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Chevabond #4 2b, 10% Uncollat. 50d

Author
Chevalleis
The Scope
Gallente Federation
#1 - 2012-07-12 10:45:39 UTC  |  Edited by: Chevalleis
Hello people of MD! I come to you with a new and exciting offer! You give me money, and I give you more money back! (after 50 days) So here's the deal:

I am looking for an investment of 2b, which will be used to trade in 4-4. After 50 days, I will give back the money you invested plus 10%. Minimum investment is 200m, however less investors better investors. Previous investors get to skip the queue.

Bond terms:
2b, 50d, no collateral, 10%(200m)

Risks:
I get hit by a bus: I've told my friend to log in and repay. I haven't given him my pw(that would be account sharing!!!) tho so if this happens ur screwed.
I run away with the money: Always a risk. Decide yourself if you want to take it.
Burnout: In this case I will repay the bond with full interest.

My previous bonds:
https://forums.eveonline.com/default.aspx?g=posts&t=72072 #1
https://forums.eveonline.com/default.aspx?g=posts&t=94690 #2
https://forums.eveonline.com/default.aspx?g=posts&t=113284 #3

Investors also get the chance to invest in my future bonds first.

I'm happy to answer any questions in this thread.

Investors:
1. Arancar Australis (500m)
2. Yarri Jiark (1b)
Block Ukx
420 Enterprises.
#2 - 2012-07-12 10:56:12 UTC
Chevalleis wrote:
... You give me money, and I give you more money back! ...



Jita local not working?


This is the market discussion forum. Perhaps you might want to discuss your business.



Korgan Medel
Brutor Tribe
Minmatar Republic
#3 - 2012-07-12 12:05:06 UTC
How long before you post with Arancar to fill your bond? Forum history would indicate he only lkes unsecured deals
Arancar Australis
Dead Sun Rising Enterprises
#4 - 2012-07-12 14:57:34 UTC
Korgan Medel wrote:
How long before you post with Arancar to fill your bond? Forum history would indicate he only lkes unsecured deals



Sweet it's only taken me 2 years to be classed as an Alt Big smile , maybe i need to try harder!!

What gave it away, our same buying from the same tailor or is it because my hair looks like a hairpiece that lends me the air of falsity? Maybe i am the mysterious Yarri Shocked

But seriously, i invest in a bond based upon my own risk comfort level and based upon a simple fact that pixelated isk can be easily replaced...it's not like i am out front of jita undock with a "Please donate isk, i have a pvp addiction to support" sign.

Cheva, If you want put me down for $500mil, please.

Thanks Mate!!

AA

Chevalleis
The Scope
Gallente Federation
#5 - 2012-07-13 07:34:33 UTC
Block Ukx wrote:



This is the market discussion forum. Perhaps you might want to discuss your business.





Quote:
I am looking for an investment of 2b, which will be used to trade in 4-4.


What more would you like to know? Disclosing all the details of my trading operation wouldn't seem like a very wise thing to do.
Block Ukx
420 Enterprises.
#6 - 2012-07-13 11:13:54 UTC
Chevalleis wrote:
Block Ukx wrote:

This is the market discussion forum. Perhaps you might want to discuss your business.


Quote:
I am looking for an investment of 2b, which will be used to trade in 4-4.


What more would you like to know? Disclosing all the details of my trading operation wouldn't seem like a very wise thing to do.



You haven't disclose anything about your operation. Trade in 4-4 is not a bussiness plan. You haven't given any explanation why you need more ISK. The only reason I found for you to grow your bond was given in your first bond:

Chevalleis wrote:

But seriously, 500m? Let's be honest here, It would be much more profitable for me to grow my bonds to 20b and THEN run away with your money.



Seems you are right on track with your original plan.



Chevalleis
The Scope
Gallente Federation
#7 - 2012-07-13 12:44:56 UTC
Block Ukx wrote:
Chevalleis wrote:
Block Ukx wrote:

This is the market discussion forum. Perhaps you might want to discuss your business.


Quote:
I am looking for an investment of 2b, which will be used to trade in 4-4.


What more would you like to know? Disclosing all the details of my trading operation wouldn't seem like a very wise thing to do.



You haven't disclose anything about your operation. Trade in 4-4 is not a bussiness plan. You haven't given any explanation why you need more ISK. The only reason I found for you to grow your bond was given in your first bond:

Chevalleis wrote:

But seriously, 500m? Let's be honest here, It would be much more profitable for me to grow my bonds to 20b and THEN run away with your money.



