These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
 

[LOAN] 2B - 2.5% Weekly for 1 Month - SEEKING INVESTORS
Author
Previous Topic Next Topic
Abidal Trekt
Caldari Provisions
Caldari State
#1 - 2013-10-12 04:43:03 UTC  |  Edited by: Abidal Trekt
Hello all,

Simple loan to bolster my market reach as I enter a new period of trading activity. Bond will mature and pay out 2.5% interest weekly and principal after 1 month.

Past loan:
https://forums.eveonline.com/default.aspx?g=posts&m=3539431#post3539431

Past investors:
I LIKE IT
joffre lannister

Personal Profile:
Business: Regional Trading
NAV: 40B
Main character: Zachary Flint
Corp Status: NPC

Summary of Loan:
Interest Rate: 2.5% on Principal Weekly. Principal repaid after 4 weeks.
Min Investment: 250M
Uncollateralized

Eve-Mail, reply in thread, AMA.

Sincerely,
Abidal Trekt
Logical Chaos
Very Italian People
The Initiative.
#2 - 2013-10-12 10:51:44 UTC
In before 4% is WAY too low for an uncollateralized loan. Unless that 4% is weekly obviously.

Also, if your NAV is 40b, how will 4b help much? You should easily make 4b by yourself from it unless your return sucks in which case 4b probably also won't help a lot.

You supposedly doubled your NAV from 18b to 40b in 2.5 months and yet request a loan of merely 10% of your supposed NAV.

To me this smells like some kind of loan reputation building business.
I LIKE IT
HIGH RISK INVESTMENT
#3 - 2013-10-12 10:58:02 UTC
Abidal Trekt wrote:
4%

DO NUMBERS EVEN GO THAT LOW?
flakeys
Doomheim
#4 - 2013-10-12 13:29:14 UTC
Logical Chaos wrote:
In before 4% is WAY too low for an uncollateralized loan. Unless that 4% is weekly obviously.

Also, if your NAV is 40b, how will 4b help much? You should easily make 4b by yourself from it unless your return sucks in which case 4b probably also won't help a lot.

You supposedly doubled your NAV from 18b to 40b in 2.5 months and yet request a loan of merely 10% of your supposed NAV.

To me this smells like some kind of loan reputation building business.


Uhm no he is actually asking for a 2B loan so that would be 5% ... wich strengthens your statement more btw Blink

We are all born ignorant, but one must work hard to remain stupid.
flakeys
Doomheim
#5 - 2013-10-12 13:30:54 UTC


Doubling the loan amount , more then halving the interest btw .


We are all born ignorant, but one must work hard to remain stupid.
Abidal Trekt
Caldari Provisions
Caldari State
#6 - 2013-10-12 16:36:21 UTC
Logical Chaos wrote:

To me this smells like some kind of loan reputation building business.


That is exactly what this is.

I have heard your responses and will revert the amounts of the loan back to my previous amount of 2.5% weekly.

Sincerely,
Abidal Trekt
Vera Algaert
Republic University
Minmatar Republic
#7 - 2013-10-12 17:04:06 UTC  |  Edited by: Vera Algaert
Abidal Trekt wrote:
Logical Chaos wrote:

To me this smells like some kind of loan reputation building business.


That is exactly what this is.

I have heard your responses and will revert the amounts of the loan back to my previous amount of 2.5% weekly.

Sincerely,
Abidal Trekt

I blame the US practice of forcing customers to "build a credit history" (by taking out high interest credit card loans) for putting these weird ideas into people's heads. To the rest of the world it is obvious that they are just getting shafted by their banks, but they really end up with the impression that this is a viable way of managing loan risks.

.
Tigerras
Smash Incorporated
#8 - 2013-10-12 17:18:10 UTC
Vera Algaert wrote:
Abidal Trekt wrote:
Logical Chaos wrote:

To me this smells like some kind of loan reputation building business.


That is exactly what this is.

I have heard your responses and will revert the amounts of the loan back to my previous amount of 2.5% weekly.

Sincerely,
Abidal Trekt

I blame the US practice of forcing customers to "build a credit history" (by taking out high interest credit card loans) for putting these weird ideas into people's heads. To the rest of the world it is obvious that they are just getting shafted by their banks, but they really end up with the impression that this is a viable way of managing loan risks.


Difference is that it is very hard to disappear without a trace to your creditors in real life. In real life they can also repossess goods, sue you or break your legs if you dont pay them back. That is the Difference
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#9 - 2013-10-12 17:19:16 UTC
It's kind of like the ISK doubling scam. "Yeah, he doubled 1M ISK for me, I should definitely send him a billion!"