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1B Bond - 10%/30days [FILLED]

Author
Resiin
Juxtaposition Investments
#1 - 2012-03-24 12:37:34 UTC  |  Edited by: Resiin
Hello MD, I am in need of some additional capital in order to see increased returns from my manufacturing lines.

Basics

A little about my history, I've primarily been in the station trading game since I've started playing EvE. I was able to turn 15m or so into 750m purely by station trading, and in very little ingame time. I was seeing daily returns of 15-25% initially, but have realised that with station trading, diminishing returns are inevitable, and I'm not content with a 10-15% return any longer.

I have since moved into the manufacturing business (although it took me a while to find my feet, as I have just returned), and currently sitting on 18% margin on several items. However, as most of you know, unlike trading which usually has diminishing returns, manufacturing relies on increased returns proportionate to the invested capital, which I am lacking at the moment.

The Goal

With your investment, I can rapidly expand my production, as all of my ISK is constantly tied up into just a few production slots., not to mention having to lose ISK making hours as I wait for goods to be hauled. With an investment, I will be able to fill many more of my slots, and rapidly expand, with my rate of returns becoming far more lucrative again. Potentially I should be able to pay off the full bond within 2 weeks. However, I set the bond to 30 days to allow time for things such as courier contracts going wrong/taking a long time, or having to sit on my stock during a brief slump. (My items are demand inelastic, it's very unlikely they'll crash, they just tend to fluctuate.) I do however, have several items I could simply switch over to if needs must.

The Risks

Honestly, if I had anything worthy of being collateral I'd probably just temporarily liquidate it in order to cover my required capital, but unfortunately I do not. All of my ISK is tied up in materials for this project, so the bond will have to be uncollateralized. Because of this, I think a 10% interest rate should be acceptable to a potential investor, but I will also do some other things to reduce the risk for you.

- I will be more than willing to do weekly payments of 25% of your initial investment + 2.5% interest
- I will provide some form of access to my API key.
- If from my API key, you feel I am not reaching acceptable levels of return in order to repay the bond, I will be willing to allow you to cash out of the bond in full (interest will be paid for each week bond was filled) within 3 days notice.
- If *I* personally feel my returns are not acceptable from my manufacturing project, I will simply go back to station trading, where a 10-15% return will be more than adequate to allow me to repay the bond in full.

The Terms

- 10 x 100M bonds.
- 21 days after the bond has started, I ask for the right to be able pay the investments off in full early, including the full 10% interest.
- My API key provided will not be able to give you complete access, as letting numerous people know of my business plan can only be bad for business. But it's a negotiable point that we can work out.
- Start Date: 27th March
- End Date: 26th April

Any questions feel free to ask or contact me in-game.

Bond has now been filled.

-Tekota - 500M (Received)
-Ambrani - 400M (Received)
- Zilent Eonar - 100M (Received)
Chevalleis
The Scope
Gallente Federation
#2 - 2012-03-24 13:05:30 UTC
Quote:
- I will be more than willing to do weekly payments of 25% of your initial investment + 2.5% interest
So you're cutting yourself by 25% every week? It doesn't matter what you do after you've gotten the money - the ISK is already yours. It won't provide any extra security for the investor. If you manage to get the 1B, I suggest that you use the whole money, you'll get more iskies that way.
Resiin
Juxtaposition Investments
#3 - 2012-03-24 13:19:51 UTC
Chevalleis wrote:
Quote:
- I will be more than willing to do weekly payments of 25% of your initial investment + 2.5% interest
So you're cutting yourself by 25% every week? It doesn't matter what you do after you've gotten the money - the ISK is already yours. It won't provide any extra security for the investor. If you manage to get the 1B, I suggest that you use the whole money, you'll get more iskies that way.


My returns should allow me to pay 27.5% a week comfortably whilst still heavily ramming up production. I know what you mean about the whole once you have the money you could just scam it in the first week, making weekly payments pointless thing, but after lurking on these forums for a while, I've personally felt that investors are a bit more open to weekly payments, as they see quicker returns, putting them more at ease. (Seems to be true for newer investors) It's also slightly beneficial to me, as I have weekly payment targets to keep me in check.
Kandreath
De Re Metallica
#4 - 2012-03-24 13:36:20 UTC
Your bond did interest me but I don't think I'll participate in this one.

