Pages: 1 [2] 3 :: one page |
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Thread Statistics | Show CCP posts - 0 post(s) |
ameerkam47
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Posted - 2011.05.12 02:00:00 -
[31]
isk sent
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.05.12 02:08:00 -
[32]
Originally by: ameerkam47 isk sent
Confirming receipt of 500M, thank you.
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Exordium8
Minmatar Not a Shell Corp
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Posted - 2011.05.12 13:00:00 -
[33]
Isk sent, sorry about the delay --------------------------------- Pillage, then burn. Everything is air-droppable at least once. There is no 'overkill.' There is only 'open fire' and 'time to reload.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.05.12 14:17:00 -
[34]
Originally by: Exordium8 Isk sent, sorry about the delay
Confirming receipt of 1.0B. With that, we're now up and running.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.05.12 14:27:00 -
[35]
For my own reference as much as anyone else's:
Obligations on or before June 11th: Tanaka Kharn: 200M interest Exordium8: 40M interest ameerkam47: 20M interest khai88: 8M interest
Obligations on or before July 11th: Tanaka Kharn: 200M interest + 5B principal Exordium8: 40M interest + 1B principal ameerkam47: 20M interest + 500M principal khai88: 8M interest + 200M principal
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.05.25 16:19:00 -
[36]
I've picked up a bit of extra collateral and would like to borrow another 350M. As before it's covered >100% by NPC-valued BPOs which (are not yet, but) will be held by Dethmourne.
I'll offer a single interest payment of 6% on or before July 11th, so roughly equivalent to the 4%/month that the other creditors got. If anyone's interested please let me know.
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Jean Baptiste Johansson
High-Tech Duct Tape DUCT TAPE UNION
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Posted - 2011.05.25 17:22:00 -
[37]
Kethas, at dentist right now. Give me a shout in about 2 hours and I'll hook you up.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.05.25 21:30:00 -
[38]
I now have this mental picture of you sitting in a dentist's chair, trying to peer past various metal implements jutting out of your maw, down to a smartphone in your lap where you're managing your isk. Thanks.
Dethmourne's been pretty busy recently, I'll ask him when'd be good to transfer the collateral + confirm possession.
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Jean Baptiste Johansson
High-Tech Duct Tape DUCT TAPE UNION
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Posted - 2011.05.25 21:42:00 -
[39]
Rock N Roll. ISK sent.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.05.25 23:59:00 -
[40]
Originally by: Jean Baptiste Johansson Rock N Roll. ISK sent.
Confirming receipt of 350M. List of obligations updated.
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Dethmourne Silvermane
Gallente Saiph Industries SRS.
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Posted - 2011.06.02 00:26:00 -
[41]
Edited by: Dethmourne Silvermane on 02/06/2011 00:26:29 Confirming I've received another BPO worth >350m, bringing the total NPC price of BPOs I'm holding for Kethas to approximately 5.3b (I'm busy in a wormhole so I can't verify beyond that, I know it's at least that).
EDIT: Miskeyed numbers.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.06.02 01:00:00 -
[42]
Thanks, Deth.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.06.09 01:49:00 -
[43]
TLDR: Brock's scam has put me on edge and I'm closing this bond early to minimize exposure to Dethmourne Silvermane, my collateral holder, in the event that their both belonging to the SRS. alliance is significant. I'm sending out interest payments early, Dethmourne should be returning principal as well, and in the event he doesn't and walks with the isk I'll cover investors' repayments myself. As an investor you don't need to do anything; my prior assurance that you only lose your isk in the event both Dethmourne and I walk remains accurate.
Dethmourne Silvermane has helped me as a third-party collateral holder and office-with-mfg-slot provider for two collateralized bonds. He's been courteous and professional in all our dealings together, and he's given me the chance to offer collateralized loans to the MD community, for which I'm very appreciative.
Over the past week, two specific events have given me general suspicions as to his intention to return my collateral, in the form of high-value researched BPOs (roughly 5.3B at NPC value, perhaps 7-8B on contracts). There's no concrete event that I can point to, nor do I have any specific reason to doubt his intentions; this is likely just me being paranoid. That being said:
-Deth belongs to SRS., the same alliance as Brock Nelson, who has not been ejected from it in the aftermath of his walking away with 26B. Deth claims he has no significant dealings with him; while I have no reason to doubt this, I also have no way to verify it.
