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Bond #3 12bil/10% - NO COLLATERAL - 4 months (OPEN)

Author
Knitram Relik
State War Academy
Caldari State
#1 - 2016-01-03 05:46:55 UTC
Hello again Market Warriors.

My production is steaming along nicely and now is the time to make a move to null. I have a renter alliance all set up and a plan (which I'm willing to discuss privately with any investors). What I need is mo' money.

I'm offering a 4 month long, uncollateralized bond. I'm asking for 12 billion and offering 10% monthly and payback in 4 months. Shares are available for 100 million ISK apiece. (120 shares total)

What if I can't repay? I'm glad you asked. I currently have about 25bil in assets (10/20 BPO's, ships, cash, inventory) and I WILL liquidate whatever I need to to make payments.

What if that's not enough? I will PLEX my account to repay this loan.

Do you have any other outstanding debts? Yes, I do. I currently have a 8bil/8% bond that has two interest payments (Jan. 20 and Feb. 20) as well as the payback (Feb. 20) outstanding.

Do you have any references? Check for yourself:

Bond #1 (Completed)
Bond #2 (In progress)

Any questions? Please ask. Any constructive advice? More than welcome.

All investors get a full wallet API for the duration of the bond.

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln

Jerry T Pepridge
Meta Game Analysis and Investment INC.
#2 - 2016-01-03 06:14:21 UTC
would like pledge 20b

@JerryTPepridge

Knitram Relik
State War Academy
Caldari State
#3 - 2016-01-03 06:39:32 UTC
Jerry T Pepridge wrote:
would like pledge 20b

Now that that is out of the way, any serious offers or feedback would be great.

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln

Jerry T Pepridge
Meta Game Analysis and Investment INC.
#4 - 2016-01-03 06:47:34 UTC
Knitram Relik wrote:
Jerry T Pepridge wrote:
would like pledge 20b

Now that that is out of the way, any serious offers or feedback would be great.


Speaking of serious offers, isn't it time to log your alt in and post Lol

@JerryTPepridge

Cista2
EVE Museum
#5 - 2016-01-03 06:48:55 UTC  |  Edited by: Cista2
An unknown attempting to launch a second concurrent bond is unheard of without it being a a scam, or me in 2009.

My channel: "Signatures" -

Star Killer14
Core World Imperium
#6 - 2016-01-03 12:26:38 UTC
Hello there,

As Cista said above me it is very uncommon for a second uncollateralized bond to be offered this shortly after a bond with no collateral. Basically I suggest either finding a way to get the funds another way, postpone your current plan, make your current plan work with less isk, or be prepared for a lot of questions and even then chances are it will not be filled (based on past observations).

I learned the hard way several years ago, expanding too quickly with bond doesn't end well. I had done a few small bonds and had jumped from 2b on my second bond to 15b on a third. I had a great opportunity but it was too big of a jump, in foresight I agree from an outside perspective. I ended up lowering the amount to 5b, I think, which was enough to still do something just not as efficiently but it got filled and I learned from it as well. The lesson was do not get too greedy too fast, it makes it look like you are running a scam to those on the outside.

If you are determined to continue with your current plans I suggest the following:
1) have your current investor say whether or not he is okay with the expansion and have him post it in the thread.
2) Go into more details, your current post is rather cryptic and useless for an investor, include how much have you made with the current bond, why do you want to go to null over staying in empire space, how will the products be sold (moved back to empire or sold locally or something else, etc.) We are not asking for what you are making exactly but we are asking that you show you have thought about this and that you put some effort into your presentation here.

Also I do not put much faith into someone backing their bonds with the promise of buying PLEX, if you could do it you would and not be here, just my view on it. I also find it somewhat suspicions that this bond has a higher interest amount by 50%, this makes it seem like you want to fill it fast, like scam fast not profit fast, if that makes sense.

I hope that this is helpful for you and the best of luck with your plans.
Knitram Relik
State War Academy
Caldari State
#7 - 2016-01-03 18:53:13 UTC
Star Killer14 wrote:
Hello there,

As Cista said above me it is very uncommon for a second uncollateralized bond to be offered this shortly after a bond with no collateral. Basically I suggest either finding a way to get the funds another way, postpone your current plan, make your current plan work with less isk, or be prepared for a lot of questions and even then chances are it will not be filled (based on past observations).

I learned the hard way several years ago, expanding too quickly with bond doesn't end well. I had done a few small bonds and had jumped from 2b on my second bond to 15b on a third. I had a great opportunity but it was too big of a jump, in foresight I agree from an outside perspective. I ended up lowering the amount to 5b, I think, which was enough to still do something just not as efficiently but it got filled and I learned from it as well. The lesson was do not get too greedy too fast, it makes it look like you are running a scam to those on the outside.

If you are determined to continue with your current plans I suggest the following:
1) have your current investor say whether or not he is okay with the expansion and have him post it in the thread.
2) Go into more details, your current post is rather cryptic and useless for an investor, include how much have you made with the current bond, why do you want to go to null over staying in empire space, how will the products be sold (moved back to empire or sold locally or something else, etc.) We are not asking for what you are making exactly but we are asking that you show you have thought about this and that you put some effort into your presentation here.

