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[FULL] 1% interest/week | 80% collateralised | Per week payout |
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Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#41 - 2014-07-21 10:49:20 UTC
Elizabeth Norn wrote:
This is basically a 200m per slot uncollateralized loan anyway.



Not totally true. If it would be a 100% collateralized investment, then the interest wouldnt be that high. With 80% collateral, you are right that 200 million is uncollateralized, but overall, the collateralized part makes more interest too.

Looking for uncollateralized and collateralized loans.
CupCake Kittie
Big Pink Fluffly CupCakes
#42 - 2014-07-21 11:45:40 UTC
Kuri Kurvora wrote:
Due to tomorrow's extended downtime, interest has been paid today.

Details:

Investor: CupCake Kittie

Loan amount: 1.000.000.000 Isk
Contract made: 2014.07.15 14:42
Interest: 1% per week
Collateral amount: 80% (800.000.000 ISK)
Collateral format: 1 piece of 30 Day Pilot's License Extension (PLEX)
Payment type: weekly
Interest sent: 2014.07.21. 10:23
Interest amount sent: 10.000.000 ISK
Next payment: Before 2014.07.29 14:42 (Original contract made time calculated)
Next payment amount: 10.000.000 ISK
Deal ends: 2014.08.12 14:42
Deal duration: 4 weeks (3 weeks left)

Investor: Super Nashwan Power

Loan amount: 3.000.000.000 Isk
Contract made: 2014.07.15 16:43
Interest: 1% per week
Collateral amount: 80% (2.400.000.000 ISK)
Collateral format: 3 piece of 30 Day Pilot's License Extension (PLEX)
Payment type: weekly
Interest sent: 2014.07.21. 10:27
Interest amount sent: 30.000.000 ISK
Next payment: Before 2014.07.29 16:43 (Original contract made time calculated)
Next payment amount: 30.000.000 ISK
Deal ends: 2014.07.29 16:43
Deal duration: 2 weeks (1 week left)

Thank you for the business.


Received ty.
Super Nashwan Power
Bring Me Sunshine
In Tea We Trust
#43 - 2014-07-22 07:50:55 UTC
Received, thanks!
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#44 - 2014-07-22 11:32:21 UTC
Due to progress in project, capacity has been raised.

Looking for uncollateralized and collateralized loans.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#45 - 2014-07-23 15:25:28 UTC
Kuri Kurvora wrote:
Due to progress in project, capacity has been raised.
Did you consult your existing investors before increasing the size of your loan?

This significantly increases the risk for them.
Ria Nieyli
Nieyli Enterprises
When Fleets Collide
#46 - 2014-07-23 15:57:14 UTC
Elizabeth Norn wrote:
Ria Nieyli wrote:
Elizabeth Norn wrote:
Ria Nieyli wrote:
Kuri Kurvora wrote:
1. Yes. Long ago.

2. Kind of, but I carefully evaluated the risk. If the price of the PLEX rising, then that money worked for me, if falling, then worked against me, still they will be transited back for exactly 1 billion isk per plex no matter what.

3. Now, 3,2 billion isk works and making profit by the PLEX price, and 4 billion isk works for me also in trade.


So wait, you're valuating this venture at 7.2 billion isk?


That's kind of an odd way to put it, but something that appreciates like PLEX is great as collateral, you end up double dipping with an investment in something long term and actively trading with the same amount of ISK.


It's what he said. Even agreed to it in the post above yours. Thing is, the plex he offered up as a collateral are appreciating exactly nothing for him at the moment, since he'll have to dump 4.08b on the investors if he wants them back at the end of the minimum two-week period outlined in his initial post.


PLEX is appreciating nothing at the moment? That's news to me. This is basically a 200m per slot uncollateralized loan anyway.


No, his plexies specifically, because he has to pay 4b+ to regain them.
CupCake Kittie
Big Pink Fluffly CupCakes
#47 - 2014-07-23 17:10:27 UTC
Bad Bobby wrote:
Kuri Kurvora wrote:
Due to progress in project, capacity has been raised.
Did you consult your existing investors before increasing the size of your loan?

This significantly increases the risk for them.


I am unaware of this change.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#48 - 2014-07-23 17:51:44 UTC
Bad Bobby wrote:
Kuri Kurvora wrote:
Due to progress in project, capacity has been raised.
Did you consult your existing investors before increasing the size of your loan?

This significantly increases the risk for them.




Please tell me why does it increase the risk.

Looking for uncollateralized and collateralized loans.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#49 - 2014-07-23 17:52:38 UTC
CupCake Kittie wrote:
Bad Bobby wrote:
Kuri Kurvora wrote:
Due to progress in project, capacity has been raised.
Did you consult your existing investors before increasing the size of your loan?

This significantly increases the risk for them.


I am unaware of this change.



It was stated that expansion is planned according to the project cap but I apologise for it, and won't expand it without speaking the topic with you before.

Looking for uncollateralized and collateralized loans.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#50 - 2014-07-23 18:26:26 UTC
Kuri Kurvora wrote:
Bad Bobby wrote:
Kuri Kurvora wrote:
Due to progress in project, capacity has been raised.
Did you consult your existing investors before increasing the size of your loan?

This significantly increases the risk for them.




Please tell me why does it increase the risk.

Because now there is more for you to steal.

The risk that you would run with 800m was small, the risk that you would run with more gets considerably larger.

