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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 08:20:00 -
[1]
This is my first public request for capital and therefore must be treated as high risk by you, the investor.
The need to expand my business has come and I feel it is time to get involved in the community. This is my first loan request of several future loans, all of which will have a max isk value of 1bil. If more is required I will turn to an IPO format. For this venture I require 750 mil from the public and am willing to pay 20% interest for the loan over a 4 week duration.
Loan Terms.
20% interest plus the loan sum to be repaid to you 4 weeks after the total capital is raised. If the total capital is not raised by two weeks after this threadÆs creation date, all isk will be refunded. The repayment amount is independent of the business ventureÆs success, thus if it is a complete failure and I lose the entire 750m in a freak asset deleting blackout then you will still receive your investment back with the 20% interest paid.
Amounts will be decided on a first-come, first serve basis and those who wish to remain anonymous can send me an eve-mail with requests. I would prefer for most of the dealings to take place in this thread to satisfy one of the goals listed later.
Restrictions on investment:
Isk lent must be in whole millions (offers will be rounded down and isk refunded if not followed).
Maximum of 50% to be lent by one individual.
Maxiumum of 50% to be lent by my alliance (alliance investment by individuals will be added to a max 375m)
What will you use the isk for?
The isk will all be used for inter-region trade of modules. Although I cannot get into specifics for obvious reasons I can offer this information: 20% 0.0 trade, 20% lowec trade, 60% highsec trade, and a maximum of 10% total assets risked per haul. The overall risk of this venture is quite low from my perspective.
Is this a scam?
Every scammer will tell you straight to your face that æthis is not a scamÆ so I do not see the point in doing the same. Instead I will offer evidence to support my argument that this is not a scam, and you can be the judge:
Laughing Mime is my main, the amount of solo kills (100+) would suggest I spend a lot of time on this character: KB
My employment history and over 6 months within VHI show that I do not often corp-hop and most likely value the company and respect of my corp mates more than 750mil.
My character currently has over 13mil SP, putting its isk value at many times the value of this venture. Scams often result in reputation loss which negatively impact the sale value of a character over these forums and without selling the character after a scam I would find myself in Eve with considerable hostility towards me. (Evidence available 375m loan offers or on request from a market regular).
I currently have over 1billion in assets. I believe a person with only 50mil in their wallet is more likely to steal 750mil than a person with 1000m already in their possession. (Evidence available to 375m loan offers or on request from a market regular).
Why have you offered this to the public?
I shall try and keep my motives fairly open, I have already turned 350 mil into1000mil on the market within 3 weeks and feel I can match this growth rate with an extra 750m capital*, by using a higher debt:equity ratio I will be able to expand my isk at a much faster rate than at my current 0:1 model.
It is highly likely that I could achieve this financing from my corp or even just my CEO DruzidelCastro without having to go through all this effort, so why have I made this public? Reputations take some time to build, and if in the future I have an IPO, which requires substantial capital, the contacts i have built up through these public offerings will be highly valuable. Doing these dealings publicly costs me only a little time but adds a great deal of intangible value.
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 08:21:00 -
[2]
Edited by: Laughing Mime on 23/12/2007 08:21:19
What does my investment entitle me to?
Since I am classing this as a loan and not an IPO, I will not be updating on a weekly basis the progress of this venture, nor will any requests for updates or pre-mature payment be guaranteed a response. CreditorÆs in this loan will be offered a preferential share of upcoming offers, although the interest rate will reduce to mirror the scam risk level and the diminishing returns of profit in future contracts.
If you have any questions feel free to ask in this thread, responses may take a while since I am working 12 hours a day until Christmas but if your points are non-trolling (I donÆt care how rude you post), I will eventually respond.
*1 week taken into account for asset liquidation.
Thankyou,
LM
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2007.12.23 08:23:00 -
[3]
EBANK will take 50% of this investment. (this is not an endorsement post, I only know the OP from chatting on MSN, plus he is a fellow Aussie) 
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DruzidelCastro
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 08:27:00 -
[4]
/me tosses 100mil to Mime
If he steals your money I'll be kicking his ass with you :p
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 08:31:00 -
[5]
Money received from both of you and noted,thanks :).
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Assens Letta
Hunerian Science Institute
Pax Atlantis
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Posted - 2007.12.23 08:32:00 -
[6]
HUNSI is willing to take the remaining 50% investment after a chat with the post OP.
Thanks
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Assens Letta
Hunerian Science Institute
Pax Atlantis
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Posted - 2007.12.23 08:42:00 -
[7]
HUNSI advancing with the remaining 275M.
