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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 03:34:00 -
[1]
|-| Banko IPO |-|
|-| 500M |-| 4% Weekly |-|
Index
Section 1-Operation Overview
Section 2-Investment Information
Section 3-Assessment of Risks
Section 4-Investor Information
Section 5-Reporting
Operation Overview
This will be my first public offering. This character was born on March 3rd of this year, with its primary role being a station trader and a secondary role as a hauler for inter-regional trading. The investments for this IPO will be used primarily for station trading as I wait for skill training to finish so I can pilot a hauler. I have a very large list of items I will be using for trading, T1/T2 items, named mods, and a few ships. A majority of the items are traded in large quantities with lower margins and a few items with much longer turnover rates. By diversifying the items traded I will reduce the risk of loss to almost 0.
Current Capacities:
Liquid ISK-853,078,988.13
Sell Orders-473,430,895.49
Buy Orders-219,259,129.22
Items on Hand-95+ Million (If I dumped the items on buy orders)
Maximum Orders-57
Skills-Accounting IV, Broker Relations IV, Margin Trading II, Marketing II, Retail IV, Trade V.
Investment Information
Principal Value-500,000,000.00 ISK
Issue Price-50,000,000.00 ISK (10 Shares total)
Maturity Date-3 Weeks from the day full investment has been received.
Coupon-4% Weekly
Shares will be purchased back at principal value.
Assessment of Risks-(The H.B.A.T. Clause)
Real Life Complications-I am currently taking courses at my local public college studying medicine. I spend about 3-5 hours a day on my computer and enjoy ISK wars. I don't foresee myself not being able to log on and update orders everyday.
Other Risks-As with any investment there is a certain amount of risk, and as of late it seems the MD is flooded with scammers. I would like to offer a place investors can invest with relative comfort. Unfortunately I am unable to provide collateral, however I believe the Coupon rate at 4% weekly will reduce the need for collateral.
Auditing-If investors should request an audit I would be more than happy to have an audit done. However I would prefer to get the bond underway as soon as possible and therefore would be willing to undergo a performance audit upon the maturity of the IPO.
Investor Information
I will update this section with reservations as well as investments. If you wish to remain anonymous please feel free to convo me in-game.
Reservations:
Reporting
Detailed reports will be given each week with information on how the IPO is going as well as plans for the coming week.
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SetrakDark
DarkCorp Holdings
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Posted - 2010.03.24 03:43:00 -
[2]
Well you've already demonstrated an acute business sense...
So, it's pretty safe to assume that the Atima bond is a scam now.
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 03:52:00 -
[3]
 Originally by: SetrakDark
Well you've already demonstrated an acute business sense...
So, it's pretty safe to assume that the Atima bond is a scam now.
Because I wanted to invest in another op? Curious to know why you automatically attempt to deface another players operation, sad that you must jump to incorrect conclusions that quickly.
PS: Trolls need not post. If you are interested in this venture let me know, if not, move along.
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Professor Leech
Transmetropolitan
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Posted - 2010.03.24 04:03:00 -
[4]
Edited by: Professor Leech on 24/03/2010 04:03:30
Mr Banko I see you are quickly moving to dismiss legitimate queries instead of providing an answer. This is the standard process for controlling information in a scam to avoid limiting the potential marks.
Did you read his findings?
Originally by: Crawe DeRaven
this thread is obviously going places
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Jadun
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Posted - 2010.03.24 04:03:00 -
[5]
yo ho
i believe you are doing quite a few things wrong if you got Liquid ISK-853,078,988.13 as a trader.
also you should have done a audit before even starting so called ipo.
500 mil is donot make sence as a start up. please explain why you choose this mini amount which you should be able to earn by yourself faster without the hassel of a ipo.
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SetrakDark
DarkCorp Holdings
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Posted - 2010.03.24 04:10:00 -
[6]
lol and buying a character for 4b gtfo here
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 04:13:00 -
[7]
Originally by: Professor Leech
Edited by: Professor Leech on 24/03/2010 04:03:30
Mr Banko I see you are quickly moving to dismiss legitimate queries instead of providing an answer. This is the standard process for controlling information in a scam to avoid limiting the potential marks.
Did you read his findings?
I did read his findings and decided to invest anyways. I am a very direct person and I do apologize if I misunderstood what Setrak was saying, however it seemed he was attempting to smear my business sense. I do believe I have provided substantial information, more than many of the other bonds and IPO's I have seen on the MD.
Originally by: Jadun
yo ho
i believe you are doing quite a few things wrong if you got Liquid ISK-853,078,988.13 as a trader.
also you should have done a audit before even starting so called ipo.
