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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.06 20:23:00 -
[1]
Originally by: Ricdic
This could have (and still could) blow up if Caleb decides to run with the cash. Will you remain liable for the debt if this happen Ji Sama? Have you done any background check on Caleb? Has an auditor checked out Caleb prior to receipt of funds? Has it been made clear from the start that Caleb would be in holding of 20+ billion isk?
I can vouch for BOTH Caleb and Ji Sama.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.07 05:19:00 -
[2]
Originally by: Ricdic
Originally by: LaVista Vista I can vouch for BOTH Caleb and Ji Sama.
So are you stating officially right here that if either of these characters default or scam through this offering you will repay the entire debt or be responsible for the whole debt?
Last time I checked, the word "vouch" meant nothing of that sort.
Quote: assert or confirm as a result of one's own experience that something is true or accurately so described : ò confirm that someone is who they say they are or that they are of good character : he was refused entrance until someone could vouch for him.
Especially seeing as I'm personally barely worth 20bill, do you think that's likely or what's up with that?
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.07 06:08:00 -
[3]
Originally by: Ricdic
Your response either way clarified that you had nothing more than a character reference on those two and won't be liable for any issues that arise as a result of scam/failure etc.
First of all, let me rephrase:
I can vouch for the integrity of Ji Sama and Caleb. I know for a fact that they are good guys and I would trust them with hell of a lot more than 20bill.
As for the speculation you put forward about how I "had nothing more than a character reference", Ricdic, I think that you should really consider not posting about things which you know nothing about.
Let me try and explain to you the process I consider when I either vouch for somebody or don't.
I split people into 2 categories:
1) People whom I know in real life and know are sound and honest people 2) Hexxx
Ji Sama and Caleb falls into the first category.
Please notice that I have never actually vouched for anybody else before, not even your ventures.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.07 06:21:00 -
[4]
Originally by: Ricdic So you didn't read that thread? If you aren't guaranteeing their operation then it's a character reference?
Hey, Ricdic. Lets play a game 
It's called: StopUsingStrawmanArguments(SUSA for short)
Let me quote myself and then be done with this stupid argument.
Quote: I can vouch for the integrity of Ji Sama and Caleb. I know for a fact that they are good guys and I would trust them with hell of a lot more than 20bill.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.07 08:02:00 -
[5]
Originally by: Ricdic his statement was open to interpretation as per the other 3 page thread I linked that he failed to read.
I didn't fail to read it at all. I just fundamentally disagree with it.
And if you read those 3 pages of thread I supposed "failed to read"(Again, you are assuming too much), then you would realize that Shardale was the only person who directly agreed with you.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.07 08:42:00 -
[6]
I hate to keep de-railing this thread, but:
Quote: Now read the Wylker IPO thread and take note at the people going nuts at those who vouched for Wylker and even some who had war declared on them as a result.
Having went trough the last 5 pages, I hardly see people going "nuts". I see you and a few other vocal people. But hardly anything worth mentioning.
Quote: It isn't really up for debate as to the true meaning of the word vouch, the only thing of importance is to clarify your position when using the word (as regardless it has been shown via dictionary.com that it is easily misinterpreted if not clarified).
And the fact is that I never said that I would garauantee anything.
Now lets kill this discussion. It doesn't exactly belong in this thread.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.09 12:30:00 -
[7]
Edited by: LaVista Vista on 09/05/2009 12:35:46
Originally by: cosmoray
"hey guys I need 25B in an IPO, and I promise to get an audit done meanwhile send your money to my mate who has done nothing in the game. When the audit is done I'll get the cash"
Sound like Evn7289 & Xabier???
Sounds more like you haven't actually followed the thread at all.
But that might just be me 
Not only did your argument base around ad hominem, but you also ignore the fact that Ji Sama was extremely upfront about the fact that he would be fine with an audit. The second somebody mentioned, he took contact to a large amount of auditors.
Sadly, as you would have noticed, it didn't go very well, because the current supply of auditors is... limited.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.10 17:59:00 -
[8]
Originally by: Selina Candor As part of a SCS intiative and with Ji Sama's consent, API keys for the TMP IPO have also been released to Brock Nelson.
The goal of this program is to allow smaller auditors to gain experience and credibility by working on projects that would usually be reserved only for MD's very trusted.
Both auditors will work seperately to produce their reports. Ideally, the 'intern' report will be completed and posted first followed by the 'Senior' report.
This will allow any potential flaws in the 'intern' report to be pointed out and discussed so that the new auditor may improve his or her skills.
The SCS will be doing a full announcement of this program at a later date.
Exciting stuff, to be bloody honest.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.14 04:17:00 -
[9]
Quote:
So according to the above, you are an alt of someone here who runs a public IPO/Bond already? How much is that bond valued at? Who is the character? I think previous bond/ipo history and listing of current operations is crucial and extremely important.
Given the fact that the all his alts are listed, shouldn't one be able to figure it out by oneself? It's a fact that Ji Sama is a main, so Ji Sama can't be an alt of a main.
If it's NOT the case that the alt in question isn't listed there, then the auditor sure didn't do his job good enough at pointing that out.
And I don't think that investment corporation == IPO/Bond. IPO's and bonds are specific to the secondary market and the market discussion forum especially.
Quote: I don't want to throw 30b at someone who already has an 80b bond here.
This comment had me a laughing a bit. You aren't going to throw 30bill at this anyways, especially seeing as the WHOLE IPO itself is valued at less than 25bill. 
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LaVista Vista
Conservative Shenanigans Party Sex Drugs And Rock'N'Roll
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Posted - 2009.05.17 10:07:00 -
[10]
Originally by: Ricdics Does part of the above say you will be giving some money to other people to spend? If they scam, will you cover the loss?
Last time I checked, the main difference between an IPO and a bond, is following:
Bond(Debt financing): - Fixed rate - Investors always gets their principle back in full - No ownership in the corporation
IPO(Corporation ownership): - Variable rate - Shared risk - Partial ownership in the corporation
In the IPO plan, it's clearly stated that you invest into a corporation, who also invests and stuff. If it's a corporation, it's by definition a set of people, not just a person. So don't be surprised that he will be giving ISK for others to spend.
I'm not saying that Ji Sama won't actually cover any loss. However let it be clear that it's not something that HAS to be done.
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.05.21 08:04:00 -
[11]
Originally by: Gabriel Virtus
Originally by: Brock Nelson Linkage
Ji hasn't made any changes to the buyback plan. If you didn't like that part to begin with, then why invest in it?
I am new to investing and I assumed that it was an offer to buyback shares from investors trying to get out before the IPO closes, etc. Not a 95% buyback plan that can be forced on investors at any point, including now and make everyone take a 5% loss. It was my mistake to not read more carefully, but still think this is rather odd feature to use even after a successful IPO.
-GV
A 95% buyback is a nessescary evil.
It yields several benefits.
- Keeps people from investing and then selling their shares back straight after first payout. Keeps people invested rather than people only picking up shares right around payout days. - It makes sure that people are less likely to sell back, which could cause liquidity problem for the IPO
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2009.08.08 13:00:00 -
[12]
Originally by: Ji Sama
i will calculate this against the next months dividend payment.
Aka. THIS WILL BE DEALT WITH.
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