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Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.21 00:26:00 -
[1]
Purpose:
I am interested in acquiring capital for expanding trade. I am also interested in exploring the IPO/bond market firsthand by going through the process once. I am looking for investors interested in a short term bond offering.
Terms:
I am offering up to 10 bonds total. Each bond is for 100 million ISK, to be paid back in 90 days. Three payments of 10m will be paid 30,60, and 90 days after the purchase of the bond, with the full 100m amount returned after 90 days. I reserve the right to return the full amount of the bond (with future payments paid) at an earlier date.
LDD Investments:
LDD Investments is a jointly owned corporation. I am the CEO and only member of the corporation. There are two shareholders in the company, including a private backer and friend who provided much of the starting capital. The corporate tax rate is currently set to 100%, and all buy and sell orders are processed through the company. LDD Investments exists for the sole purpose of accumulating capital for the two investors.
The LDD Investments business plan consists of trading and mission running for profit. No manufacturing is involved. Items are bought and resold for profit, usually within a single trading hub. Some market maneuvers are done to improve profits but the focus is on high turnover with reasonable margins. In case of emergency most assets can be liquidated at a small loss.
LDD Investments has a NAV of roughly 220-280 million ISK. The corporation funds were recently used to purchase a Drake for missions, and the tax rate of 100% and all salvage go to the corporation. Most of the corporate assets are tied up in inventory being moved through sell orders. Mission bounties and salvage/loot are sold on behalf of the corporation. Within one month the corporate funds will be used to purchase a Raven for additional mission work.
The bond offering is intended to increase the amount of capital available for trading and allow the corporate assets to grow at a faster rate. The bond offering is limited to 1b ISK since I have no experience working with large amounts. The offer is effective for 14 days from this point or until all 10 bonds are purchased. Each bond is sold individually as is not affected by the status of any other bonds.
Risks:
As with any investment in EVE, there is the chance of scam. No claims to the contrary will ever fully reduce that risk. The 10% interest rate is intended to provide a reasonable return given the current risks in the market.
Additional risks include unexpected difficulties in playing the game, cash flow problems, or just general incompetence on my part. I am willing to offer whatever guarantees are helpful, but such guarantees are only as good as my impeccable word.
There is a small risk of loss of materials while moving in hubs. I transfer mostly small quantities in a single ship, and am not normally a useful target. Most trading is within station to reduce the risk.
Additional Information:
Any questions or issues can be handled in whatever way is preferred. This document is not intended to be exhaustive and any formality is merely window dressing. In the end, this is game played by individuals and any issues can be handled directly. All inquires in game can be to Lexander Morinex.
Please contact me if you have thoughts or concerns. Whatever steps are preferred for your comfort will be addressed on a case by case basis. I am giving this a try and want this to be as painless for everyone as possible.
- Lexander Morinex
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Shar Tegral
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Posted - 2008.08.21 01:09:00 -
[2]
Who are your other partners?
Are you open to any kind of review, snapshot or ongoing?
Pending suitable answers and successful dodging of the MD IPO gauntlet I'd like to reserve 2 shares.
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Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.21 01:15:00 -
[3]
Edited by: Lexander Morinex on 21/08/2008 01:15:50
I am currently talking with my other partner to get his permission to reveal his name. I understanding why people want to know. He is a very private person so I want his permission first. He was responsible for the original 50m that I started with and he has a half interest in the business.
I am completely open to any audit procedures that are necessary. |
Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.21 03:23:00 -
[4]
I talked with my partner and he has no problem revealing his name. He is drazicon/drazkull. If anyone has a specific set of auditors I would be glad to get that started.
Right now I have 9 left, 7 including Shar's 2 noted above.
- Lexander |
Athre
Minmatar
The Higher Standard
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Posted - 2008.08.21 03:27:00 -
[5]
 Originally by: Lexander Morinex
If anyone has a specific set of auditors I would be glad to get that started.
- Lexander
Funny you should ask... I know Shar is one of a handful in MD. |
Salisuka
Caldari
98.4
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Posted - 2008.08.21 05:23:00 -
[6]
Just so i'm clear about this, you're asking for the isk for trading only and not for your mission running? Do you normally trade with your wallet or your corporations?
