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Stardust CEO
Stardust Manufacturing
0
|
Posted - 2013.03.02 23:38:00 -
[1] - Quote
If you are unfamiliar with BULSH, please look over my Previous Offerings (a total of seven, dating from Nov 2008 - June 2009):
BULSH 7.0 (contains links to 6 previous offerings as well)
TLDR: 4 years ago I ran 7 bonds that went very well, with a total borrowed amount of just over 13b from people who probably either don't play anymore or wouldn't remember me if they do.
I haven't played for a while, but I'm back (on "vacation" in Viet Nam for the next year) and considering running another offering just to get something going that would anchor my interest in the game until I find some new compadres to fly with. It will take me a few days to observe the state of the market and decide if this is something I really want to do or not.
Mostly I guess this is just an "I'm back" thread. |

Claire Coffee
Coffee Inc
115
|
Posted - 2013.03.03 00:35:00 -
[2] - Quote
hi DRINK COFFEE Do stupid things Faster with More Energy |

Candy Oshea
Techfree Investment Group
136
|
Posted - 2013.03.03 01:44:00 -
[3] - Quote
o/ I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |

Luxotor
Interwebs Cooter Explosion Fatal Ascension
11
|
Posted - 2013.03.03 05:40:00 -
[4] - Quote
Welcome back, I suppose :p THE NIGHT IS DARK AND FULL OF TERRORS! |

Thoraemond
Far Ranger
103
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Posted - 2013.03.03 18:15:00 -
[5] - Quote
Stardust CEO wrote: I'm back [...] and considering running another offering [...]
Mostly I guess this is just an "I'm back" thread. You probably won't feel fully welcomed back until you post a "please send ISK" thread and get some responses there. For full effect, avoid offering collateral.
|

Stardust CEO
Stardust Manufacturing
1
|
Posted - 2013.03.04 07:07:00 -
[6] - Quote
Quote: For full effect, avoid offering collateral.
I never offer collateral. If I wanted to offer collateral I'd just sell the stuff, have my own isk and not pay any dividends. The isk lost (the difference between the sell price and re-buy price), assuming I wanted to replace my sold assets in the future, would surely be less than the interest I'd pay over the term of the bond. It just makes no financial sense. I never had a problem filling a small bond without collateral before, and I was always very consistent in paying what I owed.
On the other hand, this subforum looks dead compared to last I was here. |

Mme Pinkerton
99
|
Posted - 2013.03.04 07:50:00 -
[7] - Quote
Welcome back.
MD is admittedly not in great shape but to a large part that is due to a lack of interesting offerings. I opened this thread because I still recognized your name, others will do the same - don't let yourself be discouraged easily. An IPO guide (David H'Levi) | Towards a Positive Argument For Investing (RAW23) | Freighter Operations 101 (Kazuo Ishiguro) | Dominion market analysis (Akita T)
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Lux Imperator
Soimii Patriei Nulli Secunda
27
|
Posted - 2013.03.04 08:19:00 -
[8] - Quote
Stardust CEO wrote:Quote: For full effect, avoid offering collateral.
I never offer collateral. If I wanted to offer collateral I'd just sell the stuff, have my own isk and not pay any dividends. The isk lost (the difference between the sell price and re-buy price), assuming I wanted to replace my sold assets in the future, would surely be less than the interest I'd pay over the term of the bond. It just makes no financial sense. I never had a problem filling a small bond without collateral before, and I was always very consistent in paying what I owed. On the other hand, this subforum looks dead compared to last I was here.
Looks dead because the general view is:
- Bonds/IPOs? Don't invest, they are all scams.
- Secured bond? lol2%intrustkthxbai
- Wined and dined your way into filling your 1st, 2nd, 3rd bond/IPO? Rep grinding.
- Discussing the Markets? Manipulation attempt.
- [Thread] Noobie trader advice? Do your own research and find your own profit!
( Thanks Syds Sinclair )
There are only a few players that manage to get past this firewall, that is why you don't see too much action. Try to start another bond. You will be considered scammer up to the last repayment. After that you will be considered just another rep grinder.
If you decide to start a bond I will help you out btw. You seem to be someone I can trust.
Good luck and welcome back. |

