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Mr Bushar's Bond Run #1: 10M bonds, 30d, 15% interest (DONE, REPAID)

First post
Author
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#21 - 2012-07-16 16:50:57 UTC
Mr Bushar wrote:
At this point, you can stop trolling in my thread.

Well that's sure to work isn't it.

Please allow me to offer you a piece of advice:

Stop digging.
Blueprint Seller
Bring Me Sunshine
#22 - 2012-07-16 16:57:48 UTC
Thread petitioned, it belongs in Jita local.
David Forge
GameOn Inc.
#23 - 2012-07-16 16:59:11 UTC
It's so hard to believe that a scam could be executed this poorly that it sort of leads one to believe that this really is just an inexpertly attempted bond offering/lecture on audits. You are faced with the decision of not investing because the player is a scammer or the player is not competent.
Mr Bushar
Doomheim
#24 - 2012-07-16 17:00:50 UTC  |  Edited by: Mr Bushar
David Forge wrote:
It's so hard to believe that a scam could be executed this poorly that it sort of leads one to believe that this really is just an inexpertly attempted bond offering/lecture on audits. You are faced with the decision of not investing because the player is a scammer or the player is not competent.


1. Not a scammer
2. Perfectly acceptable bond offering that will be honoured
3. A lot of people seemed to need a lecture on audits, I figured I would contribute with my knowledge and do the community a little favour
4. Extremely competent, as evidenced by my operating results. With 500M capital, I turned over 1.9B in assets at an average margin of 13% so far.
Mr Bushar
Doomheim
#25 - 2012-07-16 17:04:25 UTC
Blueprint Seller wrote:
Thread petitioned, it belongs in Jita local.


Post petitioned for trolling.
If you are not interested in investing, you don't have to, get out of my thread.

I will be using this thread to:
1) Provide weekly updates on operating results
2) Provide updates to a list of bond holders which will be fully disclosed

If CCP offered the service, I would agree that they confirm that this is my only active account.
Blueprint Seller
Bring Me Sunshine
#26 - 2012-07-16 17:06:53 UTC
Mr Bushar wrote:
Blueprint Seller wrote:
Thread petitioned, it belongs in Jita local.


Post petitioned for trolling.
If you are not interested in investing, you don't have to, get out of my thread.

Censorship eh?

You spoke in favour of free choice earlier but do not appear to be a supporter of free speech.

Telling that.
Mr Bushar
Doomheim
#27 - 2012-07-16 17:09:49 UTC
Blueprint Seller wrote:
Mr Bushar wrote:
Blueprint Seller wrote:
Thread petitioned, it belongs in Jita local.


Post petitioned for trolling.
If you are not interested in investing, you don't have to, get out of my thread.

Censorship eh?

You spoke in favour of free choice earlier but do not appear to be a supporter of free speech.

Telling that.


The only censorship here is you trying to petition my legitimate offer out of these forums.
I am not breaking any rules.
You, on the other hand, are.
CorInaXeraL
The Dresdeneers
#28 - 2012-07-16 17:10:06 UTC
Out of idle curiosity, how many 'bonds' are available? Per-person is 5@100m/each, but what is the cap on this bond? 1b? 2b? Eleventy-B?
Caelis Boirelle
Aurora Investments
#29 - 2012-07-16 17:10:59 UTC  |  Edited by: Caelis Boirelle
Having just read your audit bashing thread and now this one I'm convinced there is one of the following two things going on here:

1) Some sort of incredibly clever next-level meta-gaming scheme to swindle people out of their money by hiding your REAL dastardly plan behind a rather pathetic one

OR

2) You really didn't think this through particularly well

So unless you really are as cunning as a fox who's just been appointed Professor of Cunning at Oxford University, I'd give up and go home if I were you.

