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Machete Visor	Posted - 2010.08.02 21:24:00 - [1] An idea has been burning a hole in my head for the last 3 or 4 days and I've decided to execute on it. I will be launching 3 funds, each with a different strategy, return characteristics and investor type. In total, there are 6 tranches of investments available. First about the funds, then about me 1. Station Trading Opportunity Fund This fund is essentially a recreation of my original first fund (seen here). In brief, it is an actively managed station trading fund that focuses on medium volume/large spread items that are fairly liquid. The fund returns around 100% in a month (2% a day), depending on volume, etc. Equity Size:3B (1B from me, 2B from 3rd parties) Loan Size:4B (all third party) Loan Rate:5% Term of Investments:Perpetual, but tradable in this thread. Investors from my first fund have the option to carry over 50% of their investment into this fund. Otherwise it is first come, first serve. Asset Management Fees:This is an actively managed fund that takes a lot of time every day. It is also very profitable. The management fee will be 3% of assets under management (or 210M per month). Investment Restrictions: No trading at Jita, no minerial or PI investments. Ships/goods under 500M ISK, hauling within 2 jumps of the station or otherwise using fully collateralized couriers. Only trading items with both buys/sells active. Target >10% spread for each product. Q&A: Can the fund afford a 3% AUM fee and 5% interest on 4B? Yes. In my prior fund, the total amount was 7B and generated 3.5B in profit easily each month. With 5% interest on 4B and 3% AUM fee, that is ISK out the door of 410M each month, leaving estimated 3.09B in profits to be sent to equity holders. Why 5% interest rate? There is no risk to principal in the fund from its strategy, frankly 5% is high compared to some of the other offerings I have seen in these forums. The only risk is from fraud, when I will address in section 2. Total 3rd Party Money: 6B 2. High Value Opportunity Fund This fund is a new concept. It will invest only in ships/items worth >500M, mainly through contracts, but some items in stations. The approach is the same as the first fund - spread trading - just more illiquid. Returns on these items can be anywhere from 10% to 100%. Equity Size:2B (1B from me, 1B from 3rd parties) Loan Size:2B (all from 3rd parties) Loan Rate:7%, due to additional strategy risk. Term of Investments: Perpetual, with an optional put from investors & lenders each month. No hauling. No manufacturing, etc. Fees: Fees will be charged at 10% of profits distributed to equity holders. There will be no recurring AUM fee or periodic charges. Only fees on profits, as they are paid. Total 3rd Party Money: 3B 3. Highly Liquid Growth Fund This is an improved version of the fund I launched here. This is a speculative fund that will invest in highly liquid commodities/goods, with the view of profiting from changes in price (i.e., NOT spread trading). ....continued.... (pls do not respond to this message)
Machete Visor	Posted - 2010.08.02 21:42:00 - [2] This fund will invest in highly liquid commodities in Jita. Equity Size: 1B (100M from me, 900M from 3rd parties) Loan Size: 1B Loan Rate: 10% (due to increased risk) Term: 1 month. Then the fund will be wound up and all cash distributed, only to start again. Asset Management Fees: None. My profit will come from the 100M investment. Total 3rd Party Money: 1.9B Grand Total 3rd Party Money: 10.9B Mechanics: Each fund will have a separate corporation. Equity holders will receive shares and dividends. Lenders will be recorded in this thread and paid accordingly. Loan trading can occur in this thread. Equity shares are transferrable in game. 50M min investment for equity, 500M cap for 1 investor in each fund. 100M min for a loan, no cap. About me: I have linked the offerings I've run throughout this post. I will NOT accept any ISK until they are all wrapped up and resolved. I wanted to get this started because it will take some time to setup. I will create two alts to run the 2nd and 3rd fund. Machete will run the first. The 2nd and 3rd funds are not skill heavy. The big question: How do we know you won't walk away with 10.9B in investor money? If you look through the various offerings, you'll see I am currently entrusted with 5B of outside money, and have previously return 4B in dividends, plus some interest. I will return another 2B (est) in dividends and will return all 5B to original investors. In other words, if I wanted to walk off with 10.9B, I could have already done it. Instead, my motivation, as original stated, is to do something unique and create a little niche in Eve world. You'll also note that asset management fees should cover the fee on this account, whereas currently I am receiving none. As always, if you don't trust me, do not invest. And only invest what you have hte ability to lose. I think each of these 6 investment opportunities are good relative to the returns being offered elsewhere, with the prize being equity in the 1st fund. Please fire away.
Trebor Whettam	Posted - 2010.08.02 22:05:00 - [3] I would like to reserve a 250 mil isk investment for each of the three funds (total of .75 bil). I like you style, and I hope you have fun with the new investment strategies you're going to try.
Alacta Lithia	Posted - 2010.08.02 22:20:00 - [4] I would like to reserve 500mil for each of your 3 investments. (1.5 Bil total)
Pippgirl Caldari Skies Tis Moiras Amici Noctis	Posted - 2010.08.02 22:42:00 - [5] would like to reserve 150 mill for each of the funds, 450 mill in total.
Lecherito	Posted - 2010.08.02 22:47:00 - [6] hmmm? -L
Cista2 Hydra Investment Fund	Posted - 2010.08.02 22:53:00 - [7] The guy has perseverence. tips hat* ----------------------- "Signatures" chatroom for traders / Hydra Investment Fund
Alain Kinsella Minmatar	Posted - 2010.08.02 23:36:00 - [8] 500 Mil for first fund (re-launched STOF). This includes the carry-over. Not interested in the other two, for now. :) --A_K
Lucyna Minmatar	Posted - 2010.08.02 23:41:00 - [9] Wasn't the first fund a bit weird from the getgo? How did all of that go?
Alain Kinsella Minmatar	Posted - 2010.08.03 00:03:00 - [10] Originally by: Lucyna Wasn't the first fund a bit weird from the getgo? How did all of that go? I can't comment on the actions of the original 2nd fund, but my TLDR for STOF1 - invested 250 Mil, paid 250 Mil twice. So investing 500 Mil (for me) is 'relatively' safe; I'm just rolling one round of profit back in. Worst case, I'm back to before STOF1 launched. shrug --- Machete, if you don't mind a slight derail - is the RL Market acting like molasses right now influencing your activity here?
