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BBond Manager
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Posted - 2008.01.14 15:12:00 -
[1]
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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Benvie
Benvie Enterprises
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Posted - 2008.01.14 15:13:00 -
[2]
Confirming it's me.
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Leowen
Industrial Giants
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Posted - 2008.01.14 15:17:00 -
[3]
Edited by: Leowen on 14/01/2008 15:18:23
2b reserved, will confirm later*
Leo
EDIT: *pending some background research
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Feyloan
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Posted - 2008.01.14 15:34:00 -
[4]
I'll take 200 million pending a little research when I get home from work ;) (and a chat with you as well)
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.01.14 15:48:00 -
[5]
Are there any limitations regarding how much each character can buy in for? If you don't raise the full 10b will you modify the ipo based on how much you do get? As far as the Income and Assurance of Payment section, are you willing to submit to an audit or some type of review of your assets/characters by a trusted 3rd party?
I'd like to reserve 200 million pending further information.
Amarr Citizen 155
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Why do it the hard way when you can do it the AMARR way. |
Kyrial Tidolfas
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Posted - 2008.01.14 15:48:00 -
[6]
so you say you are making 10b a month.
with this bond you are making 10b more.
and we are all getting 8% a month i.e. 80k per share??
you need to be more generoues...oh wait then you will get called a scam.
nvm
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 15:50:00 -
[7]
 Originally by: Amarr Citizen 155
Are there any limitations regarding how much each character can buy in for?
There aren't.
Originally by: Amarr Citizen 155
If you don't raise the full 10b will you modify the ipo based on how much you do get?
I would modify it if I had to, but I believe I can get 10b.
Originally by: Amarr Citizen 155
As far as the Income and Assurance of Payment section, are you willing to submit to an audit or some type of review of your assets/characters by a trusted 3rd party?
I'd be willing to do this but I have no intention of paying a significant amount for the service, and I'm only interested in doing it if it can be done quickly, as in a matter of a day or two.
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 15:52:00 -
[8]
Originally by: Kyrial Tidolfas
so you say you are making 10b a month.
with this bond you are making 10b more.
and we are all getting 8% a month i.e. 80k per share??
you need to be more generoues...oh wait then you will get called a scam.
nvm
I'm not going to pay more than I have to. This is a bond, not an IPO. 8% is above the accepted average, and I did that as I'm not sure how well trusted I am. I know I'm more trusted than the random people who come here and ask for ISK as their first post though.
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Kyrial Tidolfas
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Posted - 2008.01.14 15:56:00 -
[9]
Originally by: Benvie
Originally by: Kyrial Tidolfas
so you say you are making 10b a month.
with this bond you are making 10b more.
and we are all getting 8% a month i.e. 80k per share??
you need to be more generoues...oh wait then you will get called a scam.
nvm
I'm not going to pay more than I have to. This is a bond, not an IPO. 8% is above the accepted average, and I did that as I'm not sure how well trusted I am. I know I'm more trusted than the random people who come here and ask for ISK as their first post though.
if you are getting 10b a month then why not wait 1 month or something. go hide under a rock or whatever then one month later come back stronger than ever!!!one!eleven
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 15:59:00 -
[10]
Two reasons. One, I'm trying acquire a character for trading right now that won't be there in a month. Two, I can get the bond now and make money off it while I'm waiting for my other income to come in. The maximum term for the bond is 6 months but I will most likely pay it back in 2 or 3.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.01.14 15:59:00 -
[11]
Put EBANK down for 1b as a reservation. I want to read your post and have a chat with a few people before finalising it. Will confirm/deny within 24 hours.
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Kyrial Tidolfas
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Posted - 2008.01.14 16:04:00 -
[12]
put me down for 500m pending till the shepherd has spoken.
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Midas Man
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Posted - 2008.01.14 16:18:00 -
[13]
Originally by: Kyrial Tidolfas
so you say you are making 10b a month.
with this bond you are making 10b more.
and we are all getting 8% a month i.e. 80k per share??
you need to be more generoues...oh wait then you will get called a scam.
nvm
Kyrial Tidolfas Posted - 2008.01.14 16:04:00 - [12] - Quote - Report
--------------------------------------------------------------------------------
put me down for 500m pending till the shepherd has spoken.
Hmm anyone else see a bit of a hypocrit here hows your Scam....i mean bond going.
Back to the topic at hand could i reserve a 100 mil will confirm later this evening/tomorrow
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Evaclyn
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Posted - 2008.01.14 16:19:00 -
[14]
I would like to reserve 200 million.
