Market Discussions

Update: The initial 4 billion isk bond was a big success. Profit have been consistently strong. However, I feel there is still more room for market expansion, so I am requesting another 4 billion in bonds. Terms will be the same as for the first offering. Contact me if you are interested.



Hello Market Discussion,
I am Tear Jar. I am an inter-regional trader. I do not claim to be a market genius, or to have invented some amazing way to triple my isk, as some others do here in MD. My methods produce consistent results, buying particular items in Jita. Then sell them off in another market hub. I have steadily increased my income as I have trained up my skills and I have increased my net worth at a fairly steady pace, but find myself hitting limitations on free capital. Hence this bond offering.


Bond Details
- 4 Billion ISK total requested
- 1 month offering, closing on 2/13/14, 10% interest payed out on the 13th of each month.
- Option for investors to roll over investment into the next month.
- Increments of 100 million isk please.
- Cash out available at any time with 24 hours notice, cash out will be paid prorated interest rate for the time invested.
- I reserve the right to close the bond with at least 24 hours notice to all investors, returning all invested isk and interest earned.

Why a Bond?

I have been running into free capital problems for a few weeks. I was hesitated to come to the MD community for a bond. I have seen people get flamed when asking for a bond, and while I hope to fill this bond, I will not get into a forum argument over it. Constructive criticism is always welcome! I am hoping to expand my trading to an additional hub. I have about 30 free market slots and could quickly train more if needed. I did try to expand to another hub a few weeks ago. However, I could not reliably keep that one supplied do to money constraints, so I went back to just one hub. This infusion of capital should allow me to reliably start stocking a second hub.

Where is Your Collateral (and other security concerns):
My collateral is tied up in the market. It would be counterproductive to expanding my trade to offer this. I know it is a risk to come to MD looking for an uncollateralized bond offering. I have thought of a few ways to combat this:

- I am happy to share a limited API for JohnathanGalt and Lord Azori with any potential investor with concerns. This will show skills and assets that should at least prove I have been actively trading and I have sufficient assets to repay if needed.
-I have considered submitting to an audit with Vaerah Vahrokha, and while her price is not unreasonable for the service provided, it cuts into the profits that would be generated by the additional capital a bit much for my tastes.
-I currently have the NAV to pay this back if needed, just by liquidating everything on my market character. However, as I am not doing anything in the market that is super risky, I cannot imagine it coming to this.
-I use Red Frog Freight to move almost all of my freight, mitigating the risk of a hauling gank.
-All investors will receive biweekly updates, with screenshots from EVEPROFIT as evidence of work put in.

Please feel free to EVEmail me any questions or concerns, as this is the best way to reach me because I can check it constantly. Also please feel free to post in this thread if you wish to invest, with the amount you wish to invest, or with any questions. I look forward to working with all of you.

Investor List

Kayla Arakal-500 million
Ralissindal-400 million
Arancar Australis-1 billion
Halastar Sayashi-2 billion

Refunded Principal Requests

Based on how this bond has gone, my recommendation is to invest no isk towards it, as no returns have been forthcoming from the original offering




Hello TJ,

I would be looking at investing 1 billion isk, but have limited access to log in to the game to send until saturday of this week. What timeframe are you looking for the receipt of the Isk?

If sending the Isk on Saturday is fine by yourself, please lock me in for 1 billion.

Cheers,

AA

If you used a recognised Chribba style intermiediary service I would be interested in this.
Unfortunately parting with 4bn isk on trust alone is hard.

I am comfortable using an intermediary so long as the fee does not eat into the loan too much. If you give me the details(how much you want to loan and how exactly you want the transaction performed), I will contact intermediates and get a quote within 24 hours. Feel free to contact me either on the forums or in game.

Additionally, if the amount is what concerns you, I am accepting bonds in increments of 100 million. You can always increase it later if you are happy with my results.

I'm game. If you're worrying about audits and stuff, you could register at EVE-mogul.com . It'll allow you to link 'profit reports' that'll show the profit you've made per day over the last weeks. This is easier than the API stuff, and it doesn't ruin any secrets you have in your API (if you have any).

The Little Urban Achievers Foundation will cover 2b of this loan, although is needed. I'll confirm my commitment, when I've had a look at the API.

I am currently at work on my phone. I want to verify some of the information you requested before answering. That information is on my home computer. I promise to answer your questions tonight when I get home.

I will take 1B isk worth once I have checked over your limited api.

1) My current NAV is approximately 4.8 billion isk. Its enough that my current trade hub is hitting diminishing returns, but not enough to stock a second trade hub.

2) I have been trading for a month and a half.

3) I spend 30 million in the last month. As long as I am able to ship large isk values, their fees are quite reasonable.

I answer your last question in the previous post.

I'm a little confused. You say in the OP that you are happy to share a limited API with potential investors but now that you're being asked for it you're no longer happy to do so?






Thanks for the other answers though.

Edit - Whilst aiming to keep your trade secrets secure is laudable it is also a bit of a canard when it comes to investment. With small offerings like this it is highly unlikely that anyone who has spare billions to invest is going to learn much from your data. Now, if you had a single item that could bring in 10 bil a month with little effort, then sure, that would be well worth protecting but if you have a pretty standard spread of regional arbitrage goods, which is what you make it sound like in the OP, then no one is likely to either need or want to steal that info since other small inter-regional traders who don't already have their own markets and knowledge base are unlikely to be in a position to invest.

I just need to be able to see your skills to prove you have trade skills. Your assets preferable be able to view your wallet so i can see you have been trading or if this is not possible be able to view your previous contracts as you spoke about using red frog for deliveries.

Also being able to see other characters on your accounts I am only interested in there names so i can check no scamming has happened in the past.

You can mail me the limited api and I will check them over and send you the isk by Saturday if everything checks out.