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James Tundra
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Posted - 2009.05.16 23:25:00 -
[1]
Previous Bond:
[Closed]Issueing 1 Billion in Bonds, Raising Fund Capital
History:
I was running an investing and trading company named Tundra Investment Fund, using investments from the members of my corp, consistently offering a 20-30% weekly return on capital. To manage the fund I used corporation orders and a corporation wallet. The fundÆs accounts equaled roughly 700m at its peak.
About:
IÆve moved away from trying to solicit investments from my corp members, and instead towards taking on debt in the form of bonds, this allows me two things. One, I donÆt have to spit out interest on investments every week, which allows me to keep more money invested at one time, and allows me to spend more time trading. Secondly, it means that money cannot be withdrawn until the maturing of the bond, which means I donÆt have to worry about liquidating assets to insure that individuals can have their money within the 24 hours of the original request.
Audit:
An audit will be performed on the Tundra Investment Fund provided it is affordable, and required by potential investors.
As secure as a trading venture can be:
The fund has been active for about 3 months now, and has only had one week of no returns, while returns have averaged 24% when the fund was at 500m. The fund has slowly increased returns on capital since it exploded to triple its original size, the first week earned roughly 6% with each following week increasing the return further. The third week of may, the latest week earned roughly 14% on capital.
Total Interest 10%.
Interest will be paid at 5% Bi-Weekly and paid out via ISK Transfer. Because there are 2 interest payouts, the total interest paid will be 10% for one month. A spreadsheet is kept of all current and former investments.
Buyback 22 June 2009.
A 100% buyback will be active after one full month.
Start 8 June 2009.
The bond will start on Monday the 25th, and the first interest payment will be made on the 8th of June.
End 22 June 2009
The bond will end on Monday the 22nd of June, with the second interest payment being made on the 22nd of June.
All bonds will be returned on the 22nd of June
Minimum Investment 250m
Maximum Investment 1500m.
Any questions please contact me in game with James Tundra. All investments should be sent via Transfer Isk, and a record will be kept under this topic. Before an ISK transfer is made, an evemail should be sent with the amount being invested, otherwise the ISK may be returned.
Status:
Bonds Filled: 0 Million
Bonds Available: 3000 Million
Bond 1&2 500m:
Bond 3&4 500m:
Bond 5&6 500m:
Bond 7&8 500m:
Bond 9&10 500m:
Bond 10&11 500m:
Note: This bond will be open for purchase to the public on Monday the 18th. Previous Investors, Ji Sama, Lecherito, and Azerath will have the option to purchase bonds before they are open to the public.
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.05.16 23:59:00 -
[2]
Use this:
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1053758
Blueprint Store |
EVEHelpisSeriousBusiness
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Posted - 2009.05.17 01:08:00 -
[3]
You seem to be doing a good job with your previous bond but I think you may be getting ahead of yourself. A second round of funding generally isn't given until the first round is closed down and returned and on top of that you're going from 500M to 3B within one month. That's fast, too fast to know if you're legit or just grooming your rep so you can walk with a larger chunk of change.
Good luck.
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James Tundra
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Posted - 2009.05.17 01:26:00 -
[4]
First, this is a new bond, and thus is in a new post.
Secondly, the previous bond was worth 1b with a side investment by Efrim Black of 500m, thus it was worth 1.5b, this new bond is 3b. Buyback on the previous bond is likely to be 2 or 3 days before this bond starts.
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EVEHelpisSeriousBusiness
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Posted - 2009.05.17 01:52:00 -
[5]
Then good on you, my ears perk up when I see a second round of funding happening before the first is repaid.
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James Tundra
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Posted - 2009.05.17 02:27:00 -
[6]
No money is to be collected until the bond start date, and all money on previous bonds will be repaid 1-3 days before this one begins
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Estel Arador
Minmatar
Estel Arador Corp Services
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Posted - 2009.05.17 07:49:00 -
[7]
Edited by: Estel Arador on 17/05/2009 07:52:16
You really should repay the other bond before starting another one. Either wait till the other one is done or use funds from the new bond to repay the old one (and include that you'll be doing that in your business plan).
(Edit to avoid confusion: I'm mentioning this because of the operative word in the reply on this above: "likely")
Also you may be falling in the same hole other new fund managers fell into: expanding too quickly and either burning out or not being able to get as much return on the increased capital. Then there's the possibility that you're expanding so quickly so you can run away with the cash. One dividend payment does not make you a trusted trader...
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Ji Sama
Caldari
Tash-Murkon Prime Industries
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Posted - 2009.05.17 10:57:00 -
[8]
you should listen to estel...
expanding while having unpaid bonds out there is a bad idea...
you should get an auditor to confirm what you are saying. i recomend brock nelson. i will cover any fees associated, and i ask of the rest of the investors that they step in and do their part in getting the fees paid.
that being said.... you can roll over my existant bond into the new one... gl with it!
