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Riethe
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Posted - 2007.11.24 09:27:00 -
[1]
[RHCRP] Bond Update [Nov 24]
Hello everyone. I am posting to announce the great success of the business model thus far, and to inform everyone that the RHCRP Expansion has been completed. All shares have been accounted for.
You can find the expansion thread here: http://oldforums.eveonline.com/?a=topic&threadID=638147
RHCRP was first announced to the public on September 23rd. Since then, the venture has grown rapidly and shown amazing profits. In all of my time playing eve, I've never seen so much potential profit. This is only made possible by the plethora of investors that have placed their money and trust in me.
So it would come as no surprise, as the venture found more and more profit, an expansion was issued. Investors from the initial offering were allowed first pick at these shares, and then a public offering was made to any investors on the market. This has allowed the business to grow to a much larger size, for bigger purchases and returns on investments.
This also did not happen without thorough discourse amongst investors and a final vote to increase shares, which was entirely on the part of investors. It was almost unanimously decided to increase the share count (some 8% voted against the increase.) I did not use my shares to vote, it was entirely up to investors.
Right now, RHCRP (the holding corp) has 21,000 shares created. Not all of these shares have been accounted for. The plan of the expansion was to allow for a progressive introduction of more and more shares to allow for the business to eventually balance itself out at a "ceiling" point.
I soon realized, that because of the way this venture is designed, there is no ceiling point. I allowed for additional investments to be placed beyond the availability of shares. As concern began to rise about receiving shares, I offered a "buyback" on recent share purchases in the event any invests weren't "satisfied." This of course was a terrible lie.
The business plan of RHCRP allows for endless funding from investors. It works in a very simple manner: You purchase shares, and I purchase various toys for myself and stop running missions and ratting because those things are terribly boring.
Thanks everyone for making this a huge success, I look forward to seeing you in game.
Best regards, Riethe
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Letias
Caldari Teikoku Trade Conglomerate Visions of Warfare
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Posted - 2007.11.24 09:30:00 -
[2]
Wha? You oversold but its okay? Im so confuzzled your buying toys..
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Ambo
2nd Outcasters
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Posted - 2007.11.24 09:36:00 -
[3]
Edited by: Ambo on 24/11/2007 09:43:45 Arse, I had begun to assume this was the case. Classic 'give a nice convincer and then reel in the big fish'.
Glad I didn't invest too much as I was considering more, the only thing that kept me from doing so was the payout of only one dividend so far and the fact that no shares had been issued for ages.
I'm saddend to see this happen but we were overdue for one. Lame that this is the way of things really.
Edit: also just remembered the convo I had with you in-game. I suspect you were having that same conversation a lot... It struck me as very odd that your expansion expectations of 10 bil had not already been filled given the previous success and it also seemed odd that you were happily saying you would pay dividends on shares bought just a few weeks before the payout date.
All in all it just didn't add up but we gave you the benefit of the doubt, congrats for being a total bastard.
I think you must have quite a haul. Probably in the 20-25 bil range I'd guess. Care to give an exact figure for the history books?
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Fabrica
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Posted - 2007.11.24 10:00:00 -
[4]
Originally by: Riethe [RHCRP] Bond Update [Nov 24]
Hello everyone. I am posting to announce the great success of the business model thus far, and to inform everyone that the RHCRP Expansion has been completed. All shares have been accounted for.
*snip*
Right now, RHCRP (the holding corp) has 21,000 shares created. Not all of these shares have been accounted for.
*snip*
I soon realized, that because of the way this venture is designed, there is no ceiling point. I allowed for additional investments to be placed beyond the availability of shares. As concern began to rise about receiving shares, I offered a "buyback" on recent share purchases in the event any invests weren't "satisfied." This of course was a terrible lie.
The business plan of RHCRP allows for endless funding from investors. It works in a very simple manner: You purchase shares, and I purchase various toys for myself and stop running missions and ratting because those things are terribly boring.
I think this needs a little clarification,
So have all the shares been sold or not?
