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Shar Tegral
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Posted - 2011.04.10 17:03:00 -
[1]
Details and stuff were on the old new forums. However I'll use this area here during the meantime for updates.
Today's update: Running over to an Eve Player's house to help him pack up so he can move. Won't be logging into Eve until late so transfer of share to Isk Ho will happen around then. VV will have my full api key sent via Eve Gate immediately after this post.
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
khai88
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Posted - 2011.04.11 06:15:00 -
[2]
you need to repost the detial here, new forum are dead
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Evolution1979
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Posted - 2011.04.11 11:07:00 -
[3]
Havent seen the details yet, but it sounds like a scam allready
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Shar Tegral
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Posted - 2011.04.11 11:16:00 -
[4]
Originally by: Evolution1979 tripe
You'd think someone in his 40's would have the huevos to post with his main. Nah, that would be too adult for some.
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Martosh Toma
Gallente Fraction Investment
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Posted - 2011.04.11 15:33:00 -
[5]
As you have posted elsewhere that that you are not very active in eve right now (only there to earn plex and uphold previous commitments).
Can explain taking on this new commitments while you are cutting back on your eve time?
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Shar Tegral
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Posted - 2011.04.11 16:44:00 -
[6]
For those who asked: The deal was offered to 5 individuals for them to option 1 billion isk each. The rate was 4% monthly plus a 10% balloon payment at closing. Here let me get the text of the eve mail I sent out: Originally by: "In Game Eve Mail" I hope that you have been following the thread on the Market Discussion forum as I've finally posted more robust details on this fundraising. The nitty gritty is simple: 4% monthly interest rate and a 10% balloon payment at closing. I'm inviting 5 people to fund this each at 1 billion. This means that per month each investor will be receiving an interest payment of 40M isk (total interest is 200M). Also when I finally repay each investor there will be an additional 100M balloon payment on top of the principle 1 billion isk.
It should be noted that I have not specific a close date and I am loathe to predict that point in the future. I can only say that I have, as a practice, closed my former projects in timely manners and I again intend the same here.
PS: This note is being sent to each person seperately to protect anonymity of people. Not that it is a mandatory requirement just being outted is not my choice to make for others. If'n you don't care, feel free to post your involvement in this project on the thread in question. (I like transparency myself! Gives bragging rights.)
So far to date only one person has not sent isk or responded. If s/he chooses not to get involved, no hard feelings. Be going "Hmmmmm" in my head though from lack of response. (Never can tell when RL hammers someone.) Originally by: Martosh Toma As you have posted elsewhere that that you are not very active in eve right now (only there to earn plex and uphold previous commitments). Can explain taking on this new commitments while you are cutting back on your eve time?
When I posted that I was posting about the current state of my affairs. Additionally should be added that no commitment of mine lapsed at any point during my drastically cutback time. One key thing is that I am not alone in Eve. Nor do I work alone. I.e. Skyvyr only interacts with me occasionally - A specific handler was assigned to him to ensure continued operation and satisfaction (for both parties). I eve mail him every so often to see if things are working well or if there needs to be any changes to our partnership. As to new commitments: I took on some commitments before seeking this "loan/bond". I took them on out of friendship and the fact that it is not really too much work or time. I'm abstracted from the marketplace so there is not much demand upon me to run/oversee this. Essentially right place and right person for this small thing. One other thing though: At the Pax East event I met some new (to me) eve players in person. Since then I've even gone out for an evening's entertainment with one and plan to be much more socially active with local players. It has kind of reinvigorated my interest in Eve... even in spite of Boot.ini redux. Please feel free to let me know if I suitably answered your question(s).
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Shar Tegral
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Posted - 2011.04.11 17:00:00 -
[7]
I think, perhaps, some clarification of my place in this affair: I'm just a hub. Everyone involved pretty much trusts me but even then I still arrange processes so that trust levels are minimized. I'll use the Guardian arrangement as an example: - BPO owner has alt in corp. He can see jobs being made, he can view corp wallet, he knows that the BPO is locked down. This is the single biggest trust/risk factor involved in the process.
