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zindeen
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Posted - 2010.04.21 04:54:00 -
[61]
Edited by: zindeen on 21/04/2010 04:55:58
200M reserve please, will add no audit needed for me looked around at your past stuff and seems on the up and up
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CrazyArsed Monkey
Minmatar
Un4seen Development
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Posted - 2010.04.21 11:17:00 -
[62]
I will bite for 500m, no audit required for me.
Thank you,
CAM
Stupid men are often capable of things the clever would not dare to contemplate
-Terry Pratchett |
Lord Arbalest
Amarr
Zero Profits
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Posted - 2010.04.21 17:36:00 -
[63]
I have agreed to carry out an audit for Drachlen. Coming soon.
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Lord Arbalest
Amarr
Zero Profits
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Posted - 2010.04.23 02:51:00 -
[64]
Reserved
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Lord Arbalest
Amarr
Zero Profits
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Posted - 2010.04.23 02:52:00 -
[65]
Reserved
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Drachlen
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Posted - 2010.04.23 03:38:00 -
[66]
Lord Arbalest, absolutely fantastic work, extremely thorough and friendly.
He put a lot of work into all of this, so again, thanks a lot.
A few things that obviously have to be pointed out, though:
A conversation did come up regarding my having multiple Zephyrs.. Personally, I cannot remember the case why this would be, the most natural assumption though is that it was an attempt to buy and sell, but again, I have no idea. The point of bringing the Zephyrs up is whether or not I have multiple accounts. I do not. I have a single account, which contains this character and two empty alts who may eventually also have a few trading skills for the purpose of diversifying between regions.
The next issue is the discovery that there is apparently frequent ISK trading that takes place outside of the EVE forums with a character name that is an exact match to mine. Lord Arbalest has confirmed that nowhere in my account has there been any evidence of this being related to me. But again, the point to be noted here is whether or not I have a second account that could facilitate such activities. The simple truth is, I do not.
Basically these two issues boil down to whether investors believe I'm being honest about my account situation.
This will be my third offering here in the forums over the course of months, I feel that this is a relatively large build up with a lot of personal time invested, and see no reason to mislead. I've been trading successfully during all of this time, and as honest and up front as possible. The numbers are there and the facts have been confirmed by multiple trusted sources.
At this point I'd like to give a day or so for any input and reservations (additions or changes).
Thanks again.
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Taram Caldar
Royal Black Watch Highlanders
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Posted - 2010.04.23 04:22:00 -
[67]
Edited by: Taram Caldar on 23/04/2010 04:24:24
Unfortunately due to the information released in the audit. The fact that an audit was initially resisted despite the size of the bond requested and the fact that the OP only has 8.7 million SP on this character despite it being 4 years old (which, even with frequent breaks should have far more) I am going to pass on this offering. Please remove my reservation.
My reasoning on the 8.7 million sp: At 8.7 million SP using the '~1.2mil/month' calculation guestimation for how long the character has been developed this character has only been 'developed' for approximately 6-7 months out of it's 4 years of existance. This indicates to me that there isn't a strong attachment to the game, or the character. The most I'd feel comfortable as a single loan is thus only about 3-4 billion isk based upon his previous bond's success and size.
Add in the fact that we're talking about trading ships when the new patch is due in less than a month and will cause ship prices and cost of manufacturing to become extremely volatile I don't feel it's worth the risk of investing at this time.
Good luck in your bond.
Market Alerts Mailing List |
Roguehalo
Caldari
Resonance Laboratories
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Posted - 2010.04.23 06:09:00 -
[68]
I'm withdrawing my reservation principally because after running a 2b bond the ops nav is still only 2.5b. My advice would be similar to the auditors.......train margin trading skill much higher and go with a much smaller bond.........prove you can make real money before aiming higher. As a former ship trader I can advise that ship trading benefits substantially from margin trading skill since many orders will be comparatively low volume. I'm currently training margin trading lvl5 myself although I'm not actually playing Eve atm.
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Drachlen
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Posted - 2010.04.23 06:29:00 -
[69]
 Originally by: Roguehalo
I'm withdrawing my reservation principally because after running a 2b bond the ops nav is still only 2.5b.
Really? I mean, I've over doubled my NAV, and that was off of 1 month with the 2b bond, not to mention after paying out all of the interest.
