Surprised it's not filled already hehe

he said dont send isk

Confirming I am holding the collatoral.

What ship is worth what in your opinion for them + plexes to be worth 1.1T alltogether?
can we get a value estimate for each ship please?

cheers.

no

well, why not?

edit: http://imgur.com/PesYzTO

food for thought.

edit #2 . ship evaluation from the horse's mouth: http://imgur.com/MvQWAPW

If you are valuing your own collateral at 805bil, why did you request 1tril at "100%" collateral? Collateral should be undervalued by about 10%, that allows you to request 724.5bil at 100% collateral. Personally though, I think collector items should be undervalued by much more than 10% because it can be so difficult to liquidate them if the borrower defaults. You have damaged your future ability to secure loans with this ridiculous thread.

390 PLEX - ~ 330b
1 Guardian Vexor - 180b
1 Adrestia - 150b
1 Mimir - 100b
1 Vangel 100b
1 Etana - 80b
1 Freki - 70b
1 Utu - 70b


Realistic Price estimations from my pov. (What some ppl would pay)

If it's that close (1.08 tril), what's another 50 bil collateral?

http://i.imgur.com/Pl693cq.jpg

I did not include the 390 PLEX.

Considering the amount at stake, the 6 months (min) duration and that: "If I had wanted to sell, I would've.", this is not just your typical, mundane loan.
It's a bond at a minimum. As such - or just as a courtesy to investors - a somewhat more detailed plan would have been welcome.

In example, just to give a tip, a business plan about how you'd raise a minimum of 114b in interests.
Because that, too, would need to be factored in the interest rate.
In fact, providing collateral is cool, but in this case getting it liquidated in a decent time frame would be a true pain and thus perspective investors would really want to be sure this is not just a "dumping my though-to-sell stuff" scheme.

For the new guys on this forum, I am putting a little article of mine describing a (much smaller) collateralized loan, the steps behind collateral appraisal and so on. From the Collateral Holder point of view.

But that's not all. Behind collateral of such magnitude there could be all sort of painful details.
In example, the "prospectus" does not detail where the collateral is.
In the past I had people insist I'd hold their 6B blinged marauder as collateral... with the detail it was stored 4 jumps in low sec.

Another had a couple hundreds of billions worth of capital BPOs... and they were in a middle-of-nowhere system in the whereabouts of Dodixie.
In case of default, collateral holder would have had to risk and sweat to get them moved to Jita.

Most of all, in case of default, investors start demanding their ISK back NOW and any delay makes them pressure and eventually start stating the 3rd party service is maliciously stealing keeping the collateral, with great image damage for the intermediary.

Last but not least, a portion of the collateral is made of highly speculative items. That alone would deserve an appraisal like this one.

So, here we have a relatively low % interest payout, well below the customary 110% safety margin and some of the most painful-to-move/sell collateral (dealing with rarities collectors is a painful matter itself).

I suggest some re-adjustment.


Edit: another thing for the Market Discussion newcomers: I found this example of "official collateral appraisal". Yes, I really miss the "meta" we used to have in this forum.

That's a wall of text for I don't know but I better make myself sound important like the self appointed MD weasel that I am.