Candy Oshea
Techfree Investment Group
141
|
Posted - 2013.03.04 08:31:00 -
[9] - Quote
OP: "ill get brock to look over my accounts"
OP: "o/ cosmo"
cosmo: "ill take my shares without audit please"
i cbf looking thru the others.
Not saying you are/were in leagues with these ppl, Past offerings, involving intimate details with those players will only raise questions.
Offerings today, require near 100% transparency, due to all the scams that have happened. Heres a thread:, where the guy wouldn't show his API key to investors. You have actually posted a thread for the Dectectives to squirrel thru and sperg at you with.
With regards to your comments on collateral & loans, i agree with you to just sell tangibles in all cases except Blueprint originals, where you can very easily value add to offset interest costs.
I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |

Stardust CEO
Stardust Manufacturing
2
|
Posted - 2013.03.04 09:31:00 -
[10] - Quote
@Candy:
I'm not sure why Brock and Cosmoray would be considered bad people to be tied to. The "tone" of your writing seems to imply that they perpetrated some sort of scam? All I can say to that is... if so, I'm entirely shocked, Cosmo seemed totally on the up and up to me, and Brock as well.
@Lux:
Yeah, that was kind of the case back in the day, but I think we wanted to believe that this could work. We were adding content in a way that was unintended and unregulated, and we could make it as complex or simple as we liked, we could make it fun and do it our way. I built connections with people over time, through my offerings. I did this by incentivising repeat participation, offering higher interest rates and share priority to those who'd invested with me before. All of this meant that when I opened an offering, I had a core of people that I had spoken with in-game and on the forums, who felt they could count on me to pay their money back and I could count on them to buy my shares.
Anyway, I'm almost certain I'll do another offering, and I'm sure there will be nay-sayers, but I don't reckon I'll have a problem scratching up a couple billion. Times can't have changed that much.
@Mme Pinkerton:
Aha, a familiar face! |

flakeys
Arkham Innovations Paper Tiger Coalition
878
|
Posted - 2013.03.04 10:13:00 -
[11] - Quote
Stardust CEO wrote: Times can't have changed that much.
You'll be in for a surprise there , and welcome back.
We are all born ignorant, but one must work hard to remain stupid.
|

Stardust CEO
Stardust Manufacturing
2
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Posted - 2013.03.04 10:20:00 -
[12] - Quote
Thanks Flake :)
Edit - Were they in on something together, or did they both just happen to scam? Were they big ones?
/me settles in for the gossip. |

flakeys
Arkham Innovations Paper Tiger Coalition
878
|
Posted - 2013.03.04 10:38:00 -
[13] - Quote
Stardust CEO wrote:Thanks Flake :)
Edit - Were they in on something together, or did they both just happen to scam? Were they big ones?
/me settles in for the gossip.
Pfff been a while .Individual scams , cosmo first then brock.Cosmo did a ''i am quitting eve and repaying you'' thread a while after his scam but unsure if he did repay or not and tbh i don't care as the intention was to run off with the isk in the first place.Brock .. well brock was just being brock , lot of noise and attention seeking.
Brock sticks his head out every now and then , cosmo left the game as far as i am aware.
I'd say have a look at evesearch for the total story.
You'll find there are not many of us oldies left on MD.
We are all born ignorant, but one must work hard to remain stupid.
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Mme Pinkerton
99
|
Posted - 2013.03.04 10:49:00 -
[14] - Quote
cosmoray' scam thread - it lead to some drama as he claimed to have fooled Vaerah Vahrokha's audit.
cosmoray claimed that it had all been a planned scam since the beginning, then he claimed to have pulled the trigger because of burnout and at the time there were also some pervasive rumors that he had gotten accounts banned prior to his 'scam'.
it's hard to say if he was the criminal mastermind he wanted himself to be remembered as or if he simply preferred the reputation of being a successful scammer over being a failed businessman. An IPO guide (David H'Levi) | Towards a Positive Argument For Investing (RAW23) | Freighter Operations 101 (Kazuo Ishiguro) | Dominion market analysis (Akita T)
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Stardust CEO
Stardust Manufacturing
2
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Posted - 2013.03.04 10:51:00 -
[15] - Quote
Huh, interesting. Somehow I doubt it was all a scam from the beginning (Cosmo), but that's probably just me not wanting to believe I was fooled, he seemed like an all around decent guy when we interacted.
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Candy Oshea
Techfree Investment Group
141
|
Posted - 2013.03.04 13:01:00 -
[16] - Quote
Stardust CEO wrote:Huh, interesting. Somehow I doubt it was all a scam from the beginning (Cosmo), but that's probably just me not wanting to believe I was fooled, he seemed like an all around decent guy when we interacted.
I'm sure all sociopaths are nice until they reveal themselves.
I didn't mean to drag anything up about those 2, or let this thread degenerate into an MD thread, that's why I kept it vague. Apologies if the 'tone' was abrasive.
Just launch your bond and see what happens. I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |

Stardust CEO
Stardust Manufacturing
2
|
Posted - 2013.03.04 13:19:00 -
[17] - Quote
Candy Oshea wrote: I'm sure all sociopaths are nice until they reveal themselves.
I didn't mean to drag anything up about those 2, or let this thread degenerate into an MD thread, that's why I kept it vague. Apologies if the 'tone' was abrasive.
It's no problem, this is just another MD thread. It's far from a bond launch thread, I'm just trying to get caught up on what's happening around here nowadays. I think when it comes time to launch I'll let the market decide. I reckon the first three days after my bond launches, I'll offer it unsecured with X% interest. After that three days, if it hasn't sold out, I'll offer the remainder, secured, for X/2% interest.
I suppose my next question is, who can I trust to hold the goods to secure whatever portion of my bond ends up needing to be secured? |

Candy Oshea
Techfree Investment Group
141
|
Posted - 2013.03.04 13:49:00 -
[18] - Quote
Stardust CEO wrote: I suppose my next question is, who can I trust to hold the goods to secure whatever portion of my bond ends up needing to be secured?
What sort of 'goods' are you looking to leverage, should it come to it? I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |

Stardust CEO
Stardust Manufacturing
2
|
Posted - 2013.03.04 14:03:00 -
[19] - Quote
Candy Oshea wrote: What sort of 'goods' are you looking to leverage, should it come to it?
Good question. Ideally it'd be something nonvolatile, small, and with a relatively clear value. |

Candy Oshea
Techfree Investment Group
141
|
Posted - 2013.03.04 14:20:00 -
[20] - Quote
Stardust CEO wrote:Candy Oshea wrote: What sort of 'goods' are you looking to leverage, should it come to it?
Good question. Ideally it'd be something nonvolatile, small, and with a relatively clear value.
Interesting, So something you intend to buy? If you have the isk, then why not follow your own advice (sell it).
As long as no isk is exchanged in between the 2 phases (selling unsecured at good rate(1) & Selling secured at crappy rate (2), you wont be accused of Trickery (buying collateral for (2) with borrowed isk from(1), as you noted 3 days later)
If you wanted to get a loan against an item (tech 2 rigged items w/e) there is a few pawn shops that do loans against those, If its a Blueprint stiplulate it in the terms that you want research added to it, do some homework on the ones that make an offer. I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |

Stardust CEO
Stardust Manufacturing
2
|
Posted - 2013.03.04 14:33:00 -
[21] - Quote
Candy Oshea wrote:[quote=Stardust CEO][quote=Candy Oshea] Interesting, So something you intend to buy? If you have the isk, then why not follow your own advice (sell it).
As long as no isk is exchanged in between the 2 phases (selling unsecured at good rate(1) & Selling secured at crappy rate (2), you wont be accused of Trickery (buying collateral for (2) with borrowed isk from(1), as you noted 3 days later)
If you wanted to get a loan against an item (tech 2 rigged items w/e) there is a few pawn shops that do loans against those, If its a Blueprint stiplulate it in the terms that you want research added to it, do some homework on the ones that make an offer.
I intend to find something in my assets that will work. Likely a bpo or something fancy that isn't likely to change value too much in the next 6 months. I'm still getting re-familiarized with my assets, they're spread out a bit. |

Candy Oshea
Techfree Investment Group
142
|
Posted - 2013.03.04 23:37:00 -
[22] - Quote
Stardust CEO wrote: I intend to find something in my assets that will work. Likely a bpo or something fancy that isn't likely to change value too much in the next 6 months. I'm still getting re-familiarized with my assets, they're spread out a bit.
Oh man i know that feeling. I guess you can cross that bridge when you come to it. I just re-read your OP, about a bond anchoring you to the game, was else do you do with the other accounts (i read you had 3)? maybe they can try the new content for iskies.
Lots have changed in 4 years, incursions, faction warfare, wormholes, recently CCP has been taking the edge of the game by doing subtle improvements, the best one if the new autopilot & the fact it docks your ship, if the desto is a station. (afk freight for the win)
With regards to the market, it may pay to take a look at some recent killboards to see what ppl are flying, what you traded in 4 years ago, could be bad now.
Take a read of the recent patch notes with regards to the mineral requirement changes for BC, Cruiser, Frigates, mining barges, some of these(including the BPO's) are selling below the new mineral cost, due to saturation, but there is still time to make something from it.
Molic blackbird will hump your leg for every 5 procurers he sells. (so 1 hump every 40 days) hint take a look at the build cost for a procurer, and the price its selling for, (you can't melt them either, "extra materals" dont come out) Procurer is a bit of a dog, try the old Teir 1 BC's
Good luck in future offering, you have plenty more to discover than another MD bond! I've accidentally swallowed some Scrabble tiles. My next **** could spell disaster.
iCandy |

Stardust CEO
Stardust Manufacturing
3
|
Posted - 2013.03.05 07:03:00 -
[23] - Quote
There's a chance I might activate other accounts, but for now just the one. I've been looking around for the last couple of days and it does seem like they've made some significant changes. Battleship prices are outrageous. When I was around, Domis were high 40s, maybe 50-51m. I actualy spent a good deal of time self destructing ships for profit at one point, because prices were so low. No longer the case, obviously, with tier 1s clocking in at around 100m.
Thanks for taking the time to type that all up, I appreciate it. I've definitely got some more looking around to do. |

Vera Algaert
Republic University Minmatar Republic
829
|
Posted - 2013.03.05 08:44:00 -
[24] - Quote
Candy Oshea wrote:Molic blackbird will hump your leg for every 5 procurers he sells. (so 1 hump every 40 days) hint take a look at the build cost for a procurer, and the price its selling for, (you can't melt them either, "extra materals" dont come out) Procurer is a bit of a dog, try the old Teir 1 BC's
this is an important point - CCP broke the old "reprocessing value == build cost" paradigma for t1 ships.
the mineral cost for frigates, cruisers, mining barges and battlecruisers (but not yet for battleships) was increased as part of "tiericide" but to prevent excessive speculation (build before patch, reprocess after, free minerals!) the additional minerals are not returned upon reprocessing. the result is that some of these ships (which people built large stockpiles of in anticipation of an eventual rise in prices after the BPO changes) are trading below mineral cost (but above reprocessing value).
The Insurance Exchange Ratio was taken care off by a system that rebalances insurance payouts based on (long-term) average market prices. Initially CCP made it sound as if such rebalancing would occur once every few months but in practice it is quit rare.
Mineral prices are much higher than you remember them as meta0 loot was removed from mission/rat loot tables and the drone region rats were changed from dropping alloys to having bounties. TEST alt - don't trust. |