Seems you are right on track with your original plan.





Trading in 4-4 IS a business plan. It means that you buy the goods in the station and resell them at a higher price. Or at least this is how I have grasped the concept. The reason why I am asking for more ISK is that the more money I have to trade with, the more profit I get. Now that I've had 3 successful bonds, I believe from my past experience that I'm ready to elevate my trading capital into numbers that I am efficiently and profitably able to trade with.
As to what it comes to scamming, I put that text in my first bond because the bond size was so small and it seemed like a way to assure potential investors. I never purposefully implied that I would scam when I get to 20b or any other number. If I ever get to 20b bonds, I'll probably have a more definite plan that I can discuss with the investors and explain in more detail. But Jita 4-4 trading is relatively simple so I see no need for this.

If you have more questions I'm happy to answer them.
Block Ukx
420 Enterprises.
#8 - 2012-07-13 13:52:25 UTC
Chevalleis wrote:
… buy the goods in the station and resell them at a higher price.

Sounds like you don’t have a plan. Planning involves evaluating possibilities and having ideas on how to mitigate them. For instance, what will you do if the market turns around and all of the sudden you can’t sell items at a higher price? How much of a loss are you willing to take?

Chevalleis wrote:
The reason why I am asking for more ISK is that the more money I have to trade with, the more profit I get.

That’s not always true. What happens if you end up losing ISK? Will you default?

Chevalleis wrote:
I believe from my past experience that I'm ready to elevate my trading capital into numbers that I am efficiently and profitably able to trade with.

Based on what? You have not presented anything that supports your “efficiently and profitably”.

Chevalleis wrote:
As to what it comes to scamming, I put that text in my first bond because the bond size was so small and it seemed like a way to assure potential investors. I never purposefully implied that I would scam when I get to 20b or any other number.


That “text” shows a number that you considered large enough to scam. If you want to assure investors, you should provide a plan.

Chevalleis wrote:
If I ever get to 20b bonds, I'll probably have a more definite plan that I can discuss with the investors and explain in more detail.


Now is not a bad time to start developing a plan. At 2B investors want to know that there is a plan in place.

Epikurus
Republic University
Minmatar Republic
#9 - 2012-07-13 14:03:04 UTC
Block Ukx wrote:

Chevalleis wrote:
I believe from my past experience that I'm ready to elevate my trading capital into numbers that I am efficiently and profitably able to trade with.

Based on what? You have not presented anything that supports your “efficiently and profitably”.


Yeah, an audit would be good. By the way Block, that audit you promised you would get 18 months ago? Any news or do you only expect transparency from other people?
Liberty Eternal
The Scope
Gallente Federation
#10 - 2012-07-13 15:08:08 UTC
Block Ukx wrote:

Based on what? You have not presented anything that supports your “efficiently and profitably”.



Srsly?
Chevalleis
The Scope
Gallente Federation
#11 - 2012-07-13 15:30:47 UTC
I'm willing to do an audit if someone wants to pay for an auditor. AFAIK most reputable auditors only do audits 10b< nowadays. And I'm not going to pay 100-200m for an audit on a 2b bond.

Quote:
Sounds like you don’t have a plan. Planning involves evaluating possibilities and having ideas on how to mitigate them. For instance, what will you do if the market turns around and all of the sudden you can’t sell items at a higher price? How much of a loss are you willing to take?


I place my trust in diversity and the history of any specific item. I also keep an eye out for any news regarding the items that I trade in. If the market does flip and I can't sell the items with profit, I'll determine whether I wait it out or take the loss based on the volatility of the item. If it's likely that the market is going to stay that way for a while, and the loss is in acceptable limits, I'll sell. If it looks like it might turn back around soon, I'll wait. If the market is going to stay that way for a while and the loss is not in acceptable limits, I'll either find other ways of selling that item for a more acceptable loss or wait it out.

Quote:
That’s not always true. What happens if you end up losing ISK? Will you default?

If it happens so that the market goes crazy and I lose most of my ISK, I will liquidize all my assets and pay back until I have nothing left to pay with. However this is extremely unlikely.