- Skyvyr only has to put up contracts with materials and isk for each batch of product that he wants. No more, no less. I personally accept each contract.
- The handler then delivers, by contract, product within 10 - 15 minutes. Then the handler arranges for most product to be manufactured with the materials procured.
- I simply make sure that Skyvyr's contacts are accepted. I make sure that when the handler runs a batch of product I pay the BPO owner their royalty payment per run. Then the handler gets paid.
My involvement is minimal but also crucial. Each person involved trusts me. Over time they may trust each other but as long as the process is followed, it doesn't much matter.
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Isk Ho
Stupid Spoiled Ho EVE Trade Alliance
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Posted - 2011.04.11 19:20:00 -
[8]
Update: Share not received yet.
Your signature is too large - Mitnal
Last night a mod ate my sig, last night a mod ate my sig - Mitnal broke my heart :( |
Shar Tegral
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Posted - 2011.04.11 22:27:00 -
[9]
To update, the hold out actually did send me a response. Cleared things up with a follow up eve mail to me. All good. Originally by: Isk Ho Update: Share not received yet.
Sent. I'm enjoying the irony on this btw. Way back when you did your own ipo and I invested & audited yours. Now the world has turned and in the inverse situation. I love this game!
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Hawkcrest
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Posted - 2011.04.11 23:43:00 -
[10]
I am still around Shar, so should you have anything you would like to do send me an evemail.
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Shar Tegral
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Posted - 2011.04.11 23:49:00 -
[11]
Originally by: Hawkcrest I am still around Shar, so should you have anything you would like to do send me an evemail.
You are still on my watch list old friend. (Wow, been since 2003!)
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Two Gun
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Posted - 2011.04.12 01:10:00 -
[12]
Originally by: "In Game Eve Mail" I hope that you have been following the thread on the Market Discussion forum as I've finally posted more robust details on this fundraising. The nitty gritty is simple: 4% monthly interest rate and a 10% balloon payment at closing. I'm inviting 5 people to fund this each at 1 billion. This means that per month each investor will be receiving an interest payment of 40M isk (total interest is 200M). Also when I finally repay each investor there will be an additional 100M balloon payment on top of the principle 1 billion isk.
It should be noted that I have not specific a close date and I am loathe to predict that point in the future. I can only say that I have, as a practice, closed my former projects in timely manners and I again intend the same here.
PS: This note is being sent to each person seperately to protect anonymity of people. Not that it is a mandatory requirement just being outted is not my choice to make for others. If'n you don't care, feel free to post your involvement in this project on the thread in question. (I like transparency myself! Gives bragging rights.)
I can verify that this is the actual content of the evemail that Shar sent out to me.
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MailDeadDrop
The Collective
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Posted - 2011.04.12 03:07:00 -
[13]
Originally by: Two Gun
Originally by: "In Game Eve Mail" (Snipped for brevity --MDD)
I can verify that this is the actual content of the evemail that Shar sent out to me.
Uh, no. You can only verify that it is the actual content of the evemail that you received. You can neither confirm that it is the content that was sent, nor that it was Shar who sent it, without relying on assurances from CCP. Normally I'd let that slide, but given recent events with CCP's security I feel the need to point it out. Because I'm petulant like that.
MDD
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Shar Tegral
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Posted - 2011.04.12 03:11:00 -
[14]
Originally by: MailDeadDrop Because I'm petulant like that.
The question that begs to be answered is: Petulant at who? The OP? Then this post was beneath you. CCP? Plenty of other threads you could've added your opinion.
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Magnu Stormhawk
Stormhawk Enterprises
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Posted - 2011.04.12 06:42:00 -
[15]
Confirming ISK sent.
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Isk Ho
Stupid Spoiled Ho EVE Trade Alliance
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Posted - 2011.04.12 06:53:00 -
[16]
Originally by: Shar Tegral
Originally by: Isk Ho Update: Share not received yet.
