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Author |
Thread Statistics | Show CCP posts - 2 post(s) |
Tear Jar
Brutor Tribe Minmatar Republic
5
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Posted - 2014.01.14 06:00:00 -
[1] - Quote
Hello Market Discussion, I am Tear Jar. I am an inter-regional trader. I do not claim to be a market genius, or to have invented some amazing way to triple my isk, as some others do here in MD. My methods produce consistent results, buying particular items in Jita. Then sell them off in another market hub. I have steadily increased my income as I have trained up my skills and I have increased my net worth at a fairly steady pace, but find myself hitting limitations on free capital. Hence this bond offering.
Bond Details - 3 Billion ISK total requested - 1 month offering, closing on 2/13/14, 10% interest payed out on the 13th of each month. - Option for investors to roll over investment into the next month. - Increments of 100 million isk please. - Cash out available at any time with 24 hours notice, cash out will be paid prorated interest rate for the time invested. - I reserve the right to close the bond with at least 24 hours notice to all investors, returning all invested isk and interest earned.
Why a Bond?
I have been running into free capital problems for a few weeks. I was hesitated to come to the MD community for a bond. I have seen people get flamed when asking for a bond, and while I hope to fill this bond, I will not get into a forum argument over it. Constructive criticism is always welcome! I am hoping to expand my trading to an additional hub. I have about 30 free market slots and could quickly train more if needed. I did try to expand to another hub a few weeks ago. However, I could not reliably keep that one supplied do to money constraints, so I went back to just one hub. This infusion of capital should allow me to reliably start stocking a second hub.
Where is Your Collateral (and other security concerns): My collateral is tied up in the market. It would be counterproductive to expanding my trade to offer this. I know it is a risk to come to MD looking for an uncollateralized bond offering. I have thought of a few ways to combat this:
- I am happy to share a limited API for JohnathanGalt and Lord Azori with any potential investor with concerns. This will show skills and assets that should at least prove I have been actively trading and I have sufficient assets to repay if needed. -I have considered submitting to an audit with Vaerah Vahrokha, and while her price is not unreasonable for the service provided, it cuts into the profits that would be generated by the additional capital a bit much for my tastes. -I currently have the NAV to pay this back if needed, just by liquidating everything on my market character. However, as I am not doing anything in the market that is super risky, I cannot imagine it coming to this. -I use Red Frog Freight to move almost all of my freight, mitigating the risk of a hauling gank. -All investors will receive biweekly updates, with screenshots from EVEPROFIT as evidence of work put in.
Please feel free to EVEmail me any questions or concerns, as this is the best way to reach me because I can check it constantly. Also please feel free to post in this thread if you wish to invest, with the amount you wish to invest, or with any questions. I look forward to working with all of you.
Investor List
Refunded Principal Requests |
Sabriz Adoudel
Mission BLITZ
1735
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Posted - 2014.01.14 06:23:00 -
[2] - Quote
If I had liquid ISK, I'd invest in this one. TJ is legit and a very, very intelligent trader. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. EVE's golden rule: Never trust anyone in-game unless you are sleeping with them in real life. Even then, they may only be screwing you to screw you. |
Arancar Australis
Dead Sun Rising Enterprises
58
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Posted - 2014.01.14 06:40:00 -
[3] - Quote
Hello TJ,
I would be looking at investing 1 billion isk, but have limited access to log in to the game to send until saturday of this week. What timeframe are you looking for the receipt of the Isk?
If sending the Isk on Saturday is fine by yourself, please lock me in for 1 billion.
Cheers,
AA |
RAW23
666
|
Posted - 2014.01.14 06:40:00 -
[4] - Quote
A few questions: 1) what's your current NAV, 2) how long have you been trading for, and 3) how much do you normally end up spending on Red Frog a month?
Also, can I have a peek at your API? I have finally learned what to do with one! There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
Ninder
Helghan Imperial Armada Apocalypse Now.
13
|
Posted - 2014.01.14 11:25:00 -
[5] - Quote
If you used a recognised Chribba style intermiediary service I would be interested in this. Unfortunately parting with 4bn isk on trust alone is hard. |
Tear Jar
Brutor Tribe Minmatar Republic
6
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Posted - 2014.01.14 14:44:00 -
[6] - Quote
Arancar Australis wrote:Hello TJ,
I would be looking at investing 1 billion isk, but have limited access to log in to the game to send until saturday of this week. What timeframe are you looking for the receipt of the Isk?
If sending the Isk on Saturday is fine by yourself, please lock me in for 1 billion.
Cheers,
AA
I don't want to rush anyone. I am perfectly fine waiting until Saturday. Thank you. |
Tear Jar
Brutor Tribe Minmatar Republic
6
|
Posted - 2014.01.14 15:17:00 -
[7] - Quote
Ninder wrote:If you used a recognised Chribba style intermiediary service I would be interested in this. Unfortunately parting with 4bn isk on trust alone is hard.