But seriously, posting for a bond on a three day old alt having just posted only half an hour previously a long thread about the value of audits which basically tells everyone to "go with their gut" as well as giving us pretty poor "assurances" you'll stick to your word and won't run away with the money . . . Well. Anyone who hands you their money deserves to loose it to be honest.

Oh, and the spreadsheet screen captures were cute. Really made my day.

EDIT: My conscience is making me add that on the off chance this really is a genuine offering, I'd take the amount of flaming you're getting as a sign that you're doing something wrong. Go back to the forums and check how other more successful bonds are structured, go back to the drawing board and come back when you've got something serious to offer.
Mr Bushar
Doomheim
#30 - 2012-07-16 17:15:04 UTC
CorInaXeraL wrote:
Out of idle curiosity, how many 'bonds' are available? Per-person is 5@100m/each, but what is the cap on this bond? 1b? 2b? Eleventy-B?


The per-person cap is 500M.
There is set cap because I do not believe it to be necessary for the first bond run, as I do not expect too many investors due to the unusual nature and risk of this offering.

If more investors than I expected are interested, I will shut the offering down at 2B for this run.
Blueprint Seller
Bring Me Sunshine
#31 - 2012-07-16 17:18:55 UTC
Mr Bushar wrote:
The only censorship here is you trying to petition my legitimate offer out of these forums.

I did not petition you. I made a post on the forum claiming I had petitioned you. It was an attempt at humour. You have made many posts in this thread claiming things that may or may not be true. Unfortunately without much humour.

I will not be posting in this thread again. I am not leaving because you demand it but because there is nothing more to say. I suggest you follow that example.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#32 - 2012-07-16 17:31:38 UTC
Caelis Boirelle wrote:
My conscience is making me add that on the off chance this really is a genuine offering, I'd take the amount of flaming you're getting as a sign that you're doing something wrong. Go back to the forums and check how other more successful bonds are structured, go back to the drawing board and come back when you've got something serious to offer.

Seriously, this.

Most of the posters here mean you no ill. They are telling you in the traditional manner of MD that you are doing it wrong. You should stop doing it wrong and spend some time figuring out how to do it right.

You speak of trying to build a reputation, what do you want that reputation to be? That of an incompetent that blunders into the MD forums attempting to raise money, throws his toys out of the pram as soon as he meets resistance and yet doesn't know when to quit?
Kailean
Caldari Provisions
Caldari State
#33 - 2012-07-16 17:38:36 UTC
Mr Bushar wrote:
4. Extremely competent, as evidenced by my operating results. With 500M capital, I turned over 1.9B in assets at an average margin of 13% so far.

Not to belittle your efforts, but calling that "extremely competent" is exaggerating by quite a fair bit. Come back in a month and we'd have a lot more stable (and interesting) numbers.

About two, two-and-a-half months ago I decided to try and see how far I could get 500M in six weeks. The first few days I turned over something like 2.5b and with better margins than you. Of course, I quickly grew tired of trading like an insane person and settled for easier markets where I didn't have to .01 isk all night (although it did give me massive returns, I won't deny that). Either way, anything below 2b is bound to not give a very fair view, to be honest.

My next personal challenge will be to see how far I can get 500M with manufacturing instead. These aren't really indicative of anything, since I'm a lazy person that might log in once or twice a day at most (these days), but it gives me something to do. I usually let an alt hold my vast fortunes (haha, I wish) while I do this, so as to not contaminate my results too much.

For what it's worth, I made 6b, give or take a few hundred millions, in 6 weeks; although I invested first 500M and then an additional 500M in Rykker's bonds (although the interest from them aren't included in the 6-week period), which left me with a slightly smaller wallet to operate with. This is *also* in addition to me building my personal pvp fleet by stealing from my own assets, so it's probably closer to 6.5-7b.

I don't think you need this bond if you're saying you'll cap it at 2b, to be honest. In 3 weeks time you should have made that on your own.
Mr Bushar
Doomheim
#34 - 2012-07-16 17:40:03 UTC
Bad Bobby wrote:

Most of the posters here mean you no ill. They are telling you in the traditional manner of MD that you are doing it wrong. You should stop doing it wrong and spend some time figuring out how to do it right.

