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TAUTX: Private Bank and Lending

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Koniforous
Tauren Transit
#161 - 2015-04-27 00:27:44 UTC  |  Edited by: Koniforous
NAV Report

  • Investment Account Liabilities (Shares)
    • 4534mil Currently
    0mil Maximum

  • Bond Liabilities
    • 0mil Currently
    8200mil Maximum

    0mil ROI Currently
    246mil ROI Maximum

  • Overall Liabilities
    • 4534mil Currently
    12734mil Maximum

  • NAV (After Current Liabilities)
    • ~16,559,615,303.03

  • NAV Change (Profit/Loss)
    • ~4,425,415,669.83▲

  • This month's IA return
    • 0.00% (N/A)

    I am posting May 1st NAV report now to be prepared for the upcoming reopening of Bond sales on the 1st.

    Bond sales will have a maximum potential of 82, at 100mil each.
    That is 8.2bil for the month of May.

    If you would like to open a bond you may contact me now with the amount you wish to purchase. All funds will be accepted on or after the 1st of May, but not before.

    Bonds mature in 30days from their purchase date (date you deposit funds into the TAUTX corporate wallet), and I automatically transfer the bond principle and ROI (3%) into your wallet when they mature.



    My weekly lottery service was very unsuccessful its first week. Selling a whopping ZERO tickets. So, I changed it to free entry this week, and will be giving away 200mil - 500mil in items/ships/isk this coming Saturday night.
    If you would like to enter, please post something on the thread to get a free ticket here!

    If you would like to donate isk or items to be added to the prize pool, please contact me, or just contract them to me with an appropriate description. These are nonprofit lotteries and all funds/items donated will be given away.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Koniforous
    Tauren Transit
    #162 - 2015-06-14 06:27:44 UTC
    NAV Report

  • Investment Account Liabilities (Shares)
    • 4534mil Currently
    0mil Maximum

  • Bond Liabilities
    • 0mil Currently
    0mil Maximum

    0mil ROI Currently
    0mil ROI Maximum

  • Overall Liabilities
    • 4534mil Currently
    0mil Maximum

  • NAV (After Current Liabilities)
    • ~15,538,102,132 Adjusted [~14,797,102,132 True (will be used to determine profit/loss next month)]

  • NAV Change (Profit/Loss)
    • ~1,021,513,171▼

  • This month's IA return
    • 0.00% (N/A)


    I was able to sell 3.4bil in bonds last month, and also closed them out early. Sadly, I had to cancel several buy orders to pay them back. I think I will discontinue bonds for the time being, it really is a strain trying to have such large amounts ready to pay out, compared to using shares and dividends. I was obviously unable to balance family life, work life, and pod life again this last month. But, I made Foreman at work and I'm in charge of my own construction site. Yay! And I went on lots of family trips too! Yay!

    Anyways back to TAUTX: Close to the end of this month I will report my true NAV, announce how many new shares will go into circulation (50% of that NAV) and I will use Share funds for the duration of July. In the beginning of August I will publish the Report, and pay the dividend to all share holders.

    If I fail to generate a profit once again I think I will be closing TAUTX indefinitely. If i succeed we will continue on as normal!

    Either way, I will be paying out a minimum 1% dividend in the beginning of July to all current share holders as a thank you, and another 1% minimum dividend on August's Report.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Koniforous
    Tauren Transit
    #163 - 2015-07-06 06:11:06 UTC
    NAV Report

  • Investment Account Liabilities (Shares)
    • 4534mil Currently
    7955mil Maximum

  • Overall Liabilities
    • 4534mil Currently
    7955mil Maximum

  • NAV (After Current Liabilities)
    • ~15,908,983,725

  • NAV Change (Profit/Loss)
    • ~1,111,881,593▲

  • This month's IA return
    • 3.0654%


    TAUTX will remain open! I'll no longer be issuing bonds, just shares, as they are much easier to work with.

    3,421 Shares are available for purchase this month. They cost 1mil each as always, never lose their value, and generate a variable interest rate each month based off of 12.5% of TAUTX reported profits.

