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SetrakDark
DarkCorp Holdings
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Posted - 2010.02.16 17:17:00 -
[31]
Wow...
Well I know I personally wouldn't hold private chat logs against someone unless it was blatant scam planning or something. I talk (type) far more loosely when I don't think it's going to be made part of the "public record".
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Riethe
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Posted - 2010.02.16 17:27:00 -
[32]
Dethmourne,
If you're all clean and have an excuse for everything, then why not push on with the fund?
Deth needs a reason right now to avoid getting an audit for this. Wonder why?
It just works out to be a great excuse for him that I came along.
You should have just paid the money. This seems a lot worse.
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.16 17:28:00 -
[33]
Really, Riethe made me re-examine whether I was even enjoying the game; so in a sense, he's done me a favor. Debt has kept me from engaging in egregious PvP and forced me to worry about making ISK instead of losing it, so burning off my debt and remaining out of debt will be enjoyable insomuch as I will be able to do crazy things like gank proteus.
---------------------------------
Regarding high-sec mining:
 Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people.
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Drab Cane
Carbenadium Industries
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Posted - 2010.02.16 17:49:00 -
[34]
Riethe, I'm at a bit of a loss. Perhaps I'm just too naive to understand the criminal mind.
Why the blackmail attempt, for a measly 200 million? Certainly that's not a large sum for you, is it? Was it simply another opportunity to wring some ISK from someone? If it was for the benefit of the MD crowd, why not simply post the information you had?
I can only assume that these are your true colors, an opportunist that needs the 'win' at someone else's expense. A hunter that not only desires the thrill of the kill, but also enjoys watching his victims' pain.
-----------------------------------------------
- Who Dares, Wins
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Cyaxares II
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Posted - 2010.02.16 17:51:00 -
[35]
Originally by: Riethe
It just works out to be a great excuse for him that I came along.
It is a great excuse, because at this point most of MD will agree that getting an audit done would just mean to conform to the rules of some extortionist bully.
The Right Thing to Do(TM) can be completely wrong if it plays into the hands of the wrong people.
Originally by: Riethe
You should have just paid the money. This seems a lot worse.
What is "this" referring to?
The fact that people tell Dethmourne that letting you dictate his actions was not a wise decision?
Somehow I seem to have missed the massive public outcry that is currently undermining Dethmourne's reputation...
But gratz for trying to blackmail Dethmourne without himself knowing what compromising material is backing up the blackmail.
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Chaotic Melody
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Posted - 2010.02.16 17:55:00 -
[36]
More importantly, why has he still not posted it?
IMO: What he has will not impact the MD opinion of Deth as much as he believes, and thus he has not revealed his hand. As the cancellation of the bond issue will always be brought up in future arrangements by Deth the threat will not work a second time. And if this was to be a massive scam by Deth (though i do not believe it was), why ask for so little, when he could have asked for significantly more?
On another note: As a scare tactic this worked exceptionally. As a scam or blackmail, it produced no funds.
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Taram Caldar
Blackwater USA Inc.
Gentlemen's Club
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Posted - 2010.02.16 18:10:00 -
[37]
To be honest I am of the mind that Deth just didn't want to get an audit done because he's not doing as well as he's led folks to believe. I don't think it has anything at all to do with Reithe. To be honest cancelling the bond because of Reithe's threats does more, in my mind, to harm Deth's rep than had Deth just gotten an audit and moved forward with the bond and let Reithe post whatever the hell he wanted.
Fact: Reithe is a known scammer. Scammers lie. Nobody in their right mind is gonna take anything he says at face value.
Fact: It's obvious that Deth didn't want to get an audit done. Why? Anyone's guess. But the refusal to get an audit did more to harm his rep than anything that Reithe could possibly post on forum threads.
Bottom line:
Asking for a 4% non-secured loan with no audit, no collateral, no nothing? It was bound to draw questions. Obviously these were questions that Deth didn't want to answer.
Market Alerts Mailing List
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Riethe
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Posted - 2010.02.16 18:24:00 -
[38]
Edited by: Riethe on 16/02/2010 18:25:57
Originally by: Drab Cane
Riethe, I'm at a bit of a loss. Perhaps I'm just too naive to understand the criminal mind.
