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Short-Term Bond Offering - 10%/30 days, 90 day length.

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Lui Kai The Penguin Republic	Posted - 2010.03.17 19:34:00 - [1] So, the day has come where I'm finally forced to eat my words - I'm offering a public investment. The What: I've discovered a niche in game that I'm already invested in to the hilt. I've liquidated all non-required assets to invest in it further. And there's still room for expansion. Without going into details, however, once the masses discover this particular market - it will become mostly worthless as a large-scale ISK producer. Previous Example: insurance fraud. So, to accommodate expansion before the lemmings get a chance to close it off, I'm offering a short-term bond and sharing a portion of the profits. The Details There won't be many - as I've said above, once this situation is noticed by the masses, it's likely to dry up into relative unprofitably. Despite that, however, I have already been operating in this niche for 2.5 months, for 15% profit in the first month, and 18% profit in the second. The third is following a similar pattern as the second, thus far. And I've not yet come anywhere near the theoretical ceiling of investment in this particular niche. The Risks This offering is primarily a signature deal. I've never been a player in the public investment scene, as I've always preferred to operate in-game for my contacts. I have no previous public investments you can review. I am not going to allow an auditor to dig around in my trade data. As stated above, I've already liquidated all collateral-worthy assets to expand my personal investment in this niche. If you don't feel I'm trustworthy, please do not invest. The Rewards Because I'm coming to MD with this, but not complying with the usual "MD form" of an offering, I'm offering a 10% monthly interest rate on the investment. This will be a short-term bond, running for 90 days, with 10% payed out every 30 days beginning 2 weeks from today. At the end of the 90 days, I will offer a purchase value buyback on all issued shares. The Amounts As stated above, I'm nowhere near the ceiling of this particular niche. I am therefor offering up to 5 blocks of 5bn each. As each block closes, shares will be created/issued for that block. If a block fails to hit the 5b goal, the ISK from that block will be refunded. ISK will be accepted for 2 weeks from the date of this post, which will be the date of refund on any unfilled blocks and the beginning of the 30 day count to the first interest payment/90 day count to bond closure. The Anticipated Questions No hit by a bus clause? This has always struck me as silly. The chances of my being physically incapacitated to the point of being unable to log in at all in a 90 day timespan are approaching 0. Most people "hit by a bus" were just scamming. What if the niche is discovered/ruined before bond closure? There is a chance of this, but given the nature of the endeavor, I am able to liquidate at any time (regardless of what other players do) for the full amount put in. I'm prepared to come out of pocket for any interest still owed at that point. This is why the bond is so short - 3 months is the limit of risk I want to expose myself to, on that front. Wardec/suicide gank? RFF will be used for all hauling requirements, fully collatoralized. A wardec would not affect my ability to perform in this endeavor in any way. SCAM!!!! As stated above - this is offered purely for those who feel they know my performance history and are willing to trust that history to extend into the future. If you are uncomfortable with this level of trust, don't invest. Brock Nelson Clause: If my account were somehow hacked and all assets destroyed - I am prepared to buy PLEX to void the debt. This would mean giving up sex for a long time, once my wife saw the bank statement, thus why it's not my first funding choice. Theft Clause: No-one but me has access to any non-collatoralized assets (RFF being the collatoralized transport) ----------------
Lui Kai The Penguin Republic	Posted - 2010.03.17 19:35:00 - [2] The How I have created an alt-corp for share issuing. The CEO of that corp, owned by me, will receive all isk/issue all shares. The character's name is "Limited Bond" - who is CEO of "Limited Bond Corp" (corp ticker L-Kai). Please ensure you are sending isk to the correct character. Shares will be 1m each, with no upward limit on the number of shares an individual may purchase. ISK may be sent any time in the two weeks following this post. Shares will be issued as each block is filled. tl;dr I have discovered an isk printing machine. I am printing all the isk I can already. I want to print more isk. If you think I'm worth trusting, I will use your isk to print more isk, and pay you for the pleasure. Here's to getting rich together, folks. ----------------
Alycium Banko	Posted - 2010.03.17 19:39:00 - [3] My reccomendation would be to get in contact with an auditor. Most of the information stated above will be confirmed by an auditor and will increase interest from investors :). Pending audit I would like to reserve 1bn.