Machete Visor	Posted - 2010.08.03 00:28:00 - [11] Originally by: Alain Kinsella Originally by: Lucyna Wasn't the first fund a bit weird from the getgo? How did all of that go? I can't comment on the actions of the original 2nd fund, but my TLDR for STOF1 - invested 250 Mil, paid 250 Mil twice. So investing 500 Mil (for me) is 'relatively' safe; I'm just rolling one round of profit back in. Worst case, I'm back to before STOF1 launched. shrug --- Machete, if you don't mind a slight derail - is the RL Market acting like molasses right now influencing your activity here? The other funds are all linked in my posts (for whomever asked). Alain - I took you 250M rollover, that only left 100M of non-reserved equity in the first fund, so I marked you down for it and 150M waitlist. Real life has been busy, annoying for the summertime.
Vandoxarr	Posted - 2010.08.03 01:47:00 - [12] Hey again Machete, wow this filled up fast ! grats. Ill take the remaining 100 million in fund 2. Pretty sure that is all that is left over ? Put me down for a further 200 million spread if anyone pulls out or gaps open up. Best of luck.
Machete Visor	Posted - 2010.08.03 02:16:00 - [13] Originally by: Vandoxarr Hey again Machete, wow this filled up fast ! grats. Ill take the remaining 100 million in fund 2. Pretty sure that is all that is left over ? Put me down for a further 200 million spread if anyone pulls out or gaps open up. Best of luck. Correct, i put you in. There is a ton of debt also out there. Not bad returns for ISK otherwise sitting around.. just fyi for investors, my alts are still viewable on eveboards. as originally disclosed in the STOF fund thread,
Trebor Whettam	Posted - 2010.08.03 02:21:00 - [14] Machete, could you clarify the status of your "double or nothing" fund? It seems implied here that all of your previous debt will be paid off prior to opening these three new funds, however your last post in that thread sounds like you're going to do a slow buyout. This 2 bil swing makes a pretty big difference.
zindeen	Posted - 2010.08.03 03:19:00 - [15] Machete you have my roll up sent you a email in game. As well as put me down for 300M for fund 1 if there is a spot that opens up (i believe that will be my 500M cap.)
Machete Visor	Posted - 2010.08.03 03:23:00 - [16] Originally by: Trebor Whettam Machete, could you clarify the status of your "double or nothing" fund? It seems implied here that all of your previous debt will be paid off prior to opening these three new funds, however your last post in that thread sounds like you're going to do a slow buyout. This 2 bil swing makes a pretty big difference. I won't be taking ISK until all other funds are wrapped up. I think it'll take a week or so to liquidate everything (both funds). The double or nothing fund is 1B is 3rd party money. It will all be returned.
Celi Annor	Posted - 2010.08.03 06:19:00 - [17] I would like to roll over 50% of my investment from your original fund.
Saidin Thor	Posted - 2010.08.03 15:14:00 - [18] I invested in the expansion of your station trading fund, and was wondering if I was eligible for rollover (investment was 500m, so 250m rollover). If I am, please put me down for 250m in the station trading fund, and 250m for the (2) High Value Opportunity Fund Loan. If the expansion is not eligible for rollover, please put me down 500m in the (2) High Value Opportunity Fund Loan.
Machete Visor	Posted - 2010.08.03 15:44:00 - [19] Originally by: Saidin Thor I invested in the expansion of your station trading fund, and was wondering if I was eligible for rollover (investment was 500m, so 250m rollover). If I am, please put me down for 250m in the station trading fund, and 250m for the (2) High Value Opportunity Fund Loan. If the expansion is not eligible for rollover, please put me down 500m in the (2) High Value Opportunity Fund Loan. Thanks for your loan. Unfortunately I can't roll the loans over into equity in the original fund. 7B is the right number for that fund, and less than half can be equity. But, 500M of the debt from the 2nd fund is yours.
Zentrie Minmatar	Posted - 2010.08.03 16:25:00 - [20] 100m in the (2) High Value Opportunity Fund Loan. Sending once full 2b claimed, aye? ~~Warpalishous~~
Machete Visor	Posted - 2010.08.03 17:15:00 - [21] Originally by: Zentrie 100m in the (2) High Value Opportunity Fund Loan. Sending once full 2b claimed, aye? Correct, once fund launches. Full 2B would need to b eclaimed and I will be shutting down my previous funds. Watch this post for details, and I'll likely send an evemail as well.
Saidin Thor	Posted - 2010.08.03 18:41:00 - [22] Originally by: Machete Visor Originally by: Saidin Thor I invested in the expansion of your station trading fund, and was wondering if I was eligible for rollover (investment was 500m, so 250m rollover). If I am, please put me down for 250m in the station trading fund, and 250m for the (2) High Value Opportunity Fund Loan. If the expansion is not eligible for rollover, please put me down 500m in the (2) High Value Opportunity Fund Loan. Thanks for your loan. Unfortunately I can't roll the loans over into equity in the original fund. 7B is the right number for that fund, and less than half can be equity. But, 500M of the debt from the 2nd fund is yours. I figured as much, but I thought it would be worth a shot I'll also provide an additional 500m to the station trading loan if there's no problem with that, bringing it up to 1B total (500m in station trade and 500m in the high value opportunity fund, both in the loans).
Zentrie Minmatar	Posted - 2010.08.03 23:56:00 - [23] Sending 100m in just one minute. Just checked forums. ~~Warpalishous~~
Zentrie Minmatar	Posted - 2010.08.04 00:23:00 - [24] Money sent. To machete visor. Thanks. ~~Warpalishous~~
Burni StellarCoal	Posted - 2010.08.04 02:30:00 - [25] Hi. I will admit I am new to these type of funds and am having a bit of trouble understanding your information here about your funds, particularly about the "debts" or loan part of it. How does the debts part work ? Do people apply to take an amount of debt that is allocated to each fund and pay you interest on it throughout the term of the loan ? Or have I totally missed the point ? Thanks in advance for your clarification.
Machete Visor	Posted - 2010.08.04 03:16:00 - [26] Originally by: Burni StellarCoal Hi. I will admit I am new to these type of funds and am having a bit of trouble understanding your information here about your funds, particularly about the "debts" or loan part of it. How does the debts part work ? Do people apply to take an amount of debt that is allocated to each fund and pay you interest on it throughout the term of the loan ? Or have I totally missed the point ? Thanks in advance for your clarification. Sure, happy to explain. Each fund has two classes of investments - equity and loans. Equity investors receive all the profit from the fund. It is the most desirable investment in terms of return. But it also is the first to lose money and receives payments more slowly (usually once a month). Loans receive a fixed rate of return (5%, 7% or 10%, depending on the loan). The return is fixed, but you wont lose money unless all the equity is used first. Also, you receive interest payments each week (instead of monthly). In eve, equity is clearly a better investment, but it is rare. I probably could've issued the equity in fund 1 at a premium.. ill have to think about better pricing next time around. Right now, only loans are left to invest in.
