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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 03:54:00 -
[1]
Edited by: Brock Nelson on 23/12/2008 03:54:41
Flux Technologies Inc Bond Offering
The quick and dirty 1 billion bond offering, 8% per month, 4 month term, full payout at the end of 4 month term totaling 32% compounded. 100 bonds @ 10 million each. Even a small time investor can get into it.
Who am I? I run a research corporation known as Flux Technologies, IĈve been posting in Market Discussion for awhile. I have audited one successful bond (Stardust CEO) in the past.
Business Plan There is no plan; the idea is to simply create a 4 month CD at Dynasty Bank that returns 10% per month. IĈm taking 2% as a fee and offering 8% to investor. IĈm offering this bond because I have 2 accounts at Dynasty Bank that is doing nothing and I thought people would benefit from my offering.
Bond Plan This bond offering is open today and will close on Dec 30th; no bonds will be sold after that date. The bond will begin on Dec 30th and run until April 30th.
Flux Technologies Inc is offering a total of 100 bonds for 10 million each, totaling 1 billion. At the end of 4 month term, investor will get their full investment back plus 32%. So, if you purchase 1 bond at 10 million; you will get 13.2 million back.
The bond will expand if more than 100 bonds are purchased before Dec 30th.
Risk Mitigation What happens if DBank folds or scams everybody? Simple, IĈll sell some of my asset in Flux Technologies to cover the loss.
The Why Why should you purchase this bond? Easy, if you simple head over to Dynasty Bank and create your own account, your only risk is losing 100% of your investment if they fold or scam everybody. If you invest into Flux TechnologiesĈ bond, your investment is 100% covered by assets owned by Flux Technologies.
Fire away the questions, critics and scam post.
10% for Returning Customers |
Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 03:54:00 -
[2]
Reserved
10% for Returning Customers |
Vikarion
Caldari White Rose Society
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Posted - 2008.12.23 03:59:00 -
[3]
Edited by: Vikarion on 23/12/2008 03:59:32 So, basically, for a 2% return you are insuring complete safety? Aside from your own chance of scamming, of course.
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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.12.23 04:00:00 -
[4]
Originally by: Brock Nelson Fire away the questions, critics and scam post.
Scam! Okay, but really, can I get some credit for at least one or two of those paragraphs?
I'm interested to see where investor confidence is higher: in Dynasty Bank, or in Brock Nelson. If the latter ends up holding true, I think Dynasty clearly has some work to do. (That's no dig against you by the way, but more an expectation for DBANK that derives from EBANK's high reputation as a trusted entity.)
I'll take 10 bonds, why not.
Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%) |
Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 04:02:00 -
[5]
Yes, I should mention that Packtu'sa had suggested Risk Mitigation. I am by no means, suggesting that Dynasty Bank is not to be trusted, however there has been 1 other bank that had scammed everybody.
10% for Returning Customers |
Vikarion
Caldari White Rose Society
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Posted - 2008.12.23 04:02:00 -
[6]
Not to be asinine, but how do we know that you and Stardust aren't working together to accumulate a large amount of small-time loans in order to make one big scam?
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 04:05:00 -
[7]
Edited by: Brock Nelson on 23/12/2008 04:05:33 1 billion scam is not worth my time. A independent auditor can verify that there has been no interaction between Stardust CEO or any of his alts with my alts and I.
Edit: Of course, other than discussion Stardust's audit.
10% for Returning Customers |
Stardust CEO
Stardust Manufacturing
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Posted - 2008.12.23 04:07:00 -
[8]
I'm never sure what shocks me more: How diligent the vets here are about protecting their isk, or how easily the majority of players are ripped off.
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Vikarion
Caldari White Rose Society
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Posted - 2008.12.23 04:31:00 -
[9]
Originally by: Stardust CEO I'm never sure what shocks me more: How diligent the vets here are about protecting their isk, or how easily the majority of players are ripped off.
Now that's a statement that can be taken a multitude of ways.
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 04:37:00 -
[10]
Yeah, Stardust, can you elaborate? Your post is kind of negative...