Lui Kai The Penguin Republic	Posted - 2010.03.17 19:44:00 - [4] Edited by: Lui Kai on 17/03/2010 19:45:21 Originally by: Alycium Banko My reccomendation would be to get in contact with an auditor. Most of the information stated above will be confirmed by an auditor and will increase interest from investors :). Pending audit I would like to reserve 1bn. I understand this sentiment, but I am entirely unwilling to disclose the nature of the niche I'm operating in, to an auditor or any other party. As stated in the OP, this offering is not for those looking for an audited/collatoralized investment, thus the interest rate I'm offering. There are several other investments of the nature you're looking for available currently, though, and I understand your desire to follow a more secured route. Edit to add: I understand my unwillingness to undergo auditing will cut the funding I receive. I'm fully accepting of this fact, and consider it a reasonable tradeoff for keeping my endeavor secure that much longer. ----------------
Tekota legion industries ltd Veni Vidi Vici	Posted - 2010.03.17 19:47:00 - [5] As I've blown considerable sums on the Cheltenham Festival this week I'm going to treat this as a gamble. Consider me in for a half bill.
Dzil Caldari SafeHouse Investments of Tautology	Posted - 2010.03.17 19:49:00 - [6] What investments/public businesses/corps have you been involved with in the past? Dzil's Corp Sales - 200m
Lui Kai The Penguin Republic	Posted - 2010.03.17 19:53:00 - [7] Originally by: Dzil What investments/public businesses/corps have you been involved with in the past? I have no long-term corp history, other than my own corp - Better Than You. As stated in the OP, I have run no other public investment. While I'm aware of the number of red flags this raises to the status-quo crowd, I've done my best to compensate for that fact with a generous interest rate. That said, if you believe I'm a risk of "taking the money and running" - I do not recommend investing. ----------------
Claire Voyant	Posted - 2010.03.17 19:55:00 - [8] I'm in for 5 bil. Can send isk as soon as you are ready for it.
Lui Kai The Penguin Republic	Posted - 2010.03.17 19:58:00 - [9] Originally by: Claire Voyant I'm in for 5 bil. Can send isk as soon as you are ready for it. ISK can be sent immediately - though as you'll be closing block 1, share issue will have to wait until tomorrow, when the share creation vote closes. Please remember, the character to send ISK to is "Limited Bond" ----------------
Liberty Eternal	Posted - 2010.03.17 19:58:00 - [10] Are you offering an audit? Also, are you a manufacturer or a trader - I couldn't quite tell from your IPO And you are asking for 25 billion, is that correct?

Lui Kai The Penguin Republic	Posted - 2010.03.17 20:02:00 - [11] Originally by: Liberty Eternal Are you offering an audit? As stated in the OP - No. The interest rate is compensation for the lack of security. Originally by: Liberty Eternal Also, are you a manufacturer or a trader - I couldn't quite tell from your IPO I'm having to be vague on purpose, again due to the reasons outlined above. The profitibility goes away when the general public catches on and starts flooding the activity. Originally by: Liberty Eternal And you are asking for 25 billion, is that correct? Up to, yes. There are 5 blocks of 5bn each - if a block does not fill, that amount will be refunded and the bond will run on the filled bonds only. ----------------
Liberty Eternal	Posted - 2010.03.17 20:08:00 - [12] Edited by: Liberty Eternal on 17/03/2010 20:11:06 Sorry but this is highly suspicious, particularly how you have always been on your high horse about the failings of the investment system and the supposed lack of intelligence of those taking part in it. 25 billion rushed offer with no audit or plan, based on a mystery item, offered to people who you think are below you in intelligence and morality? What's to stop you walking away and saying you were handing out a lesson to your inferiors? Edit: Also, a quick look at your contract history gives the impression that 2.5 months ago, you weren't engaged in any trading; it looks like you took a little break in december and came back in february - it's not certain, but it looks like it. You also left your existing corporation 6 days ago, and now you set up this worthless shell corp as your only form of security.
Sandra Smith	Posted - 2010.03.17 20:12:00 - [13] No audit No collateral No record Arrogant condescending poster history You are Rays alt and I claim my $5.