Why the blackmail attempt, for a measly 200 million? Certainly that's not a large sum for you, is it? Was it simply another opportunity to wring some ISK from someone? If it was for the benefit of the MD crowd, why not simply post the information you had?
I can only assume that these are your true colors, an opportunist that needs the 'win' at someone else's expense. A hunter that not only desires the thrill of the kill, but also enjoys watching his victims' pain.
I don't consider 200 million to be measly.
ISK receives its value not from how many digits there are, but how much time was spent to earn it.
Originally by: Cyaxares II
It is a great excuse, because at this point most of MD will agree that getting an audit done would just mean to conform to the rules of some extortionist bully.
I don't know what this means
Originally by: Cyaxares II
What is "this" referring to?
???
Originally by: Cyaxares II
In this light it's understandable that Riethe is currently a little bit frustrated (and avoiding to bring forth the compromising material).
I love when people decide what emotions I'm experiencing. By the way, I think the current turn out is way cooler than actually getting the ISK.
Originally by: Chaotic Melody
More importantly, why has he still not posted it?
IMO: What he has will not impact the MD opinion of Deth as much as he believes, and thus he has not revealed his hand. As the cancellation of the bond issue will always be brought up in future arrangements by Deth the threat will not work a second time. And if this was to be a massive scam by Deth (though i do not believe it was), why ask for so little, when he could have asked for significantly more?
On another note: As a scare tactic this worked exceptionally. As a scam or blackmail, it produced no funds.
Why does it matter what impact I believe it will have? That's completely irrelevant. All that matters is what impact Deth will believe it has. Are you really this slow?
Clearly Deth has some pretty hardcore secrets to just shut it all down at the first bad sign. Or, he's ran his ventures so poorly that he considers them "debt" and not "ISK printing machines" and it's become far too stressful.
My current impression is that Deth was not interested in getting an audit--so he took advantage of the fact that I brought this up and used it as an excuse to cancel everything. Thus a good way to avoid the audit altogether (though it might still be wise to push him for an audit to show the current state of everything.)
Either way, this reaction is incredibly interesting. Far more extreme than I anticipated. Why not just ignore me? Carry on? If you're clean, why does it matter? There's more to this than just me. Consider that.
Lately there's been a pretty big thing about getting some MDers and members of my corporation, Bobby's corporation, and SRS alliance together for PVP. All of these guys who have spent so much time sitting in high sec doing boring stuff are beginning to realize how much fun EVE is with a nice fleet and a good FC. Maybe Dethmourne included.
edit: Taram got his post in while I was working on mine,
Originally by: Taram Caldar
To be honest I am of the mind that Deth just didn't want to get an audit done because he's not doing as well as he's led folks to believe. I don't think it has anything at all to do with Reithe.
I agree with this. He is either performing very poorly, or there are other behind the scenes activities going on that will look bad.
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.16 18:25:00 -
[39]
Taram, I stated I would get a bond after folks requested it - and honestly I don't mind getting one done still, even though there will be no bond. My initial lack of interest in the bond was, as stated, due to a lack of time. I still don't have the time for long conversations with an auditor, but I can certainly get an audit done wherein my business plan doesn't matter (and thus minimizing the actual conversation time needed).
---------------------------------
Regarding high-sec mining:
Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people. |
Taram Caldar
Blackwater USA Inc.
Gentlemen's Club
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Posted - 2010.02.16 18:35:00 -
[40]
Originally by: Dethmourne Silvermane
Taram, I stated I would get a bond after folks requested it - and honestly I don't mind getting one done still, even though there will be no bond. My initial lack of interest in the bond was, as stated, due to a lack of time. I still don't have the time for long conversations with an auditor, but I can certainly get an audit done wherein my business plan doesn't matter (and thus minimizing the actual conversation time needed).
Then why shut the whole thing down just because Reithe acted like... well... reithe... He's a scammer... NOBODY here really cares what he has to say ;)
I fail to understand the logic of continuing to operate under two loans @ 7% when you could just get an audit done to prove you're profitable and then the 4% would be palatable to most.
Thus allowing you to refinance your 'debt' down to be less drain on your profit, opening you up to do the pvp you apparently want to while still allowing you to pay off your debt.
I just don't understand your logic in this at all and slamming the whole thing shut because Reithe decided to pick on you just seems fishy.
