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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 00:47:00 -
[1]
Edited by: Ender2006 on 04/04/2009 00:50:46
So, IPO around here seem to be rather formulaic and frankly boring. For good reasons I suppose :)
After my last two successful offerings:
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1015653
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=992647
I have decided to shake the formula up a bit with my current offering.
The Goal
5 billion in capitol sought for investment in trading activities for a period of 3 months (April 11th - July 11th)
minimum investment - 250m
maximum investment - 750m (unless goal is not reached)
Terms of Repayment
Interest will be paid each month by one of the following two options - depending on which is of larger value for the investor:
1.) 2% simple interest
2.) 20% of all trading profits during the preceding month (split between all investors relative to their investment size)
Example of Profit Share
Investor A has loaned Ender 1 billion isk.
Ender makes 4bln estimated profit during the first month on capitol of 5bln.
20% of that profit is shared = 0.8bln.
Investor A has 1/5 of total IPO amount so he receives 1/5 of shared profit.
1/5 * 0.8bln = 0.16bln
Investor A sees a return of 16% in month 1.
Example of Simple Interest
Ender meets a girl named Eve. Ender makes 5isk profit on 5bln capitol in month 1. 10% of 5 isk profit is shared = 1 isk.
Ender's loan defaults to a 2%/month guaranteed interest rate.
Investor A receives 20mln isk on his 1bln investment or a 2%/month return.
Collateral
4bln of the 5bln in total capitol is secured by my holdings in IRD bonds. In the case of my sudden incapacitation, Ulecese is authorized to repay investors 80% of their initial investment from this amount, regardless of interest payments made prior to disappearance. This will be on his own schedule depending on when he has available funds and in no case is he authorized to make payments prior to July 18th without my written approval.
Restrictions
1.) Investors may only receive a return of their isk ahead of schedule after a 25% penalty for early withdrawal (unless it is within 1 day of the month's interest payment in which case a 15% penalty will be assessed) This is necessary due to the huge penalty for liquidation of assets by selling to buy pricing.
2.)At no time will Ender's assets from trading + investment exceed 10bln during a month. Until this amount is reached all investment + profits will be plowed back into trading activities. Once this amount is reached Ender reserves the right to pull any additional earnings and spend them on personal or corporate purchases. Any amounts taken will be recorded and will count as profits that will of course be shared normally. They will simply not be reinvested for future earnings. Sums above 10bln are deemed to be currently unmanageable.
Market Techniques
Principle sources of profit will be resale of t2 modules, market manipulation, relocation and re-listing of items and minerals, and reprocessing of modules bought below market price.
Any questions? Feel free to ask.
Taking reservations now.
Not accepting funds at this time.
PS.
No, I will not be completed an audit prior to this offering. Frankly, it wasn't necessary with my previous offers and this one is mostly secured. Although, I have indeed put out feelers... Shar has forum issues for a few months and kezzac is booked until after mid-month and a bit pricey :-P Regardless, I will let me previous investors and offerings speak for themselves.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 00:48:00 -
[2]
Edited by: Ender2006 on 04/04/2009 00:57:59
Previous offering is not closed out yet. I am repaying funds + interest in the next 30 minutes and hopefully investors will be on here shortly to confirm this fact. Thanks.
I did this so I could point them towards the new offer in case they are interested in my close-out email
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 00:48:00 -
[3]
reserved
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Biruni Khan
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Posted - 2009.04.04 00:55:00 -
[4]
In for 750M
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Akuma Gouki
Amarr
Divine Power.
Wildly Inappropriate.
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Posted - 2009.04.04 01:11:00 -
[5]
Just got paid out from the last one. Thanks a lot man! I'm willing to put up 750mil this time around.
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Rakessh
Arachnea Phoenix Battalion
Hoodlums Associates
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Posted - 2009.04.04 01:18:00 -
[6]
Confirm payment received from last round :)
CEO Arachnea Phoenix Battalion |
Rakessh
Arachnea Phoenix Battalion
Hoodlums Associates
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Posted - 2009.04.04 01:27:00 -
[7]
Edited by: Rakessh on 04/04/2009 01:27:30
Reserve 1 bn for Rakessh.
Edit: Sorry... 750 mill with option for 1 bn
CEO Arachnea Phoenix Battalion |
Raskor
Crossflow Enterprises
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Posted - 2009.04.04 01:32:00 -
[8]
Reserving for 250m reinvestment.
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Krathos Morpheus
Gallente
Legion Infernal
Wildly Inappropriate.
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Posted - 2009.04.04 01:36:00 -
[9]
 Quote:
2.)At no time will Ender's assets from trading + investment exceed 10bln during a month. Until this amount is reached all investment + profits will be plowed back into trading activities. Once this amount is reached Ender reserves the right to pull any additional earnings and spend them on personal or corporate purchases. Any amounts taken will be recorded and will count as profits that will of course be shared normally. They will simply not be reinvested for future earnings. Sums above 10bln are deemed to be currently unmanageable.
That this means that profit obtained from the 80% profit not shared between investors count towards the next profit dividend?