Sent. I'm enjoying the irony on this btw. Way back when you did your own ipo and I invested & audited yours. Now the world has turned and in the inverse situation. I love this game!
Received
Yeah i'm liking the role reversal too. Make sure you dont sass the auditor!
Your signature is too large - Mitnal
Last night a mod ate my sig, last night a mod ate my sig - Mitnal broke my heart :( |
Allison A'vani
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Posted - 2011.04.12 08:21:00 -
[17]
Sounds like a Ponzi scheme, interesting...
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Shar Tegral
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Posted - 2011.04.12 11:12:00 -
[18]
Originally by: Allison A'vani Sounds like a Ponzi scheme, interesting...
Of course it does! How could it not? However like many uninformed hoi polloi you have mistakenly put the situation in reverse. The truer statement would be, " Ponzi schemes try to sound like this." It is easy to say everything sounds like a scam simply because all scams try to sound legitimate. Thus everything legitimate sounds like a scam. As with everything knee jerk reactions or judgements fail to cover all situations. In this particular case five billion is small beans compared to some of the other projects I've been part of in the past. And, sadly, some of those projects did wind up going "scam". No fault of my own, in fact I was, most of the time, the whistle blower. But that is neither here nor there. There is one small benefit to calling everything scam. You get to be right some times. Then when stuff goes kablooie you get to run around about how right you were and how delicious the tears are and please QQ moar. Only just and proper that little people have their little entertainments. But I ask you this, will you be as butthurt when this turns out not to be scam? Of course not, not as much fun when it is only one person looking like a smacked ass. In my opinion, your non-content trolling post only proves one thing about you: You are a coward. You popped your head in to toss in what you thought was funny & provocative without any substantiating of your opinion. I prefer to think that you did not share an opinion from cowardice instead of lack of intelligence. But on the Eve forums, one can never be sure. Thank you for your contribution however. Started off my day nice and feisty. To paraphrase Hexxx, "Nothing like the smell of napalm from flaming someone first thing in the morning."
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Amar Azaph
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Posted - 2011.04.12 13:14:00 -
[19]
How does one go about joining the fund?
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MailDeadDrop
The Collective
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Posted - 2011.04.12 14:27:00 -
[20]
Originally by: Shar Tegral
Originally by: MailDeadDrop Because I'm petulant like that.
The question that begs to be answered is: Petulant at who?
Well, in my vocabulary "petulant" has the connotation of "unfocused". For example, one can be annoyed at the neighbor kid who climbs over your fence, while simultaneously being the petulant neighborhood "old man" (think: Mr. Wilson). But perhaps I am unique in that connotation of petulant. *shrug* (Aside: wouldn't it be "... at whom?")
Originally by: Shar Tegral The OP? Then this post was beneath you.
Agreed. You (the OP) have done nothing (recently ) to deserve this intrusion. My comment was directed slightly at Two Gun, but predominately at the CCP-cloud. (Aside: FF originally auto-corrected that to "CCP-clown". How apropos...)
Originally by: Shar Tegral CCP? Plenty of other threads you could've added your opinion.
Agreed. But the other threads were less likely to get an intelligent response than yours...
MDD
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MailDeadDrop
The Collective
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Posted - 2011.04.12 14:33:00 -
[21]
Edited by: MailDeadDrop on 12/04/2011 14:33:42
Originally by: Shar Tegral
However like many uninformed hoi polloi you have mistakenly put the situation in reverse. The truer statement would be, "Ponzi schemes try to sound like this." It is easy to say everything sounds like a scam simply because all scams try to sound legitimate. Thus everything legitimate sounds like a scam.
This needs to be placed in the forum's FAQ (both old forums and new) as well as in the Evelopedia. It's one of those fundamental truths that remains below the radar until someone slaps you in the face with it.
MDD Edit: fixed improper quoting.
