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TornSoul
BIG Libertas Fidelitas
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Posted - 2009.12.26 19:43:00 -
[1]
Edited by: TornSoul on 26/12/2009 19:54:09
BMBE.BIG-EVE.com
BMBE is in need of extra ISK for it's clients - Hence this bond offering.
- 50B ISK is needed.
- Buy-in's have to be in increments of 5B ISK
- The bond needs to sell a minimum of 20B ISK before being in effect, and thus interest payments starts when 20B is reached.
- Payout is 3% monthly - Paid out monthly (If you buy in on the 26th, you get paid on the 26th)
- Bond length is unknown. A guestimate is around 3 months (but that's all it is. It could be 1 month or 6 months or something else)
- It is expected that bonds will be bought back in stages, as such a buyback can happen in the middle of a month, and your bond payout will be adjusted to fit this (i.e. the interest for that particular month will be adjusted to fit how long we've had your ISK)
- You can ask for preferential treatment when it comes to buybacks, ie. be put in front of those not wanting this (i.e. those wanting to keep the bonds as long as possible)
- There is no collateral except my word on behalf of BMBE.
- You do not need to post here - Simply wire me (TornSoul) the ISK and you're good.
- The bonds will be bought back immediately as funds to do so become available. That is to say, that when this or any other client of BMBE makes down payments on their loans, buybacks will be performed, regardless of any outstanding loan requests.
Terms & conditions for this bond is identical to those of the recent BMBE 70B ISK bond
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Background
Due to client demand BMBE is out of liquid ISK. Over the past 2 weeks I have already privately and publicly raised 230B ISK - But more is needed, hence this bond.
It's a bit of a reverse run on BMBE if you will atm. After several months of near null activity, things have gone into overdrive after Dominion. It was expected (hoped) but by far not to this extent.
All the ISK is lend out to BMBE clients again (there's a queue atm), and *those* loans are secured with collateral. So while BMBE itself is not offering collateral to those buying bonds, you now have the security of knowing that the ISK is in fact backed by collateral internally in BMBE. You'll still have to trust *me* personally of course.
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I'm aware 3% is a pretty low payout, but that's what BMBE can afford/is prepared to offer, so no need to harp on about it. If it's too little for you and you can make a larger profit elsewise, more power to you, I even encourage you to do so instead. This is for those having ISK not being put to use elsewise.
BIG Lottery |

flakeys
T.H.U.G L.I.F.E The Volition Cult
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Posted - 2009.12.26 20:39:00 -
[2]
I do not want to derail your thread but looking at yesterday's turnout on curzon's loan i assume you know this probably is the worst time to ask for a 50 bille loan specially at 3%.
However i do hope you get the required isk to keep BMBE on a roll.
Good luck and merry Xmas.
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Kalrand
Charles Ponzi School of Business GoonSwarm
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Posted - 2009.12.26 20:50:00 -
[3]
Edited by: Kalrand on 26/12/2009 20:51:13 Didn't you just raise umpteen billions in that last offering?
You might actually want to talk about a business plan this time.
Edit: and by business plan, have some of the people who have recently taken out loans post here.
Or people who currently looking for loans. Try to back up your 300 billions in loans claim.
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Llu
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Posted - 2009.12.26 21:12:00 -
[4]
Originally by: Kalrand Or people who currently looking for loans. Try to back up your 300 billions in loans claim.
Post 12, original thread (TS the link you've given is for editing and will not work) asks for 20B as an example.
Also the main difference between this and Curzon lies in trust I'd say; you only need to take the 4 Titan lotto as example (I got 50MM back a week or two ago where as TS could have sat on that money indefinitely as per original rules). Personally I'd go in but I don't have 5B liquid :(. Then again I'm quite certain that the bond will fill with out problem (a lot of Dominion speculation cash out there after all).
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Kalrand
Charles Ponzi School of Business GoonSwarm
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Posted - 2009.12.26 22:59:00 -
[5]
Originally by: Llu
Originally by: Kalrand Or people who currently looking for loans. Try to back up your 300 billions in loans claim.
Post 12, original thread (TS the link you've given is for editing and will not work) asks for 20B as an example.
Also the main difference between this and Curzon lies in trust I'd say; you only need to take the 4 Titan lotto as example (I got 50MM back a week or two ago where as TS could have sat on that money indefinitely as per original rules). Personally I'd go in but I don't have 5B liquid :(. Then again I'm quite certain that the bond will fill with out problem (a lot of Dominion speculation cash out there after all).
Ok, that's 20b from a name I don't immediately recognize.
Look, I'm about as cynical as they come on this whole ~rep~ thing MD has itself all twisted around. I actually think Torn has some demand, its just that he's asking for an absolute ton of isk. That has a bad history recently.
That being said, I'm sure he'll raise it.
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Aysel Coskun
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Posted - 2009.12.29 21:08:00 -
[6]
wish i had that many isk to invest
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Dretzle Omega
Caldari Caldari Navy Volunteer Task Force
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Posted - 2009.12.29 21:17:00 -
[7]
Originally by: Kalrand
Originally by: Llu
Originally by: Kalrand Or people who currently looking for loans. Try to back up your 300 billions in loans claim.
Post 12, original thread (TS the link you've given is for editing and will not work) asks for 20B as an example.
Also the main difference between this and Curzon lies in trust I'd say; you only need to take the 4 Titan lotto as example (I got 50MM back a week or two ago where as TS could have sat on that money indefinitely as per original rules). Personally I'd go in but I don't have 5B liquid :(. Then again I'm quite certain that the bond will fill with out problem (a lot of Dominion speculation cash out there after all).
Ok, that's 20b from a name I don't immediately recognize.
Look, I'm about as cynical as they come on this whole ~rep~ thing MD has itself all twisted around. I actually think Torn has some demand, its just that he's asking for an absolute ton of isk. That has a bad history recently.
That being said, I'm sure he'll raise it.
I'll "vouch" for Turiel (in that, I've chatted with him and he's a trader and hasn't yet seemed dishonest, etc, and so forth, not that I'll cover his proposal ).
But then, you probably don't recognize my name either , so meh.
By the way, was the last bond paid out? Or you will just keep asking for more money until you have it all? Not meaning to be trollish here. I find it odd for another increase so soon.
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Kalrand
Charles Ponzi School of Business GoonSwarm
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Posted - 2009.12.29 23:48:00 -
[8]
Originally by: Dretzle Omega
But then, you probably don't recognize my name either , so meh.
You certainly post enough that I know who you are.
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YouGotRipped
Ewigkeit
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Posted - 2009.12.30 00:22:00 -
[9]
Originally by: Kalrand
Originally by: Dretzle Omega
But then, you probably don't recognize my name either , so meh.
You certainly post enough that I know who you are.
Believe me, he's not worth your time.
Black Sun Empire |