Does the cap on 10B means that 20% of investment is the max dividend?
What's going to happen the last month with the assets not sold? Will you pay 20% of market value as dividends?
EVE Knowledge
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Esharan
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Posted - 2009.04.04 01:38:00 -
[10]
Edited by: Esharan on 04/04/2009 01:39:36
Can I ask why you won't do an audit?
I am just curious... how do we know this is not an elaborate scam/ponzi?
Thank you!
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The Slagh
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Posted - 2009.04.04 01:42:00 -
[11]
If you're willing, I(a relative unknown) would be glad to do an audit for free if you'll consent.
Just let me know.
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Dennmoth Ferdier
The Scope
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Posted - 2009.04.04 01:48:00 -
[12]
Originally by: The Slagh
If you're willing, I(a relative unknown) would be glad to do an audit for free if you'll consent.
Just let me know.
Sorry if you're hugely famous around here and I've just happened to miss your presence and feats here in MD, but I got to ask you this.
How does it help the OP to have you do an audit? If we don't know you, how do we trust you and more importantly the audit information you're going to give us?
Tell me, how without reputation and trust, can we be sure you're not just an alt for example doing an audit on yourself?
Think about it.
------
Heart for isk, Balls for risk. |
Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 01:53:00 -
[13]
sorry let me clarify this section with examples. Good questions.
20% of investment is in no way the max dividend (but it would take a stellar month to top 5bln in profits)
Lets say by some miracle I earned 10bln isk in month 1 (Not gonna happen - and have months of data that say it won't)
I would share profits of 10bln isk. So investors would receive 2bln split between their relative portion of investment.
My total assets after paying profit share would then be 13bln isk. This is too high. I would take out 3bln for personal use.
In month 2 I would have a start value of 10bln isk.
Note - I will not pull out my 80% share at all until the total assets have reached 10bln.
In month 2, lets say I earn 3bln isk in profits on the 10bln start. I would share 0.6bln. I would then have 12.4bln in assets and would take 2.4bln out again for personal use.
I would start month 3 with 10bln again.
This should not limit profits for investors substantially because I doubt I can manage more than 10bln anyway, it will just sit idle. It also offers me motivation to earn isk and allows me to tap my 80% profit share sooner than the 3 months if I've "earned" it.
Finally, during the last 1-2 weeks of month 3 I predict that I will begin to liquidate inventory. Past experience tells me I rarely lose isk on this but my margins do get smaller. I should be able to close out 80-90% of my transactions and the remainder will be estimated at market value when determining profit for the month. Market value determinations are always subjective. I usually take the jita sell price and subtract 10-15% depending on difference between buy and sell price and velocity of the item sales.
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The Slagh
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Posted - 2009.04.04 01:57:00 -
[14]
Edited by: The Slagh on 04/04/2009 01:59:25
Originally by: Dennmoth Ferdier
Originally by: The Slagh
If you're willing, I(a relative unknown) would be glad to do an audit for free if you'll consent.
Just let me know.
Sorry if you're hugely famous around here and I've just happened to miss your presence and feats here in MD, but I got to ask you this.
How does it help the OP to have you do an audit? If we don't know you, how do we trust you and more importantly the audit information you're going to give us?
Tell me, how without reputation and trust, can we be sure you're not just an alt for example doing an audit on yourself?
Think about it.
Oh no, feel free to ask questions. I'm not well known around MD, but if you head over to the Events forum, you'll find I'm fairly well known there.
I've run about 20 lotteries a couple months back(interest dried out), and had over 3 billion in assets pass through my hands(at 100% risk),and had not a single bit of it "slip away".
So yes, I'm a bit of a lurker here, but I do have a small reputation elsewhere.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 02:00:00 -
[15]
to investor that asked about about scam/ponzi. :)
Well, you don't. But I close out my previous offers before accepting funds for a new ones, so a ponzi would be rough to pull off with that strategy.
Also this loan is 80% secured. I didn't work hard for two months to establish trusting investors so I can run away with 1bln which is maybe 5% of my net worth.
Why use investors at all if I have net worth? Basically I really like my corp and have spent several billions on ships and rigs for them to have pvp fun with when I'm bored. Its an addiction I like to feed, but I like to keep my own assets for those purposes and spend other people assets to make money. Also... I really like generating wealth and distributing payments and I enjoy posting personal inventory updates on the forums :-P Yes its ego related!
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 02:04:00 -
[16]
Heya slagh,
Thanks for the offer but basically, with the exception of a very few names around here who I feel are financially secure and trusted in the community I don't see the value in an audit.
An audit costs me regardless, since it lets someone else know my trade routes and so forth. Only way to mitigate that is have it be of either trivial value to the auditor's net worth, or to have the value gained by the reputational bonus be substantial and worth the price.
If, at a later time I have trouble raising the needed amounts, or can arrange for a mutually agreeable audit with one of these few people I am not terribly interested.
Thanks again though for the offer, really
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Esharan
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Posted - 2009.04.04 02:08:00 -
[17]
Edited by: Esharan on 04/04/2009 02:08:54
I am sorry but with all the recent MD "scam" stuff going on, with people presenting what seems like good deals but obvious ponzi's by saying stuff like "Trust me look at my last payouts, or talk to my investors" I don't know why I should (or anyone else should) trust you without an Audit.