Acoada	Posted - 2010.08.04 18:38:00 - [27] 200m in the (1), 200m in the (2)
Paramys Minmatar GOTTEG Mining and Industrial Union	Posted - 2010.08.04 21:17:00 - [28] I'll take 100M in the (3) debt.
kiall Toz	Posted - 2010.08.05 07:32:00 - [29] Machete, thanks for the well run (and highly profitable!!!) STOF offering. I'd like to rollover 50% of my STOF into the first fund and put me down for the remaining 1.2bil in fund 2 debt
Taram Caldar Royal Black Watch Highlanders Warped Aggression	Posted - 2010.08.05 20:45:00 - [30] Put me in for 500mil of the final 900. I got some unexpected cash that I'm willing to put into this. Market Alerts Mailing List
Alain Kinsella Minmatar	Posted - 2010.08.05 21:16:00 - [31] Looks like the reserve from STOF1 will fill. Not surprising, but was worth trying anyway. My amount from the waiting list can be pulled. Instead, will reserve 300 in the Debt side (makes various calculations easier). Final amounts from me - 225 Equity, 300 Debt. Good Luck, and /salute
Machete Visor	Posted - 2010.08.05 22:30:00 - [32] gracias all. all lists have been updated above. The other funds should be wrapped up this weekend, which practically means launching these new funds at the earliest on sunday and likely next week. just need to fill the 3B 5% bonds and 400M 10% bonds. So fund2 is ready to go and will likely launch first. Just need to think of a catchy name...
Machete Visor	Posted - 2010.08.06 18:54:00 - [33] the 2nd fund is ready to launch. THe only fund I haven't fully liquidated yet is the spec fund (1B) and it will be done soon. Still looking for investors on Fund 1 and Fund 3 bonds.
Machete Visor	Posted - 2010.08.07 03:43:00 - [34] note: all bond proceeds and equity investments have been returned from my prior funds: the STOF fund and the speculative fund. The only investor money held by me currently is the final liquidating dividend for STOF, which is about 1.5B. Fund #2 - high value items fund - is launching. Debt is still available for the station trading fund (5%) and speculative fund (10%). the debt pays interest WEEKLY (1.25% and 2.50%, respectively)
zindeen	Posted - 2010.08.07 09:11:00 - [35] Machete you can tentatively move my 300M to the 10% loan as I don't foresee the fund I wanted to get in to opening up. though it it does I may try and put into both just depending upon my liquid at the time
Valen Nostromo	Posted - 2010.08.07 11:43:00 - [36] just a little OT question..all these investment threads.. how do you know it isnt a scam? I've personally never heard of Machete Visor. Whats stopping him from taking my isk?
Machete Visor	Posted - 2010.08.07 13:36:00 - [37] Originally by: Valen Nostromo just a little OT question..all these investment threads.. how do you know it isnt a scam? I've personally never heard of Machete Visor. Whats stopping him from taking my isk? Similar to all other uncollateralized investments in eve... absolutely nothing. But basically, over the past 3 months, i've handled a similar amount of player money (uncollateralized) and returned it to investors. Therefore, it stands to reason I could have just taken that money if it were my motivation. However, that still is never a guarantee someone won't rip you off. So basically you should only invest in this type of fund ISK you can afford to risk, and i think that is what most players have done - noticing most of hte investments are less than 1B. I do wish CCP would come up with a way to lend money between players with some form of restriction to prevent ripoffs.
Trebor Whettam	Posted - 2010.08.07 21:26:00 - [38] Shares for Fund #2 have been received. Thanks, and good luck!
Machete Visor	Posted - 2010.08.08 03:33:00 - [39] I will be closing out the STOF1 tomorrow. Then I will be ready to launch the other two funds. Anyone interested in the 3B 5% debt? Any way to make it more attractive (within reason)? It is a very safe bond in terms of cash flow.
Machete Visor	Posted - 2010.08.08 15:27:00 - [40] Originally by: Machete Visor I will be closing out the STOF1 tomorrow. Then I will be ready to launch the other two funds. Anyone interested in the 3B 5% debt? Any way to make it more attractive (within reason)? It is a very safe bond in terms of cash flow. STOF1 liquidated and closed. All funds have launched and investors contacted. See 2nd post for details of payments received.
Kei Dark	Posted - 2010.08.08 18:00:00 - [41] Edited by: Kei Dark on 08/08/2010 18:01:06 Pretty new to this, but just to clarify, there are no equity spaces left open? I'm interested in investing, but would prefer equity over the debt...
Breezy9401	Posted - 2010.08.08 18:02:00 - [42] ^ Wrong character above... that should be coming from me, not Kei... (not used to actually writing in the forums, just reading them)
Machete Visor	Posted - 2010.08.08 18:05:00 - [43] Originally by: Breezy9401 ^ Wrong character above... that should be coming from me, not Kei... (not used to actually writing in the forums, just reading them) Correct, currently no equity open.
Dezolf Minmatar DAX Action Stance	Posted - 2010.08.08 20:29:00 - [44] Edited by: Dezolf on 08/08/2010 20:28:51 I'll thrown in the last 100m for the 3rd debt one. Edit: When do you need/want the isk?
Machete Visor	Posted - 2010.08.08 21:39:00 - [45] Originally by: Dezolf Edited by: Dezolf on 08/08/2010 20:28:51 I'll thrown in the last 100m for the 3rd debt one. Edit: When do you need/want the isk? sorry, it was already picked up in game by Taram Caldar. 2.7B still available at 5% on the less risky fund.
MaddB	Posted - 2010.08.08 23:29:00 - [46] I'll reserve 1b of what you have left.
Chigy Minmatar Sausage Banking	Posted - 2010.08.09 15:26:00 - [47] Reserve of 150 mil
Taram Caldar Royal Black Watch Highlanders Warped Aggression	Posted - 2010.08.09 22:42:00 - [48] Isk was sent, pls confirm receipt. Market Alerts Mailing List
Machete Visor	Posted - 2010.08.09 22:49:00 - [49] Originally by: Taram Caldar Isk was sent, pls confirm receipt. received
Hauler Mawles	Posted - 2010.08.10 01:06:00 - [50] Edited by: Hauler Mawles on 10/08/2010 01:07:58 I'll take 700mil at 5%, if it's still available let me know and I'll send isk. edit: totally the wrong character..oh well, isk will come from Lashka Gar and that's who I would prefer listed as an investor.
Chigy Minmatar Sausage Banking	Posted - 2010.08.10 02:00:00 - [51] Gaming computer's hard drive died. 30 minutes till Eve finishes installing, then I'll send money.
Machete Visor	Posted - 2010.08.10 02:31:00 - [52] Originally by: Chigy Gaming computer's hard drive died. 30 minutes till Eve finishes installing, then I'll send money. No problem.
