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Golkan
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Posted - 2011.08.16 02:28:00 -
[1]
Greetings MD investors! I am looking for some funds to expand my manufacturing capabilities.
Summary Bond size: 750M Rate: 10% Collateral: None Start date: August 19th Maturity: September 18th
Why? I have recently started manufacturing and have found some good profit opportunities. Unfortunately right now my NAV can barely support my production output and I can only buy 24h hour worth of raw materials. The funds would be used to buy at least 48-72h of materials and allow me to spend less of my time doing logistics and more time making profit.
Terms The bond would start on August 19th and pay 10% interest for the 30 day period. Please invest in 50M increments. If you want to withdraw early we can work something out but you would loose the month's interest.
Risks No profit: Odds of doing no profit is very low but if ever my bpos become unprofitable I can always switch to station trading. Wardec: Shouldn't have any effect since production can be done from stations and I use courier contracts to haul. Quit EVE: I don't see myself quitting EVE in the next 30 days. I get hit by a bus: Let's all hope this doesn't happen.
FAQ. Q: Why no collateral? A: I don't have any assets worth collateral. My current NAV is around 1B most of it being ISKs and/or raw materials and low value BPOs.
Q: Audit? A: I don't see the point in having an audit and paying a fee for such a small bond. The audit would only find out that I have been manufacturing lately.
Q: Why 10%? A: I think it's a fair interest rate for a 1st bond from an unknown without collateral.
If you have any other questions feel free to ask I will do my best to answer quickly.
- Golkan
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Golkan
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Posted - 2011.08.16 02:32:00 -
[2]
Reserved
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Coffe's Babe
Caldari
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Posted - 2011.08.16 02:33:00 -
[3]
in before the pledge
Smart people have quotes in their sig - me |
Jerry Pepridge
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Posted - 2011.08.16 03:02:00 -
[4]
would like pledge 20b _________________________________________________
Misty McGinnity Doesn't have an iPhone. |
Angsty Teenager
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Posted - 2011.08.16 03:03:00 -
[5]
I pledge -20bil.
-perry jepridge faniboi.
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Alaik
Rekall Incorporated
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Posted - 2011.08.16 04:59:00 -
[6]
I would like to reserve 200m.
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Golkan
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Posted - 2011.08.16 11:45:00 -
[7]
Thanks Jerry for your mark of confidence and pledging 20b!
Added Alaik to reservation list.
- Golkan
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Justine Asher
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Posted - 2011.08.16 11:53:00 -
[8]
I'll cover the rest, 550M
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Golkan
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Posted - 2011.08.16 11:58:00 -
[9]
Thanks Justine Asher,
If you want we can start running the bond today I am online right now.
- Golkan
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Golkan
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Posted - 2011.08.16 12:07:00 -
[10]
Confirming reception of Justine Asher's 550M.
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Alaik
Rekall Incorporated
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Posted - 2011.08.16 14:58:00 -
[11]
Logging in to send ISK now.
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Golkan
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Posted - 2011.08.16 15:52:00 -
[12]
Confirming reception of Alaik's 200M ISK. Updating bond's maturity date to 30 days from today.
Thanks for filling this out quickly.
- Golkan
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Tekota
The Freighter Factory
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Posted - 2011.08.16 17:24:00 -
[13]
First off, congratulations, it's filled and running so for the benefit of investors I'd obviously hope it completes successfully.
However I'm curious. I'm curious, if said investors would choose to enlighten me, as to how folks come to their investing decisions. What made you weigh up the dice on this one and think "it's worth the risk" versus any others that come up?
With respect to the OP we know absolutely nothing about him. Nothing at all. This is the very first forum post. There is no public contract history, there is no kill board history, we know no alts, we know nothing. We have a (if you'll forgive me) rather generic "need isk for manufacturing" post, no collateral, no confirmation of necessary skills.
In short we know nothing more about Golkan than we know about the random alts in Jita who promise to double the isk we send them. Golkan promises a 110% return rather than a 200% return but beyond that we know nothing more about one than the other.
Like I say, it's already running and for the sake of investors I'd want to see it succeed I'm just curious as to the thought process of investors, partly for selfish reasons - I recently launched a bond and went through a lot of hoops to attempt to allay fears and I see offerings like this fill and think that I needn't have gone to such efforts, or rather what I was offering was not what investors were looking for in ascertaining risk (I quite realise that I was offering considerably less interest, but then we're back to the 200% returns offered in Jita local chat).
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Stealing Honest
Stealing Honest Speculation Group LLC
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Posted - 2011.08.16 17:32:00 -
[14]
So what you are saying is "This Smells of Alt'astic Stinkage"??
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Alaik
Rekall Incorporated
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Posted - 2011.08.16 17:34:00 -
[15]
Your concern is quite understood. I have been wanting to do some investing for quite some time, but I am often too slow and bonds are full before I see them, or the minimum amounts are too high for my wallet.
This one fitted fine within my budget, and a decently written and outlined introduction was enough for me to accept the risk on a relatively small amount of ISK.
The character is quite old, and was still in an NPC corp until today/yesterday. No security standing, but that's nothing bad if it's just a trader character anyway.
From my perspective - as he bothered updating his post after receiving my ISK, I think that's a pretty promising sign of good intentions.
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Tekota
The Freighter Factory
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Posted - 2011.08.16 17:49:00 -
[16]
Thanks Alaik, your last paragraph I'd agree is probably a good sign (although naturally never a guarantee). I'd tend to disagree with your judgment on your other points but it serves no-one at this stage for me to ramble on other than liking the sound of my own keyboard.
SH - always possible, though unless in it for the long game then filling entirely with alts would be pointless so I'd probably expect at this stage at least one genuine investor.
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Golkan
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Posted - 2011.08.16 18:04:00 -
[17]
To answer concerns yes this is an alt that I've created a few years ago to do price checks in Jita hence no killboard history. I will not disclose my main and other alts mainly to protect my business and avoid wardecs.
As to why people chose to fill up this bond rapidly I think it comes down to risk vs. reward and a bit of luck on the timing.
I will try to keep this thread updated with my progress a few times during the bond.
- Golkan
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Golkan
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Posted - 2011.08.16 18:23:00 -
[18]
Originally by: Tekota SH - always possible, though unless in it for the long game then filling entirely with alts would be pointless so I'd probably expect at this stage at least one genuine investor.
Filling this bond with alts would be quite pointless as you say. Also if my bonds get considerably bigger in the future I will at least get a performance audit if I don't have the means to collateralize it (hopefully I will be able to offer collateral in the future). Although an audit won't prove that I am not scamming it will at least show that I've been doing something with the ISK from the bond.
- Golkan
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Golkan
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Posted - 2011.08.24 00:15:00 -
[19]
Hello fellow investors!
Week #1 is over and things are going pretty well. Profits for this week were around 391,000,000 ISK. I am currently growing 2 more alts to help me with production and thinking of setting up a high sec POS in the near future. I'm still evaluating if the POS is really worth it.
I will try to keep posting weekly updates.
- Golkan
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Alaik
Rekall Incorporated
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Posted - 2011.08.24 03:34:00 -
[20]
Thank you for the update Golkan. =)
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Golkan
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Posted - 2011.08.30 17:32:00 -
[21]
Hello again!
Week #2 is ending and profit dropped a bit this week, ending the week with 206M profit. The main reason for the drop in profit is that I haven't done any PI this week since I was busy doing COSMOS missions to grind faction standings. Good news is that I can now anchor a high sec POS. Another reason for lower profits is that I bought about 50M of skillbooks for alts and some items to speed up completion of COSMOS missions.
The next update will be on September 7th.
- Golkan
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