Market Alerts Mailing List
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Hippopotamus Rex
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Posted - 2010.02.16 18:43:00 -
[41]
Dethmourne, I wouldn't hold it against you if you just completely walked away from this, but if you wanted to get an audit to set things straight, I'd be more than happy to pay for it.
I'm sure you can afford it yourself, but I wouldn't want to add insult to injury in making you pay for an audit for a bond you're not issuing because of some malicious little punk's lame blackmail attempt. I think this is complete bull**** and I'd be happy to help out.
This is probably our fault anyways. We, as a community, probably weren't paying enough attention to Riethe, thereby causing him to act out.
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.16 18:50:00 -
[42]
The reason I decided to walk away from the bond is because I'd rather just burn a month or two at my existing outstanding loans and get rid of them. There's no reason to bother with the refinance for only 1-2 month's interest. My initial intent (and cause of bond) was to refi and then maintain the loan for a significant period of time - as I'm no longer interested in doing that, the extra interest over a month is not significant enough to really be arsed with.
---------------------------------
Regarding high-sec mining:
Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people. |
Liberty Eternal
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Posted - 2010.02.16 19:22:00 -
[43]
Originally by: Hippopotamus Rex
Dethmourne, I wouldn't hold it against you if you just completely walked away from this, but if you wanted to get an audit to set things straight, I'd be more than happy to pay for it.
I'm sure you can afford it yourself, but I wouldn't want to add insult to injury in making you pay for an audit for a bond you're not issuing because of some malicious little punk's lame blackmail attempt. I think this is complete bull**** and I'd be happy to help out.
This is probably our fault anyways. We, as a community, probably weren't paying enough attention to Riethe, thereby causing him to act out.
I'll cover half the cost. Dethmourne, I hope you are going to come out of your corner fighting. Don't let anyone get in your lane.
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Vaerah Vahrokha
Minmatar
Brutor tribe
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Posted - 2010.02.16 20:30:00 -
[44]
Quote:
What happened to the gentleman thief we all know and love?
As I said in another post, Riethe is quite intelligent and knows how to handle people like puppets (and much more) if he wants and can drive things to a precise longer term end if needed, or can ride on situations like right now.
Handle with care. Even throwing knives in a circus to a tied waitress is fun, until you aim wrong.
-
Auditing and consulting
Before asking for investors, please read
http://tinyurl.com/n5ys4h and
http://tinyurl.com/lrg4oz
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.16 20:50:00 -
[45]
Liberty - to be honest, better than you paying for an audit would be if you could return that loan I made you early (with the interest reduced as appropriate). That way I could just dump it on a few of my current debts.
(For those who will ask why I lent money while owing debt - LE offered a significantly higher rate of return than I was borrowing at).
---------------------------------
Regarding high-sec mining:
Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people. |
Liberty Eternal
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Posted - 2010.02.16 20:58:00 -
[46]
Edited by: Liberty Eternal on 16/02/2010 21:00:56
Originally by: Dethmourne Silvermane
Liberty - to be honest, better than you paying for an audit would be if you could return that loan I made you early (with the interest reduced as appropriate). That way I could just dump it on a few of my current debts.
(For those who will ask why I lent money while owing debt - LE offered a significantly higher rate of return than I was borrowing at).
No problem - I can give you 15% interest as we are halfway through the month if that's ok with you? Might need an hour or two to shift some stock around. Total repayment is 500 mil + 15% (75 mil) = 575 mil
Edit: Evemail me in-game rather than derailing your thread 
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.16 21:09:00 -
[47]
That interest is perfectly fine mate. And I'm @ work, can't evemail ingame atm, so thread semiderailment commence!
---------------------------------
Regarding high-sec mining:
Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people. |
Hippopotamus Rex
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Posted - 2010.02.16 23:31:00 -
[48]
Originally by: Dethmourne Silvermane
so thread semiderailment commence!
I'll do my best:
Originally by: Vaerah Vahrokha
As I said in another post, Riethe is quite intelligent and knows how to handle people like puppets (and much more)
No, Riethe is vague. He alludes to the "long-term" scams and claims that every thread and every reaction is part of a larger plan. You're left to fill in the blanks. And the more unconnected all his threads, comments and "offerings" seem, the more people attribute it to his "genius."
