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Candy Oshea
Techfree Investment Group
64
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Posted - 2013.02.12 03:21:00 -
[31] - Quote
Interesting Note:
220 PLEX at the time of the Bond issue - Avg price - 563. = 123,860,000,000 220 PLEX yesterdays - Avg Price - 529 (and on the slide.) = 116,380,000,000
Approx 7.5b in Loss in value. (although ample to cover investors)
123b could have been converted to BPOs, & possibly researched, with no value loss (smart purchasing of BPO's though, no Super/titan BPOs) & OP wouldn't have to worry about loss on value for collateral.
I Hope whoever this loan is for, is making more than (7.5b) + 2b interest payments per month. I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |
Vaerah Vahrokha
Vahrokh Consulting
3794
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Posted - 2013.02.12 08:13:00 -
[32] - Quote
Candy Oshea wrote: Approx 7.5b in Loss in value. (although ample to cover investors)
123b could have been converted to BPOs, & possibly researched, with no value loss (smart purchasing of BPO's though, no Super/titan BPOs) & OP wouldn't have to worry about loss on value for collateral.
I Hope whoever this loan is for, is making more than (7.5b) + 2b interest payments per month.
I commented on this issue right in this thread.
There are a number of factors concurring into this situation:
1) As someone with direct experience I can tell you that it's not a totally quick task converting lots of PLEX into ISK and vice - versa. This imposes both sensible in game costs and to spend RL time, something that would make the 2% interest unrealistic. After all, just do a very quick math about selling all those PLEXes, buying something else, then later on sell the something else and purchase the PLEXes again. Or buy capital BPOs for that amount, research them and then try liquidating them all in any sensible amount of time.
2) Many times (as I said in the linked comment) people borrow money to hold on speculative collateral they believe to appreciate. Most don't exactly know how to really predict price so they "hope" it'll appreciate. Guess what, it tends to not end well...
3) In general if you want to protect collateral you have to safeguard it with one of several ways: insurance, CDS, active / passive re-investment, hedging... These things don't come free, they don't fit in 2% interest rate. Plus it's not a given that the Collateral Holder knows or offers those safeguards.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Candy Oshea
Techfree Investment Group
69
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Posted - 2013.02.12 10:43:00 -
[33] - Quote
Could of swung both ways i suppose, it still could. must be lovely to not care either way, and watch people wonder "why" I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |
Professional Forum Alt
Center for Advanced Studies Gallente Federation
15
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Posted - 2013.02.19 20:06:00 -
[34] - Quote
Repayment of the first half (50b) will happen one of the next days, he just needs to sell off a bit more. The investment is going very well.
Shame I can't say the same about my collateral - lol. But then again - it's just going back into the pile
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Professional Forum Alt
Center for Advanced Studies Gallente Federation
15
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Posted - 2013.02.19 20:07:00 -
[35] - Quote
Of course along with the 2b interest for the full month anyways. |
Grendell
Technologies Unlimited Superior Eve Engineering
202
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Posted - 2013.02.20 20:35:00 -
[36] - Quote
I'll be cashing out 50b worth of investors at the end of the month, as I've received a 50b payment on the debt today.
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Grendell
Technologies Unlimited Superior Eve Engineering
212
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Posted - 2013.02.28 22:48:00 -
[37] - Quote
Interest paid.
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Grendell
Technologies Unlimited Superior Eve Engineering
216
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Posted - 2013.03.08 00:01:00 -
[38] - Quote
Cecil Archer has requested to cashout, so I've replaced her with deposit money from. Cecil Archer - 25b - Cashed out! BringNRain - 25b - Cashed in!
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Professional Forum Alt
Center for Advanced Studies Gallente Federation
19
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Posted - 2013.03.08 11:18:00 -
[39] - Quote
Good news (or bad for some).
The investment has gone very well, and the bond will be closed at the end of the month. Once I have been fully repaided, I will pass it along to Grendell. Been told about 1-2 weeks
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Grendell
Technologies Unlimited Superior Eve Engineering
225
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Posted - 2013.03.21 23:58:00 -
[40] - Quote
This has been re-paid!
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