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Mr Bushar's Bond Run #1: 100M bonds, 30d, 15% interest

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Mr Bushar Myron Gainez 0	Posted - 2012.07.16 14:58:00 - [1] - Quote Hi everyone, I am offering bonds with the following terms: Bond Face Value 100M per Bond Bond Limit per Person Each person may purchase up to five bonds for this run Bond Repayment Terms The bonds will be repaid the following month on the same day. Daily proration will not be taken into consideration. Bond Issuance Date I am offering a flexible arrangement. You can purchase bonds at any time and the repayment terms will be honoured. Bond Interest Rate 15% per month for each bond Late Payments Late payments are not expected. In the case of a late payment, you will receive an additional 1% interest payment on the principal per day under this agreement. How to Subscribe for a Bond You must: - Send me an in-game mail with the amount - Wire the ISK to Mr Bushar on the same day you are sending the mail You could also: - Post in this thread with the total amount and any other information Background Information, Risks, Etc... I have played Eve several years ago when the game was fairly young. I quit as the game did not interest me in general, but came back as I found a great interest in trading and operating a financial institution. In real life, I work for a large audit firm. I have a good understanding of business and finances. I also teach tutorial classes part time for accounting and audit courses in University. I understand that this is a risky bond, and as such, 15% interest (above and beyond what will be offered in subsequent bond runs) is offered. Risks: - I am not well known in the community and my account and character are fairly new. - There is always the risk of fraud. My level of integrity is very high, and I would liquidate everything I had to repay all the loans if it came down to it, but at the end of the day only I know that about myself. Risk Mitigators: - The business I will be running is very low risk; Essentially, I am station trading. I started with a capital of 100M, and a zero-interest two week loan of 400M from my real life friend. In two days, I am up to 720M total asset worth (before 400M liability), with a total of 1.8B asset turnover. I am good at what I do, and my style of trading (items, quantities, diversification levels, cash management, etc...) shall remain undisclosed except for the fact that station trading is my only business activity. I will continually update this thread when bonds are issued and repaid, as well as providing business activity reports. Anonymous bonds are not allowed, I will publicly announce every bond holder's name, funds received, date received, funds due, funds paid, and date paid.
Bad Bobby Bring Me Sunshine 91	Posted - 2012.07.16 15:39:00 - [2] - Quote It is an extreme gamble investing 100m+ in a 3 day old character. From our point of view you have nothing to lose by defaulting as you have no reputation to burn and your character is essentially worthless. As you haven't submitted to an audit to verify any of your claims they must all be taken on blind trust. We have no proof that you are capable of trading and therefore no proof that you are capable of generating the required interest. You offer no collateral and probably have none to offer. You probably have little to fall back on should your plan fail in a legitimate way. You haven't put a great deal of effort in to this. If you are honest, then you are also naive and overly hasty. If you are dishonest, then you can add lazy to that list. 15% interest does not justify the risk at all. No amount of interest really could justify it.
Darth Tickles Dark Sun Consortium 676	Posted - 2012.07.16 15:43:00 - [3] - Quote Did you really think you were being clever with this whole "attack audits->offer bond" scheme? Talk about being painfully transparent. I am glad you wasted a whole bunch of time and effort on :words: for your hilariously awful scheme. That always brings me some measure of joy. See you on the next alt.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 15:44:00 - [4] - Quote Bad Bobby wrote: It is an extreme gamble investing 100m+ in a 3 day old character. From our point of view you have nothing to lose by defaulting as you have no reputation to burn and your character is essentially worthless. As you haven't submitted to an audit to verify any of your claims they must all be taken on blind trust. We have no proof that you are capable of trading and therefore no proof that you are capable of generating the required interest. You offer no collateral and probably have none to offer. You probably have little to fall back on should your plan fail in a legitimate way. You haven't put a great deal of effort in to this. If you are honest, then you are also naive and overly hasty. If you are dishonest, then you can add lazy to that list. 15% interest does not justify the risk at all. No amount of interest really could justify it. Perfectly understandable, and at this point, I would agree that the risk is almost a gamble. I am not going to disagree with you. The offer, however, still stands for people willing to accept this level of risk. The bond principal and 15% interest will be repaid, and I plan on building a reputation of full and timely repayments.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 15:49:00 - [5] - Quote Darth Tickles wrote: Did you really think you were being clever with this whole "attack audits->offer bond" scheme? Talk about being painfully transparent. I am glad you wasted a whole bunch of time and effort on :words: for your hilariously awful scheme. That always brings me some measure of joy. See you on the next alt. I can see how you think it's a scheme. Any reasonable person could agree with that. My view of the state of auditing in this game came from a couple days of reading the market forums and relating the "audits" to my real life experience. My view still stands that audits in this game provide almost no assurance, and this opinion is unrelated to my trading activities.
Bad Bobby Bring Me Sunshine 91	Posted - 2012.07.16 15:54:00 - [6] - Quote Mr Bushar wrote: Perfectly understandable, and at this point, I would agree that the risk is almost a gamble. It's worse than that. If someone was to invest in you, regardless of wether you go on to honor your word, it's an open invite to anyone in EVE to create an alt and come to MD with a carbon copy of your proposal. It would be irresponsible for anyone to invest in you, regardless of the direct outcome from this bond.