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Relyen
Caldari
Digital Fury Corporation
Digital Renegades
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Posted - 2008.01.14 16:24:00 -
[15]
Reserving 1 Bil, pending research. Will confirm later.
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Mr Horizontal
Gallente
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Posted - 2008.01.14 16:25:00 -
[16]
250 for me please.
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Kyrial Tidolfas
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Posted - 2008.01.14 16:29:00 -
[17]
Originally by: Midas Man
Originally by: Kyrial Tidolfas
so you say you are making 10b a month.
with this bond you are making 10b more.
and we are all getting 8% a month i.e. 80k per share??
you need to be more generoues...oh wait then you will get called a scam.
nvm
Kyrial Tidolfas Posted - 2008.01.14 16:04:00 - [12] - Quote - Report
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put me down for 500m pending till the shepherd has spoken.
Hmm anyone else see a bit of a hypocrit here hows your Scam....i mean bond going.
Back to the topic at hand could i reserve a 100 mil will confirm later this evening/tomorrow
on what basis are you calling me a scam. a man with an exclamation mark as a face.
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Ricdic's Hoe
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Posted - 2008.01.14 16:39:00 -
[18]
You are asking for a forum ban if you keep this up Kyrial. Read the post I put in your thread. If you want even a drop of value left in your name stop now. You are inches from the failed scammers bag and yet you keep thinking everyone is out to get you.
The OP of this thread has done nothing to harm you. As such you should respect that and not try to derail him like you did the other one.
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Kyrial Tidolfas
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Posted - 2008.01.14 16:46:00 -
[19]
Originally by: Ricdic's Hoe
You are asking for a forum ban if you keep this up Kyrial. Read the post I put in your thread. If you want even a drop of value left in your name stop now. You are inches from the failed scammers bag and yet you keep thinking everyone is out to get you.
The OP of this thread has done nothing to harm you. As such you should respect that and not try to derail him like you did the other one.
just in case you didnt notice, he called me a scammer.
and you semi-threatening me with a ban sickens me. what have i said to suggest that people are out to get me in this thread. i said 2 things, 1 was he says he will be making a lot of money and he is not giving away much. and 2 was that exclamation mark man made random accusations against me.
i am not derailing or attacking or being paranoid at all. you seriously need to read before you post because you (i assume you are ricdic) have much more influence than me. i can say someone is a scam and nothing happens. when you say someone is a scam, people listen and that power needs responsibility.
are you gonna personally ban me? or do you think your MD influence extends to GM as well?
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Midas Man
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Posted - 2008.01.14 16:47:00 -
[20]
Edited by: Midas Man on 14/01/2008 16:49:54
Edited by: Midas Man on 14/01/2008 16:49:16
on what basis are you calling me a scam. a man with an exclamation mark as a face.
Sorry this post isn't the place but as i was investing i couldn't help commenting earlier. I have put details on your thread as to why i beleive your a ConArtist. please respond there as this post isn't the place.
Sorry again Benvie
edit forgot to add, yes i have an exclamation mark as this is my new Trade alt. My main is Bob Killan, nothing to hide here 
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Shadarle
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Posted - 2008.01.14 16:50:00 -
[21]
Edited by: Shadarle on 14/01/2008 16:51:02
I'd like to reserve 3b worth. As with Ricdic I'd like a day to look into some things though
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Kyrial Tidolfas
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Posted - 2008.01.14 16:51:00 -
[22]
Edited by: Kyrial Tidolfas on 14/01/2008 17:05:58
Edited by: Kyrial Tidolfas on 14/01/2008 17:02:07
Originally by: Midas Man
Edited by: Midas Man on 14/01/2008 16:49:16
on what basis are you calling me a scam. a man with an exclamation mark as a face.
Sorry this post isn't the place but as i was investing i couldn't help commenting earlier. I have put details on your thread as to why i beleive your a ConArtist. please respond there as this post isn't the place.
Sorry again Benvie
edit forgot to add, yes i have an exclamation mark as this is my new Trade alt. My alt is Bob Killan, nothing to hide here
your pathetic attempt to get even more traffic to my thread which has been overrun by nay-sayers and dream-crushers is disconcerting. i must ask, who is your main?? a question mark?
edit: i wont post anymore in this thread
second edit: this is a response to the following post made my ricdic's hoe
Originally by: Midas Man
Hmm anyone else see a bit of a hypocrit here hows your Scam....i mean bond going.
thats the scam calling
and yours one was something along this line
"oh and ofcourse he will use his own money, if you believe that..."
while not explicit, it is a scam-calling nonetheless.
