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[BOND #2] 1.5B - 30 days - 10% interest + extension option (CLOSED)
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Golkan
Doomheim
#1 - 2011-09-17 17:51:12 UTC  |  Edited by: Golkan
Greetings MD investors! I am once more looking for some funds to expand my manufacturing capabilities.

Summary
Bond size: 1.5B
Rate: 10% + extension bonus
Collateral: None
Start date: September 20th
Maturity: October 20th
Extension #1 maturity: November 19th
Extension #2 maturity: December 19th

Why?
During my last bond offer I have been growing 2 manufacturing alts with P.E. 5 and Advanced Mass Production 4 giving me a total of 30 manufacturing slots available. I would need about 1.5B extra to be able to keep these slots constantly in use.

Terms
The bond would start on September 20th and pay 10% interest for the 30 day period. Please invest in 50M increments. If you want to withdraw early we can work something out but you would loose the month's interest. 21 days after the bond's starting date, I will offer investors the opportunity to extend their investement for an additionnal 30 days. Investors that confirm their participation in the extension 72 hours after the offer will recieve 12% interest for the current month period for the portion of capital they reinvest. I reserve the right to repeat that extension offer a few times depending on how smoothly things go.

Risks
No profit: Odds of doing no profit is very low but if ever my bpos become unprofitable I can always switch to station trading.
Wardec: Shouldn't have any effect since production can be done from stations and I use courier contracts to haul.
Quit EVE: I don't see myself quitting EVE in the next 30 days.
I get hit by a bus: Let's all hope this doesn't happen.

Previous Bonds
https://forums.eveonline.com/default.aspx?g=posts&t=7355

FAQ.
Q: Why no collateral?
A: I don't have any assets worth collateral. My current NAV is around 2.2B most of it being ISKs and/or raw materials and low value BPOs. I also own a high sec POS.

Q: Audit?
A: I don't see the point in having an audit and paying a fee for such a small bond. The audit would only find out that I have been manufacturing lately.

Q: Why 10%?
A: I think it's a fair interest rate for a 1st bond from an unknown without collateral.

Q: What is this extension offer you talked about?
A: Here's an example :
John Smith invests 1B @ 10% on September 20th.
Annette invests 500M @ 10% on September 20th.
On October 11th I offer a 30 days extension to the bond bringing the maturity date to November 19th.
John Smith agrees to keep his 1B invested for an additionnal 30 days.
Annette needs her money to buy a new ship and wants to withdraw as planned on October 20th.
On October 20th, John Smith recieves 12% interest on his 1B investement and Annette recieves her 500M + 10%
On November 19th John Smith recieves 1B + 10% interest if he doesnt participate in the new extension offer.

Q: Will you double your bond size every month?
A: No. I am not planning to expand the bond size anywhere over 1.5B without collateral.

If you have any other questions feel free to ask I will do my best to answer quickly.

- Golkan
Golkan
Doomheim
#2 - 2011-09-17 18:19:33 UTC  |  Edited by: Golkan
Investors
Maturity : October 20th
Alaik - 500M (12% interest payed) - (renewed until november 19th)
Austa Ryer - 200M (principal + 10% interest payed)
Ischtar Grey - 500M (12% interest payed) - (renewed until november 19th)
March rabbit - 300M (12% interest payed) - (renewed until november 19th)

Maturity : November 19th
Alaik - 500M (principal + 10% interest payed)
March rabbit - 300M (12% interest payed) - (renewed until december 19th)
Ischtar Grey - 500M (principal + 10% interest payed)
Kostolany - 200M (12% interest payed) - (renewed until december 19th)

Maturity : December 19th
March rabbit - 300M (principal + 10% interest payed)
Kostolany - 200M (principal + 10% interest payed)

BOND CLOSED
Alaik
Lucifer's Hammer
A Band Apart.
#3 - 2011-09-17 23:49:27 UTC
I would like to reserve 500m, as your first bond ran smoothly.
Golkan
Doomheim
#4 - 2011-09-18 05:31:37 UTC
Confirming reception of 200M from Austa Ryer who contacted me through mail.
Ischtar Grey
#5 - 2011-09-18 07:57:58 UTC
Ill be in with 500m (isk send), good luck
Golkan
Doomheim
#6 - 2011-09-18 16:58:51 UTC
Thanks Ischtar Grey your reservation is noted.

