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Corcyrus Endymion
Caldari
Excessum Corporation
Excessum Gaming
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Posted - 2011.02.10 18:56:00 -
[1]
Edited by: Corcyrus Endymion on 10/02/2011 18:56:34
 Originally by: Edwin Rothbard
Let's review:
1) OP asks for 1.3b isk without a track record, audit, or collateral
2) 21 hours 49 minutes later bond is filled
3) 59 hours 18 minutes later OP asks for an addition 3.7b isk
4) 18 hours 5 minutes later 4.5b of the 5.0b is filled (OP has stated NAV of approx. 700m)
5) profit?
The red flag to me is your unwillingness to see the original deal through before embarking on a new one.* You will miss deals over the next 27 days without the additional 3.7b isk. There were lots of good deals last month before you started raising money. There will be plenty more good deals next month when you have more money. IMO you should have stuck to your original plan for this month.
*Yes Edwin is paranoid about most things.
I wanted to not post any more negative stuff in other people's threads.. but this is just unbelievable. An original IPO for 1.3B getting filled is one thing, even if it's a pure gamble. A magical expansion concocted in the "I can haz investor" convo type of way and no one feels even a little bit... suspicious?
If you are in the MD for the long haul instead of a smash and grab, you are interested enough to read existing IPOs, you will want to be clear enough for reinvestment and you yourself will have a clear and present reason as to why you need X isk, why you need it now and why you don't have it/get it somewhere else. Failure to comply hereto means you're either a self proclaimed MD elite or in it for the very very short term....
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Corcyrus Endymion
Caldari
Excessum Corporation
Excessum Gaming
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Posted - 2011.02.11 17:05:00 -
[2]
Originally by: Lethal Entrepreneur
My end-game? I like a challenge.
A challenge? How is parting idiots with their isk a challenge? If you had LE/VV/RAW by the nose, that I would consider at least slightly challenging. This whole IPO was as obvious a scam as any other. Let alone the mere pittance you got away with.
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Corcyrus Endymion
Caldari
Excessum Corporation
Excessum Gaming
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Posted - 2011.02.11 17:18:00 -
[3]
Originally by: Lethal Entrepreneur
Edited by: Lethal Entrepreneur on 11/02/2011 17:12:16
Originally by: Corcyrus Endymion
Originally by: Lethal Entrepreneur
My end-game? I like a challenge.
A challenge? How is parting idiots with their isk a challenge? If you had LE/VV/RAW by the nose, that I would consider at least slightly challenging. This whole IPO was as obvious a scam as any other. Let alone the mere pittance you got away with.
Haha, reread what I said and what I was responding to. You can't move to better things without having some sort of startup ISK. 6.2b is chump change in the scheme of things, but it was a necessary take for the moment. Also it was a bond, principle pay back after fixed duration, all that jazz.
My bad. I was too engrossed in righteous fury and furious anger at the sheer greed of people throwing away isk/time because thinking is :effort:.
It's a sport I guess.
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