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Ricdic's Hoe
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Posted - 2008.01.14 16:57:00 -
[23]
Originally by: Kyrial Tidolfas
just in case you didnt notice, he called me a scammer.
Where?
Quote:
and you semi-threatening me with a ban sickens me
No, it's a friendly warning. Your crusade will result in a ban if you keep it up. Hijacking posts left, right and center with no content whatsoever. Your first and third post in this thread were laced with sarcasm. Let me clarify as you maybe missed it:
Quote:
you need to be more generoues...oh wait then you will get called a scam.
Quote:
put me down for 500m pending till the shepherd has spoken.
Stop acting like a spoilt brat who doesn't get their own way. If you have a problem with me or others on the MD forum keep it to your thread. Every new post you do does nothing more than confirm my initial feelings of you based on that simple post you made betting on a scam.
Quote:
i can say someone is a scam and nothing happens. when you say someone is a scam, people listen and that power needs responsibility.
Absolutely. I didn't call you a scam. Not once have I called you a scam.
Quote:
are you gonna personally ban me? or do you think your MD influence extends to GM as well?
Oh wait, is that more sarcasm I see. No wai! It won't need my report to happen, the 20+ other people getting annoyed by your constant trolls will handle that part for you.
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Feyloan
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Posted - 2008.01.14 17:00:00 -
[24]
Edited by: Feyloan on 14/01/2008 17:04:04
Please do not hijack yet another thread, this is going far over board, get back on topic, which is Benvie's Bond...which is also 2/3 sold out already  congrats benvie
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Ulstan
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Posted - 2008.01.14 17:00:00 -
[25]
Edited by: Ulstan on 14/01/2008 17:02:33
I'd like to reserve 200 shares please.
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Shadarle
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Posted - 2008.01.14 17:10:00 -
[26]
I believe it is nearly 100% sold out now as it was 6,350/10,000 before I made my post for 3b. I would have reserved 5b if there were that many shares available... but I like round numbers 
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Tarash Awin
Minmatar
Sackville
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Posted - 2008.01.14 17:15:00 -
[27]
I'll take 2 billion worth ie whatever is left.
Tarash Awin - Sackville [SACKE]
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.01.14 17:27:00 -
[28]
At the moment I count 10.55bn isk reserved in total. If enough other people back out or the bond is expanded, please put me down for 1bn.
My research services
Spreadsheets: Top speed calculation - Halo Implant stats |
EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.01.14 17:31:00 -
[29]
Reserved share Sellout in 2 hours and 3 minutes
Very nice work
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Ayami Sakura
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Posted - 2008.01.14 17:33:00 -
[30]
I realize you're running out of shares, but should you like to expand the total amount of the bond issue or if someone doesn't honour their reservation I would like to reserve 500 shares.
Should you confirm I am among the chosen few I will send the isk 
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Evaclyn
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Posted - 2008.01.14 17:50:00 -
[31]
Originally by: Kyrial Tidolfas
your pathetic attempt to get even more traffic to my thread which has been overrun by nay-sayers and dream-crushers is disconcerting. i must ask, who is your main?? a question mark?
I feel bad about aiding the derailing of this thread, but seeing as the bond was already filled, I'd like to point out how much irony there is that you're doing your 'thing' in this particular thread. Take a look at Benvie's response to every question asked in this thread. Every answer was straight forward, well reasoned and most importantly: professional.
Despite the sarcasm and scrutiny from you, he was never defensive or accusatory. He answered your childishness with maturity, which boosted his presentation while at the same time making you look foolish. This demeanor, along with a good background is why he was able to fill a 10B bond at 8% in under 3 hours, while you can't even get 1B in 10 days, offering over 10%.
It has nothing to do with the "regulars" bringing you down. They simply applied the pressure, and your reaction and response is what people judged you by. If you still want to run a successful IPO, I'd suggest you compare your first 5 answers in your thread with Benvie's first 5 answer in this thread, and learn from the differences between the two.
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CCP Mitnal
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Posted - 2008.01.14 18:15:00 -
[32]
Cleaned
Please stay on-topic.
Mitnal,
Community Representative
EVE Online
CCP Games
Email/Netfang |
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Shadarle
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Posted - 2008.01.14 18:16:00 -
[33]
I would like to note that if Benvie had tried to do a 20b+ IPO I may not have bought into it. He probably could have gotten 20b, but it would have been a bit suspicious since he hasn't finished off his first joint-ipo yet. 10b is clearly below what he could have gotten if he really wanted to, thus it makes me doubt it will end in scam.