Only 300M left up for grabs.

- Golkan
Alaik
Lucifer's Hammer
A Band Apart.
#7 - 2011-09-19 03:25:01 UTC
ISK sent, please confirm receipt when able.
Golkan
Doomheim
#8 - 2011-09-19 03:30:44 UTC
Alaik and Ischtar Grey's isk recieved, thanks.

Still 300M available.
March rabbit
Aliastra
Gallente Federation
#9 - 2011-09-19 11:09:36 UTC  |  Edited by: March rabbit
reserve 300 for me.
will send in like 9 hours

just sent ISK. sorry for delay

The Mittani: "the inappropriate drunked joke"
Golkan
Doomheim
#10 - 2011-09-20 04:45:37 UTC
No problems March rabbit, confirming reception of ISK.

The bond is now in progress. Will try to post weekly updates.

Thanks,
- Golkan
Golkan
Doomheim
#11 - 2011-09-27 22:19:18 UTC
Hello fellow investors,

Everything is running smoothly, weekly profits were around 450M. Started some T2 production and will see how this goes.
Golkan
Doomheim
#12 - 2011-10-11 08:19:25 UTC
Dear Invostors,

Bond is going well. Profits were around 1B for the last 2 weeks.

As stated in the OP I am now offering a 30 day extension to the bond. Current investors wishing to extend the bond 30 days will recieve 12% interest on the next interest payment instead of 10%. Please confirm within 72 hours from this post if you are willing to extend the bond maturity to November 19th.

Any amount of the bond made available will be offered in priority to current investors and then will be offered to public. The total size of the bond will stay the same.

Thanks,

- Golkan
Alaik
Lucifer's Hammer
A Band Apart.
#13 - 2011-10-11 15:49:47 UTC
There's a bit of a difference in your original post regarding the increase of interest. Your OP infers that agreement to extend for 30 days would provide 12% on the previous 30 day period, not necessarily the extension period. Your last post infers that the "next interest payment", ie the extension, would be at 12%.

The implication I was seeing from the OP was agreement to extend would give 12% per period, until funds are withdrawn and then the final payment is at 10% interest.

Could you please clarify this discrepancy? It might just be your wording that's making me confused, I am rather tired and may well be misunderstanding. =)
Golkan
Doomheim
#14 - 2011-10-11 16:44:08 UTC
Hello Alaik,


My last post might have been confusing but you understood the OP properly. The next interest payment I mention is the one due on October 20th so 12% will be payed that date to those that renew their bond.

- Golkan
Alaik
Lucifer's Hammer
A Band Apart.
#15 - 2011-10-11 16:59:46 UTC
Thank you for the clarification Golkan.

I would like to extend my funding for an additional 30 days.
Golkan
Doomheim
#16 - 2011-10-14 08:22:56 UTC
The 72h period is over and there is 700M up for grabs. New investors can step up to reserve a portion of the bond but priority will be given to current investors. If you reserve and wire the ISKs before October 17th you will recieve the 2% bonus on October 20th that was forfeited by the leaving investors.

Thanks,
- Golkan
Ischtar Grey
#17 - 2011-10-14 08:47:54 UTC
hy,

sorry i was out of town, i would also like to extend my invenst if this is still possible!

/Ischtar Grey
Golkan
Doomheim
#18 - 2011-10-14 08:53:55 UTC
No problems Ischtar! Extension noted.

200M available
Kostolany
Aliastra
Gallente Federation
#19 - 2011-10-14 19:21:37 UTC
I am interested, how much is available?

No fear, pain is only temporary.
Golkan
Doomheim
#20 - 2011-10-14 20:47:08 UTC
Hi kostolany, there is 200M left if current investors don't take it.
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