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Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.09 13:23:00 -
[1]
First, the tl;dr: Bond size: 100,000,000.00 ISK Bond total: 5,000,000,000.00 ISK Interest date: 15th of every month Bond fill-by date: 10/15/2010 Rate: 4% Secured?: No Bond end date: None; bonds are callable each month at interest date with 1 week notice (arrangements can be made outside of said date as well). [end tl;dr]
I have a fairly low market cap right now due to some bad choices in missioning ship costs; as such, I've decided that I need to go back to trading as my primary income source until such time as I've cleared enough in my wallet to reliably support my habit for awesome (but expensive) ships for both PvE and PvP. To this end, I'd like to increase my trading fund from my current cap of ~250m to something with a little more muscle, and I feel I can easily/comfortably handle a 5b ISK infusion and float my wallet back up to something in the 10-20b range in a fairly reasonable amount of time.
I have no set end date for this bond, because I don't see 4% as being higher than what I can make with this ISK for quite a while; as such, it's in my best interests to maintain the bond for as long as my isk-making strategies beat the 4% return I am offering. I will be allowing people to call their bonds with at least 1 week notice, but request that in the event of a large volume of calls, that people be flexible, as some of my trading strategies are asset-rich in the beginning portions.
I know this isn't quite as "business strategy" focused an OP as some of my other bonds have been; I feel I've laid out my plan fairly clearly (trade) and I will be more than happy to answer as many questions as may come up in thread, assuming nobody asks me what I'm trading .
I have not arranged an audit at this time, though I am considering looking for someone to do regular performance audits.
http://desusig.crumplecorn.com/sigs.html |

Valandril
Caldari Ex-Mortis
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Posted - 2010.10.09 13:37:00 -
[2]
Shouldn't you have some shiny expensive ships to put as collateral ?
Recruit me if you dare |

Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.09 13:41:00 -
[3]
If I had any shiny expensive ships left, I'd sell them and not run a bond.
http://desusig.crumplecorn.com/sigs.html |

49473
Jita Trade and Research Institute
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Posted - 2010.10.09 13:48:00 -
[4]
This bond has received a credit rating which can be found here
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Taram Caldar
Royal Black Watch Highlanders Warped Aggression
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Posted - 2010.10.09 14:15:00 -
[5]
Originally by: 49473 This bond has received a credit rating which can be found here
Once again proving you haven't done any homework on this. Or are you completely ignoring that the OP has run multiple successful bonds in the past and has always paid on time?
Market Alerts Mailing List
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PinkFish
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Posted - 2010.10.09 15:09:00 -
[6]
Originally by: Taram Caldar
Originally by: 49473 This bond has received a credit rating which can be found here
Once again proving you haven't done any homework on this. Or are you completely ignoring that the OP has run multiple successful bonds in the past and has always paid on time?
As we have seen again and again on MD, the value of reputation is negligible to scammers.
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Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.09 15:47:00 -
[7]
Some people have expressed confusion/concern at my trading strategy.
My strategy is fairly simple - I trade PvP gear in market hubs, primarily (and make my money off the spread between buy and sell). I also sideline in buying assets at way-less-than-value in region buy orders, and pick up said assets when sufficient amounts accumulate in one station. Ergo the "asset-rich" portion of my trading strategy.
I am, unfortunately, not generally tricksy enough of a hobbit to market manip, as some have speculated I am doing.
http://desusig.crumplecorn.com/sigs.html |

Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2010.10.09 17:27:00 -
[8]
Edited by: Vaerah Vahrokha on 09/10/2010 17:32:03
Originally by: Taram Caldar
Originally by: 49473 This bond has received a credit rating which can be found here
Once again proving you haven't done any homework on this. Or are you completely ignoring that the OP has run multiple successful bonds in the past and has always paid on time?
Please excuse me for intruding in this thread.
There's a reason why in my analyses I don't like indicators, mega-simulations etc. etc. but just a canvas that an artist has to paint and this is it: human beings are at play, not easily simulated bots.
Dethmourne can:
1) SCAM / default. 2) NOT scam.
This neither your or me or anyone can know, not even Dethmourne himself (look at "exit strategies" to see what I mean).
In case 2, which is the case he is in since years, he has shown to my own audits how he is positively profitable. My absolutely tight privacy bonds forbid me to disclose any actual amount but the overall profitability was NEVER below 4%.
Therefore we are in a scenario where if 1) does not happen (and no analysis nor audit can foretell) then 2) is a positive outcome for investors.
Therefore your rating is not only missing previous records but also is being unfairly biased against Dethmourne's past performance.
Is it risky? Yeah sure. EvE is in the whole too. Is it a supreme 10% interest bond with tasty collateral? NO. Does Dethmourne have the ability to generate 4% though? YES, and unlike the sold the character or suddenly lost his skills he will generate 4% again (he will do more than that and I do remember his past records). He put himself on the market and if people will be OK with the rewards, they'll cope with the conditions of the bond.
So, what's the point with these BB / BBB etc, liberally thrown around?
- Auditing & consulting
When looking for investors, please read http://tinyurl.com/n5ys4h + http://tinyurl.com/lrg4oz
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Amarr Citizen 155
Nordar Innovations.
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Posted - 2010.10.09 17:35:00 -
[9]
Originally by: Taram Caldar
Originally by: 49473 This bond has received a credit rating which can be found here
Once again proving you haven't done any homework on this. Or are you completely ignoring that the OP has run multiple successful bonds in the past and has always paid on time?
My only issue with this statement is have we actually seen any of Deth's bonds or loans start and finish? Maybe I've missed some but I know I've grown used to seeing a refinance by him fairly regularly. I don't have an issue with Deth but it just seems like his eve market career has been a series of refinances. Is this good or bad or?
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Machete Visor
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Posted - 2010.10.09 17:53:00 -
[10]
confused as to why you can only afford 4% if you are using a buy/sell spread strategy in a trade hub. Usually can clear 2%+ a day (80-100% a month) on such a strategy... I understand if that is all you want to pay, but you said it was all you could afford... that is strange to me.
"because I don't see 4% as being higher than what I can make with this ISK for quite a while"
Also, you've had a number of private loans etc. For your investors it'd probably be helpful to know what you current have outstanding and whether you are underwater on any of the other loans due to losing some of those ships.
Just suggestions... I don't think I can invest at 4% unsecured.. 10% is customary and with a decent rep can get it down to 6-8%...
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Tal'gitor
Royal Black Watch Highlanders Warped Aggression
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Posted - 2010.10.09 17:53:00 -
[11]
Put me down for 500 million.
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Taram Caldar
Royal Black Watch Highlanders Warped Aggression
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Posted - 2010.10.09 21:33:00 -
[12]
Originally by: Amarr Citizen 155
Originally by: Taram Caldar
Originally by: 49473 This bond has received a credit rating which can be found here
Once again proving you haven't done any homework on this. Or are you completely ignoring that the OP has run multiple successful bonds in the past and has always paid on time?
My only issue with this statement is have we actually seen any of Deth's bonds or loans start and finish? Maybe I've missed some but I know I've grown used to seeing a refinance by him fairly regularly. I don't have an issue with Deth but it just seems like his eve market career has been a series of refinances. Is this good or bad or?
I know that I've seen him close bonds out in the past. Perhaps if the folks giving credit ratings bothered to do some research instead of just slapping an arbitrary number we'd know that. Personally I don't intend to invest as this is under my personal 6% minimum threshold so I don't see a need to personally go digging through the forums to find his closed bonds. I do know that his prior bonds have all closed. whether they coincided with a refi bond or not I don't know.
Perhaps Deth could post links to his prior bonds in the OP to help folks know his history better.
Market Alerts Mailing List
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Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.10 02:25:00 -
[13]
I will try to dig up the old bonds and determine which coincide as refinances.
For those who are interested, my only outstanding debt at this point is 7b at 3.5% interest with no collateral.
This is down from somewhere around 20-25b at one point, if I recall; I tend to maintain debt for a while, and the only tracking I do is with a note in EVE (and a backup in my email) that says who I owe how much, and I just edit it as I pay people off, so I don't know how much exactly I've owed at any given time maximum :(
http://desusig.crumplecorn.com/sigs.html |

Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.10 15:31:00 -
[14]
Edited by: Dethmourne Silvermane on 10/10/2010 15:34:15 EDIT: Forgot to hotlink.
This is every bond/loan thread that I have done (that eve-search was kind enough to provide me). Note I've included both public and private loans, and included a failed bond offering, in the interest of complete data.
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1242285 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1217945 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1269548 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1386869 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1378661 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1309672 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1295661 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1283741
Also going to edit OP with these links.
http://desusig.crumplecorn.com/sigs.html |

