|
|
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
EBANK Ricdic
Eve-Tech Savings n Loans
   |
Posted - 2007.11.22 00:29:00 -
[1]
Edited by: EBANK Ricdic on 22/11/2007 00:30:39
Treelox brings up some good points. I was kinda telling you in-game as well it would likely be a drawn out process for your sales or would never sell. There's nothing against your business plan at all, but with the one just before yours with both t2 and freighter bpo securities etc it was always going to be a battle for you.
Through EBANK I had to limit my investment substantially due to the lack of securities or history in this field. I would also normally have thrown 500m of personal funds into this but this whole month is dedicated to repaying C-P-H (which sucks as there are so many IPO's coming out that I want to invest in, most notably guys from my alliance spreading their wings)
But I have spent some time with you in-game and you seem like a decent bloke, but EBANK needs to limit it's investing as above. Probably one of the bigger diversification IPO buyers out here (Ricdic's Hoe) is taking a hiatus on purchases which makes it hard for you to get that 1 mass buyer to start the flood.
WWW.EVE-BANK.NET
|
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2008.01.28 03:19:00 -
[2]
 Originally by: Ricdic
Yeh I offered the buyback because I am fairly confident in Feyloan's skills to resolve the situation. Obviously other's aren't and I don't really want this thread to end up like Wylker's one. As I said when I first bought into it I do see the potential for Feyloan in this industry. He made a fatal mistake but the true testament will be seeing if he can recover from it.
Just coming back here and looking for resolutions shows that he doesn't want a tarnished reputation and my chats with him on msn and in-game lead me to believe he is going above and beyond the call of duty to try and fix the problem.
As was seen by Riethe, I could be wrong again which is why I am only buying back at 80%. Unfortunately the Riethe scam made me step back and look at those around me in a whole new light, people I have known and trusted with billions for years with me having to double question the trust etc. It's a good and bad thing but I hate having to do it.
Anyway yeh I could just buyback on all different toons it wouldn't matter and isn't enforcable. If anything I would see the Feyloan restriction of 1000 on me as a way to try and limit any fallout I recieve if he cannot resolve the situation.
Either way, I didn't get into the financial position I am in now by not taking risks. CCP made this game with Risk Vs Reward in mind, and even though they have had near zero hand in the MD portion of Eve over the years, Risk Vs Reward is still very much an important factor.
My reward if my belief in Feyloan is correct, is that those 5% minimum repayments go up to 6.25% minimum if Feyloan recovers and continues to meet repayments. If not and he liquidates then I get a higher amount back.
Liquidation at a loss or complete failure/scam is the adverse end of the scale. Time will tell but I can afford the loss if it occurs.
This is for Mtber
Originally by: Ricdic
Insider trading 4tw. Sell me your shares under priced.
Nah, I just know what he is trying to accomplish. If all that fails then I lose a lot more than the 20% discount for doing this buyback Smile
And another condition to my buyback of those shares
Originally by: Ricdic
We have been chatting about this for a few days now and it was completely his decision. Not wanting to capitalise off his RL expenses I also have an express deal that when it comes time to shut down shop or buy out his corp, he buys my shares off me at 85% of initial value (as I done the buyback at 80% for others).
So, simply put he told me what he wanted to do. I told the public that he had a few ideas but I would offer the buyback for those who wanted to get out. At the time of my offfer there was still every chance that he wouldn't follow through with his chosen resolution (buying of GTC's) and would just vanish. I felt there was still a fairly good chance of success so I took the chance. But there is no doubt I was taking a risk I definetly was worried.
Anyway as per above I offered Feyloan the option to buyback my shares at 85% of cost as I know he had a RL expense in all of this. I got them cheap, am happy to get a higher interest rate as a result,but will sell them back to him at a price similar to purchase price.
Mtber seems a little upset at me and seems to be out for vengeance. If anything this post was to clarify the situation behind this. Either way insider trading can't be governed in this game, but if things had ended on the other end of the scale (with Feyloan not bothering to get the GTC's) then I would have taken a nice loss and we wouldn't be having this conversation.
|
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2008.02.11 05:38:00 -
[3]
Ok if I can't get in contact with Feyloan over the next 3 days I will seize his operation and liquidate it (I hold all the assets). Feyloan's job is really simple, to accept a contract for a pile of freighter bpc's, and then sell them. Then pay dividends. Unfortunately its going to be hard to handle dividends as he has created a second corp so I cant just do a share for isk exchange. We need to figure something else out.
Either way, Feyloan advised a dividend would be forthcoming with a statement on the 3rd. It's now the 11th and I don't believe either has been provided. I haven't seen Feyloan on MSN of late either. Obviously he paid for all this with his own RL money so I really hope he comes forward or some sort of information is forthcoming as I don't want to have to liquidate but Feyloan you really need to step up and handle this or I will have no choice but to deal with it myself.
|
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2008.06.14 07:04:00 -
[4]
Send me the shares Fubar along with an evemail. I will wire you the funds when I get home from work in about 7 hours. I will pay full price for them (100%)
|
EBANK Ricdic
Eve-Tech Savings n Loans
|
Posted - 2008.06.14 10:12:00 -
[5]
I have been watching our financials and I have seen the consistency that wasn't present when you first started here. It took you some time to find your bearing but looks like you might be heading in the right direction.
So keep it up
|
|
|
| |
|