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[GLTB#2] Long Term Bond 37b - Defaulted Loan.

Author
Grendell
Technologies Unlimited
#1 - 2012-07-02 22:13:15 UTC  |  Edited by: Grendell
Hello fellow MD readers,

On behalf of Privateer Nobody, I will be securing funding for a 29b bond. The bond is funded from GIRT deposits.

> Once a month, the interest payment will be made, likely to be done within the 1st week of each month.
> In the event of a default, investors will be refunded their capital investment and accrued interest to that point if possible. Any isk after the liquidation will be taken as my fee.
> Previous public and private investors will get priority, as will larger investors over smaller investors. This is to make things easier for me.

Privateer Nobody has transferred collateral over to me to cover to full amount of the bond. Collateral will be in the form of various T1 BPO's. Each BPO has been under-valued below market value.


The total Bond size will be 29b isk. (37b as of September)

The terms:
1b isk minimum investment
1b investment increments
No fixed duration (Approximately 1 year)
Cash out requests requires a 1 month notice, and will be cashed out as funds are available

Current Investors:
Don ZOLA - 29b
Lanu - 8b

Backup Investors:
Link: https://forums.eveonline.com/default.aspx?g=posts&t=67004

Notes of interest:
->> September expansion by 8b isk

Investing:
> Reserve an amount 1b+ with increments of 1b.
> Post your reservation here
> Eve-mail your reservation for anonymity
> The monthly intervals will be the 1st of each month

Previous Public Offerings
Public Offering for 85b - GMTB#2
Public Offering for 120b - GSTB#1
Public Offering for 100b - GMTB#1
Public Offering for 225b - G-FLC
Public Offering for 100b - OSM#2
Public Offering for 175b - OSM#1

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#2 - 2012-08-02 13:01:31 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#3 - 2012-09-01 14:48:14 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#4 - 2012-09-07 05:22:58 UTC
Privateer Nobody has expanded on the loan by 8b and has provided additional collateral. I've added Lanu as an investor for that 8b portion.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Lord Wickham
Pator Tech School
Minmatar Republic
#5 - 2012-09-07 15:00:27 UTC
whats the interest on this bond out of curiousity?
Grendell
Technologies Unlimited
#6 - 2012-09-07 15:20:37 UTC
Lord Wickham wrote:
whats the interest on this bond out of curiousity?


This one pays out 2%. The rate for the loan is 3%, where I take 1% as my fee for managing the whole thing. Necessary fees as you can imagine I have a lot of accounts with CEO characters that have to hold corporations and bpos as collateral. The fee is used to PLEX those accounts and of course have some pay in it for me.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#7 - 2012-11-01 15:40:26 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#8 - 2012-12-02 04:27:41 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#9 - 2013-01-04 20:15:32 UTC
Interest paid. Waiting for actual payment from client.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#10 - 2013-01-23 19:51:06 UTC
This loan is now in risk of default. I've had no contact from Privateer Nobody for a few months, as well as no interest payments. As per my terms regarding missed interest payments, at the end of this month this loan will be in default. That is unless PN re-appears and makes up for the missed interest payments.

Just to clear a few things up, interest has been paid to investors regardless of Privateers Nobody's missed interest payments. I've paid them out of my pocket up front. Once or if this loan defaults, I'll be liquidating the collateral. All the investors isk will be placed back into my deposit pool ready for new investments. Since it will take me sometime to liquidate the collateral, I will be fronting the isk from my pocket to place into deposits, until collateral is completely sold off.

Will update this thread once I have more info.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Vaerah Vahrokha
Vahrokh Consulting
#11 - 2013-01-23 21:02:58 UTC
I hope that person who wanted to start a collateral service and asked for information is looking to this thread, because this is how it's done. :thumbsup:
Candy Oshea
Techfree Investment Group
#12 - 2013-01-24 01:11:59 UTC
Sorry to spam your thread Grendall, but will you be putting up a sell order thread for the asset sale should it come to, or do you have buyer/s already lined up.

45b+ in BPO's at NPC price is something i'd like to look at & cherry pick Oops

iCandy  - I have accidently swallowed some Scrabble tiles, my next shit could spell disaster!

Joshua Vaughn Lampen
Archer Investments Initiative
#13 - 2013-01-24 01:25:51 UTC
Candy Oshea wrote:
Sorry to spam your thread Grendall, but will you be putting up a sell order thread for the asset sale should it come to, or do you have buyer/s already lined up.

45b+ in BPO's at NPC price is something i'd like to look at & cherry pick Oops


I'd very much like to see what's on offer as well.
Vaerah Vahrokha
Vahrokh Consulting
#14 - 2013-01-24 01:53:14 UTC
You know what? I could also do some spring shopping.
enterprisePSI
#15 - 2013-01-24 08:41:36 UTC
I too am interested :D

The tears of the many, outweigh the tears of the few. Or the one. enterprise-psi©

Debra Tao
Perkone
Caldari State
#16 - 2013-01-24 08:53:06 UTC
Well... i guess i have room for good BPOs...
Vaerah Vahrokha
Vahrokh Consulting
#17 - 2013-01-24 09:01:12 UTC
I'd like to book (if there is any) a Capital Jump Drive BPO.
Rebecca Cairn
Imperial Corrections Service.
#18 - 2013-01-24 11:34:57 UTC
ooh, pick me, pick me.
Grendell
Technologies Unlimited
#19 - 2013-01-28 20:16:10 UTC
Vaerah Vahrokha wrote:
I hope that person who wanted to start a collateral service and asked for information is looking to this thread, because this is how it's done. :thumbsup:


Thank you VV, for your compliment.Smile
I believe you were thinking of Emma d'Acques, from this thread.


To Candy, Josh, PSI, Debra, and VV; If by the end of the month the loan really does default, I'll certainly be setting up a sale. The loan is still technically not in default for another 3-4 days. So any sales would take place after that. I can make a post here to notify you guys of a liquidation. I may cherry pick a group of bpos from the collateral as a donation to some corp/alliance m8's. I'm not really decided on that yet.Blink

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Ronix Aideron
Zymurgy Corp.
#20 - 2013-01-29 20:35:30 UTC
I am another person interesting in the possible liquidation sale.Big smile

Start the day off slow and taper off from there.

http://eveboard.com/pilot/Ronix_Aideron

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