Is this unusually low? I've been pretty confident with my trade and I thought this was a pretty significant growth.
Also, margin trading will be landing at level 4 very shortly and it's the focus of my training at the moment.
I can understand now, though, with the use of margin trading that there is less need for as much money as I wanted to raise with this bond.
In regards to the current withdrawn reservations, if I was requesting less ISK, such as 6 billion or so, would there be more interest there?
Obviously I'm willing to do whatever the investors think is most optimal, so any input is definitely appreciated.
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Mme Pinkerton
United Engineering Services
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Posted - 2010.04.23 07:41:00 -
[70]
Edited by: Mme Pinkerton on 23/04/2010 07:48:31
Originally by: Lord Arbalest
The auditee has stated that his name means ôDragonö in German and therefore can be commonly used by others.
That's bull****; "dragon/drake" is "Drache" in German, "Drachlen" is no German word and at best a garbled form of the diminutive "Drachlein/DrSchlein" (little dragon) which is not a common word in German, either (it's just "if you wanted to form a diminutive of "Drache", you would probably do it this way - but in practice nobody does and the word does not exist proper.")
Therefore it is IMO extremely unlikely to be a commonly used nick by gamers - this opinion is backed up by the fact that the vast majority of sites a Google search for "Drachlen" returns seem to refer to the same RL person based on their content (not saying this is the same person as the "Drachlen" on this forum).
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Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2010.04.23 08:21:00 -
[71]
Edited by: Vaerah Vahrokha on 23/04/2010 08:23:00
Quote:
Is this unusually low? I've been pretty confident with my trade and I thought this was a pretty significant growth.
To make a quick comparison: while having so little time that I had to quit my beloved Corporation (I felt like leeching on their successes) and while I am not trading any more (read: less income) my NAV of a simple 2009 character approached something like 15B early this year.
Therefore a NAV of 2.5B is indeed low for the character's age.
Furthermore, bonds etc. NAV are often checked as measure that:
- you are not asking for too much: a 2B NAV character is expected to maybe ask for 1-3B, that is somewhat comparable to his NAV
- NAV is also a measure of the scale of money you are proficient at handling for sure
- NAV is also a measure of "success vs time" even if this comes under the assumption of a frequent player (IE I myself would fall out of the definition, having 1-2H a day to play).
Edit: furthermore, I know of exactly 1 trader who sticked to ships and made very good income with them. But he used some unconventional and advanced strategies.
-
Auditing & consulting
When looking for investors, please read
http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz
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Drachlen
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Posted - 2010.04.23 08:33:00 -
[72]
Originally by: Mme Pinkerton
That's bull****; "dragon/drake" is "Drache" in German, "Drachlen" is no German word and at best a garbled form of the diminutive "Drachlein/DrSchlein" (little dragon) which is not a common word in German, either (it's just "if you wanted to form a diminutive of "Drache", you would probably do it this way - but in practice nobody does and the word does not exist proper.")
Therefore it is IMO extremely unlikely to be a commonly used nick by gamers - this opinion is backed up by the fact that the vast majority of sites a Google search for "Drachlen" returns seem to refer to the same RL person based on their content (not saying this is the same person as the "Drachlen" on this forum).
That's just my understanding. It doesn't make sense to be dishonest about the meaning of the name, anyway. If it makes any difference at all, I came across the name some time ago and basically stole it for use in EVE. Not exactly a gigantic crime, I don't think. I also looked the name up (on google) after this surfaced and found similar results as you (though there are quite a few, so I don't know for sure.)
The point is... I didn't make this statement to say, "Oh look, it's a really common name, I'm scotch free!" or anything of that nature. It's a mind boggling coincidence to see that another EVE related player is using the same handle, and I just don't know what to say about this fact.
Originally by: Vaerah Vahrokha
Therefore a NAV of 2.5B is indeed low for the character's age.
Though, total play time on this character is considerably lower than its age.. Does this factor in? And if you go purely by my trading (which is only a recent interest, just a few months worth) is it really that poor of performance?
