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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.27 15:52:00 -
[1]
Edited by: Darknesss on 27/02/2011 15:52:23
Hey all,
I'm looking for one party to loan me 60-65b ISK at any one time (I wouldn't be comfortable loaning any more than this). This is to help fund a private project of mine that requires large ISK capital. I am looking to speed this project up.
As you may or may not know I currently act as a 3rd party in the trading of titans and motherships which provides me with a very profitable business based on trust.
What do you get?
A incredibly safe investment that will always be backed up by my own assets (I can provide screenshots of these) should something go wrong.
Quick and prompt weekly paid interest
What do I want?
Friendly investor
Even though I have the assets to sell to cover this loan, anyone I work with would need to give me notice if they need their investment back as the assets I have are not too quick to sell. I imagine one months notice would be suitable to let me raise the required capital to re-pay.
Please convo/mail me if you think this investment could be for you. I would be happy to answer any questions you have, though I will not speak with alts regarding this proposal.
If I cant find anyone suitable it wont be the end of the world, this is just something i've been curious about doing so i'm putting some feelers out to see what is out there.
Dark
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.27 16:53:00 -
[2]
Well I could be open to more, but I really want to keep things very simple indeed, and for lower amounts I think overall people will want a higher return.
The rate is really negotiable.
What offer would you give in terms of isk and what return would you want if it was divided up between 3-4-5 people?
Dark
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.27 17:13:00 -
[3]
lol :(
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.27 22:57:00 -
[4]
Edited by: Darknesss on 27/02/2011 22:57:14
Edwin Rothbard
1) Length is undetermined, I would like to be able to finish off paying the loan at any time, in all likelihood if I had the ISK to do that though, I would probably rather continue the loan and reinvest, at some point however I will pay the loan off in full, it really depends on when I'm in a suitable position to do that.
2) Interest is negotiable, obviously I'm looking for the best deal I can and I have to weigh up whether the loan is also worth it to me and you of course have to know its worth it for you.
3) Collateral would be hard to provide as my assets are in constant use generating more income, providing them as collateral would damage profitability and ultimately be an extra cost on the interest I would already be paying out. What you would have as collateral is my reputation, which is worth far more than 65b.
4) NAV is relatively large, certainly a lot larger than the loan I'm looking for, I would be happy to discuss that point with you in private but I prefer not to air it all on a public forum, I'd rather keep as much information as possible private.
Cosmoray
There are never any guarantees but there are varying degrees of risk. Taking into account that I on a daily basis handle sums larger than the loan I'm looking for I would say that my original comment of it being a very safe investment stands.
1. Because even very profitable businesses such as mine take time to accumulate that cash. Even though alot of my current assets which I had originally planned to sell off at this time's base value EASILY covers the loan i'm asking for, their value has depreciated and I believe the price will soon go back to what it previously was, allowing me to make the profit originally intended.
More important to me than money is time, and the time I spend making the ISK could be used effectively to further my project. I by no means NEED a loan, I simply think that it would speed things up for me.
2. Depends what it involves, I will not reveal the location of my assets, so I would not allow anyone to enter the corporation with my assets in. I can offer video footage of the assets I have and or screenshots.
3. My assets will remain under my complete control. I would rather go the patient route and raise the cash myself than split up control of my assets. I understand this could put potential investors off, if thats the case then I understand completely, but its not something I would be happy to do.
If these terms are not acceptable to anyone then thats absolutely fine and I COMPLETELY understand the hesitation. What I would say is that a simple calculation from my thread alone will show that I would be an idiot to throw that business away for 65b.
I hope that answers both of your questions :)
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.28 15:40:00 -
[5]
Hello guys,
I'm currently in work so I apologise if my wording does not appear completely clear in advance.
Firstly thanks to people for sticking up for my reputation :)
I completely understand the views of Raw and some others, I really do. It is not my intention to be too shady or quiet, but there are things I would rather not be in public domain such as my NAV. If there is a reputable auditor I would be happy to allow him to view those assets, which he would see could easily cover the loan I am asking for. It would also show that my investment is 100% safe ie. not locked up in assets at risk. I would not want the auditor however to give out full details of what the NAV is or where the assets are held/what they are.
I also understand the point about having multiple 65b loans, as a counter to this I would be happy to announce the name of my investor or the name of one of his alts to confirm open and publicly that this is the only loan I have accepted preventing me from dooping lots of people out of it and going for what some could call an end-game scam.
As I said before if I cannot reach an agreement with an investor about the level of privacy I would like then I simply wont take out a loan. I fully accept this may be the case!
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.28 16:26:00 -
[6]
Learn... BAH what is this!
Only kidding. Yeah i'll be the first to admit i'm not familiar with these forums or how things work here, and apart from the huge scam ie. Bad Bobby I dont really hear much about them either.
I want something quick, simple and straight forward for me as much as the potential investor.
It was merely a little idea that was niggling at me and I thought no harm in putting it out there and seeing what comes back.
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.28 17:33:00 -
[7]
 Originally by: Edwin Rothbard
Originally by: Darknesss
It would also show that my investment is 100% safe...
Unless you are contracting items worth 65b isk to the lender this is not 100% safe.
Indeed I meant that the capital will be 100% safe. Whether you think i'll run off with it is another matter.
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.28 19:40:00 -
[8]
After speaking with aishwarya (a nice man indeed) he has made me a very fair offer. I will give someone else time to do a counter offer, if no other offers are received I will either accept the offer or decline it and close the thread/request.
Also thankyou to Raw and others for advice, I certainly lack the experience in MD :)
Dark
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.28 22:37:00 -
[9]
I have decided to decline the offer of a loan from Aishwarya and have decided to keep going my own route without loans.
Thankyou all for your time and comments.
Dark
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Darknesss
V0LTA
VOLTA Corp
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Posted - 2011.02.28 23:40:00 -
[10]
Originally by: RAW23
Originally by: Darknesss
I have decided to decline the offer of a loan from Aishwarya and have decided to keep going my own route without loans.
Thankyou all for your time and comments.
Dark
Do you mind if I ask what rate you were looking for?
Anything 5% or lower I was considering, the final decision though wasnt about the interest rate though, the interest was more than fair!
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