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Liberty Eternal
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Posted - 2011.03.04 23:23:00 -
[1]
Apologies but this bond has already been filled in-game. However, the reserve list is still open for 15 bil.
Introduction.
Good Evening to everybody. I'm looking to raise 15-billion isk in a 3-month bond for my Jita station trading. The bond will pay 15% interest per month and if it does well, I will hope to pay out some kind of bonus again to my investors.
Performance audit will hopefully be carried out by Varo Jan, subject to enough api data being successfully downloaded since last Saturday.
By way of introduction/re-introudction, I am a Jita station trader and an Objectivist - I'm a big fan of Ayn Rand and free-market capitalism. I find markets fascinating and almost all of my in-game time is spent analysing or trading in Jita markets. I've recently taken up small-scale frigate pvp to relax from market combat.
Outline Past Loans Past Audits Failed Bond NAV Business Plan
Outline
15 Bil Bond 3 month duration 15% interest Purpose - Jita station trading
Past Loans
1. 750mil - 1 bil repaid, VV audited 2. 1bil - 1.3 bil repaid. Varo Jan audited. 3. 2bil - 2.62 bil repaid.. Bond repayment was late, 1.6 bil repaid as compensation for total 4.22 bil repayment. Audited by Lord Arbalest. 4. 4bil - 7.2 bil repaid over 3 months, of which 1.4 bil was a bonus payment. Audited by VV.
Audits
4 previous audits, viewable in the links above.
Failed Bond
Bond 3 failed due to computer malfunction and was repaid 7 months later. A compensation offer and apology was accepted by my investors.
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Liberty Eternal
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Posted - 2011.03.04 23:25:00 -
[2]
Reserved for NAV and investor details
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Breaker77
Gallente Reclamation Industries
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Posted - 2011.03.04 23:26:00 -
[3]
Originally by: Liberty Eternal
4 previous audits, viewable in the links above.
Someone has to say it.
4 offers, 3 auditors... SCAM, auditm collateral, Ji Sama alt!!!
Good luck though.
P.S. No, I'm not available for an audit. Nothing against you, just don't have time.
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Mistress Reina
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Posted - 2011.03.04 23:42:00 -
[4]
2b transfer
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Liberty Eternal
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Posted - 2011.03.04 23:44:00 -
[5]
2 bil received.
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Saidin Thor
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Posted - 2011.03.04 23:57:00 -
[6]
Iskies transferred. Put them in the vault and hope they breed!
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Liberty Eternal
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Posted - 2011.03.04 23:59:00 -
[7]
Isk received, thanks Saidin.
& lol - I paid a billion isk for this audit and none of you are waiting for it!
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Saidin Thor
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Posted - 2011.03.05 00:26:00 -
[8]
Edited by: Saidin Thor on 05/03/2011 00:26:27 No worries, I'm definitely interested in the results of the audit, and it would definitely play a part in any future investing. That said, scamming this venture would be stupid, and you seem smart enough to see that. The only real risk I perceive for this bond is some outside influence suddenly changing something, which wouldn't be shown in an audit anyways.
~edit~ fixed because I accidentally a word.
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Strrog
Caldari Caldari Provisions
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Posted - 2011.03.05 02:38:00 -
[9]
Edited by: Strrog on 05/03/2011 02:43:27 Good day LE
Will log and send iskies.
2 billion sent.
GOOD LUCK
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Liberty Eternal
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Posted - 2011.03.05 02:47:00 -
[10]
Originally by: Strrog Edited by: Strrog on 05/03/2011 02:43:27 Good day LE
Will log and send iskies.
2 billion sent.
GOOD LUCK
Thanks Strrog, confirming receipt of 2 billion isk.
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Myra2007
Millstone Industries
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Posted - 2011.03.05 04:22:00 -
[11]
Not to be rude but is this a parody thread? --
Originally by: Professor Slocombe
I will only buy tickets if the prize is your stuff and you leave Eve. Forever. You irritating self obsessed cretin.
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Liberty Eternal
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Posted - 2011.03.05 04:28:00 -
[12]
Originally by: Myra2007 Not to be rude but is this a parody thread?
Nope. Check the links, they all work 
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John Galt
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Posted - 2011.03.05 05:10:00 -
[13]
Thanks for looking after my money while I'm gone in basic.
10b sent
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Liberty Eternal
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Posted - 2011.03.05 05:17:00 -
[14]
Any time John, confirming receipt of 10 bil.
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Strrog
Caldari Caldari Provisions
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Posted - 2011.03.06 21:57:00 -
[15]
Originally by: Myra2007 Not to be rude but is this a parody thread?