The 10b at 8% was a perfect number this time around for me. If either was higher it would have been suspicious imo. But at these numbers I believe Benvie is likely trustworthy enough for my money. Don't take this as an endorsement though as I'm not refunding anyones money if something goes wrong.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.14 19:35:00 -
[34]
if this is still open, i would like to reserve 10 shares (10 mil) as i'm at work right now, but will send isk when i get home.
Originally by: Snowden Vel
I like this thread because I'd almost forgotten what BoB sounds like in the throes of a completely narcissistic delusion.
I am not affiliated with BoB or Goons. |
Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 19:38:00 -
[35]
I'd put in anywhere from 50-100M if it were available, Gratz Benvie.
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Dreysine
Paratheoanametamystichood
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Posted - 2008.01.14 19:56:00 -
[36]
put me down for 500mil if you want to open up a little more, or someone doesnt take their reservation.
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 20:22:00 -
[37]
Ok looks like we're sold out with some spare in case some reservations back out. You're welcome to post reservations here, but I doubt anyone else will be able to get shares. Tarash Awin is last with his reservation for 2b, though if everyone prior to him follows through he'll only get 250m worth. I have 1.1b of in-game reservations as well. I may have people who sent ISK, I'll have to do timeline check to see who got in under the buzzer.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 20:23:00 -
[38]
just accept the last orders and any requests after your final post would not be considered :P
J/K!!! :)
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 20:29:00 -
[39]
Ok good, no one sent ISK who hadn't contacted me already. Assuming no one backs out, everyone up to who I said in my last post will get bonds, along with two people who contacted me in game.
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 20:32:00 -
[40]
Edited by: Benvie on 14/01/2008 20:33:50
Shares are ready to hand out. Those who reserved in this thread up to Tarash Awin can send ISK if/when they deem fit. Your reservations are good for 24 hours from now. If anyone decides to pull out I'll go down the list. If you've reserved shares and are beyond the limit either check this thread, or I'll contact you with an eve mail letting you know you're up to purchase the bonds.
Edit: Tarash Awin you're eligible for 250m worth of bonds at the moment, not the full 2 bil.
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.14 20:45:00 -
[41]
and so the rich get richer, while the rest of us that want to try to play the market gets screwed and locked out of any hope whatsoever. not fair to us newer players :( we don't have billions upon billions of isk to just throw at whatever IPO/bond comes out to buy it out. heck, 10 million for me to have attempted to invest into this venture (my first aside from EBANK and that only because they have an unlimited number of signups) is a significant chunk of change for me. |
Benvie
Benvie Enterprises
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Posted - 2008.01.14 20:48:00 -
[42]
Edited by: Benvie on 14/01/2008 20:49:07
Well here's the thing. Bonds and most IPOs really aren't good for people at that level of wealth. It's only 8% per month. That's great if you have billions of ISK and are struggling to invest it all. But at 10m, 100m, or even a billion it's basically trivial to invest it in your own venture and make much much more than 8%. With 25b in assets I'm not personally happy in my ventures unless I'm getting 30-100% return per month. At 10m net worth I was doubling my investment in less than 2 days.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 20:55:00 -
[43]
Originally by: Tobin Shalim
and so the rich get richer, while the rest of us that want to try to play the market gets screwed and locked out of any hope whatsoever. not fair to us newer players :( we don't have billions upon billions of isk to just throw at whatever IPO/bond comes out to buy it out. heck, 10 million for me to have attempted to invest into this venture (my first aside from EBANK and that only because they have an unlimited number of signups) is a significant chunk of change for me.
It is fair, I wanted to invest in the RW google by then their shares had skyrocketed like crazy and they have done well you just have to be ON that boat when it arrives otherwise it will LEAVE and that boat will either get you to the next stop or it will SINK thats the risk investors take.
Now, I agree with Benvie while higher amounts of ISK is better, I still disagree that even 100M is trivial. Sure the rate of return is much slower but every ISK counts. The more Billions you have beyond 1B is the best really.
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.14 20:57:00 -
[44]
unfortunately though, i have yet to see any kind of return on that whatsoever.
probably owing to the fact that i'm new and don't have any inside trading tips, experience, whathaveyou. i HAVE been reading the market forums and trying some basic stuff (buying a particular item at a low price and then reselling for a higher one) however, just not seeing any kind of massive return that you proclaim. |
Benvie
Benvie Enterprises
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Posted - 2008.01.14 21:07:00 -
[45]
When I started trading I had 5m ISK from mining. I am, to this day, a big noob when it comes to combat, fitting ships, and anything related to fighting. All you have to do is find two high pop locations (I always used Jita as one). Go down the list of items and look at EVERY SINGLE ITEM and compare prices and volume traded. You don't have to have a clue what the stuff does or why people want it, all you need to do is understand how the market interface works. Also I probably wouldn't want to do it without two accounts.