Chigy Minmatar Sausage Banking	Posted - 2010.08.10 12:21:00 - [53] Isk sent
Holli Nalt	Posted - 2010.08.11 11:28:00 - [54] I'll take 500m at 5%, if it's still open. I'll send once you confirm it's good to go.
Machete Visor	Posted - 2010.08.11 11:40:00 - [55] Originally by: Holli Nalt I'll take 500m at 5%, if it's still open. I'll send once you confirm it's good to go. it is open, thanks
Holli Nalt	Posted - 2010.08.11 19:02:00 - [56] Going to have to drop. Something came up that needs my spare ISK. Damn friends...
Jovan Geldon	Posted - 2010.08.12 02:24:00 - [57] I'd like to reserve 100M of the Fund 1 debt please. Money will be sent from this toon at the earliest opportunity, probably about 19:00 EVE time this evening.
Machete Visor	Posted - 2010.08.12 02:25:00 - [58] Originally by: Jovan Geldon I'd like to reserve 100M of the Fund 1 debt please. Money will be sent from this toon at the earliest opportunity, probably about 19:00 EVE time this evening. ok btw - on these late submissions, interest for the first week will be pro-rated.
Chigy Minmatar Sausage Banking	Posted - 2010.08.12 12:10:00 - [59] As of last night I do not have shares.
Saidin Thor	Posted - 2010.08.12 13:30:00 - [60] Originally by: Chigy As of last night I do not have shares. The debt doesn't get shares, but he manually transfers the money to your character.
River Ace	Posted - 2010.08.12 13:43:00 - [61] Edited by: River Ace on 12/08/2010 13:58:04 Hi, Can I go for 200m-Fund 1 Debt (4B total, 5%)? Have I done that correctly? never done this before. Thanks River edit. 200m Sent. 13.55 Eve Time
Machete Visor	Posted - 2010.08.12 13:58:00 - [62] Originally by: River Ace Hi, Can I go for 200m-Fund 1 Debt (4B total, 5%)? Have I done that correctly? never done this before. Thanks River Yes. To 'buy' the debt, transfer the ISK to this character.
Machete Visor	Posted - 2010.08.12 14:03:00 - [63] Originally by: Saidin Thor Originally by: Chigy As of last night I do not have shares. The debt doesn't get shares, but he manually transfers the money to your character. correct
Chigy Minmatar Sausage Banking	Posted - 2010.08.12 15:23:00 - [64] D'oh!
Jovan Geldon	Posted - 2010.08.12 17:49:00 - [65] ISK sent, please confirm receipt :) Also, a question; why the two types of investment (equity and loan)? Are you not just creating more work for yourself?
Machete Visor	Posted - 2010.08.12 21:53:00 - [66] Originally by: Jovan Geldon ISK sent, please confirm receipt :) Also, a question; why the two types of investment (equity and loan)? Are you not just creating more work for yourself? Confirmed. There are big financial / economic differences between the equity and the loan. The equity shares in pro-rata profit while the loan earns a fixed return. The loan earns the return according to a schedule (weekly, 1/4 of interest) while the equity earns a return only as dividends are paid. In theory the equity has no principal amount - although I expect to buy back the original issuance amount at the wrap-up of operations. I wish there was a mechanism in eve to create a tiered capital structure IN GAME in eve. For example, A, B, C shares as opposed to just 'shares'. Oh well. Almost complete with the offer (450M left).
Jovan Geldon	Posted - 2010.08.12 23:08:00 - [67] Edited by: Jovan Geldon on 12/08/2010 23:16:52 Thanks for answering; I would have thought that the whole high risk/low risk angle would have been covered by the three different funds, but I know sod-all about this kind of stuff so just ignore me Also, I've come into some extra money recently so I'd like to up my share of the loan debt to 150 million in total, if this is possible. The extra 50 mil has been sent.
Carmen Vasquez Gallente	Posted - 2010.08.13 12:51:00 - [68] I would be interested in those last 450m opened in Fund 1 Debt (4B total, 5%). If it is still possible to enter, I would like to reserve it. Money should arrive on Machete Visor till 1800 EVE time as I get home. Confirmation would be welcome.
Machete Visor	Posted - 2010.08.13 13:16:00 - [69] Edited by: Machete Visor on 13/08/2010 13:16:07 Originally by: Carmen Vasquez I would be interested in those last 450m opened in Fund 1 Debt (4B total, 5%). If it is still possible to enter, I would like to reserve it. Money should arrive on Machete Visor till 1800 EVE time as I get home. Confirmation would be welcome. will confirm this evening when i get home from work. actually only looks like 400m is available. if so, i will return your 50m.
Carmen Vasquez Gallente	Posted - 2010.08.14 07:29:00 - [70] I take it that you received and accepted my investment as you refund me those 50mil.
Machete Visor	Posted - 2010.08.14 14:45:00 - [71] Originally by: Carmen Vasquez I take it that you received and accepted my investment as you refund me those 50mil. yes, exactly.
Machete Visor	Posted - 2010.08.15 03:06:00 - [72] First weeks interest paid. Note: if you received less than the amount shown in ()'s, it means you invested mid-week and the payment was prorated (for example, if you invested 3 days in, you received 4/7ths).
Zentrie Minmatar	Posted - 2010.08.15 06:51:00 - [73] Hey, Im part of Fund 2 Debt (2B total, 7%) Zentrie - 100M (1.75M) (received) Was I suppose to get something in this weeks interest payments? I don't show any payments. I paid in full prior to the fund starting. Just checking. Thanks =) ~~Warpalishous~~
Paramys Minmatar GOTTEG Mining and Industrial Union	Posted - 2010.08.15 08:22:00 - [74] Machete, Did you mean that you paid out the people who took on the equity side? I'm in Fund 3 Debt and, like Zentrie, have not received any interest. I have been payed in since before the fund started, so there should be no prorating. No rush, but I'm just curious what's up. -Para
Jovan Geldon	Posted - 2010.08.15 14:02:00 - [75] I HAVE received interest, just in case anybody was wondering, although I am also curious as to the reason for the delay.
Machete Visor	Posted - 2010.08.15 14:16:00 - [76] Paramys - I am showing that 2.5M was paid to you at 2010.08.15 02:37. Zentrie - I am showing that 1.75M was paid to you at 2010.08.15 02:33. Please note, interest shows up s coming from either the corp you lent the money to or from the character I am using to manage it. In fund 1, that might be me. For fund 2 and fund 3, it is a different character, which i disclosed to you in my original evemail. I am using the 'transfer corp cash' function, so i am not sure if it shows the character name or t he corp name. In any case, it will be the same going forward. Equity holders will receive dividends monthly, which will be very obvious and come with a system generated evemail./notification. Jovan - interest will be paid every Sunday. In this case, i paid saturday night b/c i am going to be busy today. So the interest payment was actually early.
