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Deus Mallius
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Posted - 2009.12.08 09:13:00 -
[1]
Hi all, long time reader, first time poster.
Plan: I'm a hi-sec trader and I'm looking to expand my interests, as such I need some additional capital. I currently trade with around 2 billion in liquid assests and make a steady profit.
Ideally it would be a single investor, simply because it is easier to manage, since this is my first appearance on MD, but will happily submit to no more than 5 investors.
As for trust, I'm not sure how much it would cost to get some of the big wigs from MD to audit me, but I will submit to an audit to a potential investor to show that I have been trading and that my liquid capital in in excess of 2 billion ISK.
Bond length will last 1 month and longer if both myself and the investor wish to do so. Interest will be paid on the anniversary of the bond each month.
I welcome comments and critisism to improve this plan I have offered. If you think I should only continue to read, then please tell me gently :
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Ronaldo Carrare
RR Financial Services
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Posted - 2009.12.08 09:14:00 -
[2]
4% is a bit low for your first bond.
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Barton Foley
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Posted - 2009.12.08 09:15:00 -
[3]
First post ever is asking for isk.
I like where this is going already.
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Cista2
Jita Direct Sale
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Posted - 2009.12.08 09:19:00 -
[4]
Yes, 4 % is quite low.
When you say you have 2 bn in "liquid" assets I immediately think of cash. If you had 2 bn in cash you probably wouldn't ask for a 1 b loan though, so I am assuming you have 2 bn in NAV (?) and keep your cash to a minimum?
An audit is a very good idea in your case. An audit from an established auditor costs 50-100 mil, and they are wound up atm. You can get a free audit from a non-established auditor here.
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Buy / sell Jidsale shares here |
Vasta Magna
Yarex Shipyards
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Posted - 2009.12.08 09:30:00 -
[5]
4% is awfully optimistic.
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Deus Mallius
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Posted - 2009.12.08 09:41:00 -
[6]
Edited by: Deus Mallius on 08/12/2009 09:42:29
Thanks for the comments guys, I'll clear it up a bit.
The 2 Billion is the amount I have available for trading, my NAV is closer to 2.9. This is mostly tied up in speculations.
Ok, 4% is too low, what about 6%?
edit - Spelling
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Magnu Stormhawk
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Posted - 2009.12.08 10:15:00 -
[7]
 Originally by: Deus Mallius
Edited by: Deus Mallius on 08/12/2009 09:42:29
The 2 Billion is the amount I have available for trading, my NAV is closer to 2.9. This is mostly tied up in speculations.
Smells like collateral...
If you've got 900m of marketable goods that you are holding onto, therein may lie your answer. 90% collateral and 6% interest will probably get you an investor.
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Skarii TuThess
Lansez Innovations
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Posted - 2009.12.08 10:23:00 -
[8]
I agree with Magnu. To summarise:
1/ Get an audit
2/ Confirm your bond at 6%
3/ Clarify the rules around how/when the bond will work if lasting longer than 1 month
4/ Look how much of your non-trading assets can be held by a trusted 3rd party as collateral.
If you get all of this done, and your collateral was over 75% then I'd reserve 250m.
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Varo Jan
Caravanserai Consulting
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Posted - 2009.12.08 10:30:00 -
[9]
Quote:
An audit is a very good idea in your case. An audit from an established auditor costs 50-100 mil, and they are wound up atm. You can get a free audit from a non-established auditor here.
I¦m available to do a free audit. Please contact me in-game if you¦re interested.
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Deus Mallius
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Posted - 2009.12.08 11:25:00 -
[10]
Ok, updated the OP with the new info.
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Leana Darkrider
Minmatar
Creatio -ex- nihilo
The Donkey Rollers
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Posted - 2009.12.08 11:37:00 -
[11]
I would like to suggest to get multiple investors.
These investors will invest a smaller amount of money and therefor it would be easier for you to fill the bond.
If you can get an audit arranged, and the audit is succesfull, I might be interested in investing.
______________________________________
If only EVE could cook, if only.... |
Magnu Stormhawk
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Posted - 2009.12.08 12:06:00 -
[12]
I think you will struggle to get any of those named to do an audit. Of those only VV is actively auditing afaik and I am not sure if he available at the moment.