Other than that, reserving 2 shares pending an audit. |
Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.21 05:44:00 -
[7]
The money will be used for trade. I run missions to fund the corporation as an additional source of income, but it isn't primary to my goal and my income from it is strictly positive so I don't need capital for it. By using a tax rate of 100%, the bounties and other stuff just help along the money source. It is just a secondary source of income that funds operations while I am trading.
All buys and sells are directly through the corp.
As for auditing, I don't mind an initial audit plus regular audits.
- Lexander Morinex
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Kwint Sommer
Caldari
XERCORE
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Posted - 2008.08.21 06:34:00 -
[8]
Originally by: Lexander Morinex
If anyone has a specific set of auditors I would be glad to get that started.
- Lexander
Pending confirmation of a history of trading by the above mentioned audit, I will take 2 shares.
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Namco
Balls of Steel
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Posted - 2008.08.21 07:02:00 -
[9]
I really hate saying "reserve, pending audit results", as it is, I think you'll need to get in touch with one of the reputable auditors and all that. While I do not personally know any of the auditors, I believe Shar Tegral (a potential investor in your bond) and Kazuo Ishiguro are two who fit the mold of "quite reputable". Perhaps you should contact and try to arrange something with either of them?
That said, I'd like to see the results of such an audit, and if it looks good to me, I'll throw in for 2 shares. |
River Torrent
Omega Mortalitas
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Posted - 2008.08.21 08:04:00 -
[10]
Edited by: River Torrent on 21/08/2008 08:04:53
Pending a clear audit report, I would be interested in 2 shares also.
River. |
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Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.08.21 08:25:00 -
[11]
bolix. Seems I've missed all 10 shares.
I'll cover anything if any of the above don't pay up, ie I will put in up to 1b for all 10 shares if no one pays up. |
Ricdics
Corporate Placement Holding
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Posted - 2008.08.21 08:31:00 -
[12]
Now everyone is reserving pending an audit and no-one is doing an audit. Awesome. I am offering to buy up 1 share without any need for an audit. |
Roguehalo
Caldari
State Protectorate
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Posted - 2008.08.21 08:50:00 -
[13]
Originally by: Ricdics
Now everyone is reserving pending an audit and no-one is doing an audit. Awesome. I am offering to buy up 1 share without any need for an audit.
hmm take it steady.....that's a whole 100m you risking there  |
flakeys
Omerta Squadron
Pirate Coalition
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Posted - 2008.08.21 11:29:00 -
[14]
Edited by: flakeys on 21/08/2008 11:33:04
Originally by: Ricdics
Now everyone is reserving pending an audit and no-one is doing an audit. Awesome. I am offering to buy up 1 share without any need for an audit.
Was thinking just the same.
I'll take 2 shares no audit needed.Now if you have 7 more shares sold to people who don't need an audit , you'll save yourself the fee for the audit 
An audit doesn't give any guarantee to scam or not .. it just shows if a person is able to trade , not if he is willing to do the same with your isk. |
Shar Tegral
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Posted - 2008.08.21 13:28:00 -
[15]
Instead of responding to the offers you've received since I posted I'm just going to bow out now. It does do you a disservice that I'm ashamed of but I do not feel like using my influence, position, or isk to make a mockery out of you and everyone else that frequents this forum.
Sadly, you will not succeed in your posted endeavor. Instead of experiencing the bond/ipo market like everyone else has in the past a few miscreants are tossing out the commonly accepted practices for shits and giggles.
I wish you well and, given the people that have shown up (no matter their purpose - if any), you will likely find your funding so congrats to you. |
Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.21 14:52:00 -
[16]
As far as I am concerned, an audit is a good idea so I still intend to do one. I am sure it is a hassle but the experience would be useful.
It does look like all 10 are reserved at this point, which is faster than I expected.
- Lexander Morinex |
Shar Tegral
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Posted - 2008.08.22 01:36:00 -
[17]
Confirming my auditor status.
To Shar -verb:
1 - To say what you mean.
2 - To say what it means.
3 - To say something mean. |
Lexander Talonix
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Posted - 2008.08.22 01:40:00 -
[18]
Edited by: Lexander Talonix on 22/08/2008 01:40:51
Shar Tegral has agreed to perform the audit. I am assuming that he still wants 2 bonds, in which case after all is said and done (and a dropout) I have the following:
Shar Tegral - 2 bonds
Salisuka - 2 bonds
Kwinti Summer - 2 bonds
Namco - 2 bonds
River Torrent - 2 bonds
If people drop out for one reason or another, it goes:
Mr. Horizontal - 10 bonds
Ricdic - 1 bond
flakeys - 2 bonds
Once the audit procedure is completed (and assuming it turns out well) I will get in contact with people or you can contact me and work out the final details.
