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Jaxx McCoy
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Posted - 2011.08.15 14:56:00 -
[1]
New face on MD here, trying to begin grinding out an honest reputation. That is the one and only purpose of this bond.
I would like to borrow the total amount of 1 billion isk from public investors, and pay back that amount with interest after about 15 days.
My business plan: Absolutely none! The invested ISK will sit in a seperate division of my corp wallet and will not be touched until the repayment date, and I will be paying the interest with my own personal ISK made through other ventures.
I fully plan on repeating this or similar bonds, for further rep grinding.
I would like to separate this bond into 5 chunks of 200m each, to expose my name a bit more, but I understand that interest will be limited due to the risk of being scammed, so if it comes down to it, I would be willing for fewer investors to fill the whole thing.
I have some items available for collateral, but this bond will be uncollateralized, because the currency I want to deal with here is trust (in short supply I know).
Am I an alt? Why yes, yes I am. My main character is a fairly well established Hi-sec carebearer since 2006. I would prefer not to disclose this information publicly because I have been entertaining the idea of doing some character selling/buying on the character baazar forum, and I want to avoid attaching the rep I want to build on this character with my other toons who may or may not stay in my posession.
I would be glad to privately disclose my main identity to those investors who choose to trust me.
Is this risky? As with anything on MD or available anywhere in EVE for that matter, its hard to be sure it's not a scam. I fully expct to not be trusted much at this point.
Due to the odd nature of this bond, in that the invested ISK will not actually be USED for anything, I will pay your interest UP FRONT. As soon as I recieve your ISK for the investment, I will pay the 5%, and hold the rest until the repayment date.
This will only tie up your money for about 2 weeks, and make a quick 5%. I know 1 billion is chump change for most of the MD crowd, much less the paltry 200m I would like per investor, but this is a good short term easy income.
My eventual goal: This is a long term project to increase my rep with the MD forum crowd. I hope to build myself up solidly enough to eventually become a trusted 3rd party for investment and business transactions, as well as holding collateral, so people feel safe and secure using my services. For a small fee of course!
Bond spots:
200m - 200m - 200m - 200m - 200m -
P.S. Jerry, as much as I would love for someone to trust me with 20 billion, I will have to politely decline your investment at this time, as I have no plans to use that capital to make more money, and no inclination to pay interest on such a sum.
Thank you!
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Johann King
Caldari
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Posted - 2011.08.15 15:09:00 -
[2]
YOU'RE NEW AND YOU ALREADY KNOW ABOUT JERRY'S 20B INVESTMENT?
RRRRRRRRRRRRRRIGHT....
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Jaxx McCoy
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Posted - 2011.08.15 15:12:00 -
[3]
I meant a new face as in posting. As you can see I have lurked these forums before but have never invested my ISK nor asked for public ISK prior to this instance.
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OllieNorth
Gallente R-K Industries
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Posted - 2011.08.15 15:12:00 -
[4]
Originally by: Johann King YOU'RE NEW AND YOU ALREADY KNOW ABOUT JERRY'S 20B INVESTMENT?
RRRRRRRRRRRRRRIGHT....
It takes some high-end detective work to notice Jerry's habit. He must be a scammer!
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Tom Hagen
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Posted - 2011.08.15 15:58:00 -
[5]
I'll take a chance on you - sign me up for any sum up to 500M @ 5% /2 weeks.
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Jaxx McCoy
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Posted - 2011.08.15 16:03:00 -
[6]
Tom I put you down for 2 spots @ 200m each. You may send 400m ISK at your leisure.
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Tekota
The Freighter Factory
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Posted - 2011.08.15 16:24:00 -
[7]
Originally by: Jaxx McCoy Why yes, yes I am. My main character is a fairly well established Hi-sec carebearer since 2006. I would prefer not to disclose this information publicly because I have been entertaining the idea of doing some character selling/buying on the character baazar forum, and I want to avoid attaching the rep I want to build on this character with my other toons who may or may not stay in my posession.
