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Loan Request, 100% Collateral Available

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Author
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anarll
Doomheim
#1 - 2012-01-30 00:18:33 UTC  |  Edited by: anarll
hello,

I need a loan to fund a short station trading operation. I have way to many assets and not enough liquid isk at the moment. To make things as simple as possible I'm going to use two high value items for collateral.

loan lenth: 1 month, with the possibility of lender getting all principle and interest in less than a month.

interest: 4%

collateral: i have 2 revelations in low sec

This is a great opportunity to make a 4% isk on isk in less than a month FULLY COLLATERALIZED

please post on forum if you are interested

thank you
Derp Durrr
University of Caille
Gallente Federation
#2 - 2012-01-30 13:20:25 UTC
I am interrested, but what ammount of isk are you looking for? can't find it in your post.
pls send me a mail or reply to this thread so we can work something out.

Founder of the soon-to-be Legendary Tournament series -=DESTRUCTION DERPY=- Are you up for the challenge? Join our ingame channel Destruction Derpy today!
Skippermonkey
Deep Core Mining Inc.
Caldari State
#3 - 2012-01-30 14:31:43 UTC
ITT : a disguised dread sale

COME AT ME BRO

I'LL JUST BE DOCKED IN THIS STATION
Shar Tegral
#4 - 2012-01-30 15:31:11 UTC
Skippermonkey wrote:
ITT : a disguised dread sale

Imnsho, in this case the loan would be 100% collateralized.
Doesn't mean that the loan would, or even should, be equal to the collateral.

I'd go with a 60% market rate myself. Low enough to make him want to come back, low enough to facilitate liquidation.
anarll
Doomheim
#5 - 2012-01-30 18:41:44 UTC  |  Edited by: anarll
yeah all you guys can go **** yourselves, im already over this loan idea.

85% of value is fair... and if you guys knew any better, you would realize that because dreads are not used, eventually they are getting a buff, so the last thing i would do is take less than 85% of the value.


****'n chodes
Vera Algaert
Republic University
Minmatar Republic
#6 - 2012-01-30 18:54:22 UTC  |  Edited by: Vera Algaert
anarll wrote:
85% of value is fair... and if you guys knew any better, you would realize that because dreads are not used, eventually they are getting a buff, so the last thing i would do is take less than 85% of the value.

dreads already got buffed big time (T2 siege mod) and the prices are much higher than they used to be (bought my first dread with capital mods and rigs for 1.2b just 10 months ago).

However, while it was hard to find a dread below 2b around Crucible release, we're now down to 1.8.

I can't say how much of the 1.8b is mineral prices and how much is hype, so I won't try commenting on that.

.
Darth Tickles
Doomheim
#7 - 2012-01-30 18:56:26 UTC
lol

umad about collateral loans in an internet spaceship game, brohammer?
anarll
Doomheim
#8 - 2012-01-30 21:40:26 UTC
im totally wrong dread prices are going to fall, quick sell your dreads
Shar Tegral
#9 - 2012-01-30 23:04:49 UTC
anarll wrote:
im already over this loan idea.

Does this mean you no longer need the loan?
anarll
Doomheim
#10 - 2012-01-30 23:15:22 UTC
if you think im going to contract you 2 revelations for 60% of of contract sales price you are ******* high
anarll
Doomheim
#11 - 2012-01-30 23:20:53 UTC  |  Edited by: anarll
Vera Algaert wrote:
anarll wrote:
85% of value is fair... and if you guys knew any better, you would realize that because dreads are not used, eventually they are getting a buff, so the last thing i would do is take less than 85% of the value.

dreads already got buffed big time (T2 siege mod) and the prices are much higher than they used to be (bought my first dread with capital mods and rigs for 1.2b just 10 months ago).

However, while it was hard to find a dread below 2b around Crucible release, we're now down to 1.8.