Estel Arador	Posted - 2010.08.15 14:49:00 - [77] Originally by: Machete Visor I am using the 'transfer corp cash' function, so i am not sure if it shows the character name or t he corp name. In any case, it will be the same going forward. The type will be "Corporation Account Withdrawal", the description will be "[character] transferred cash from [corporation]'s corporate account to [character]'s account". Free jumpclone service\|1092 stations!
Jovan Geldon	Posted - 2010.08.15 14:53:00 - [78] Originally by: Machete Visor Jovan - interest will be paid every Sunday. In this case, i paid saturday night b/c i am going to be busy today. So the interest payment was actually early. Oh no, I don't have a problem with that, I was concerned on behalf of the posters above me. Everything's fine from MY point of view :)
Machete Visor	Posted - 2010.08.15 15:34:00 - [79] one of the investors from the first fund has dissappeared and didn't take their roll over. so there is 25M free. First one of current investors in the fund to ask gets it...
Saidin Thor	Posted - 2010.08.15 16:11:00 - [80] Edited by: Saidin Thor on 15/08/2010 16:12:39 Originally by: Machete Visor one of the investors from the first fund has dissappeared and didn't take their roll over. so there is 25M free. First one of current investors in the fund to ask gets it... ~edit~ I was going to say I would take it, but that would put me under the 50m min for equity investment. If no one wants it and you really want to fill it let me know, otherwise I'll assume someone already invested will fill it.
Zentrie Minmatar	Posted - 2010.08.15 17:20:00 - [81] Quote: Zentrie - I am showing that 1.75M was paid to you at 2010.08.15 02:33. You're right. It's showing up now and wasn't for me before for some reason. Thank you! I looked up and down and side ways three times I swear lol =) thanks Machete ~~Warpalishous~~
Jovan Geldon	Posted - 2010.08.15 17:56:00 - [82] Edited by: Jovan Geldon on 15/08/2010 17:58:41 Originally by: Machete Visor one of the investors from the first fund has dissappeared and didn't take their roll over. so there is 25M free. First one of current investors in the fund to ask gets it... If I'm eligible, I'll take it. EDIT:- Never mind, too slow and didn't read all the posts . I'll still take it if (for whatever reason) you decide not to sell to Saidin though.
Machete Visor	Posted - 2010.08.16 00:59:00 - [83] Originally by: Saidin Thor Edited by: Saidin Thor on 15/08/2010 16:12:39 Originally by: Machete Visor one of the investors from the first fund has dissappeared and didn't take their roll over. so there is 25M free. First one of current investors in the fund to ask gets it... ~edit~ I was going to say I would take it, but that would put me under the 50m min for equity investment. If no one wants it and you really want to fill it let me know, otherwise I'll assume someone already invested will fill it. it is yours, send 25m in game and i'll send the shares.
Paramys Minmatar GOTTEG Mining and Industrial Union	Posted - 2010.08.16 01:37:00 - [84] Edited by: Paramys on 16/08/2010 01:39:44 Originally by: Machete Visor Paramys - I am showing that 2.5M was paid to you at 2010.08.15 02:37. Gah, you're right -- I guess I missed it somehow. Received, thanks! If no one else sends you the money for whatever reason, put me in line for that 25m in equity -- I'll take it.
Machete Visor	Posted - 2010.08.16 03:14:00 - [85] Originally by: Paramys Edited by: Paramys on 16/08/2010 01:39:44 Originally by: Machete Visor Paramys - I am showing that 2.5M was paid to you at 2010.08.15 02:37. Gah, you're right -- I guess I missed it somehow. Received, thanks! If no one else sends you the money for whatever reason, put me in line for that 25m in equity -- I'll take it. no prob, bound to be some hiccups. the screen i am using actually had the column in my wallet cut off fairly short... for an hr i was looking at it thinking, I know I sent the money out, who did I send it TO? Until I expanded the column WAAAAY out and then everyone's name popped up.
Saidin Thor	Posted - 2010.08.16 14:58:00 - [86] Originally by: Machete Visor it is yours, send 25m in game and i'll send the shares. Bah, missed this post by about half an hour last night. I'll get you the iskies by 2100 EVE at the latest, just depends when I'll get off work today.
Jovan Geldon	Posted - 2010.08.17 22:08:00 - [87] Just a quick question; if the term of the STOF is "perpetual", then are those of us who bought debt able to claim it back at any time? Not that I'm planning to, I was just wondering. Also, bump
Smashego	Posted - 2010.08.17 23:58:00 - [88] Have 500 million to invest. Please contact me in game if this offer is still valid. May invest more over time if this is truly lucrative.
Machete Visor	Posted - 2010.08.18 01:03:00 - [89] Originally by: Jovan Geldon Just a quick question; if the term of the STOF is "perpetual", then are those of us who bought debt able to claim it back at any time? Not that I'm planning to, I was just wondering. Also, bump Hi Jovan - Perpetual is how is sounds... no maturity date. Also no puts, so i guess the polite answer is sorry. But it is not that bad and here is why: 1 - You can sell the loan. As the person above me just posted, there will be people interested, especially once I have a history of paying on time. Shouldnt be a problem to find someone to step in. 2 - At some point I'll get bored with the current structure and want to restructure again and will pay off everyone before doing it. In other words, it can't truly go on forever.
Machete Visor	Posted - 2010.08.22 04:50:00 - [90] 2nd interest paid.
Vaerah Vahrokha Minmatar Vahrokh Consulting	Posted - 2010.08.22 05:23:00 - [91] Originally by: Machete Visor Originally by: Jovan Geldon Just a quick question; if the term of the STOF is "perpetual", then are those of us who bought debt able to claim it back at any time? Not that I'm planning to, I was just wondering. Also, bump Hi Jovan - Perpetual is how is sounds... no maturity date. Also no puts, so i guess the polite answer is sorry. But it is not that bad and here is why: 1 - You can sell the loan. As the person above me just posted, there will be people interested, especially once I have a history of paying on time. Shouldnt be a problem to find someone to step in. 2 - At some point I'll get bored with the current structure and want to restructure again and will pay off everyone before doing it. In other words, it can't truly go on forever. I sincerely hope you'll stick with this initiative, it fits neatly with my long term agenda! - Auditing & consulting When looking for investors, please read http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz
Paramys Minmatar GOTTEG Mining and Industrial Union	Posted - 2010.08.22 06:03:00 - [92] 2nd div. received.