-Several days ago we'd made plans for him to trade me the BPOs in exchange for their NPC value in isk, to let me transfer them to a new manufacturing hub. We had to delay the unlocking process for 24hr because of what he claimed was a round of votes that he mistakenly let fail un-voted upon. The recent Incarna patch indeed fixes a problem with the voting interface when accessed via the wallet instead of the corp screen; however, this still shows, at best, surprising unfamiliarity with the voting process for an experienced player, or, at worst, foot-dragging on giving me access to BPOs I own.
Normally, while this might keep me up at night, it wouldn't change the plan; I'd already handed over the blueprints, so I might as well run the bond to its end and hope for the best. The BPO transfer, however, gave me an opportunity to hold the blueprints, valued at 7-8B, instead of the 5.3B isk. I have no specific reason to doubt Deth's intentions, and still think it's most likely he's acting in good faith. 3B is still valuable enough to me, though, that I think it makes sense to minimize risk and decline to return the BPOs.
I'll thus be ending the portion of this bond collateralized by BPOs early, and paying interest as if it had run to completion. I'll be forwarding Dethmourne a list of creditors and the principal amounts they're owed; he'll then either send them the isk or walk. If he does walk (which, I stress, I do think is unlikely) I'll cover 100% of investors' repayments myself.
Tanaka, I'm sending you one month's worth of interest on the Q0-collateralized portion, which is coming due anyway. If you'd like me to return the principal of that portion as well, let me know and I'll do so. If not, I'll keep that portion going for another month as planned, collateralized by the Q0 you hold.
I've approached Grendell to work out a lockdown service agreement. It's possible he'll opt to finance me himself, in which case I'll simply announce the amount and interest we agree on; if he chooses not to finance me but we do reach an agreement re: lockdown services, I'll post another (100% collateralized, Grendell-held) offering in a few days.
Finally, if this admittedly ill-timed dance has made any of my new creditors from Bond #3 concerned, I'd be happy to return your principal immediately. I've already talked to Velicitia and he's okay with it; Exordium8 and Tom Hagen, please hit me up if you have any questions.
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Jerry Pepridge
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Posted - 2011.06.09 01:55:00 -
[44]
+1 rep.
a post that needed to be said. anything to do with SRS is a shady deal waiting to happen.
Yours Trolly,
Mr Misty.... |
Liberty Eternal
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Posted - 2011.06.09 02:52:00 -
[45]
Edited by: Liberty Eternal on 09/06/2011 02:52:38
Originally by: Kethas Protagonist I'm closing this bond early to minimize exposure to Dethmourne Silvermane, my collateral holder
That's not a nice way to treat a business associate.
As far as I'm aware, SRS has 80 member corporations, it hardly seems fair to blame Deth for the actions of 1 member of 1 corporation in the alliance.
Also, it's strange that while you were trying to raise cash in your uncollateralised bond you were also covertly trying to swap back your collateral in this bond without telling anyone.
edit: typo
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Jerry Pepridge
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Posted - 2011.06.09 02:59:00 -
[46]
Originally by: Liberty Eternal That's not a nice way to treat a business associate.
As far as I'm aware, SRS has 80 member corporations, it hardly seems fair to blame Deth for the actions of 1 member of 1 corporation in the alliance.
Also, it's strange that while you were trying to raise cash in your uncollateralised bond you were also covertly trying to swap back your collateral in this bond without telling anyone.
whilst in the big wide world your argument holds water, with police, courts etc, this is a video game, with no consequences for any actions.
comon champ your slipping, what happened to the old LE troll i knew.
Yours Trolly,
Mr Misty.... |
Dethmourne Silvermane
Gallente Saiph Industries SRS.
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Posted - 2011.06.09 04:19:00 -
[47]
Kethas and I are finalizing details as to how to best protect investors from the risk of either of us walking off with investor funds as of now; investors should (pending data from Kethas) see their principal returned from my wallet within the week.
As stated in our conversation, I hold no ill will towards Kethas for this move; as for the fact that you can vote from the corp window, I've never had shares of a corp I was in, so that was indeed a surprise to me. Just one more way to deal with Stupid CCP Tricks in my toolkit now, when they **** it up next time
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.06.09 05:06:00 -
[48]
Just confirming that much like Deth has very graciously stated, I hold no ill will towards him either. It's been a pleasure to work with him, and I really wish that hadn't been unraveled by (my own) nebulous misgivings. As an alternative to my above post, it'd be equally accurate to say that Deth is trying to minimize his exposure to me in case I end up walking (by only returning BPOs to me for which I can pony up equivalent isk, for example).