Is it a terrible lie that "you offered to buyback shares" or its a terrible lie that people weren't satified?
And finally, am i mistaken? are you running a buisness in the interest of investors, or you're using the money to buy yourself stuff so you dont have to run missions etc?
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Taryn Ceridwen
Un4seen Development
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Posted - 2007.11.24 10:12:00 -
[5]
Congratulations Riethe on scamming all your investors, your mother must be so proud of you!
To be honest 21B is not that great a heist and I doubt you will enter the EVE Hall of Fame on the back of this venture. Enjoy your isk!
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Riethe
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Posted - 2007.11.24 10:45:00 -
[6]
Wallet Balance
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Minerva Vulcan
Caldari The Nexus Foundation
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Posted - 2007.11.24 11:58:00 -
[7]
Haha...
Well played.
Meager investments from a lot of people pay off. _______________________________ I need new voices in my head, To speak my secret evils with. I need new lovers in my bed, To be my friends and special pets. |
Minerva Vulcan
Caldari The Nexus Foundation
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Posted - 2007.11.24 12:12:00 -
[8]
Originally by: Letias Wha? You oversold but its okay? Im so confuzzled your buying toys..
He's saying he's grateful to us for all the ISK, and now he's doing a runner. _______________________________ I need new voices in my head, To speak my secret evils with. I need new lovers in my bed, To be my friends and special pets. |
Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2007.11.24 13:07:00 -
[9]
To be fair, it's one of the more cryptic scam announcements I've seen lately... My research services Spreadsheets: Top speed calculation - Halo Implant stats |
Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.24 13:45:00 -
[10]
We had our reservations when he expanded. These things happen. To Riethe I hope it was worth it, I won't waste my time saying anything else to you.
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Robacz
Essence Trade Essence Enterprises
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Posted - 2007.11.24 13:53:00 -
[11]
Originally by: Riethe Wallet Balance
Heh 43B. How long it took since the start? (searching) Two months it seems - 21.5B per month, not bad. Looks like scam is still easiest way to make money in EVE.
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Riethe
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Posted - 2007.11.24 14:01:00 -
[12]
Originally by: Ricdic We had our reservations when he expanded. These things happen. To Riethe I hope it was worth it, I won't waste my time saying anything else to you.
You're the biggest tool around here. Of course you won't waste your time saying anything else. Just like you waste no time making decisions on investments.
Originally by: Ricdic in game convo [ 2007.11.17 00:12:46 ] EBANK Ricdic > hey [ 2007.11.17 00:12:51 ] Riethe > How goes? [ 2007.11.17 00:12:58 ] EBANK Ricdic > not too bad :D [ 2007.11.17 00:13:04 ] EBANK Ricdic > so, what do you do in-game [ 2007.11.17 00:13:10 ] EBANK Ricdic > to make that 22% return? [ 2007.11.17 00:13:13 ] Riethe > On Riethe? or in general? [ 2007.11.17 00:13:14 ] EBANK Ricdic > and is this a scam :D [ 2007.11.17 00:13:21 ] EBANK Ricdic > well your venture [ 2007.11.17 00:13:49 ] Riethe > Is this a scam? well that's not the friendliest question i've heard. If you're genuinely asking me, though, no, it's not [ 2007.11.17 00:14:08 ] EBANK Ricdic > I am trying to justify EBANK taking a sizable investment [ 2007.11.17 00:14:12 ] Riethe > Riethe is my face, communications, interactions, nothing more. [ 2007.11.17 00:14:21 ] EBANK Ricdic > please don't take offence :) [ 2007.11.17 00:14:49 ] Riethe > I take no offense, although it is a rather confrontational question to present, i'm sure you understand that [ 2007.11.17 00:14:50 ] EBANK Ricdic > I can't relally think of what to ask you [ 2007.11.17 00:15:05 ] EBANK Ricdic > yup, better than beting around the bush :) [ 2007.11.17 00:15:09 ] EBANK Ricdic > *beating [ 2007.11.17 00:15:29 ] EBANK Ricdic > ok you have sold me [ 2007.11.17 00:15:32 ] EBANK Ricdic > how many you have left? [ 2007.11.17 00:17:44 ] Riethe > Well, "left" is subjective. There