Thanks
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2007.12.23 08:50:00 -
[8]
Super fast sellout 
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2007.12.23 08:50:00 -
[9]
I VOUCH that ricdic is an investment gobbler!!!11!!one!!
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 08:56:00 -
[10]
All isk has been received and repayment will occur within 28 days. If i am unable to be online on that date i will return the loan a day earlier.
Thank you,
LM.
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Deison
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Posted - 2007.12.23 09:26:00 -
[11]
 Quote:
2007.12.23 09:04
Your investment has been noted and will be kept private, isk + interest will be returned in 28 days time. Thankyou.
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2007.12.23 08:28
375 sent for the loan.
Please keep my name and investment private
I did send 375 to him for this.
if ricdic take 375, if druzidel take 100, if hunsi take 275, if deison take 375, total is of 1125 yes?
he only asked to us for 750. not the same as he has got now
this does not seem right
I am sorry for english
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2007.12.23 11:04:00 -
[12]
Originally by: Deison
Quote:
2007.12.23 09:04
Your investment has been noted and will be kept private, isk + interest will be returned in 28 days time. Thankyou.
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2007.12.23 08:28
375 sent for the loan.
Please keep my name and investment private
I did send 375 to him for this.
if ricdic take 375, if druzidel take 100, if hunsi take 275, if deison take 375, total is of 1125 yes?
he only asked to us for 750. not the same as he has got now
this does not seem right
I am sorry for english
The OP thought I was Deison. I have corrected him on msn 
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 11:16:00 -
[13]
Edited by: Laughing Mime on 23/12/2007 11:16:54
Originally by: Deison
I did send 375 to him for this.
if ricdic take 375, if druzidel take 100, if hunsi take 275, if deison take 375, total is of 1125 yes?
he only asked to us for 750. not the same as he has got now
this does not seem right
I am sorry for english
My apologies, i received your isk a few minutes after Ricdic posted a 50% buyout and assumed it was his alt. Since it is my error I will extend the loan amount to 1125 m isk to incorporate everyone i sent an acceptance to.
Ricdic - 375m
Druz - 100m
Hunzi - 275m
Deison - 375m
Interest and repayment date will remain the same.
LM
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Maghan
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Posted - 2007.12.23 14:32:00 -
[14]
Looks like I missed the boat on this - shame, I like the sound of it.
To OP - how scaleable is your idea, if there were another billion, or even a few bill, behind you does your plan still stack up?
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.23 15:06:00 -
[15]
In theory it would work well (although diminishing returns as investment isk goes up), but the expansion rate would most likely be too quick for me to handle.
While I'd love to be able to go down the road of multi-billion investments right now i do not have adequate market knowledge to guarantee success, nor the resources to fully utilize the extra capital yet. I should be at that stage in 2 months or so though, maybe then we can chat :).
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resinator
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.26 09:58:00 -
[16]
what the cow? you want my isk then let these people pay it for me? extend this offer dang nabbit!
ps: I know where he lives, so I can go throw things at his house if **** goes pear shaped
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2007.12.28 05:27:00 -
[17]
Edited by: Laughing Mime on 28/12/2007 05:28:10
Just thought you might want an update. I've currently made enough to pay back loan and the interest. IÆve had a few issues juggling the isk to make sure 90%+ is turning over all the time but pretty happy with how it is sitting now.
Going to change a few things next time, overall duration is too short, 1 month is basically only 2 weeks once you count a week allocating the isk and an week liquidating. The interest rate is too high :P, well not for you but for me, with the current under-supply of IPOs I will reduce it for the next venture. Also, the hours I spend manually flying haulers needs to be reduced via freighter and more capital per region.
Resi - What you don't know is that i have a twin who has a mustache and a funny accent, he'll be staying at my house while i go overseas so don't take out your anger on him. I'm already making plans for the next venture by the way, I'm going to need at least 5bil for it so you won't miss out this time.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2007.12.28 07:13:00 -
[18]
just too bad :( those 50% gobblers eat it all up in no time to let any air stale the newly printed currency!  ALTHOUGH congratz to those who were able to support this OP :) 
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2008.01.15 04:49:00 -
[19]
Repaying is happening a few days earlier than expected (Sunday is the four week mark). IÆm going to be mainly offline for the next four days at a Muay Thai camp so wonÆt be able to utilise the isk for those days. Here is a list of your initial investments and the repayment amount, they will be sent to the characters used in this thread within an hour, if the amount is incorrect or does not arrive, send me an evemail.