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Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2011.06.09 07:59:00 -
[49]
Edited by: Vaerah Vahrokha on 09/06/2011 08:06:08
Originally by: Liberty Eternal
That's not a nice way to treat a business associate.
It's a crappy situation. Kethas had to choose between sticking with a compromised by proxy business associate OR to keep his loyal investors.
He did not really have any choice.
Edit:
Just read the other thread
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Tanaka Kharn
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Posted - 2011.06.09 08:54:00 -
[50]
Hey Kethas i think its best you throw me back 5.2 via contract. Dont forget ya quafe its where you left it and I aint touched a single can.
Once this muddy water has cleared, you get Grendel and your investors all have their principle and interest back then I can look at investing with you again.
I would be happy to actually considering how you have handled this providing this isnĘt all total *******s.
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Vaerah Vahrokha
Minmatar Vahrokh Consulting
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Posted - 2011.06.09 09:36:00 -
[51]
Originally by: Tanaka Kharn Hey Kethas i think its best you throw me back 5.2 via contract. Dont forget ya quafe its where you left it and I aint touched a single can.
Once this muddy water has cleared, you get Grendel and your investors all have their principle and interest back then I can look at investing with you again.
I would be happy to actually considering how you have handled this providing this isnĘt all total *******s.
Kethas if you get Grendell to hold collateral and you start a new bond with same or higher interest %, I'd like to reserve 2B.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Kethas Protagonist
Protagonist Ventures
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Posted - 2011.06.09 18:42:00 -
[52]
Originally by: Tanaka Kharn Hey Kethas i think its best you throw me back 5.2 via contract.
Contract up for 1.872B (the Q0 principal + one month interest) in exchange for Q0 x300.
I've already sent you 328M (one month interest on Q0 portion + two months interest on BPO portion).
The 3.2B BPO-collateralized principal portion is coming from Deth, not myself.
Originally by: Tanaka Kharn Dont forget ya quafe its where you left it and I aint touched a single can.
Your dietary self-restraint is appreciated.
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Dethmourne Silvermane
Gallente Saiph Industries SRS.
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Posted - 2011.06.10 03:21:00 -
[53]
All investors should check their wallets.
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Tanaka Kharn
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Posted - 2011.06.10 11:51:00 -
[54]
3.2 bil from Dethmourne Silvermane to me at 0320 2011.06.10
Many thanks from a happy investor to both of you.
Just leaves Kethas to collect his 300 quafe zero from me for my remaining principle which is now far less than the quafes current value.
Er can I buy it froms you? 7.5 mils a can?
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.06.10 17:42:00 -
[55]
Rather than sell the Q0 (which I pointed out was trading for 5M per, not 7.5M), Tanaka and I have arranged to expand the loan:
-2.25B principal -Q0 x500 as collateral, valued at 4.5M per can -4%/month, one month
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Tanaka Kharn
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Posted - 2011.06.10 17:48:00 -
[56]
Originally by: Kethas Protagonist Rather than sell the Q0 (which I pointed out was trading for 5M per, not 7.5M), Tanaka and I have arranged to expand the loan:
-2.25B principal -Q0 x500 as collateral, valued at 4.5M per can -4%/month, one month
This
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Ariana DeSoto
Howling Penguin Research Laboratories
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Posted - 2011.06.10 19:02:00 -
[57]
My wallet is making NOM NOM sounds. Thanks guys.
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Exordium8
Minmatar Not a Shell Corp
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Posted - 2011.06.11 01:27:00 -
[58]
Got my isk. Nice doing business with you. --------------------------------- Pillage, then burn. Everything is air-droppable at least once. There is no 'overkill.' There is only 'open fire' and 'time to reload.
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Tanaka Kharn
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Posted - 2011.08.09 21:26:00 -
[59]
Would invest again. got my isks back + interest.
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Kethas Protagonist
Protagonist Ventures
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Posted - 2011.08.10 03:36:00 -
[60]
Er... As much as I like claiming credit for stuff, I only sent you the interest, not the principal. As per our previous conversation I consider the 5B loan rolled over and now due on or before Sept. 10th. If you've changed your mind, let me know.
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