are reservations that have not been filled. Total un-claimed shares, all encompassing, is about 13000. A few investors have suggested interested in making a large purchase, but it's so ambiguous that i'm not sure. [ 2007.11.17 00:18:38 ] Riethe > When you initially asked me, as i told you before, it was around 5000 (of the 10000). however through my discussions, some of these reservations have been postponed as a lack of current available liquid assets to make the purchase [ 2007.11.17 00:18:51 ] EBANK Ricdic > understood [ 2007.11.17 00:18:53 ] EBANK Ricdic > it happens [ 2007.11.17 00:19:07 ] EBANK Ricdic > ok well EBANK will take 2.5b worth now [ 2007.11.17 00:19:15 ] EBANK Ricdic > if that's ok :) [ 2007.11.17 00:19:58 ] Riethe > That is perfectly acceptable. I place no limitations on purchases as I feel if i were investing myself, I would not want to feel restrained by arbitrary limitations [ 2007.11.17 00:20:21 ] Riethe > I feel it's entirely up to an investor to set their own limitations based on their own gut feeling [ 2007.11.17 00:20:42 ] EBANK Ricdic > ok well my gut says you are AOK [ 2007.11.17 00:20:55 ] Riethe > Well i definitely appreciate the way your gut regards me ) [ 2007.11.17 00:20:56 ] EBANK Ricdic > and my gut hasn't been wrong for a long time : [ 2007.11.17 00:20:59 ] EBANK Ricdic > so don't screw it up :D [ 2007.11.17 00:21:20 ] EBANK Ricdic > or else the board won't trust me to make these big decisions any more lol
Is this really the person you'd like to have throwing around all your money? Trust? You trust this? Clearly the foundation and discipline of a market guru.
Oh, and "Ricdic," the moment you reply to this you're wasting your time. Consider that.
Happy thoughts.
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Fitz VonHeise
The New Order. United Connection's
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Posted - 2007.11.24 14:01:00 -
[13]
If anyone knows who his alts are post them here.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.24 14:07:00 -
[14]
And my gut was wrong. What's your point?
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JadeMako
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Posted - 2007.11.24 14:18:00 -
[15]
Edited by: JadeMako on 24/11/2007 14:19:24 Heh,
Well played Riethe, thats my first burn on these markets so you have that at least. and after our conversation i'd say you are actually not that bad a guy or a really good actor, it certainly made me feel safer. I'm surprised you didn't keep it going longer - another few big dividends and you would have had people killing their own mothers to get your shares, then again why be greedy. You certainly have a nice wallet balance now. Speaking of which I have recently discovered a huge potential profit making scheme myself and if you would like to get guaranteed returns of 22.8% on that 40bill or so just wire me the isk and i'll cut you in. a paltry bill or so should cover things to get started. I eagerly anticipate your investment.
And kudos to the player who called for less irrational exuberance!
Regards (no longer 'kind' nor 'best')
JadeMako
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Shar Tegral
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Posted - 2007.11.24 14:26:00 -
[16]
Originally by: Riethe You're the biggest tool around here. Of course you won't waste your time saying anything else. Just like you waste no time making decisions on investments.
Is this really the person you'd like to have throwing around all your money? Trust? You trust this? Clearly the foundation and discipline of a market guru.
Everyone bites something foul sooner or later. As for Ebank, meh. Ricdic didn't seek BoD approval on this one, he gets to pay it out of his own pocket. >shrugs< And congrats! You exemplify everything I tell people to avoid. Sadly they don't listen, thus allowing low life's like you to gain, but one does hope Darwinism will have some influence.
Taikun's Lost Bet |
Shar Tegral
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Posted - 2007.11.24 14:32:00 -
[17]
Originally by: Shar Tegral Everyone bites something foul sooner or later. As for Ebank, meh. Ricdic didn't seek BoD approval on this one, he gets to pay it out of his own pocket. >shrugs<
Seems I was wrong... he did seek out BoD and even got a nod from me. Basically, "if you feel this is wise, go ahead." So... color me embarrassed. (He's still paying for this oops out of his pocket though.)