    If you would like to purchase shares: send me an evemail first! Request how many you want, I'll respond and confirm your order and tell you to send your isk to the corporation wallet. Shares sales will end on the 12th of this month (1week from now), and reopen through the 1st-5th of every month like usual.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    solarius lunarian
    Nebula Tactics
    #164 - 2015-07-17 18:19:52 UTC
    Hey I checked your website out and was wondering if you do partially collateralized loans(like in between full and no collateral) also is one month the only offered period or do you do shorter/longer term loans

    Are you the only organization in Eve that offers loans, it's kind of an interesting concept in a spaceship game, I'm surprised it's worked as long as it has, very cool though
    Koniforous
    Tauren Transit
    #165 - 2015-07-17 18:54:25 UTC
    solarius lunarian wrote:
    Hey I checked your website out and was wondering if you do partially collateralized loans(like in between full and no collateral) also is one month the only offered period or do you do shorter/longer term loans

    Are you the only organization in Eve that offers loans, it's kind of an interesting concept in a spaceship game, I'm surprised it's worked as long as it has, very cool though

    Oh ****, I have a website still?! I should probably update it...

    Evemail me with your proposal and well see where it goes from there.

    As far as organizations go, I'm sure there are others. Big bank is still around? I consider the MD forum community its own organization also, it would be easier for you to post a bond or loan proposal since I only offer tiny loans compared to the trillions of isk the MD community can. If the loan is attractive I would try to back some of it.

    Thanks for the high five, I've hit a rough patch with having to devote most of my time to work now, but I'm consider the idea of offering 1% a month as a bare minimum.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #166 - 2015-07-19 02:58:32 UTC
    Oh yes, this is going to end well.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online
    Koniforous
    Tauren Transit
    #167 - 2015-07-19 06:12:06 UTC
    Teckos Pech wrote:
    Oh yes, this is going to end well.

    Interestingly enough, I know of all of those tales and have sought to solve the major problems that caused their insolvencies and heists. You should really read the entirety of this thread before making any judgments. There's still some shares left for grabs available on the 1st-5th of August. Blink

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Koniforous
    Tauren Transit
    #168 - 2015-08-06 17:52:35 UTC  |  Edited by: Koniforous
    NAV Report

  • Investment Account Liabilities (Shares)
    • 5844mil Currently
    7955mil Maximum

  • Overall Liabilities
    • 5844mil Currently
    7955mil Maximum

  • NAV (After Current Liabilities)
    • ~15,865,000,000 (True) Used to determine next month's IA Return.
    ~16,365,000,000 (Adjusted) Used to determine this month's IA Return.

  • NAV Change (Profit/Loss)
    • ~456mil▲

  • This month's IA return
    • 0.9754% (rounding up to 1%)

    From now on I will payout a minimum of 1% a month. Dividend will be issued when I get home from work, later tonight!

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #169 - 2015-08-07 05:41:04 UTC  |  Edited by: Teckos Pech
    Koniforous wrote:
    Teckos Pech wrote:
    Oh yes, this is going to end well.

    Interestingly enough, I know of all of those tales and have sought to solve the major problems that caused their insolvencies and heists. You should really read the entirety of this thread before making any judgments. There's still some shares left for grabs available on the 1st-5th of August. Blink


    There is no mechanism to keep you from absconding with the funds. None. I don't care what con you are trying to run, but the only way for a bank to work is for there to be a separate legal system that is going enforce property rights...and guess what there is no such system in game.

    Oh and even if you don't steal all the money, there is no enforcement mechanism to get paid back on loans you make.

    The only way for things like this to work is to rely on the reputation of those like Chribba.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online
    Koniforous
    Tauren Transit
    #170 - 2015-08-07 06:31:41 UTC
    Teckos Pech wrote:
    Koniforous wrote:
    Teckos Pech wrote:
    Oh yes, this is going to end well.

    Interestingly enough, I know of all of those tales and have sought to solve the major problems that caused their insolvencies and heists. You should really read the entirety of this thread before making any judgments. There's still some shares left for grabs available on the 1st-5th of August. Blink


    There is no mechanism to keep you from absconding with the funds. None. I don't care what con you are trying to run, but the only way for a bank to work is for there to be a separate legal system that is going enforce property rights...and guess what there is no such system in game.

    Oh and even if you don't steal all the money, there is no enforcement mechanism to get paid back on loans you make.

    The only way for things like this to work is to rely on the reputation of those like Chribba.

    Currently, I am about 4-0, on loans I have lent completing successfully. I'm very picky when it comes to lending other peoples' isk.

    And as far as all the blah blah omg scam stuff youre claiming, youre right: There id no mechanism to prevent me from running off with the funds. That's the only unsolvable problem any bank will run into. But that isn't really a problem when were playing in a sandbox, its just how the genre operates. I haven't and wont steal the isk because that's not what I set out to do. And lets be realistic, I put in a LOT OF EFFORT AND TIME into TAUTX and I'm not about to forfeit my year long wade through nay Sayers for the gigantic sum of -8bil.

