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Bad Bobby
Genos Occidere
HYDRA RELOADED
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Posted - 2011.05.02 07:31:00 -
[1]
 Originally by: Liberty Eternal
What we can know is that the structure of the offering is flawed because of the "anonymous client" - a mechanism which is easily open to misuse.
Assume Grendell will hold a huge amount of public isk and assets at some point during this loan. Accept that there is no security and all you have is Grendell's word. Accept that he is willing to act as a third party to people from all backgrounds including any and all from whatever list of villains you wish to name.
Does the identity of any one person from the rogues gallery of Grendell's clients really make that much of a difference?
While I can understand the concern that the anonymous client does not exist and it is all just a ruse, what does that really matter? Along that line of questioning all you really care about is the existance, value and security of 410b in collateral. Given you are going to have to take Grendell's word for that then we are really just back to where we started.
It's a 350b unsecured offering with a person who will also hold a large but unknown and unknowable amount of public isk and assets in parallel.
I agree that it isn't an ideal offering, but I really do not think that the anonymous nature of the client is anywhere near the top of the list of things to worry about.
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Bad Bobby
Genos Occidere
HYDRA RELOADED
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Posted - 2011.05.02 07:51:00 -
[2]
Originally by: Syds Sinclair
..[See post above].
I think you may have missunderstood on what side my opinion of Grendell falls.
I have, do and will continue to use Grendell and Chribba as 3rd parties for various deals. I do not use Darknesss because he shares corp/alliance history with me and thereby disqualifies himself as being acceptable to some 2nd parties.
I'm sure you can see that for me the need for a trusted 3rd party can be extremely frequent. They are essential. A necessary evil maybe. Without them I could not run a large and profitable part of my business.
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Bad Bobby
Genos Occidere
HYDRA RELOADED
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Posted - 2011.05.02 16:17:00 -
[3]
Originally by: Rafia Landras Audeles
But the relevant fact here is that beyond his word, we can't know that the blueprints exist. And the value of someone's word in Eve seems to be.. surprisingly close to negative these days.
Without a second party with its own corp history, subscription length and recognition how can one evaluate the existence of the collateral then?
And even if he wasn't out to cash out his rep, what stops him from giving himself a loan of 350 b isk at a low interest without any collateral ever existing?
You are overcomplicating your thinking with talk about the collateral.
Whether the collateral exists is unknown and unknowable therefore any question involving the collateral is pointless.
Distill it down to what you know about the offering.
Originally by: Bad Bobby
It's a 350b unsecured offering with a person who will also hold a large but unknown and unknowable amount of public isk and assets in parallel.
Do you trust Grendell under those terms or do you not?
Are you willing to accept the offered ROI or are you not?
The answer for some will be yes and the answer for some will be no.
Making it any more complicated than that does not really get you anywhere because you are simply asking questions that cannot be answered under the terms of the offering.
Any minor detail you might gain by squeezing a more complete discription from Grendell will only allow you to make minor adjustments to the risk profile. This will not allow you to escape the fact that MD ROIs do not allow you to accept anything more than the most minimal of risks because a loss in one investment can wipe out the return on your entire portfolio.
Originally by: Rafia Landras Audeles
the time of trusting people with over a third of a trillion isk mrely because they want it is long past.
You may wish that it was so but reality will not bend to those wishes.
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Bad Bobby
Genos Occidere
HYDRA RELOADED
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Posted - 2011.05.03 08:10:00 -
[4]
Originally by: Rafia Landras Audeles
You know, I happen to see a publicly known person who had a business which operated with very recognizable BPOS posting here a lot more lately.
Whats up bobby did your scam funds run out already?
Yes. You've got me. I frittered it all away on quafe and exotic dancers.
Fortunately Grendell is there to save the day.
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