Tekota legion industries ltd Veni Vidi Vici	Posted - 2010.03.17 20:13:00 - [14] 500 mill sent to Limited Bond
Lui Kai The Penguin Republic	Posted - 2010.03.17 20:16:00 - [15] Originally by: Liberty Eternal Sorry but this is highly suspicious, particularly how you have always been on your high horse about the failings of the investment system and the supposed lack of intelligence of those taking part in it. 25 billion rushed offer with no audit or plan, based on a mystery item, offered to people who you think are below you in intelligence and morality? What's to stop you walking away and saying you were handing out a lesson to your inferiors? This same question was actually just raised in SCC, so I'll answer both here - given that I've tried to outline the failings of the public investment system in the past, it's an understandable concern. However, reviewing any of my posts on that subject, you'll find that my objects always lay in the rule-lawyering, red-tape divisions of public investment - not in those who actually invest. Added to that, scams of even small scale tend to have strong in-game repercussions. I'm far too much of a carebear to want to deal with constant wardec nonsense, and far too egocentric to ever be willing to give this character up. And, that aside, the frequency of scams on this forum by no means increases the wisdom of the scammed, or makes any point - despite what all of those scammers always try to claim. All of that said - yes, I am not following the form of the usual offering. I have offered an unusual high interest rate to compensate for that fact for those that believe me unlikely to scam. Those that are trepedatious, please do not invest. Also - 5b recieved from Claire. As mentioned, shares will be issued tomorrow once the vote clears. Block 1 is now closed, accepting isk on Block 2. ----------------
Liberty Eternal	Posted - 2010.03.17 20:23:00 - [16] This offering is following the textbook structure of a scam. You are not even prepared to consider an audit, are desperate for money despite claiming to have a highly profitable item and... I could go on and on but I won't. This looks like a textbook scam.
Dethmourne Silvermane Gallente Silvermane Enterprises	Posted - 2010.03.17 20:29:00 - [17] Lui, I'll see what I can come up with re: funding for you. I just dumped most of my liquid on reducing my own debt, but it's hard to argue with your 10%. --------------------------------- 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.
Lui Kai The Penguin Republic	Posted - 2010.03.17 20:29:00 - [18] Originally by: Liberty Eternal This offering is following the textbook structure of a scam. You are not even prepared to consider an audit, are desperate for money despite claiming to have a highly profitable item and... I could go on and on but I won't. This looks like a textbook scam. The lack of audit and collateral are definitely text book, and as stated above - for those who have no faith/trust in me as a person, this is not a good investment choice. However, contrary to your assertions, 2 weeks of investment period is hardly "rushing" - and there is no desperation. If I were desperate, the time frame would be smaller, and there would be no refund of unfilled blocks. But, all of that said - yes, there is no negation of the "scam risk" structured into the offering. As you have pointed out, my previous posts show no faith/love for the MD auditing system, and that hasn't changed now. If that limits the amount of investment I recieve, I'm fully accepting of the fact. Stated again, for absolute clarity: If you think I'm a risk to run with the isk, do not invest. The accepted MD methods for assuaging those worries are abhorrent to me, and I will not be using them. ----------------
Liberty Eternal	Posted - 2010.03.17 20:41:00 - [19] Originally by: Lui Kai The lack of audit and collateral are definitely text book, and as stated above - for those who have no faith/trust in me as a person, this is not a good investment choice.... The accepted MD methods for assuaging those worries are abhorrent to me, and I will not be using them. Then why come to MD with your investment offer? If the only people for whom this is a good investment choice are those with "faith" in you, why didn't you just raise it privately in-game instead of offering it to the public in a form that is bound to alienate the public? Don't turn up to a soccer game riding a polo horse - wrong rules, wrong game; plus you look silly And I am sorry if it looks like I derailed your thread but you deserve to be shot down for making a public offering along these lines.