Rather than imagining his grand plans, look at the tangibles. One successful scam a long time ago - a scam after a smaller offering, which is done all the time in here, both as scams and as legit offerings - and a collection of two-bit Jita-local quality scams on his site.
Everyone on here demands audits to prove people's trading claims when they ask for a bond, so why is Riethe any different. I want to see some proof that scamming prowess before I lend him any credibility.
Yeah, I'm ranting here, but this one really ****ed me off. Some like to say scamming is just a profession, there's an art to it, it makes things interesting, blah blah blah. I don't agree with them but fine. But this? Blackmail and character assassination (he tried this crap with Breaker77 in the audit fund thread too)? This is pretty ****ing low. Rep is pretty hard to come by in MD. You ask for too much, you're scamming, you ask for a lesser amount, you're setting up for a scam down the road. The rep here is fickle enough and Riethe wants to take away what Dethmourne has built up. For what? 200 million? Pathetic.
You want to steal people's ISK, I don't agree with it but not everyone sees that as immoral in this game. But this little stunt is akin to griefing and I think it crossed the line.
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SetrakDark
DarkCorp Holdings
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Posted - 2010.02.16 23:40:00 -
[49]
Originally by: Hippopotamus Rex
Originally by: Dethmourne Silvermane
so thread semiderailment commence!
I'll do my best:
Originally by: Vaerah Vahrokha
As I said in another post, Riethe is quite intelligent and knows how to handle people like puppets (and much more)
No, Riethe is vague. He alludes to the "long-term" scams and claims that every thread and every reaction is part of a larger plan. You're left to fill in the blanks. And the more unconnected all his threads, comments and "offerings" seem, the more people attribute it to his "genius."
Rather than imagining his grand plans, look at the tangibles. One successful scam a long time ago - a scam after a smaller offering, which is done all the time in here, both as scams and as legit offerings - and a collection of two-bit Jita-local quality scams on his site.
Everyone on here demands audits to prove people's trading claims when they ask for a bond, so why is Riethe any different. I want to see some proof that scamming prowess before I lend him any credibility.
Yeah, I'm ranting here, but this one really ****ed me off. Some like to say scamming is just a profession, there's an art to it, it makes things interesting, blah blah blah. I don't agree with them but fine. But this? Blackmail and character assassination (he tried this crap with Breaker77 in the audit fund thread too)? This is pretty ****ing low. Rep is pretty hard to come by in MD. You ask for too much, you're scamming, you ask for a lesser amount, you're setting up for a scam down the road. The rep here is fickle enough and Riethe wants to take away what Dethmourne has built up. For what? 200 million? Pathetic.
You want to steal people's ISK, I don't agree with it but not everyone sees that as immoral in this game. But this little stunt is akin to griefing and I think it crossed the line.
/signed
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.16 23:41:00 -
[50]
To be perfectly fair, it's been pointed out that my rage-"screwthis****" response was perhaps exactly what Riethe was after... but I've realized that debt is, unless absolutely necessary, more of a hassle than it's worth.
And someone stated something about an ISK printing machine - which I've never claimed to have. I believe VV's last audit (I've evemailed him requesting an update audit be done, if possible) showed I make somewhere around 11-12%, which with my current debt left me very low on actual return for myself. Hence the desire to refi to a lower rate - but the hassle of doing so was, to me, worse than the hassle of just paying off investors asap.
---------------------------------
Regarding high-sec mining:
Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people. |
Contract Agent
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Posted - 2010.02.17 05:26:00 -
[51]
Originally by: Taram Caldar
To be honest I am of the mind that deth just didn't want to get an audit done because he's not doing as well as he's led folks to believe.
probably on the mark there. About a month back a client which shall remain unknown made a contract hit on Deth while he undocked outside Jita blowing up Abaddons for his insurance fraud scheme. On 11 Jan this contract was fulfilled by a shadow agent by the name of Kimberleigh when deth's pod was popped right outside Jita 4/4 after he self-destructed his Abaddon. API verified kill on that is available for all to see on battleclinic. After that through add book we did not see deth online for quite a number of days leading up to a few days or more. I wonder deth how much worth in implants did you lose to that unexpected... mishap? I doubt you were using a jumpclone. You thought it was going to be absolutely laggy and thus safe for you right outside didn't you? You didn't figure someone would actually pod you. So that happened, you went to get full set of +5s again... and on 7 Feb your pod was taken out by someone else again unaffiliated to me or my client who put out the first hit. Admit it, you are burning out, you're getting frustrated, you have less time to play, people spoil your day, and you just want to use your "rep" to take an easier way out around here.
