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analtanalt
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Posted - 2011.07.05 21:31:00 -
[1]
Edited by: analtanalt on 05/07/2011 21:32:12 Looking to float a loan in the form of a bond with 5% interest payable after 30 days.
-Summary of Business- The business I run is trading. It is low risk, fairly stable, but not amazing, growth. I am looking to expand it, as well as turn it into something with greater growth potential.
-Background- For those of you who don't know of me (and most of you won't, because I've played eve for a while but only rarely forayed into the MD forum), I am a long-time player who has done a lot of different things in my game time. Until I started trading, I was not able to support myself through playing, without playing so much that I would burn myself out. In the past I have run a successful standings service but it was so popular that I ended up burning myself out.
I am back playing now, after a six month hiatus to deal with RL issues and RL unemployment, but the liquid assets I had did little more than cover my PLEX, and my trading ability has diminished significantly. This bond will get my trading boosted, and allow me to be in a position to support myself and grow my business.
-Disclosure of Alts- This is my only alt, Analtanalt. I have a main character, tigerras as well.
-Exit Strategy- Should something terrible happen, and the market busts, or I fail miserably at my business, I do have some assets to sell to cover losses. I have a Capital Cargo Bay BPO that is worth around 1bn isk itself. i would sell it to cover costs instead of taking this loan, but I hate selling assets once I have them, unless I intended to sell them all along. Since I am trading, whatever I buy I sell again, so loosing the whole 1bn is remarkably unlikely, but the BPO and other ship assets I have would more than cover the 1bn + interest, even sold at firesale.
-Investiture- I am looking for one or more investors to contribute a total of 1 billion isk, which will be payed back with 5% interest 30 days from the date of the loan. There will be no direct collateral for this loan.
Questions?
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Tigerras
Smash Incorporated
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Posted - 2011.07.05 21:33:00 -
[2]
Posting to prove I am, indeed, the main of the poster...and that I need to change that character to have a name that is alphabetically after this one >_<
Or just remember to use the character drop down properly when posting.
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Atima
Minmatar House of Marbles
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Posted - 2011.07.05 21:38:00 -
[3]
I would be happy to hold that blueprint as collateral against your offering. Alternatively I would suggest Kazuo Ishiguro ( he provided this service to myself when I first started out in a similar position ). There are many others here who I would reccomend i.e.Vaerah Verokha. I'm sure many of them will be along to this thread soon with similar advice.
Otherwise, best of luck. But since you have suitable collateral you really should use it.
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Atima
Minmatar House of Marbles
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Posted - 2011.07.05 21:47:00 -
[4]
Edwin Rothbard also offers loans against Blueprints and it would allow you to cut out the MD forum entirely.
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Tigerras
Smash Incorporated
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Posted - 2011.07.05 22:47:00 -
[5]
Edited by: Tigerras on 05/07/2011 22:50:55
Originally by: Atima Edwin Rothbard also offers loans against Blueprints and it would allow you to cut out the MD forum entirely.
His interest rates are a bit higher than I want to pay, and pays only 75% of the value of the items. So the BPO would net me between 750m and 900m, I'd rather try to get it at 5% non-collateralized.
EDIT: actually significantly lower, as he values them at NPC prices, so about 560m, half of what I need.
Or, if there's interest I could do a 3% with full collateral held by a third party.
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Tigerras
Smash Incorporated
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Posted - 2011.07.06 10:27:00 -
[6]
Any particular reason there are zero bites on this? Not even a request for more info?
Would reposting it as a collateralized bond with a third party help?
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Tekota
legion industries ltd AAA Citizens
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Posted - 2011.07.06 10:55:00 -
[7]
Ok, just one more question:
Are you confident that you can make sufficient cash over the next month to cope with the outgoings at the start of next month of the 1bn principal, the 50m interest, and 330-380m for another plex all whilst leaving you in a more self sufficient position than you are currently?
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Jericho Covenant
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Posted - 2011.07.06 11:03:00 -
[8]
I'll happily foot you a 1Bn loan at 5% for 30-days but I hold your BPO as collateral.
You get your money, there's no interest or 3rd party fees outside our agreement and you don't have to sell the asset.
If it all does go pear-shaped we're both covered.
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Tigerras
Smash Incorporated
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Posted - 2011.07.06 11:08:00 -
[9]
Originally by: Tekota Ok, just one more question:
Are you confident that you can make sufficient cash over the next month to cope with the outgoings at the start of next month of the 1bn principal, the 50m interest, and 330-380m for another plex all whilst leaving you in a more self sufficient position than you are currently?
I will be honest to say I am shaking off cobwebs and getting used to the changes that have occurred since I last played. Let me work through the "worst case" scenarios that I can think of:
1. Utter failure of trading, losses that bring me below 1bn in total assets: I will sell the mentioned BPO and any other hard assets I have to cover the loan. I will simply sub via credit card, and pay the monthly fee, and try to figure out what went wrong.