Acoada	Posted - 2010.08.22 06:04:00 - [93] 1nd isk recive 2nd isk recive
Machete Visor	Posted - 2010.08.28 21:28:00 - [94] 3rd interest payment made. Update on the funds... All funds are reaching the 1 month mark next week. Fund 1 is performing as expected and will pay a dividend this month. Not sure the amount yet Fund 2 volume is under what I expected and therefore profits are lower. But there are profits and I'm still thinking up ways to increase volumes. A dividend will be paid, unsure of amount. Fund 3 is a 1 month fund and therefore will wrap up next week and distribute all earnings. From what I can see, all debt holders are safe on their investment (i.e., no losses of principal). I am uncertain if there will be any profit for equity investors... greatly depends on prices over the next week as stock liquidates. Just to be clear, I am unsure what profit equity investors will have - likely will receive the majority of their investment. If prices rise, will receive a profit... if they fall, could be a little ugly.
Trebor Whettam	Posted - 2010.08.29 03:39:00 - [95] Originally by: Machete Visor 3rd interest payment made. Update on the funds... All funds are reaching the 1 month mark next week. Fund 1 is performing as expected and will pay a dividend this month. Not sure the amount yet Fund 2 volume is under what I expected and therefore profits are lower. But there are profits and I'm still thinking up ways to increase volumes. A dividend will be paid, unsure of amount. Fund 3 is a 1 month fund and therefore will wrap up next week and distribute all earnings. From what I can see, all debt holders are safe on their investment (i.e., no losses of principal). I am uncertain if there will be any profit for equity investors... greatly depends on prices over the next week as stock liquidates. Just to be clear, I am unsure what profit equity investors will have - likely will receive the majority of their investment. If prices rise, will receive a profit... if they fall, could be a little ugly. A firesale is the kind of thing that will kill a venture like Fund #3. If prices fall during the sell-off, and you believe it to be a temporary depression rather than a long-term trend, I'd be happy to receive the equity payout a bit late. I don't know how the other equity holders feel about it, of course.
Machete Visor	Posted - 2010.08.29 17:22:00 - [96] Originally by: Trebor Whettam Originally by: Machete Visor 3rd interest payment made. Update on the funds... All funds are reaching the 1 month mark next week. Fund 1 is performing as expected and will pay a dividend this month. Not sure the amount yet Fund 2 volume is under what I expected and therefore profits are lower. But there are profits and I'm still thinking up ways to increase volumes. A dividend will be paid, unsure of amount. Fund 3 is a 1 month fund and therefore will wrap up next week and distribute all earnings. From what I can see, all debt holders are safe on their investment (i.e., no losses of principal). I am uncertain if there will be any profit for equity investors... greatly depends on prices over the next week as stock liquidates. Just to be clear, I am unsure what profit equity investors will have - likely will receive the majority of their investment. If prices rise, will receive a profit... if they fall, could be a little ugly. A firesale is the kind of thing that will kill a venture like Fund #3. If prices fall during the sell-off, and you believe it to be a temporary depression rather than a long-term trend, I'd be happy to receive the equity payout a bit late. I don't know how the other equity holders feel about it, of course. good news, there is a way to find out. I'll add a vote to the corp and we will see where it lands. I think we have to [ay back bond holders... which shouldn't be too big a problem.
Trebor Whettam	Posted - 2010.09.02 21:36:00 - [97] Received dividend for Fund #1. A very healthy one. :)
Taram Caldar Royal Black Watch Highlanders Warped Aggression	Posted - 2010.09.02 23:27:00 - [98] Edited by: Taram Caldar on 02/09/2010 23:28:10 Originally by: Machete Visor Originally by: Trebor Whettam Originally by: Machete Visor 3rd interest payment made. Update on the funds... All funds are reaching the 1 month mark next week. Fund 1 is performing as expected and will pay a dividend this month. Not sure the amount yet Fund 2 volume is under what I expected and therefore profits are lower. But there are profits and I'm still thinking up ways to increase volumes. A dividend will be paid, unsure of amount. Fund 3 is a 1 month fund and therefore will wrap up next week and distribute all earnings. From what I can see, all debt holders are safe on their investment (i.e., no losses of principal). I am uncertain if there will be any profit for equity investors... greatly depends on prices over the next week as stock liquidates. Just to be clear, I am unsure what profit equity investors will have - likely will receive the majority of their investment. If prices rise, will receive a profit... if they fall, could be a little ugly. A firesale is the kind of thing that will kill a venture like Fund #3. If prices fall during the sell-off, and you believe it to be a temporary depression rather than a long-term trend, I'd be happy to receive the equity payout a bit late. I don't know how the other equity holders feel about it, of course. good news, there is a way to find out. I'll add a vote to the corp and we will see where it lands. I think we have to [ay back bond holders... which shouldn't be too big a problem. As a debt holder I'd normally be fine with waiting as long as I continued to accrue interest. However I have a couple big purchases waiting for my principal and interest payments. So in this case yeah, I'd rather get paid out. Market Alerts Mailing List
Machete Visor	Posted - 2010.09.03 00:31:00 - [99] fund 1 - paid 4th 50M interest payment. paid 210M asset management fee (3% X 7B). Paid 2,445,000,000 dividend. Little less than I had hoped for, but still good on 3,000,000,000 in equity. Paid early because of some RL stuff going on that may tie me up for the weekend. Also going to pay out Fund2 dividend when I get a chance (had estimated it at around 25%, but not exactly sure).. pls be patient on that. Almost have 1B ISK in Fund3 to pay out debt holders. Need to check the vote to see if it will be liquidated this week for equity holders.
Machete Visor	Posted - 2010.09.03 16:08:00 - [100] Originally by: Machete Visor fund 1 - paid 4th 50M interest payment. paid 210M asset management fee (3% X 7B). Paid 2,445,000,000 dividend. Little less than I had hoped for, but still good on 3,000,000,000 in equity. Paid early because of some RL stuff going on that may tie me up for the weekend. Also going to pay out Fund2 dividend when I get a chance (had estimated it at around 25%, but not exactly sure).. pls be patient on that. Almost have 1B ISK in Fund3 to pay out debt holders. Need to check the vote to see if it will be liquidated this week for equity holders. Paid interest on Fund2, asset management fee of 35M (10% of profit) and dividend of 350M (17.5%).
Machete Visor	Posted - 2010.09.04 00:38:00 - [101] paid interest on fund 3 and returned 100% of the loan. The equity is being extended by 1 week due to unanimous vote by the shareholders.