As time goes on and you've spent time looking at the market you'll start to notice patterns. What's hot, what's not. What has volatile prices, what's stable. What has good margins, what has bad margins. It's just a matter of keeping your nose in the market display and being able to stick with it long enough so that the patterns jump out at you. That's all I did. I started with 5m, never got any kind of wind fall or break, and I built up to a billion in a month.
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Shadarle
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Posted - 2008.01.14 21:10:00 -
[46]
Originally by: Tobin Shalim
unfortunately though, i have yet to see any kind of return on that whatsoever.
probably owing to the fact that i'm new and don't have any inside trading tips, experience, whathaveyou. i HAVE been reading the market forums and trying some basic stuff (buying a particular item at a low price and then reselling for a higher one) however, just not seeing any kind of massive return that you proclaim.
This is not the fault of anyone else but yourself. Investing 10 million would mean every month you get 800k isk back. Is that really going to make a real difference to you?
You could buy a 10 million isk module and resell it for 11 million and make more money in a single sale.
On the other hand I had over 30 billion spare ISK sitting in my wallet doing nothing. Getting back 240 million isk every month for 1/10th of that is a nice little boost considering it was doing nothing else for me. To top it off there have been very few IPO's/Bond's I've felt were worthy of investment lately, so Benvie got 3 times my usual investment because of it.
In any case, Benvie's bond offering thread is not the place to complain about your own financial misfortunes.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Myrdyr
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Posted - 2008.01.14 21:52:00 -
[47]
LOL, Benvie just dropped 3.5bil of other people's isk on an 11mil SP character.
http://oldforums.eveonline.com/?a=topic&threadID=681128
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 21:56:00 -
[48]
Originally by: Tobin Shalim
unfortunately though, i have yet to see any kind of return on that whatsoever.
probably owing to the fact that i'm new and don't have any inside trading tips, experience, whathaveyou. i HAVE been reading the market forums and trying some basic stuff (buying a particular item at a low price and then reselling for a higher one) however, just not seeing any kind of massive return that you proclaim.
Not everything has massive returns, and most things don't. Speculative markets sometimes do, you just need to know which basket to put your eggs in.
You don't need insider tips, I didn't know he was going to make an IPO today though I knew he was considering doing it but never said today so I missed the boat :( (thanks to you Benvie :@ :P)
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 21:57:00 -
[49]
Actually that's my ISK. I'll use the 10b from the bond to populate trade orders on that character as well as this one. The sale of the account is actually why I released this bond now. I had been planning it, but would have waited another week or two to actually do it had that account not come along. Been waiting for a decent trader account for months.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 22:01:00 -
[50]
Originally by: Myrdyr
LOL, Benvie just dropped 3.5bil of other people's isk on an 11mil SP character.
http://oldforums.eveonline.com/?a=topic&threadID=681128
I believe he did state that he intended to do such in his OP, please read instead of making a fool out of yourself. Yes he sure did drop 3.5B of other people's isk into that character, its PART of his IPO plan! Read and you will understand!
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 22:03:00 -
[51]
I didn't mention it in the original post, but I did mention it on the first page. I didn't want to get specific because I didn't want more competition. I went for the buyout because I really didn't want to see anyone else grab the account, it's exactly what I've been looking for.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 22:03:00 -
[52]
Originally by: Benvie
Actually that's my ISK. I'll use the 10b from the bond to populate trade orders on that character as well as this one. The sale of the account is actually why I released this bond now. I had been planning it, but would have waited another week or two to actually do it had that account not come along. Been waiting for a decent trader account for months.
Ok, I thought it was part of the bond money, but if its your own money then that is even better. Had it been bond money it wouldn't have been a problem either I suppose; Either way it would have worked out fine I'm sure.
This guy needs to pay attention and stop assuming.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 22:04:00 -
[53]
Originally by: Benvie
I didn't mention it in the original post, but I did mention it on the first page. I didn't want to get specific because I didn't want more competition. I went for the buyout because I really didn't want to see anyone else grab the account, it's exactly what I've been looking for.
For some reason I thought it was in the OP, but regardless it was/is part of your plan anyway whether it was with bond money or personal money.