    I'll say it again: The fun for me, the role playing for me, is in being a dependable and honest pilot. I would much rather sit in the nearly vacant hall of trusted 3rd parties, my name next to a select few, than have it cast into the trash with hundreds of other scammers.

    Have you even read this thread? Like, have you even seen what I've gone through and how much thought I've put into some of these policies? I'm too legit to quit bro.

    As far as depending on chribbas reputation goes, he declined to audit my bank (yes I asked him, and several other trusted 3rd parties). But its still working....because I'm depending on the reputation I said I would grind out for myself.

    Now buy some shares, get a dividend payment, and then withdraw your funds so you can come back to this thread and post some scientific facts about my bank, like time it took to get your funds back after a withdrawal request, how smoothly the share buying process went, if you received the correct amount of funds, whatever you like.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Teckos Pech
    Hogyoku
    Goonswarm Federation
    #171 - 2015-08-08 04:05:54 UTC
    Koniforous wrote:
    Teckos Pech wrote:
    Koniforous wrote:
    Teckos Pech wrote:
    Oh yes, this is going to end well.

    Interestingly enough, I know of all of those tales and have sought to solve the major problems that caused their insolvencies and heists. You should really read the entirety of this thread before making any judgments. There's still some shares left for grabs available on the 1st-5th of August. Blink


    There is no mechanism to keep you from absconding with the funds. None. I don't care what con you are trying to run, but the only way for a bank to work is for there to be a separate legal system that is going enforce property rights...and guess what there is no such system in game.

    Oh and even if you don't steal all the money, there is no enforcement mechanism to get paid back on loans you make.

    The only way for things like this to work is to rely on the reputation of those like Chribba.

    Currently, I am about 4-0, on loans I have lent completing successfully. I'm very picky when it comes to lending other peoples' isk.

    And as far as all the blah blah omg scam stuff youre claiming, youre right: There id no mechanism to prevent me from running off with the funds. That's the only unsolvable problem any bank will run into. But that isn't really a problem when were playing in a sandbox, its just how the genre operates. I haven't and wont steal the isk because that's not what I set out to do. And lets be realistic, I put in a LOT OF EFFORT AND TIME into TAUTX and I'm not about to forfeit my year long wade through nay Sayers for the gigantic sum of -8bil.

    I'll say it again: The fun for me, the role playing for me, is in being a dependable and honest pilot. I would much rather sit in the nearly vacant hall of trusted 3rd parties, my name next to a select few, than have it cast into the trash with hundreds of other scammers.

    Have you even read this thread? Like, have you even seen what I've gone through and how much thought I've put into some of these policies? I'm too legit to quit bro.

    As far as depending on chribbas reputation goes, he declined to audit my bank (yes I asked him, and several other trusted 3rd parties). But its still working....because I'm depending on the reputation I said I would grind out for myself.

    Now buy some shares, get a dividend payment, and then withdraw your funds so you can come back to this thread and post some scientific facts about my bank, like time it took to get your funds back after a withdrawal request, how smoothly the share buying process went, if you received the correct amount of funds, whatever you like.


    Don't care, several of the previous bank/loan scams ran for quite awhile paying out money, looking legitimate.

    "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."--Friedrich August von Hayek

    8 Golden Rules for EVE Online
    Koniforous
    Tauren Transit
    #172 - 2015-09-06 18:13:40 UTC
    NAV Report

  • Investment Account Liabilities (Shares)
    • 5884mil Currently
    7955mil Maximum

  • Overall Liabilities
    • 5884mil Currently
    7955mil Maximum

  • NAV (After Current Liabilities)
    • ~14.743bil (True) Used to determine next month's IAR
    ~15.743bil (Adjusted) Used to determine this month's IAR

  • NAV Change (Profit/Loss)
    • ~122mil▼

  • This month's IA return
    • 0.0% (rounding up to 2%)

    No time for video games at all this month....again. 1% minimum every month until my account runs out of subscription in April of 2016. IAs will still earn 12.5% of TAUTX monthly profits if they ever come out positive. In the event TAUTX NAV nears the amount on deposit, I will refund all isk and shut her down. Until then, I'll continue paying 1% until April 2016 when I refund all isk anyway and stop playing EVE. Have a good month everyone! Dividend has been issued! (at 2% this month because why the hell not?!)