500 mil is donot make sence as a start up. please explain why you choose this mini amount which you should be able to earn by yourself faster without the hassel of a ipo.
My liquid ISK is very high because I hadn't logged on yet today and most of my orders had from last night :) Back down to about 75 mill.
The reason I chose 500 mill is because I believe it is an amount that I will be able to handle. I want to get my foot in the door so I can understand and learn about running a public offerings.
Originally by: SetrakDark
lol and buying a character for 4b gtfo here
Since when is buying a character for 4b against the rules? I am curious why you are attempting to completely dismiss me. Again if you would like to post something constructive do so, if not move along.
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Professor Leech
Transmetropolitan
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Posted - 2010.03.24 04:27:00 -
[8]
So you have a 4B isk character and 1b invested in Atima. Why did you invest instead of expanding? Why aren't you funding this with the capabilities of your other character?
Originally by: Crawe DeRaven
this thread is obviously going places
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Legende
Two Brothers Mining Corp.
R.A.G.E
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Posted - 2010.03.24 04:37:00 -
[9]
Originally by: Professor Leech
So you have a 4B isk character and 1b invested in Atima. Why did you invest instead of expanding? Why aren't you funding this with the capabilities of your other character?
A legitimate question indeed. After tying up 5 billion, it's hard to see why you would be attempting to secure a 500 million bond. And am I reading this right? Only 3 weeks maturity on it? This bond makes no sense at all given your clear ability to put forth much more money than a measly 500m.
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 04:44:00 -
[10]
Originally by: Professor Leech
So you have a 4B isk character and 1b invested in Atima. Why did you invest instead of expanding? Why aren't you funding this with the capabilities of your other character?
TBH I am tired of missioning. I purchased the character in order to engage in some 0.0 pvp, and undertaking I now realize is very expensive if your new to fleet fights :P. As I stated before I am using this IPO to further understand the complicated and intricate economy Eve has to offer. The MD has always intrigued me and I would like to add to it as much as possible, and giving a place for the wealthier players to invest seemed like the perfect way to get started.
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SetrakDark
DarkCorp Holdings
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Posted - 2010.03.24 04:52:00 -
[11]
Originally by: Alycium Banko
TBH I am tired of missioning. I purchased the character in order to engage in some 0.0 pvp, and undertaking I now realize is very expensive if your new to fleet fights :P.
How's your orca holding up in those cap fights?
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 04:56:00 -
[12]
Originally by: SetrakDark
Originally by: Alycium Banko
TBH I am tired of missioning. I purchased the character in order to engage in some 0.0 pvp, and undertaking I now realize is very expensive if your new to fleet fights :P.
How's your orca holding up in those cap fights?
Seeing as I didn't purchase a pure orca pilot my geddon is holding up wonderful. I did not purchase that character, i instead purchased a character by the name of Jaytoo. Anything else?
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cosmoray
Bella Vista Holdings Corp
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Posted - 2010.03.24 04:56:00 -
[13]
Why are you trying to raise 500M at 24% per month,
when you have invested 1B at 6% per month?
You are losing money on that 1B.
Cash out the 1B and use that.
Economics 101
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Professor Leech
Transmetropolitan
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Posted - 2010.03.24 04:56:00 -
[14]
Originally by: Alycium Banko
As to the 3 week maturity date, what is wrong with it? 12% interest in 3 weeks seems like a pretty nice turn around.
You stated that there is more information than most IPOs. However, there are one or two unclosed characters, you aren't posting with your main, have out goings on fleet combat, and there is no collateral offered. Although you orca/transport ship/exhumer pilot would appear to have no ships to fly if that is the case.
Originally by: Crawe DeRaven
this thread is obviously going places
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Professor Leech
Transmetropolitan
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Posted - 2010.03.24 05:00:00 -
[15]
Originally by: Alycium Banko
I purchased the character in order to engage in some 0.0 pvp,
Originally by: Alycium Banko
I did not purchase that character, i instead purchased a character by the name of Jaytoo.
Why does your story keep changing?
Originally by: Crawe DeRaven
this thread is obviously going places
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 05:02:00 -
[16]
Edited by: Alycium Banko on 24/03/2010 05:04:50
Originally by: Professor Leech
Originally by: Alycium Banko
As to the 3 week maturity date, what is wrong with it? 12% interest in 3 weeks seems like a pretty nice turn around.
You stated that there is more information than most IPOs. However, there are one or two unclosed characters, you aren't posting with your main, have out goings on fleet combat, and there is no collateral offered. Although you orca/transport ship/exhumer pilot would appear to have no ships to fly if that is the case.
