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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.18 08:08:00 -
[1]
Oursulaert Industries Bond
About Us
Oursulaert Industries has been founded by myself Synex, a long term player of Eve. I have been playing Eve since beta, and have always been an industrialist and entrepreneur. I have never pirated or been involved with Corp theft. I have always been a member of upstanding corps, including BIG whom i sure will vouch for me if they remember me from years ago!
I was lucky to receive a ship BPO in the Tech 2 lottery that i will be providing as collateral for this deal. I took a break between 2007-2008, in which i passed on all of my ISK and items to a friend. However, when i returned he returned the T2 BPO to me which i have used over the past year to return a 26B isk profit.
This BPO makes a profit of no less than 2B / month.
Structure
An alt corp will be created with a trusted third party as CEO. One of my industry alts will provide production capabilities. There will be no other members of this alt corp. Both of the BPOs will be locked down by the third party. The industry alt account will be prepaid for the year in which it will take to complete this bond.
Transport and sales of the products will be done through a network of dedicated trade alts, designed to remove risks from pirates and war decs, and to minimise costs from sales tax / broker fees.
If a BPO cannot be purchased within 10 weeks of the final investment, all investment will be returned with a 10% profit as a sign of goodfaith.
Finances
The project is structured in the following manner:
20B investment from Synex + Tech 2 BPO
30B investment from investors.
50B used to purchase a second Tech 2 BPO with AT LEAST 1B profit per month.
The two BPOs will provide a minimum profit of 3B / month which will be used to repay the principal over 10 months. An additional 2 months will be paid giving a guaranteed 20% profit on your investment.
3B payout * 12 months = 36B paid out guaranteed.
In addition 50% of any additional profit over and above 3B / month will be paid to investors.
Therefore if the BPOs generate 4B profit in a month, 3.5B will be paid out to investors. Over a 12 month period this would return 42B (a 40% profit for investors).
Monthly Finance reports, and dividends will be dealt with on the 1st of each month.
Investments
Minimum Investment = 500M (in increments of 500M) to keep the number of investors low. If there are a shortage of investors i will consider dropping this to 100M.
60 Shares will be created in the alt corp (more in ratio if lower investment amount) through which the dividends will be paid.
Conclusion
As this is my first bond i'm more than open to suggestions or questions. I'm looking at running this for the remainder of the life of EVE (long live Eve!) and future bonds will offer better returns, over a shorter periods, with preferential rates to previous investors, so please view this both as an opportunity to make some ISK, but also as a long term investment in a player who is looking towards the future.
Synex
Oursulaert Industries
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Dismantler
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Posted - 2009.09.18 08:32:00 -
[2]
I might invest some ISK, but find a trustworthy 3rd party first. |
Kitchie
Gallente
Vikramaditya
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Posted - 2009.09.18 09:21:00 -
[3]
Edited by: Kitchie on 18/09/2009 09:24:04
Although this issue has been structured and documented well, your example of returns only represents a monthly rate of 3.33% (40% over one year). Your worst case scenario, 20%, would only return 1.66% a month.
Those returns are somewhere between abysmal and miserable though better than the banks' interest rates and unlike the banks, investors should get their money back.
Two questions:
- What do you think is the maximum possible return if everything went well
- Do you have the second BPO lined up or are you just hunting for it. If the latter, how badly would an inability to find the right BPO affect the returns?
edit: 2.5 month time limit on finding second BPO. What would be paid monthly before the you either getting the BPO or reaching the time limit.
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.18 10:04:00 -
[4]
I agree that the returns aren't wonderful, but in it's defense it will be a 0% risk investment, and I'm hoping that the future prospects will encourage people to invest.
Synex
Oursulaert Industries
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Linia
Gallente
Zaratha Zarati
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Posted - 2009.09.18 11:08:00 -
[5]
 Originally by: Synex
I agree that the returns aren't wonderful, but in it's defense it will be a 0% risk investment
how is it a 0% risk investment? Will the BPOs be locked down by 3rd party?
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DrefsabZN
Caldari
Butterfly Effect Corp.
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Posted - 2009.09.18 11:15:00 -
[6]
Its a well presented offer, and I was tempted to say maybe dip in for the tune of 10 bil but then I worked out my return on the monthly basis (which is what I like to work off). Its just not exciting enough for me personally, so I will have to wish you the best of luck and say im out.
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.18 12:05:00 -
[7]
Originally by: Linia
Originally by: Synex
I agree that the returns aren't wonderful, but in it's defense it will be a 0% risk investment
how is it a 0% risk investment? Will the BPOs be locked down by 3rd party?
Yes, BPOs will be locked down by a third party.
