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OPTECH launches OPTUT2 (Optech Unit Trust 2)

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Professor Bunsen Optech Scientific	Posted - 2009.12.20 22:34:00 - [1] I've been out of reach of (alternate) reality for around a year now but the offer of a free Zephyr from Intaki Syndicate was too tempting. So Bunsen is back Any previous investors with Optech will know that I've launched some straightforward enterprises, and some complex ones, but this venture is a return to a previously successful formula of Optech Unit Trust (OPTUT). Thus will be the second such investment and so I've given it the rather snappy name of OPTUT2. This will again be a growth fund (i.e. all profits will be re-invested and there will not be dividends). Profit will come from trading and manufacturing. Ability and trust are as demostrated by previous ventures. Expected profits (as growth) are anticipated in the region of 11% month tailing off slightly as I hit saturation. I am now open to investments as per the prospectus and the unit price is 1 mil/unit in blocks of 10 until the fund starts trading officially on 30th Dec. Funds to "Optech Agent" please. OPTUT2 Prospectus FAQ About unit trusts Optech Scientific investments - background Optech Scientific was formed on 1st March 2007. The corporation's first public investment was the successful Optech Startup Fund (Eve-O thread here). Building on this initial success was OPTUT (Eve-O thread here) New Edens first public Unit Trust which returned 75% profits over 2 months (results thread). Optech Mineral Ventures (here and results) averaging 7.4%/ month return from mineral trading, and Eve Index, New Eden's first automated mineral futures exchange(here).
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.20 22:59:00 - [2] ...this actually seems legit. That's a breath of fresh air. Neat offer. Good luck.
Varo Jan Caravanserai Consulting	Posted - 2009.12.20 23:16:00 - [3] Quote: The valuation of the fund (NAV) will comprise :- * Cash in wallet * Trade goods at buy price * Cash held in market escrow * Fixed assets (e.g. freighter/pos) What about sell orders? Will the valuation be verified by an independent party at any time?
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.20 23:20:00 - [4] Originally by: Varo Jan Quote: The valuation of the fund (NAV) will comprise :- * Cash in wallet * Trade goods at buy price * Cash held in market escrow * Fixed assets (e.g. freighter/pos) What about sell orders? Pretty sure that means "all trade inventory valued at buy price."
cosmoray Bella Vista Holdings Corp	Posted - 2009.12.21 02:24:00 - [5] As a possible investor, I have a few questions: 1. What is the total size of the fund? The prospectus or this post doesn't mention it. Is there no cap to the fund? 2. You estimate that you will make a return on capital of about 40% per month. That is a huge number. You then take a management fee of 75% again which is very high. Most management fees I see on here are in the 25-50% range. If the fund grew to 20B do you still expect to make 8B per month profit? For a relative newer investor (people who have joined while you have been away), your proposal looks like a possible ponzi scheme. Chance of huge rewards (40% to 10%) per month, with no fund limit. If the returns of the initial investors are great more people buy in allowing you to cash out the sellers. While you have been away MD has become a minefield of SCAMS, which out number the good offerings by about 10 to 1. What can you do to satisfy the concerns of potential investors?
Dretzle Omega Caldari Caldari Navy Volunteer Task Force	Posted - 2009.12.21 02:56:00 - [6] Originally by: cosmoray 2. You estimate that you will make a return on capital of about 40% per month. That is a huge number. You then take a management fee of 75% again which is very high. Most management fees I see on here are in the 25-50% range. I'm not too concerned about the part of cosmo's post that I quoted. In the end, this means he expects to pay out about 10 or 11% each month, which seems fair compared to other investments here. I am interested in answers to the rest of cosmo's questions. Also, what do you plan on doing with the ISK, exactly? Just your own station trading? Investing it into other businesses? It looks like real-life unit trusts buy stock in other companies and holds it, receiving dividend payments that it forwards to investors, taking a fee for the management. Is this what you plan? Or is your plan just a lot of words and rules for we're buying into your trading activities? It seems unclear. If more like the real life term, why is it that investors can't invest in these other companies directly? Also, I'd be interested in hearing what you judge as good investments? If not like the real life term, then why the fancy terminology? Forgive me. I wasn't here the first time around.
