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[IPO] Lone Star Exploration (125Bn @ 11%)

Author
Nerdy McButtHurt Trald
Doomheim
#21 - 2012-09-13 01:10:04 UTC
First rule of investing in a person with a first time bond offering:

Never, ever (don't even think about it), invest in a bond where all the investors have never posted in the thread.

In fact don't invest in bonds that are not covered by collateral.






Here is a suggestion, just ask your corp mates to wait a couple of weeks to get a small working buffer.
After all you are making 30% profits.



Surely your corp mates trust you, perhaps they could post here about your trustworthiness and profitability.




Blueprint Seller
Bring Me Sunshine
#22 - 2012-09-13 05:33:31 UTC
De Guillaume wrote:
Blueprint Seller wrote:
I would be willing to invest a matching amount to the collateral value (as determined by Grendell) AND pay Grendell's fee myself provided my investment was the first to be covered by the collateral. Happy to do the entire 125b should you find that amount of collateral.

if he agreed to urs being first payed out, doesn't that basically screw all other investors. If this does happen, i would like to know because certainly puts me off investing anything because there will be zero collateral for anyone else.

...and I'd be perfectly happy being the only investor.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#23 - 2012-09-13 10:14:08 UTC  |  Edited by: Bad Bobby
De Guillaume wrote:
Blueprint Seller wrote:
I would be willing to invest a matching amount to the collateral value (as determined by Grendell) AND pay Grendell's fee myself provided my investment was the first to be covered by the collateral. Happy to do the entire 125b should you find that amount of collateral.

if he agreed to urs being first payed out, doesn't that basically screw all other investors. If this does happen, i would like to know because certainly puts me off investing anything because there will be zero collateral for anyone else.

You're not put off from investing in an unnecessarily large and expensive loan to a person who presents no evidence of competence or trustworthyness?

It seems to me that this should be a much smaller collateralised loan at a lower rate, if the intention was legitimate.
Boss
University of Caille
Gallente Federation
#24 - 2012-09-13 15:36:55 UTC
IPo now over 50% full, list of investors updated on page 1 (most are from FHC)
Boss
University of Caille
Gallente Federation
#25 - 2012-09-13 15:40:42 UTC

No investor will have priority over any other investor. when collateral is setup everyone will be covered equally. If I wanted a 100% colateral loan I would have set it up privately.
De Guillaume
THORN Syndicate
Northern Coalition.
#26 - 2012-09-13 15:48:34 UTC
what is the collateral, or did u mention it before. or can u get third party holder to confirm the collateral actual value.

But to be honest, this all thing seems to fishy and the fact lots of people have asked what is the collateral and got know answer so far as I have seen, clearly is weird.

Has you ever went so far as chose to go even use want to look more like do?

Boss
University of Caille
Gallente Federation
#27 - 2012-09-13 15:51:03 UTC
there is no collateral yet, as grendell is always offline :(
Grendell
Technologies Unlimited
#28 - 2012-09-13 15:56:09 UTC
Boss wrote:
there is no collateral yet, as grendell is always offline :(


I'm available through Eve-mail all the time, I tend to only log in when requested.Smile

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Boss
University of Caille
Gallente Federation
#29 - 2012-09-13 16:01:42 UTC
could you log in at like 20:00 EVE today so we can chat about setting up collateral please :)

much love
Grendell
Technologies Unlimited
#30 - 2012-09-13 16:16:20 UTC
Boss wrote:
could you log in at like 20:00 EVE today so we can chat about setting up collateral please :)

much love


I'll give a tentative yes, as I may or may not be in awful traffic on my way home from work.Lol

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Magnu Stormhawk
#31 - 2012-09-13 16:30:55 UTC
Boss wrote:
I would encourage any MD regulars to tell me how I could make this IPO better.


