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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.26 04:01:00 -
[1]
SHSG Big Bond
Bonds available: 100
Face value per bond: 100m
Total Bond Value : 10B
Bond Begins: Soon as filled
Maturity: 90 days+
Interest: 2.75% obo
Date of issuance: TBA
Date of maturity: TBA
Reserved:
This is the latest Bond by SHSG. We are looking to add liquidity for our core markets, and continue research for our BPO's. This bond will carry 7b collateral in the form ob bpo's.
We have asked Breaker77 To act as 3rd party, and await his reply. However if any investor can act as 3rd party and offer full research of the bpo collateral,or offer an alternative we are open to negotiate.
We would like to to run this for 90 days with the option to continue if all parties agree.
Please reply with concerns, questions, and/or ideas.
Thank you
Stealing Honest
CEO
SHSG
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.26 04:41:00 -
[2]
 Originally by: Darth Anonymous
What is the status of your previous bonds?
Of our 8 previous bonds and 1 IPO, all have ended in full payment.
We currently have 2 bonds running, both at 100% collateral. One ends in 10 days, the other in early Feb.
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.26 14:54:00 -
[3]
Originally by: Liberty Eternal
Originally by: Stealing Honest
This bond will carry 7b collateral in the form ob bpo's.
Which means that 3 billion isk of your loan will be non-collateralised, for which you are offering 2.75% interest.
A few questions:
1. Am I correct in understanding that this means that you are seeking non-collateralised isk for the first time [all your previous bonds having been 100% or more collateralised]?
2. Are you planning to get an audit now you are moving to the non-collateralised phase?
3. Do you plan to raise any additional isk during the 90-day period of this bond, either secured or non-secured?
4. Will your duties in Universal Railways impact on your business model in any way, and are you handling any public money in that corporation?
Thanks SH
To answer your questions.
1. Most of my previous ventures have been non-collateralised. If you look at the links provided by Torain in post #7, you will see that our first 2 offerings had collateral, the next 6 did not. When we started moving into bpos for research we began offering collateral again because of the loan sizes.
2.We do not plan to have a new audit, however you can look at our last audit done in Oct by VV for the premium bond. Linkage
3. I do not plan to raise any additional funds beyond these bpo bonds, until they are all paid off.
4. I handle NO isk for URAIL, my position is client grading, customer service, and flying da big boats. As for my business model, its the same as has been for years, and has changed little from when VV did the audit. Slow & Steady is my way.
Originally by: Agluhs
Some questions;
1 - Can you please provide links to your IPO and your previous 8 bonds?
2 - As for the uncollateralised portion, are you selling it seperate from the collateralised, or if this falls through everyone gets 70% of their cash back/ 70% of the investors get their money back?
3 - Can anyone provide proof as to Breaker77's validity as a third party?(not being an ass, just have never used him/seen him used)
1 - Torain was kind enough to link up my past offerings in Post #7.
2 - Im selling as 70% collateralised. If a bus should hit me, the 3rd party will sell the collateral to repay investors.
3 - We have used Breaker77 before, and he provides the research we need while acting as 3rd party.
Originally by: Caldariftw123
That's an awful interest rate .. 2.75% ?? "Or best offer" like someone is going to undercut it? You really are pushing the barriers with your bond now. Good luck, you've paid all the rest out, but I think this is verging on weasly :P
OBO goes both ways. People can feel free to pitch their best offer.
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.27 01:45:00 -
[4]
I edited the OP, for a bit of clarity. The 2.75% obo interest rate is not a one time payment, but per every 30 days.
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.28 15:31:00 -
[5]
Thank you everyone for your replies and eve mails so far. This bond is still open.
SH
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.28 15:59:00 -
[6]
Originally by: Jackie Fisher
How many BPOs is the collateral?
There will be 12 for this bond, all ships.
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.01.29 21:31:00 -
[7]
Thanks for the great offers. Im going to let this offering run through the weekend.
Once i hear back from Breaker77, i will let everyone know the start date.
SH
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.02.10 03:27:00 -
[8]
Sorry for the delay folks. We had to tie up some loose ends before we could launch this, but we are now ready to go.
If we don't get any more offers, and the current bidders are still interested we will launch this on Monday Feb 14th.
We are open for more bids until then.
SH
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.02.14 21:59:00 -
[9]
Thanks flakeys.
Ok everyone, as of now this offering is open to bids again.
SH
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