Also I do not put much faith into someone backing their bonds with the promise of buying PLEX, if you could do it you would and not be here, just my view on it. I also find it somewhat suspicions that this bond has a higher interest amount by 50%, this makes it seem like you want to fill it fast, like scam fast not profit fast, if that makes sense.

I hope that this is helpful for you and the best of luck with your plans.


Thanks for the feedback. You've made many valid points I didn't consider. Maybe I am making too big of a jump, especially with a bond outstanding.

I'd love to get a green light from my current investor, but I haven't heard a peep form him since he loaned me 8 billion back on Nov. 20. That'd be awesome if I was gonna take the money and run, but not so good for trying to build a solid rep here on MD.

With my current bond I've made about 2.2 billion per month after PLEXing 2 accounts. I'm strictly focused on T1 rig, POS fuel, and faction ship manufacturing. The reason for the move to null is two fold, lower industry index, and higher profit margins for some items. My main reason for this bond is real simple, I need a JF. The rest of the ISK would be funneled into manufacturing.

The higher interest rate is because the bond amount is higher, I thought that was a fair thing to do. I'm really trying to build a name for myself as an honest person, but being Eve I realize that takes a LONG time. If anyone wants to take a shot, that'd be great. If not, I get it. I can be patient and earn the ISK the old fashion way.

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln

Cista2
EVE Museum
#8 - 2016-01-03 19:40:02 UTC  |  Edited by: Cista2
Knitram Relik wrote:
I'd love to get a green light from my current investor
He is unknown so it wouldn't matter much :)

If you imagine your MD credibilty as a ladder that you want to build, each step consists of an actual MD'er getting his money back. There are many MD'ers that are willing to test the credibility of newcomers by giving them (in their eyes) small amounts of money, IF the proposal looks good.
Sadly, your proposal on top of your already running bond does not look good at all.

In my opinion, in terms of the credibility ladder, you gained your first step by having concluded business with I LIKE IT on your first bond. But unfortunately you will be digging yourself a few steps into the ground now if you insist on the current, much too greedy proposal.

If you are serious about having a presence here you should reconsider.

My channel: "Signatures" -

Knitram Relik
State War Academy
Caldari State
#9 - 2016-01-03 19:43:15 UTC
Cista2 wrote:
Knitram Relik wrote:
I'd love to get a green light from my current investor
He is unknown so it wouldn't matter much :)
If you imagine your MD credibilty as a ladder that you want to build, each step consists of an actual MD'er getting his money back. There are many MD'ers that are willing to test the credibility of newcomers by giving them (in their eyes) small amounts of money, IF the proposal looks good.

Sadly, your proposal on top of your already running bond does not look good at all.
Looking back, in terms of the credibility ladder, in my opinion you gained one step by having concluded business with I LIKE IT on your first bond. But unfortunately you will be digging yourself a few steps into the ground now if you insist on the current proposal.

If you are serious about having a presence here you should reconsider.


What would you suggest for a next step then? Wait until my current bond in completed? Ask for less ISK? Shorter Term? More interest?

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln

Cista2
EVE Museum
#10 - 2016-01-03 19:51:04 UTC
Knitram Relik wrote:
What would you suggest for a next step then? Wait until my current bond in completed? Ask for less ISK? Shorter Term? More interest?
All of the above except more interest. When you gain credibility you lower your interest, that is the natural evolution and what people want to see.

My channel: "Signatures" -

Koniforous
Tauren Transit
#11 - 2016-01-03 20:31:50 UTC
It would seem I haven't missed much avoiding the MD forums over the last few months. Really just feel no need whatsoever to point any of the typical red flags found here. Goodluck with this venture, I hope it turns out to be legit!
Bumblefck
Kerensky Initiatives
#12 - 2016-01-03 21:20:48 UTC  |  Edited by: Bumblefck
Koniforous wrote:
It would seem I haven't missed much avoiding the MD forums over the last few months. Really just feel no need whatsoever to point any of the typical red flags found here. Goodluck with this venture, I hope it turns out to be legit!



That is frankly a little rich coming from someone trying to run a bank in EVE (with all due respect).

Perfection is a dish best served like wasabi .

Bumble's Space Log

Jerry T Pepridge
Meta Game Analysis and Investment INC.
#13 - 2016-01-04 01:43:17 UTC  |  Edited by: Jerry T Pepridge
heres why this is a scam. Aside from the obvious rapid expansion/ponzi request. (only cista can do ponzis)

Link

Read the title "Atomic Amish Bond" (which was OP's Corp name)

Atomic Amish [AAMSH] from 2015.12.14 03:26 to 2016.01.02 00:33.


So he was advertising the Corp name with the roleplay, including it in the meta.

The first person to Bid, also uses corp name, to buy the whole bond, without any comment, all within an hour of OP. My guess, he waited to see if any fish jumped in the boat, and used his alt (valhalla galactic) to fill it. probably still traded with his own money to keep API ticking over.