XrayZII
AVE EVE
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Posted - 2010.10.10 16:35:00 -
[15]
1 tiny spot reserved for me (maybe more if u have avalible later) 
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Brock Nelson
Caldari Flux Technologies Inc SRS.
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Posted - 2010.10.10 16:47:00 -
[16]
Reserving 200m pending audit
oh wait...nm, 200m please
Originally by: Brock Nelson OP's question is translated as: Help, I'm a female stuck in a man's body, can Incarna help?
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Lauren Hellfury
Full Pocket Aggro
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Posted - 2010.10.11 00:02:00 -
[17]
reserving 10 bonds as discussed in game.
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Mikael Genexi
Gallente Product Number 3
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Posted - 2010.10.11 01:16:00 -
[18]
For what it is worth, I have invested several times with Dethmourne and he has always paid me back. I currently have a private loan out to him as well.
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bigestche
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Posted - 2010.10.11 02:40:00 -
[19]
Reserving 1 bond as dicssed in game
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wodahs hunt
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Posted - 2010.10.12 12:38:00 -
[20]
Hi
Reserve for me 2 bond .
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eliaja
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Posted - 2010.10.12 13:25:00 -
[21]
Originally by: 49473 This bond has received a credit rating which can be found here
although i have never bought a bond from this guy he should have received a better rating at least aa. with exception of the one failed bond this still has been one of the better investments.
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Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.12 16:23:00 -
[22]
Originally by: eliaja
Originally by: 49473 This bond has received a credit rating which can be found here
although i have never bought a bond from this guy he should have received a better rating at least aa. with exception of the one failed bond this still has been one of the better investments.
I appreciate the support..
I have to ask, though, are you an alt of somebody? Seeing a lot of new faces this time around when doing my bond, trying to find out where the sudden advertisement has sprung up.
http://desusig.crumplecorn.com/sigs.html |

eliaja
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Posted - 2010.10.12 17:30:00 -
[23]
Originally by: Dethmourne Silvermane
Originally by: eliaja
Originally by: 49473 This bond has received a credit rating which can be found here
although i have never bought a bond from this guy he should have received a better rating at least aa. with exception of the one failed bond this still has been one of the better investments.
I appreciate the support..
I have to ask, though, are you an alt of somebody? Seeing a lot of new faces this time around when doing my bond, trying to find out where the sudden advertisement has sprung up.
i have been around for awhile i just dont come to md to often but every once in awhile i poke my head out when i want to put my 2cents in
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Martosh Toma
Gallente Fraction Investment
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Posted - 2010.10.12 19:20:00 -
[24]
I reserve 1B worth in this bond.
I am also discussing an offer to partially back or insure this bond with 250K morphite
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Martosh Toma
Gallente Fraction Investment
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Posted - 2010.10.12 19:42:00 -
[25]
Having discussed this with Dethmourne i can offer the following if people are intrested.
I will back this offer with 250K morphite (roughly 1B at this time)(or use the term partial insurance if you will, or some mixed form of third party service even). This is roughly a 20% collateral, assuming you accept my word in this.
For this insurance I am asking the bond holders .5% on their investment, effectively making this investment returning them 3.5% instead of the 4% DS is offering them.
Would there be interest in this kind of service? PS the 250K is set, if less than all the bondholders would take me up on this offer they get a bigger coverage for the same price
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Yoshimo kovacs
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Posted - 2010.10.12 20:07:00 -
[26]
If any left I'll take 300m my first time to do this so interested how it goes. I assume you will contact via game for payment
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Berikath
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Posted - 2010.10.12 20:24:00 -
[27]
Originally by: eliaja
Originally by: 49473 This bond has received a credit rating which can be found here
although i have never bought a bond from this guy he should have received a better rating at least aa. with exception of the one failed bond this still has been one of the better investments.
I dunno- a BB rating seems reasonable to me. I read that as saying "Good credit rating, will likely pay back with no problems meeting terms of loan, fairly low-risk".
Certainly no disrespect intended, but it is a bond that: 1. Doesn't have firm terms (time limit, etc) 2. Has a low rate of returns 3. Is not collateralized or secured in any fasion
IMHO, a AA or AAA rating would indicate essentially "As close to an absolutely sure thing as possible"... which would require collateral, since there are a number of low-probability outcomes which are, nonetheless, still possible (scamming; hit by a bus; judges market wrong, loses money and can't pay back; stops playing). Also, in the OP he mentions that he has recently had significant losses; while I certainly applaud his honesty, that does strike me as a (pretty small) red flag (or maybe more of a big yellow flag).
I would read this as "A solid investment which has a quite low chance of defaulting, but still make sure not to invest more than you could comfortably survive with losing"; in short, BB or BBB. *** Wish list for PI:
*One-click input routing *Copy product, inputs & outputs in factories *Launchpad upgrades: twice the space, twice the cost, half the hassle! |

Dethmourne Silvermane
Gallente League of Gentlemen Warped Aggression
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Posted - 2010.10.12 20:46:00 -
[28]
The only argument I make with what you argue there, Berikath, is that in the linked thread it's rated as "non-investment grade".
http://desusig.crumplecorn.com/sigs.html |

49473
Jita Trade and Research Institute
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Posted - 2010.10.12 20:55:00 -
[29]
Originally by: Dethmourne Silvermane The only argument I make with what you argue there, Berikath, is that in the linked thread it's rated as "non-investment grade".
It's right on the border of investment grade and in fact the block that could potentially be insured by a third party would be investment grade.
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nalanthi
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Posted - 2010.10.12 20:56:00 -
[30]
I'd like to reserve 1 bond
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