Market Discussions

Contents
1. Loan Terms & Conditions
2. Explanation of Terms & Conditions
3. Loan Purpose
4. Loan Risks
5. Exit Strategy
6. Investor Information
7. Investor List
8. Previous Completed Loans
9. Previous Investors

---

1. Loan Terms & Conditions

Total Loan Size: 40B (40 Billion)
Rate: 10%
Collateral: None
Start Date: 03 Nov 2014*
End Date: 03 Feb, 2014*
*Dates may change according to ISK receipt date

2. Explanation of Terms & Conditions

40B ISK Loan with 10% interest paid per month.

No collateral: It simply is not feasible for me to provide a sizable portion of the principle without seriously disrupting my trading and, therefore, this is something that I will not be offering.

Interest: Will be paid at the end of the term within 24 hours of the end date.

Pull-Out: If you wish to pull-out then the interest earned will be calculated on a daily basis and you will not receieve the full 10%. You must give 48 hours notice.

3. Loan Purpose

Expanding into 2 new market hubs - Amarr & Rens - Capital will be used for escrow

4. Loan Risks

Wardec: I will not be leaving the station to do anything.
Public courier contracts are used to move any items.

5. Exit Strategy

If anything was to go wrong then all buy orders will be cancelled and sell orders will be priority. All principal and the current months interest will be given.

6. Investor Information

Investors may invest as much as they want, but with a minimum investment of 1B.
Public investors please post here and declare your interest. Any silent investors please contact me via eve-mail

7. Investor List
flakeys - 40B *Reserved

---

8. Previous Completed Loans:

✔ 28B @ 10%
✔ 12B @ 10% - 30 Days
✔ 8B @ 10% - 30 Days
✔ 4B @ 10% - 30 Days
✔ 2B @ 10% - 30 Days
✔ 2B @ 10% - 30 Days
✔ 1B @ 10% - 30 Days
✔ 1B @ 10% - 30 Days
✔ 1B @ 10% - 30 Days
✔ 1B @ 15% - 1 Month

9. Previous Investors

• flakeys
• Philadelphia lawyer
• Pinnel
• Kraillach
• Michelle P1H9A8N1
• okoolos rimmer
• I Was There
• Plato Idari

40 B transfered

I think you two make a wonderful couple.

I guess with these new infinite skill queues, you may never have to log in again.

If only you could spend all that ISK through the forums somehow.

I hope this is just a typo. Otherwise Flakeys may be in for a hurting.

I've given away around half of my isk over the last months and everything i 'aquire' through loans directly goes to friends too BB . I'm still around for the chat/nostalgia but haven't actually played for the last 4 months or so and don't intend to at all , but who knows i have plexsubbed till 2020 for skilltraining purpose .
So allthough a 40 B loss still is a 40 B loss it's not something i give more then a 'shrug' about these days.It allready amazed me that it took over 3 years before i had a default , the last one was the 'anti-goon yih 'scam or whatever chinese name he had just before they lost all their sov in the south .I think that's even longer then 3 years but unsure and can't be arsed to have a look.

I was more annoyed getting kicked out of division 4 in FIFA15 this week all the way back to division 6 then this loss , or any eve loss for that matter as i still have around 200B in uncollateralised loans running.Even with a 5-3-2 setup my defense still got walked over and worst part is when they got their mic open and you can hear a 10 year old kid go crazy because he scored his 6th goal of the match while i couldn't get one behind the net .

My wife is having a hard time trying not to laugh out too loud when i'm cursing and screaming at my 'players' for not responding how i intended them too.I mean , come on , we all know it's allways the AI's fault .... right? ... .

Short answer is impossible.


I have given so many loans ingame that are not recorded unlike on MD and of wich i have no notes.Usually i just write it down on my notepad for example :' VV loan 50 B start 5/6 end 5/9 6 % interest' , and i add nothing more to it.The moment the loan is repaid i just erase it.I've never been fond of 'keeping my books ' on loans.

I can say for a fact that i have gained FAR more then i lost with my loans so far .Take this default and cut off the interests i gained from previous loans with waffle and you come to a total loss of around 10 to 15 B for example. But that would also give a wrong impression to how safe it is to invest in unsecured loans.I have allways been clear that when i invest i usually do it based on a small percent research and a high percent guttfeeling wich basically comes down to 'do you feel Lucky punk?' .

There is no way to have any % certainty about a repayment , regardless how big or small the loan is and if it is to a complete stranger or someone you view as a friend.My best example of that is Raw23 , even after he repaid me multiple times and at a certain point had around 100 B unsecured from me i still couldn't put a % on it how sure i was that i would get repaid.And that should tell you a lot because as you know i started viewing Raw23 more as a friend then a loaner pretty soon in our 'relationship'.


I believe i had around 5 at least to 10 defaults at most in my investments of wich this one was by far the biggest one.As said above , take off the accumulated interest and it's a 10 to 15 B loss so my estimate is i lost less in all my investments then i gained out of interests from my loans to Raw23 alone.So at the verry least all the rest is profits.

But meh statistics , investing is just another form of pvp .Win some loose some and if you can't handle loosing you shouldn't be doing it in the first place , regardless of what any statisticssheet might tell you .