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Bond 5b - 2% monthly - Collateralized [In Progress]
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PJ Johnes
Virgo Industries
#1 - 2015-09-29 16:06:43 UTC  |  Edited by: PJ Johnes
Hello!

Im looking to expand my trading operations and are thus in need of more cash, which is the reason to why im opening this bond.
Starting time will be from when i've secured investors (earliest 1st of october) and continue minimum of 2 months with probable possibility to extend. Interest will be paid 2% monthly for the duration of the bond.

The bond will be split into 5 parts of 1b each to make it easier to manage.


ArrowCollateral
Collateral will be in form of 60 Geckos, held by Raw23.

ArrowCurrent Investors
Bad Bobby - 5b

Please reply to this thread or message me in-game if you're interested or have any questions. Thanks for your time
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#2 - 2015-09-29 16:35:52 UTC
I'll fill this when RAW23 confirms collateral.
RAW23
#3 - 2015-09-30 12:04:13 UTC
Collateral received.

Since there is only one investor, in the event of default I'll just hand the Geckos over. I'll consider the bond defaulted on if a payment is more than a week late and there has been no contact with PJ.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#4 - 2015-09-30 12:38:27 UTC
5B sent to RAW23.
RAW23
#5 - 2015-09-30 13:25:50 UTC
5 bil sent to PJ.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.
PJ Johnes
Virgo Industries
#6 - 2015-09-30 15:29:31 UTC
Confirming i have recieved the ISK from RAW23.
Expect first interest payment 30th of October, cheers :)
Lando Antilles
#7 - 2015-10-03 03:18:00 UTC
that was fast.

no time for anyone else to even beg for scraps.

have fun all.
PJ Johnes
Virgo Industries
#8 - 2015-11-01 20:11:50 UTC
Interest payment has been sent to Bad bobby with a little extra for late payment.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#9 - 2015-11-02 05:26:29 UTC
Confirmed!
PJ Johnes
Virgo Industries
#10 - 2015-11-30 22:13:29 UTC
Interest payment has been sent to Bad Bobby.
Contract for return of investment in exchange of collateral has been sent to Raw23.
awaiting confirmation.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#11 - 2015-12-01 17:29:59 UTC
PJ Johnes wrote:
Interest payment has been sent to Bad Bobby.

Confirmed!
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#12 - 2015-12-03 15:01:51 UTC
RAW23 has returned my isk. Thanks everyone!
RAW23
#13 - 2015-12-03 15:40:47 UTC
Bad Bobby wrote:
RAW23 has returned my isk. Thanks everyone!


Beat me to it! Isk and collateral each sent to their respective owners. Apologies for the delays on this but I've had my hands full with a sick kid the last week or so and forgot to check MD or RAW's mails.

It may be worth noting for future reference that due to a decline in the value of the collateral this bond was under-collateralised by the end to the tune of about 10%.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.