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FINU Manager
FIN-U
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Posted - 2007.04.15 15:21:00 -
[1]
Edited by: FINU Manager on 15/04/2007 15:28:40
***Please note that although I am copying the information from the discussion thread into this post, this is not for discussion. Discussion is encouraged in the discussion thread which can be found here. ***
FIN-U Bond Details 1) Background
Eve Financial Services (better known by the corp ticker of FIN) was launched in September 2006 offering a secured investment product with a guaranteed minimum return. The investment for FIN was T2 BPOs which could be locked down to secure asset value.
This worked well until CCP decided (in their infinite wisdom) to fiddle in the economy once again with reseeding and invention. So although FIN still makes more than the minimum return, the capital value has dropped which means that Isk has to be re-invested to increase the capital value of the fund at the expense of the dividends.
Although the FIN investors agreement allows for the terms of the investment to change I do not believe that it would be in keeping with the spirit of the initial investment and would likely not be in the best interests of all investors. The solution is to form a new investment fund which does not have any official security but pays out the actual returns rather than diverting them into capital growth.
2) What would the investment be in?
a)Trade
b)Financial products
c)Invention
d)Anything that FIN-U decide would be a good idea
3) What are the details?
The new corp is called FIN-U (for FIN Unsecured) and will operate under the following rules:
a)Bond will be sold for 1,000,000 Isk (1 Million Isk) each, directly through FIN-U and through the stock exchanges once they are listed (there is a listing process that takes some time). FIN-U will at all time hold the majority of bonds and may issue more bonds subject to demand.
b)Interest will be paid out based on the actual returns achieved. This is expected to be 6-8% once the business gets going.
c) There will be no security at all beyond my word. That means it is possible for me to just run with all the Isk, so if you donÆt trust that I wonÆt run with it then donÆt invest.
d) Reports every month will be general in nature without feedback given for every Isk spent. I have enough to do in life without spending all my free time capturing data into a spreadsheet.
e)There will be no official buyback policy. Of course it is possible to sell the bonds on the open market using one of the two stock exchanges (EGSEx and ResX). However if for some reason it is decided to close FIN-U down, all bonds will be bought back for the original selling price of 1,000,000 Isk each.
f)Interest (in the form of dividends) will be paid out by the end of each month. This may be split into multiple smaller dividends during the month or as a single large dividend at the end of the month at FIN-U managementÆs discretion.
g)There will be a management fee of 10% of the profits each month.
h)Although from time to time bond holders may be asked to give their opinion or vote on various issues, this is an indulgence by the FIN-U management and not a right. Bond holders will have a claim on the profits generated each month but will not have any official claim on decision making.
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FINU Manager
FIN-U
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Posted - 2007.04.15 15:21:00 -
[2]
Edited by: FINU Manager on 15/04/2007 15:27:53 4) How to buy directly from FIN-U?
a)Post in this thread. This is needed to make sure that the bonds are sent to the correct person as there is no way to track ingame share transfers. If you are unable to post in the sales thread you can also send an evemail to FINU Manager.
b)Please note that there is a minimum purchase of 10 Mill Isk at a time if bought directly.
c)Send the Isk to FINU Manager. All bonds will be sent to the person sending the Isk and will under no circumstances be sent to anyone else.
d)Although it will normally take no more than 24 hours to have your bonds sent to you, it may take longer depending on real life. However all transfers will be up to date prior to any dividend payments, so you will never loose out on a dividend due to any delay.
If you would like to buy through one of the stock exchanges (once they are listed), I would advise checking the ingame channels æEGSExÆ and æResXÆ.
5) Risks
a)FIN-U could be a scam. I give my word it is not, but there is nothing else to convince anyone that it is not a scam.
a)FIN-U could fail to meet expectations.
a)FIN-U could lie about the profit each month. I regard doing this as a scam and therefore consider it covered by option a).
If any of these risks or conditions are not acceptable to you then I urge you not to invest in FIN-U.
6) F.A.Q.
Q: How do we know that you will not just run off with the Isk?
A: You have no assurance other than my word that I will not. I have never ripped anyone off before and value my reputation more than Isk. I have enough Isk to do anything I want ingame as it is and stealing Isk from anyone will achieve nothing positive for me. If you do not trust that I will not scam you then I would rather you do not invest in FIN-U.
Q: Who is your main character ingame?
A: My main character is Eefrit although I have numerous production alts who will for obvious reasons not be disclosed
Q: Are you affiliated with any alliances?
A: Although I have been in a few ingame alliances I am not affiliated with any of them other than having friends in many of them.
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FINU Manager
FIN-U
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Posted - 2007.04.15 15:23:00 -
[3]
Edited by: FINU Manager on 15/04/2007 15:19:14
Reserved for future use
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FINU Manager
FIN-U
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Posted - 2007.04.15 15:24:00 -
[4]
Reserved for future use
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Treelox
Amarr Frontier Technologies
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Posted - 2007.04.15 15:25:00 -
[5]
200 shares pls
isk sent --
FTEK | Production ~ Research ~ Sales ~ Omber Zombie's Wet Work |
Eefrit
Eve Financial Services
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Posted - 2007.04.15 15:26:00 -
[6]
Confirming that FINU Manager is my alt.
