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Thread Statistics | Show CCP posts - 1 post(s) |
Tiberizzle
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Posted - 2009.11.10 03:36:00 -
[1]
Edited by: Tiberizzle on 10/11/2009 03:44:01
You could look at a 30% account balance purchase as giving 7 to 3 odds that EBank will never pay it out, either due to their incapability or unwillingness. It is pretty obvious that both factors are significant in considering the risk: there is little history to EBank other than ineptitude and theft.
Being as the buy offers have decreased monotonically over the evolution of the scandal, I think it's safe to say that the risk is currently underestimated. Given the rapid rate of decline for the buy offers, I would go so far as to say that 30% account balance is much greater than the equilibrium price, and that the risk is grossly underestimated.
A major factor to keep in mind is that, assuming that they are not scammers, their own numbers indicate thus far a failure to profit over just the insultingly low interest payments. Could they fix the numerious ISK leaks? Perhaps. Could they find something incredibly profitable and low risk to do with a trillion ISK? Perhaps. Are they going to be able to achieve both objectives simultaneously? Perhaps, perhaps, but I think it's more likely they'll continue playing banker until they've eroded so much of the deposits that there isn't any point in liquidating.
With their history, trends in the account purchase bids, and assuming that continue to refuse liquidation, it seems to me that frozen EBank deposits are worth less than 1% of account value, 'cause it's a ****ing long shot baby 
Good luck, suckers.
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Tiberizzle
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Posted - 2009.11.10 18:09:00 -
[2]
 Quote:
I am now needed the isk to pay out my previous lottery!
I'm too lazy to read the previous pages, but can you clarify how the **** you are operating a lottery in such a manner that you need a loan to pay it out?
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Tiberizzle
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Posted - 2009.11.12 15:17:00 -
[3]
Upon further consideration, I've gone back to the conclusion that EBank is definitely going scam.
The overcollateralized loans are most likely an attempt to sucker more ISK out of an Eve community that is not dumb enough to deposit.
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Tiberizzle
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Posted - 2009.11.13 03:32:00 -
[4]
Originally by: Reilly Duvolle
Originally by: Tiberizzle
Upon further consideration, I've gone back to the conclusion that EBank is definitely going scam.
LOL welcome to the club. Althoug, EBANK isnt "going" scam now. EBANK has been a giant scam since day 1.
I was willing to give them the benefit of the doubt, you know the old adage "Never attribute to malice that which can be adequately explained by stupidity." However, upon some reflection it seems that mere stupidity is insufficient to adequately explain this stupidity.
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Tiberizzle
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Posted - 2009.11.13 16:41:00 -
[5]
Ray's manrack: your ISK at work!
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Tiberizzle
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Posted - 2009.11.16 00:05:00 -
[6]
Edited by: Tiberizzle on 16/11/2009 00:09:25
Originally by: www.eve-bank.net
Firefox can't find the server at www.eve-bank.net.
Originally by: www.eve-bank.com
Description: HTTP 404. The resource you are looking for (or one of its dependencies) could have been removed, had its name changed, or is temporarily unavailable. Please review the following URL and make sure that it is spelled correctly.
Requested Url: /About/Stats.aspx
I think that's been explained sufficiently now...
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Tiberizzle
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Posted - 2009.11.16 23:27:00 -
[7]
Dumb to deposit
Interest greater than profit
Balance is worthless
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Tiberizzle
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Posted - 2009.11.16 23:39:00 -
[8]
Edited by: Tiberizzle on 16/11/2009 23:43:46
Buried in sandbox
Little plastic shovel digs
Finds feline faeces
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