I would be glad to privately disclose my main identity to those investors who choose to trust me.
Assuming character trades took place on the Character Bazaar forum then any rep attachment would surely end at date of sale? Anyone in future searching your forum history to attempt to ascertain an idea of trustworthiness would see the char sale and note that activities performed after the sale date are not relevant.
Now, I concede that a history of character transfers can have a negative impact on perceived risk, however you've already been open to that one so that cat's out the bag, we know that the person behind Jaxx McCoy is considering dabbling in the character transfer market so we adjust perceived risk accordingly - how would that perception be worse if we knew the current main and saw that down the line it got sold?
Now I'm not currently in a position to invest in anything regardless of quality so feel free to ignore all this, but personally rather than your proposed solution of "give me the money and then I'll tell you the main" I'd infinitely prefer "I'll tell you the main then you decide whether to give me the money".
I just can't see what you have to lose in disclosing it unless you have something to hide or don't want to sully the reputation of a solid char - the possibility of a link to character sales is already there as you've already stated it.
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Caliph Muhammed
Caldari Naval Criminal Investigative Service
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Posted - 2011.08.15 16:30:00 -
[8]
Edited by: Caliph Muhammed on 15/08/2011 16:29:58 Character is 3 months old. Character is an alt. Character wants 1 billion isk.
As per my other message in the other thread
-do not loan money to a character less than one year old -do not loan money to a character that has been sold or purchased -limit the investment to 1 billion per complete year of existence.
He may have alot of reasons to hide his main, none of which any investor on this forum should give a hoot about.
~Bad Investment.
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Jaxx McCoy
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Posted - 2011.08.15 16:42:00 -
[9]
Tek - Thank you for the information, I had no idea that I was tarnishing my reputation at all by merely mentioning the possibility of character baazar transactions!
Caliph - I understand your skepticism 100%. From your posts you seem like a smart investor and I wish you luck in all your future business endeavors!
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Tom Hagen
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Posted - 2011.08.15 16:46:00 -
[10]
Ah, great!
Before I wire the ISK, I'd prefer if your main could send me an in-game mail to verify identity and to reduce risk involved
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Johann King
Caldari
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Posted - 2011.08.15 16:52:00 -
[11]
THE FACT THAT HE SAID HE'S TRYING TO DO MD REP GRIND IS PROBABLY A DEAD GIVE AWAY THAT THIS IS A SCAM
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Jaxx McCoy
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Posted - 2011.08.15 16:52:00 -
[12]
Mail sent sir.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.08.15 18:50:00 -
[13]
I have to say, I loved reading this offer. If MD can't think up a better M.O. than picking investments by simply declaring established borrowers with a history as "safe" and others as "unsafe," completely independent of how clever, hard-working, or handsome they are, well, it can hardly complain when people put up offerings like this.
Of course, I have no clue whether you're legit or not, but I hope it's the former so we can share drinks at Fanfest sometime.
That being said, one red flag for me: if you're serious about becoming trustworthy, don't plan on using the funds for anything, and were going to pay back the interest immediately anyway, what possible reason could you have for not offering the entire sum back immediately?
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Tom Hagen
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Posted - 2011.08.15 19:29:00 -
[14]
ISK sent!
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Angsty Teenager
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Posted - 2011.08.15 19:34:00 -
[15]
I pledge -20bil.
Jury Peeprider told me this was a scam. So I'm telling you. But I personally disagree, that's why I'm investing.
-Jerry Purpleridge faniboi.
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Jaxx McCoy
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Posted - 2011.08.15 19:40:00 -
[16]
Confirming 400m ISK recieved from Tom Hagen.
20m sent as interest payment in advance as promised.
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Jaxx McCoy
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Posted - 2011.08.15 19:51:00 -
[17]
Kethas, thanks for the kind words. I think I have at least 2 of those 3 categories covered... Clever, handsome (well beautiful is probably a better word) but hard working...? Thats debatable. I would sincerely enjoy drinking at fanfest some year, but only if you're buying ofcourse!