Emerald Gaze
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Posted - 2009.12.30 18:07:00 -
[10]
Edited by: Emerald Gaze on 30/12/2009 18:07:58 I happen to know both who the precedent loaner was and the current one requesting that bond. Believe me TornSoul isn't collecting all the money for himself. Also, wish I could help 
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Dretzle Omega
Caldari Caldari Navy Volunteer Task Force
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Posted - 2009.12.30 18:09:00 -
[11]
Originally by: YouGotRipped
Originally by: Kalrand
Originally by: Dretzle Omega
But then, you probably don't recognize my name either , so meh.
You certainly post enough that I know who you are.
Believe me, he's not worth your time.
Then why am I worth yours? 
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Emir Khan
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Posted - 2010.01.01 23:48:00 -
[12]
bump for a good bank :D
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Prodigal
Caldari New Genesis Project
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Posted - 2010.01.02 02:51:00 -
[13]
20B sent your way TS to get this rolling if it has not yet begun.
I would have done so earlier but RL got in the way this holiday season.
Anyone else considering this should realize this is THE most SOLID investment you can make in Eve at this time.
Cheers,
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Prodigal
Caldari New Genesis Project
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Posted - 2010.01.02 19:23:00 -
[14]
Edited by: Prodigal on 02/01/2010 19:25:38 This needs a serious bump.
Cheers,
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Prodigal
Caldari New Genesis Project
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Posted - 2010.01.03 18:34:00 -
[15]
Another bump.
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Marcus Baltar
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Posted - 2010.01.03 18:55:00 -
[16]
Originally by: TornSoul Terms & conditions for this bond is identical to those of the recent BMBE 70B ISK bond
The post is here; http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1236522 (The above link seems to want me to edit the post?).
Could we have an update as it seems that EBANK has 65,000,000,000 ISK invested in BMBE Bonds (almost more that it has in loaned out ISK), but this issue was only for 50 Billion ISK, and a further 20 Billion ISK has been invested? ("20B sent your way TS to get this rolling if it has not yet begun").
PS. I did get my Titan Lottery money back, thanks , and would trust Torn more than some, just wondering (aloud) what is going on. --
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Prodigal
Caldari New Genesis Project
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Posted - 2010.01.04 19:03:00 -
[17]
Another bump for the road.
Cheers,
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TornSoul
BIG Libertas Fidelitas
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Posted - 2010.01.05 14:01:00 -
[18]
20B ISK received - 30B ISK still to go.
=====================================
Link fixed - Thanks.
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Originally by: Kalrand
Didn't you just raise umpteen billions in that last offering?
You might actually want to talk about a business plan this time.
Edit: and by business plan, have some of the people who have recently taken out loans post here.
Or people who currently looking for loans. Try to back up your 300 billions in loans claim.
Yes - I just raised 70B ISK in another bond as well. Which in fact is only a small part of the total raised - As an additional ~160B has been raised privately as well, for a total of ~230B
Despite this BMBE still has an ISK queue of 100B+ ISK, hence this bond as well.
Regarding your wish for some names.... I simply can't demand that BMBE clients or potential BMBE clients post here... so you'll simply have to take my word for it. Same as with regards to the fact that I'll return the ISK.
FWIW - I've just refunded 136B ISK in the Titan Lottery (in 2500 individual ISK transfers... God that sucked...)
The two public bonds I've recently made doesn't even total that much.
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Originally by: Dretzle Omega
By the way, was the last bond paid out? Or you will just keep asking for more money until you have it all? Not meaning to be trollish here. I find it odd for another increase so soon.
As mentioned above, and at the end of the last bond (when it sold out), BMBE need lots more ISK still to meet client demand.
Even this bond won't be enough... But I'm taking them a bit a time. Mainly due to different client needs (Some need all or nothing, some can do with part of the full amount, different timelines for needing the ISK etc)
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Originally by: Marcus Baltar
Could we have an update as it seems that EBANK has 65,000,000,000 ISK invested in BMBE Bonds (almost more that it has in loaned out ISK), but this issue was only for 50 Billion ISK, and a further 20 Billion ISK has been invested?
Technically EBANK put 15B into the 70B bond, and 50B into another bond (not this one), that due to this fact, simply didn't need to be made 'public'.
And as mentioned several times already, BMBE still need more ISK, hence this bond as well.
And when this fills another will be made (or covered privately as might happen)
BIG Lottery |

