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[Running] 35/35b Invested - Fully Collateralized
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Face of TheOp
Doomheim
#1 - 2013-06-19 14:35:30 UTC  |  Edited by: Face of TheOp
First off, yes this is an alt created this morning. This is done to add a bit of security to my production op, as it is capital production and too much publicity can make it vulnerable.

The collateral will be in the form of capital component BPOs. I've contacted Chribba, Grendell and Tornsoul with my main to act as a third party. Their alt will be CEO of the indy corp, and keep the BPOs locked down. That way the collateral is secured, and we've still access to them for our production.

This loan will last for 6 months. The interest rate will largely depend on what the 3rd party finds agreeable, but we are hoping for 2-3%/month.

This post is just to gauge the interest of the MD forums, and once discussions with the 3rd party has completed, I will have them post here that they've the BPOs secured and the loan will open for the public.

If you've any ideas on how to make this more secure, or are willing to pledge a specified amount of ISK (hindered on the 3rd party agreement of course), that be much appreciated.

Thanks for your time

Update

20b ISK received. Loan has commenced.

Additional 15b ISK received.

July and August interest payments paid out.

Update 2

We are looking to increase this loan by 15b, making it a total of 35b invested. This will again be fully collateralized by Grendell in the form of Capital Component BPOs (total collateral will be 38b based on NPC price). Grendell should have them locked down in the next couple of days, and will post here to confirm. Currently we've an investor, Tonsof Gun, covering 20b of the loan. He will be given first right of refusal to increase his investment by 15b, but in case he wishes not to, we will need a second investor. He has been contacted, and this thread will be updated based on his reply.

Terms are the same as the current loan. 2%/month, with the full amount paid back in 6 months. This loan is set to commence August 1st, and the first interest payment paid out Sept 1st.

Please post here if you've any questions or concerns so they can be answered publicly.
RAW23
#2 - 2013-06-19 14:38:25 UTC  |  Edited by: RAW23
Subject to agreement from the third party I would like to tentatively reserve the whole thing on behalf of a ... fourth? ... party. Basically, someone else wanted me to keep an eye out for just such things.

Edit - On rereading the above might not be clear. I would like to reserve the whole 20bil on behalf of a consultancy client of mine, subject to confirmation from your chosen third party (any of those you mention are acceptable) that they will be holding the collateral as per your statement and that the collateral (valued at npc price) is adequate to cover the borrowed 20bil.

Edit2 - See below.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
bigsharkbait
Primus Inc.
#3 - 2013-06-19 15:18:17 UTC
RAW23
#4 - 2013-06-19 18:16:41 UTC
Having spoken to my client I can confirm that we will fill the full 20bil at a rate of 2% per month as soon as we hear from one of the third parties that the collateral is in their hands.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
bigsharkbait
Primus Inc.
#5 - 2013-06-19 20:15:53 UTC
that beats me :) but if it falls though my rates vary from 2-3%
and not NPC prices either
Goodluck
Face of TheOp
Doomheim
#6 - 2013-06-20 13:15:17 UTC
Confirming I've spoken with Raw23 via mail, and he as agreed to 2%/month on the basis that Grendell lock down the BPOs with his CEO alt.

Start of the loan will be the 27th of June, and first payment will be the 27th of July. This will give me time to get Grendell's alt into the corp as CEO.

Once Raw23 has confirmed here that he is fine with these terms, and that he acknowledges that Grendell will be on vacation in 2 weeks, I will email Grendell with the corp name for his alt to join.
RAW23
#7 - 2013-06-20 13:31:06 UTC
Face of TheOp wrote:
Confirming I've spoken with Raw23 via mail, and he as agreed to 2%/month on the basis that Grendell lock down the BPOs with his CEO alt.

Start of the loan will be the 27th of June, and first payment will be the 27th of July. This will give me time to get Grendell's alt into the corp as CEO.

Once Raw23 has confirmed here that he is fine with these terms, and that he acknowledges that Grendell will be on vacation in 2 weeks, I will email Grendell with the corp name for his alt to join.


Confirmed.



There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
flakeys
Doomheim
#8 - 2013-06-20 14:12:38 UTC
Face of TheOp wrote:


Start of the loan will be the 27th of June,



I heard a rumour that great people are born on that day ..... just don't ask my wife to verify that Blink

We are all born ignorant, but one must work hard to remain stupid.
Seetesh
Deep Core Mining Inc.
Caldari State
#9 - 2013-06-20 16:30:07 UTC
I to would be interested, send me an eve mail if you have anything.
Face of TheOp
Doomheim
#10 - 2013-06-29 02:16:12 UTC
Short delay, but Grendell's alt is now CEO of the corp so we should have confirmation within 24hrs.

Thanks for your patience!
Grendell
Technologies Unlimited
#11 - 2013-06-29 04:44:35 UTC
Lockdown vote started. 2 bpos need to be un-packaged, can't lock them down otherwise. My noob alt ceo doesn't have the skill :)

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥
Face of TheOp
Doomheim
#12 - 2013-06-29 14:56:04 UTC
Last 2 are unpackaged, and the others worth a little over 20b will be locked down the 30th at 0400
Grendell
Technologies Unlimited
#13 - 2013-06-29 15:29:38 UTC
Lockdown votes are all passed! Enjoy guys!

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥
Tonsof Gun
Dirty Rats
#14 - 2013-06-29 19:03:45 UTC
20bil sent, please confirm receipt

[u].[/u]
Face of TheOp
Doomheim
#15 - 2013-06-30 00:11:55 UTC
20b received. Expect first interest payment no later than July 29th
Face of TheOp
Doomheim
#16 - 2013-07-21 23:46:12 UTC
Update 2

We are looking to increase this loan by 15b, making it a total of 35b invested. This will again be fully collateralized by Grendell in the form of Capital Component BPOs (total collateral will be 38b based on NPC price). Grendell should have them locked down in the next couple of days, and will post here to confirm. Currently we've an investor, Tonsof Gun, covering 20b of the loan. He will be given first right of refusal to increase his investment by 15b, but in case he wishes not to, we will need a second investor. He has been contacted, and this thread will be updated based on his reply.

Terms are the same as the current loan. 2%/month, with the full amount paid back in 6 months. This loan is set to commence August 1st, and the first interest payment paid out Sept 1st.

Please post here if you've any questions or concerns so they can be answered publicly.
Face of TheOp
Doomheim
#17 - 2013-07-21 23:54:24 UTC
1st interest payment of 400m has been paid out to Tonsof Gun. My schedule is going to be hectic this week, so I figured it best to pay it earlier rather than later.
Dr Kanet
Alpha and Omega Incorporated
#18 - 2013-07-22 04:05:51 UTC
If tonsof doesn't want to fill the extra 15b, I will
Tonsof Gun
Dirty Rats
#19 - 2013-07-22 09:13:22 UTC
Confirming I'm wiling to cover the extra 15bil, once Grendell has confirmed the extra collateral.

[u].[/u]
Grendell
Technologies Unlimited
#20 - 2013-07-22 16:53:16 UTC
Locked down vote was just done on the new bpos. Have fun guys.

◄[♥]►3rd Party Service◄[♥]►

♥ Securing Peace of mind ♥
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