 Quote:
The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
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James Tundra
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Posted - 2009.05.17 19:33:00 -
[9]
My mistake, I accidently recorded Ji for 4 bonds instead of 2, 500m worth of bonds is still available.
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Saehta
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Posted - 2009.05.17 19:52:00 -
[10]
I like you
500m isk sent, we shall see how you do
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James Tundra
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Posted - 2009.05.17 20:40:00 -
[11]
Originally by: Saehta
I like you
500m isk sent, we shall see how you do
Isk has been returned, all isk should be sent next monday, an EVEMail will be sent to all those with reservations.
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Lecherito
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Posted - 2009.05.17 23:59:00 -
[12]
Christ, can you mates bother to *read* someone's post before criticizing him? Given the impressive analytical power displayed in the few posts above, it is quite obvious that we're in the company of some of the weaker members of the MD community. A mere glance at Tundra's post would provide you with all the information necessary to understand how simply ****like your comments are. He's in the processes of finishing his first bond. This post is for his second bond, which is to commence only after the working capital from the first bond has been repaid in full. He is jumping from 1.5 billion to 3 billion, which is *not* an impossible increase. Considering you are not apart of this investment, and given your attitude, clearly never will be, I think ArmouredC wanted to chat you up about something? Cheers.
-L
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Azerath
Brotherhood of Suicidal Priests
KIA Alliance
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Posted - 2009.05.18 00:07:00 -
[13]
Reserving 250mil as a previous investor.
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Estel Arador
Minmatar
Estel Arador Corp Services
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Posted - 2009.05.18 00:15:00 -
[14]
Originally by: Lecherito
Christ, can you mates bother to *read* someone's post before criticizing him? Given the impressive analytical power displayed in the few posts above, it is quite obvious that we're in the company of some of the weaker members of the MD community. A mere glance at Tundra's post would provide you with all the information necessary to understand how simply ****like your comments are. He's in the processes of finishing his first bond. This post is for his second bond, which is to commence only after the working capital from the first bond has been repaid in full. He is jumping from 1.5 billion to 3 billion, which is *not* an impossible increase. Considering you are not apart of this investment, and given your attitude, clearly never will be, I think ArmouredC wanted to chat you up about something? Cheers.
-L
Psst Lecherito, I'll let you in to a little secret of these forums but you have to promise not to tell anyone else! These forums have a very secret feature which allows people to edit their posts!! That means that what you read now might not be what someone else read!!! However, you can thank the Christ you referred to that Chribba set up a service which preserves posts as they were in times long past!
Seriously though, I think it's great that James takes the criticism to heart and is more explicit about his other bond in his post now. Still it would've probably been better to actually finish the first one before taking reservations for the second one.
FREE! jumpclone service - over 200 locations! |
James Tundra
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Posted - 2009.05.18 01:29:00 -
[15]
Edited by: James Tundra on 18/05/2009 01:31:40
However, Lecherito has a pretty valid point. I was taking reservations for a reason, I've already sent people their ISK back who've sent me it early. I am having an Audit performed provided the auditor is on any time soon, I would like to think that an auditor would catch if I didnt have any money to pay back previous investors, and put a stop to this whole process in an instant.
I really see no reason why staying inactive for a week would increase my reputation by magnitudes. Being unprofitable for a week, or even a couple days just seems counter-intuitive to me.
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YouGotRipped
Ewigkeit
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Posted - 2009.05.19 18:11:00 -
[16]
Who's holding the API key for James Tundra?
Black Sun Empire |
James Tundra
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Posted - 2009.05.19 20:15:00 -
[17]
I'm in the process of acquiring an audit, it should be completed soon by either Caleb or Brock.
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Caleb Ayrania
Gallente
TarNec
Sex Drugs And Rock'N'Roll
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Posted - 2009.05.19 20:36:00 -
[18]
Confirming I will be willing to do James' audit.
Although only if and when all relevant investors and potential investors have accepted this.
Reasons for this is James Tundra recently joined TMP, in which SCS is already holding stocks. So to make sure there is no bias issues I would prefer either full acceptance from the investors, or another auditor.
- Money is Love -
Sometimes it just gets bend the wrong ways.
Feed your Brain:
Innovation Thread |
James Tundra
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Posted - 2009.05.19 20:36:00 -
[19]
Edited by: James Tundra on 19/05/2009 20:37:03
All investors respond to this reply indicating stance on proposal.
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Ji Sama
Caldari
Tash-Murkon Prime Industries
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Posted - 2009.05.19 20:40:00 -
[20]
Confirming that SCS is biased in this bond.