Taram Caldar Royal Black Watch Highlanders Warped Aggression	Posted - 2010.09.04 01:07:00 - [102] Confirming receipt of 600mil principal and 4 payments of 15mil (total 60mil) interest over the course of the loan. Thank you! Market Alerts Mailing List
Trebor Whettam	Posted - 2010.09.04 02:54:00 - [103] Confirming receipt of Fund #2 dividend.
Machete Visor	Posted - 2010.09.09 01:10:00 - [104] on fund 3, paid a dividend of 320M ISK. This is not a full liquidation. There is somewhere around 400-700M more in items sitting on the market. But, I figured since the ISK is just sitting in my wallet and I'm not using it, why not return to equity holders?
Machete Visor	Posted - 2010.09.11 15:54:00 - [105] interest paid on the 1st and 2nd fund. 3rd fund debt redeemed last week. 3rd fund dividend coming, with a final vote to shareholders with what to do with some of the depressed items that are still remaining.
Machete Visor	Posted - 2010.09.14 03:56:00 - [106] liquidated fund3. final return to equity holders was negative 4.8%. There was a wide variety of returns. Most losers than winners (in # and in total ISK). Got slammed on ferrogel. But, bond holders paid in full, along with interest. I need to rethink the strategy before relaunching fund 3.
Trebor Whettam	Posted - 2010.09.14 05:43:00 - [107] Edited by: Trebor Whettam on 14/09/2010 05:44:50 Originally by: Machete Visor liquidated fund3. final return to equity holders was negative 4.8%. There was a wide variety of returns. Most losers than winners (in # and in total ISK). Got slammed on ferrogel. But, bond holders paid in full, along with interest. I need to rethink the strategy before relaunching fund 3. This fund was also at a disadvantage from the start, because of the increased interest rate paid to the bond holders. In reality, the risk to the bond holders was almost completely identical among all three bonds, because the repayment policy pretty much guaranteed that scamming was their only practical risk. As a result, giving the higher interest rate to those bond holders did nothing but increase the risk to the equity holders (including you), who were already carrying the brunt of it. Oh well. I hope you don't feel too bad about losing isk here. You can't win them all unless you never try anything risky, and that's just boring.
Machete Visor	Posted - 2010.09.14 16:00:00 - [108] Originally by: Trebor Whettam Edited by: Trebor Whettam on 14/09/2010 05:44:50 Originally by: Machete Visor liquidated fund3. final return to equity holders was negative 4.8%. There was a wide variety of returns. Most losers than winners (in # and in total ISK). Got slammed on ferrogel. But, bond holders paid in full, along with interest. I need to rethink the strategy before relaunching fund 3. This fund was also at a disadvantage from the start, because of the increased interest rate paid to the bond holders. In reality, the risk to the bond holders was almost completely identical among all three bonds, because the repayment policy pretty much guaranteed that scamming was their only practical risk. As a result, giving the higher interest rate to those bond holders did nothing but increase the risk to the equity holders (including you), who were already carrying the brunt of it. Oh well. I hope you don't feel too bad about losing isk here. You can't win them all unless you never try anything risky, and that's just boring. Yes, the 5% add'l did account for the entire loss to the equity holders basically (50M ISK). Otherwise I guess the trades would have broken even. In reality, if I do it again, I think I'll be looking at buying into 1 or 2 highly volatile / liquid commodities and holding for a month. Then it is less likely that it'll end with a market neutral type result. if it hits big, investors win big. If it fails, bond holders likely take some loss and equity losses everything. I need to think through how to choose those 1 to 2 commodities. Once PI stabilizes (i.e., runoff from the pre-patch purchases occurs), that would be the perfect market to find the commodities. Large, liquid, lots of inter commoditiy correlations etc. Best think about PI is the 2ndary market it has created
Machete Visor	Posted - 2010.09.15 04:41:00 - [109] I am wrapping up the 2nd fund a bit early. But here is why - it is way too much of a hassle to run 3 of these things at once. Three different account, 6 different types of shareholders. Just isn't worth it for what I'm getting out of it. So I paid 2 days of interest for this week to all Fund 2 bond holders and I returned all principal. I am liquidating 8 items (at normal prices, not firesale). Once they are liquidated, I believe the final dividend will be about 500M to the 2,000M in equity holders (25% return, not bad for 2 weeks). Then I will distribute 2,000M to repay the equity. But, that's not all! I am going to restructure fund 1. Fund 2 was a good idea, just poor structure on my part. Therefore, I am expanding fund 1 to swallow fund 2's strategy. I will also be revising the strategy in the following ways: 2 classes of investments: 1 - Bond that pays 10% interest, paying each week (2.5% a week). Why is the rate higher than 5%? B/c the assets I'm holding will be greater, hence greater risk of scam. Don't overlook that interest is paid weekly. This atleast partially defeases the scam risk. 2 - Equity - receives all residual dividends. The strategy will now incorporate spread trading on any item in station and any item on contracts <1 Billion. Truthfully, almost everything will be sub 500M. But sometimes a good price on a Nightmare pops up and I want to grab it and pocket 100M. Still no Jita for the normal market (all contracts are at jita). Still no hauling. Here is the bigger change: My management fee - I've been returning close to 75%-100% per month to equity holders for months now, with this fund and the previous fund. Bond holders have been getting far less, even though they have the same scam risk but different operational risk. Operational risk is very low, so the rate on bonds is mostly scam risk, so it doesn't make sense. But what I've been earning is not nearly enough given the multiple billion ISK payouts. I have yet to see another offering on MD give this type of return. As another manager has proven, 10% seems to be the going rate. So here is the new asset management fee, which will be deducted from equity dividends - 3% of assets under management (total) per month. 30% of all profits to equity holders as a incentive fee. Here are some sample numbers so you can see how this stacks up versus the current structure. Assuming 14B in AUM, with 3B in profit for the month. Assume 6B equity, 8B debt. Current structure: Interest - 400M (5% x 8B) AUM Fee - 510M (3% X 17B) Dividend - 2.090B (35% return) New Structure Interest - 800M (10% x 8B) AUM Fee - 510M (3% X 17B) Carried Interest (kinda) - 507M (30% X 1.69B) Dividend - 1183M (20% return) Assuming a 1B profit: Old structure: Interest - 400M (5% return) AUM Fee - 450M (3% X 15B) Dividend - 150M (2.5%) New Structure Interest - 800M (10% return) AUM Fee - 450M Carried Interest - 0M Dividend - (250M)(-4%) So, you can see the new structure favors equity holders when profits are high and debt holders when low. Also I am clearly incentivized to generate higher returns. 1B would be an abysmal month. I will be looking to raise 14B in total, including 2B from me (so 12B in total as public money, about the same as now). Any investor in fund 1 and fund 2 can convert 100% of their stake into debt or equity. The remainder will be given on a first come/first serve basis - no defined split between debt/equity - you choose. If 100% equity is chosen, in the two examples I gave above the numbers would be: 14B total equity - 3B profit AUM - 510M (3% * 17B) Carried Interest - 747M (30% * 2490) Dividend - 1.743B (12.5%) 14B total equity - 1B profit AUM - 510M Carried Interest - 147M (30% * 490) Dividend - 363M (2.6%) I want there to be a pros/cons to both debt & equity. Therefore, we may need to adjust the debt rate. Please discuss. RESERVATIONS ARE NOT OPEN YET
Lucyna Minmatar Interstellar Killer Bee Enterprises	Posted - 2010.09.15 05:17:00 - [110] Me rikey _________ Eve - for when I'm not playing minecraft ;)
Machete Visor	Posted - 2010.09.15 12:29:00 - [111] would it be simpler if i just asked for 12B in loans at 10%? maybe this is getting too complicated.
