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Professional Forum Alt
The Witness Protection Program
139
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Posted - 2014.05.11 17:06:00 -
[1] - Quote
Bond size, investors and payouts
Bond size : 300b
Collateral : 305b - Confirmed
Investors : 280b flakeys - Confirmed 20b Alek Azam - Reserved
50b Vaerah Vahrokha - Reserved 50b flakeys - Reserved
Payouts : -
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Professional Forum Alt
The Witness Protection Program
139
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Posted - 2014.05.11 17:06:00 -
[2] - Quote
Godday.
I'm looking for investors. As I have found a real good investment opportunity, while talking to some key CCP people at FanFest.
So I'm looking to raise as much ISK as possible, while the market has not reacted.
Interest payout will be 1.8%. I will use Chribba to hold 100%+ collateral, with an option for more collateral later, if the market is still good.
The fine print :
Amounts need to be in full billions. Interest will be 18m per billion per each full period (30 days) - For easier accounting
In the event of a default, or lack of collateral, investors will be refunded their capital investment and accrued interest to that point it's possible. Any ISK after the liquidation will be taken be Chribba as extra payment. investors will get priority by time of investment, if need be, after Chribba's pay.
No fixed duration. Expected 2-3months. Cash out requests requires 14 days notice.
Periodically the bond will be lowered as I will buys back parts of the bond from investors. - If so, the interest payout will be for the full period for any started period.
Old bonds PFA01 BOND 100b : https://forums.eveonline.com/default.aspx?g=posts&t=185946 PFA02 BOND 050b : https://forums.eveonline.com/default.aspx?g=posts&t=252824 PFA03 BOND 025b : https://forums.eveonline.com/default.aspx?g=posts&t=301630 PFA04 BOND 150b : https://forums.eveonline.com/default.aspx?g=posts&t=320712
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Professional Forum Alt
The Witness Protection Program
139
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Posted - 2014.05.11 17:07:00 -
[3] - Quote
Updates
Bond has moved from : https://forums.eveonline.com/default.aspx?g=posts&t=320712&p=4
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Super Nashwan Power
Isk Fountain
1
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Posted - 2014.05.11 17:17:00 -
[4] - Quote
:( |
Professional Forum Alt
The Witness Protection Program
176
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Posted - 2014.05.14 08:16:00 -
[5] - Quote
Awaiting Chribba, comfirming the next 100b collateral.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
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Chribba
Otherworld Enterprises Otherworld Empire
11916
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Posted - 2014.05.14 09:23:00 -
[6] - Quote
Another 100b confirmed as collateral.
Making the total now around 400b.
/c
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Super Nashwan Power
Isk Fountain
1
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Posted - 2014.05.14 09:45:00 -
[7] - Quote
20B for me. |
Alek Azam
Screaming Hayabusa
18
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Posted - 2014.05.14 11:22:00 -
[8] - Quote
20Billion sent to PFA . Blog: http://sellyourmainbro.blogspot.co.uk/
Twitter: @_Alek_Azam_ |
flakeys
The Mjolnir Bloc The Bloc
2160
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Posted - 2014.05.14 12:05:00 -
[9] - Quote
I got a mail asking for confirmance , so hereby i confirm i have sent the OP 280 B total for this bond over the last days as reflected in the OP .
We are all born ignorant, but one must work hard to remain stupid.
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Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.14 12:24:00 -
[10] - Quote
Thanks for confirming the payments - as per Chribba's wish.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
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flakeys
The Mjolnir Bloc The Bloc
2160
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Posted - 2014.05.14 13:01:00 -
[11] - Quote
Just send another 45 B making my total in the bond now 325 B .
We are all born ignorant, but one must work hard to remain stupid.
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Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.14 13:19:00 -
[12] - Quote
45b - Confirmed
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Vaerah Vahrokha
Vahrokh Consulting
5414
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Posted - 2014.05.14 13:24:00 -
[13] - Quote
50B sent. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.14 13:41:00 -
[14] - Quote
VV : 50b - Comfirmed
Any typos, spelling errors and bad grammer found, are free and yours to keep |
DelBoy Trades
Trotter Independent Traders.