10% for Returning Customers |
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The Schwa
Coda Holdings
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Posted - 2008.12.23 04:45:00 -
[11]
With dead isk lying around and deposit limit reached at DBank I'll bite for 50.
Isk to Brock Nelson? |
Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 04:57:00 -
[12]
Yup, to Brock Nelson
10% for Returning Customers |
Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.12.23 05:02:00 -
[13]
Edited by: Packtu''sa on 23/12/2008 05:02:34
Originally by: Brock Nelson Yup, to Brock Nelson
I assume you'll be waiting on the CD creation until you raise all requested capital, so I'll toss the ISK your way shortly after Christmas. I'll give you plenty of time before the 30th. [EDIT] Typo.
Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%) |
Stardust CEO
Stardust Manufacturing
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Posted - 2008.12.23 05:02:00 -
[14]
I guess it could be interpreted as ambiguous. Let me clarify. What I was trying to illustrate is how easily some people throw their isk at some of the recent bonds posted, with very little support for stated business plans and no reputation to back up the offerer, and contrasting it with the diligent caution of the vets, even going so far as to suggest Brock and I might be working together on an elaborate scam to gather lots of small bonds in order to pull of a concerted large scam.
You have to admit, it's quite a contrast.
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The Schwa
Coda Holdings
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Posted - 2008.12.23 05:03:00 -
[15]
Isk sent. |
Frenden Dax
Dax Acquisitions
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Posted - 2008.12.23 05:09:00 -
[16]
Edited by: Frenden Dax on 23/12/2008 05:13:59 EDIT: I'll have to pull my reservation unfortunately; miscalculated and I won't be able to render enough capital liquid in time.
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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.12.23 05:09:00 -
[17]
Originally by: Stardust CEO What I was trying to illustrate is how easily some people throw their isk at some of the recent bonds posted, with very little support for stated business plans and no reputation to back up the offerer, and contrasting it with the diligent caution of the vets, even going so far as to suggest Brock and I might be working together on an elaborate scam to gather lots of small bonds in order to pull of a concerted large scam.
I'd say it's more a divergence of priorities. My interest is in getting my feet wet with investments and making a bit of money with as widely diversified a portfolio as possible. 100m ISK to me is a drop in the bucket compared to the rest of what I'm working with, so if I lose it, I won't be doomed to failure or anything. If Brock stays true to his word, I get 8%/mo. on 100m. It's not much, but it's better than the 4% I'm paying for the privilege of holding onto that capital. I'm also willing to "throw" my money at this because I am interested in this sort of financial structure being deployed more frequently in EVE, so I want to support it in its emergence. An investor who cannot afford to lose anything might be more scrutinizing, but I wouldn't necessarily say that the split is between "the vets" and the masses.
Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%) |
Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 05:11:00 -
[18]
Originally by: Stardust CEO I guess it could be interpreted as ambiguous. Let me clarify. What I was trying to illustrate is how easily some people throw their isk at some of the recent bonds posted, with very little support for stated business plans and no reputation to back up the offerer, and contrasting it with the diligent caution of the vets, even going so far as to suggest Brock and I might be working together on an elaborate scam to gather lots of small bonds in order to pull of a concerted large scam.
You have to admit, it's quite a contrast.
Its ironic, you were facing the same situation except in my case, I have more rep than you did at the time of your bond offering. At least, I'd like to think that I'm more known than you were.
I'll create the CDs as soon as the isk is sent in. Ie: The Schwa had sent his 50 shares and will get his Cd created as soon as it gets uploaded to DBank.
10% for Returning Customers |
Stardust CEO
Stardust Manufacturing
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Posted - 2008.12.23 05:15:00 -
[19]
Originally by: Stardust CEO I guess it could be interpreted as ambiguous. Let me clarify. What I was trying to illustrate is how easily some people throw their isk at some of the recent bonds posted, with very little support for stated business plans and no reputation to back up the offerer, and contrasting it with the diligent caution of the vets, even going so far as to suggest Brock and I might be working together on an elaborate scam to gather lots of small bonds in order to pull of a concerted large scam.
