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[Bond] Overcollaterized, 200b for 6 months

Author
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
#1 - 2012-10-11 14:46:14 UTC
Back due to popular demand!

Not much has changed since the first bond. We're just back to do more of the same stuff, and now with room to accomodate all requests.

The bond will by divided into two smaller packs, each of 100b. First one we need to fill asap, second one will happen two weeks after the first one filled. Reason for the gap is simply that we need to move goods around and give Chribba a chance to lock down the added collateral.

The collateral for first portion has already been locked down. It's the same BPOs as last time, IE roughly 50b worth of BPOs(going by NPC price) with plenty of research, additionally there's tradegoods held by Chribba. Exact value here is of course harder to determine, but going by Est price it's roughly 150b worth. The goods is not of obscure types, IE no single stack is more than 1-2 weeks of Jita trade and should be possible to liquidate fairly quickly, should I get hit by a truck in my living room. All tradegoods is held in highsec stations.
Once the first portion of the bond is filled another set of collateral will be locked down, estimated to be roughly 75-100b, for a grand total of 300b.

Given that we went through a full audit last time, and that we want to get this bond off the ground asap we won't bother VV with another one for this bond. Should there be any specific questions or anything you need validated I'd be more than happy to answer them or have someone verify through the API, of course.

Duration is as mentioned 6 months, if as per last time there is interest in letting it continue we MAY want to extend the timeframe, but officially and with current plans it's set to 6 months. Interest same as last time at 2%,
Nanatoa
#2 - 2012-10-11 15:57:12 UTC
In before Chribba

"Stay the course, we have done this many times before." - (CCP) Hilmar, June 2011

Hobo Audanie
Aliastra
Gallente Federation
#3 - 2012-10-11 18:52:56 UTC
Second.
Grendell
Technologies Unlimited
#4 - 2012-10-11 19:06:14 UTC
If Chribba can confirm I may fill the entire amount.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Chribba
Otherworld Enterprises
Otherworld Empire
#5 - 2012-10-11 19:22:16 UTC
Confirming that I hold collateral in the form of items, modules, ships etc of the higher Meta types to a quick estimated value of around 150b (using my quick market checks and a calculator).

Additional collateral will as stated be confirmed once they are locked down by me. My alt (Lizzy Caplan) is still CEO of the corporation and I have all the shares in my possession in order to control BPO lockdown (current BPOs are still locked).

/c

★★★ Secure 3rd party service ★★★

Visit my in-game channel 'Holy Veldspar'

Twitter @ChribbaVeldspar

Grendell
Technologies Unlimited
#6 - 2012-10-11 19:24:26 UTC
Chribba wrote:
Confirming that I hold collateral in the form of items, modules, ships etc of the higher Meta types to a quick estimated value of around 150b (using my quick market checks and a calculator).

Additional collateral will as stated be confirmed once they are locked down by me. My alt (Lizzy Caplan) is still CEO of the corporation and I have all the shares in my possession in order to control BPO lockdown (current BPOs are still locked).

/c


Speak of the devilBlink Let me know when were good for transfers etc.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#7 - 2012-10-11 19:41:26 UTC  |  Edited by: Grendell
I've invested the following investors isk, to fill the first 100b portion from GIRT deposits

Lanu - 42b
Breaker77 - 30b
Anonymous IV - 20b
CorInaXeraL - 25b
Anonymous II - 20b
Arshea - 15b
ItsmeHcK1 - 10b
Theangryhobo - 5b
Don ZOLA - 3b

The following have been cashed out:
Anonymous V - 20b
BichHa Phan - 10b

They have been replaced by:
Squizz Caphinator - 10b
Ischtar Grey - 10b
Orchid Poisonflower - 5b
midas 9192 - 5b

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Ambo
Rattini Tribe
Minmatar Fleet Alliance
#8 - 2012-10-12 16:31:44 UTC
I'm sure Grendel won't back out but if he does, I was very happy with the previous investment and would be willing to go in again :)
Grendell
Technologies Unlimited
#9 - 2012-11-01 15:39:25 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#10 - 2012-11-15 15:07:47 UTC  |  Edited by: Grendell
I keep getting asked, so I'll just post an update here;

Tanith has has some ISP issues, coupled with some delays in locking down additional collateral. So as you might imagine there are some delays. I've kept in touch with both Chribba and Tanith along the way, progress is clearly a bit slow but still moving forward. Once they both get things sorted out, I'll be funding the 100b expansion with the reserved funds from GIRT deposits. So please bare with the delays, we will get this all sorted soon.Smile

Regards,
Grendell ♥

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
#11 - 2012-11-18 11:34:30 UTC
Finally all the lockdowns are sorted, just awaiting for confirmations etc. Looks like there will be christmas this year after all. \o/

More updates as they come...
Grendell
Technologies Unlimited
#12 - 2012-11-18 15:25:26 UTC
Tanith YarnDemon wrote:
Finally all the lockdowns are sorted, just awaiting for confirmations etc. Looks like there will be christmas this year after all. \o/

More updates as they come...


Confirming, Tanith has sent me an update. So there is progress on this front, more updates coming soon I hope.Big smile

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#13 - 2012-11-22 20:36:18 UTC
Remaining 100b isk sent to Tanith.
I've invested the following isk:

Anonymous V - 12b
CorInaXeraL - 25b
Anonymous II - 20b
Arshea - 15b
BichHa Phan - 10b
ItsmeHcK1 - 10b
Theangryhobo - 5b
Don ZOLA - 3b

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#14 - 2012-12-02 04:25:54 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#15 - 2013-01-04 20:14:27 UTC  |  Edited by: Grendell
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#16 - 2013-02-04 18:07:32 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#17 - 2013-02-28 22:47:09 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#18 - 2013-04-04 21:15:42 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#19 - 2013-04-23 00:17:30 UTC
ItsmeHcK1 - 10b has been cashed out.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

Grendell
Technologies Unlimited
#20 - 2013-05-14 02:38:41 UTC
Interest paid.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥

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