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Liberty Eternal
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Posted - 2011.02.16 12:43:00 -
[1]
My impression of your recent investment decisions is that you expose yourself to excess risk in a manner that is a little too impulsive.
Recent examples include the Lethal Entrepreuner IPO and potentially just as seriously, the decision to underwrite Kalrand's bond for just 1% of the overall value.
I don't want to sound unduly harsh, but you need to demonstrate a real improvement in your investment methodology and particularly in your ability to conduct a risk assessment.
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Liberty Eternal
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Posted - 2011.02.16 14:04:00 -
[2]
 Originally by: Kalrand
How would underwriting me be potentially as serious as investing in Lethal Entrepreneur?
Here is the underwriting offer:
Originally by: Dethmourne Silvermane
I'll still offer to, as somebody else put it, underwrite this. I think I'd have to limit my own liability on that to about 10b though.
A ten billion isk liability has thus been assumed, when DS has already declared himself to have a cashflow shortage and outstanding debts.
I'm not making a judgement on your character Kalrand. The decision to issue a 10-billion isk guarantee needs to be undertaken very carefully indeed, as there are a wide range of risks which may lead to a claim being made by the insured party.
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Liberty Eternal
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Posted - 2011.02.16 16:38:00 -
[3]
Originally by: Two Shots
Why would I invest in Kalrand at 5% when I can invest in other goons at 10%?
Who cares?
You're a goon - everybody gets it, you keep telling us enough. Now why don't you be a good boy and start posting on-topic or at least learn to troll properly?
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Liberty Eternal
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Posted - 2011.02.16 23:52:00 -
[4]
Originally by: Dethmourne Silvermane
Would it make my offering more or less attractive if I were to remove my 'underwriting' from kalrand's bond offer?
You don't need to fully remove it, but you should limit the amount you underwrite and perhaps charge a more substantial fee.
Also, you would need terms and conditions so that you don't get caught out by something silly - for example, if Kalrand was a day late making payments, or if an investor pretended not to be paid and you became liable. That sort of thing can become complicated.
@Block - how's that audit of BSAC that you promised several weeks ago?
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Liberty Eternal
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Posted - 2011.02.17 00:22:00 -
[5]
Originally by: Dethmourne Silvermane
I think you're misreading what I offered in his bond.
I effectively offered to run a 3% bond of up to 10b that would solely invest in his bond of 4%.
This excludes me from "oh he's a day late where's my isk" and "I didn't get paid". Basically I'd middleman up to 10b of it.
But this does bring up a valid note, that people are confused as to what i actually offered there.
I see. That wouldn't be a bad idea in principle, provided you spread your bets and did good research [and pursued a better interest rate].
Originally by: Block Ukx
Audit plans are coming along. We are almost done shifting assets of CSF into the new account. We are still looking for an auditor.
Now the dummy has a dummy corporation
http://en.wikipedia.org/wiki/Dummy_corporation
Originally by: wikipedia
A dummy corporation is one way to cook the books in a dishonest attempt to hide the true financial status of a company.
My emphasis added.
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Liberty Eternal
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Posted - 2011.02.17 09:01:00 -
[6]
Originally by: Florestan Bronstein
two full pages of discussion over a complete non-topic.
I agree. Block, you really need to maintain a minimum standard of civility and stop derailing other people's threads with lies about BSCAM. Spam Jita local if you want to promote your scam.
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