I am comfortable using an intermediary so long as the fee does not eat into the loan too much. If you give me the details(how much you want to loan and how exactly you want the transaction performed), I will contact intermediates and get a quote within 24 hours. Feel free to contact me either on the forums or in game.
Additionally, if the amount is what concerns you, I am accepting bonds in increments of 100 million. You can always increase it later if you are happy with my results. |
Lord LazyGhost
The Bastards The Bastards.
293
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Posted - 2014.01.14 15:46:00 -
[8] - Quote
Tear Jar wrote:Ninder wrote:If you used a recognised Chribba style intermiediary service I would be interested in this. Unfortunately parting with 4bn isk on trust alone is hard. I am comfortable using an intermediary so long as the fee does not eat into the loan too much. If you give me the details(how much you want to loan and how exactly you want the transaction performed), I will contact intermediates and get a quote within 24 hours. Feel free to contact me either on the forums or in game. Additionally, if the amount is what concerns you, I am accepting bonds in increments of 100 million. You can always increase it later if you are happy with my results.
Going to have problems useing a 3rd party as there is nothing for them to hold. IE Collateral
as they normaly hold 110% of the loan amount incase you do not pay then they can pay out the investors but as you are offering no collateral this is not possible |
I Was There
The Little Urban Achievers Foundation
114
|
Posted - 2014.01.14 16:22:00 -
[9] - Quote
I'm game. If you're worrying about audits and stuff, you could register at EVE-mogul.com . It'll allow you to link 'profit reports' that'll show the profit you've made per day over the last weeks. This is easier than the API stuff, and it doesn't ruin any secrets you have in your API (if you have any).
The Little Urban Achievers Foundation will cover 2b of this loan, although is needed. I'll confirm my commitment, when I've had a look at the API. |
RAW23
668
|
Posted - 2014.01.14 16:44:00 -
[10] - Quote
Any particular reason for not answering my questions? There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
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Tear Jar
Brutor Tribe Minmatar Republic
6
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Posted - 2014.01.14 18:33:00 -
[11] - Quote
RAW23 wrote:Any particular reason for not answering my questions?
I am currently at work on my phone. I want to verify some of the information you requested before answering. That information is on my home computer. I promise to answer your questions tonight when I get home. |
RAW23
668
|
Posted - 2014.01.14 18:57:00 -
[12] - Quote
Tear Jar wrote:RAW23 wrote:Any particular reason for not answering my questions? I am currently at work on my phone. I want to verify some of the information you requested before answering. That information is on my home computer. I promise to answer your questions tonight when I get home.
Thanks for the response! There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
leona starfire
LS Trading and Production Inc.
2
|
Posted - 2014.01.14 21:36:00 -
[13] - Quote
I will take 1B isk worth once I have checked over your limited api.
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Tear Jar
Brutor Tribe Minmatar Republic
6
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Posted - 2014.01.15 04:54:00 -
[14] - Quote
leona starfire wrote:I will take 1B isk worth once I have checked over your limited api.
What particular information do you need?
I have had a few requests for this. I am reluctant to give sensitive business information to several people, as it only takes one person with enough capital to seriously hinder operations. I am looking into ways to provide the information to investors want without giving away trade secrets.
Also, investor list has been updated, along with the bonds each investor purchased. |
Tear Jar
Brutor Tribe Minmatar Republic
6
|
Posted - 2014.01.15 04:55:00 -
[15] - Quote
RAW23 wrote:A few questions: 1) what's your current NAV, 2) how long have you been trading for, and 3) how much do you normally end up spending on Red Frog a month?
Also, can I have a peek at your API? I have finally learned what to do with one!
1) My current NAV is approximately 4.8 billion isk. Its enough that my current trade hub is hitting diminishing returns, but not enough to stock a second trade hub.
2) I have been trading for a month and a half.
3) I spend 30 million in the last month. As long as I am able to ship large isk values, their fees are quite reasonable.
I answer your last question in the previous post. |
Ralissinda
Resurgent Threat
1
|
Posted - 2014.01.15 06:22:00 -
[16] - Quote
Will fill 400m if it is OK to send it in about 36 hours time. |
RAW23
668
|
Posted - 2014.01.15 07:50:00 -
[17] - Quote
Tear Jar wrote:RAW23 wrote:A few questions: 1) what's your current NAV, 2) how long have you been trading for, and 3) how much do you normally end up spending on Red Frog a month?
Also, can I have a peek at your API? I have finally learned what to do with one! 1) My current NAV is approximately 4.8 billion isk. Its enough that my current trade hub is hitting diminishing returns, but not enough to stock a second trade hub. 2) I have been trading for a month and a half. 3) I spend 30 million in the last month. As long as I am able to ship large isk values, their fees are quite reasonable. I answer your last question in the previous post.
