Market Discussions

I believe a 10% interest rate is a lower ROI than a 5% one, because of higher default risk.

(I'm still not stupid enough to lend uncollateralized to anyone not in my alliance unless there's exceptional circumstances)

Dear MD,

I have accepted your advice that the bonds are not likely to be filled without some form of collateral;
Therefore I have provided collateral totalling 3 billion to Thor Nergal who has in turn taken 3 Billion in bonds.

Stay tuned for interest payments which will be recorded in this post. 3.6 billion total in bonds have been issued.


regards

Illegal Spokeswoman

Wait... what ?

Started at a request for 50B
Meandered a bit around there not understanding much of the advice
landed on 25 x 100M for only 2.5B
then... Is it @ 5% or 3% (I lost track and didn't re-read it)
/Still/ Not keen on putting up any collateral after a dozen posts due to: "needing it for trading"
more posts, more same advice
Change of heart -> 3B in non-specified collateral has *already* gone to some guy with less history than yourself without any discussion whatsoever
Random guy who has received non-specified collateral has also put up 3B
9 minutes later random guy confirms receipt of non-specified collateral

Did I miss anything ?

If you strip away two pages and read just the last two posts - Thor has effectively just purchased 3B of random stuff from you, and apparently an additional random 600m has arrived from somewhere else.
... um, congrats on the sale of the whatever it was, may Thor be ever happy with his purchase.


No offence intended for implying you are a sock puppet Thor, I'm sure you are actually a really nice guy who is coincidentally also a real, live, totally different person.

There was never a request for 50b. I'm allowing people to purchase bonds in Illegal Investments.

There was a limit of 200 and they cost 250m each. The price has been lowered to 100m and there is now no limit.

Bonds are purchased and the longer they are held the more isk they generate. The isk is to be used to expand my trading portfolio. (Not sure why so many people miss understood.)

The other 600m is from bond purchases. no, not everyone was negative towards the idea.

Thor and I have done a loan covered by collateral to get me some "loan history".


Hopefully that clears up a few of your questions.

I had this idea to create my own sock puppet; "Rilati McSockpuppet" is what I would have named him... He and I were to have such fun adventures together... He would have acknowledged receipt of 1T in collateral, I would have gone on to plead with MD to just give me ISK - Yeah, it all sounds quite cumbersome - but trust me, when I thought it up it was hilarious!

Your original post has changed more often than the weather, there are so many posts following where you dither about changing other details - there Is really no point keeping it going any longer - no one in their right mind will be handing over ISK following it all.

Fortunately in just 10 hours you can biomass this character, start up a new one and come right back and try another variant on "everyone give me lots of ISK, I promise to give it back later".

So in that theme - advice for tomorrow's brand new you:

* the more effort you put into making it not look like a scam, the more it looks like a scam "12 paragraphs of text does *not* make you seem *more * legit"
* collateral needs to be specified and, now just bear with me here this is the important bit, and it needs to *not* be "transferred" to a sock puppet (several options available of real life people, with a history of working as a 3rd party)
* if you don't have collateral, and don't have a business plan, and can't provide any evidence of */both/* generating ISK and honouring debts - no one in their right mind will give you ISK.
* yes, Eve is full of examples where people make news with elaborate heists, and well crafted schemes that separate fools from their ISK - keep dreaming big, but start small(er)

Ok, final, final post in this thread just in case Thor is really a real live individual person.

The plot holes here are sufficient for a 4 year old to drive a truck through sideways:

• OP wanted money with the 'promise' of giving it back later in order to expand his trading business.
• No collateral could be provided such that it could instead /also/ all be used to expand said trading business.
• Shiny new collateral for 3.1B magically turns up and is handed over in exchange for 3B
OP, instead of using the Bond sale to expand his trading business is now officially instead using it to validate his lack of business understanding:

So...

• OP now owes 90M to Thor in a month (or was it 5% ?)
• OP has now tied up 100M in capital that instead could have been liquidated to achieve his initial stated goal

And, after all of this - Not one bit of the little charade will help reel in any additional investors:

• Unknown 3rd Party, Thor, who isn't a 3rd Party due to having actually exchanged 3B for the Collateral and thus in the imminent default has exactly 0 reason to liquidate the collateral and pass the proceeds through to the other investors.
• Unknown 3rd Party, Thor, whom I have implied is a sock puppet near a half dozen times now - has not objected one single time

Thor, in the tiny, tiny chance you are actually "investing" here, and everything is *exactly* as it has been made out to be - Sell the collateral now, and then pocket the income every month and let the "bond" run forever per the OPs stated request

If only there was a forum section where a person could ask experienced players about how to launch an effective bond.

Hi all,

A little late posting this, however I just thought I would let everyone know that the collateral was returned and the loan amount plus interest was paid in full

Regards
Thor Nergal