Taikun's Lost Bet |
Shin Ra
Origin Unknown.
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Posted - 2007.11.24 14:35:00 -
[18]
Edited by: Shin Ra on 24/11/2007 14:36:04 Damn, I missed this one.
With hindsight on my side, I do find it amazing people actually invested in this. I hope nobody got burned too badly.
/wondering if now is a bad time to launch my ipo
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Riethe
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Posted - 2007.11.24 14:39:00 -
[19]
Originally by: Fitz VonHeise If anyone knows who his alts are post them here.
I'll get you started: Axvancry Gore
Already having him deleted, though, so good luck with that.
Originally by: JadeMako ... lots of words ...
I would take you up on your offer, however I have not forgotten that you will be away for 3 months. How could I possibly see any returns if you're unable to log in!!
Originally by: Shar Tegral And congrats! You exemplify everything I tell people to avoid. Sadly they don't listen, thus allowing low life's like you to gain, but one does hope Darwinism will have some influence.
This is not a first time for me. Nor my last. And I'd like to point out to you, that you really have no right to call me a "low life." In fact, I quite favor my life. And I'm sure you do as well (favor your life, that is.) My decisions and methods to earn currency in a game that you and I both share interest in does not set me apart from you.
I've followed the EULA the same as you have, and have not broken any rules that I am aware of. Perhaps it is a matter of jealousy that you're unable to construct business plans that are as lucrative as mine.
And regardless of whether or not ricdic got the go-ahead from all of his colleagues, if you follow the chat log (and I'm sure ricdic would have no problem confirming its legitimacy) you can see that his decision, in that context, wasn't very well thought out.
I would expect that someone so worshiped and full of himself as he is, would at least have the capacity to ask a few questions. I was in the middle of writing some random response to him when he said he was sold on it. I just find that to be so absurd on his part.
That just seems really silly on his part.
Something to ponder
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.24 14:42:00 -
[20]
Originally by: Riethe This is not a first time for me. Nor my last.
Care to tell which other IPO's were yours?
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Shar Tegral
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Posted - 2007.11.24 14:44:00 -
[21]
Originally by: Riethe I've followed the EULA the same as you have, and have not broken any rules that I am aware of. Perhaps it is a matter of jealousy that you're unable to construct business plans that are as lucrative as mine.
Jealous would not be the word, adverse is. It isn't that hard to construct a good scam. It just takes repeated attempts and persistence and a fair bit of luck. Timing also helps. But as to constructing a business plan based on fraud... averse is the correct word.
Taikun's Lost Bet |
Riethe
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Posted - 2007.11.24 14:50:00 -
[22]
Originally by: Shar Tegral Jealous would not be the word, adverse is. It isn't that hard to construct a good scam. It just takes repeated attempts and persistence and a fair bit of luck. Timing also helps.
But as to constructing a business plan based on fraud... averse is the correct word.
Would you not say that all of the factors you listed as requirements for a successful scam, are also requirements for a successful, entirely legitimate business?
You see, you and I are no different. The only thing that truly sets us apart is you bring your morals into a virtual world that doesn't care about morals. I've simply applied that toward my benefit.
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Calgorac
The Arrow Project Morsus Mihi
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Posted - 2007.11.24 15:03:00 -
[23]
Originally by: Riethe Wallet Balance
post your api key or Shut up...
so you stole 20+ billion from your investors
big deal.
if you want us to believe you somehow stole 40 post the api
and still Bid deal.
"oh, wow im a worthless piece of crap scammer" - Riethe
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Digital Nightfall
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Posted - 2007.11.24 15:08:00 -
[24]
Edited by: Digital Nightfall on 24/11/2007 15:11:53
Originally by: Riethe
Originally by: Shar Tegral Jealous would not be the word, adverse is. It isn't that hard to construct a good scam. It just takes repeated attempts and persistence and a fair bit of luck. Timing also helps.