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 22:09:00 -
[54]
Edited by: Benvie on 14/01/2008 22:09:36
For those curious but too lazy to copy and paste the link, the account has 6m points in trade, 2m or so towards Freighter/Transport ships, and 1.6m in Learning.
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Myrdyr
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Posted - 2008.01.14 22:18:00 -
[55]
The LOL here is in the numbers, not the act.
Standings are worth more than Accounting V or Broker Relations V, and you paid 3.5B for 8mil of relevant SP.
I understand a small premium could be paid for the opportunity cost of not having to train up another trade alt, but wow.
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Brisco Smiley
Peppermint Bay Trading Company
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Posted - 2008.01.14 22:19:00 -
[56]
Originally by: Tobin Shalim
unfortunately though, i have yet to see any kind of return on that whatsoever.
(off topic): Hauling is a good way to learn.
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 22:20:00 -
[57]
It would take me about 60 days to get an alt to the skill level I need, just for the trading skills (I have the skill plan set up in EveMon right now). I can make 100-300m a day profit with the skills that character has. With that level of profit I don't really care. It'll be paid off in a couple weeks. Better than waiting two months to train the alt.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 22:27:00 -
[58]
Originally by: Myrdyr
The LOL here is in the numbers, not the act.
Standings are worth more than Accounting V or Broker Relations V, and you paid 3.5B for 8mil of relevant SP.
I understand a small premium could be paid for the opportunity cost of not having to train up another trade alt, but wow.
The seller says there's not much to the standings worth mentioning so whats your point?
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Myrdyr
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Posted - 2008.01.14 22:53:00 -
[59]
Originally by: Trilori
The seller says there's not much to the standings worth mentioning so whats your point?
Could you please let the big kids talk?
Originally by: Benvie
It would take me about 60 days to get an alt to the skill level I need, just for the trading skills (I have the skill plan set up in EveMon right now). I can make 100-300m a day profit with the skills that character has. With that level of profit I don't really care. It'll be paid off in a couple weeks. Better than waiting two months to train the alt.
I'm pretty sure you can make more with 3.6billion isk and a brand new trade alt with the 40-50 slots you can start off with. I was curious how you'd present your argument for opportunity cost and quite frankly I'm disappointed.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 23:07:00 -
[60]
Originally by: Myrdyr
Originally by: Trilori
The seller says there's not much to the standings worth mentioning so whats your point?
Could you please let the big kids talk?
Originally by: Benvie
It would take me about 60 days to get an alt to the skill level I need, just for the trading skills (I have the skill plan set up in EveMon right now). I can make 100-300m a day profit with the skills that character has. With that level of profit I don't really care. It'll be paid off in a couple weeks. Better than waiting two months to train the alt.
I'm pretty sure you can make more with 3.6billion isk and a brand new trade alt with the 40-50 slots you can start off with. I was curious how you'd present your argument for opportunity cost and quite frankly I'm disappointed.
You're heading into insulting grounds, I'm starting to not like you. He purchased with his own personal money, it was his choice not yours. Had it been public money then there could be some possibilities.
Maybe it is cheaper to start a new trade alt and acheive the same thing with far less cost however like he said skill training would take some time thus profits would not be considerable until such time.
Which do you want? 2-3 months before you can start seeing at least 1B/month or do you want to see 1B+/month now?
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 23:12:00 -
[61]
It wouldn't matter if I had used bond money to purchase it anyway. The character's skills clearly line up with the plan I outlined. Now all I have to do is pay 8% per month and pay back the original investment upon liquidation and everything is kosher. I don't think Myrdyr is contesting that though, just for whatever reason he wants to make light of my purchasing decision. I'm not offended, and if I wanted to hide it I would have used a secret alt to bid. I didn't, I used my main.
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Myrdyr
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Posted - 2008.01.14 23:16:00 -
[62]
Edited by: Myrdyr on 14/01/2008 23:16:25
What do you want me to do when you can't understand the basic facts? You're [Trilori] being dumb.
Character was for sale. Benvie paid an IMO unwarranted premium and I was curious to get his stance on it. If the character had 6-7 standings with Caldari Navy I'd personally value it at the 2bil he bid initially, but for 3+ bil I'd expect some pretty serious faction standings. If you don't know what standings are good for, for a trade alt, well...try to figure it out. Shadarle has some good posts on the subject.
Trade alts are harder to find than freighter alts, though, so while I understand his willingness to pay what he did, it initially was a pretty wasteful expenditure of what looked like public funds.
But that's why people post questions or bring facts to light -- to get clarification on a subject and promote discourse.
