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Thinking about a bond
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JohnathanGalt
Northern Sky Industries
#1 - 2012-06-20 15:53:22 UTC
All,
I am thinking about issuing a very small bond, probably 1B. I have a successful trading system in place, and I am at the proverbial capital sticking point. This character is a trading alt that was recently restarted, there was a large inactive time for both chars in 2011, so they both are not as "old" as they appear. My main, Lord Azori, is in a C5 WH corp. I am basically looking for advice on process and what potential investors look for in a 1st bond, ie time-frame, collateral, interest rate etc.

I have read lots of bond floats here on MD, and it seems you either get small time people like me, who are often told they are not good enough, or you get old, well established players setting up massive bonds that are almost instantly filled and oversubscribed. So I am looking for advice on how not to be the former, and someday be in the latter. I know that everyone assumes everything in EVE is a scam, but I am just looking for honest information. I do not even know if I will attempt this yet, as I might just keep growing my funds organically, as this has worked so far.

Thanks in advance,

JG
Estel Again
Doomheim
#2 - 2012-06-20 16:04:05 UTC
I'll leave it to MD regulars to answer you questions in detail, but you're in luck!

You can get up to ~1.4B without collateral for 4 weeks if you participate in my Dutch auction.
(You will have to post with a character with a bit more history, or let me know your main in a private message.)
JohnathanGalt
Northern Sky Industries
#3 - 2012-06-20 16:25:03 UTC
Estel,
I will probably take you up on that, interesting idea for sure. I still am wondering about what investors look for, so if anyone still wants to help, I would appreciate it.
Cap James Tkirk
Baba Yagas
The Initiative.
#4 - 2012-06-20 16:26:38 UTC
if you have any kind of collateral andwilling to use a 3rd party service like chibbra id be willing to go into this
JohnathanGalt
Northern Sky Industries
#5 - 2012-06-20 16:33:23 UTC
Cap.,
I have collateral on my main, but it is in the form of ships that I currently use. My main, Lord Azori, is in a C5 WH corp, and I have a Navy Geddon and a nice shiny Legion there. However both of those ships cannot sit unused held by a third party, as I am active on that character. Also, I am familiar with Chibbra, the name, but I do not know exactly how his service works. What would be the fee for something like that?

Thanks
Johnny Frecko
Federal Navy Academy
Gallente Federation
#6 - 2012-06-21 12:06:16 UTC
In general people want to know the following things in short.
1)how much stuff can you liquidate right now .
2)how much working capital you got.
3)how long you've been doing it.
4)why this size of a bond and not any other.

you can support your given information using API keys for both you and your main.


Also, it's wrong to say we all assume these are scams, It's more likely that they are scams and that's why people think they are.
a person who doesn't wish to pass any information and just demands money is likely to be handled as a scammer and trolled.
Be cooperative enough and you'll get everything funded.
Collateral will you get you instantly funded even with no reputation.
CorInaXeraL
The Dresdeneers
#7 - 2012-06-21 13:11:46 UTC
Also, be ready to provide a rather detailed plan of attack in regards to the bond. It's a nice warm-fuzzy when someone knows exactly how they're going to approach working with the funding they receive to turn it around for some nice gains. Coming in with a plan of 'I'm gonna sell stuff' does very little when placed next to someone who has everything laid out 'Plan on doing A to hunt out 'B' and work on pulling 'C' with 'D', but if 'E' then will 'F' and provide 'X'...blah blah, you know how it goes. Check some of the bonds that do have investors actively involved in them and look at the details and planning they provide up front. You can always take something and scale it down to suit your capabilities.
JohnathanGalt
Northern Sky Industries
#8 - 2012-06-21 14:45:33 UTC
Thank you for the responses. I am assuming that an API that just shows market and wallet activity would be enough for most people? I know I could raise the capital privately with in-corp friends with my main, but, like anything else, I figure it might be a good idea to start building a credit history. When I decide to make the jump from my current system, I will keep all of this in mind. Anyone have any other words of wisdom?
CorInaXeraL
The Dresdeneers
#9 - 2012-06-21 14:56:00 UTC
If offering an audit, include Lord Azori as well for asset verification etc. If your financial assets are tied up on Lord Azori, then auditing the ability for J.Galt to repay losses becomes difficult.
Johnny Frecko
Federal Navy Academy
Gallente Federation
#10 - 2012-06-21 16:19:34 UTC
also try not to mention rep-grind too much.

If your offer is valid detailed and planned you'll *probably* get financed.
If your offer is collaterlized you'll get financed.

if the only reason for you to offer this publicly is history, well it just looks bad.
(i'm not that naive, ofcourse some people do it - even the legit ones. But just don't mention it :) )
Cap James Tkirk
Baba Yagas
The Initiative.
#11 - 2012-06-21 19:58:20 UTC  |  Edited by: Cap James Tkirk
Chribba is the most reputable 3rd party holding service i eve, i understand that your big assets are tied up in a c5 (ive lived in one before and they are fantastic) but like previous posters said you have no history to go uncollaterized IMO.

i do wish you the best of luck though
David Forge
GameOn Inc.
#12 - 2012-06-21 20:08:03 UTC
Personally, I far prefer Chribba to Chibbra.