To be honest your post seems also exactly like a fella named Aeragogos who also claimed he did not want to do a audit because he didnt want people to know his trade routes. Your little operation is actually scarily similar to his.
I suggest you have an audit done put everyones mind at ease. If not this just seems very suspicious and makes me think its a possible scam.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 02:14:00 -
[18]
Edited by: Ender2006 on 04/04/2009 02:13:50
/Ender makes a note to go look at this aerogogos postings on evesearch :)
Your opinion is noted - and frankly I understand the caution. Hopefully not every investor will feel this way. I don't offer substantial potential payouts just because I feel like it. (though I sorta do since 80% of profit seems still very nice to me as well despite the many hours I put in) Part of the enhanced payout is to compensate for the risk and reward them for making the correct decision in placing their trust.
Cheers!
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The Slagh
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Posted - 2009.04.04 03:09:00 -
[19]
Originally by: Ender2006
Edited by: Ender2006 on 04/04/2009 02:13:50
/Ender makes a note to go look at this aerogogos postings on evesearch :)
Your opinion is noted - and frankly I understand the caution. Hopefully not every investor will feel this way. I don't offer substantial potential payouts just because I feel like it. (though I sorta do since 80% of profit seems still very nice to me as well despite the many hours I put in) Part of the enhanced payout is to compensate for the risk and reward them for making the correct decision in placing their trust.
Cheers!
Realistically speaking, if you choose to go with the story that you are afraid people will steal your trade routes by performing an audit, I ask you this:
Assuming I'm trying to steal your trade secrets, do you really think that you've stumbled upon the all-godly secret to making ISK and are the only one to have done so?
And secondly, If you're not the only one, how will another person being in on the 'secret" hurt business?
In my mind, your excuse is very flimsy.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 03:19:00 -
[20]
not an excuse, just one legitimate concern.
In actuality though I have very few trade secrets. Mainly just price update patience. I trade in hundreds of modules in jita 0.01 isk wars. Most I reprocess for minerals, some I resell elsewhere, some I re-list immediately. go sell a few items there to my alt jasmine2006 and you'll see what I deal in.
I also make a good chunk of my profits by reselling t2 modules Ulecese sells me in bulk amounts. Not worried about anyone poaching my turf there.
And then I dabble in mineral resells in manufacturing hubs as well as ship construction.
Eventually I'll get an audit done. Just clearly don't need one for this venture since its already halfway sold out even with my maximum limit per investor.
Anyway, invest at your own peril, based on my reputation and the 80% collateral. In return enjoy what likely will be vastly superior interest returns from some of the other meager offerings that seem to abound :) if you're the type that needs 100% security go enjoy your 2-3% ebank returns we'll both be happier :-P
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Adrik Erwi
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Posted - 2009.04.04 04:08:00 -
[21]
Edited by: Adrik Erwi on 04/04/2009 04:11:03
Sign me up for 500mil with option to double that before the start date please. I'd also like the 2% monthly payout. Will send initial funds in a few moments.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 04:14:00 -
[22]
HEHE THANKs aerik, btu actually not taking funds till next Saturday. this will allow me to close out the current sell orders and such and simplify accounting.
And actually you don't need to pick an option. I will always pay the higher one, profit share or 2% and believe me, profit share will be higher! :) putting you down for reserved
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Digital Jedi
Caldari
Umbrella Corporation Inc.
Diligentia Facundia Wing
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Posted - 2009.04.04 04:25:00 -
[23]
In for 750M.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 04:26:00 -
[24]
updated, 1 bln left to go.
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Emily Khan
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Posted - 2009.04.04 04:29:00 -
[25]
Mark me up for 500m let me know when I need to send isk
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 04:30:00 -
[26]
Edited by: Ender2006 on 04/04/2009 04:33:33
any relation to Biruni Khan?
thanks, 500m remaining, isk will be collected any time starting April 10th. Isk must be received before April 12th or there will be a daily reduction of 1/30th of your portion of the profit share.
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Emily Khan
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Posted - 2009.04.04 04:51:00 -
[27]
nope no relation but are you going to send out mail to let us know to send in?
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.04.04 04:52:00 -
[28]
Edited by: Brock Nelson on 04/04/2009 04:52:34
Originally by: Ender2006
Isk must be received before April 12th or there will be a daily reduction of 1/30th of your portion of the profit share.
Love it how you left that important info out of your plan before everyone started reserving...
Blueprint Store |
Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 04:53:00 -
[29]
yes I will send out a mail to each reserved investor on April 10th to remind people and will have you each on a buddy list so I'll notice if you log in
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.04.04 04:56:00 -
[30]
you're right Brock but 1/30 of that month's profit share is reasonable for each day delay considering that's one day of the month I didn't have their isk to earn profits with. shouldn't be an issue with any of these people since I've worked with several of them b4.
by the way, I need a 3rd party for this transaction. paying. are you interested?
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1036262
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