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Amuse
Wreckless Abandon Triumvirate.
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Posted - 2007.04.15 16:11:00 -
[7]
200 shares, isk sendt
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Jaedar Metron
Artificial Horizons YouWhat
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Posted - 2007.04.15 16:23:00 -
[8]
50 goodies please, thanks.
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Eefrit
Eve Financial Services
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Posted - 2007.04.15 17:13:00 -
[9]
The first lot of bonds have now been transferred.
/Eefrit
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Lithalnas
Amarr Hadean Drive Yards Archaean Cooperative
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Posted - 2007.04.16 01:54:00 -
[10]
reserve 200 for me, i seem to be suck in a puddle of Mex 26 stations wide, its going to take a bit to dig myself out. (hit 2 jumps instead on 1, oops) ------------- Hadean Drive Yards The EvE inflation, 80 Macro miners, 1.5b isk/day |
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Arilius
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Posted - 2007.04.16 08:30:00 -
[11]
300 bonds... isk sent
Keep the good work going.
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Mark Weston
Caldari The Graduates Ivy League
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Posted - 2007.04.16 09:27:00 -
[12]
250 bonds please.
New to EVE? Join channel: "Eve University" or read here |
Phoenix IV
MegaTrade Corporation
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Posted - 2007.04.16 16:17:00 -
[13]
200 bonds please, ISK sent |
Eefrit
Eve Financial Services
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Posted - 2007.04.16 17:02:00 -
[14]
All transfers are up to date.
/Eefrit
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Thanatoe
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Posted - 2007.04.16 17:08:00 -
[15]
50 bonds please - isk sent
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Haffrage
Dirty Deeds Corp. Axiom Empire
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Posted - 2007.04.16 17:33:00 -
[16]
I'll take 250 bonds please -----
Tech 2 Tier 2 Battlecruisers |
Xanthar Rex
Black Eclipse Corp Band of Brothers
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Posted - 2007.04.16 18:41:00 -
[17]
Edited by: Xanthar Rex on 16/04/2007 18:39:26 200 bonds please. ISK sent.
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Blight1
Caldari The Clearwater Society Firmus Ixion
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Posted - 2007.04.17 03:32:00 -
[18]
20 bonds please isk sent to FINU Manager
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Locutus ofBorg
Caldari Royal Hiigaran Navy
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Posted - 2007.04.17 04:30:00 -
[19]
Eifrit is there anyway i can sell my 327k shares back to you at market price? been trying to get a hold of you
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Eefrit
Eve Financial Services
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Posted - 2007.04.17 16:07:00 -
[20]
Originally by: Locutus ofBorg Eifrit is there anyway i can sell my 327k shares back to you at market price? been trying to get a hold of you
The easiest way to get hold of me is to just evemail me. I don't have any mail from you so I assume you have not tried that yet.
I would rather not discuss FIN business in this FIN-U thread, but you are free to convo me ingame or evemail me with any queries.
Regards,
Eefrit
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Mular Sumnar
Gallente Espire
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Posted - 2007.04.18 18:37:00 -
[21]
Sing me up for 500, will transfer isk shortly.
Anarchism is founded on the observation that since few men are wise enough to rule themselves, even fewer are wise enough to rule others. Edward Abbey |
Eefrit
Eve Financial Services
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Posted - 2007.04.18 19:09:00 -
[22]
All transfers are up to date.
If you only send a message via evemail it may take longer to get your bonds transferred as I only log FINU Manager in if I see posts in the sales thread. You will of course get them just please be patient with them.
Regards,
Eefrit
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Rea Posavatz
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Posted - 2007.04.20 12:44:00 -
[23]
I'll take 300 shares, funds sent.
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Owayn
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Posted - 2007.04.20 13:27:00 -
[24]
Please send 50 shares. Sent isk.
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Deaths Kiss
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Posted - 2007.04.20 13:57:00 -
[25]
200 pls, isk is wired
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Marusi
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Posted - 2007.04.20 15:40:00 -
[26]
50 shares please isk sent
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Eefrit
Eve Financial Services
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Posted - 2007.04.20 20:29:00 -
[27]
All transfers up to date.
To confirm, there will be a dividend payment this month, although it will not be very big due to a combination of bonds only being issued for part of the month and the time it takes to get business into full swing.
Regards,
Eefrit
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Blight1
Caldari The Clearwater Society Firmus Ixion
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Posted - 2007.04.21 00:47:00 -
[28]
Another 100 Bonds please isk sent.
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Imperius Blackheart
Caldari Reprocity Pure.
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Posted - 2007.04.21 02:16:00 -
[29]
120 shares please, isk sending now :)
Good to be investing with you again.
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Ginea Moya
Caldari O.P.T
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Posted - 2007.04.21 12:28:00 -
[30]
Edited by: Ginea Moya on 21/04/2007 12:37:58 50mil's worth. ISK on it's way as we speak.
And yes... it's good to be investing with you again :)
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