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Thread Statistics | Show CCP posts - 1 post(s) |
SetrakDark
Northstar Cabal
R.A.G.E
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Posted - 2010.06.24 20:26:00 -
[1]
Makes perfect sense to me. The difference between firesale and maximum price could be 5-10b or 15-30%. I would use an alternate 3rd party, Grendell comes to mind; collateralize with the ships at a conservative firesale value; sellout 3% bonds in < 24 hours; and then buy back bonds as you sell ships.
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SetrakDark
Northstar Cabal
R.A.G.E
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Posted - 2010.06.25 21:29:00 -
[2]
Edited by: SetrakDark on 25/06/2010 21:29:35
 Originally by: Count MonteCarlo
a Utu is capable of tackling at 75k while a freki can web at 44k, also the Utu is capable of fitting 10mn AB along with a mwd, goes 5.7km/s with the overloaded AB with 28 sig radius, although you need to use the mwd in cohesion with the AB to avoid the agility problems a 10mn AB would bring
*splo.oge
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SetrakDark
Northstar Cabal
R.A.G.E
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Posted - 2010.06.26 01:30:00 -
[3]
Originally by: Varo Jan
So that does put you in a position to set an initial market price. However, while you may wish to sell them for 30B, at the end of the day the market will decide the price, and that could be less or more. Because it could be less, more ships would need to be provided to satisfy investors that the offering is fully collateralised. Presumably 7 or so ships won't be a problem for you as you intend to keep the majority.
Because BB is a member of your alliance, he should not hold the collateral. That ensures total transparency.
BB can obtain funds at 3% because he has established a business reputation. Hydra clearly has a reputation on the battlefield, but has no reputation when it comes to raising funds. Saying you need the money to repay out of pocket members makes your case worse as it gives the impression the alliance has run out of money. So if you proceed with a bond in the alliance's name, 3% would not be warranted. If BB takes the bond out in his own name, 3% would be warranted but the ships would have to be held by another trusted party.
Agreed.
Originally by: Varo Jan
Finally, this bond cannot be raised until the ships are in your hands. So why not just do an advance auction and have done with it? Cash received from the auction would be held by an independent third party pending delivery of the ships.
Excellent advice. No reason not to take pre-orders or early auctions. Might, as suggested, avoid the need for a bond altogether or at least some amount. No reason to assume you won't get an optimal price.
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SetrakDark
Northstar Cabal
R.A.G.E
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Posted - 2010.06.27 08:53:00 -
[4]
These are reservations for large sums on an indeterminate future date, so I would overbook by a substantial reserve list.
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SetrakDark
Northstar Cabal
R.A.G.E
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Posted - 2010.09.03 11:57:00 -
[5]
Edited by: SetrakDark on 03/09/2010 11:58:15
As investors you would hope they default on this bond, considering even at fire sale value your collateral is worth at least 150% of your initial investment.
Edit: To not be misinterpreted: this means that they won't default.
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SetrakDark
Northstar Cabal
R.A.G.E
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Posted - 2010.09.04 22:52:00 -
[6]
Originally by: Jypsie
Edited by: Jypsie on 04/09/2010 22:34:10
Revalation that Chribba quit Eve two years ago an RMT'd his character to Bad Bobby in 3...2...
:P
that would be epic
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