619
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Posted - 2014.05.14 21:51:00 -
[15] - Quote
Could I get some clarification please? The title reads:
"500b at 1,8% // 100+% Collateral" but your OP reads "500b - 400b in collateral in place."
So was the 100% collateral bit neglected when you were editing the title or am I missing something? Interested if there's any 100% collateral spots still open. Damn nature, you scary! |
Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.14 23:15:00 -
[16] - Quote
The bond size is planned to be 500b in total (at the moment as market is slowly starting to react).
At the moment, 400b+ worth collateral is secured. Hence I limit ISK in-take to 400b, so collateral is always 100%+
100b more collateral will be added soon. Hence the limit will be raised 500b. Again so collateral 100%+
There will be 70b, with 100% collateral open in the next couple of days.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Enthropic
Infinite Point Nulli Secunda
87
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Posted - 2014.05.15 09:04:00 -
[17] - Quote
In case Chribba can confirm the additional collateral, please put me on your list for 70b.
thanks! |
Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.15 15:25:00 -
[18] - Quote
70b reserved for when last collateral is in place - I will send a mail when Chribba has confirmed the next batch of collateral.
ETA for next 100b collateral : start of next week.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
DelBoy Trades
Trotter Independent Traders.
619
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Posted - 2014.05.15 16:05:00 -
[19] - Quote
Professional Forum Alt wrote:The bond size is planned to be 500b in total (at the moment as market is slowly starting to react).
At the moment, 400b+ worth collateral is secured. Hence I limit ISK in-take to 400b, so collateral is always 100%+
100b more collateral will be added soon. Hence the limit will be raised 500b. Again so collateral 100%+
There will be 70b, with 100% collateral open in the next couple of days.
Thanks for clearing that up for me. Can I reserve 10b for the next expansion please. Damn nature, you scary! |
Zahara Cody
Imperial Corrections Service.
103
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Posted - 2014.05.15 20:35:00 -
[20] - Quote
What is the collateral? |
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Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.16 07:19:00 -
[21] - Quote
DelBoy Trades : I will reserve 10b in your name, in case I make the bond larger than 500b. At the moment I don't think market can take it - but will know for sure after the weekend.
Zahara Cody : Im not going to list the collateral as is consides mainly of the items I have invested into. But I can say that the is a also a lot of personal asserts too.
The collateral is values are based on old prices, and the total is about 425b in total. With current prices it's already above 450bm, and is expected to go well beyond 500b.
All : I going on a small trip over the weekend with the family. So will no be around until Sunday.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Vaerah Vahrokha
Vahrokh Consulting
5415
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Posted - 2014.05.16 13:16:00 -
[22] - Quote
Professional Forum Alt wrote:DelBoy Trades : I will reserve 10b in your name, in case I make the bond larger than 500b. At the moment I don't think market can take it - but will know for sure after the weekend.
Zahara Cody : Im not going to list the collateral as is consides mainly of the items I have invested into.
This is an huge red flag and moves your risk figure well above the 1.8% you are paying in interests. I am even surprised Chribba is accepting this strategy, as he exposes himself a lot. I mean, he could indeed just say "sorry guys, things went bad and investee defaulted, now I refund just 420B instead of 500B". HE is going to get tarnished if he'll do that so he'd have to put hands in his own pockets and not for pocket's change!
And even then, how in hell did the super low 1.8% interest rate come from? It's compatible with a "I only buy BPOs" kind of investment not with speculation using more speculation to self-leverage up. It's a castle of cards, like we have seen enough with 2008 creative finance.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Professional Forum Alt
The Witness Protection Program
177
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Posted - 2014.05.16 21:23:00 -
[23] - Quote
Found a wifi spot
If I was the type that would run from a bond, I would just have taken your 50b and run
For me the concept of 100%+ collateral, is that at ANY point there is 100% collateral or more. IF the collateral starts to drop close to 100%, then I will put more in, in agreement with Chribba. This is how I have run all my bonds and likely also why Chribba is willing. That and the natur of the items, the fact he knows who I'm in RL, holds my BPO collection and other personal items, might also have something to do with it
Right now there is more than 450b is in collateral. I have collected investments for 395b. And I will not collect the next 105b, until I have put a 100b more in.