If these investors don't have the option to respond to the changes in security in the bond, then you can leverage them for credibility at the same time as you still hold their isk. In most cases in MD, people are expected to pay back one loan, before using it to leverage the next.
Kuri Kurvora
Deep Core Mining Inc.
Caldari State
#51 - 2014-07-23 20:50:32 UTC  |  Edited by: Kuri Kurvora
Bad Bobby wrote:
Kuri Kurvora wrote:
Bad Bobby wrote:
Kuri Kurvora wrote:
Due to progress in project, capacity has been raised.
Did you consult your existing investors before increasing the size of your loan?

This significantly increases the risk for them.




Please tell me why does it increase the risk.

Because now there is more for you to steal.

The risk that you would run with 800m was small, the risk that you would run with more gets considerably larger.

If these investors don't have the option to respond to the changes in security in the bond, then you can leverage them for credibility at the same time as you still hold their isk. In most cases in MD, people are expected to pay back one loan, before using it to leverage the next.



I understand your description, and now I see why it raises the risk involved for investors. (only considered the individual risks, not the size, but the chance of it raising by this)

Sorry for the sudden capacity raise, considering Bad Bobby's explanation I decided not to expand the project yet, but after it was run successful till the end.

Thank you for you help Bad Bobby.

Looking for uncollateralized and collateralized loans.
CupCake Kittie
Big Pink Fluffly CupCakes
#52 - 2014-07-29 18:15:44 UTC  |  Edited by: CupCake Kittie
Nvm waiting on reply..
Kendra Coldera
Pandemic Horde Inc.
Pandemic Horde
#53 - 2014-07-30 09:46:23 UTC  |  Edited by: Kendra Coldera
Kuri Kurvora wrote:

It is to prove I can make reasonable profits.

Please let me ask you a question.

Will it prove something if the deals with the investors (this four billion isk) will be successful?


Dude it's because someone able to turn a decent profit with 5b capital can not necessarily do the same with 50b.

By the way: There is no way to proove your legitimacy that you actually own 100b or similar unless you finally get that audit done. Otherwise this smells rep-building-scheme all over.
CupCake Kittie
Big Pink Fluffly CupCakes
#54 - 2014-07-30 10:47:47 UTC
Kendra Coldera wrote:
Kuri Kurvora wrote:

It is to prove I can make reasonable profits.

Please let me ask you a question.

Will it prove something if the deals with the investors (this four billion isk) will be successful?


Dude it's because someone able to turn a decent profit with 5b capital can not necessarily do the same with 50b.

By the way: There is no way to proove your legitimacy that you actually own 100b or similar unless you finally get that audit done. Otherwise this smells rep-building-scheme all over.


Cracks are starting to show

and as other loan seems to be getting all the attention

with mogul showing a nose dive in resent days
also the mail i received from Kuri Kurvora asking for further funding.
with Missed interest payment.
and no reply to mail

i feel this loan is about to be forfeited

please take this as 24 hours notice to forfeit this loan and cash in collateral. i make a loss but i feel with no reply and the way things seem to be going it is my duty to post all this on here.
Elizabeth Norn
Nornir Research
Nornir Empire
#55 - 2014-07-30 11:03:48 UTC
Kendra Coldera
Pandemic Horde Inc.
Pandemic Horde
#56 - 2014-07-30 11:06:30 UTC
CupCake Kittie wrote:


Cracks are starting to show

and as other loan seems to be getting all the attention

with mogul showing a nose dive in resent days
also the mail i received from Kuri Kurvora asking for further funding.
with Missed interest payment.
and no reply to mail

i feel this loan is about to be forfeited

please take this as 24 hours notice to forfeit this loan and cash in collateral. i make a loss but i feel with no reply and the way things seem to be going it is my duty to post all this on here.


Well, there can always be more important things but given the rapidity of postings so far it is indeed an odd timing. Though I guess after some second thoughts of the op he will come up with a good explanation because scamming 800m or so is indeed lolzworthy.
CupCake Kittie
Big Pink Fluffly CupCakes
#57 - 2014-07-30 11:12:31 UTC
Kendra Coldera wrote:
CupCake Kittie wrote:


Cracks are starting to show

and as other loan seems to be getting all the attention

with mogul showing a nose dive in resent days
also the mail i received from Kuri Kurvora asking for further funding.
with Missed interest payment.
and no reply to mail

i feel this loan is about to be forfeited

please take this as 24 hours notice to forfeit this loan and cash in collateral. i make a loss but i feel with no reply and the way things seem to be going it is my duty to post all this on here.


Well, there can always be more important things but given the rapidity of postings so far it is indeed an odd timing. Though I guess after some second thoughts of the op he will come up with a good explanation because scamming 800m or so is indeed lolzworthy.


yes there can always be a very good explanation to all this and i do hope this is the case, But with the mail i received from him asking for more and his absence i feel 24 hours to clear this up is more than enough.
CupCake Kittie
Big Pink Fluffly CupCakes
#58 - 2014-07-30 12:03:03 UTC
Also with his other loans running along side he would be in for alot more than 800mill :/
Kendra Coldera
Pandemic Horde Inc.
Pandemic Horde
#59 - 2014-07-30 13:15:20 UTC
Ahh I see, 2.9b in total it is then.
CupCake Kittie
Big Pink Fluffly CupCakes
#60 - 2014-07-31 16:02:31 UTC
Forfeited !!


Collateral has been liquidated