1. Define the structure of the offer properly. It is not an IPO, there is no profit share or equity growth. It is a loan with a fixed rate of interest.
2. Get your collateral straight. So far it has just been mumblings. It looks like you are offering 40% collateral although you havent disclosed what it is. People will want to know to assess how stable its value is.
3. Given you are apparently only offering 40%, note that this not generally of interest to either collateralised investors, or uncollateralised ones. Consider splitting the offer into a collateralised loan at 50b, at a low interest rate (you will get under 5%), and a second uncollateralised one at a higher rate for those more risk averse.
4. Ideally do all that before you make your offer, so it doesnt turn into a thread of confused questions (too late).

However, general advice would be that you seem to be filling it rapidly outside of MD in the weak form that it is, so if I were you I'd stick with that. Standards tend to be higher here.

Good luck
Boss
University of Caille
Gallente Federation
#32 - 2012-09-13 20:49:57 UTC
I have been in touch with grendell and we have both decided that I need a VV audit. Grendell will not currently be holding collateral for this IPO using the current collateral structure.

Should anyone wish to invest with 0% collateral I can assure you that I am trustworthy (and will soon have an audit done to remove some doubts)

Nerdy McButtHurt Trald
Doomheim
#33 - 2012-09-13 21:38:36 UTC
Investing rules two and three:

When the OP refuses to answer questions, don't invest


More importantly when Grendell won't even touch the collateral run away quickly.



If you invest you are just asking to lose the ISK.
So far we have gone from:

IPO to Collateralized Bond to Partially collateralized Bond to Bond to I am a trustworthy guy honest,
Ji Sama
Akira Industries
#34 - 2012-09-13 22:53:25 UTC  |  Edited by: Ji Sama
While I have no idea of the OP's intend. This is starting to fall apart.

@OP

You need to slow down.

If you have already secured over half of the initial principle, then there is no need for new potential investors to do anything, but wait for the audit. Then read it, and make up their mind.

Starting to tell us you are trustworthy, and that (this might be a reading error on my part) potential investors should just invest (send ISK) anyways, because a VV(TM) audit is on its way...

Hold your horses. Take a breather.

Tell your investors to wait until the audit is complete.


Personally I wouldn't touch this if I had ISK to invest.
But heck, my business advise is worth **** here, since I lost over 30B on T4U :)
seany1212
M Y S T
#35 - 2012-09-14 00:31:28 UTC
Ji Sama wrote:



Personally I wouldn't touch this if I had ISK to invest.
But heck, my business advise is worth **** here, since I lost over 30B on T4U :)


Funny because when i read the OP i thought it was a twist on the exact same concept... Straight
Boss
University of Caille
Gallente Federation
#36 - 2012-09-14 12:25:38 UTC
I have contacted VV and am now awaiting his reply re an audit.
Vaerah Vahrokha
Vahrokh Consulting
#37 - 2012-09-15 21:23:42 UTC  |  Edited by: Vaerah Vahrokha
I am sorry, an audit for an investment of this size and nature (corporation and other involvements, prior situation to study) cannot be started when the investment is half filled.

It'd not be a serious work, it'd just look like some "VV seal of approval" (I already sense expectation from some posters in here) instead of what it's meant to be.
Boss
University of Caille
Gallente Federation
#38 - 2012-09-16 11:57:13 UTC
Vaerah Vahrokha wrote:
I am sorry, an audit for an investment of this size and nature (corporation and other involvements, prior situation to study) cannot be started when the investment is half filled.

It'd not be a serious work, it'd just look like some "VV seal of approval" (I already sense expectation from some posters in here) instead of what it's meant to be.



not to worry; I guess I'm going to have to reword the opening statement to reflect the no 3rd party collateral issue. I can still liqudate all my assets and pay everyone if it goes south, so Im not that worried, but It means that the more cautious investors will have missed out.
Boss
University of Caille
Gallente Federation
#39 - 2012-09-16 12:03:19 UTC
Share purchases updated.
Chiyeung Bonaparte
The Scope
Gallente Federation
#40 - 2012-09-16 19:41:52 UTC
saw your post from FHC, i bought 4 shares
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