You speak of trying to build a reputation, what do you want that reputation to be? That of an incompetent that blunders into the MD forums attempting to raise money, throws his toys out of the pram as soon as he meets resistance and yet doesn't know when to quit?


I know that you guys mean me no ill.
I am not trying to build a reputation of doing things the 'MD Society' way. I do things my way.

I will build a reputation of a successful, intelligent trader.
More importantly, I will build a reputation of someone who always pays his debts, whether you like me or not.
(Insert Lannister joke here)
Mr Bushar
Doomheim
#35 - 2012-07-16 17:44:28 UTC  |  Edited by: Mr Bushar
Kailean wrote:

I don't think you need this bond if you're saying you'll cap it at 2b, to be honest. In 3 weeks time you should have made that on your own.


Thanks for your input, and congratulations on your successful trading career.

I plan on making much more than 2b in three weeks. Whether I can achieve that (2b of pure profits), I don't know yet.
My growth rate is only limited by my available capital

Although 100M bonds are not significant, they will assist me in exceeding personal growth expectations and investors will get their 15% returns.

In a month or two, I will issue another bond run with a significantly higher cap. Whether I lower the interest down from 15% or not will depend on my operational results and financial analysis that I perform.
Mr Bushar
Doomheim
#36 - 2012-07-16 18:06:35 UTC  |  Edited by: Mr Bushar
Caelis Boirelle wrote:


Oh, and the spreadsheet screen captures were cute. Really made my day.


http://i.imgur.com/3jtl5.png
:)


Bond is still active and accepting investors.
David Forge
GameOn Inc.
#37 - 2012-07-16 20:39:36 UTC
Listen, buddy, some of the people here are trying to help you. You need to revamp your attitude and your offering before it's going to get taken seriously. I realize you want to do things your way but you don't get to do that when you start. You do it the investors' way until you're trusted and you have a track record, that's when you get to do it your way. That might not seem fair but that's how it works.
Mr Bushar
Doomheim
#38 - 2012-07-16 20:48:28 UTC
David Forge wrote:
Listen, buddy, some of the people here are trying to help you. You need to revamp your attitude and your offering before it's going to get taken seriously. I realize you want to do things your way but you don't get to do that when you start. You do it the investors' way until you're trusted and you have a track record, that's when you get to do it your way. That might not seem fair but that's how it works.


I appreciate your good intentions.
I will eventually have a track record, I have no doubts about that :)

I always intend to offer interest rates higher than market.
In fact I'm currently designing a loyalty program to encourage investors to take some risk, it will be retroactive, more on that in a bit

Mr Bushar
Doomheim
#39 - 2012-07-16 20:55:27 UTC  |  Edited by: Mr Bushar
NEW: Investor Loyalty Program
I will always offer interest rates higher than the average rates in this forum, even in the future.
I am starting an investor loyalty program to justify the high level of risk in this investment until I build a solid track record.
- The first 10 investors to buy at least one bond will obtain a Lifetime Guarantee on my future bonds
- Lifetime Guarantee: This includes the first dibs on any future bonds I will issue. Once I develop a solid track record of paying my debts, and offer bonds with a higher cap and great interest rates, these ten investors will have first dibs buying bonds before the rest of the forum.
- This incentive program was created to encourage the first few risk takers to make a decision about investing. You get great future interest rates, and I get to start developing a reputation.
- All I ask is that once you receive your principal and interest payment in full, you will vouch for me in the thread
Eddie Laydon
Laydon Industries
#40 - 2012-07-16 23:33:33 UTC
Seeing as everyone agrees this is either a scam or a legit offering doomed to fail I hereby lay claim on this thread!

So... what is up with nocx taking a dive in jita? Which one of you assholes is crashing the market again? X