100M is on the high end for me and being un-collateralized and after doing some research I don't think I'll participate.

Perhaps I'll be kicking myself in 30 days. I guess time will tell.

Good luck though. - If you get through this one, perhaps next time.



Resiin
Juxtaposition Investments
#5 - 2012-03-24 13:45:37 UTC
Kandreath wrote:
Your bond did interest me but I don't think I'll participate in this one.

100M is on the high end for me and being un-collateralized and after doing some research I don't think I'll participate.

Perhaps I'll be kicking myself in 30 days. I guess time will tell.

Good luck though. - If you get through this one, perhaps next time.





Fair enough, thanks for the input. Smile
Kouryusei
Keizai Inc
#6 - 2012-03-24 16:32:08 UTC
Resiin wrote:
Kandreath wrote:
Your bond did interest me but I don't think I'll participate in this one.

100M is on the high end for me and being un-collateralized and after doing some research I don't think I'll participate.

Perhaps I'll be kicking myself in 30 days. I guess time will tell.

Good luck though. - If you get through this one, perhaps next time.





Fair enough, thanks for the input. Smile


It can't hurt, I'll throw 100M ISK at this.
Resiin
Juxtaposition Investments
#7 - 2012-03-24 16:46:33 UTC  |  Edited by: Resiin
Quote:



It can't hurt, I'll throw 100M ISK at this.


Great! the start date is planned for the 27th. Smile
Resiin
Juxtaposition Investments
#8 - 2012-03-24 21:00:24 UTC
9x100m still left to fill.
Zilent Eonar
Native Freshfood
Minmatar Republic
#9 - 2012-03-25 02:30:37 UTC
I'll bite, 100mil is on the low end for me but if you're true to your word, maybe later on you will be a much more common person on the Marketing Board willing to create bigger deals! :) I'll send you 100mil when I get on later today.
Resiin
Juxtaposition Investments
#10 - 2012-03-25 11:21:53 UTC
Zilent Eonar wrote:
I'll bite, 100mil is on the low end for me but if you're true to your word, maybe later on you will be a much more common person on the Marketing Board willing to create bigger deals! :) I'll send you 100mil when I get on later today.


Great! Still 8 shares of this bond left so if you're interested in taking another share feel free. Blink
Kara Roideater
#11 - 2012-03-25 12:39:51 UTC
Resiin wrote:
Quote:



It can't hurt, I'll throw 100M ISK at this.


Great! the start date is planned for the 27th. Smile


It might be worth checking that you're not accepting stolen cash. Taking investments from scammer/defaulter with outstanding debts may not be the best thing for your image as someone starting out.
Resiin
Juxtaposition Investments
#12 - 2012-03-25 16:17:06 UTC
Kara Roideater wrote:


It might be worth checking that you're not accepting stolen cash. Taking investments from scammer/defaulter with outstanding debts may not be the best thing for your image as someone starting out.


Thanks, makes sense. Although were you implying something by quoting Kouryusei's post?
Kouryusei
Keizai Inc
#13 - 2012-03-25 16:45:40 UTC
Resiin wrote:
Kara Roideater wrote:


It might be worth checking that you're not accepting stolen cash. Taking investments from scammer/defaulter with outstanding debts may not be the best thing for your image as someone starting out.


Thanks, makes sense. Although were you implying something by quoting Kouryusei's post?


I had a small bond three years ago, I stopped playing the game due to real life constraints. Not one of the former shareholders have responded to my in-game mails (bar one, that I'm talking with), in order for me to sort out a fair repayment. The profit I made from Zyd alone yesterday would cover it entirely.
Kara Roideater
#14 - 2012-03-25 16:54:35 UTC
Kouryusei wrote:
Resiin wrote:
Kara Roideater wrote:


It might be worth checking that you're not accepting stolen cash. Taking investments from scammer/defaulter with outstanding debts may not be the best thing for your image as someone starting out.