Also confirming that James recently joined TMP Industries.
Lastly confirming that TMP Industries have invested 500M in his previous bond, and in his new bond.
Quote:
The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
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Azerath
Brotherhood of Suicidal Priests
KIA Alliance
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Posted - 2009.05.19 21:09:00 -
[21]
I'm fine with it. Biggest thing for me is to see that the first bond was successful in completion; meaning it pays out in full, THEN a new bond may begin based on the previous bonds success.
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Ji Sama
Caldari
Tash-Murkon Prime Industries
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Posted - 2009.05.19 21:13:00 -
[22]
Originally by: Azerath
I'm fine with it. Biggest thing for me is to see that the first bond was successful in completion; meaning it pays out in full, THEN a new bond may begin based on the previous bonds success.
Its also quite important to verify his trading history.... So we can see that he actually generates the profit he said he did....
Quote:
The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
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Kazzac Elentria
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Posted - 2009.05.19 22:59:00 -
[23]
Payout the first, close it down, let one of us look over your record immediately there after, and then you can open a new and larger one.
It pretty much should be the only way a pure trade IPO gets off the ground. There is no rush, since it matters not if the isk is in escrow today or next week. |
James Tundra
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Posted - 2009.05.19 23:30:00 -
[24]
I will repeat what has already been said many times in this post, and in the following replies.
1. An audit is being performed, it should be started and completed tomorrow.
2. I have edited the original bond post, and stated many times here, the 25th of May is memorial day, and I will be buying back the bond 2 days earlier than previously implied. This is the two day grace period where the auditor will still have my API key, and can continue to look through my records if needed.
3. Isk collection for the second bond will begin on the Monday following, 2 days after the ending of the previous Bond.
This is done for two reasons.
One, I consider my money valuable to me, and I'm not going to waste a week in EVE to appease some investors who are not investing in the bond.
Two, this allows all investors to receive all of their investment back before the new bond starts, this is a very good way of showing that the money was not stolen.
None of your recommendations will be taken into consideration unless the investors want it to. If I have to wait a week for a new bond, that costs me roughly 100 million ISK out of my wallet, that doesn't need to disappear in the first place.
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Estel Arador
Minmatar
Estel Arador Corp Services
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Posted - 2009.05.20 00:09:00 -
[25]
Originally by: Ji Sama
Also confirming that James recently joined TMP Industries.
What does that mean?
Will TMP Industries insure against any risks for investors?
Will TMP Industries assist James in his trading?
Will James be doing things for TMP Industries next to his bond-related activities?
Will that affect his profit-making potential?
This really brings up more questions than it answers.
FREE! jumpclone service - over 200 locations! |
Zero Uptick
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Posted - 2009.05.20 00:30:00 -
[26]
Originally by: James Tundra
I need your money fast to start making money with it
Whats the big rush buddy? Something fishy with this one.
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YouGotRipped
Ewigkeit
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Posted - 2009.05.20 00:31:00 -
[27]
Edited by: YouGotRipped on 20/05/2009 00:34:03
This James Tundra character is someone that we all know and love and he's trading for a limited time (fresh char, small volume) in an attempt to render the audit useless.
You have been warned.
Black Sun Empire |
James Tundra
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Posted - 2009.05.20 00:37:00 -
[28]
Edited by: James Tundra on 20/05/2009 00:38:37
Its the Tundra Investment Fund for a reason. It is unrelated to TMP and will not in the near future have anything todo with TMP
> Will TMP Industries insure against any risks for investors?
No
> Will TMP Industries assist James in his trading?
No
> Will James be doing things for TMP Industries next to his bond-related activities?
Likely
> Will that affect his profit-making potential?
No, a small percentage of my time online is spent on trading activities.
This thread is closed for a reason, it is in place for investors to ask questions and get answers. Not for people on the outside of the bond to harass or get giggles by interfering with it.
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Krathos Morpheus
Gallente
Legion Infernal
Wildly Inappropriate.
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Posted - 2009.05.20 00:54:00 -
[29]
Edited by: Krathos Morpheus on 20/05/2009 00:56:29
Originally by: James Tundra
This thread is closed for a reason, it is in place for investors to ask questions and get answers. Not for people on the outside of the bond to harass or get giggles by interfering with it.
I'm sure investors would apreciate ppl pointing out posible problems even if they don't invest. The policy of agree with me or shut up is very bad for the business, the same goes to pay to talk here.
Also, since this is on the forums, you have no control over people talking, as you can verify by the fact that I'm writing after you claim the thread is closed.
EVE Knowledge
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Feryal Sky
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Posted - 2009.05.20 00:55:00 -
[30]
This sounds like a scam to me.
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