Vaerah Vahrokha Minmatar Vahrokh Consulting	Posted - 2010.03.17 20:47:00 - [20] Quote: Edit to add: I understand my unwillingness to undergo auditing will cut the funding I receive. I'm fully accepting of this fact, and consider it a reasonable tradeoff for keeping my endeavor secure that much longer Therefore you think every and all auditors are all eavesdropping buffoons? Otherwise there would be one, just one, eligible for such an High Task. - Auditing & consulting When looking for investors, please read http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz

Lui Kai The Penguin Republic	Posted - 2010.03.17 20:51:00 - [21] Edited by: Lui Kai on 17/03/2010 20:54:29 Originally by: Liberty Eternal Then why come to MD with your investment offer? If the only people for whom this is a good investment choice are those with "faith" in you, why didn't you just raise it privately in-game instead of offering it to the public in a form that is bound to alienate the public? Don't turn up to a soccer game riding a polo horse - wrong rules, wrong game; plus you look silly And I am sorry if it looks like I derailed your thread but you deserve to be shot down for making a public offering along these lines. I'm really out of ways to restate what I've already said - this isn't an offering intended for you. You're looking for something in the familiar, more secured, lower return alley - and that's fine. But that is not the style of this offering. You think I'm a scam liability, and have duly warned the populace. I did my best to outline the lack of security involved in this, too, and to discourage anyone who feels this is a scam from investing. That's why I'm offering a 10%/month rate of return. It's not the familiar, comfortable MD offering. It's not intended to be. Edit to add: Originally by: Vaerah Vahrokha Therefore you think every and all auditors are all eavesdropping buffoons? Otherwise there would be one, just one, eligible for such an High Task. It's not intended to be an attack on your, or any other auditor's, credibility/trustability - but, as stated, I'm more comfortable providing higher interest rates in trade for not miring myself down in the red tape of MD while sharing the entirety of my trade data with someone else. ----------------
Julian Koll The Kollektive	Posted - 2010.03.17 21:08:00 - [22] So, to put this straight, you, the one person arguing that anyone not being able to raise his funds internally is not worth investing in, is asking a public loan?
Lui Kai The Penguin Republic	Posted - 2010.03.17 21:12:00 - [23] Originally by: Julian Koll So, to put this straight, you, the one person arguing that anyone not being able to raise his funds internally is not worth investing in, is asking a public loan? Actually, to be more specific - I said anyone who was asking for public investment was impatient, greedy, or role-playing. :p I did accept that there were few exceptions to that statement - such as Bobby and Akita. The nature of this offering is mostly greed, due to the limited window of time this particular opportunity will be available, and my desire to fully utilize it before it goes away. ----------------
Professor Leech Transmetropolitan	Posted - 2010.03.17 21:19:00 - [24] Originally by: Lui Kai Originally by: Julian Koll So, to put this straight, you, the one person arguing that anyone not being able to raise his funds internally is not worth investing in, is asking a public loan? Actually, to be more specific - I said anyone who was asking for public investment was impatient, greedy, or role-playing. :p I did accept that there were few exceptions to that statement - such as Bobby and Akita. The nature of this offering is mostly greed, due to the limited window of time this particular opportunity will be available, and my desire to fully utilize it before it goes away. You left out rep grinding and ego fluffing. Originally by: Crawe DeRaven this thread is obviously going places
Ave Volta Perkone	Posted - 2010.03.17 21:59:00 - [25] Put me down for 1B. Let me know when you'd like the isk. and lol @ the Brock Nelson Clause. -------------------------------- chown -R us:us /yourbase
Lui Kai The Penguin Republic	Posted - 2010.03.17 22:02:00 - [26] Originally by: Ave Volta Put me down for 1B. Let me know when you'd like the isk. and lol @ the Brock Nelson Clause. You can send the isk whenever is convenient for you. Block reservations are done on an isk-received basis - we're currently on Block 2. :) Just be sure you're sending to Limited Bond, of Limited Bond Corp, ticker L-Kai ----------------
Liberty Eternal	Posted - 2010.03.17 23:52:00 - [27] Edited by: Liberty Eternal on 17/03/2010 23:53:43 You may have missed my questions about you having a recent break from the game. Have you had a break from the game recently? I ask this because from late december 09 to early February 10 you had no activity on your contracts or your forum posts (except 1), whereas before december you had many posts and contracts, and after february you had many posts and contracts, so it looks like you had a 2-month (roughly) break, unless there is some other explanation.
kakarifar	Posted - 2010.03.17 23:59:00 - [28] I'll take 250 mil. Will send isk tomorrow, at work all night earning the money to buy the plex to sell in jita to make the isk to give to you..
Check 1234	Posted - 2010.03.18 02:37:00 - [29] Scam. Gratz on all the investors who have lost their isk so far with this.
Boogie Bobby	Posted - 2010.03.18 02:54:00 - [30] Didn't MD learn anything from the last guy that borrowed for some poorly explained plan on rep alone and ripped everyone off for 50 bil to give away and build nice toys before quitting?



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