BBond Manager
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Posted - 2008.01.14 15:12:00 -
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Benvie Enterprises Bond Issue
Section 1 - Overview
I am seeking liquid capital in order to once again start up my trading efforts. Most of my ISK has recently been put into longer term, relatively hands-off investments that are not easily liquidated. In order to do the trading that has proved most profitable for me, I need at least 3 billion liquid ISK and am better off with closer to 10 billion.
Section 2 - Trust
I have been a marker regular for a bit over a year now. While this itself doesn't guarantee anything, it does show that I have more than a passing interest in both trading and stocks/bonds. Not only that but I have a post history that you can read to find out whether I have a clue or not.
Along with that, I have also run an IPO. You can read the prospectus [url=http://oldforums.eveonline.com/?a=topic&threadID=608330]here[/url]. The IPO has been managed by Shar Tegral and as a result I have only handled 2 billion of public ISK at any one time. However it shows that I did have a legitimate business plan and that plan worked very well. I directed the investment of 30 billion ISK primarily into advanced moon materials and tech 2 components (example: 10b worth of Ferrogel purchased at 10k ISK/unit). The final liquidation of the project is awaiting Shar Tegral, but projected earnings are in the 50-100% range for a period of less than 4 months.
Section 3 - Income and Assurance of Payment
My current net worth is approximately 25b not including characters. Should something catastrophic happen, I would still have enough assets to liquidate and repay the bond. Income from current projects is roughly 6-10b per month and estimated income from trading using the the bond would be about 10b. I am also expecting a payout from my management of Revelations Direct, as mentioned above, of about 5b, varying depending on the timing of Shar Tegral's liquidation of the assets.
Section 4 - Bonds Terms
* Bond Value: 1 million
* Number of Bonds: 10,000
* Total Value: 10 billion
* Return per month: 8% (80,000 per share)
The term of the bond shall be no more than 6 months from sale of the last bond. I retain the right to pay back the bond at any time after the first month's payment. I will only pay back the bond within 2 days of issuing a monthly payment.
Section 5 - Purchasing Bonds
To purchase bonds send your ISK to Benvie Bond Corp [BBOND]. ISK sent anywhere else will be returned. Share creation will finish at 19:26 Eve time today. You may reserve bonds in this thread, but I will only honor reservations for a 24 hours following their post.
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