    2,111 Shares are still available for deposit (until the 10th). 1mil isk each, same buyback value if you want to "withdraw", and players have sold them to other pilots for more than 1mil isk. Adios.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    goodlady Smith
    TheCrazy88s
    #173 - 2015-09-07 02:46:19 UTC
    Hi Koniforous,

    I'm interested in discussing taking on your operation, if your sure that this exit in April is going to be permanent.
    I would need to know what your including in your calculation to get a NAV of 14.73 B against the back drop of 5.8B in liabilities.


    Many thanks,

    goodlady Smith

    Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles
    Koniforous
    Tauren Transit
    #174 - 2015-09-07 02:56:53 UTC
    goodlady Smith wrote:
    Hi Koniforous,

    I'm interested in discussing taking on your operation, if your sure that this exit in April is going to be permanent.
    I would need to know what your including in your calculation to get a NAV of 14.73 B against the back drop of 5.8B in liabilities.


    Many thanks,

    goodlady Smith


    Everything I own, plus cash. However, there is, unfortunately, no way for you take over the reputation I have ground out over the last year and a half...

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    goodlady Smith
    TheCrazy88s
    #175 - 2015-09-07 05:08:25 UTC
    I agree that reputation can't be transported.
    I'm not sure if I understand the rest of the post.
    Everything I own plus cash is referring to the 14B in assets
    I assume means items currently traded, assets and items listed for sale - BPCs?

    My initial though was I would transfer any customers willing to into the open bond I am currently running and pay them the 2%
    Interest monthly and in return we would agree a transfer of isk and assets to keep the Bond Collaterised.
    I will be up front and say I'm looking for a pretty sharp deal and you would probably be better off doing a lump sum in the sell orders forum - but if your keen let's negotiate

    Please like my posts it makes me feel better about the time I spend on the forums WTS... Smiles
    Ibrahim Tash-Murkon
    Itsukame-Zainou Hyperspatial Inquiries Ltd.
    Arataka Research Consortium
    #176 - 2015-09-07 07:55:38 UTC
    goodlady Smith wrote:
    I agree that reputation can't be transported.
    I'm not sure if I understand the rest of the post.
    Everything I own plus cash is referring to the 14B in assets
    I assume means items currently traded, assets and items listed for sale - BPCs?

    My initial though was I would transfer any customers willing to into the open bond I am currently running and pay them the 2%
    Interest monthly and in return we would agree a transfer of isk and assets to keep the Bond Collaterised.
    I will be up front and say I'm looking for a pretty sharp deal and you would probably be better off doing a lump sum in the sell orders forum - but if your keen let's negotiate


    If he's leaving what can you possibly offer?

    "I give you the destiny of Faith, and you will bring its message to every planet of every star in the heavens: Go forth, conquer in my Name, and reclaim that which I have given." - Book of Reclaiming 22:13
    Koniforous
    Tauren Transit
    #177 - 2015-09-07 15:15:30 UTC
    Ah. I was under the impression you wanted to purchase TAUTX as it is. We can discuss something next year, closer to April.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Koniforous
    Tauren Transit
    #178 - 2015-09-07 15:20:05 UTC
    goodlady Smith wrote:
    I agree that reputation can't be transported.
    I'm not sure if I understand the rest of the post.
    Everything I own plus cash is referring to the 14B in assets
    I assume means items currently traded, assets and items listed for sale - BPCs?

    I mean, everything single thing I own, assets, cash, bpcs, excluding the value of characters.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items
    Plleasure Hub
    Municorn
    #179 - 2015-09-07 18:02:21 UTC  |  Edited by: Plleasure Hub
    Koniforous wrote:
    I mean, everything single thing I own, assets, cash, bpcs, excluding the value of characters.

    How are you tracking the value of your BPCs? My asset-tracking program defaults all BPC prices to 0, which is misleading considering I have some lots that will quick sell for 10's of millions.

    "There's no meaningful difference between a real and a virtual world. It's pointless to ask anyone who they really are. All you can do is accept and believe in them, because whoever they are in your mind, is their true identity." — Kazuto Kirigaya
    Koniforous
    Tauren Transit
    #180 - 2015-09-07 19:00:41 UTC
    Plleasure Hub wrote:
    Koniforous wrote:
    I mean, everything single thing I own, assets, cash, bpcs, excluding the value of characters.

    How are you tracking the value of your BPCs? My asset-tracking program defaults all BPC prices to 0, which is misleading considering I have some lots that will quick sell for 10's of millions.

    I manually entered a custom price at about 20% less than I sell them.

    TAUTX: Private Bank & Lending

    TAUTX: Collateral Liquidation / Discount Items