If this is not enough to make you feel safe, then I can return your investment back sunday when I get back home. No harm done.
The 1.8% is cothat is what I have used all the other times - nothing else
And let us be fair, the 0.2% is not any magical difference
Any typos, spelling errors and bad grammer found, are free and yours to keep |
Vaerah Vahrokha
Vahrokh Consulting
5416
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Posted - 2014.05.16 22:25:00 -
[24] - Quote
Professional Forum Alt wrote:Found a wifi spot If I was the type that would run from a bond, I would just have taken your 50b and run
That's why I sent you my money to begin with. and why I did not ask it back.
I still feel the urge - maybe because of my past role of auditor - to caution against making self leverage a custom. It has a non zero systemic risk.
Basically, taken to the extreme consequences, creative and malign usage of these practices can downgrade the current "100% faith" in collateralized bonds. A Bad Bobby grade mind could create a large fully collateralized bond that would implode and basically remove the last MD "safety belief": that full collateral is a safe investment.
Edit: there is a reason why I wrote the above and the reply is also hidden and typed above it . Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Professional Forum Alt
The Witness Protection Program
216
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Posted - 2014.05.20 17:11:00 -
[25] - Quote
125b collateral added - to increase bond with another 100b. This will be the final pieces of collateral.
Awaiting Chribba to confirm.
Any typos, spelling errors and bad grammer found, are free and yours to keep |
flakeys
The Mjolnir Bloc The Bloc
2160
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Posted - 2014.05.20 17:26:00 -
[26] - Quote
Vaerah Vahrokha wrote:Professional Forum Alt wrote:Found a wifi spot If I was the type that would run from a bond, I would just have taken your 50b and run That's why I sent you my money to begin with. and why I did not ask it back. I still feel the urge - maybe because of my past role of auditor - to caution against making self leverage a custom. It has a non zero systemic risk. Basically, taken to the extreme consequences, creative and malign usage of these practices can downgrade the current "100% faith" in collateralized bonds. A Bad Bobby grade mind could create a large fully collateralized bond that would implode and basically remove the last MD "safety belief": that full collateral is a safe investment. Edit: there is a reason why I wrote the above and the reply is also hidden and typed above it .
I agree with the what you say VV and would like to add that in regards to full collateral i have stated before and will state again that even full collateral IF NOT HELD by the one who loans out the isk himself still should be seen as a risky investment.
I do not know chribba from anything else then his ''rep'' so my investment trust in him is based on a ''belief of safety'' wich could well be a ''false belief of safety'' just as it is with any other known third party.Even if i know grendell a bit more from my investments or darknesss from our old time in pure blind the trusted third parties are nothing more then ''believably safer then the one loaning the isk in the first place''.
The only safe investment there is is loaning out isk at a collateral YOU hold and wich is worth a LOT more then the loaned out isk.And these type of investments are a rarity at least for me .
But then doing only that would also remove the fun from doing investments in the first place .
We are all born ignorant, but one must work hard to remain stupid.
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Chribba
Otherworld Enterprises Otherworld Empire
11927
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Posted - 2014.05.20 19:52:00 -
[27] - Quote
Additional collateral now in my possession. Making a total around 500b. Also this is the last collateral I will be holding so I will not go any higher than this.
/c
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Enthropic
Infinite Point Nulli Secunda
87
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Posted - 2014.05.21 05:35:00 -
[28] - Quote
o7 will be ready to transfer 70b. Ive never done this before, I send the cash directly to Chribba, or to which character exactly? (its too much to f.. this up, hence the question) |
Super Nashwan Power
Isk Fountain
1
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Posted - 2014.05.21 06:09:00 -
[29] - Quote
Sent
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Super Nashwan Power
Isk Fountain
1
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Posted - 2014.05.21 06:13:00 -
[30] - Quote
Enthropic wrote:o7 will be ready to transfer 70b. Ive never done this before, I send the cash directly to Chribba, or to which character exactly? (its too much to f.. this up, hence the question) I sent mine to PFA not Chribba.
Professional Forum Alt wrote:If there is ANY issue - you can prove payment to Chribba by API - and thereby claim you ISK returned
I think this saves Chribba some work and risk of mistakes in sending isk around. |
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