I know there is more interest than just the 10, but I feel for my own safety and that of the investors I shouldn't play with that much money quite yet. If all goes well this round I would be willing to consider another offer, but let me get the experience working with larger amounts first.
- Lexander Morinex
P.S. I hate when I post by accident with my alt.
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Shar Tegral
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Posted - 2008.08.22 19:16:00 -
[19]
I'm working from a snapshot look at Lexander's account.
Lexander Morinex
Creation Date: 03-Jul-2008
Total Skillpoints: 2,289,948
Total Number of Skills: 66
Toon #2
Creation Date: 12-Jul-2008
Total Skillpoints: 884,763
Total Number of Skills: 41
Toon #3
Creation Date: 05-Aug-2008
Total Skillpoints: 802,753
Total Number of Skills: 24
So we have what looks to be a true rookie here. There are a number of suggestions I would make to Lexander but the skill training does reflect the usual rookie shifting focuses and assumptions.
Lexander has vigorous trading activities and a good selection of available assets, even for one with limited trade skills & experience. I've not done a p/l statement on the activities but I also suspect that will be difficult to accurately determine due to the heavy missioning. (It is likely that much of what is being sold is from missioning.)
Also, taking a look at the data available to all the toons, there does not seem to be any suspicious relationships via corp histories and what not. Even the data that is available on the other corps, the alts are in player corps not Lexander's, is fairly standard in activity and purpose. I.e. Nothing suspicious or out of place.
For so small an amount, if this is a scam it is a poor one. One billion would just about buy 3 gtc's and not a single toon, so... I'll be sending my 200m as soon as I get back to my personal pc's.
To Shar -verb:
1 - To say what you mean.
2 - To say what it means.
3 - To say something mean. |
Lexander Talonix
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Posted - 2008.08.22 20:43:00 -
[20]
Originally by: Shar Tegral
So we have what looks to be a true rookie here. There are a number of suggestions I would make to Lexander but the skill training does reflect the usual rookie shifting focuses and assumptions.
Lexander has vigorous trading activities and a good selection of available assets, even for one with limited trade skills & experience. I've not done a p/l statement on the activities but I also suspect that will be difficult to accurately determine due to the heavy missioning. (It is likely that much of what is being sold is from missioning.)
Shar, thank you for taking the time to do the audit. You pretty much hit it on the head, and if you have some good suggestions on skills I am always willing to hear them. I am making fairly steady profits from trading, but as with any new player I improve as I go.
- Lexander
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Namco
Balls of Steel
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Posted - 2008.08.23 20:37:00 -
[21]
Originally by: Lexander Talonix
Once the audit procedure is completed (and assuming it turns out well) I will get in contact with people or you can contact me and work out the final details.
I've been contacted & have sent my commitments worth of ISK.
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Lexander Talonix
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Posted - 2008.08.27 01:11:00 -
[22]
Update:
8 of the 10 were subscribed, to Namco, Salisuka, Shar Tegral, and River Torrent (2 each). Kwint Sommer has not replied. Mr. Horizontal is next on the list if he is still interested in the offering. Otherwise I will probably just go with the 800m, which is being profitably used as it is.
The payout dates are as follows:
09-21-08
10-21-08
11-20-08
- Lexander Morinex
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Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.08.27 08:56:00 -
[23]
Originally by: Lexander Talonix
Mr. Horizontal is next on the list if he is still interested in the offering.
I am indeed. Will send you your iskies tonight.
Director | www.eve-bank.net |
Kwint Sommer
Caldari
XERCORE
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Posted - 2008.08.27 10:07:00 -
[24]
My apologies, RL kept me busy this last week. You were sent an eve-mail yesterday confirming my intent to purchase the shares and asking for confirmation that I should send the ISK. To whom should I send the funds?
Purchasing and Shipping Moon Minerals |
Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.08.27 18:38:00 -
[25]
Kwint, thank you for getting back to me. The funds can be sent to Lexander Morinex.
Mr. Horizontal, shorty after posting Kwint sent me an EVE-mail informing me he still intends to subscribe. I appreciate your willingness to be involved, but I have decided to go strictly in order since I had many people interested.