On a bond of this size you should probably take the offer of a free audit, and if you cant collateralize the loan by any more than 50%, use the money you save on the audit to increase your interest rate to balance the risk and reward.
I personally wouldnt come in without a 8-10% return on something like this. The suggestion of allowing more investors is also wise.
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Deus Mallius
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Posted - 2009.12.08 12:25:00 -
[13]
Ok, I'll get Varro Jan to do the Audit.
Up the number of investors to a max of 10, and have 50% collateral to be held by each of the investors, proportional to their investment.
And I'll up the interest to 7%.
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Cista2
Jita Direct Sale
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Posted - 2009.12.08 12:41:00 -
[14]
If you can get one more free 001 auditor to look at you, wou will do everyone a favor. Your investors will have double verification, and we will get more experienced auditors.
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Buy / sell Jidsale shares here |
Hallo170
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Posted - 2009.12.08 14:35:00 -
[15]
I agree with Cista. If you can get two successful audits I will happily invest 400mil, if that 7% interest is definate.
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Julius Rigel
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Posted - 2009.12.08 15:53:00 -
[16]
This sounds interesting. Pending the write-up of the audits and a more organized overview of the whole thing, I'll reserve 50mil if that's alright. 
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Breaker77
Gallente
Reclamation Industries
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Posted - 2009.12.08 16:01:00 -
[17]
Originally by: Deus Mallius
Ok, I'll get Varro Jan to do the Audit.
Up the number of investors to a max of 10, and have 50% collateral to be held by each of the investors, proportional to their investment.
And I'll up the interest to 7%.
Mail sent ingame regarding your 2nd auditor if still needed. Also if you don't want the hassle of securing collateral with each of your investors, I am available for that as well if no one else has a problem with it.
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Skarii TuThess
Lansez Innovations
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Posted - 2009.12.08 17:31:00 -
[18]
Originally by: Skarii TuThess
I agree with Magnu. To summarise:
1/ Get an audit
2/ Confirm your bond at 6%
3/ Clarify the rules around how/when the bond will work if lasting longer than 1 month
4/ Look how much of your non-trading assets can be held by a trusted 3rd party as collateral.
If you get all of this done, and your collateral was over 75% then I'd reserve 250m.
Confirming my reservation of 250m based on the 2 audits (happy for collateral to be 50% not 75%).
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Taram Caldar
Noir.
Noir. Mercenary Group
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Posted - 2009.12.08 18:15:00 -
[19]
Edited by: Taram Caldar on 08/12/2009 18:18:45
Pending Audit results I'd be willing to invest the remaining 300million isk @ 50% collateral.
Want a sig made? Contact me in game. Click my sig to see samples |
Varo Jan
Caravanserai Consulting
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Posted - 2009.12.08 22:11:00 -
[20]
Assignment accepted, EVE mail sent.
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Deus Mallius
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Posted - 2009.12.09 10:25:00 -
[21]
Current (pending) investors:
Hallo170: 400m
Skarii Tuthess: 250m
Julius Rigel: 50m
Taram Caldar: 300m
Varo has contacted me, and once he posts his audit I will transfer the collateral to him, which consists of various minerals and possibly a ship, depending on filling orders for the collateral.
A 2nd auditor will also post his results. Once this is done the bond will be be open. The anniversary of the bond will commence on the day the investment is sent.
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Teavan
First CityWide Change Bank
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Posted - 2009.12.09 14:26:00 -
[22]
You should update the title of this thread, it will attract more attention.
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Breaker77
Gallente
Reclamation Industries
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Posted - 2009.12.09 16:01:00 -
[23]
Originally by: Deus Mallius
A 2nd auditor will also post his results.
Confirming I've received his API key and will be doing the second audit. It will be about 7 hrs or so until I can get around to doing it as I have to get back to work and EveHQ was being a major pain in the ass by crashing every 3 seconds.
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Breaker77
Gallente
Reclamation Industries
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Posted - 2009.12.10 01:08:00 -
[24]
OK, here we go with my report. Please go easy on me as it is my first one.
Deus has been actively trading for over a month and is making a profit on his current buy/sell orders. He appears to have a decent understanding of trade in EVE.
Skills: Deus has decent trade skills required to place remote buy/sell orders with 40 order slots*.