Thanks, makes sense. Although were you implying something by quoting Kouryusei's post?


I had a small bond three years ago, I stopped playing the game due to real life constraints. Not one of the former shareholders have responded to my in-game mails (bar one, that I'm talking with), in order for me to sort out a fair repayment. The profit I made from Zyd alone yesterday would cover it entirely.


What's there to sort out? Just deposit the isk you owe them all into their wallets. You don't need their permission for you to, finally, fulfill your obligations to them. Until you've done that the isk you might invest in other people will be tainted because it will not be clear that it is your isk to invest.
Resiin
Juxtaposition Investments
#15 - 2012-03-25 17:00:53 UTC
Kouryusei wrote:
Resiin wrote:
Kara Roideater wrote:


It might be worth checking that you're not accepting stolen cash. Taking investments from scammer/defaulter with outstanding debts may not be the best thing for your image as someone starting out.


Thanks, makes sense. Although were you implying something by quoting Kouryusei's post?


I had a small bond three years ago, I stopped playing the game due to real life constraints. Not one of the former shareholders have responded to my in-game mails (bar one, that I'm talking with), in order for me to sort out a fair repayment. The profit I made from Zyd alone yesterday would cover it entirely.


I think as an investee rather than an investor, it's not my place to insert my personal opinion on such things and is something left to the appropriate parties to work out. Also, needless to say as an investee I would never know the full story of something that took place three years ago.

Although of course if a public scammer did want to invest, I would be opposed to it.

Resiin
Juxtaposition Investments
#16 - 2012-03-25 17:03:25 UTC
Can I please also say that I appreciate the advice Kara and I will take it into consideration. However, I would rather this thread not be turned into a "whodunit" situation.

Thank you.
Kouryusei
Keizai Inc
#17 - 2012-03-25 17:07:13 UTC  |  Edited by: Kouryusei
Kara Roideater wrote:
Kouryusei wrote:
Resiin wrote:
Kara Roideater wrote:


It might be worth checking that you're not accepting stolen cash. Taking investments from scammer/defaulter with outstanding debts may not be the best thing for your image as someone starting out.


Thanks, makes sense. Although were you implying something by quoting Kouryusei's post?


I had a small bond three years ago, I stopped playing the game due to real life constraints. Not one of the former shareholders have responded to my in-game mails (bar one, that I'm talking with), in order for me to sort out a fair repayment. The profit I made from Zyd alone yesterday would cover it entirely.


What's there to sort out? Just deposit the isk you owe them all into their wallets. You don't need their permission for you to, finally, fulfill your obligations to them. Until you've done that the isk you might invest in other people will be tainted because it will not be clear that it is your isk to invest.


I have plenty of untainted ISK, given the amount of PLEX I recently bought in order to raise some more capital (mostly to jump on the Zydrine bandwagon). I am waiting on a response in case of the following.

1. They no longer play the game, in which case the ISK (+50%) will be given to one of the charity funds in operation.

2. They are owed interest, I'd like to determine how much.

As far as I'm aware, you don't happen to be a parent of mine, do you? Good, you'll be happy to know how much I prioritize your advice then (not very highly). Are you owed anything? Have I ever done business with you? Not as far as I'm aware. You're more than welcome to avoid me like the plague and stay away from me, but claiming people were scammed and that my entire wallet is tainted is pretty laughable.

If you have a problem with me, feel free to take it up with me in private; we do not need to further detract from Resiin's thread, you could have even messaged him in order to prevent his thread being cluttered. Did you think of that though? No, you didn't. For the record, I'll be ignoring further public communication from you - but you are welcome to try and attempt to approach me in private to discuss this further.

I also suggest you pick up a dictionary and look up the definitions of the terms "stolen" and "scam". Someone who defaults on a debt, without the express prior intention of doing so (for a number of reasons), such as not being able to pay your phone bill - is not stealing service from the company (by the very legal definition of it), nor are they scamming the company. Throwing words around in an attempt to make someone look bad is pretty laughable though, at least use the right terminology in future.

