Originally by: PinkFish

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Objective:
I am looking to increase my position in Technetium. To do this I am prepared to offer a fixed return no risk bond to run for one or two months while we see where Tech is heading.

Proposal:
Purchasing Phase:
500k units of Technetium from my own stock will be sent to the 3rd party. Once that security is confirmed reservations will be accepted in 2 blocks, one of 25b isk and one of 35b isk that I will use to buy more Technetium. Once the first block is spent that Technetium will be sent to the 3rd party and the next block will be accepted. This way the amount of public ISK in my hands is continuously less then the security in place.

Waiting Phase:
Once final purchased volume of Technetium is known calculations will be made to determine the ratio of my assets (500k Tech) vs the Bond assets (60B isk in Tech). If Technetium drops to the point where my 500k units + Bond assets is approaching being unable to cover the value of the bond + interest the stockpile will be sold at a loss OR I will send additional technetium to back the security.

Exit Phase:
Technetium will be transferred back to me 250k units at a time OR the 3rd party can undertake the selling process. Investors will be paid their investment + 6% per month. If the bond runs over a month interest will be calculated to compound monthly with partial months representing the corresponding fraction of 6%.

Risks:
First let me note that all 500k of my units will compensate 100% of any loss and investors will be paid! Likewise if Tech rises the bond will eventually liquidate and investors will be paid! There are only two serious risks to this bond. The first is that tech drops so fast that it is unable to be sold fast enough and the Bond incurs a significant loss. If this happens I give my word that I will attempt to repay the losses on this bond to the best of my ability (I have more assets then 500k tech). As you can see by my own investment in this I am stringently trying to avoid this scenario. The second risk is that the 3rd party turns scam. I have a pretty short list of people I am willing to approach about this (when I get home from work I'll start making arrangements), and we all assume the risk of trusting the 3rd party together.

Procedure:
Make reservations or ask questions in this thread. DO NOT SEND ME ANY ISK. Isk will only be sent in blocks to eliminate any question of scam. When you make a reservation your name will be placed in the appropriate block and when the time comes I will post and evemail to inform you to send ISK. If ISK is not sent within 3 days your position will be opened for a new investor.

Final Notes:
If, by the time this bond is set up and ready to move, Tech has jumped significantly this bond will be cancelled. If events take place that make me thing investing in Tech further for the next month or so will turn out badly this bond will be cancelled. I reserve the right to liquidate the bond at any time. I will make one concession: If I liquidate this bond more then 3 days after all funds are collected but less then one month I will still pay one months interest.



edit: If Tech sits low enough that my 500k doesn't cover the 35b in block 2 I will send additional ISK to 3rd party to cover the difference before block two starts.

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Originally by: PinkFish

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Currently BSAC is in possession of 500k units of Tech that I provided (verified a few posts up)

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Originally by: PinkFish

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Block 1: (25b filled)
Saidin Thor - 2b
Morolen1 - 1b
BSAC Exchange - 2b
Krythas - 1b
RAW23 - 1b
Kaaii - 2b
flakeys - 13b
kiall Toz - 3b

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