Cista2 Jita Direct Sale	Posted - 2009.12.21 06:26:00 - [7] A couple of comments. Originally by: Professor Bunsen I had not appreciated just how much capital manufacture would bore me rigid. Sad I could almost hear my neurons screaming as they died. So, with the first OPTUT you got bored very quickly and closed down already after 2 months. What makes you think this will not happen again? Also, you must fix the size of the fund so you can actually deliver the growth you project. There is no way you can deliver the same percentage if you get 100 bn as if you had 10 bn. And I don't think you anticipate the size of funds you may get. There was another investment fund here on MD just a few weeks ago. Davramm resized the fund every other day according to his cash development, much to the confusion of all involved and not involved. However, one thing he did right was to not let the fund grow to a size that would harm the percentage growth. ---------------------------------------- Buy / sell Jidsale shares here
Professor Bunsen Optech Scientific	Posted - 2009.12.21 10:14:00 - [8] Originally by: SetrakDark Originally by: Varo Jan Quote: * Trade goods at buy price What about sell orders? Pretty sure that means "all trade inventory valued at buy price." Yes Originally by: cosmoray As a possible investor, I have a few questions: 1. What is the total size of the fund? 2. You estimate that you will make a return on capital of about 40% per month. That is a huge number. You then take a management fee of 75% again which is very high. Most management fees I see on here are in the 25-50% range. If the fund grew to 20B do you still expect to make 8B per month profit? 3. What can you do to satisfy the concerns of potential investors? 1. Open ended. I agree that % return will be less as overall fund grows, but it's not a bond offering. If growth % falls to unnacceptably low levels (say 1%) no doubt some will cash out, the fund size will shrink and the growth % will rise again. 2. Initially yes and I know I can because I've done so before. As I stated the % growth of the fund (i.e. investor payout part) will be around 11% tailing as the size of the fund grows. However units can be sold if the rate falls to a level the investor doesn't like. My fee of 75% of overall profits is (from experience) at a level where I don't feel resentment about the work involved, and where having the extra capital raises enough extra profit for me to make me want to carry the "freeloaders". 3. Track record and do your homework TBH Originally by: Dretzle Omega Also, what do you plan on doing with the ISK, exactly? Trading and manufacturing as per OP. It's a trading fund wrapped in a nice methodology to buy and sell "shares" (units) Originally by: Cista2 So, with the first OPTUT you got bored very quickly and closed down already after 2 months. What makes you think this will not happen again? I won't be manufacturing cap ships. If I get bored I will pay out my investors and do something else as I've done previously. Originally by: Cista2 Also, you must fix the size of the fund so you can actually deliver the growth you project. There is no way you can deliver the same percentage if you get 100 bn as if you had 10 bn. And I don't think you anticipate the size of funds you may get. Respectfully, no. See reply to Cosmoray
Cista2 Jita Direct Sale	Posted - 2009.12.21 10:43:00 - [9] Will the size of the fund be publicised, during this building phase until Dec 30? ---------------------------------------- Buy / sell Jidsale shares here
Professor Bunsen Optech Scientific	Posted - 2009.12.21 13:22:00 - [10] Originally by: Cista2 Will the size of the fund be publicised, during this building phase until Dec 30? Good point. Updated OP with link to sales register.
Professor Bunsen Optech Scientific	Posted - 2009.12.23 15:45:00 - [11] 1.1 bil invested so far. Trading start date for the fund 28th Dec, after which units will be sold at NAV*1.075 i.e. get in at the bottom! Bunsen
Varo Jan Caravanserai Consulting	Posted - 2009.12.23 15:53:00 - [12] You missed this: Quote: Will the valuation be verified by an independent party at any time?
Cista2 Jita Direct Sale	Posted - 2009.12.23 16:17:00 - [13] I get a message that I do not have access rights to your document. I haven't used Google docs before though, so might be my settings. ---------------------------------------- Buy / sell Jidsale shares here
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.23 16:25:00 - [14] Originally by: Cista2 I get a message that I do not have access rights to your document. I haven't used Google docs before though, so might be my settings. We're sorry, [email protected] does not have permission to access this spreadsheet. It is not just you. Also remember Bunsen, Professor Bunsen, he made the holocaust happen... or perhaps he just made that burner thingie, we use in chemistry.
Dretzle Omega Caldari Caldari Navy Volunteer Task Force	Posted - 2009.12.23 16:38:00 - [15] Originally by: Cista2 I get a message that I do not have access rights to your document. I haven't used Google docs before though, so might be my settings. No, it's his settings. The document is not set to viewable by everyone. Either he gave you the link without remembering to set the sharing, or he's only sharing it with selected people. Bunsen, if you meant that to be shareable, you have to use the Share button in the upper-right corner. You can choose to share with the world and it will give you a link. And you can have it so you're still the only one that can edit.
