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Abighail
Best of the SS
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Posted - 2010.09.07 19:33:00 -
[1]
I need an 8bil loan in order to kick start a POS project involving the production and research of some Hurricane BPCs. I don't have a history of loans on this character but the interest will come through nonetheless.
The loan expenditure involves the procurement of materials, POS fuel, minerals and the transportation thereof. Production will be the main focus of this endeavor as the locked down BPC's will be rented out to Science alt characters. This character is a place holder with the only access to the locked down BPC's.
The loan structure will include one upfront injection of 4b isk for the first month in order to begin the project and to insure that I can meet the per month interest payments. Followed by the next 4b coming at the end of the first month once the project can prove it's potential.
The interest rate for the first three weeks will be set at 7.5% the following week will be a 4% COMPOUND interest rate which will include the payments of the first 3 weeks. The compound interest will serve as an incentive to hasten the repayment of outstanding interest and will also serve as a base in which the second month's interest rate can be negotiated before the other 4b is provided. That interest rate however is set at a negotiable 6.5% flat rate.
Withdraw of the initial 4b before the first month ends will result in forfeiting of % interest.
I am counting on the success of this 8b loan in order to procure a larger loan in approximately 3 months which which will be needed for project expansion.
4 plex are being held to insure repayment in case of disaster which would otherwise be used for play time.
Note: Only 4b needed for first month of project.
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Sepi
Gamma Draconis Industries Eternus Imperium Alliance
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Posted - 2010.09.07 20:06:00 -
[2]
ok many things wrong
1st, why do you need 4 billion for a pos and a few bpcs? -- Pos 150mill, labs etc 200mil, fuel 110mill BPCs are about 1mill per single run 2 You cannot lock down BPC's if you mean BPO's then i would worry that you cannot distinguish between the 2 3 Who are you? 4 How are you going to make money, @ 7.5% interest a week =300mill per week? 5 Plex are 330mill (at most) so 4 of these are 1.32bill? Where is rest of collatoral. 6 Who are you (yes i already asked it) 7 Why would you need 8 bill in 2nd month? 8 Audit 9 Audit? 10 Experience 11 Who are you?
ok you get the point
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Dagny Bronstein
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Posted - 2010.09.07 20:14:00 -
[3]
OP has found the ingenious Solution to Scammers we all have been looking for in the aftermath of the T4U scam, so please show some gratitude and send the 4/8b ISK asap.
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Fat Uncle
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Posted - 2010.09.07 21:11:00 -
[4]
Originally by: Abighail IThe interest rate for the first three weeks will be set at 7.5% the following week will be a 4% COMPOUND interest rate which will include the payments of the first 3 weeks.
At first I thought 'scam', but then I read that he is offering COMPOUND interest, so it must be legit. Sign me up for 2b.
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Abighail
Best of the SS
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Posted - 2010.09.07 21:21:00 -
[5]
Originally by: Fat Uncle
Originally by: Abighail IThe interest rate for the first three weeks will be set at 7.5% the following week will be a 4% COMPOUND interest rate which will include the payments of the first 3 weeks.
At first I thought 'scam', but then I read that he is offering COMPOUND interest, so it must be legit. Sign me up for 2b.
Ok evemail me in game and perhaps I can find someone with another 2 bil so we can start. Don't send ISK until another 2 is secured.
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Berikath
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Posted - 2010.09.07 21:33:00 -
[6]
Originally by: Abighail
Originally by: Fat Uncle
Originally by: Abighail IThe interest rate for the first three weeks will be set at 7.5% the following week will be a 4% COMPOUND interest rate which will include the payments of the first 3 weeks.
At first I thought 'scam', but then I read that he is offering COMPOUND interest, so it must be legit. Sign me up for 2b.
Ok evemail me in game and perhaps I can find someone with another 2 bil so we can start. Don't send ISK until another 2 is secured.
Your sarcasm detector is off. You should probably fix that.
Saying you're paying compound interest is the same as saying you won't be making interest payments until the loan is due.