2. Low success at trading: I maintain at least 1bn in assets, and gain a profit, but insufficient to the net 400m I'd need for interest + PLEX. In this case, I'd pay off the loan (or perhaps negotiate an extension), sub with real money, and try to figure out what I can do better.
In either case, I can always sub again with real money. I could have (and probably should have) done so from the beginning, but underestimated the amount of cash it would take to get back into business (and overestimated the liquidity of a few assets i have).
But to fully answer your question: yes I am certain I can make a 400m profit this month, provided I have the capital.
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Tigerras
Smash Incorporated
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Posted - 2011.07.06 11:11:00 -
[10]
Originally by: Jericho Covenant I'll happily foot you a 1Bn loan at 5% for 30-days but I hold your BPO as collateral.
You get your money, there's no interest or 3rd party fees outside our agreement and you don't have to sell the asset.
If it all does go pear-shaped we're both covered.
I'm considering your offer. Will wait to see what else comes up. If fully collateralized I am looking to pay less than 5% interest.
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Jericho Covenant
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Posted - 2011.07.06 11:51:00 -
[11]
Originally by: Tigerras
Originally by: Jericho Covenant I'll happily foot you a 1Bn loan at 5% for 30-days but I hold your BPO as collateral.
You get your money, there's no interest or 3rd party fees outside our agreement and you don't have to sell the asset.
If it all does go pear-shaped we're both covered.
I'm considering your offer. Will wait to see what else comes up. If fully collateralized I am looking to pay less than 5% interest.
Not sure why you'd feel the need to pay less interest, there's less risk and no extra outlay - can you explain? Thanks.
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Atima
Minmatar House of Marbles
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Posted - 2011.07.06 12:10:00 -
[12]
Originally by: Jericho Covenant
Originally by: Tigerras
Originally by: Jericho Covenant I'll happily foot you a 1Bn loan at 5% for 30-days but I hold your BPO as collateral.
You get your money, there's no interest or 3rd party fees outside our agreement and you don't have to sell the asset.
If it all does go pear-shaped we're both covered.
I'm considering your offer. Will wait to see what else comes up. If fully collateralized I am looking to pay less than 5% interest.
Not sure why you'd feel the need to pay less interest, there's less risk and no extra outlay - can you explain? Thanks.
You just answered your own question. There is less risk.
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Jericho Covenant
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Posted - 2011.07.06 12:25:00 -
[13]
Originally by: Atima
Originally by: Jericho Covenant
Originally by: Tigerras
Originally by: Jericho Covenant I'll happily foot you a 1Bn loan at 5% for 30-days but I hold your BPO as collateral.
You get your money, there's no interest or 3rd party fees outside our agreement and you don't have to sell the asset.
If it all does go pear-shaped we're both covered.
I'm considering your offer. Will wait to see what else comes up. If fully collateralized I am looking to pay less than 5% interest.
Not sure why you'd feel the need to pay less interest, there's less risk and no extra outlay - can you explain? Thanks.
You just answered your own question. There is less risk.
There is. But at no cost. If I or a third party charged for holding collateral, it's perfectly understandable that interest rate would drop to cover.
So not sure on the logic of the statement still.
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Atima
Minmatar House of Marbles
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Posted - 2011.07.06 12:28:00 -
[14]
Eve is a free market. If the risk drops, the percieved value of the customer ( i.e. you ) increases. If the percieved value increases, he is able to demand a higher price for the item ( in this situation lower return % )
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Jericho Covenant
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Posted - 2011.07.06 12:36:00 -
[15]
Originally by: Atima Eve is a free market. If the risk drops, the percieved value of the customer ( i.e. you ) increases. If the percieved value increases, he is able to demand a higher price for the item ( in this situation lower return % )
He can demand, sure, but the gentleman has done himself out of a deal. There's no business sense in that.
I'd also argue he's my customer. Same as anyone else is a customer to a bank or other lending establishment.
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Atima
Minmatar House of Marbles
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Posted - 2011.07.06 12:41:00 -
[16]
It could be contrieved both ways. However due to supply and demand he's going to offer the lowest return he can get away with. Its in his best interest.
Since he is offering collateral demand is going to be high.
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Tigerras
Smash Incorporated
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Posted - 2011.07.06 12:46:00 -
[17]
Originally by: Jericho Covenant
Originally by: Atima Eve is a free market. If the risk drops, the percieved value of the customer ( i.e. you ) increases. If the percieved value increases, he is able to demand a higher price for the item ( in this situation lower return % )
He can demand, sure, but the gentleman has done himself out of a deal. There's no business sense in that.
I'd also argue he's my customer. Same as anyone else is a customer to a bank or other lending establishment.
There's business sense in trying to get a better bargain.
Any other offers besides Mr. Covenant?
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Atima
Minmatar House of Marbles
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Posted - 2011.07.06 12:55:00 -
[18]
Originally by: Tigerras
Originally by: Jericho Covenant
Originally by: Atima Eve is a free market. If the risk drops, the percieved value of the customer ( i.e. you ) increases. If the percieved value increases, he is able to demand a higher price for the item ( in this situation lower return % )
He can demand, sure, but the gentleman has done himself out of a deal. There's no business sense in that.