GL in your bond venture Benvie.
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Benvie
Benvie Enterprises
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Posted - 2008.01.14 23:21:00 -
[63]
Thanks, and I want to reiterate that I didn't take offense at your posts. Despite our disagreement you've brought your points up cordially.
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Leowen
Industrial Giants
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Posted - 2008.01.14 23:39:00 -
[64]
Let's keep this productive guys.
2B ISK sent to BBOND for 2000 shares as reserved. Best of luck with your venture Benvie.
Leo
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.14 23:52:00 -
[65]
Originally by: Myrdyr
Edited by: Myrdyr on 14/01/2008 23:16:25
What do you want me to do when you can't understand the basic facts? You're [Trilori] being dumb.
Character was for sale. Benvie paid an IMO unwarranted premium and I was curious to get his stance on it. If the character had 6-7 standings with Caldari Navy I'd personally value it at the 2bil he bid initially, but for 3+ bil I'd expect some pretty serious faction standings. If you don't know what standings are good for, for a trade alt, well...try to figure it out. Shadarle has some good posts on the subject.
Trade alts are harder to find than freighter alts, though, so while I understand his willingness to pay what he did, it initially was a pretty wasteful expenditure of what looked like public funds.
But that's why people post questions or bring facts to light -- to get clarification on a subject and promote discourse.
GL in your bond venture Benvie.
Your professionalism shows real well sir. I'm known to be stupid and dumb, but I don't appreciate being called one.
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Feyloan
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Posted - 2008.01.15 00:02:00 -
[66]
200 million sent to the corp
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Ulstan
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Posted - 2008.01.15 01:37:00 -
[67]
200 mil ISK sent. I messed up with the keyboard so it's getting sent in two chunks.
Quote:
Benvie paid an IMO unwarranted premium
This reminds me of the complaints of people selling items for 'too little'.
I think folks are entitled to decide what their own time is worth.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.15 01:49:00 -
[68]
Originally by: Ulstan
200 mil ISK sent. I messed up with the keyboard so it's getting sent in two chunks.
Quote:
Benvie paid an IMO unwarranted premium
This reminds me of the complaints of people selling items for 'too little'.
I think folks are entitled to decide what their own time is worth.
Agreed plus he paid with his own pocket money not public funds as he tried to say.
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Kyrial Tidolfas
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Posted - 2008.01.15 02:26:00 -
[69]
i am not sure if benvie would allow me to do this. but i would like to sell my reservation for 500m for 10% of that i.e. 50m.
if this is not allowed then i will follow send the iskies later.
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Benvie
Benvie Enterprises
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Posted - 2008.01.15 02:31:00 -
[70]
What you do after you get the bonds is up to you, but you're not selling a reservation.
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SonOfAGhost
Minmatar Munitions and Tactical Assets Repository
Zzz
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Posted - 2008.01.15 02:31:00 -
[71]
Originally by: Kyrial Tidolfas
i am not sure if benvie would allow me to do this. but i would like to sell my reservation for 500m for 10% of that i.e. 50m.
if this is not allowed then i will follow send the iskies later.
10% premium for an 8%/month bond that he hopes to pay off in as little as 2 months, leaving anyone that would pay that for your reservation with perhaps only 3%/month? Please name and shame anyone that takes you up on that
---
Originally by: Treelox
Dear Mod,
Yes it was worth it.
---
Lag? GTFOOJ! |
Kyrial Tidolfas
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Posted - 2008.01.15 02:44:00 -
[72]
Originally by: SonOfAGhost
Originally by: Kyrial Tidolfas
i am not sure if benvie would allow me to do this. but i would like to sell my reservation for 500m for 10% of that i.e. 50m.
if this is not allowed then i will follow send the iskies later.
10% premium for an 8%/month bond that he hopes to pay off in as little as 2 months, leaving anyone that would pay that for your reservation with perhaps only 3%/month? Please name and shame anyone that takes you up on that
because benvie wouldnt let me sell my reservation if you want to get in you can ofcourse buy it off me right after.
10% is guaranteed profit after 2 month's which is the least time as said by benvie. it is a good deal.
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.15 03:07:00 -
[73]
Originally by: Kyrial Tidolfas
Originally by: SonOfAGhost
Originally by: Kyrial Tidolfas
i am not sure if benvie would allow me to do this. but i would like to sell my reservation for 500m for 10% of that i.e. 50m.
if this is not allowed then i will follow send the iskies later.