Assets: Deus has (at the time of API pull) approx 500 million ISK in minerals like he stated that he is using for collateral. Other assets consist of items he currently has buy orders for and a few T1 ships.
His current ISK balance (at time of API pull) was approx 1.6 billion ISK.
Characters: Deus has a very limited posting history (5 posts all in MD according to Eve Search). He also has 1 alt on the same account that has the basic starting skillpoints and no post history (according to Eve Search).
Concerns: Young character and little/no posting history.
Summary: Deus has the skills to trade successfully, 500 million in collateral, and is currently engaged in trading.
Disclaimer: This report in no way guarantees that it will end successfully. Remember that if you do decide to invest in this offering that only 500 million ISK of collateral would be held by another 3rd party, and, as with any offering, only invest what you can afford to lose.
Programs/methods used:
EVEMon
EVEMeep
EveTrader
Ingame contract search
Eve Search
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Deus Mallius
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Posted - 2009.12.10 03:30:00 -
[25]
I approve of the above.
It is a accurate depiction of my character. One side note: Assests include those in sell orders as well as buy orders + cash totals 3.05 billion.
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Breaker77
Gallente
Reclamation Industries
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Posted - 2009.12.10 03:43:00 -
[26]
Originally by: Deus Mallius
One side note: Assests include those in sell orders as well as buy orders + cash totals 3.05 billion.
I'm sorry I did forget to include sell orders in current assets.
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Leana Darkrider
Minmatar
Creatio -ex- nihilo
The Donkey Rollers
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Posted - 2009.12.10 11:40:00 -
[27]
I'll invest 200 mils.
Isk will be transfered around 19:00 EvE time
______________________________________
If only EVE could cook, if only.... |
Taram Caldar
Noir.
Noir. Mercenary Group
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Posted - 2009.12.10 13:40:00 -
[28]
Edited by: Taram Caldar on 10/12/2009 13:41:08
Originally by: Leana Darkrider
I'll invest 200 mils.
Isk will be transfered around 19:00 EvE time
Bond is already filled Leana ;) Don't transfer isk unless DM posts that someone decided not to pay in. Investors are just waiting for Verro's audit and confirmation of collateral transfer.
Want a sig made? Contact me in game. Click my sig to see samples |
Leana Darkrider
Minmatar
Creatio -ex- nihilo
The Donkey Rollers
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Posted - 2009.12.10 18:26:00 -
[29]
Originally by: Taram Caldar
Edited by: Taram Caldar on 10/12/2009 13:41:08
Originally by: Leana Darkrider
I'll invest 200 mils.
Isk will be transfered around 19:00 EvE time
Bond is already filled Leana ;) Don't transfer isk unless DM posts that someone decided not to pay in. Investors are just waiting for Verro's audit and confirmation of collateral transfer.
Thanx buddy.
didn't knew it was already filled
______________________________________
If only EVE could cook, if only.... |
Hallo170
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Posted - 2009.12.10 22:23:00 -
[30]
Deus, you have my utmost apologies. While hauling today my ship was destroyed, resulting in 380mil collateral not being returned. Unfortunately this means I cannot provide any ISK in this venture.
Hallo170
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Taram Caldar
Noir.
Noir. Mercenary Group
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Posted - 2009.12.11 00:44:00 -
[31]
Edited by: Taram Caldar on 11/12/2009 00:49:19
AFK hauling in T1 industrials is a bad thing.
If you're carrying 380mil in a hauler you're doing it wrong.
I'll take another 200mil stake to cover part of what Halo can't pay. I believe that leaves 200 still up for grabs... was tempted to take all of it but I figured I'd be nice to the smaller MD investors and give them a shot at getting in.
Brings my bid up to 500mil
Want a sig made? Contact me in game. Click my sig to see samples |
Kim Chubby
Noir.
Noir. Mercenary Group
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Posted - 2009.12.11 00:49:00 -
[32]
I'll put a 200 mil bid on
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Varo Jan
Caravanserai Consulting
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Posted - 2009.12.11 19:51:00 -
[33]
Audit Report on Deus Mallius
I was given full access to a single account consisting of two characters. Deus Mallius is the main and earliest character. According to Deus, there have been no significant absences from the game, this is the only active character, there are no other accounts, no characters have been biomassed, and no characters have been bought or sold.