You have to admit, it's quite a contrast.
In no way was I trying to say that this offering lacks a business plan, nor that Brock's reputation is not sufficient to warrant a billion isk investment. Not even close. Brock was my auditor for my bond, and has been both professional and discreet. As I cannot seem to get across the point I was trying to make, please please take my word that I was not trying to say anything negative about Brock, nor the people choosing to invest in this offering, and I'm disappearing from this thread.
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 05:18:00 -
[20]
It's no trouble, you're merely stating what MD vets will say when they wake up in the morning.
10% for Returning Customers |
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Stardust CEO
Stardust Manufacturing
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Posted - 2008.12.23 05:22:00 -
[21]
Edited by: Stardust CEO on 23/12/2008 05:22:42
Originally by: Brock Nelson It's no trouble, you're merely stating what MD vets will say when they wake up in the morning.
We both know you can look at the bonds offered in the last couple of days and see some risky investments. Those are the offerings I was speaking of. However "the vets" may feel about this offering makes no difference to me. If you'll take my isk, I'll invest in this. If not, I understand.
Edit - Besides, I believe according to that post earlier, I have this whole billion reserved :P
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 05:23:00 -
[22]
I'll take it
10% for Returning Customers |
Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.12.23 05:24:00 -
[23]
Originally by: Brock Nelson I'll create the CDs as soon as the isk is sent in. Ie: The Schwa had sent his 50 shares and will get his Cd created as soon as it gets uploaded to DBank.
In that case I'll send the ISK tomorrow as soon as the "other" bank has processed my withdrawal request.
Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%) |
cosmoray
Cosmoray Construction
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Posted - 2008.12.23 05:24:00 -
[24]
For a minute I thought you were asking us to judge whether your rep is better than DBank!
The value here is if you have hit your max CD holding at DBank, then this gets you a slightly lower rate unavailable elsewhere.
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 05:27:00 -
[25]
I'm not asking you to judge DBank rep's against mine. DBank doesn't have a limit on how much you can put into CDs, just how much you can deposit.
10% for Returning Customers |
Stardust CEO
Stardust Manufacturing
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Posted - 2008.12.23 05:29:00 -
[26]
I'll reserve 20 shares.
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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.12.23 05:37:00 -
[27]
Edited by: Packtu''sa on 23/12/2008 05:38:42
Never mind, I've decided that I like being my own bank. Funds for 10 bonds sent to Brock Nelson.
Originally by: cosmoray For a minute I thought you were asking us to judge whether your rep is better than DBank!
We're judging a few things here. One is whether or not Brock Nelson is trustworthy, and that's really a rather simple problem. Either he sticks to his word or he doesn't, and that holds true for every offer.
Another item for us to judge is whether Brock Nelson is competent enough to follow through on his word, assuming it's good. This is also a pretty simple one, as it's only a question of if he has 1bn in assets to liquidate.
The reason his service is useful is that although there may not be a question of DBANK's integrity, there are certainly valid questions about their competency. Brock may not have as strong a reputation, but the problem of ability is much simpler for him than it is for DBANK and there are far fewer variables. Does he have the assets or doesn't he? For the knowledge that he's actually capable, I'm willing to risk that his honesty isn't par with DBANK's.
[EDIT] Typo and a few corrections. It's late. I'm tired.
Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%) |
Vikarion
Caldari White Rose Society
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Posted - 2008.12.23 05:55:00 -
[28]
20 shares for 200 million. Isk sent.
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.12.23 06:00:00 -
[29]
All bonds are sold now, thanks for your support guys. CDs will be made as soon as they show up in DBank.
10% for Returning Customers |
Vikarion
Caldari White Rose Society
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Posted - 2008.12.23 06:00:00 -
[30]
Edited by: Vikarion on 23/12/2008 06:00:58 Bleh, I sent in 200 mil just before you edited for "sold out". Am I included or not?
EDIT: Oh LOL, I'm behind you all the way. I see the reservation now. All is cool.
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