Synex
Oursulaert Industries
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Kazuo Ishiguro
House of Marbles
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Posted - 2009.09.18 12:52:00 -
[8]
If required, I would be happy to provide my services as a third party. You'd be sharing the corp with a few other ventures, but you'd have a hangar & wallet division all to yourself.
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34.4:1 mineral compression
ISRC Racing, Season 7 - schedule |
Dethmourne Silvermane
Gallente
Ceptacemia
Systematic-Chaos
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Posted - 2009.09.18 13:00:00 -
[9]
Your bond seems interesting, but this is far from zero risk. What if the trusted third party decides to abscond with the BPO? I'm not suggesting I don't trust Kazuo or any of the other third parties, but there is no such thing as a zero-risk game here in EVE. Even reliable bonds that are as zero risk as you can really get in EVE give approx 4%/month - you should, as a new party, be providing at least 6-7% imho. I wish you luck with your bond, but I can't see where it's beneficial for someone to invest for the minimal return, particularly over such a long return time.
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Taram Caldar
GK inc.
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Posted - 2009.09.18 13:02:00 -
[10]
Edited by: Taram Caldar on 18/09/2009 13:04:20
Not really juicy enough for me, but good luck on your IPO. The monthlyl return is what makes it not very interesting. At best it's still lower than many other IPO's people have run. And it's not 0 risk, no matter how careful you are.
Want a sig made? Contact me in game. Click my sig to see samples |
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Bad Bobby
Ugly Toys
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Posted - 2009.09.18 13:05:00 -
[11]
Originally by: Kazuo Ishiguro
If required, I would be happy to provide my services as a third party. You'd be sharing the corp with a few other ventures, but you'd have a hangar & wallet division all to yourself.
Kazuo is an excellent choice for your third party.
I'm also happy to provide these services if needed, but as with Kazuo you would be sharing the corp with other ventures with you having a hangar & wallet division all to yourself and access to a fully equipped research POS.
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.18 13:28:00 -
[12]
It possible i'm being dense here, but many of the other bonds and IPOs i've seen on the forums tie up your money for the time of the whole bond, where as with this arrangement you'll get your money back over time allowing you to reinvest it.
Therefore, if you have invested 1B, you'll be receiving around 116M back each month.
Within 5 months, you'll have received 580M of your original investment that you'll be able to reinvest into something else.
Synex
Oursulaert Industries
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Magnu Stormhawk
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Posted - 2009.09.18 13:59:00 -
[13]
Originally by: Synex
It possible i'm being dense here, but many of the other bonds and IPOs i've seen on the forums tie up your money for the time of the whole bond, where as with this arrangement you'll get your money back over time allowing you to reinvest it.
Therefore, if you have invested 1B, you'll be receiving around 116M back each month.
Within 5 months, you'll have received 580M of your original investment that you'll be able to reinvest into something else.
No, you're not being dense. Your comment is correct, it is not as simple as 20% divided by 12 months. Most other bonds are fixed repayment at the end of the bond so its not directly comparable. I'm sure there is a way of calculating the actual ROI for this to compare it but i dont know what it is off the top of my head.
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Kitchie
Gallente
Vikramaditya
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Posted - 2009.09.19 04:23:00 -
[14]
Originally by: Synex
It possible i'm being dense here, but many of the other bonds and IPOs i've seen on the forums tie up your money for the time of the whole bond, where as with this arrangement you'll get your money back over time allowing you to reinvest it.
Therefore, if you have invested 1B, you'll be receiving around 116M back each month.
Within 5 months, you'll have received 580M of your original investment that you'll be able to reinvest into something else.
That changes things quite a bit. Your post doesn't make it clear that the principal is also being returned on a monthly basis.
Without doing the actual maths, logic tells me that this repayment method effectively doubles the returns and thus looks much more attractive.
I'll reserve 1 Billion (two bonds) subject to confirmation of a reliable 3rd party lock down and also confirmation of my new understanding that, from a 1 billion initial investment, 500 Million of the principal will have been returned by the 5th month.
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Hel O'Ween
Men On A Mission
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Posted - 2009.09.19 10:00:00 -
[15]
Given your announcement of that 3rd party and its confirmation of the T2 BPO lockdown, I'd like to reserve 2 shares (1 billion ISK)
--
EVEWalletAware - an offline wallet manager |
Barbicane
TGUN Industries
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Posted - 2009.09.19 12:21:00 -
[16]
@OP: Did you consider borrowing your capital from BMBE? That's what I would do in your position. Of course that won't buy you any credibility with the market community, if that's what you're after, but it will save you a lot of work keeping investors happy.
(Disclaimer: I haven't owned any BMBE shares for years)
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DrefsabZN
Caldari
Butterfly Effect Corp.