Cebraio Starfire Oasis 165	Posted - 2012.07.16 15:55:00 - [7] - Quote Considering that making alts in EVE is awfully easy, I really don't understand why you post an anti-audit campaign with this character and then a bond afterwards, if you were trying to land a scam. This can only mean that A) you are stupid and failing at scamming, or B) are actually honest and just stated your opinion there. Either way, I'm not going to risk losing anything here. No collateral, no audit, no history, no reputation, not even the (in-game) skills for trading. It's not worth trying my luck and trusting you on this, not even over 100m.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 15:58:00 - [8] - Quote Bad Bobby wrote: Mr Bushar wrote: Perfectly understandable, and at this point, I would agree that the risk is almost a gamble. It's worse than that. If someone was to invest in you, regardless of wether you go on to honor your word, it's an open invite to anyone in EVE to create an alt and come to MD with a carbon copy of your proposal. It would be irresponsible for anyone to invest in you, regardless of the direct outcome from this bond. I don't understand - what is wrong with anyone in eve coming to MD and creating a proposal? It's called free choice, if someone wants to invest in risky bonds for higher returns, let them. If that is not your personal strategy, then nobody is forcing you to invest. Even if this bond run is not successful, I will create another several months later after I have built a reputation. I am seeking financing to help me grow faster, and will provide higher returns accordingly.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 15:59:00 - [9] - Quote Cebraio wrote: Considering that making alts in EVE is awfully easy, I really don't understand why you post an anti-audit campaign with this character and then a bond afterwards, if you were trying to land a scam. If I was trying to land a scam, I would post on a different character than the one I used to express my views on audits, which, by the way, still stand. This is my main and only character, as I am a returning eve player. Cebraio wrote: Either way, I'm not going to risk losing anything here. No collateral, no audit, no history, no reputation, not even the (in-game) skills for trading. It's not worth trying my luck and trusting you on this, not even over 100m. That is perfectly fine :)
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 16:07:00 - [10] - Quote Results of Operations so far: http://i.imgur.com/Wnj6X.png
Kailean Caldari Provisions Caldari State 9	Posted - 2012.07.16 16:09:00 - [11] - Quote Mr Bushar wrote: Even if this bond run is not successful, I will create another several months later after I have built a reputation. Yeah, that didn't make any warning bells go off for me at all.
Bad Bobby Bring Me Sunshine 91	Posted - 2012.07.16 16:11:00 - [12] - Quote Mr Bushar wrote: I don't understand - what is wrong with anyone in eve coming to MD and creating a proposal? It would fill the forum with scams which would overwhelm the legitimate offerings and further discourage people from comming here to invest their isk. This would be bad both for the legitimate MD community and the harder working scammers. Essentially a public relations disaster. Mr Bushar wrote: It's called free choice, if someone wants to invest in risky bonds for higher returns, let them. That isn't free choice, it's an over-abundance of expensive choices.
Bad Bobby Bring Me Sunshine 91	Posted - 2012.07.16 16:12:00 - [13] - Quote Mr Bushar wrote: Results of Operations so far: http://i.imgur.com/Wnj6X.png If someone braver than I want's to click that link, do let us all know what you find.
CorInaXeraL Order of the Silver Dragons Silver Dragonz 40	Posted - 2012.07.16 16:20:00 - [14] - Quote Bad Bobby wrote: Mr Bushar wrote: Results of Operations so far: http://i.imgur.com/Wnj6X.png If someone braver than I want's to click that link, do let us all know what you find. Looks like a basic spreadsheet that simply compares ISK invested, ISK gained from sales, Net Profit, and % of investments returned through sales. Looks like there's links in the spreadsheet to do 1-day, 7-day, and 1-month, as well as current month comparisons, nothing earth-shattering though. 13.69% profit from $1,742,572.145 isk invested ($281,001.067 isk profit) from an overall return of $1,928,422.629 isk in sales. Though, without the API wallet verification, it's simply numbers on a spreadsheet, which anyone can type in.
Kailean Caldari Provisions Caldari State 10	Posted - 2012.07.16 16:21:00 - [15] - Quote Bad Bobby wrote: Mr Bushar wrote: Results of Operations so far: http://i.imgur.com/Wnj6X.png If someone braver than I want's to click that link, do let us all know what you find. It's just a spreadsheet.
Cebraio Starfire Oasis 165	Posted - 2012.07.16 16:22:00 - [16] - Quote Bad Bobby wrote: Mr Bushar wrote: Results of Operations so far: http://i.imgur.com/Wnj6X.png If someone braver than I want's to click that link, do let us all know what you find. Numbers. Lots of them. Black numbers on white background. Some even have green background, indicating growth. Looks legit.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 16:23:00 - [17] - Quote It's a screenshot from the N.E.A.T tool, found under the Eve Tools at EveMarketeer.com The data is gathered directly from my API.