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Martosh Toma
Gallente Fraction Investment
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Posted - 2011.04.12 18:21:00 -
[22]
Question answered. Have not checked if I was invited to participate, but I would like to join in for a share under the same conditions.
Assuming you take personal responsibility on this offer(as I cannot check the other forum for details right now and your posts seem to sugest you are securing this offer personally)
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Shar Tegral
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Posted - 2011.04.13 00:55:00 -
[23]
Originally by: Martosh Toma Assuming you take personal responsibility on this offer(as I cannot check the other forum for details right now and your posts seem to sugest you are securing this offer personally)
I am most assuredly directly involved in this. Not just personally responsible for other player's behaviors. Sorry, gone that route in the past and I'm just tired of getting roasted when someone does a runner. That being said, everyone bought in so there's no open spaces. Depending on success of this I might reopen my old Certificate of Deposit program. But that's a ways off. So sorry, would've loved to have you in the group.
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Shar Tegral
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Posted - 2011.04.15 21:15:00 -
[24]
Apr 15th Update
Marking the 15th of the month as "payment" day. Made the first payment this day even though it hasn't yet been 30 full days. <shrugs>
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Isk Ho
Stupid Spoiled Ho EVE Trade Alliance
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Posted - 2011.04.16 12:22:00 -
[25]
Dividend received. No open or recently closed votes noted.
Thanks Shar :)
Your signature is too large - Mitnal
Last night a mod ate my sig, last night a mod ate my sig - Mitnal broke my heart :( |
flakeys
The Great cornholio's
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Posted - 2011.04.16 12:30:00 -
[26]
Confirming payment , thx.
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Shar Tegral
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Posted - 2011.04.17 10:48:00 -
[27]
Sent out this eve mail last night: Originally by: In Game Eve Mail Sorry to seem wish washy here but one of my corp mates (Athre) has unsubbed her Eve Account and bascially dumped all her stuff on me. It's about 2 mill m3 of stuff spread out over 150+ stations. Roughly 70 billion isk of items and bpo's. I'm trying to absorb it all and put it too good use (Eve Asset Manager is great for inventory and valuation btw!) but doing so is going to seriously consume my time over the next couple of weeks.
So I'm going to return everyone's principle payment (minus 10% balloon payment) and consider the first interest payment a thanks for the investment. Any issue with that?
Three of five investors have responded so far with agreement that having run so short a time the one interest payment is enough of a good faith gesture. So I'll be returning everyone's principle back and refactoring my plans. The self judgment I expressed is valid though, sorry to have changed position(s) so quickly but this matter crept up on me (I knew she was done with Eve) but the full impact of all her stuff (and liquidating it for her) was not something I was aware of in the least. I've come to realize, now, that not only was she doing some profitable ventures of her own but while acting as my aide de camp she mirrored many of my own market maneuvers. Picked my brain like a tobacco field and then smoked me at my own game. That'll teach me to get all lackadaisical. And I should point out that last line is one of self deprecating humor not any kind of begrudging feeling. She and I (yeah a real woman in Eve!) have often been corp mates and inseparable friends since 2003 even with her multiyear break from the game. She was never much into the market and trading so to see her end game "casual" success level makes me proud like an older brother.
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
Shar Tegral
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Posted - 2011.04.19 11:41:00 -
[28]
Okay, all monies returned. Gonna let this thread live for a day or two so that those willing can confirm (or not) then I'll have this thread locked. (That is if the new forums don't suddenly appear.)
Wealth, howsoever got, in Eve makes Lords of morons and gentlemen of thieves; Aptitude and intellect are needless here; 'Tis impudence and money that grants fame. |
flakeys
The Great cornholio's
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Posted - 2011.04.19 12:02:00 -
[29]
Confirming isk returned , thanks shar.
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Magnu Stormhawk
Stormhawk Enterprises
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Posted - 2011.04.19 12:31:00 -
[30]
Confirming ISK returned.
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