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The Bank of Far -- Closed

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Far Wanderer
ACGM Acquisitions
#21 - 2014-03-15 07:50:57 UTC
Erotica 1 wrote:
I think this is a fabulous idea, and you should open up additional investment.
Thank you for the compliment and the suggestion, Erotica 1. That's very nice of you to say. Big smile

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Raano Thorson
Full Armor of God
#22 - 2014-03-15 12:02:37 UTC
The interest rate is quite feasible without question. The way you are doing the "set aside funds in case the Fit hits the Shan" is kinda cool. And good on you for keeping the investments low. Good to start small and since you are doing it for fun that will prevent the ordeal from becoming a 9-5.

Good luck with the endeavor. And have a blast! I may very well jump in with you at a later time when I am not being invested in myself. I'm not comfortable with being lent money and investing in this form of banking at the same time.
Slemtiger
The Nordic Associates
Insidious.
#23 - 2014-03-15 16:23:20 UTC
Far Wanderer wrote:
PROSPECTUS

Example:
Customer 1 deposits 100,000,000 ISK.
Customer 2 deposits 10,000,000 ISK.
BFAR invests 50,000,000 ISK
The total investment pool is 160,000,000 ISK.

Customer 1 receives 62.5% of any profit.
Customer 2 receives 6.25%.
BFAR receives 31.25%.

A profit of 100,000,000 ISK would be allotted as follows:
62,500,000 ISK to Customer 1
6,250,000,000 ISK to Customer 2
31,250,000 ISK to BFAR



Not a bad payday for customer 2 with his 10m deposit :D
Erotica 1
Krypteia Operations
#24 - 2014-03-16 02:52:33 UTC
I swear I wasn't customer 2.

See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.
Jerome Gouillot
Center for Advanced Studies
Gallente Federation
#25 - 2014-03-16 14:11:10 UTC
Erotica 1 wrote:
I swear I wasn't customer 2.


We all know, otherwise it would have been doubled
Far Wanderer
ACGM Acquisitions
#26 - 2014-03-17 08:20:18 UTC  |  Edited by: Far Wanderer
Slemtiger wrote:
Not a bad payday for customer 2 with his 10m deposit :D
Shocked

EDIT: Thanks for taking the time to read over the Prospectus and for catching my error. I've made an edit to it based on your comment. Big smile

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Setsune Rin
Ministry of War
Amarr Empire
#27 - 2014-03-17 13:08:24 UTC  |  Edited by: Setsune Rin
Far Wanderer wrote:
DEPOSIT INSURANCE
BFAR maintains a separate wallet division with an ISK ballance equal to the sum total of all customer deposits.


since my amazing comments have been removed i will rephrase

credit to elizabeth for coming up with this in the other bank thread that's going through the motions atm.


i would like to deposit with you my wallet balance API


its an incredibly usefull added layer of security and it'll be much easier to withdraw isk that way!
and this means there is no need to increase the balance in your insurance wallet, since it's still sitting there under my control.

in case my liquid isk balance is to much or volatile for your liking i'm sure we can set something up with an alt for balance stability.
RAW23
#28 - 2014-03-17 13:21:17 UTC
Far Wanderer wrote:


DEPOSIT INSURANCE
BFAR maintains a separate wallet division with an ISK ballance equal to the sum total of all customer deposits.
BFAR does not service more accounts than it is capable of insuring with this wallet division.



This means you are running a charity rather than a business and what you are doing has nothing at all to do with being a bank. You are paying people to give you isk and pretend that you are managing it on their behalf. I have nothing against imaginary projects and if you really want to give away the isk you earn to people who aren't contributing then by all means go ahead. However, since you have absolutely no need whatsoever to actually take anyone's isk from them if you just want to give your isk away, your decision to use an imaginary project as a means to get your hands on other peoples' isk looks potentially suspect.

There is absolutely no need to actually take public isk to do the charitable work that you are doing.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
Erotica 1
Krypteia Operations
#29 - 2014-03-17 21:31:18 UTC
Little girls pour tea for their dolls. Are you saying they shouldn't just because there is no need? Have some heart man.

See Bio for isk doubling rules. If you didn't read bio, chances are you funded those who did.
RAW23
#30 - 2014-03-17 21:44:05 UTC
Erotica 1 wrote:
Little girls pour tea for their dolls. Are you saying they shouldn't just because there is no need? Have some heart man.