The account is paid for in cash. Three GTCs were used to kick-start his trading career.
Characters
Deus Mallius
Male Caldari Deteis, created on 13/08/09
5.6m SP. 9 skills at Level 5. Medical clone sufficient, one jump clone installed, full set of +4 implants.
Principal areas of training:
1.Trading skills are sub-optimal. However, they are probably sufficient for current needs.
2.Deus can fly Retrievers and Badger Mark II Industrials. He has the minimum skills required to fly Drakes and Ravens.
Alt
This character has zero activity in all areas. There are no journal entries, no transactions, no contracts and no posting history.
Employment History
Deus has been a member of only one player corporation û Angelic Industries, which he joined on 13/08/09 and remains a member of.
Angelic Industries is a mission and mining corporation whose CEO and founder is Silvercloud. The corporation has 97 members and is a member of the Blue Sky Consortium. Red Frog Investments is also a member of that alliance.
I contacted Silvercloud and Locin WeEda, CEO of Red Frog to ask for confirmation on anti-scamming policies. Locin confirmed that such activities are not condoned in his corporation and was of the view that Silvercloud would have the same opinion. Silvercloud has not replied. Deus said that he ôhadn't knowingly scammed another player.ö
Posting History
Deus has only 5 posts, all in MD and all recent.
Activities
Deus spends between 4 and 5 hours a day in-game. His main activities are mission running and trading. He started trading some three months ago, and said that this has been his main profession for the last month. Trading is done mainly on personal market orders, with a few contracts from time to time.
He trades in one region, using a mix of station orders and range buy orders. He trades in a very small pool of high unit price items. Orders are generally updated five or so times a day.
Financial Information
Time and inherent API limitations meant that I was only able to access 1107 journal entries covering 36 days, and 319 wallet transactions covering 29 days. This is insufficient to draw any meaningful conclusions, particularly as Deus has only been trading for a short time.
His cash balance in the last 36 days increased from 1.2B to 1.8B. The main cash flows were:
Mission income 79m
Net contract income 11m
Net market income 448m
Player donations and trades 104m
Misc. costs (2)m
NAV
Assets are worth 906m based on EVE Central median sell prices, or 624m based on EVE Central median buy prices.
Sell orders amount to 109m, while buy orders in escrow total 657m.
High NAV: 3.5 billion
Low NAV: 3.2 billion
Conclusion
This is a high risk, first time offering from a young character and an even younger trader.
Given the alliance his corporation belongs to, the probability of outright scamming is low. However, failure due to limited trading experience remains a possibility and, should the worst occur, the collateral on offer is expected to cover only 50% of the bond principal.
Should the offering go ahead, I confirm that I am willing to hold any collateral, which will be sold and the proceeds distributed pro-rata amongst the investors, should there be a default.
Invest at your own risk.
Varo
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Leana Darkrider
Minmatar
Creatio -ex- nihilo
The Donkey Rollers
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Posted - 2009.12.11 19:56:00 -
[34]
VJ, very good job on your first audit mate.
keep them comming like this.
If any investors want to step out, after VJ's audit, I still would like to invest in this
______________________________________
If only EVE could cook, if only.... |
Annabelle Horiz
New Horizon Investments
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Posted - 2009.12.12 08:58:00 -
[35]
This is Skarii's investment alt that I will be using to make the investment with.
Firstly gj to the auditors - especially to Varo for your excellent audit.
I'm satisfied by what is said from your ability to earn income DM from your trading abilities, and am overall confident that you can provide a 7% return on this investment through market profits.
My only concern is that it seems that a fir amount of your income comes from cross-system trading. This will no doubt be hampered (possibly severely) if your corporation were to undergo a wardec - something which a large industrial corp is likely to undergo from griefers / ransom corps (etc).
What affect will a wardec have on your trading abilities?
[NHI] Investing in the sunny days of tomorrow. |
Skarii TuThess
Lansez Innovations
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Posted - 2009.12.12 08:59:00 -
[36]
Confirming annabelle as my investment alt.
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Deus Mallius
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Posted - 2009.12.12 10:48:00 -
[37]
Annabelle Horiz: War decs don't affect my trading, as I do not system trade....yet.