TornSoul
BIG Libertas Fidelitas
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Posted - 2010.01.05 22:06:00 -
[19]
25B left.
BIG Lottery |

Leana Darkrider
Minmatar Creatio -ex- nihilo The Donkey Rollers
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Posted - 2010.01.06 12:01:00 -
[20]
3% interest for that ammount of isk is way too low ______________________________________ If only EVE could cook, if only.... |
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Rolk Anderson
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Posted - 2010.01.06 16:15:00 -
[21]
Without another bond however will TS be able to make the interest payments on the previous bonds?
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Varo Jan
Caravanserai Consulting
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Posted - 2010.01.06 16:29:00 -
[22]
Quote: Technically EBANK put 15B into the 70B bond, and 50B into another bond (not this one), that due to this fact, simply didn't need to be made 'public'.
Ummm... They invested 65B with you at 3%? Is that right?
If so, that¦s good for you, but extremely bad for EBank depositors. EBank needs returns well in excess of 3% to return to profitability within an acceptable time frame.
And yes, this post should be in the EBank thread - except for the fact that I¦d appreciate it if you would confirm my assumption on the 3% return.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.06 18:30:00 -
[23]
Originally by: Varo Jan If so, that¦s good for you, but extremely bad for EBank depositors. EBank needs returns well in excess of 3% to return to profitability within an acceptable time frame.
Or we could leave the ISK in our own wallet for 0% return? Currently we don't have the capacity for that idle ISK in the ventures yet, so it was decided to employ it for the next few months by investing in these bonds.
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Varo Jan
Caravanserai Consulting
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Posted - 2010.01.06 18:39:00 -
[24]
Thanks for the response, Ray. Rather than hijack this thread any further, I¦ll address other questions in your thread.
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Emir Khan
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Posted - 2010.01.07 15:26:00 -
[25]
bump
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TornSoul
BIG Libertas Fidelitas
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Posted - 2010.01.07 15:32:00 -
[26]
20B ISK left
BIG Lottery |

Marcus Druallis
Quantum Industries Prime Orbital Systems
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Posted - 2010.01.07 15:42:00 -
[27]
People actually invest 5 bill for a 150 mill return? lol --
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Emir Khan
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Posted - 2010.01.07 15:53:00 -
[28]
tbh u can actually see this as a trustworthy bank right?
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Kalrand
Charles Ponzi School of Business GoonSwarm
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Posted - 2010.01.07 15:57:00 -
[29]
Originally by: Emir Khan tbh u can actually see this as a trustworthy bank right?
Trustworthy fine, but at some point the "You know, something might come along in the next few months I'd want to buy" aspect comes into play. As the previous poster said, 150 mil is not much to get for not having access to 5 billion in funds.
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TornSoul
BIG Libertas Fidelitas
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Posted - 2010.01.07 19:50:00 -
[30]
Originally by: TornSoul
I'm aware 3% is a pretty low payout, but that's what BMBE can afford/is prepared to offer, so no need to harp on about it. If it's too little for you and you can make a larger profit elsewise, more power to you, I even encourage you to do so instead. This is for those having ISK not being put to use elsewise.
And one more thing : Some people actually invest simply to "give a hand" (imagine that), rather than the profit being the main reason.
BIG Lottery |
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