Pages: [1] 2 3 :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.08 11:38:00 -
[1]
Hello, MD. Let's make some isk together.
TLDR:
Principal: 4.9B Interest: 3-8%/month (see below) Funds due: on or before May 11th, EVE time Payment: interest on or before June 11th, EVE time; principal + interest on or before July 11th, EVE time Collateral: >4.9B in (undisclosed, NPC-valued) BPOs held by Dethmourne Silvermane Current outstanding debt: None Purpose: I'm an industrialist with two very different businesses. My original, high-ROI niche uses blueprints that are too inexpensive to collateralize loans. My previous two bond offerings financed my expansion into a class of products that, while offering a worse ROI, use blueprints valuable enough to let me finance their manufacture with collateralized loans. This offering will roll over and expand that debt.
I've already purchased the relevant BPOs off contracts. Most are either already in the third party's (Dethmourne Silvermane's) possession or have been contracted to him; unfortunately, the kind soul that researched one of the BPOs I purchased, in his infinite wisdom, spent plenty of time on ME but didn't bother to do any PE work. The delay before funds are due (see above) is so I can wrap up some PE research myself and then hand the BPOs to Dethmourne before any of your precious isk leaves your hands.
I'm creating this BPO-collateralized bond simultaneously as another collateralized by 300 units of Quafe Zero (link forthcoming). I'm explicitly splitting the two so that, in the event I default, Dethmourne doesn't have to figure out who gets blueprints and who gets soda.
Audit: None. I can't seem to find an auditor, and it's not for lack of trying (see here, here, and here). I've been delaying my planned uncollateralized offering, in part because I've needed the prep time for an expansion and in part because I haven't been audited. I think I've come up with a creative solution; stay tuned for news Soon(tm).
Bidding: The 4.9B in debt will be auctioned off here. If interested, please post with the amount you'd be lending as well as the minimum interest rate, no greater than 8%, you'd be willing to accept. Please only bid in increments of 100M and integer interest rates. On or before May 10th, EVE time, I'll close bidding and pick winners by starting with the lowest interest rate asked and climbing higher until either the bids are exhausted or the bond is filled. All winning bidders will receive the highest, clearing rate, so you aren't penalized for bidding lower.
Buyout: If at any time one or more investors collectively cover the entire 4.9B bond at 3%, bidding will be closed and those investors will win.
Risks: The only risk to investors is if both Dethmourne and I walk. If I walk off with the isk, Dethmourne is in possession of >4.9B of my BPOs; if Dethmourne walks off with the collateral, I'll cover investors' repayments myself.
History: [BOND #1] (failed, but you can still see how I answered questions) [BOND #1.5] & [BOND #1.5.1] (3.1B total, 100% collateralized, closed successfully)
Future plans: Expect an uncollateralized offering within the next month, once I get enough faction standing to put up POS's and take my core manufacturing niche's business plan to additional Empire trading hubs.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.08 11:42:00 -
[2]
DO NOT SEND ME ISK YET. As explained in the OP, most, but not all, of the collateral has changed hands. I'll post when I've finished transferring the blueprints to Dethmourne Silvermane, and he can then confirm.
Separating this from the OP so that the timestamp on this disclaimer doesn't lose credibility when I edit the OP. This post will never be edited. (Hope I didn't make any typos.)
|
khai88
|
Posted - 2011.05.08 12:22:00 -
[3]
200m at 3%
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.08 12:27:00 -
[4]
Final winning creditors: TBD
Current winning bids: khai88: 200M @ 3%
(note that interest rates listed above are the bids; the winning creditors will actually get the possibly-higher clearing rate)
Other bids: None
|
Galleus Oramara
|
Posted - 2011.05.08 13:40:00 -
[5]
1 Bil at 5%
|
ameerkam47
|
Posted - 2011.05.08 13:56:00 -
[6]
500 mil @ 4%
|
Lauren Hellfury
Full Pocket Aggro
|
Posted - 2011.05.08 13:59:00 -
[7]
What? No max return bid? Let's help you guys out
100m @ 8%
|
Rot Thun
|
Posted - 2011.05.08 14:48:00 -
[8]
1B at 7%
|
Dethmourne Silvermane
Gallente Saiph Industries SRS.
|
Posted - 2011.05.08 15:35:00 -
[9]
100m @ 8%, IF nobody objects to me holding a small stake in this -and- holding your BPOs/quafe zero (see this thread).
In any case, confirming I have most but not all of the BPOs at hand; I will do a final confirmation once Kethas has resolved his PE research issue and handed me the remainder.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.08 15:44:00 -
[10]
Thanks, Deth. No objections here re: the 100M, although I suspect/hope that the rate will go below 8% before bidding closes on a collateralized loan.
|
|
E Trade
|
Posted - 2011.05.08 23:08:00 -
[11]
1b @ 7% please
|
egola
Amarr
|
Posted - 2011.05.08 23:48:00 -
[12]
1b at 8%
|
Tanaka Kharn
|
Posted - 2011.05.09 00:08:00 -
[13]
4.9 at 4%
|
Exordium8
Minmatar Not a Shell Corp
|
Posted - 2011.05.09 00:58:00 -
[14]
1B at 3% --------------------------------- Pillage, then burn. Everything is air-droppable at least once. There is no 'overkill.' There is only 'open fire' and 'time to reload.
|
Grendell
Technologies Unlimited
|
Posted - 2011.05.09 01:26:00 -
[15]
If I can hold the collateral I'd fund the whole thing at 3.5%. You would need to disclose exactly which BPO's they are though. Grendell ♥
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.09 09:28:00 -
[16]
Originally by: Grendell If I can hold the collateral I'd fund the whole thing at 3.5%. You would need to disclose exactly which BPO's they are though.
