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500m bond offering - 13% return, no collateral - first bond! (FULL)

DJ Blackman
Often AFK
#1 - 2011-09-08 07:16:05 UTC  |  Edited by: DJ Blackman
Hello to all - I have been playing eve close to 2 years now and have been practicing with small investments on the market. I believe I have been waiting for a while to get a chance to start a bond and this seems like a decent starting point.Big smile

A little bit about myself and my corp - My entire corp of Often AFK is my 2 mains and alts. All 6 chars are trained in PI, and I am currently running 12 planets in a WH with elite CC for PI which nets me between 700 to 800m a month with this char and another, Colonel Vatutin. My total assets excluding the resources in the WH come to about 1.7 bn at the moment, and that is not counting the monthly income from PI of approx. 700-800m. Most of them are heavily invested in the markets, and since I have been investing seriously since the end of august I have been able to gain a good 30% back on my investments due to heavy market PVP. I started with about 1.18 bn on liquid isk, and is now investing a little over 1.7bn.

This is my first offering, with promise of 13% return at a month's time (by Oct. 7th, 2011 0:00 GMT)
I hope to offer this in 100m increments, so 5 slots are available. Even if I do suffer some low returns on the investments on the market, my monthly PI work can cover total of 565m easily. I cannot offer much in collateral, but I do hope to build up my reputation as an honest and straight forward investor who can be trusted. Cool

Details are as follows:

- 500m total bond value, available in 100m increments. 100,000,000.01 isk bonds will be returned to owners due not following instructions

- 13% return with principle at the end of the cycle on 0:00 AM GMT Oct. 7th, 2011.

- Send ISK to MC Jack - my trader alt in the same corp.

- No collateral, only my trust and yours in making this work.

- Risk of running: Why the hell would I run off in a char with some 10 bucks worth of isk when I invested thirty times that playing eve for 2 years on two accounts? Why would I risk ostracizing and biomassing my chars for this amount? To me, these two accounts are culmination of a series of hard-learned lessons that I hope to expand upon and achieve a notable degree of financial and influential success. But then, it all comes down to mutual trust in investments.

I believe trust is a valuable and most expensive commodity there is in the dog-eat world of eve online, and I hope to earn that trust to expand my business! Btw- chribba is a fine example of trust as an invaluable asset- I do hope I can do the same. In the future with greater amount I will be willing to use his services to secure collaterals, but I wanted to prove with these humble bond offerings that I can be trusted - with or without oversights. I believe this is a risky but sincere manner in which I hope to earn your trust.Big smile

Let the journey beginCool

- Jaxx McCoy 300m isk
- Eran Vartesa 200m isk
-bond full-

- Jaxx McCoy pledges 300m

Edit #2:
- Eran Vartesa pledges 200m, Bonds full.
Jaxx McCoy
#2 - 2011-09-08 09:12:26 UTC
Do you want 5 investors @ 100m each or would you be willing for 1 or 2 people to cover the entire thing?
The PiMan Eatme
Public Haulage And Trade
#3 - 2011-09-08 09:55:22 UTC
Jaxx McCoy wrote:
Do you want 5 investors @ 100m each or would you be willing for 1 or 2 people to cover the entire thing?

Wondering this too, if happy with 1 or 2 investors I'll happily put up half the amount asked.
DJ Blackman
Often AFK
#4 - 2011-09-08 10:33:58 UTC
You are free to buy up as many 100m bonds as you wish - one person can potentially fill all 5 slots. When I said 100m increments, I mean 100m, 200m, 300 and so on. No partial increments, though I may do so in the future.

Jaxx McCoy
#5 - 2011-09-08 10:42:19 UTC
I'll take 300m then, when would you like the ISK sent?
DJ Blackman
Often AFK
#6 - 2011-09-08 10:56:30 UTC
Whenever you are ready to send them over. Send them to MC Jack, my trading alt in the same corp.

Thank you for your patronage. Keep it coming =)
Jaxx McCoy
#7 - 2011-09-08 12:14:35 UTC
Sent, good luck sir! Let us know how your operations are going! Big smile
Caldari Provisions
Caldari State
#8 - 2011-09-08 13:33:45 UTC
What happened to your sale of a C3 wormhole, and your stated plans to sell a char?
DJ Blackman
Often AFK
#9 - 2011-09-08 20:35:53 UTC
@ Zagam:

A series of miscommunications regarding bids and WH availability during early days when I was practicing and trying to make it. My mistake was not checking the forums frequently, and I have mistakenly assumed that buyout prices can be subject to change if better offers are found instead of first-come-first serve. The person was not pleased because someone else offered a better buyout price and I mistakenly thought I had a choice in the matter, which I now realize I did not.

As the edit indicates in that OP of the linked thread, while that series of rebuke and admonishments were going on and I was reeling from my mistakes, the WH was occupied and out the window went my plans for WH selling =(
It was a bad mistake and series of ignorance on my part that caused that mess, and I have learned from it. I did not receive any payments or services, it's just that I was not fully knowledgeable about the workings of MD at that time.

In terms of selling a char........not sure what u mean? Can you give me a more concrete example?
Esan Vartesa
Samarkand Financial
#10 - 2011-09-08 21:45:36 UTC
Will take the remaining 200m.

Please post here with your trading alt 'MC Jack' to confirm that is indeed the recipient.
MC Jack
Often AFK
#11 - 2011-09-08 22:11:07 UTC
@ Esan:

Thank you for your investment!
Esan Vartesa
Samarkand Financial
#12 - 2011-09-09 01:28:44 UTC
Confirming ISK sent. Good luck, Mr. Blackman.
DJ Blackman
Often AFK
#13 - 2011-09-09 01:47:34 UTC
Confirmed bond full at 500m total isk. Will disperse 565m isk as promised to investors at the designated time. This bond is now full, will update on the progress periodically.
DJ Blackman
Often AFK
#14 - 2011-09-12 03:25:29 UTC
Update: Total market investment is reaching nearly 3bn, roughly about 2.85 bn isk currently in all orders. This is without ISK from PI, which will shortly add around 370mil from 12 days of PI products.

The way I do PI with minimal effort for maximum profit: P1 items in each planet, 6 day cycle with elite CC and 12 extractor heads and two launch pads. Fill the customs with two such cycles and transport them out every 2 weeks or so. They are in a WH.

Things are looking decent, with 20-40% of return in varying degrees in all orders. Investors be assured that your investments are well spent and you will get your money's worth =)

Should this bond end successfully, I am considering upping the bond amount to 1bn or 1.5bn for another month. No collateral yet, but I will start using collaterals with 3rd party services once the bonds reach 5 or 6bn marks.

Any advice, questions are welcome.
Jaxx McCoy
#15 - 2011-09-12 04:01:05 UTC
Thanks for the update, sounds like you're doing well. Keep up the good work. Smile