To all others involved, I know there has been some interest in oversubscribing the offering. I feel I should respectfully decline such offers. I am not interested in scamming so the extra ISK is only as useful as I can make it, and I firmly believe that 1b is the most I can adequately use for my character skills and experience.
As it is, I am very happy with the results to this point. I have made a number of profitable trades and the additional ISK is helping me maximize my returns. When this offering is repaid, I will consider another offering at that time if I feel that the additional ISK would be useful.
Thanks,
- Lexander Morinex
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Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.09.22 02:02:00 -
[26]
First bond payments posted.
- Lexander Morinex
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Shadarle
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Posted - 2008.09.22 03:04:00 -
[27]
Wow, surprised I missed this IPO. But after having read lots of Lexander's posts since he has been posting here I would have bought this thing out fully myself if it was to have popped up now.
It's so rare to find someone who can post on these forums intelligently, for that reason alone he'd deserve a few billion of isk imo.
So I'm officially reserving 20% of the next lexander offering pending my actually reading it should it ever occur. (I don't expect this reserve to mean anything, but if it did that would be really neat)
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Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.09.22 12:19:00 -
[28]
I certainly appreciate the compliment Shadarle. The bond offering filled up very quickly and so far has been very successful.
It is unlikely I will be putting in a new offering after this one. I am now reaching the point of being well capitalized and the needs of a trader such as myself are not that great. I feel that most things that I project that I want to do I should have sufficient ISK to do on my own in the future.
However, when I finally get my dissertation completed and properly defended I might be able to take time to sit down and get into some larger projects. At that point I will contact some of the people who have expressed interest in the next round and see how we might proceed. My future needs are likely to be less about capital and more about business expertise.
- Lexander Morinex
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Shadarle
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Posted - 2008.09.22 13:44:00 -
[29]
Originally by: Lexander Morinex
I certainly appreciate the compliment Shadarle. The bond offering filled up very quickly and so far has been very successful.
It is unlikely I will be putting in a new offering after this one. I am now reaching the point of being well capitalized and the needs of a trader such as myself are not that great. I feel that most things that I project that I want to do I should have sufficient ISK to do on my own in the future.
However, when I finally get my dissertation completed and properly defended I might be able to take time to sit down and get into some larger projects. At that point I will contact some of the people who have expressed interest in the next round and see how we might proceed. My future needs are likely to be less about capital and more about business expertise.
- Lexander Morinex
I figured as much. This is the problem with smart players, they don't need other peoples money once they get started as they are able to make their own money. They are also smart enough to realize that giving away 10% a month is not beneficial to their bottom line in many cases if they can do it without that money.
Alas, we are left with the dregs who aren't good enough to be worth investing in or who pay out pitifully worthless 1-3% returns as they know they don't have to pay more.
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Lexander Morinex
Caldari
LDD Investments
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Posted - 2008.09.22 14:06:00 -
[30]
Originally by: Shadarle
I figured as much. This is the problem with smart players, they don't need other peoples money once they get started as they are able to make their own money. They are also smart enough to realize that giving away 10% a month is not beneficial to their bottom line in many cases if they can do it without that money.
Alas, we are left with the dregs who aren't good enough to be worth investing in or who pay out pitifully worthless 1-3% returns as they know they don't have to pay more.
This is the basic problem in a nutshell. This bond offering has given me the tools to cross the basic threshold I needed to really get things going. After that, I can't really see what else to invest in.
An IPO makes sense if you have to tie up a lot of capital in one big project. I used the entire capital given for this IPO almost immediately. As players grow more wealthy, this need decreases and increasing competition reduces the margins that could be gained in the first place.
I am personally very interested in the banking market, but I keep asking myself several questions over and over:
What is any bank going to do with 1 trillion in assets?
Can such a bank diversify sufficiently to cover the risk of massive losses?
Can it really be a good bet to get 1-3% a month on any investment?
Just how many IPO's and business opportunities can any one bank really find that are profitable?
Can any investment bank produce enough value in their own operations to continue to pay out monthly dividends for an indefinite period of time?
I don't know the answers to these questions, and perhaps that is what makes EBank so special. This is what puzzles me about the current 'invest in EBANK' model. I think EBANK does a lot of good things well, but look what happened in the American capital markets in the last few days. Is EBANK actually using 1 trillion in assets effectively. If so, why can't any other player do better than 3% a month on their own assets?
- Lexander Morinex
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