Thank you for the interest, Grendell; I'm flattered. Unfortunately I need to be able to manufacture off the BPOs being used as collateral, and as I already have a shell corp setup with Dethmourne for this purpose I'm not sure it makes sense to switch things up, at least in the short term.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.09 09:43:00 -
[17]
Bid summary post updated. As a side note, I'm thrilled that one of the winners is a fellow enthusiast of a particular lumpy, green, peat-textured mercenary.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.09 13:47:00 -
[18]
Edited by: Kethas Protagonist on 09/05/2011 13:51:01 I should have specified in the OP that, when counting up accepted bids, I may have to only accept a portion of the capital from the last bid accepted in order to match the 4.9B ceiling. I thought it was implied, but as I didn't explicitly set it out that way I'll leave the decision in the relevant investor's hands.
Tanaka, if you'd be willing to let me accept 3.2B of your 4.9B bid, then I'd be okay with closing the bidding right now (making the interest rate 4% and the above bid summary post final). If that's not acceptable, then I can think of two edit: three ways to proceed:
1) You and I directly negotiate a (presumably higher) interest rate for the 1.7B not covered by the collateral BPOs, and I borrow that uncollateralized.
2) We leave the bidding open.
3) I collateralize the 1.7B difference with the 300 units of Quafe Zero that's having trouble finding a creditor in this thread, valuing them at 5.67M/can in the event I default.
Let me know what you'd like to do. Edit: I'm partial to #3 above, for obvious reasons.
For now, the bidding is still open, so if anyone would like to swoop in and cover the remaining 3.7B at 3% that'd work too.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.09 14:14:00 -
[19]
I've talked to Tanaka and he's agreed to let me collateralize 1.8B with the 300 units of Quafe Zero, bringing his total investment to 5.0B. He's asked that he hold the Q0 himself during the bond, which I've agreed to. The final bond structure is thus:
Collateralized by >4.9B in NPC-valued, Dethmourne Silvermane-held, BPOs:
200M (khai88) 500M (ameerkam47) 1B (Exordium8) 3.2B (Tanaka Kharn)
Collateralized by 300 units of Quafe Zero, held by Tanaka Kharn:
1.8B (Tanaka Kharn)
... all at an interest rate of 4%/month.
I've asked Tanaka to post here confirming our plan. I'll also contact Dethmourne and ask that he return the Quafe so I can contract it to Tanaka.
With that, bidding is closed. Thank you, everyone, for your interest. I should be able to transfer the last of the BPOs to Dethmourne early Wednesday, at which point he can confirm and investors can transfer funds.
|
Tanaka Kharn
|
Posted - 2011.05.09 14:21:00 -
[20]
Ya what Kethas said.
Just waiting on confirmation from Dethmourne Silvermane that heÆs received the full collateral covering the 4.9 bil.
Also rumors are unfounded that I ever had a Quafe Zero addiction and this collateral is like totaly safe...
|
|
Grendell
Technologies Unlimited
|
Posted - 2011.05.09 14:24:00 -
[21]
Originally by: Kethas Protagonist
Originally by: Grendell If I can hold the collateral I'd fund the whole thing at 3.5%. You would need to disclose exactly which BPO's they are though.
Thank you for the interest, Grendell; I'm flattered. Unfortunately I need to be able to manufacture off the BPOs being used as collateral, and as I already have a shell corp setup with Dethmourne for this purpose I'm not sure it makes sense to switch things up, at least in the short term.
Ah fair enough, maybe next time.
Grendell ♥
|
Dethmourne Silvermane
Gallente Saiph Industries SRS.
|
Posted - 2011.05.09 19:41:00 -
[22]
Confirming transferred the Quafe Zero back to Kethas; still pending that BPO for full collateral on the BPO-collateralized portion.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.09 19:48:00 -
[23]
Originally by: Dethmourne Silvermane Confirming transferred the Quafe Zero back to Kethas; still pending that BPO for full collateral on the BPO-collateralized portion.
Confirming receipt. The PE job will finish early Wednesday (the 11th), so despite the initial flurry of activity we can all actually sit back and relax a bit for now. I'll post once all the BPOs have been transferred.
|
Tanaka Kharn
|
Posted - 2011.05.11 10:42:00 -
[24]
sent my 5 bil and got the 300 quafe... Should prob have wait till 3rd party gets the collateral...doh
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.11 10:43:00 -
[25]
I've contracted the remainder of the BPOs to Deth and have requested that he confirm receipt here. Once he does so, khai, ameerkam, and Exordium, please transfer funds when convenient. Tanaka's already traded his 5B for the Quafe via contracts.
|
khai88
|
Posted - 2011.05.11 14:10:00 -
[26]
Isk send
|
ameerkam47
|
Posted - 2011.05.11 14:15:00 -
[27]
as soon as he confirms I will send over isk
|
Dethmourne Silvermane
Gallente Saiph Industries SRS.
|
Posted - 2011.05.11 16:27:00 -
[28]
Confirming I now have all the BPO collateral, and lockdown vote has been proposed; as sole shareholder I've approved it, and last I checked this means it is safely locked down (even though the voting period isn't over).
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.11 16:36:00 -
[29]
Thanks, Deth.
Originally by: khai88 Isk send
Confirming receipt of 200M.
|
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.05.11 23:54:00 -
[30]
Ameerkam? Exordium? I'm actually set on capital for the moment courtesy of Tanaka, so I'd be happy to extend a 24-hour grace period because of the delay waiting for the PE work to wrap up.
Tanaka (or anyone else), if one or both of those folks are noshows, would you be interested in covering?
|
|
|
|
|
Pages: [1] 2 3 :: one page |
First page | Previous page | Next page | Last page |