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Ms Lilly
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Posted - 2010.04.23 09:22:00 -
[73]
Withdrawing my reservation of 1b. Good luck with your bond. |
Khayos
Caldari
United Enterprise
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Posted - 2010.04.23 09:30:00 -
[74]
Hi
I am a new trader and investor and seeing some of the bigger players jump ship says to me that they have something to worry about, I don't have 100mil to invest somewhere I might lose it and would rather follow some of the bigger players and withdraw my reservation of 100mil. i highly doubt this will be missed anyway with such a low volume.
Thanks and good luck with your venture.
Khayos
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Mme Pinkerton
United Engineering Services
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Posted - 2010.04.23 09:52:00 -
[75]
Edited by: Mme Pinkerton on 23/04/2010 09:52:32
Originally by: Khayos
I don't have 100mil to invest somewhere I might lose it
then stay away from investments altogether - in MD you only have the choice between high risk, very high risk and insanely high risk.
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Khayos
Caldari
United Enterprise
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Posted - 2010.04.23 10:19:00 -
[76]
Hi
Yes I totally understand, I do have 100mil "spare" but don't want to invest in a bad deal. I would be happy to follow some of the more experienced investors and if we all got burnt I wouldn't feel so bad. But following someone who some larger more experienced investors backed out from would be like taking a T1 frigate to a faction BS fight.
:-)
Khayos
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Ji Sama
Caldari
Tash-Murkon Prime Industries
United Corporations Of Modern Eve
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Posted - 2010.04.23 11:32:00 -
[77]
Drachlen i think its about time, you reveal your main :)
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Helmh0ltz
Blue is the New Red
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Posted - 2010.04.23 11:52:00 -
[78]
Right, Drachlen here's my two iskies on the bond offering. Please forgive this analysis if it is not accurate.
To me, if I was looking at this bond to invest,
I would look at the audit and see a couple of gigantic red flags:
1. The zephyr purchase. This may or may not indicate you have another account.
2. The isk seller. The Drachlen that was linked is a frequent seller of isk if you browse through some of his posting history on that site.
3. Appears to be the same person from all google seaches, which leads into the next point.
4. Drachlen Xfire profile shows 1100+hours played on EVE online. Now under IF that is you, there is NO WAY that you could play 1100+ hours on an account and only have 8.7msp.
5. 2b->10b bond offering. This is a huge jump. Scamming for 2b...eh whatever. 10b however is another matter.
All of these individually mean nothing. Combined they throw up all manner of likely horrible endings to this investment. I feel bad for you if it really is just a pure coincidence that there is a guy who plays a lot of EVE and sells isk for other game currencies with your handle and is not you. However, you can understand why this may be an impossible hurdle for some people to overcome.
Tl;dr I have a bad feeling about this bond offering. There's a good chance you are legit, but I completely agree with Lord Arbalest's assessment, "invest what you can afford to lose"
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Drachlen
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Posted - 2010.04.23 12:21:00 -
[79]
Greetings,
Investing what you can afford to lose should be anyone's motto, regardless of the investment, no?
Regardless, there are a lot of really unfortunate circumstances at play here. This is my main, and there's just not a whole lot I can do to prove otherwise. The fact is, my account has two alts on it, as well as this character, which Lord Arbalest has confirmed have had nothing to do with any exchange of money with other players. I couldn't even begin to fund activity like that. It's absolutely unrelated to me and there's not a whole lot else I can say on that matter.
Overall though, I think it's pretty clear that various circumstances combined, most investors are having a change of heart on the matter.
A few things I do want to point out: I have been actively trading since my first offering, I do think I am doing great on that front considering time spent and the resources at play, and I feel I have fairly well proven that.
Since this offering is such a large leap, and since that is a significant concern, is there any interest from investors for a smaller offering? Same rate, slightly modified plan (A bit less emphasis on ships, just because I'll likely end up working in smaller goods with less money at hand) just in the range of 4-6billion ISK?
I'm really doing everything I can here to make this work. Any input on the matter is definitely welcome.
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Taram Caldar
Royal Black Watch Highlanders
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Posted - 2010.04.23 12:25:00 -
[80]
Originally by: Ji Sama
Drachlen i think its about time, you reveal your main :)
When I saw 8.7 mil and 2006 together this is exactly the reaction I had.
Market Alerts Mailing List |
Dethmourne Silvermane
Gallente
Garoun Investment Bank
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Posted - 2010.04.23 13:36:00 -
[81]
Originally by: Dethmourne Silvermane
^^ wrong character.