But as to constructing a business plan based on fraud... averse is the correct word.
Would you not say that all of the factors you listed as requirements for a successful scam, are also requirements for a successful, entirely legitimate business?
You see, you and I are no different. The only thing that truly sets us apart is you bring your morals into a virtual world that doesn't care about morals. I've simply applied that toward my benefit.
Any environment with social interaction has to aply a social codec or a sense of morality if you like. Unless you truely believe that every mmo is void of friendships, respect, and simply dog-eat-dog through and through.
You are full of ill-thought-through understanding of what virtual reality as it pertains to the mmo community is. And what you did was just as wrong as lifting someone elses property irl, when it comes down to the basics.
I repeat, the only reason you can delude yourself from that fact, is the lack of repercussion and consequence in Eve for doing what you have done. And that coupled with a weak backbone can and does indeed produce the pocket philosphy you spouted above.
Edit: I know Im wasting my time, there is no delusion here as to your capacity for owning what you did in any negative light.
I did not invest with you, thank god, I have my isk locked up with some of the rare good IPOs, and after reading your old sales thread, I believe I am unable to truely dissect wether someone is going to scam based solely on their forum posting. I will stick with my current IPOs and stay well away from any new IPOs.
Like Riethe said, he didnt do anything wrong, and its not like it hurts EVE in any way right?
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SonOfAGhost
Minmatar Munitions and Tactical Assets Repository Zzz
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Posted - 2007.11.24 15:10:00 -
[25]
Originally by: Shin Ra Damn, I missed this one.
With hindsight on my side, I do find it amazing people actually invested in this. I hope nobody got burned too badly.
Well, hopefully this wil encourage some individuals to stop beating the drum for higher and higher returns on investments. 18 months ago most things on the exchange were trading at values such that a 2% monthly return was the norm. Let's get away from bonds, gauranteed minimum dividends on stocks and complaining 8% isn't enough to get funding anymore and back to real value.
And no, I wasn't invested in this one.
Who needs the Nikkei when there's EBay? Lag? GTFOOJ! |
Baron Zinq
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Posted - 2007.11.24 15:15:00 -
[26]
Your character may be worth many billions, but as a person behind the character I rate you as worthless.
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rtbzneeezz
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Posted - 2007.11.24 15:29:00 -
[27]
I only invest what I can lose and would only keep laughing if every single investment turned scam. Riethe choosing acura for a business alt was the smallest of the many signs. The fact that Riethe Reithe Rief Reif and a few other variations of his name existed were not accidents either. I hope my donation will serve him well.
Am I the only one who invested knowing this was fishy?
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Letias
Caldari Teikoku Trade Conglomerate Visions of Warfare
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Posted - 2007.11.24 16:02:00 -
[28]
Originally by: Minerva Vulcan
Originally by: Letias Wha? You oversold but its okay? Im so confuzzled your buying toys..
He's saying he's grateful to us for all the ISK, and now he's doing a runner.
O, Lol, Bugger
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Shadarle
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Posted - 2007.11.24 16:04:00 -
[29]
Heh, I saw this one coming right away. I said as much in his initial thread.
Decided to get him a chance since people seemed happy with it after a month. Figured if he wanted to scam he'd keep it going for 3-4 more months and get a truly large sum invested, 100b+. Guess Riethe was quite blinded by a mere 40b to realize he could have actually gotten a lot of money if he tried.
40b in 2 months is not so impressive, I made more and that counts two investments turning into scams. I don't understand why anyone scams for such tiny amounts of money when they could do so much better.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Shadarle
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Posted - 2007.11.24 16:12:00 -
[30]
Originally by: LaVista Vista
Originally by: Shadarle
40b in 2 months is not so impressive, I made more and that counts two investments turning into scams. I don't understand why anyone scams for such tiny amounts of money when they could do so much better.
40bill is still a considerable amount.
Eh... not so much these days. If he had run this 3 more months he coulda gotten up to 80-100 bil.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
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