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Thread Statistics | Show CCP posts - 1 post(s) |
Vaerah Vahrokha
Minmatar
Vahrokh Consulting
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Posted - 2011.06.06 06:20:00 -
[1]
1B ISK sent.
 Originally by: Liberty Eternal
For security, the best safeguard is VV's performance audit which confirms independently that my turnover is above 200 billion isk a month in sales and that my trading is both profitable and expanding well.
Let's make it clear for the 10000000000000000000th time. The performance audit is neither a security claim nor a safeguard.
It's an API dump plus some math. Like the other audits it cannot insure you won't scam. It brings information, not security, not safeguard.
I am going to invest 1B in this and I consider it 1 lost billion exactly like I consider my ship as already lost when I undock, exactly like I consider my RL money lost when I start a RL trade.
If I get the money / ship / RL money back and intact then it's a welcome surprise.
Those who invest with any other kind of mindset should stop investing now.
Also, and I repeat myself once again, those who will invest because my audit gives them a *warm safety feeling*, are idiots awaiting to lose their money.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Vaerah Vahrokha
Minmatar
Vahrokh Consulting
|
Posted - 2011.06.27 12:42:00 -
[2]
Originally by: Liberty Eternal
Bond Adjustment Statement
The tl;dr is simple - this bond is not working out for me due to the combination of falling market prices and high [15%] interest rate. Cue the full statement:
What's the problem?
The problem is that you put your self interest before your investors. Too much Randy?
Also, this is a bond, not an IPO.
IPOs face periods of zero dividends, bonds default instead.
This is why Greece are having such an hard time with their maturing bonds.
You should renegotiate for a delayed payment imho, not a lower one.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Vaerah Vahrokha
Minmatar
Vahrokh Consulting
|
Posted - 2011.06.27 17:40:00 -
[3]
Originally by: Liberty Eternal
It's better to walk away or restructure, in accordance with the reality of the situation
Could you please expand on the "restructure" bit?
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
Vaerah Vahrokha
Minmatar
Vahrokh Consulting
|
Posted - 2011.06.27 17:58:00 -
[4]
Originally by: Liberty Eternal
Originally by: Vaerah Vahrokha
Could you please expand on the "restructure" bit?
Sure - investors have 2 options - to walk away with the 15% and principal, or to take 15% this month but stay in for 4% next 2 months.
Ok that's the second kind of restructuring, the one I am not interested in. Please close my bond position. It's not due to feeling, I just have 4-5 markets that promise me well more than 4% (uncollateralized) a month.
My remarks:
Raw23: this is finance, thanks you for your input, we are meant to know what's the issue at stake and how to deal with it. Otherwise we'd be idiots ready to be parted off money they can't afford to lose. Basically you have shown the points and they are 100% valid.
Liberty: your own philosophy is hurting the investors right now. Business wise, your large expense shows your priority is not us.
This means that in case of real trouble we have less expectation to see capital back.
Auditing | Research | 3rd Party | Collateral Holding | EvE RL Charity |
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