Well firstly this is the character I will be doing the trading on. Investments will not leave this character and there will be no direct interaction with my pvp alt. Not sure where you are getting there is more than 2 characters. Orca/transport pilot or whatever you are talking about is besides the point. If I was going to be using Jaytoo in this operation I would have disclosed him as an alt, he won't be used whatsoever.
Originally by: Professor Leech
Originally by: Alycium Banko
I purchased the character in order to engage in some 0.0 pvp,
Originally by: Alycium Banko
I did not purchase that character, i instead purchased a character by the name of Jaytoo.
Why does your story keep changing?
My story hasn't changed at all. Instead I am left attempting to explain myself whilst you all rapid fire accusations at me.
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Legende
Two Brothers Mining Corp.
R.A.G.E
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Posted - 2010.03.24 05:08:00 -
[17]
If you want to rep grind, just say you want to rep grind... all this dancing around with the story is just muddying the water.
Yes 12% in 3 weeks is a decent turn, but it's a usual offering. Yes 500m is a small starting principle but it's far less than you are capable of. No, buying characters is not a crime but you aren't disclosing much information and failing to clarify which was or wasn't bought in the past.
Cosmo is correct, you are losing money on this if you are paying out 12% but only making 6% on your other investment. If you need the money legitimately and expect a 4% weekly turn on it, you need to pull that money out of a fund only gathering you a 1.5% weekly return.
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Frenden Dax
Dax Acquisitions
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Posted - 2010.03.24 05:08:00 -
[18]
Originally by: Alycium Banko
I am using this IPO to further understand the complicated and intricate economy Eve has to offer. The MD has always intrigued me and I would like to add to it as much as possible, and giving a place for the wealthier players to invest seemed like the perfect way to get started.
All my alarm bells went off simultaneously when I read that. If anyone's wondering why, then they haven't been around MD long enough.
I could dissect your offering but I've found that well-reasoned and point-by-point arguments are usually wasted here. Still, since I don't want to end up trolling like Ray or Treelox do nowadays, I'll point out this little one detail.
If you have daily turnover in excess of 800m, and are making a 10% profit (which is easily obtainable), then you are making 80m a day. In six days you will have gained 500m. There is thus no reason to take on this bond, unless you are rep-grinding or planning to scam.
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 05:08:00 -
[19]
Originally by: cosmoray
Why are you trying to raise 500M at 24% per month,
when you have invested 1B at 6% per month?
You are losing money on that 1B.
Cash out the 1B and use that.
Economics 101
Math is hard isn't it. 4% weekly=16% monthly.
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Professor Leech
Transmetropolitan
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Posted - 2010.03.24 05:09:00 -
[20]
Originally by: Alycium Banko
My story hasn't changed at all. Instead I am left attempting to explain myself whilst you all rapid fire accusations at me.
You don't sound very satisfied with engaging MD, which is one of your stated objectives.
In the time you are spending on this thread you could rat up a couple of hauler spawns and cover the isk yourself without paying interest.
Originally by: Crawe DeRaven
this thread is obviously going places
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Thoraemond
Minmatar
Far Ranger
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Posted - 2010.03.24 05:12:00 -
[21]
Originally by: Alycium Banko
This character was born on March 3rd of this year, with its primary role being a station trader and a secondary role as a hauler for inter-regional trading.
This careful wording makes it look like there are other characters / account that are purposefully not being mentioned.
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.
It's not from this thread, but I'm sure you recognize your own words. Here in this thread's OP, you mention auditing, but only as a possibility that you expressly want to avoid.
Why would you not follow your own obvious, relevant advice?
á
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cosmoray
Bella Vista Holdings Corp
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Posted - 2010.03.24 05:16:00 -
[22]
Originally by: Alycium Banko
Originally by: cosmoray
Why are you trying to raise 500M at 24% per month,
when you have invested 1B at 6% per month?
You are losing money on that 1B.
Cash out the 1B and use that.
Economics 101
Math is hard isn't it. 4% weekly=16% monthly.
Yep apparently it is.
But 16% is still a lot more than 6, last time I checked.
You earn 60M ISK off 1B invested in Atima
You pay out 80M at 16% in your bond.
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Alycium Banko
Science and Trade Institute
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Posted - 2010.03.24 05:17:00 -
[23]
Edited by: Alycium Banko on 24/03/2010 05:20:13
Originally by: Frenden Dax
Originally by: Alycium Banko
I am using this IPO to further understand the complicated and intricate economy Eve has to offer. The MD has always intrigued me and I would like to add to it as much as possible, and giving a place for the wealthier players to invest seemed like the perfect way to get started.