Also a History of CODE, i see you have a "permit" and was a former member of the corp of the permit issuer. Roll

If you decide to invest in this and it gets burned, let me know & ill share his alts with you.

@JerryTPepridge

Knitram Relik
State War Academy
Caldari State
#14 - 2016-01-04 06:16:35 UTC
Jerry T Pepridge wrote:
heres why this is a scam. Aside from the obvious rapid expansion/ponzi request. (only cista can do ponzis)

Link

Read the title "Atomic Amish Bond" (which was OP's Corp name)

Atomic Amish [AAMSH] from 2015.12.14 03:26 to 2016.01.02 00:33.


So he was advertising the Corp name with the roleplay, including it in the meta.

The first person to Bid, also uses corp name, to buy the whole bond, without any comment, all within an hour of OP. My guess, he waited to see if any fish jumped in the boat, and used his alt (valhalla galactic) to fill it. probably still traded with his own money to keep API ticking over.

Also a History of CODE, i see you have a "permit" and was a former member of the corp of the permit issuer. Roll

If you decide to invest in this and it gets burned, let me know & ill share his alts with you.


If that's your best job of speculation, you should probably avoid station trading.

All joking aside, it seems I may be trying for too much, too soon. I'm going to reevaluate my needs and wants and possibly come up with a secured bond offering in the near future. Probably gonna buy some BPO's I need anyways and make enough copies to last the duration of the bond.

Thanks for the helpful advice.

ISD, please lock.

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln

Jerry T Pepridge
Meta Game Analysis and Investment INC.
#15 - 2016-01-04 11:16:30 UTC
Knitram Relik wrote:

If that's your best job of speculation, you should probably avoid station trading.

All joking aside, it seems I may be trying for too much, too soon. I'm going to reevaluate my needs and wants and possibly come up with a secured bond offering in the near future. Probably gonna buy some BPO's I need anyways and make enough copies to last the duration of the bond.

Thanks for the helpful advice.

ISD, please lock.


It was enough to get you to stop.

with regards to BPO's, just sell them for the isk, why jump thru the hoops for roleplay.

@JerryTPepridge

Bumblefck
Kerensky Initiatives
#16 - 2016-01-04 15:37:37 UTC
Jerry T Pepridge wrote:
heres why this is a scam. Aside from the obvious rapid expansion/ponzi request. (only cista can do ponzis)

Link

Read the title "Atomic Amish Bond" (which was OP's Corp name)

Atomic Amish [AAMSH] from 2015.12.14 03:26 to 2016.01.02 00:33.


So he was advertising the Corp name with the roleplay, including it in the meta.

The first person to Bid, also uses corp name, to buy the whole bond, without any comment, all within an hour of OP. My guess, he waited to see if any fish jumped in the boat, and used his alt (valhalla galactic) to fill it. probably still traded with his own money to keep API ticking over.

Also a History of CODE, i see you have a "permit" and was a former member of the corp of the permit issuer. Roll

If you decide to invest in this and it gets burned, let me know & ill share his alts with you.




PEPRIDGE IS ON THE CASE



EXCELLENT WORK

Perfection is a dish best served like wasabi .

Bumble's Space Log

Elizabeth Norn
Nornir Research
Nornir Empire
#17 - 2016-01-04 16:32:34 UTC
Knitram Relik wrote:

If that's your best job of speculation, you should probably avoid station trading.


Seeing as station trading generally doesn't require you to know what's coming in the future, are you saying that he's spot on? :p
Knitram Relik
State War Academy
Caldari State
#18 - 2016-01-04 23:03:59 UTC
Elizabeth Norn wrote:
Knitram Relik wrote:

If that's your best job of speculation, you should probably avoid station trading.


Seeing as station trading generally doesn't require you to know what's coming in the future, are you saying that he's spot on? :p


Yes, I'm CODE compliant. Smart business decision IMHO. CODE friendly even. I like the fact they create content. That doesn't mean I'm a scammer. as I understand it, with CODE, you get what you see. Scamming is more of GOON thing I thought. Regardless, it seems I'm found guilty by association, so I guess that is that.

About my second investor: he saw my first bond offering when I made a payment and contacted me about loaning me more. I told him what my plans were and he offered 8bil at 8%. I insisted on a forum post to help to establish more credit. He's not my alt. I have alts, 8 in total, but he's not one of them. Hell, if someone wants to know my alts, 5 minutes of investigation using well known 3rd party websites should crack that case wide open.Roll

"The problem with quotes on the internet is that it's really hard to verify their authenticity." - Abraham Lincoln

Amy Inhibenson
Living Off The Land
Intaki-Business Logistics Union
#19 - 2016-01-05 12:30:25 UTC
Elizabeth Norn wrote:
Knitram Relik wrote:

If that's your best job of speculation, you should probably avoid station trading.


Seeing as station trading generally doesn't require you to know what's coming in the future, are you saying that he's spot on? :p


Huge red flag :D