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Chevabond #2 - 1b uncollateralized, 1 month 10%

Author
Chevalleis
The Scope
Gallente Federation
#1 - 2012-04-11 15:28:42 UTC
Greetings phillies and gentlecords, this is Chevalleis with a new and exciting business proposal! Because my previous bond was a great success, I'm rising to the 1b class with this bond offering.
So, here's the deal:
You give me 1 billion ISK, which I will use to trade in 4-4 for 1 month. After this 1 month period has passed, I will return your 1 billion isk plus 10%, which in my calculations equals to 100m.
Arancar Australis has already agreed to cover 500m of this bond, to give others a chance.

Quick FAQ
What do you want, Chevalleis?

1b of your precious ISKies.
What do you plan on doing with it, Chevalleis?
I will be doing Jita 4-4 trading, and, if I spot good opportunities maybe some lesser hub trading. I will not participate in speculation during this bond. So in essence, I will be 0.01 isking everyone to death.
But Chevalleis, how can I be sure you don't run away with my money?
Kethas Protagonist once said something suitable to the situation. I don't remember what though. But seriously, 1b? Let's be honest here, It would be much more profitable for me to grow my bonds to 20b and THEN run away with your money. (Not saying that I'm doing this ofc.) I generally like the MD community and I feel that it would serve me better not to scam in the long run.
OK Chevalleis, but what do I get from this?
10% interest on your investment, which equals to 100m if you cover the whole bond. Also I'll notify you on my future loans and you'll get the chance to invest first.
Sounds good Chevalleis, but how long do you intend to keep my money?
1 month.
What if your trading isn't successful and you lose my money, Chevalleis?
I have enough of my own capital that I can cover all your possible losses should an astronomically unlikely event as this happen.

I'll be happy to answer any questions.
Arancar Australis
Dead Sun Rising Enterprises
#2 - 2012-04-11 17:09:29 UTC
Hi Cheva,

Thanks for the heads up, Isk sent and good luck.

Cheers,

AA
Yarri Jiark
Task Force 641
Empyrean Edict
#3 - 2012-04-11 19:18:11 UTC
I'll reserve the remaing 500m
Eddie Laydon
Laydon Industries
#4 - 2012-04-12 10:33:46 UTC
Chevalleis wrote:

What if your trading isn't successful and you lose my money, Chevalleis?
I have enough of my own capital that I can cover all your possible losses should an astronomically unlikely event as this happen.


Does that mean you can provide collateral?
Chevalleis
The Scope
Gallente Federation
#5 - 2012-04-12 11:37:31 UTC
Arancar Australis wrote:
Hi Cheva,

Thanks for the heads up, Isk sent and good luck.

Cheers,

AA


Isk received, thank you.

Yarri Jiark: You can send the ISK now. Bond starts officially today.

Eddie Laydon: No, it means that I have enough of my own liquid ISK that I can use to cover you.
Chevalleis
The Scope
Gallente Federation
#6 - 2012-04-13 07:21:00 UTC
Do you still intend to invest?
Eddie Laydon
Laydon Industries
#7 - 2012-04-13 09:55:55 UTC
If it was any other time I might have considered investing (if there was collateral), but because of the pre-patch min speculation going on I barely have enough money to fill my day-to-day buy orders. Pretty sure im not the only one short on funds right now, so this might not be the best time for a bond.

Good luck anyway
Vaerah Vahrokha
Vahrokh Consulting
#8 - 2012-04-13 10:58:28 UTC
I have plenty of money, if you need 500M just confirm and I'll send after downtime.
Chevalleis
The Scope
Gallente Federation
#9 - 2012-04-13 11:19:23 UTC
I'll try to get in contact with Yarri Jiark first and see if he still wants to invest. Thanks.
Yarri Jiark
Task Force 641
Empyrean Edict
#10 - 2012-04-13 11:42:06 UTC
500 million isk sent
Chevalleis
The Scope
Gallente Federation
#11 - 2012-04-13 11:57:52 UTC
ISK received, thank you.
Chevalleis
The Scope
Gallente Federation
#12 - 2012-05-12 15:30:59 UTC
I will not be available tomorrow so bond is repaid with full interest 1 day early.
Arancar Australis
Dead Sun Rising Enterprises
#13 - 2012-05-12 15:50:09 UTC
Principal and Interest received.

Thanks Cheva!!

Cheers,

AA
Yarri Jiark
Task Force 641
Empyrean Edict
#14 - 2012-05-12 15:55:47 UTC
Principal and interest received. Thanks.