Scott McClellan Forum Posters Anonymous	Posted - 2010.09.15 13:47:00 - [112] Originally by: Machete Visor would it be simpler if i just asked for 12B in loans at 10%? maybe this is getting too complicated. Probably. It is kind of interesting to see this all piece together but IPOs are generally a lot more time intensive to manage than bonds or loans. Although to be honest, a lot of people running IPOs could probably get away with taking more of a cut for managing it, people are willing to accept 3% bonds, but for some reason don't want the fund manager(s) paying themselves 10% out of their own venture when they [investors] would still be making way more than they would on a 3% bond. It's a lot of work, and the standard accepted "management fee" is so low that I think that's why we see so few IPOs. Well, that and the fact that they generally have a reputation as being scams.
Trebor Whettam	Posted - 2010.09.15 14:04:00 - [113] Originally by: Machete Visor would it be simpler if i just asked for 12B in loans at 10%? maybe this is getting too complicated. Yes, although that wouldn't be as much fun for investors, since they wouldn't get to guess what the dividend would be (just whether it's a scam, which isn't as fun). In the end, you should do it because you deserve to make more profit on your work. I have one question. Why only 2B of your own isk? Surely you have more than that by now. Going forward, I'd love to see you buy back this debt and build your nontraditional loan program. While I don't think you're scamming at this time (You're too good for 12B, especially after all those dividends), this fund is a relic of the old trust-based philosophy on the MD. These are still a good way for a young entrepreneur to make his first few billion, but after than it stops making sense for either the investee (wasting isk on interest) or investor (wasting isk on a scam). Your loan program is unique, essentially trust free, and scalable. I love it.
MaddB Eve University	Posted - 2010.09.16 14:35:00 - [114] LoL, I can see the confusion as now I'm confused! First, I would like all of my investment rolled into equity if that is an option. Second, I think its neat for you to have 2 types of investors on the same fund. I get how the numbers work towards bond holders constant rate vs equity holders variable rate. I'm game for some variable action. If you would entertain current investors increasing their share I would like to add 500mil to my investment. I would like half my combined investment in equity and the other half in the bond. Thank you for your time Mr. Fund Manager! ~ MaddB
Machete Visor	Posted - 2010.09.16 18:14:00 - [115] all debt holders from fund 1 have been paid off, with accrued interest. equity dividends will follow as liquidating occurs. first dividend will be when i have 3b in ISK (to repay principal)... then the remainder will be liquidated as normal sales occur. Same for fund 2.
zindeen	Posted - 2010.09.16 23:48:00 - [116] my self I also agree you could take a little more of a cut you for the most part have been amazing to invest with.
Lucyna Minmatar Interstellar Killer Bee Enterprises	Posted - 2010.09.17 00:06:00 - [117] Personally I like the fact that you offer two options, each with a set of risks and rewards different from the other. The more people you can cater towards, the more isk you can get. Let's hope it doesn't go to your head and you take it all :) _________ Eve - for when I'm not playing minecraft ;)
Jovan Geldon Gallente Lead Farmers	Posted - 2010.09.17 00:12:00 - [118] Originally by: Machete Visor all debt holders from fund 1 have been paid off, with accrued interest. Confirming receipt of ISK. Sterling service, would definitely invest again.
Machete Visor	Posted - 2010.09.18 05:06:00 - [119] send two 1.5B dividends out on Fund 1. That essentially repays all equity. Still will send out other dividends as items liquidate (expecting another 1B+, for a 33% return for the 2 weeks since the last dividend). Sent out 1.8B on fund2, which pays back most of the equity (200M remains). Expecting a 200M+ dividend on that fund as well (25% return for the 2 weeks since last dividend). I know all this is kind of confusing for shareholders b/c it is not one big lump sum, so i'm trying to keep track of it in this thread.
Alain Kinsella Minmatar	Posted - 2010.09.18 14:27:00 - [120] Confirming all Equity & Debt returned. At this moment my overall return (from entire investment to Fund 1) sits around 39%. At your stated numbers, that should eventually push over 50%. Most of that came from Equity Dividend of course. Been an interesting ride, thanks.
Machete Visor	Posted - 2010.09.19 05:33:00 - [121] paid off entirety of fund 2. Full principal plus a 409M dividend (20% return). That leaves only fund 1 equity final dividend open.
Machete Visor	Posted - 2010.09.19 17:41:00 - [122] paid 850M in dividends to fund 1. final dividend will come over the next few days. I also need to deduct my management fee, so it is likely to be in the 200M range. Otherwise, all funds are wrapped up and I have no public ISK.
Trebor Whettam	Posted - 2010.09.19 22:14:00 - [123] I can confirm both of these dividend payments.
Ira Theos	Posted - 2010.09.20 02:51:00 - [124] Originally by: Valen Nostromo just a little OT question..all these investment threads.. how do you know it isnt a scam? I've personally never heard of Machete Visor. Whats stopping him from taking my isk? ******************* Nothing... these are all scams.. and the use of multiple alts to confirm validity is ridiculously shallow, but the fact that you are even asking them here if this process is legitimate IS entertaining... perhaps delicious tears will flow soon...
Machete Visor	Posted - 2010.09.20 02:52:00 - [125] Originally by: Ira Theos Originally by: Valen Nostromo just a little OT question..all these investment threads.. how do you know it isnt a scam? I've personally never heard of Machete Visor. Whats stopping him from taking my isk? ******************* Nothing... these are all scams.. and the use of multiple alts to confirm validity is ridiculously shallow, but the fact that you are even asking them here if this process is legitimate IS entertaining... perhaps delicious tears will flow soon... this guy is awesome.

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