This is not a parody thread... go post that in EVEBANK... where i am still trying to fish out something of my 6 bill.
LE I heard you got a problem with an auditor he is not reachable at this time, its fine just keep it posted.
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Misty McGinnity
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Posted - 2011.03.06 23:07:00 -
[16]
Edited by: Misty McGinnity on 06/03/2011 23:07:51
Originally by: Liberty Eternal Isk received, thanks Saidin.
& lol - I paid a billion isk for this audit and none of you are waiting for it!
Tell me something, what % of your bond profits was that 1b isk, would seem you spent 3 months trading very hard only to hand it all over (1b isk) to an "lolauditer".
tbh to invest 1b in an audit, which is a half measure at best is pretty stupid way to spend isk, considering the size of the bond you issued.
edit: grammar
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Cheque Please
Hot Like Mexico
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Posted - 2011.03.06 23:12:00 -
[17]
Originally by: Misty McGinnity Edited by: Misty McGinnity on 06/03/2011 23:07:51
Originally by: Liberty Eternal Isk received, thanks Saidin.
& lol - I paid a billion isk for this audit and none of you are waiting for it!
Tell me something, what % of your bond profits was that 1b isk, would seem you spent 3 months trading very hard only to hand it all over (1b isk) to an "lolauditer".
tbh to invest 1b in an audit, which is a half measure at best is pretty stupid way to spend isk, considering the size of the bond you issued.
edit: grammar
shh, he's one of them roleplayers. Don't tap the glass.
(just messin with you Liberty ) --- RL Meeting w/ Chribba
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Misty McGinnity
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Posted - 2011.03.07 01:46:00 -
[18]
Honestly 1b for an audit? 
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Liberty Eternal
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Posted - 2011.03.07 03:14:00 -
[19]
Originally by: Misty McGinnity Honestly 1b for an audit? 
It's a performance audit, which is a time-consuming job and quite a bit more complicated than it might first sound [not everyone has the skill sets]. Anyway, I apologise for the delay, I assume Varo just has some other priorities to deal with right now so all I can do is wait.
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Misty McGinnity
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Posted - 2011.03.07 03:27:00 -
[20]
Edited by: Misty McGinnity on 07/03/2011 03:27:46
Originally by: Liberty Eternal
Originally by: Misty McGinnity Honestly 1b for an audit? 
It's a performance audit, which is a time-consuming job and quite a bit more complicated than it might first sound [not everyone has the skill sets]. Anyway, I apologise for the delay, I assume Varo just has some other priorities to deal with right now so all I can do is wait.
Please give a % of your take on the last bond Vs the 1b for the audit.
in other words, where did this 1b come from? you already paid out 15% on top of the principal, surely this audit can't have come from your earnings over & above the 15% interest?
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Liberty Eternal
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Posted - 2011.03.07 03:30:00 -
[21]
Originally by: Misty McGinnity
Please give a % of your take on the last bond Vs the 1b for the audit.
in other words, where did this 1b come from? you already paid out 15% on top of the principal, surely this audit can't have come from your earnings over & above the 15% interest?
From my final accounts
Source: EVEWalletAware, Tranquility, this thread
Trading Accounts
Total Purchases: 276.8 billion Total Sales: 301.2 billion
Trading Profit: 24.4 billion
Non-Trade Expenses
Loan Interest: 3.2 billion Audit: 1 billion Phlanthropy: 1.5 billion Ships: 250 mil PVP Character: 3 billion PLEX: 1 billion Implants & Skillbooks: 300 mil
Total Non-Trade Expenses: 10.25
NAV Statement
Stock: 100 mil Sell Orders: 5 Bil Cash: 7 Bil Alt Character: 3 Bil Ships: 450 mil
Total NAV: 15.5 billion Starting NAV: 2 billion
Net profit
As increase in NAV: 13.5 billion
So 7.4% is the answer to your question
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Misty McGinnity
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Posted - 2011.03.07 03:33:00 -
[22]
how many accounts do you have?
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Liberty Eternal
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Posted - 2011.03.07 03:38:00 -
[23]
Originally by: Misty McGinnity how many accounts do you have?
I have 2 accounts.
Main account: Liberty Eternal, alts are Liberty Child and Skynet2030
Second account: Major Deninard, purchased pvp character called Maximus Kentai on 26th February, and an unskilled alt called Zara Aideron.
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Misty McGinnity
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Posted - 2011.03.07 03:45:00 -
[24]
Originally by: Liberty Eternal
Originally by: Misty McGinnity how many accounts do you have?
I have 2 accounts.
Main account: Liberty Eternal, alts are Liberty Child and Skynet2030
Second account: Major Deninard, purchased pvp character called Maximus Kentai on 26th February, and an unskilled alt called Zara Aideron.