All my alarm bells went off simultaneously when I read that. If anyone's wondering why, then they haven't been around MD long enough.
I could dissect your offering but I've found that well-reasoned and point-by-point arguments are usually wasted here. Still, since I don't want to end up trolling like Ray or Treelox do nowadays, I'll point out this little one detail.
If you have daily turnover in excess of 800m, and are making a 10% profit (which is easily obtainable), then you are making 80m a day. In six days you will have gained 500m. There is thus no reason to take on this bond, unless you are rep-grinding or planning to scam.
God I really do love all the fire I have instantly taken. I created this bond to give people somewhere to invest. If you aren't interested in investing then move on. Frenden your so called alarm bells may be faulty, and if you really do have well-reasoned and point-by-point arguments please feel free to do so. So far nothing in this thread has been constructive.
Originally by: Thoraemond
Originally by: Alycium Banko
This character was born on March 3rd of this year, with its primary role being a station trader and a secondary role as a hauler for inter-regional trading.
This careful wording makes it look like there are other characters / account that are purposefully not being mentioned.
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.
It's not from this thread, but I'm sure you recognize your own words. Here in this thread's OP, you mention auditing, but only as a possibility that you expressly want to avoid.
Why would you not follow your own obvious, relevant advice?
What a waste of your time posting here. There is 1 character on this account. 1 character on my pvp account making for 2 characters total. If I wanted to hide in the shadows I wouldn't have bothered even attempting to create this IPO. I am clearly not avoiding an audit seeing as I said I would be more than happy to undergo an audit, but as stated I would prefer to get the operation underway.
Originally by: cosmoray
Yep apparently it is.
But 16% is still a lot more than 6, last time I checked.
You earn 60M ISK off 1B invested in Atima
You pay out 80M at 16% in your bond.
I'm still not sure what you are trying to get at. Just because I am only making 60M ISK from Atima's operation doesn't mean I am loosing money. ISK that isn't being used is loosing money, unless I am completely wrong I do believe I am still making money either way, and the fact that interest gained from Atima's bond nearly covers the coupon for this IPO I see that as added guarantee for investors.
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Lucifer's Ghost
Minmatar
Native Freshfood
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Posted - 2010.03.24 05:20:00 -
[24]
Originally by: Alycium Banko
PS: Trolls need not post. If you are interested in this venture let me know, if not, move along.
But but but.... this is Trolls in Space didn't you KNOW that already?
--------------------------------------------------
Real Men Pod Tank |
Legende
Two Brothers Mining Corp.
R.A.G.E
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Posted - 2010.03.24 05:26:00 -
[25]
Originally by: Alycium Banko
So far nothing in this thread has been constructive.
I hope you're joking, most posts so far have been fairly constructive in teaching you how MD works. These guys do their homework and are quick to point out inconsistencies and oddities in an offer, of which yours has many. The more you have, the less likely you are to honor the agreement. You may be 100% honorable but no one here knows that.
12% on 500m is 60m in a 3 week period... you aren't doing any favors to anyone here by offering this opportunity to invest. Investing isn't overly profitable for the investor until you've reached multiple billions invested at a 6%+ return.
People ask for 500m bonds because they need the money (which you don't), not simply to give someone something to invest in. Or they are rep grinding, which sounds like what you are trying to do but you've yet to just come out and say it so the chances of getting the money at this point are much more slim.
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Professor Leech
Transmetropolitan
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Posted - 2010.03.24 05:29:00 -
[26]
Edited by: Professor Leech on 24/03/2010 05:31:09
Originally by: Alycium Banko
I created this bond to give people somewhere to invest. If you aren't interested in investing then move on. Frenden your so called alarm bells may be faulty, and if you really do have well-reasoned and point-by-point arguments please feel free to do so. So far nothing in this thread has been constructive.
I'm still not sure what you are trying to get at. Just because I am only making 60M ISK from Atima's operation doesn't mean I am loosing money. ISK that isn't being used is loosing money, unless I am completely wrong I do believe I am still making money either way, and the fact that interest gained from Atima's bond nearly covers the coupon for this IPO I see that as added guarantee for investors.
Well pardon me for being constructive and asking prudent questions.
This is the second time you have tried to dismiss these queries in an attempt to avoid potential marks from not getting suckered in. I told you to stop doing that before but given that you are doing it for the second time, and that it is evident that you are lying this is just a terrible scam.
If this genuinely wasn't a scam I wouldn't invest in someone who is not sure who their own characters are, thinks they are making isk when they are losing it, and then uses my pet hate of "loosing".
Originally by: Crawe DeRaven
this thread is obviously going places
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Frenden Dax
Dax Acquisitions
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Posted - 2010.03.24 05:33:00 -
[27]
Originally by: Professor Leech
my pet hate of "loosing".