Unless you can come up with a reason why you need about 3.5 billion more ISK than your plan would indicate, nobody's gonna lend you money. Hell, even if you DO come up with a reason, they probably won't.
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Abighail
Best of the SS
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Posted - 2010.09.07 22:12:00 -
[7]
Originally by: Berikath
Originally by: Abighail
Originally by: Fat Uncle
Originally by: Abighail IThe interest rate for the first three weeks will be set at 7.5% the following week will be a 4% COMPOUND interest rate which will include the payments of the first 3 weeks.
At first I thought 'scam', but then I read that he is offering COMPOUND interest, so it must be legit. Sign me up for 2b.
Ok evemail me in game and perhaps I can find someone with another 2 bil so we can start. Don't send ISK until another 2 is secured.
Your sarcasm detector is off. You should probably fix that.
Saying you're paying compound interest is the same as saying you won't be making interest payments until the loan is due.
Unless you can come up with a reason why you need about 3.5 billion more ISK than your plan would indicate, nobody's gonna lend you money. Hell, even if you DO come up with a reason, they probably won't.
Why would I ask for more than I know I'll need? That's just more interest I'll have to pay back. Also, the compound interest was supposed to serve as an as an incentive for me to provide a speedy return and for insurace to the lender that he would be recieving substantially more money if the payment was late. Also I think my proposal was just fine compared to other loans I see here were people just ask for 20b and they get it
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Krythas
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Posted - 2010.09.07 23:22:00 -
[8]
Originally by: Abighail
Why would I ask for more than I know I'll need? That's just more interest I'll have to pay back. Also, the compound interest was supposed to serve as an as an incentive for me to provide a speedy return and for insurace to the lender that he would be recieving substantially more money if the payment was late. Also I think my proposal was just fine compared to other loans I see here were people just ask for 20b and they get it
4 points, and 4 fails.
I don't think I will even go into what exactly was wrong here as well.. it all pretty much was.
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Lucyna
Minmatar Interstellar Killer Bee Enterprises
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Posted - 2010.09.07 23:32:00 -
[9]
This doesn't justify a response but I'll bite hard
*Crack's tooth* fuuuuuuuuuu
Anyway: using a flag system that's popular with the auditors WARNING THIS IS NOT AN AUDIT -
Character has an interesting corporation. Come on man, neo-**** much? (Red Flag)
Character has no history. (Red Flag)
Char doesn't know why offering a commpound interest rate doesn't matter. (Red Flag)
Char jumps straight into an 8 bil loan off the bat (Red Flag)
Char doesn't really know how he's going to spend 4 bil of investor money, much less 8 bil (lack of a business plan = radioactive glowing red flag)
Char doesn't mention who is holding the PLEX's nor does he mention why only 4 are being provided, and not 4 bil worth of Plex's. (I'll let you guess the color).
Overall this character is basically waving a huge red commie flag over his head. He's obviously a BB fanboi. I'm not surprised in the slightest that he's offering this. However there still is the possibility that he tries to run this legit with the end goal of scamming 100x the amount, so the investment doesn't have a 0% chance of sucess _________ Eve - for when I'm not playing minecraft ;) |
admiral fovios
Minmatar Pator Tech School
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Posted - 2010.09.07 23:36:00 -
[10]
My favorite part is that the OP's ban for TOS name and Corp Name violations can be no more than minutes away.
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Abighail
Best of the SS
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Posted - 2010.09.08 01:07:00 -
[11]
Originally by: admiral fovios My favorite part is that the OP's ban for TOS name and Corp Name violations can be no more than minutes away.
Nice prediction dip****.
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Krythas
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Posted - 2010.09.08 01:24:00 -
[12]
Originally by: Abighail
The loan structure will include one upfront injection of 4b isk for the first month in order to begin the project and to insure that I can meet the per month interest payments. Followed by the next 4b coming at the end of the first month once the project can prove it's potential.
oh oh, I can play this game too !
Character admitted to using initial investment to pay off interest :: Red Flag
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