Now you unexpectedly lose hundreds of millions and maybe more the first time round... and this among other things you're just using investors money to fulfill your own needs and not actually running your business proper. I wonder what other deep dark secretsss other people have over you.... namely riethe at the moment hahaha. By the way, my client would like to say that he will be willing to sell dethmourne silvermane's corpse through me if anyone is interested. 
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Dethmourne Silvermane
Gallente
SRS Industries
SRS.
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Posted - 2010.02.17 06:07:00 -
[52]
Lol. Sorry, I gave up on +5s when I podded myself -to- Esoteria. I lost maybe 80m in implants.
As I've stated (though perhaps not on this forum) I work for a company whose primary business is done from january to april - perhaps that's why you didn't see me online as much?
Also, my main quit doing insurance fraud - I have an alt for that.
I also have an alt for trading.
So it's not like Dethmourne not logging on necessarily means I didn't log onto eve - I log on at least once/day on my trader.
---------------------------------
Regarding high-sec mining:
Originally by: AmarrettoDiAmarr
3-4 million ISK/hr is perhaps .15 0r .20 US$/hr; not quite prison wages and you are around less honest people. |
Hippopotamus Rex
|
Posted - 2010.02.17 06:09:00 -
[53]
Originally by: Contract Agent
Originally by: Taram Caldar
To be honest I am of the mind that deth just didn't want to get an audit done because he's not doing as well as he's led folks to believe.
probably on the mark there. About a month back a client which shall remain unknown made a contract hit on Deth while he undocked outside Jita blowing up Abaddons for his insurance fraud scheme. On 11 Jan this contract was fulfilled by a shadow agent by the name of Kimberleigh when deth's pod was popped right outside Jita 4/4 after he self-destructed his Abaddon. API verified kill on that is available for all to see on battleclinic. After that through add book we did not see deth online for quite a number of days leading up to a few days or more. I wonder deth how much worth in implants did you lose to that unexpected... mishap? I doubt you were using a jumpclone. You thought it was going to be absolutely laggy and thus safe for you right outside didn't you? You didn't figure someone would actually pod you. So that happened, you went to get full set of +5s again... and on 7 Feb your pod was taken out by someone else again unaffiliated to me or my client who put out the first hit. Admit it, you are burning out, you're getting frustrated, you have less time to play, people spoil your day, and you just want to use your "rep" to take an easier way out around here.
Now you unexpectedly lose hundreds of millions and maybe more the first time round... and this among other things you're just using investors money to fulfill your own needs and not actually running your business proper. I wonder what other deep dark secretsss other people have over you.... namely riethe at the moment hahaha. By the way, my client would like to say that he will be willing to sell dethmourne silvermane's corpse through me if anyone is interested.
Anything you say, day old toon
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Ave Volta
Red Frog Investments
Blue Sky Consortium
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Posted - 2010.02.17 06:32:00 -
[54]
Since Riethe's post this has been a no-win situation for Dethmourne.
Option 1: Pay off Reithe - Crappy option for a lot of reasons. (What would've stopped Reithe from talking about the successful blackmailing and thereby raising the same suspicions about Dethmourne already raised?)
Option 2: Ingore Reithe and continue with the refi - Again the posting by Reithe, weather he had incriminating chat lots or not, would've been enough to set off the same speculative poop storm of mistrust in Dethmourne. Although continuing with the refi may have done less damage due to skepticism in Reithe's word.
Option 3: Cancel refi - Resultant speculative poop storm.
Honestly if Dethmourne continues to payout interest payments and doesn't bolt with everyone's isk out of shear aggravation at the situation, I don't think anyone should get too wound up over this.
Lesson learned seems to me that if you're ever going to be involved with handling other peoples money or asking for any kind of trust don't ever talk to a guy named Reithe or any like him regardless if it's just idle chat.
--------------------------------
chown -R us:us /yourbase |
thebarry
SRS Industries
SRS.