Edit: To the OP, my apologies - I did not intend for this thread to degenerate, I started writing this (and posted it), before seeing your latest post. If you still want my ISK, it's there for you.
Kara Roideater
#18 - 2012-03-25 17:29:50 UTC
Kouryusei wrote:


I have plenty of untainted ISK, given the amount of PLEX I recently bought in order to raise some more capital (mostly to jump on the Zydrine bandwagon). I am waiting on a response in case of the following.


You don't need to wait, unless there was an agreement to do such in your original bond.

Quote:


1. They no longer play the game, in which case the ISK (+50%) will be given to one of the charity funds in operation.

2. They are owed interest, I'd like to determine how much.

1. You won't ever be able to determine whether they have left the game or are just taking a break. The isk is not yours to choose how you dispose of. It belongs to the people you borrowed it from and doing anything other than returning it to them will involve the deliberate theft of said isk.

2. Just pay what you owe. Surely you don't need them to tell you how much you owe them. The principal plus three years of interest, since that was how long you chose to hold onto their isk for without their permission. You might also want to chuck in a bonus to cover the 'without their permission' bit.

Quote:

As far as I'm aware, you don't happen to be a parent of mine, do you? Good, you'll be happy to know how much I prioritize your advice then (not very highly). Are you owed anything? Have I ever done business with you? Not as far as I'm aware. You're more than welcome to avoid me like the plague and stay away from me, but claiming people were scammed and that my entire wallet is tainted is pretty laughable.

I would hope that any child of mine will be able to recognise the difference between what belongs to him or her and what belongs to someone who only allowed them to borrow it.

You certainly defaulted. Now you are talking about options other than paying back WHAT YOU CLEARLY OWE. Failure to repay that debt will clearly be a scam. Until you repay it, all your isk will be tainted as there is no division in the wallet between 'stolen' and 'not stolen'.

Quote:

If you have a problem with me, feel free to take it up with me in private; we do not need to further detract from Resiin's thread, you could have even messaged him in order to prevent his thread being cluttered. Did you think of that though? No, you didn't.

This is a public investment thread. Your default on your own public investment was a public matter. I don't see any reason for dealing with public issues in private. It is a matter of utmost relevance for his other investors as to what attitude he takes towards people who have borrowed public isk and then failed to repay it. If he wants to legitimise such acts by accepting stolen money then that will reflect in a certain way upon his own sense of who really owns the isk that he is asking to borrow.

Quote:

I also suggest you pick up a dictionary and look up the definitions of the terms "stolen" and "scam". Someone who defaults on a debt, without the express prior intention of doing so (for a number of reasons), such as not being able to pay your phone bill - is not stealing service from the company (by the very legal definition of it), nor are they scamming the company. Throwing words around in an attempt to make someone look bad is pretty laughable though, at least use the right terminology in future.

It's not my words that make you look bad. It is the fact that you borrowed isk, made public commitments, and then disappeared for three years. Having returned, you are now trying to throw into question whether you have any immediate obligation to pay what is owing even though you say you have sufficient funds to do so.


Kouryusei
Keizai Inc
#19 - 2012-03-25 17:32:02 UTC  |  Edited by: Kouryusei
Will you please respect the wishes of the OP and keep this out of this thread, you are welcome to approach me in private.

Edit: Though one thing, referring to Until you repay it, all your isk will be tainted as there is no division in the wallet between 'stolen' and 'not stolen'. - separate wallet divisions and characters kind of helps to divide! Also, your continued usage of the words "stolen" and "scam" are making me laugh quite a lot. I do hope you PM me so I can further laugh.
Kara Roideater
#20 - 2012-03-25 17:37:32 UTC
Kouryusei wrote:
Will you please respect the wishes of the OP and keep this out of this thread, you are welcome to approach me in private.



Absolutely not. The OP has put himself under public scrutiny and is asking for public money. His attitude towards isk that comes from defaulting on bonds is about as relevant as things come.

Also, I am in general an advocate of complete transparency in investment matters. Unless you have something to say that involves personal issues that shouldn't be broadcast on a public forum there is no reason to avoid the public gaze.
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