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[Loan #2] 500 million ISK / 1 month / 12% interest
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Niloc Tankian
Sebiestor Tribe
Minmatar Republic
#1 - 2012-01-05 19:55:10 UTC
Hello,

About a month ago I came here to MD in search of a loan to jump start my trading, this was an uphill battle considering I was a new toon, a new trader and had no one to vouch for me. Luckily I was able to get a small 100 million ISK loan from a client that went through exactly as discussed, interest and the original loan was paid out when agreed and both parties left satisfied. The thread is here with proof of receipt posted at the bottom. : https://forums.eveonline.com/default.aspx?g=posts&find=unread&t=41222

I am now looking for a larger loan, 500 million ISK at 12% return to be paid off in a month, in order to hopefully kick my trading up to that next level. A month ago I started with my 50 million ISK primer from liquidating all stock, and now I have approximately 2.7-2.8 billion the last I checked. Of course this may be a scam, but I am hoping my past loan and the smaller amount of the loan could interest a party or two.

If you are interested either leave a reply in this thread or toss me a convo in game, I'll be on most of the day, thank you for reading!
General Mic
Caldari Provisions
Caldari State
#2 - 2012-01-06 01:08:23 UTC
I would like to finance the whole bond.
Niloc Tankian
Sebiestor Tribe
Minmatar Republic
#3 - 2012-01-06 01:10:53 UTC
Sounds good. I'll contact you in game to discuss it further.
Mu-Shi Ai
Hosono House
#4 - 2012-01-06 02:28:18 UTC  |  Edited by: Mu-Shi Ai
Really interesting how this gets bumped right back up to the top, with a convenient post ...

"Laserak" wrote:
...I'll loan to him again, and perhaps this can give him a little bit of credit for any future loans he may need.


...tacked onto the end, right before you come around asking for a larger investment.

The real question is, why do you need a 500m ISK loan if you now have 3-ish billion ISK working for you right now? It sounds like you're doing well with your business. Keep doing it. You don't need another loan.

Cue, of course, the "A new opportunity just arose (out of nowhere, exactly 1 month after my first bond finished)!" explanation.

Seriously. Obvious rep grind is obvious.
Niloc Tankian
Sebiestor Tribe
Minmatar Republic
#5 - 2012-01-06 02:40:05 UTC
No new opportunity, just want more ISK to trade with, simple as that. Every bond or loan just seems to be a rep grind on this forum huh?

I asked Laserak to note on the last loan that it went through as planned because I decided to turn to MD for a larger capital to trade with. That just happened to be today, and I made the thread shortly after.

And I guess in ways this is a rep grind, I need some credibility to take loans out of higher and higher amounts, I thought that was just the norm after reading market discussions. You can't hop into a 5 billion isk loan right out of the gate now can I?

Sorry that this post wasn't to your liking.
Niloc Tankian
Sebiestor Tribe
Minmatar Republic
#6 - 2012-01-06 03:50:15 UTC
Received 500 million ISK from General Mic confirmed. Bond starts today. January 5th, 2012.
Mu-Shi Ai
Hosono House
#7 - 2012-01-06 04:50:06 UTC
Niloc Tankian wrote:
And I guess in ways this is a rep grind, I need some credibility to take loans out of higher and higher amounts, I thought that was just the norm after reading market discussions. You can't hop into a 5 billion isk loan right out of the gate now can I?


It used to be an unflattering designation around here. The reason being that somebody who makes a public show of rolling over bigger and bigger bonds in order to "build trust," and not because they actually require the capital in question, is probably thinking of running off once he hits a certain point. I guess you know times are changing when people overtly embrace being thought of as rep grinders.
Niloc Tankian
Sebiestor Tribe
Minmatar Republic
#8 - 2012-01-06 05:15:52 UTC  |  Edited by: Niloc Tankian
Mu-Shi Ai wrote:
Niloc Tankian wrote:
And I guess in ways this is a rep grind, I need some credibility to take loans out of higher and higher amounts, I thought that was just the norm after reading market discussions. You can't hop into a 5 billion isk loan right out of the gate now can I?


It used to be an unflattering designation around here. The reason being that somebody who makes a public show of rolling over bigger and bigger bonds in order to "build trust," and not because they actually require the capital in question, is probably thinking of running off once he hits a certain point. I guess you know times are changing when people overtly embrace being thought of as rep grinders.


I don't seem to understand. If you don't have any credibility, how will anyone loan you any amount of ISK?

The 150 billion ISK bond on the front page, I bet that guy had no reputation on this forums as being a trustworthy individual. It's ridiculous, if you think that for me, you must be narrow-minded enough to think that of anyone who has displayed that a past bond has been successful.