I just sit in a station and monitor all my orders. The only time I've actually moved a trade item was for a friend who wanted a ship cheap from within the region :P
I'm currently gathering my collateral in one station to be contracted to Varo as soon as possible. When this is confirmed the bond can begin.
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Sama's Minion
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Posted - 2009.12.12 11:48:00 -
[38]
Originally by: Leana Darkrider
VJ, very good job on your first audit mate.
keep them comming like this.
If any investors want to step out, after VJ's audit, I still would like to invest in this
Idd i second this GOOD JOB :D
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Taram Caldar
Noir.
Noir. Mercenary Group
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Posted - 2009.12.12 12:10:00 -
[39]
Edited by: Taram Caldar on 12/12/2009 12:12:41
Having seen both Audits I am confirming my 500mil reservation. Let me know when you will be securing collateral with Varo and collecting money on this.
Want a sig made? Contact me in game. Click my sig to see samples |
Julius Rigel
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Posted - 2009.12.12 13:13:00 -
[40]
Very nice audit, Mr Jan.
I am ready to invest my share as soon as the bond is ready.
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Skarii TuThess
Lansez Innovations
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Posted - 2009.12.12 13:48:00 -
[41]
Thanks for the clarification DM. Confirming my reservation of 250m (via Annabelle) :)
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Deus Mallius
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Posted - 2009.12.13 00:59:00 -
[42]
495 Million worth of minerals + 5 Million in cash has been contracted to Varo Jan.
Once he replies the bond will be open, and the day the investment is sent will mark the anniversary date for the first coupon.
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Varo Jan
Caravanserai Consulting
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Posted - 2009.12.13 02:53:00 -
[43]
Confirming receipt of 10m units of mexallon, 90m units of tritanium and 5m in cash from Deus. Total current market value amounts to around 500m ISK.
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Taram Caldar
Noir.
Noir. Mercenary Group
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Posted - 2009.12.13 07:06:00 -
[44]
500mil Isk sent.
Want a sig made? Contact me in game. Click my sig to see samples |
Deus Mallius
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Posted - 2009.12.13 12:22:00 -
[45]
Confirm receipt of 750 Million, and anniversary dates have deen set for those investors.
Still waiting on the last investor.
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Skarii TuThess
Lansez Innovations
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Posted - 2009.12.13 17:40:00 -
[46]
DM - 250m sent from Annabelle's corp (New Horizon Investments). If it's not a massive pain in the arse could you sent interest to the corp wallet. If it is then please just send to Annabelle.
Thanks!
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Kim Chubby
Noir.
Noir. Mercenary Group
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Posted - 2009.12.16 11:43:00 -
[47]
After reading the audit, which is awesome btw, I decided back on the 10th when I sent the isk to Deus (which was a mistake since I should have waited for the audit) I am going to stick with this investment as my first ever investment. I have confidence that Deus will provide what he said he would. I am just posting to make myself known as an investor.
I will say, I did learn something from this, and that's to wait for the audit before sending any isk amount. Deus was willing to send it back, though which was nice. I find investing to be interesting, good thing I have someone I can ask for help pretty readily.
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Taram Caldar
Blackwater USA Inc.
Gentlemen's Club
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Posted - 2010.02.14 13:22:00 -
[48]
Isk received on time for bond closeout. Congrats on a well run bond. If you ever do an offering again in future please let me know as I will be interested in reserving shares.
Market Alerts Mailing List
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Julius Rigel
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Posted - 2010.02.14 13:40:00 -
[49]
Interest and initial investment received, many thanks Mr. Mallius. 
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Varo Jan
Caravanserai Consulting
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Posted - 2010.02.20 15:53:00 -
[50]
As Kim Chubby had not confirmed receipt of principal, Deus gave me his API keys again. These player donations were made on 14 Feb 2010:
Kim Chubby - 214m
Julius Rigel - 53.5m
Taram Caldar - 535m
New Horizon Investments - 267.5m
Total: 1,070m
Having verified these repayments, I returned to Deus the following collateral placed in my safe-keeping:
10m units of mexallon, 90m units of tritanium and 5m in cash
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gonge
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Posted - 2010.02.20 20:18:00 -
[51]
I am very impressed in the way this bond has been so throughly run and i would also like to say that the audits that came with it were very well presented if you ever have a future bond please get in contact with me via eve mail i would be very interested.
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