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Posted - 2010.02.17 07:35:00 -
[55]
Edited by: thebarry on 17/02/2010 07:35:15
Riethe has said 200m is a lot of isk here, and has also said it isn't a lot in a conversation with me. He stated the real reason he did it is because I had jokingly said that he left the alliance because he couldn't scam anyone there, he said that it was 'your big mouth' that caused the drama. Of course the truth is, Riethe is just a dirtbag scammer who looks for excuses to **** on anyone who trusts him, even a little, and he should really just be completely ignored. Only fools would take anything he says seriously(another reason I will never do business with the individuals in these forums). He posted the chatlog to his website because he thought I was being silly, but since he is now contradicting what he said in that convo, I'll post the link here for your amusement:
http://www.eve-scam.com/thebaby.txt
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Riethe
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Posted - 2010.02.17 07:38:00 -
[56]
Originally by: thebarry
Edited by: thebarry on 17/02/2010 07:35:15
Riethe has said 200m is a lot of isk here, and has also said it isn't a lot in a conversation with me. He stated the real reason he did it is because I had jokingly said that he left the alliance because he couldn't scam anyone there, he said that it was 'your big mouth' that caused the drama. Of course the truth is, Riethe is just a dirtbag scammer who looks for excuses to **** on anyone who trusts him, even a little, and he should really just be completely ignored. Only fools would take anything he says seriously(another reason I will never do business with the individuals in these forums). He posted the chatlog to his website because he thought I was being silly, but since he is now contradicting what he said in that convo, I'll post the link here for your amusement:
http://www.eve-scam.com/thebaby.txt
You can clearly view on my website multiple posts the way I value ISK. And a previous post in this thread.
200mil was not considered a large amount for dethmourne to part with to avoid this all happening.
Also note I am personally hosting that chat log because it was amusing to toy with barry when he approached me "disappointed" (his word)
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thebarry
SRS Industries
SRS.
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Posted - 2010.02.17 07:58:00 -
[57]
jesus, it took you only 3 minutes to respond...you're poopsocking this thread?
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Riethe
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Posted - 2010.02.17 07:58:00 -
[58]
Originally by: thebarry
jesus, it took you only 3 minutes to respond...you're poopsocking this thread?
Yes. And the rest of the forum. Are you coming on the PVP op @ 1700?
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Vaerah Vahrokha
Minmatar
Brutor tribe
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Posted - 2010.02.17 08:23:00 -
[59]
Quote:
Option 3: Cancel refi - Resultant speculative poop storm
You forgot option 4: close the bonds at higher interest rate even if it's more bothersome, THEN eventually start a new one at 4%.
The choice of refinancing debt can be done in several ways. One of them - chosen for this bond - is not going to be popular. By starting multiple high interest bonds to consolidate paying less into a new one, you give out the impression that you:
1) did your homeworks too quickly, and find out you can't really afford paying the due and thus try a quick way out. This can be a smart solution, but it comes off a not smart initial choice and investors will notice that.
Now, the investors in this specific case cannot really single out and blame DM, as his profit % was published in advance.
2) are going too fast with the "rep game". By following this more and more used mechanism of refinancing on the run, a bad "reverse Ponzi" habit can occur.
Generalizing out of DM's case (because he's FAR from being the first and FAR from being the one doing the most of it), a guy starts investments and becomes "legit".
Then halfway, once "cashed in the rep", he refinances. This is a stepping stone mechanism a sort of hidden Dutch Auction. The thing can and has been pulled out more and more frequently but sooner or later if the investee is not seen as Holy Saint Grail or when the stepped down interest drops below an accepted thresold (varies with investee fame) then investors start to scoff.
Now, while refinancing is a viable and often a smart method of finance play, I think its getting somewhat inflationed and should slow down.
3) investors also get slapped in their face, because they pick an investee basing on advantage, but halfway the run, said investee "short sells" their advantage and reproposes a worse deal. "I chose that guy offering a long term 6% over the other offering short term 5% and now the former refinances at short term 4%".
-
Auditing and consulting
Before asking for investors, please read
http://tinyurl.com/n5ys4h and
http://tinyurl.com/lrg4oz
|
Riethe
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Posted - 2010.02.17 08:47:00 -
[60]
Breaking news:
According to Team Speak conversation (currently ongoing) Dethmourne engages in real life non-consensual PVP which puts other human beings into hospitals.
In related news:
Bad Bobby is one of the most patient players in EVE.
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