I can't say how much of the 1.8b is mineral prices and how much is hype, so I won't try commenting on that.



thats funny, because dreads where never at 2 billion on contracts before or after the crucible release, and i would know because i have way too many. when i say never, mean the lowest sell contract not the highest.
Vaerah Vahrokha
Vahrokh Consulting
#12 - 2012-01-31 01:37:43 UTC
anarll wrote:
if you think im going to contract you 2 revelations for 60 pct of of contract sales price you are ******* high



Ever read this article?

It explains why collateralized loans and insurance are not a simple thing and how depreciable collateral is valued very conservatively.

This holds even more true in the case of certain "unlucky" items and expecially in the period of the year when minerals are at yearly high and thus prone to tank hard any time.

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Xenuria
#13 - 2012-01-31 01:42:06 UTC
Tirestun
Caldari Provisions
Caldari State
#14 - 2012-01-31 01:53:11 UTC
In what galaxy do the person asking for the money get to dictate the terms of such?
anarll
Doomheim
#15 - 2012-01-31 02:40:42 UTC  |  Edited by: anarll
because the prices of revelations could drop 40% in 30 days...
anarll
Doomheim
#16 - 2012-01-31 02:40:54 UTC
Vaerah Vahrokha wrote:
anarll wrote:
if you think im going to contract you 2 revelations for 60 pct of of contract sales price you are ******* high



Ever read this article?

It explains why collateralized loans and insurance are not a simple thing and how depreciable collateral is valued very conservatively.

This holds even more true in the case of certain "unlucky" items and expecially in the period of the year when minerals are at yearly high and thus prone to tank hard any time.



because the prices of revelations could drop 40% in 30 days...
Shar Tegral
#17 - 2012-01-31 02:49:02 UTC
anarll wrote:
if you think im going to contract you 2 revelations for 60% of of contract sales price you are ******* high
[Teacher Mode: On]

Collateral that you don't mind losing is NOT collateral.
Collateral that you don't mind losing so much is NOT collateral.
Collateral that freaking hurts to lose IS collateral.

While a higher exchange rate is preferable to you, your comfort level is NOT any concern of ours. No one knows you, your collateral is mercurial in value, and it is inconveniently located. Those are the realities of the situation.

[Teacher Mode: Off]

Being a jerk about the whole affair is, again, NOT in your best interests. I totally understand that you don't want to do certain things, that is called negotiating the best deal for yourself while it is our job to get the best for ourselves. However being overtly hostile will not, contrary to "I'M A PIMP 101", going to work.
anarll
Doomheim
#18 - 2012-01-31 03:21:49 UTC  |  Edited by: anarll
lets just let this thread die. you all may think im being an *******, good, because i am. that said, 60% of contract value? for a 30 day or less loan? wtf? the value of revelations will not drop 40% in 30 days or less.

you are no teacher, ur a ****'n chode
Shar Tegral
#19 - 2012-01-31 03:49:34 UTC
anarll wrote:
lets just let this thread die.

Apparently the only conversation that you wish to have is for us to be your *****.

Sorry, no bitches available for you.

It's just you and your hand tonight.
Utemetsu
#20 - 2012-01-31 04:45:31 UTC  |  Edited by: Utemetsu
Is this for real? I find it increasingly hard to believe that there was a Kernel of anything here to begin with.

But, in the eventuality that you aren't, in fact, a poor troll, I say we keep this thread alive as a sort of warning to other sorry sods that can't grasp basic economics...rather, business ettiquette...

I take that back, fail OP is fail.

Bonus Round:
https://forums.eveonline.com/default.aspx?g=posts&m=450804#post450804
https://forums.eveonline.com/default.aspx?g=posts&m=629146#post629146
https://forums.eveonline.com/default.aspx?g=posts&m=632527#post632527
https://forums.eveonline.com/default.aspx?g=posts&m=719198#post719198


This thread is now speculation regarding whether or not he actually has a Dread to begin with.
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