I'm a little confused. You say in the OP that you are happy to share a limited API with potential investors but now that you're being asked for it you're no longer happy to do so?
Thanks for the other answers though. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
Billy Hix
Team JK
69
|
Posted - 2014.01.15 11:38:00 -
[18] - Quote
I will take 500M assuming those looking at the api don't report anything stupid (or I can take a look myself, I understand you not wanting to hand it out to every small investor) |
leona starfire
LS Trading and Production Inc.
2
|
Posted - 2014.01.15 20:34:00 -
[19] - Quote
I just need to be able to see your skills to prove you have trade skills. Your assets preferable be able to view your wallet so i can see you have been trading or if this is not possible be able to view your previous contracts as you spoke about using red frog for deliveries.
Also being able to see other characters on your accounts I am only interested in there names so i can check no scamming has happened in the past.
You can mail me the limited api and I will check them over and send you the isk by Saturday if everything checks out. |
I Was There
The Little Urban Achievers Foundation
114
|
Posted - 2014.01.15 20:50:00 -
[20] - Quote
I Was There wrote:I'm game. If you're worrying about audits and stuff, you could register at EVE-mogul.com . It'll allow you to link 'profit reports' that'll show the profit you've made per day over the last weeks. This is easier than the API stuff, and it doesn't ruin any secrets you have in your API (if you have any).
The Little Urban Achievers Foundation will cover 2b of this loan, although is needed. I'll confirm my commitment, when I've had a look at the API.
Still haven't received the api. |
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Ralissinda
Resurgent Threat
1
|
Posted - 2014.01.16 04:23:00 -
[21] - Quote
Had a look through the API info provided before finalising my investment.
Trade skills aren't perfect but are profitable.
WIthout mentioning details, the actual stuff being traded is medium margin, low value stuff bought by casual PVPers - lots and lots of cruisers, destroyers and frigs, and fittings for them. Profitable but very labour intensive. The OP knows the ammunition market well and knows where to buy and sell.
Anyways, I'm still in. Sending you the ISK now, because RL business is sending me back to Fiji for the next 3 weeks and my net access there is shithouse. Please confirm receipt in this thread. |
Tear Jar
Brutor Tribe Minmatar Republic
6
|
Posted - 2014.01.16 07:03:00 -
[22] - Quote
Ralissinda wrote:Had a look through the API info provided before finalising my investment.
Trade skills aren't perfect but are profitable.
WIthout mentioning details, the actual stuff being traded is medium margin, low value stuff bought by casual PVPers - lots and lots of cruisers, destroyers and frigs, and fittings for them. Profitable but very labour intensive. The OP knows the ammunition market well and knows where to buy and sell.
Anyways, I'm still in. Sending you the ISK now, because RL business is sending me back to Fiji for the next 3 weeks and my net access there is shithouse. Please confirm receipt in this thread.
Receipt confirmed. Thank you for your investment.
I hope this gives potential investors more confidence in my business model. |
RAW23
670
|
Posted - 2014.01.16 07:04:00 -
[23] - Quote
I don't seem to have received the api yet. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
DemonX Bane
The State Initiativ
0
|
Posted - 2014.01.16 10:18:00 -
[24] - Quote
Would be interested in investing 1-2bils if you can send me the API. BTW you can also use the evemogul technique that was previously suggested by a poster. |
I Was There
The Little Urban Achievers Foundation
114
|
Posted - 2014.01.17 08:09:00 -
[25] - Quote
RAW23 wrote:I don't seem to have received the api yet. Neither have I. It's pretty odd. |
RAW23
673
|
Posted - 2014.01.17 09:32:00 -
[26] - Quote
I Was There wrote:RAW23 wrote:I don't seem to have received the api yet. Neither have I. It's pretty odd.
Indeed. There seems to be some strange selectivity going on in this thread. There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
I Was There
The Little Urban Achievers Foundation
115
|
Posted - 2014.01.17 22:12:00 -
[27] - Quote
I'm white and you're black. I guess it's not race related. |
Arancar Australis
Dead Sun Rising Enterprises
60
|
Posted - 2014.01.19 02:41:00 -
[28] - Quote
Hi TJ,
1 billion isk sent your way.
Cheers,
AA |
Admiral PizzaRoll
Krull Serenity
22
|
Posted - 2014.01.21 22:09:00 -
[29] - Quote
OP looks pretty legit to me. |
Halastar Sayashi
Perkone Caldari State
0
|
Posted - 2014.01.21 23:09:00 -
[30] - Quote
Halastar Liquidity Co. is willing to offer 2 Billion... Pm me if interested. |
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