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Posted - 2009.09.19 12:28:00 -
[17]
Originally by: Synex
It possible i'm being dense here, but many of the other bonds and IPOs i've seen on the forums tie up your money for the time of the whole bond, where as with this arrangement you'll get your money back over time allowing you to reinvest it.
Therefore, if you have invested 1B, you'll be receiving around 116M back each month.
Within 5 months, you'll have received 580M of your original investment that you'll be able to reinvest into something else.
This also was not quite clear to me im afraid when I read the original post, pending confirmation by the 3rd party that things are secured nicely I will be willing to reserve in for the 10 bil I originally was thinking of. Though I will ask when you plan to start the bond so I can make sure I keep enough liquid isk spare.
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.19 13:57:00 -
[18]
Originally by: DrefsabZN
Edited by: DrefsabZN on 19/09/2009 12:47:02
Edited by: DrefsabZN on 19/09/2009 12:44:19
Originally by: Synex
It possible i'm being dense here, but many of the other bonds and IPOs i've seen on the forums tie up your money for the time of the whole bond, where as with this arrangement you'll get your money back over time allowing you to reinvest it.
Therefore, if you have invested 1B, you'll be receiving around 116M back each month.
Within 5 months, you'll have received 580M of your original investment that you'll be able to reinvest into something else.
This also was not quite clear to me im afraid when I read the original post. Though I will ask when you plan to start the bond so I can make sure I keep enough liquid isk spare.
Given that I would be like to reserve in for the 10 bil I originally was thinking of. Pending of course the 3rd party confirmation and that I do indeed have my figures right in that you will be paying the following:
guaranteed
50mil isk per share every month on the 1st for 12 months?
and that investing in this bond entitles us to first refusal in future bond's you may offer.
That is correct. I'm glad this makes it a more attractive offer, i've tried to make it as fair to investors as possible!
Synex
Oursulaert Industries
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.19 14:04:00 -
[19]
Edited by: Synex on 19/09/2009 14:04:21
Current reservations (pending 3RD Party confirmation)
Kitchie - 1B
Hel O'Ween - 2B
DrefsabZN - 10B
Equity Left:
17B
Synex
Oursulaert Industries
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Hel O'Ween
Men On A Mission
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Posted - 2009.09.20 00:47:00 -
[20]
Originally by: Synex
Current reservations (pending 3RD Party confirmation)
Hel O'Ween - 2B
Either I misunderstood the 500 million part in your offering or you misread my reservation. I was after 2 shares/bonds x 500 mio = 1 billion. 
--
EVEWalletAware - an offline wallet manager |
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Mikael Genexi
Gallente
Product Number 3
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Posted - 2009.09.20 03:47:00 -
[21]
I am in for 1 Billion assuming you get an approved 3rd party.
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Space Defiler
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Posted - 2009.09.20 03:57:00 -
[22]
1bil also, pending third Party confirmation
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Bloedrivier
22nd Black Rise Defensive Unit
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Posted - 2009.09.20 06:49:00 -
[23]
500m , pending 3rd party confirmation. |
Erialor Godsent
Gallente
Federal Navy Support Divison
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Posted - 2009.09.20 07:31:00 -
[24]
Sign me up for 1bill, too.
--
Get Your Crumplecorn signature here. |
Abernie
Intolerable Tyranny
Unity Thru Aggression.
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Posted - 2009.09.20 09:29:00 -
[25]
Interested and prepared to invest 500M ISK |
Sandrane Kipler
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Posted - 2009.09.20 09:46:00 -
[26]
Reserving 500m
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.20 10:24:00 -
[27]
Originally by: Hel O'Ween
Originally by: Synex
Current reservations (pending 3RD Party confirmation)
Hel O'Ween - 2B
Either I misunderstood the 500 million part in your offering or you misread my reservation. I was after 2 shares/bonds x 500 mio = 1 billion.
My mistake, I've updated the list.
Synex
Oursulaert Industries
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kiall Toz
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Posted - 2009.09.20 11:14:00 -
[28]
I'm in for 500mil pending 3rd party confirmation
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E6o5
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Posted - 2009.09.20 11:18:00 -
[29]
What happens, if the BPOs generate less than 3b profit a month?
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Synex
Gallente
Shadows Of The Federation
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Posted - 2009.09.20 11:44:00 -
[30]
Originally by: E6o5
What happens, if the BPOs generate less than 3b profit a month?
If it all hits the fan, I will instruct the 3rd party to initiate an auction of the BPOs and the remained of the investment will be paid off in one hit.
I view this as very unlikely however, as Tech 2 profits have pretty much stabilised since the advent of Invention. 3B is the MINIMUM profit that can be made from the Blueprints. (IE the difference between owning a BPO and the construction costs of an invented BPC).
Thanks for all the interest!
Synex
Oursulaert Industries
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