Bad Bobby Bring Me Sunshine 91	Posted - 2012.07.16 16:37:00 - [18] - Quote Kailean wrote: Bad Bobby wrote: Mr Bushar wrote: Results of Operations so far: http://i.imgur.com/Wnj6X.png If someone braver than I want's to click that link, do let us all know what you find. It's just a spreadsheet. Shame, I was hoping for Rick Astley.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 16:37:00 - [19] - Quote More operating results from Eve Nexus http://i.imgur.com/NbcwD.png http://i.imgur.com/pz2l1.png
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 16:38:00 - [20] - Quote Bad Bobby wrote: Kailean wrote: Bad Bobby wrote: Mr Bushar wrote: Results of Operations so far: http://i.imgur.com/Wnj6X.png If someone braver than I want's to click that link, do let us all know what you find. It's just a spreadsheet. Shame, I was hoping for Rick Astley. At this point, you can stop trolling in my thread. Thanks.
Bad Bobby Bring Me Sunshine 96	Posted - 2012.07.16 16:50:00 - [21] - Quote Mr Bushar wrote: At this point, you can stop trolling in my thread. Well that's sure to work isn't it. Please allow me to offer you a piece of advice: Stop digging.
Blueprint Seller 17	Posted - 2012.07.16 16:57:00 - [22] - Quote Thread petitioned, it belongs in Jita local.
David Forge Forge Enterprises 121	Posted - 2012.07.16 16:59:00 - [23] - Quote It's so hard to believe that a scam could be executed this poorly that it sort of leads one to believe that this really is just an inexpertly attempted bond offering/lecture on audits. You are faced with the decision of not investing because the player is a scammer or the player is not competent.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 17:00:00 - [24] - Quote David Forge wrote: It's so hard to believe that a scam could be executed this poorly that it sort of leads one to believe that this really is just an inexpertly attempted bond offering/lecture on audits. You are faced with the decision of not investing because the player is a scammer or the player is not competent. 1. Not a scammer 2. Perfectly acceptable bond offering that will be honoured 3. A lot of people seemed to need a lecture on audits, I figured I would contribute with my knowledge and do the community a little favour
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 17:04:00 - [25] - Quote Blueprint Seller wrote: Thread petitioned, it belongs in Jita local. Post petitioned for trolling. If you are not interested in investing, you don't have to, get out of my thread. I will be using this thread to: 1) Provide weekly updates on operating results 2) Provide updates to a list of bond holders which will be fully disclosed If CCP offered the service, I would agree that they confirm that this is my only active account.
Blueprint Seller 17	Posted - 2012.07.16 17:06:00 - [26] - Quote Mr Bushar wrote: Blueprint Seller wrote: Thread petitioned, it belongs in Jita local. Post petitioned for trolling. If you are not interested in investing, you don't have to, get out of my thread. Censorship eh? You spoke in favour of free choice earlier but do not appear to be a supporter of free speech. Telling that.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 17:09:00 - [27] - Quote Blueprint Seller wrote: Mr Bushar wrote: Blueprint Seller wrote: Thread petitioned, it belongs in Jita local. Post petitioned for trolling. If you are not interested in investing, you don't have to, get out of my thread. Censorship eh? You spoke in favour of free choice earlier but do not appear to be a supporter of free speech. Telling that. The only censorship here is you trying to petition my legitimate offer out of these forums. I am not breaking any rules. You, on the other hand, are.
CorInaXeraL Order of the Silver Dragons Silver Dragonz 41	Posted - 2012.07.16 17:10:00 - [28] - Quote Out of idle curiosity, how many 'bonds' are available? Per-person is 5@100m/each, but what is the cap on this bond? 1b? 2b? Eleventy-B?
Caelis Boirelle Aurora Investments 3	Posted - 2012.07.16 17:10:00 - [29] - Quote Having just read your audit bashing thread and now this one I'm convinced there is one of the following two things going on here: 1) Some sort of incredibly clever next-level meta-gaming scheme to swindle people out of their money by hiding your REAL dastardly plan behind a rather pathetic one OR 2) You really didn't think this through particularly well So unless you really are as cunning as a fox who's just been appointed Professor of Cunning at Oxford University, I'd give up and go home if I were you. But seriously, posting for a bond on a three day old alt having just posted only half an hour previously a long thread about the value of audits which basically tells everyone to "go with their gut" . . . anyone who hands you their money deserves to loose it to be honest. Oh, and the spreadsheet screencaptures were cute. Really made my day.
Mr Bushar Myron Gainez 0	Posted - 2012.07.16 17:15:00 - [30] - Quote CorInaXeraL wrote: Out of idle curiosity, how many 'bonds' are available? Per-person is 5@100m/each, but what is the cap on this bond? 1b? 2b? Eleventy-B? The per-person cap is 500M. There is set cap because I do not believe it to be necessary for the first bond run, as I do not expect too many investors due to the unusual nature and risk of this offering. If more investors than I expected are interested, I will shut the offering down at 2B for this run.

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