Deison: 375, 450
EBANK Ricdic: 375, 450
DruzidelCastro: 100, 120
Assens Letta: 275, 330
Total: 1125, 1350
My plans for the future are to do another loan between 1 and 1.5b at 10% interest for one month while I wait for my alt to complete his freighter training and give me the ability to expand to a 5b IPO. The four creditors in this project (as well as resi) will have 100mil of the loan reserved each of the 1.5b if they choose to take it. I will post another thread with this loan offer in around a weeks time. Thankyou for your support!
LM
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.15 05:08:00 -
[20]
Originally by: Laughing Mime
Repaying is happening a few days earlier than expected (Sunday is the four week mark). IÆm going to be mainly offline for the next four days at a Muay Thai camp so wonÆt be able to utilise the isk for those days. Here is a list of your initial investments and the repayment amount, they will be sent to the characters used in this thread within an hour, if the amount is incorrect or does not arrive, send me an evemail.
Deison: 375, 450
EBANK Ricdic: 375, 450
DruzidelCastro: 100, 120
Assens Letta: 275, 330
Total: 1125, 1350
My plans for the future are to do another loan between 1 and 1.5b at 10% interest for one month while I wait for my alt to complete his freighter training and give me the ability to expand to a 5b IPO. The four creditors in this project (as well as resi) will have 100mil of the loan reserved each of the 1.5b if they choose to take it. I will post another thread with this loan offer in around a weeks time. Thankyou for your support!
LM
thanks for keeping us non-investors in the loop
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LlamaOfPoon
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Posted - 2008.01.15 06:15:00 -
[21]
Also remember public courier contracts exist. Easy way to offload hauling with no risk.
Just ensure your collateral covers yourself, and set payment to approx 2-3% of collateral.
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Laughing Mime
Vale Heavy Industries
Molotov Coalition
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Posted - 2008.01.15 06:25:00 -
[22]
Definitely an option for some goods but i think i am too paranoid to use them for most of my trade. Is there really anything stopping the person who accepts your contract from stealing your intellectual property? Info such as your trade route, exactly what you are trading there and the volume of each.
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Ambo
2nd Outcasters
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Posted - 2008.01.15 09:09:00 -
[23]
I too worried about that at first but all the courier sees is a single item called courier package (or somthing).
If they unpackage it then it counts as a fail and you can claim the collateral. I've put up over one thousand courier missions and this has only happened once, when one of my corp mates unpackaged one by mistake.. 
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Trader? Investor? Just want to track your finances? Check out EMMA |
Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.15 09:46:00 -
[24]
Originally by: Ambo
I too worried about that at first but all the courier sees is a single item called courier package (or somthing).
If they unpackage it then it counts as a fail and you can claim the collateral. I've put up over one thousand courier missions and this has only happened once, when one of my corp mates unpackaged one by mistake..
sorry ambo this is not correct, you can see the contents of a courier package without breaking it open.
Trust me, accept a courier mission and see for yourself :)
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YouGotRipped
Gallente
Ewigkeit
Galactic Research
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Posted - 2008.01.15 14:45:00 -
[25]
Edited by: YouGotRipped on 15/01/2008 14:48:34
Originally by: Treelox
Originally by: Ambo
I too worried about that at first but all the courier sees is a single item called courier package (or somthing).
If they unpackage it then it counts as a fail and you can claim the collateral. I've put up over one thousand courier missions and this has only happened once, when one of my corp mates unpackaged one by mistake..
sorry ambo this is not correct, you can see the contents of a courier package without breaking it open.
Trust me, accept a courier mission and see for yourself :)
Yes, I ripped off quite of few that were trying to underpay me.
Best "capture" was 170 mils.
As for Ambo his rewards were high enough so I didn't even bother to check the collateral even though there were just a few items.
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Ambo
2nd Outcasters
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Posted - 2008.01.15 16:04:00 -
[26]
oh, my bad. The same doofus who accidentally opened the package told me that so I guess I should really have checked myself!
My contracts do seem to have a pretty high reward compared to many.. It means they get done very quickly though. I've got no problem with giving away 10%-20% of my profits to fast couriers.
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Trader? Investor? Just want to track your finances? Check out EMMA |
Assens Letta
Hunerian Science Institute
Te-Ka
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Posted - 2008.01.15 16:06:00 -
[27]
HUNSI would like to thank the OP for the successfull operation and for the antecipated payment of the loan.
Thanks.
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