I'd also argue he's my customer. Same as anyone else is a customer to a bank or other lending establishment.
There's business sense in trying to get a better bargain.
Any other offers besides Mr. Covenant?
None from me, but best of luck. If you offering collateral i'd reccomend a new thread.
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Tekota
legion industries ltd AAA Citizens
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Posted - 2011.07.06 13:03:00 -
[19]
Go on then, 1 bill, one calender month, no collateral, 5%. Holler when you want it sent.
Have a vaguely good feeling about this one for some reason, either means OP is legit or I picked the wrong mushrooms for last night's risotto.
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Jericho Covenant
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Posted - 2011.07.06 13:19:00 -
[20]
/me bows.
Good luck both.
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Tigerras
Smash Incorporated
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Posted - 2011.07.06 15:44:00 -
[21]
Originally by: Tekota Go on then, 1 bill, one calender month, no collateral, 5%. Holler when you want it sent.
Have a vaguely good feeling about this one for some reason, either means OP is legit or I picked the wrong mushrooms for last night's risotto.
Mmmm...strange mushroom risotto.
I will take you up on your offer, good sir, send the isk at your convenience, and I thank you very much. You will receive repayment + interest totalling 1.05b isk by August 6th.
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Tekota
legion industries ltd AAA Citizens
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Posted - 2011.07.06 15:48:00 -
[22]
Sent at c. 15:47 with journal entry "1bn loan".
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analtanalt
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Posted - 2011.07.06 15:51:00 -
[23]
Originally by: Tekota Sent at c. 15:47 with journal entry "1bn loan".
isk received, thank you...
great, now I'm craving Italian food.
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Tigerras
Smash Incorporated
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Posted - 2011.07.06 15:55:00 -
[24]
Originally by: analtanalt
Originally by: Tekota Sent at c. 15:47 with journal entry "1bn loan".
isk received, thank you...
great, now I'm craving Italian food.
I need to melt that alt after this Bond, but before I try any other MD Bonds...just for my own (and investors) sanity.
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OllieNorth
Gallente R-K Industries
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Posted - 2011.07.06 22:00:00 -
[25]
Your AnalTanAlt really rocks your world.
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Tigerras
Smash Incorporated
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Posted - 2011.07.07 03:52:00 -
[26]
Originally by: OllieNorth Your AnalTanAlt really rocks your world.
That explains those random weird messages I keep getting from creepy guys...
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Dethmourne Silvermane
Gallente Saiph Industries SRS.
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Posted - 2011.07.07 13:16:00 -
[27]
I realize the bond's already running, but I just wanted to say that my dealings in the past with Tigerras were always concluded swiftly and successfully to my satisfaction.
Although the prices were a bit steep for standings, imho
My third-party service My loan service My Character Purchase Program |
Tigerras
Smash Incorporated
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Posted - 2011.07.10 03:05:00 -
[28]
Edited by: Tigerras on 10/07/2011 03:06:19
Originally by: Dethmourne Silvermane I realize the bond's already running, but I just wanted to say that my dealings in the past with Tigerras were always concluded swiftly and successfully to my satisfaction.
Although the prices were a bit steep for standings, imho
Sorry if the prices were a bit much, but clearly the market allowed for it (fewer competing services, and lots of demand). I feel differently, because it was a lot of hard work from my perspective.
I only wish I could keep doing it. I am looking for a reasonable way to cut the time commitment *and* do it at all now that standings are hidden to others.
But anyhow, thanks for the kind words, and glad you remember me after a year and a half. |
Tigerras
Smash Incorporated
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Posted - 2011.07.15 17:15:00 -
[29]
Quick 9 day update (would have done it on the 13th but have had RL things that eat up more of my time than I'd like).
Starting Value of Assets in the Market/Liquid Capital: approx 600m Investment: 1000m Net: 1600m as of the 6th
Current Value of Asets/Orders in the Market: 1813.5m Liquid Isk: 185m Net: 1998.5m isk
I also have 400m isk invested in Coffe's Babe 's Bond, which (provided its legit) will return 448m by third of August. However, I made sure this would not impact this bond (effectively investing with "my money" and hodling the bond funds and interest seperate in my calculations) With this isk my Net is up to 2446.5m isk.
Will try to update again on the 20th, but not sure what my schedule will do by then. --------------------------------------- Tigerras's Audits and Third-Party Servicing |
Tigerras
Smash Incorporated
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Posted - 2011.07.18 01:45:00 -
[30]
Repayment sent to Tekota at 2011.07.18 01:43 eve time in the amount of 1.05bn isk, paid considerably early as I made the judgement I could do without it, and I'm sure my investor would prefer his money now as opposed to me waiting until August.
Thanks for your trust and the investment, Tekota. --------------------------------------- Tigerras's Audits and Third-Party Servicing |
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