Stardust CEO
Stardust Manufacturing
3
|
Posted - 2013.03.05 08:47:00 -
[25] - Quote
Vera Algaert wrote:Candy Oshea wrote:Molic blackbird will hump your leg for every 5 procurers he sells. (so 1 hump every 40 days) hint take a look at the build cost for a procurer, and the price its selling for, (you can't melt them either, "extra materals" dont come out) Procurer is a bit of a dog, try the old Teir 1 BC's
this is an important point - CCP broke the old "reprocessing value == build cost" paradigma for t1 ships. the mineral cost for frigates, cruisers, mining barges and battlecruisers (but not yet for battleships) was increased as part of "tiericide" but to prevent excessive speculation (build before patch, reprocess after, free minerals!) the additional minerals are not returned upon reprocessing. the result is that some of these ships (which people built large stockpiles of in anticipation of an eventual rise in prices after the BPO changes) are trading below mineral cost (but above reprocessing value). The Insurance Exchange Ratio  was taken care off by a system that rebalances insurance payouts based on (long-term) average market prices. Initially CCP made it sound as if such rebalancing would occur once every few months but in practice it is quit rare. Mineral prices are much higher than you remember them as meta0 loot was removed from mission/rat loot tables and the drone region rats were changed from dropping alloys to having bounties.
That explains it then (about mineral prices). Is the insurance payout worthwhile now? I assume it's got to be quite a bit higher than it was before, to match current prices. |

Vera Algaert
Republic University Minmatar Republic
829
|
Posted - 2013.03.05 08:49:00 -
[26] - Quote
addendum to previous post: (why do you have to quote it before I can edit )
CCP managed to introduce (and was slow to nerf) several "get rich quick" schemes (Incursions, FW, ...) and some 0.0 anomalies are ridiculously lucrative (alliance mates report 120-150m isk/h in bounties running forsaken hubs in a tier3 bc) - this is reflected in PLEX prices. In another conceptual shift Dr EyjoG is working as the EVE Central Bank to stabilize PLEX prices in times of turmoil/excessive speculation (using PLEX confiscated from banned accounts as a warchest).
That's the most fundamental changes that come to mind but you really missed out on a lot of changes and should tread very carefully while you catch up. TEST alt - don't trust. |

Stardust CEO
Stardust Manufacturing
3
|
Posted - 2013.03.05 08:54:00 -
[27] - Quote
Vera Algaert wrote:you really missed out on a lot of changes and should tread very carefully while you catch up.
Thanks for the information. As my goals, and promises to investors, are always very modest, I reckon I could start an offering even now and do fine just jumping in... but I do want to be a little better prepared than that. Plus, it's not like it's work, I rather enjoy poking around in the market. |

Vera Algaert
Republic University Minmatar Republic
829
|
Posted - 2013.03.05 08:54:00 -
[28] - Quote
Stardust CEO wrote:That explains it then (about mineral prices). Is the insurance payout worthwhile now? I assume it's got to be quite a bit higher than it was before, to match current prices. most ships trade significantly above insurance value (as I said, CCP rebalances the payouts like... never)
example:
Rokh insurance payout: 209.5m ISK insurance cost: 62.9m ISK net insurance value: 146.6m ISK Jita price: 241m ISK
TEST alt - don't trust. |

Vera Algaert
Republic University Minmatar Republic
829
|
Posted - 2013.03.05 09:02:00 -
[29] - Quote
Also prices for everything T2 were very high for much of the last year as, ~3 years after Akita's original predictions, several large 0.0 alliances banded together (across political boundaries) to take advantage of the Tech bottleneck by creating a Technetium Cartel (OTEC).
CCP reacted eventually by introducing Alchemy for Technetium which reduced Technetium prices somewhat.
Currently a group of alliances are trying to re-enact the success of OTEC in NOTEC, a Neodymium cartel. Remains to be seen if that actually works out. TEST alt - don't trust. |
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