EDIT: Whaddya know. I look in that thread, and there you are, "Obviously a rep grind hurr durr".
Mu-Shi Ai
Hosono House
#9 - 2012-01-06 05:28:00 UTC
Niloc Tankian wrote:
Mu-Shi Ai wrote:
Niloc Tankian wrote:
And I guess in ways this is a rep grind, I need some credibility to take loans out of higher and higher amounts, I thought that was just the norm after reading market discussions. You can't hop into a 5 billion isk loan right out of the gate now can I?


It used to be an unflattering designation around here. The reason being that somebody who makes a public show of rolling over bigger and bigger bonds in order to "build trust," and not because they actually require the capital in question, is probably thinking of running off once he hits a certain point. I guess you know times are changing when people overtly embrace being thought of as rep grinders.


I don't seem to understand. If you don't have any credibility, how will anyone loan you any amount of ISK?

The 150 billion ISK bond on the front page, I bet that guy had no reputation on this forums as being a trustworthy individual. It's ridiculous, if you think that for me, you must be narrow-minded enough to think that of anyone who has displayed that a past bond has been successful.

EDIT: Whaddya know. I look in that thread, and there you are, "Obviously a rep grind hurr durr".


Well, it's pretty obvious we're dealing with a rep grinder when the bonds are run in quick succession (the "grind" part) seemingly with the intention of building up a reputation (the "rep" part). in other words, not because the capital is actually needed for much of anything.

And yeah, when somebody comes around asking for a loan "just because," that does strike me as a little bit suspicious. If, in the space of a week, you can't churn the 500m ISK you apparently "need" out of the 3bn ISK you have at your disposal then why would anybody want to loan you the 500m you're asking for? And if you could make that 500m ISK within a week, why would you need the loan?
Niloc Tankian
Sebiestor Tribe
Minmatar Republic
#10 - 2012-01-06 05:30:52 UTC
Mu-Shi Ai wrote:
Niloc Tankian wrote:
Mu-Shi Ai wrote:
Niloc Tankian wrote:
And I guess in ways this is a rep grind, I need some credibility to take loans out of higher and higher amounts, I thought that was just the norm after reading market discussions. You can't hop into a 5 billion isk loan right out of the gate now can I?


It used to be an unflattering designation around here. The reason being that somebody who makes a public show of rolling over bigger and bigger bonds in order to "build trust," and not because they actually require the capital in question, is probably thinking of running off once he hits a certain point. I guess you know times are changing when people overtly embrace being thought of as rep grinders.


I don't seem to understand. If you don't have any credibility, how will anyone loan you any amount of ISK?

The 150 billion ISK bond on the front page, I bet that guy had no reputation on this forums as being a trustworthy individual. It's ridiculous, if you think that for me, you must be narrow-minded enough to think that of anyone who has displayed that a past bond has been successful.

EDIT: Whaddya know. I look in that thread, and there you are, "Obviously a rep grind hurr durr".


Well, it's pretty obvious we're dealing with a rep grinder when the bonds are run in quick succession (the "grind" part) seemingly with the intention of building up a reputation (the "rep" part). in other words, not because the capital is actually needed for much of anything.

And yeah, when somebody comes around asking for a loan "just because," that does strike me as a little bit suspicious. If, in the space of a week, you can't churn the 500m ISK you apparently "need" out of the 3bn ISK you have at your disposal then why would anybody want to loan you the 500m you're asking for? And if you could make that 500m ISK within a week, why would you need the loan?


I just want more capital to trade with, I figure if I ever needed a big loan to fund something I'd need at least some prior history/experience with bonds on the forum. I don't need it, I stated I just wanted to take my trading up a step. Maybe find a pilot who would be willing to fund my further endeavors. I apologize if I came off as suspicious. It's weird actually, I'm getting more flak for this bond then my last one where I had no prior history and was just a fresh trader.
Mu-Shi Ai
Hosono House
#11 - 2012-01-06 05:42:14 UTC
Niloc Tankian wrote:
I just want more capital to trade with, I figure if I ever needed a big loan to fund something I'd need at least some prior history/experience with bonds on the forum. I don't need it, I stated I just wanted to take my trading up a step. Maybe find a pilot who would be willing to fund my further endeavors. I apologize if I came off as suspicious. It's weird actually, I'm getting more flak for this bond then my last one where I had no prior history and was just a fresh trader.


I'm just saying ... if, one month from now, you're suddenly looking for 1bn ISK, and then 5bn, 10bn, etc. that's going to look mighty shady. You got your 100m ISK as an unknown because it's not that much money and the person who lent it to you probably wouldn't care if he lost it.
Dolan Redfish
Garoun Investment Bank
Gallente Federation
#12 - 2012-01-06 13:01:26 UTC
Someone should start a credit rating company.