2? but you only had 1 audited by VV here from your bond 4:
Originally by: Vaerah Vahrokha I agreed taking an audit about the available data off Liberty Eternal, the Investors knowing in advance how he had an interruption of game play for some months (which led to a delayed bond pay back) and that he is in possession of one account as of now.
begs the question.
what is the birthdate of the 2nd account's characters, not the ones you bought, in particular this one: Major Deninard, with whom you bought the PVE account.
can you provide eveboard links of all of these characters? to prove there birthdates are after your last audit?
will both accounts be included in the current audit?
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Major Deninard
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Posted - 2011.03.07 04:05:00 -
[25]
Edited by: Major Deninard on 07/03/2011 04:07:07
Posting on Major Deninard to confirm I own him.
Originally by: Misty McGinnity
2? but you only had 1 audited by VV here from your bond 4:
begs the question.
what is the birthdate of the 2nd account's characters, not the ones you bought, in particular this one: Major Deninard, with whom you bought the PVE account.
Birthdate is 6th February 2011, after the audit you refer to which was posted on 6th December 2010.
Originally by: Misty McGinnity can you provide eveboard links of all of these characters? to prove there birthdates are after your last audit?
Liberty Eternal Liberty Child Skynet2030
Major DeninardCreated 6th February 05:51:00 Maximus Kentai Traded Feb 26th, see link Zara Aideron
I mentioned here
Originally by: Libert Eternal Second Account
I opened a second account two days ago. This will be a Gallente-based trader and pilot. I will put up his name once he is finished moving around sorting things out.
Originally by: Misty McGinnity will both accounts be included in the current audit?
It's a performance audit so the second account will only be very briefly looked at because all my financial trading occurs on Liberty Eternal which is where the emphasis will be.
In the event that the performance audit doesn't cover the second account satisfactorily, I will be happy to get it fully audited as a second audit.
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Liberty Eternal
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Posted - 2011.03.07 04:11:00 -
[26]
Edited by: Liberty Eternal on 07/03/2011 04:11:44 please ignore, double posted instead of editing
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Misty McGinnity
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Posted - 2011.03.07 04:14:00 -
[27]
tbh, i think you should have the 2nd account fully checked & audited. as you have stated that it is a gallente trader
even though audits can very easily be circumvented, and are a half measure at best.
thanks for your answers.
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Liberty Eternal
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Posted - 2011.03.07 04:24:00 -
[28]
Originally by: Misty McGinnity tbh, i think you should have the 2nd account fully checked & audited. as you have stated that it is a gallente trader
Good point, I'll see how the audit comes back and if it's insufficient I'll do that.
Originally by: Misty McGinnity
thanks for your answers.
You're welcome |

Liberty Eternal
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Posted - 2011.03.08 02:08:00 -
[29]
Edited by: Liberty Eternal on 08/03/2011 02:08:59 Just a quick update as unfortunately I've still not heard from Varo Jan. I'm working on the assumption that Varo has other priorities to deal with and so I'll wait until the end of the week and if there's been no progress, I will seek an audit from a different auditor.
I've evemailed my investors to update them. I've started trading and I will calculate interest payments from Friday 4th March.
Investors
Mistress Reina - 2 billion Saidin Thor - 1 billion Strrog - 2 billion John Galt - 10 billion
Interest Schedule
1. Monday April 4th - 2,250 mil payment 2. Wednesday May 4th - 2,250 mil payment 3. Saturday June 4th - 2,250 mil payment + Repayment of Bond
Interest Due per month
Mistress Reina - 300 mil Saidin Thor - 150 mil Strrog - 300 mil John Galt - 1,500 mil
Terms & Conditions
Waiting for Audit:
Investors may take back possession of their isk while waiting for the audit to be set up if they wish to.
Early withdrawls:
Investors may withdraw some or all of their isk at any time without penalty or fee if they need to, and will be paid interest calculated up to the day of withdrawl. A few hours or at most a day or two will be required to trade out of any position.
Audit & Security:
If at any time during the life of this bond an investor requests an audit or security check, they may do so and I will happily have a third party carry one out.
Data Release:
At the end of this bond I will publicly release all of my trading data.
Known Auditor Check:
Any established auditors who wish to check my accounts may take my full api at any time.
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Misty McGinnity
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Posted - 2011.03.08 03:19:00 -
[30]
tbh, i wouldn't let that nerd (varo jen)go anywhere near your accounts.
he is all over Brock's thread whilst ignoring you & this audit.
What does that tell you? hes too busy being a butthurt nerd, than helping you out.
--> get another auditer or better yet don't bother with it, you started already so who cares.
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