I'm just saying that there is no need to waste Mummy's expensive Darjeeling or risk her best teapot when the power of imagination is more than able to conjure up these as well.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
Kate 'on
DevonCorp
#31 - 2014-03-17 23:31:21 UTC
I look forward to hearing about how much you scammed at the end of this, or someone in your corp will steal when you get some success
Nedly Stark
ARAZ Engineering
#32 - 2014-03-18 07:04:59 UTC
RAW23 wrote:
Erotica 1 wrote:
Little girls pour tea for their dolls. Are you saying they shouldn't just because there is no need? Have some heart man.


I'm just saying that there is no need to waste Mummy's expensive Darjeeling or risk her best teapot when the power of imagination is more than able to conjure up these as well.


I like that you used the word "Darjeeling". That's some fancy ****.
Far Wanderer
ACGM Acquisitions
#33 - 2014-03-18 07:13:53 UTC  |  Edited by: Far Wanderer
Raano Thorson wrote:
The interest rate is quite feasible without question. The way you are doing the "set aside funds in case the Fit hits the Shan" is kinda cool. And good on you for keeping the investments low. Good to start small and since you are doing it for fun that will prevent the ordeal from becoming a 9-5.
Thank you for recognizing the potential for this to turn into a job.

Having done this kind of thing before, we know how much of a drag it can turn into.

Raano Thorson wrote:
Good luck with the endeavor. And have a blast! I may very well jump in with you at a later time when I am not being invested in myself.
It would be very nice to add you to our list of customers.

There are only two slots remaining, but since they will not be filled for a couple months you will have the opportunity to evaluate your position before deciding to join up or not.

Best of luck to you in your current investment endeavors.

Cool

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Far Wanderer
ACGM Acquisitions
#34 - 2014-03-19 06:19:00 UTC
February 2014 payout:


February ROI: 108,678,211


Participants...........Deposits............Percentage......Distribution
BFAR....................325,000,000......76.47%.............83,106,867
CUSTOMERS......100,000,000.......23.53%.............25,571,344
Sum......................425,000,000......100%................108,678,211


===============

Customer 1: 25,571,344

All other customer accounts: inactive.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Far Wanderer
ACGM Acquisitions
#35 - 2014-04-01 06:35:50 UTC
March 2014 payout:


March ROI: 104,352,282


Participants...........Deposits............Percentage......Distribution
BFAR....................400,000,000......66.67%.............69,568,188
CUSTOMERS......200,000,000.......33.33%.............34,784,094
Sum......................600,000,000......100%................104,352,282


===============

Customer 1: 17,392,047

Customer 2: 17,392,047

All other customer accounts: inactive.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Far Wanderer
ACGM Acquisitions
#36 - 2014-04-02 07:46:52 UTC  |  Edited by: Far Wanderer
Bank of Far News:

  • The Bank of Far is happy to announce the addition of Koniforous to our customer ranks.
  • Our Customer #4 slot is open for reservation requests. If interested, post to this forum thread.
  • First come first served, unless we don't like you, in which case the next person in line will be selected.
  • Account will be activated May 2014 upon receipt of deposit between May 1st and 10th.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Styx Titan
Doomheim
#37 - 2014-04-03 05:41:17 UTC
I would like to take the 4th spot, with full deposit to you in early may (100M)

Please eve mail me with details.

Thanks
Far Wanderer
ACGM Acquisitions
#38 - 2014-04-03 06:14:32 UTC
Bank of Far News:

  • The Bank of Far has elected to open its two remaining customer slots simultaneously at the start of May.
  • Both of these slots have been filled.
  • A sincere thank you to Styx Titan and Artorius Noir for their interest in banking with BFAR, and for their trust.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Far Wanderer
ACGM Acquisitions
#39 - 2014-04-16 06:50:54 UTC  |  Edited by: Far Wanderer
Bank of Far News:

  • The Bank of Far has endorsed TAUTX Bank: Savings & Loan to all capsuleers for their loan needs.
  • Interested capsuleers should visit the TAUTX Bank: Savings & Loan thread on this sub-forum.
  • Our FAQ has been updated to show our revised loan policy, as well as our policy on firing customers.

I really am wasting my breath though, when you can avoid questions from Hexxx and RAW23 like that you must have some seriously devoted investors. --Elizabeth Norn
Yazzinra
Scorpion Ventures
#40 - 2014-04-16 12:16:16 UTC
Seeing as Erotica 1 has endorsed this service, if you ever add a sixth customer, or a spot opens, I have a spare hundred million.