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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.09.16 16:55:00 -
[1]
Edited by: Scott McClellan on 16/09/2010 17:19:15
Edited by: Scott McClellan on 16/09/2010 16:56:35
INTRODUCTION
See my previous bond thread here
SMC Bond #1
Most introductory information is there (as well as answers to some basic questions), I'll try to keep this clean and fast
Type: Bond
Proprietor: Scott McClellan
Total ISK: 4 Billion
Launch Date: September 19, 9PM GMT
End Date: October 19, 9PM GMT
# of Shares: 40
Share Price: 100m each
Interest: 10%, paid at end of bond
RESERVATIONS
Taram Caldar: 10 shares (1B ISK)
In the event of early cancellation for whatever reason, full interest will be paid.
Business strategy outline: I'm looking to move from primarily flip-trading to trading on a longer holding period. Flip trading and very short term holds don't require much ISK, but I would need to have more liquid capital if I were to hold goods for a longer period of time. Also, there is some opportunity in creating price spreads, that cannot be done in most markets with a limited amount of ISK. On the side I also coordinate with a friend to run goods to 0.0 in a JF, but this requires fairly little ISK, and is not the reason for this bond.
NAV By my estimate (using EveHQ and adjusting for incorrectly calculated BPC value and market trading skill) about 5B. Of that about 1B is ôpersonalö assets, not used in trading. I'm sure the audit will probably show more detail.
Collateral: None. If I had collateral I would be using the funds to finance my trading, I have the aforementioned 'safety net' of assets/ISK, but it will remain in my possession for business use.
Withdrawal access: Given that this bond is fairly short-term, I would ask you not invest if you feel you would need to make a withdrawal before maturity. I am not planning to offer such service.
Audit: VV agreed to perform an audit, it will be posted below.
To Conclude:
This bond will launch on the target date regardless of the amount of funding received. It would be nice to fill the bond, but I'm going to continue doing what I'm doing whether or not I receive any funding, albeit at a slower rate. As always, invest at your own risk and to those who do I'll see you on the other side. If you have any questions you don't mind asking in public, please do so here so the answers can be posted for everyone.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.09.16 17:23:00 -
[2]
I've added you to the reservation list Taram, I'm going to be out of the house for a few hours, after that I'll be back to answer questions if anyone has more.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.09.16 20:53:00 -
[3]
Edited by: Scott McClellan on 16/09/2010 20:53:51
Wow, that was fast! As of now the reservation list has been updated and all bonds have been reserved. I have no plans to move the launch date, but I'm aiming to get this ball rolling a little before 9PM GMT Sunday (probably closer to 3-4), so I can have all the ISK and shares transferred by that time. Hopefully this will work better for people, but exact timing isn't critical for me.
I will bump this thread again when it's time to send the ISK, I'll see you all then.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.09.17 19:33:00 -
[4]
 Originally by: stewieni
1 share - 100mil if its still going.
All the bonds have been reserved thus far already, but I'll put you on the wait list in case someone drops out if you like.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.09.19 16:05:00 -
[5]
I'd like to start taking ISK now, I'll get the shares out later tonight but I have you all on an external list as well (the shares are mostly for your records/confirmation).
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.09.19 21:41:00 -
[6]
Confirming receipt of ISK from
Taram Caldar (1B)
Alacta Lithia (500M)
Machete Visor (100M)
berytus (1B)
Pantheon Lea (1B)
Thank you, your shares are sent.
Still waiting for
Jan VanRijkdom: 1 bond (100M)
Azirith Everstorm: 3 bonds (300M)
Please get to it when you can.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.10.17 19:22:00 -
[7]
Well it's almost that time people, I'm moving repayment to Monday night the 18th, as I will likely be out of the house quite a bit on Tuesday.
I have the list of shareholders tracked here, and on an external spreadsheet, please return your shares in the next couple of days so that I can get everything cleaned up on that end.
This announcement will go out to all investors in evemail as well.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.10.18 13:22:00 -
[8]
Edited by: Scott McClellan on 18/10/2010 13:24:44
As of 09:22 EST all bonds have been repaid (in journal as personal donation), please confirm receipt of your ISK and return shares if you haven't done so already (Taram, Jan, and Machete).
Thank you to all investors, it's been a pleasure 
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