Quote:
Based on what? You have not presented anything that supports your “efficiently and profitably”

1st bond: 500m. 2nd bond: 1b. 3rd bond: 1b. 1B is not that far from 2B And since I managed well with 1b, I think I'll do well with 2. They're not that far apart. I grow my bonds with the same method as other bonds and IPOs: See how much money you can handle. If it turns out that I'm not yet able to deal with that much money, I'll fall back to 1b bonds. (full repayment ofc)

Quote:

That “text” shows a number that you considered large enough to scam. If you want to assure investors, you should provide a plan.


Alright, here's something resembling a plan. I will use the 2b + my own capital to trade in items that I have deemed to bring in profit. I will buy items by placing buy orders in the market and updating them until they are filled or very close to being filled. After I have bought the items, I will relist them on the market for a higher price than what I bought them for. Once they are bought, the remainder of those two figures is my profit off that particular batch. I will trade in multiple different items to ensure that if the market turns against me on some, I still make profit from the rest. I will continue this way until the 50d has passed and then I will repay the bond.
The plan is not very sophisticated, but enough to make profit. I trade in it's simplest form. I don't seek control of markets, I don't speculate or manipulate markets during the bond. This is to ensure minimal surprises. It is also one of the safest ways to trade.

Further comments and questions are welcome.


Block Ukx
420 Enterprises.
#12 - 2012-07-13 16:27:15 UTC
Chevalleis wrote:
I'm willing to do an audit if someone wants to pay for an auditor.


Don't waste ISK on an audit.


Chevalleis wrote:

Quote:
Based on what? You have not presented anything that supports your “efficiently and profitably”

1st bond: 500m. 2nd bond: 1b. 3rd bond: 1b. 1B is not that far from 2B And since I managed well with 1b, I think I'll do well with 2. They're not that far apart. I grow my bonds with the same method as other bonds and IPOs: See how much money you can handle. If it turns out that I'm not yet able to deal with that much money, I'll fall back to 1b bonds. (full repayment ofc)




What I was after was some numbers regarding your trading experience. What range of margins were you getting? How many items were you trading? How many hours were you trading? How much ISK was turned over? What type of model and software were you using to determine these numbers?


Epikurus
Republic University
Minmatar Republic
#13 - 2012-07-13 17:16:44 UTC  |  Edited by: Epikurus
Block wrote:
based on what? You have not presented anything that supports your “efficiently and profitably”.


Chevalleis wrote:
I'm willing to do an audit if someone wants to pay for an auditor.


Block wrote:

Don't waste ISK on an audit.


This is literally hilarious.


Edit - @ Chev - If you do want an audit done (and it would be a very good idea at this stage) have a word with VV. She was holding the remnants of the public audit fund and may still have some cash left for just this kind of situation.
Chevalleis
The Scope
Gallente Federation
#14 - 2012-07-14 07:35:22 UTC
Block Ukx wrote:




What I was after was some numbers regarding your trading experience. What range of margins were you getting? How many items were you trading? How many hours were you trading? How much ISK was turned over? What type of model and software were you using to determine these numbers?




During my last 2 bonds, I was getting 7%-15% margins from about 10-25 items. I traded around 1,5 hrs a day, sometimes more, sometimes less. During my last bond, I made only about 200-300m since I had to be away most of the time during the bond. I haven't used any software to verify these numbers, so I'm not sure. I took the numbers ingame. Lately I've been thinking of using evementat tho.

Quote:
Edit - @ Chev - If you do want an audit done (and it would be a very good idea at this stage) have a word with VV. She was holding the remnants of the public audit fund and may still have some cash left for just this kind of situation.


I talked to VV but he seems to be busy with his webinar stuff.
Chevalleis
The Scope
Gallente Federation
#15 - 2012-07-15 06:25:44 UTC
Bump
Estel Again
Doomheim
#16 - 2012-07-15 08:54:33 UTC
I didn't know Block Ukx was the resident troll these days.
Yarri Jiark
Task Force 641
Empyrean Edict
#17 - 2012-07-16 12:42:45 UTC
Id like to reserve 1 billion isk. Good to see another bond from you.
Chevalleis
The Scope
Gallente Federation
#18 - 2012-07-16 14:15:43 UTC
Added you to the list. 500m left, any takers?
Arancar Australis
Dead Sun Rising Enterprises
#19 - 2012-07-19 14:31:00 UTC
Hey Chevalleis,

I'll up my part to a billion to help get this one rolling.

Let me know when to send the isk through.

Cheers,

AA
Chevalleis
The Scope
Gallente Federation
#20 - 2012-07-20 07:49:06 UTC
Both investors can send the ISK now. The bond will start tomorrow.
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