Good question about sending the full amount back immediately. I dont really have an answer to that other than if I operated the way you said I would be broke quickly, as I'm basically running this at a loss. With the current setup I can spread my name around more by having it on page 1 of MD 3 times, once for the creation, once for the bond being full, and once for the bond being completed and paid back.
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Coffe's Babe
Caldari
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Posted - 2011.08.15 21:44:00 -
[18]
Edited by: Coffe''s Babe on 15/08/2011 21:44:35
Originally by: Jaxx McCoy
Absolutely none! The invested ISK will sit in a seperate division of my corp wallet and will not be touched until the repayment date, and I will be paying the interest with my own personal ISK made through other ventures.
Are you so incapable that you need help to lose money?
Also, why not pay people back instantly if you want to rep grind. Some people are so bad at this..
Smart people have quotes in their sig - me |
Caliph Muhammed
Caldari Naval Criminal Investigative Service
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Posted - 2011.08.15 21:51:00 -
[19]
Edited by: Caliph Muhammed on 15/08/2011 21:58:11
Originally by: Jaxx McCoy Kethas, thanks for the kind words. I think I have at least 2 of those 3 categories covered... Clever, handsome (well beautiful is probably a better word) but hard working...? Thats debatable. I would sincerely enjoy drinking at fanfest some year, but only if you're buying ofcourse!
Good question about sending the full amount back immediately. I dont really have an answer to that other than if I operated the way you said I would be broke quickly, as I'm basically running this at a loss. With the current setup I can spread my name around more by having it on page 1 of MD 3 times, once for the creation, once for the bond being full, and once for the bond being completed and paid back.
What you are doing isn't building credibility or reputation. More notoriety if anything. Tom is a gambler and in my opinion invests much like playing texas holdem. (That's not necessarily bad though if his bankroll supports it.)
There is more to building rep and cred than paying someone back interest. Hell, for all we know Tom could be your main and this your alt. Or Tom could be a Jerry alt paid to endorse scams or offerings.
Eitherway, you've demonstrated nothing as of yet nor will you have through this offering that will move your credibility an inch.
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Jaxx McCoy
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Posted - 2011.08.15 22:18:00 -
[20]
Coffe, I'm more than capable of losing ISK on my own, unfortunately. I'm not a trader or anything, and like Tom I guess, sometimes my adventures cost me more than I make.
Caliph, I'm new at this, what would you suggest that I do to build up rep?
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Jerry Pepridge
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Posted - 2011.08.15 22:33:00 -
[21]
can i have my meme back pls fanboi's? _________________________________________________
Misty McGinnity Doesn't have an iPhone. |
Tom Hagen
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Posted - 2011.08.15 22:47:00 -
[22]
Originally by: Caliph Muhammed What you are doing isn't building credibility or reputation. More notoriety if anything. Tom is a gambler and in my opinion invests much like playing texas holdem. (That's not necessarily bad though if his bankroll supports it.)
There is more to building rep and cred than paying someone back interest. Hell, for all we know Tom could be your main and this your alt. Or Tom could be a Jerry alt paid to endorse scams or offerings.
Eitherway, you've demonstrated nothing as of yet nor will you have through this offering that will move your credibility an inch.
While I appriciate being known for something I hardly would see myself as a gambler and results from my investments have been quite encouraging.
As an investor, I also review each offering separately, and while Jaxx might or might not be succesful in building a long-term rep based on this as his first thread, the current investment falls within my investment philosophy with regards to risk versus pay-out.
In my experience, much of succesful investment comes down to pulling out in time and avoiding that last offering. A good example would be Tutskii, where I had a couple of very nice investments early in his career, but where risk of default in his last offering has clearly been unappetizing to me in the latest offerings..