Marcus Baltar	Posted - 2009.12.23 17:07:00 - [16] Originally by: Professor Bunsen Originally by: Cista2 Will the size of the fund be publicised, during this building phase until Dec 30? Good point. Updated OP with link to sales register. Try this link; http://spreadsheets.google.com/pub?key=tu0IhUiBlBAy5PIyVBimBYA&output=html If you went to the OPTUT2 Start Page - you would find a working (roundabout) link there or generally under the pages tab. --
Cista2 Jita Direct Sale	Posted - 2009.12.23 17:53:00 - [17] 500 mil eh Marcus ? ---------------------------------------- Buy / sell Jidsale shares here
Ji Sama Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll	Posted - 2009.12.23 18:19:00 - [18] Originally by: Cista2 500 mil eh Marcus ? Nice :D
Potsnack	Posted - 2009.12.23 19:23:00 - [19] Very suprised on the slow uptake on this Prof' Bunsen. I've been away too and was also tempted back by CCP's 5 day Xmas freebie, but unless I'm missing something obvious, as a previous investor, count me in for 1000 units (1b-isk), to be increased subsequently depending on venture uptake. Although I haven't been playing Eve much this year, I can see there has been much pain and damage to the secondary markets, not least caused by Ric' and Ebank. It would be nice to get things moving again in the right direction. Isk to you shortly and good luck sir. Cheers Pot
Cista2 Jita Direct Sale	Posted - 2009.12.27 11:07:00 - [20] Originally by: Professor Bunsen 1.1 bil invested so far. Trading start date for the fund 28th Dec, after which units will be sold at NAV*1.075 i.e. get in at the bottom! The OP has set a deadline for December 28, but appears not to be online over xmas. I would like to invest before the deadline, but am awaiting new lifesigns from OP. Also, Potsnack invested on Dec 23, the spreadsheet was updated with two names on Dec 24, but not with Potsnack... which is a bit puzzling. ---------------------------------------- Buy / sell Jidsale shares here
Professor Bunsen Optech Scientific	Posted - 2009.12.27 23:40:00 - [21] Edited by: Professor Bunsen on 27/12/2009 23:45:39 Originally by: Cista2 The OP has set a deadline for December 28, but appears not to be online over xmas. I don't think I did. OP states trading begins 30th Dec and link to prospectus states "OPTUT 2 will start trading on 30th Dec 2009 Optech Unit Trust 2 - Current Price of Units Pricing through the week ending 23.59 Saturday 29 Dec 09 WE BUY @ 1,000,000 isk (1.0 mil) WE SELL @ 1,000,000 isk (1.0 mil) (Net Asset Value 1.0 mil isk/unit) Units are sold in 10 unit blocks i.e. 10,000,000 isk per block 10" Register of investors is currently correct and shows current starting takeup to be 2.2 bil. Potsnack's investment not yet received (maybe there was a RL interruption or something ). Anyway, all set for launch as planned. Bunsen
Cista2 Jita Direct Sale	Posted - 2009.12.28 08:47:00 - [22] Edited by: Cista2 on 28/12/2009 08:53:08 You might want to change post 11 then: Originally by: Professor Bunsen Trading start date for the fund 28th Dec, after which units will be sold at NAV*1.075 i.e. get in at the bottom! Also, the 29th is not a Saturday I think ---------------------------------------- Buy / sell Jidsale shares here
Varo Jan Caravanserai Consulting	Posted - 2009.12.28 08:58:00 - [23] Originally by: Varo Jan You missed this: Quote: Will the valuation be verified by an independent party at any time? For the third time of asking, will the valuation be verified or not? Do you understand what I mean?
Professor Bunsen Optech Scientific	Posted - 2009.12.28 14:52:00 - [24] Originally by: Varo Jan For the third time of asking, will the valuation be verified or not? Do you understand what I mean? No, sorry Varo. I've not done so before and I'm handling a fraction of the funds I've been trusted with (and returned with profits) previously. @Cista2, ah I now see where you get that date from , post amended.
Varo Jan Caravanserai Consulting	Posted - 2009.12.28 15:07:00 - [25] Originally by: Professor Bunsen Originally by: Varo Jan For the third time of asking, will the valuation be verified or not? Do you understand what I mean? No, sorry Varo. I've not done so before and I'm handling a fraction of the funds I've been trusted with (and returned with profits) previously. No problem, thanks for answering. While I appreciate that you¦ve been entrusted with larger funds before, I¦d still suggest that you have the fund valued at some point in the interests of transparency. No, I¦m not looking for work. g I just think it¦s the right thing to do.
Skarii TuThess Lansez Innovations	Posted - 2009.12.28 15:22:00 - [26] I would be prepared to invest if this was independently audited monthly.
Cista2 Jita Direct Sale	Posted - 2009.12.29 18:04:00 - [27] Am investing 1 bn in this fund. Isk and evemail have been sent to Optech Agent. ---------------------------------------- Buy / sell Jidsale shares here
siNuskuRve	Posted - 2009.12.29 18:31:00 - [28] I've also invested. Isk and evemail sent to Optech Agent. Sin

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