-I- want to invest 500m, not the toon I decided to look into selling.
I no longer have 500m that I am willing/can afford to invest; it's in my best interests to use that to repay outstanding debt.
Ergo, withdrawing reservation.
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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Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2010.04.23 13:50:00 -
[82]
Quote:
Greetings,
Investing what you can afford to lose should be anyone's motto, regardless of the investment, no?
The quote (borrowed from my audits :D which in turn are borrowed from my RL Forex broker web page) sounds good but people are not worried with that.
They are ok to invest what they can afford to lose but it does not mean they want to invest what they are *likely* to lose.
They do some basic "probability math" keeping in mind how EvE does not punish scammers in any way and those factors together are worrysome.
Quote:
Though, total play time on this character is considerably lower than its age.. Does this factor in? And if you go purely by my trading (which is only a recent interest, just a few months worth) is it really that poor of performance?
Look, I don't mean anything ill to you, I just know how the investors brain generally works and put it down in possibly simplified terms.
I prefer being honest and just debug how the whole process works so you are able to see it and eventually improve your strategy.
You have bad things stacked against you, your new mission is to demolish the bad things, one by one and taking all the time it takes.
-
Auditing & consulting
When looking for investors, please read
http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz
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Dalden V
Blue Lounge Industries
New Eden Research
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Posted - 2010.04.23 13:50:00 -
[83]
I am withdrawing my reservation as well.
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flakeys
DRAMA Inc
OWN Alliance
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Posted - 2010.04.23 15:06:00 -
[84]
You say you only started trade recently.Might i ask what you did before your trade in eve?Be it pvp/missions/mining.
Might i ask what the ships are in your posession?
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JASON W0RTHING
future of humankind
Wayfarer Stellar Initiative
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Posted - 2010.04.23 20:39:00 -
[85]
Originally by: Lord Arbalest
Damn good audit
===
I wonder if this is a bannable offense... |
Seline Gylen
SG Investments
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Posted - 2010.04.24 00:42:00 -
[86]
I'm not convinced + the long time it took to get the audit - I'm withdrawing my 1B.
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zindeen
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Posted - 2010.04.24 05:44:00 -
[87]
Looking at that report I have to wince but that being said I will still keep my 200M in as you did repay the 2b bond my payment will be the same for the current offer or if you make it smaller as it is not much to loose for me and I think you are telling the truth though we will see if I have to eat my words and spend and extra day doing missions or trading to earn it back.
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Drachlen
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Posted - 2010.04.24 06:39:00 -
[88]
Greetings,
I'm just going to keep this post short so the point is not missed:
Is there any interest from investors (either investors who had reserved and now reconsidered) or other readers of this thread for a similar offering at half the size?
Thanks.
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Lani Sun
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Posted - 2010.04.24 07:40:00 -
[89]
Originally by: Drachlen
Greetings,
I'm just going to keep this post short so the point is not missed:
Is there any interest from investors (either investors who had reserved and now reconsidered) or other readers of this thread for a similar offering at half the size?
Thanks.
SCAMMER ALERT< SCAMMER ALERT !!!!!!
Now get out of my MD!
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Roguehalo
Caldari
Resonance Laboratories
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Posted - 2010.04.24 08:01:00 -
[90]
Originally by: Drachlen
Greetings,
I'm just going to keep this post short so the point is not missed:
Is there any interest from investors (either investors who had reserved and now reconsidered) or other readers of this thread for a similar offering at half the size?
Thanks.
This bond offer is dead on it's feet and the best thing you can do is ask for it to be locked and go away and have a rethink.
You have a nav of 2.5b inc the freighter. You don't need the freighter to trade ships so sell it and put your 2.5b to work and see how fast you can turn it into 5b. Demonstrate some commitment to hardcore trading! When Kazuo Ishigoro did an audit for me a couple of years ago he found 7000 journal entries in a week!
When you have 5b if you still feel the need to run a bond then come back here and ask for 5b.
To all those who reckon trading ships is 'risky' I should tell you I made about 35b trading ships in about 8 months. And those 8 months included 7 weeks when I was away walking the Pennine Way, Coast to Coast etc. Those of you with long memories will remember I started with a 1b uncollateralzed loan from Cosmoray(at an extortinate interest rate  )
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