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Jerry Pepridge
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Posted - 2011.08.15 23:08:00 -
[23]
OP is tiggeras _________________________________________________
Misty McGinnity Doesn't have an iPhone. |
Jaxx McCoy
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Posted - 2011.08.15 23:59:00 -
[24]
Originally by: Jerry Pepridge OP is tiggeras
Is that one of the characters from Thundercats?
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Dextrust
Nomen Hoc Latinum
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Posted - 2011.08.16 00:20:00 -
[25]
Edited by: Dextrust on 16/08/2011 00:22:27
Originally by: Johann King THE FACT THAT HE SAID HE'S TRYING TO DO MD REP GRIND IS PROBABLY A DEAD GIVE AWAY THAT THIS IS A SCAM
This.
There are two possibilities: 1) He is grinding rep so he can scam you for more money later. 2) He is hoping that people who suspect him of being a scammer will still assume he will pay out on this particular bond because of #1, and invest anyway.
Also Tom Hagen is most likely his alt. |
Kethas Protagonist
Protagonist Ventures
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Posted - 2011.08.16 00:23:00 -
[26]
Originally by: Kethas Protagonist That being said, one red flag for me: if you're serious about becoming trustworthy, don't plan on using the funds for anything, and were going to pay back the interest immediately anyway, what possible reason could you have for not offering the entire sum back immediately?
Originally by: Jaxx McCoy ... Good question about sending the full amount back immediately. I dont really have an answer to that other than if I operated the way you said I would be broke quickly, as I'm basically running this at a loss. With the current setup I can spread my name around more by having it on page 1 of MD 3 times, once for the creation, once for the bond being full, and once for the bond being completed and paid back.
That isn't an answer. In your OP you pledge to put the principal in a lockbox and not touch it until you repay your investor(s). If you do that, then having it sit idle in a corp wallet division and repaying to investors are equivalent - you can't use the cash to pay other debts either way. When you return the principal is immaterial to whether you end up "broke" or not.
I'll throw you a bone: the only legitimate reason I can think of for you to not want to return the principal immediately is that you want to demonstrate your trustworthiness for the full 1B and not a fraction. If, for example, ten people each gave you 100M in succession and you repaid one in full + interest before receiving the next 100M, you'd never hold more than 100M in borrowed cash and thus demonstrate trustworthiness with funds up to 100M, not 1B. In other words, I can think of a legit reason for you to not want to pay back investors until the loan fills, but I can't think of a legit reason to hold onto the funds after that.
Please either pledge to return the full 1B no later than receipt of the full 1B from investors or give us a good reason why you won't. (My thinking above may be wrong! I enjoy being proven wrong!) Otherwise I may be tempted to give Jerry the okay to start writing SCAM in big red letters. Again. |
Jaxx McCoy
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Posted - 2011.08.16 00:56:00 -
[27]
Your point is convincing sir. I do kind of want to prove my trust for the full amount of 1b, but you're right, there is no legitamate reason for me to hold the isk beyond that so...
I will update OP.
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Candy Oshea
Amarr Techfree Investment Group
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Posted - 2011.08.16 01:24:00 -
[28]
Originally by: Jaxx McCoy New face on MD here, trying to begin grinding out an honest reputation. That is the one and only purpose of this bond.
I would like to borrow the total amount of 1 billion isk from public investors, and pay back that amount with interest immediately upon reciept of the full 1 billion.
___ iCandy Bonds
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Coffe's Babe
Caldari
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Posted - 2011.08.16 01:31:00 -
[29]
Edited by: Coffe''s Babe on 16/08/2011 01:32:26
U also want to "grind rep" for an "alt" which you made only for this purpose. Anyone with half a brain would be able to read between the lines and the many obvious contradictions in your post. Just sayin'
Smart people have quotes in their sig - me |
Angsty Teenager
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Posted - 2011.08.16 01:33:00 -
[30]
The best part about this bond is that it's basically a "I have x amount of isk to give away, give me any amount and ill double it!" except in this case it's "I'll 1.05x it!, GREAT DEAL."
Oh, and we're not in jita, that too.
-Jirry Peepridge fanbioi.
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