I'm not sure which I hate more, people who say 'loosing' and mean 'losing', or people who spell 'rogue' as 'rouge'.
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Dzil
Caldari
SafeHouse Investments of Tautology
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Posted - 2010.03.24 05:38:00 -
[28]
Quote:
So far nothing in this thread has been constructive.
That's simply not true.
You're throwing money left and right showing that you have absolutely no need to borrow 500m.
You also have plenty of ways you could collateralize it.
The bottom line is, MD needs pointless scam investments like Jita needs another guy offering to double your isk. If we wanted an opportunity to sink money in something and probably never see it again, the need is already covered. They're called lotteries.
Dzil's Corp Sales - 200m |
Alycium Banko
Science and Trade Institute
|
Posted - 2010.03.24 05:49:00 -
[29]
Edited by: Alycium Banko on 24/03/2010 05:51:13
Originally by: Professor Leech
Edited by: Professor Leech on 24/03/2010 05:31:09
Originally by: Alycium Banko
I created this bond to give people somewhere to invest. If you aren't interested in investing then move on. Frenden your so called alarm bells may be faulty, and if you really do have well-reasoned and point-by-point arguments please feel free to do so. So far nothing in this thread has been constructive.
I'm still not sure what you are trying to get at. Just because I am only making 60M ISK from Atima's operation doesn't mean I am loosing money. ISK that isn't being used is loosing money, unless I am completely wrong I do believe I am still making money either way, and the fact that interest gained from Atima's bond nearly covers the coupon for this IPO I see that as added guarantee for investors.
Well pardon me for being constructive and asking prudent questions.
This is the second time you have tried to dismiss these queries in an attempt to avoid potential marks from not getting suckered in. I told you to stop doing that before but given that you are doing it for the second time, and that it is evident that you are lying this is just a terrible scam.
If this genuinely wasn't a scam I wouldn't invest in someone who is not sure who their own characters are, thinks they are making isk when they are losing it, and then uses my pet hate of "loosing".
I have answered everyone of your "queries". Professor Leech, if you are an all knowing MD elite then why not go about helping a new offering by being constructive and maybe posting things that I would do differently rather than automatically assuming I am a scammer.
This is a sad day for me, I truly did believe there were friendly faces on the MD. Well its back to the drawing board I spose. I still cannot believe I was shot down so quickly. I attempted to answer all of the questions you brought forward but the longer I spent reading them the more downhill everything went. Pretty funny however the entirety of the MD regulars attempted to cut down my offering and were met with a brick wall of truth at every turn.
Originally by: Frenden Dax
Originally by: Professor Leech
my pet hate of "loosing".
I'm not sure which I hate more, people who say 'loosing' and mean 'losing', or people who spell 'rogue' as 'rouge'.
Why are you still here?
Originally by: Dzil
Quote:
So far nothing in this thread has been constructive.
That's simply not true.
You're throwing money left and right showing that you have absolutely no need to borrow 500m.
You also have plenty of ways you could collateralize it.
The bottom line is, MD needs pointless scam investments like Jita needs another guy offering to double your isk. If we wanted an opportunity to sink money in something and probably never see it again, the need is already covered. They're called lotteries.
Lets be honest here. 4b ISK total has been "thrown around" as you so elegantly put it is nothing to most of the MD, but to me that was an entire month running missions. I may not know everything there is to know about this game, but how is someone supposed to learn if they don't jump right in.
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Thoraemond
Minmatar
Far Ranger
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Posted - 2010.03.24 05:49:00 -
[30]
Originally by: Alycium Banko
What a waste of your time posting here. There is 1 character on this account. 1 character on my pvp account making for 2 characters total. If I wanted to hide in the shadows I wouldn't have bothered even attempting to create this IPO. I am clearly not avoiding an audit seeing as I said I would be more than happy to undergo an audit, but as stated I would prefer to get the operation underway.
Let's agree that I'm wasting my time. (That is something I expect of my gaming time, after all.) That's not a bar to you benefiting from my observations and questions.
For example, your clarification that you have only two accounts and that each has only one pilot establishes some basic information that an auditor will be able to check into when reviewing your accounts. It's more concrete that what you had posted previously. That's helpful.
Something that an auditor will not be ale to help you with directly is the tone of your responses in this thread, and the lack of substance in some of them. These factors increase my doubt that this offering truly represents a magnanimous (albeit miniscule) gesture for the benefit of the investing public ('I created this bond to give people somewhere to invest'). Of course, you could still change my mind, and I do have ISK to invest if I am convinced.
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