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SetrakDark
Northstar Cabal R.A.G.E
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Posted - 2010.07.22 06:10:00 -
[1]
Details
50 100m bonds 1 month duration 4% interest No maximum per person
Who am I?
Some people may recognize me, some may not. I was a regular contributor to the MD forum, though my interest has waned lately. I have been and am still involved in a few MD community projects, as well as operating as a trustee. I have recently moved from regular station trader to tech 2 materials speculator as my wealth grew large enough.
What do I want?
I currently hold 35-40b ISK in various tech 2 materials. I am convinced they will rise in value over the next month. However, I want to buy a JF and 2 plexs (1 for each account), but I don't want to liquidate any of my positions yet.
Why should I be trusted?
I hope that enough people recognize me as a reasonable person (if kind of a jerk). I've never run a bond before and the most I've been entrusted with publicly is about 1.5b, but I'd like to think that I've demonstrated general competence and trustworthiness. I am an active player who values his good name. I have ambitions in my alliance and perhaps also in the finance game. I won't press the point: if enough people trust me, good, if not, that is fine as well.
Audit? Collateral?
I don't want to pay or wait for an audit that will not change the substance of the trust issue in this case. If people want verification that I have the speculation stockpiles, recently trained JF, and have no liquid cash, that can be arranged. Collateral would defeat the purpose of being able to sell at the most opportune time. Basically, I am happy to pay 200m in interest to be able to continue my business as usual for this month.
All comments are welcome. I will answer questions and address concerns as best I can.
People can reserve or just send ISK to this character. I will go ahead with a smaller amount if it doesn't fill, as it still means less stock that I need to sell. Reserves pending something will take lowest priority. If you just send without reserving, please post to avoid overbooking.
Received
Reserved
Reserved Pending...
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Lecherito
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Posted - 2010.07.22 06:45:00 -
[2]
Bored?
-L
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Sebastian Draconis
Draconis Holdings
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Posted - 2010.07.22 07:24:00 -
[3]
I've lurked long enough to recognize you
I'm not liquid enough to give up any money at the moment but good luck with your bond and speculation anyway
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Ji Sama
Caldari Tash-Murkon Prime Industries manufacturing disaster
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Posted - 2010.07.22 07:55:00 -
[4]
Question; What happened to your credit line? Lets say I wanted to use my credit with you right now, could I still do this?
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SetrakDark
Northstar Cabal R.A.G.E
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Posted - 2010.07.22 08:40:00 -
[5]
Originally by: Ji Sama Question; What happened to your credit line? Lets say I wanted to use my credit with you right now, could I still do this?
I had a few billion cash put aside, but I've spent it down on plex and pvp junk over the last 3 months. No one's contacted me for months, so the credit lines slipped my mind. I should have contacted you though, my apologies. In the future, I will just lend to friends free of charge and that's it, so you can hit me up if you need some ISK for a few days and I have cash on hand.
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zz01shagsme
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Posted - 2010.07.22 09:13:00 -
[6]
I really would like to understand bonds, i understand them RL but not sure of how it work in eve.
Am i right in saying i give you 100m and in one month i get 4mil back?
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kiall Toz
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Posted - 2010.07.22 11:51:00 -
[7]
4% interest on what is either a low-sec or null-sec operation with zero collateral seems low considering a lot of newer players get shouted off the MD forums for similar requests
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RAW23
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Posted - 2010.07.22 11:57:00 -
[8]
You had to say Jump Freighter
Could you make an agreement with a collateral holder to sell the collateral on your instruction or are the market windows you are waiting for very short in duration?
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israus
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Posted - 2010.07.22 11:57:00 -
[9]
Originally by: zz01shagsme I really would like to understand bonds, i understand them RL but not sure of how it work in eve.
Am i right in saying i give you 100m and in one month i get 4mil back?
no you give him 100 mil and in 1 month he gives you 104 mil back OR runs off with the lot laughing because theres no collateral
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Chesty McJubblies
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Posted - 2010.07.22 12:08:00 -
[10]
Originally by: israus
Originally by: zz01shagsme I really would like to understand bonds, i understand them RL but not sure of how it work in eve.
Am i right in saying i give you 100m and in one month i get 4mil back?
no you give him 100 mil and in 1 month he gives you 104 mil back OR runs off with the lot laughing because theres no collateral
4% for a month? Seems to me that if you take 100m to Jita, you could make 4m in about 7 minutes.
