Market Discussions

Hello MD,

I am looking to borrow 5 billion ISK for one month at 15%+ return.

About me
I played Eve for a while back in 2009 before having a long break. I have recently re-subbed. After trying various professions I have finally settled on station trading. I have spent considerable time grinding up base standings to 7 with Caldari faction and 9 with Caldari Navy. I have 6 days left on Accounting V and will then train broker relations from IV to V.

February was my first full month of trading and I made 700million ISK in profit. This month I am already at 1.5billion ISK in profit and on target for 3 billion. My total trading stock at cost + ISK is currently 4.2 billion. I also have a mission fit Navy Raven with an approximate value of 1 billion. Therefore total NAV is 5.2billion.

I believe my current market strategy can easily be increased to trade 10billion+ ISK at the same level of profitability and minimal effort.

The proposal
My proposal is to pay out 40% of my profits over one month attributable to the loan capital.

I will keep the remaining 60% for my time and effort. I will pay a minimum return on your investment of 15% regardless of my success.

I recognise profit on the sale of an item and carry forward stock at the cost I paid for it.
The loan will be consolidated with my current trading funds. I will calculate the profit attributable to the loan as follows:-

Example (figures for illustrative purposes only)

At the start of the month:-
Starting stock at cost - 3 billion
My ISK (wallet + escrow) - 2 billion
Loan ISK - 5 billion
Total Capital- 10 billion
Loan capital - 50%

At the end of the month:-
Closing stock at cost - 15 billion
ISK (wallet + escrow) - 5 billion
Total Capital - 20 billion
Less total starting capital -(10 billion)
Profit - 10 Billion

Profit attributable to loan capital (50%) - 5 billion
40% paid out to investors - 2 billion
I anticipate the return to investors will be higher than the minimum 15%. I track all my market transactions on my own spreadsheets.

Risk
With no history this would be considered high risk. This why I have offered a good return and the potential for a higher return.

- My basic info including wallet balance can be seen here http://eveboard.com/pilot/Jaroo
- I would be willing to provide full API access to a trusted individual
- I will not be leaving station for the duration of the investment
- As I will be station bound I can offer my fitted mission Raven Navy Issue as collateral.
Approximate value of 1billion ISK (see the one I lost last month for fitting!) http://eve-kill.net/?a=kill_detail&kll_id=16589268

I plan to start as soon as I raise the ISK and will provide weekly updates of my total capital.

Capital plus interest will be paid out one calendar month after commencement.

Thanks

Jaroo

If I don't get any interest then I will do just that. However, if I do it will help speed things up for me.
I have offered some collateral - although admittedly it's pretty low at 20%.

Talked with Jaroo and verified his API.

I will be taking up his offer and pledge the 5 bils starting from tomorrow.
Also I confirm that I will be accepting the Raven Navy Issue + fitting as collateral over the period of the loan.

I congratulate you on the sale on a raven navy issue for 5b isk.

collateral that doesnt hold full bond size makes no sense, especially when the collateral contains rather easy to liquidate items...or would you have agreed to a 4.5b uncollateralized Bond then (would be exactly the same for you). Looks like (too) obvious rep-grinding to me.

Confirming receipt of 5 billion ISK. Loan will run until 16 April when the full amount of capital + interest will be paid back.

My trading starting capital - 4,471,768,385
Loan - 5,000,000,000
Total Capital - 9,471,768,385

Percentage of profits attributable to loan capital 52.79%.

Raven had rigs plus 500million of fittings. I agree I could have sold the fittings individually and bought back at the end of the month, plus tried to contract the raven + rigs and just asked for a 4 billion uncollateralised loan, but it would have been a pain.
I appreciate the trust lux impersonator has put in me and will not let him down.

Will update progress next weekend.

You caught me guys.

Jaroo is my alt. I created that character 4 years ago and trained the skills, created the cover-up corporation, everything leading to this moment.

MY GREATEST MOMENT YET ! Waited patiently for years just to pull out this reputation grinding scheme.

I will ask bigger and bigger loans until I reach the 1.4 Trillion ISK mark so I can then pull the biggest scam ever in EVE !!

Devious I tell you! Devious !

PS : Saveritrader is also my alt, btw. Another marvelous rep grinding scheme of mine, and brace yourselves as I might have more alts !!!

Measured by exclamation points, you seem pretty worked up over that, and all I did was point out a few possibilities, the first of which is that Jaroo is honest and successful. Chillax!

Maybe Jaroo is typing up a frothing response, too? Or would you be typing up that response from him? I find all your alts confusing.

Intentionally or unintentionally, this has the sound of rep grinding with an alt.

Also, I believe Thoraemond has hit the nail right on the head with his quick assessment. In my experience, first time (and even some past that) offerings need to focus more on establishing relationships with potential investors. Creating a sense of comfort within the community in regards to your actions, responses and forthrightness by adhering to the ‘rules’ set forth by the general populace in the beginning leads to more flexible and favorable terms in the future. Asking and seeking advice prior to presenting a bond and being a part of the community before the launch is a good idea.

Public offerings that take their time over a course of days, weeks or even months typically get funded more often than not as it shows the community a sense of dedication and commitment of the offerer. While in contrast, the general guideline of a scammer is making a quick buck and get out fast.

GL with the bond.

Hmmm I wasn't going to post again until next week, but as I have just got back from the pub and I'm a little bit drunk you have pulled me into replying to the comments.

First a screenshot of the contract http://imageshack.us/photo/my-images/339/20130316235232.jpg/ couldn't actually fit all the fittings in the screenshot.... but it covers most of it.

Second to the rep grinding question.... I really am quite a casual player and do not believe I could manage to trade more than 10billion ISK any time soon (in fact this will be quite a test for me just to see if I can scale it up from my current trading).

I will not be asking for any more larger loans than this in the future..... in fact I would go as far as to say that any of you are free to link back to this comment if I ever try to borrow more.

I'm really hoping I will be in the position to lend out my ISK next time round.

night all,

Jaroo