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Gabriel Virtus
hirr
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Posted - 2010.07.22 12:09:00 -
[11]
4%... no collateral... no name.
Rofl.
-GV
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RAW23
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Posted - 2010.07.22 12:18:00 -
[12]
Originally by: Gabriel Virtus 4%... no collateral... no name.
Rofl.
-GV
You're either being ironic or you haven't been around here long. I suggest eve-search to find some of the 1600 plus posts Setrak has made in the last 10 months. He also runs the MD Audit Fund. Oh, and he is/was (?) a trustee locking down the 150bil of collateral in the One Stop takeover earlier this year. I expect he didn't mention these things in the OP because his modesty got the better of him.
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Gabriel Virtus
hirr
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Posted - 2010.07.22 12:22:00 -
[13]
Edited by: Gabriel Virtus on 22/07/2010 12:25:22
Originally by: Gabriel Virtus 4%... no collateral... no thanks.
Rofl.
-GV
I fixed it. I guess I relied on his posting? His 1600 posts will guard all your monies.
-GV
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israus
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Posted - 2010.07.22 12:34:00 -
[14]
Originally by: Chesty McJubblies
4% for a month? Seems to me that if you take 100m to Jita, you could make 4m in about 7 minutes.
you really don't grasp the concept of loan's and investment do you. the whole point is you take 100m you don't use or can't use effectively because your operations are maxed out. and investing it in another person who can make you a return on that money.
its all about getting a return for just about 0 work on cash which wasn't doing anything anyway. |
Varo Jan
Caravanserai Consulting
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Posted - 2010.07.22 12:55:00 -
[15]
Originally by: RAW23 Setrak is/was (?) a trustee locking down the 150bil of collateral in the One Stop takeover earlier this year.
Setrak still is and will remain a trustee in One Stop. The value of BPOs under lockdown in OS amounts to 140B currently.
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Breaker77
Gallente Reclamation Industries
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Posted - 2010.07.22 14:22:00 -
[16]
Originally by: RAW23 You had to say Jump Freighter
^^^^
Depending on if this is just used to buy a JF or if you are planning on using it during the bond will make a big difference.
Then again if you are just using it to buy the JF why not just wait another month and purchase it
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Grendell
Technologies Unlimited
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Posted - 2010.07.22 14:26:00 -
[17]
If you use 6b of collateral with me, I'd be happy to fill the full bond. You could select any mix of the components you hold as the collateral even mix it with other assets. It would make the payouts that much simpler, with a single investor.
Let me know.
Grendell ♥
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Land0 CaIrissian
Gallente Center for Advanced Studies
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Posted - 2010.07.22 16:24:00 -
[18]
What JF can you fly? Maybe you would be interested in a rent-to-own type situation?
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SetrakDark
Northstar Cabal R.A.G.E
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Posted - 2010.07.22 17:52:00 -
[19]
The "business" is a moon goo stockpile sitting in Jita 4-4 that won't leave. I suppose if I lose my JF I can sulk like a child and not pay back my bond, a reasonable concern, but I know that won't happen. What others believe, I have no further influence over at this point.
4% is low, yes. I have no intention of paying more.
Collateral requests are reasonable, and I may seek a private loan with it if this falls through. This way is better for me though.
This bond is an optimal outcome for me. If it fills, great. If not, then I will seek less optimal options.
Thank you for all the comments, advice, and alternative offers so far.
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Phoebe Halliwel
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Posted - 2010.07.22 18:03:00 -
[20]
You might be able to get this at Alliance level, check the boards for Dracenhoff's IPO.
This may fill here, if so, it sets a bad precedent for other people coming and asking for funds for JFs or other nullsec enterprises which are typically classed as high risk. The "reputation" thing is fair enough, you do have one, if so might be better to try get funding privately. If it fills it's a double standard that will lead to confusion when other people who are less known come to MD asking for funding for exactly the same thing.
Depending on how much you need moving/where I might be able to help anyway, mail me in game if this doesn't go anywhere.
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SetrakDark
Northstar Cabal R.A.G.E
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Posted - 2010.07.23 14:19:00 -
[21]
I'll keep this open for the weekend.
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Lord Arbalest
Northstar Cabal R.A.G.E
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Posted - 2010.07.25 10:50:00 -
[22]
I'll take the entire thing if you haven't found anyone yet. Didn't realise you had a bond open or needed some sponge ISK. Should have asked! :P
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