10% premium for an 8%/month bond that he hopes to pay off in as little as 2 months, leaving anyone that would pay that for your reservation with perhaps only 3%/month? Please name and shame anyone that takes you up on that
because benvie wouldnt let me sell my reservation if you want to get in you can ofcourse buy it off me right after.
10% is guaranteed profit after 2 month's which is the least time as said by benvie. it is a good deal.
just sell them at face value nothing more nothing less.
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Relyen
Caldari
Digital Fury Corporation
Digital Renegades
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Posted - 2008.01.15 03:09:00 -
[74]
1 Billion Isk Sent.
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Kwint Sommer
Incoherent Inc
Otaku Invasion
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Posted - 2008.01.15 04:17:00 -
[75]
Originally by: Benvie
Thanks, and I want to reiterate that I didn't take offense at your posts. Despite our disagreement you've brought your points up cordially.
Not investing but I would like to say thanks to Benvie for doing a professional IPO. Lately we seem to be running a bit short of guys like you on MD.
Best of luck with you business.
5% Mining & Manufacturing Implants |
Astorothe
Aperture Science Industries
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Posted - 2008.01.15 04:21:00 -
[76]
*blinks* Wow that baby sold fast.
Eve Corp and Fansite Web design, development and hosting services |
Benvie
Benvie Enterprises
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Posted - 2008.01.15 04:37:00 -
[77]
More than half the bonds have been paid for now. Just waiting on four people for the remaining part. Heading to bed soon, will probably be available to send shares about 12 hours from now.
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Kaisho Stormrider
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Posted - 2008.01.15 05:57:00 -
[78]
If by any chance some of the reservations fall through  , I would be interested in 500m's worth.
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Ambo
2nd Outcasters
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Posted - 2008.01.15 09:03:00 -
[79]
Damn it! Nothing worthwhile for weeks and when I finally give up and don't check the forum for just one day, this pops up. 
Congrats and good luck Benvie, you clearly have a lot of respect from others round here. (Including me)
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Kyrial Tidolfas
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Posted - 2008.01.15 10:20:00 -
[80]
Originally by: Kaisho Stormrider
If by any chance some of the reservations fall through , I would be interested in 500m's worth.
i am willing to sell you 500m worth of shares at 550m
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Midas Man
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Posted - 2008.01.15 10:57:00 -
[81]
I will send the 100mil for my shares when i get home from work about 17.30 (GMT). If thats ok I know its a little over the 24 hours stated but work generally gets in the way of everything.
Let me know if thats ok.
Regards
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Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.15 15:03:00 -
[82]
Originally by: Kyrial Tidolfas
Originally by: Kaisho Stormrider
If by any chance some of the reservations fall through , I would be interested in 500m's worth.
i am willing to sell you 500m worth of shares at 550m
Don't bother, the IPO hasn't even "started" they are still in the selling stage. Don't buy this overpriced, either buy it at face value or wait 30-60 days and if the the bond does well then you might consider purchasing it at a higher value but I don't think it will go up that much.
I don't know why he wants to make a pure 50M profit? There is no need to.
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Shadarle
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Posted - 2008.01.15 16:43:00 -
[83]
Originally by: Trilori
I don't know why he wants to make a pure 50M profit? There is no need to.
What is wrong with you? You don't know why he wants to make a profit? Seriously?
Stop telling other people what to do. If someone is stupid enough to buy shares at 10% over price from him that is their business.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Trilori
Caldari
GearBox Fleet Svcs
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Posted - 2008.01.15 16:46:00 -
[84]
Originally by: Shadarle
Originally by: Trilori
I don't know why he wants to make a pure 50M profit? There is no need to.
What is wrong with you? You don't know why he wants to make a profit? Seriously?
Stop telling other people what to do. If someone is stupid enough to buy shares at 10% over price from him that is their business.
Whats wrong with you? Of course everybody wants to make a profit don't you?
I think he is stupid for even trying, better yet anyone who does buy at 50M more than the face value is just as stupid as him.
I'm not telling anybody what to do, I could tell you to do the same... stop telling me and everybody else what to do numbnuts.
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Benvie
Benvie Enterprises
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Posted - 2008.01.15 16:49:00 -
[85]
If this was a perpetual bond it would be a good strategy, but it's not.
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Benvie
Benvie Enterprises
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Posted - 2008.01.15 17:03:00 -
[86]
Originally by: Midas Man
I will send the 100mil for my shares when i get home from work about 17.30 (GMT). If thats ok I know its a little over the 24 hours stated but work generally gets in the way of everything.
Let me know if thats ok.
Regards
That's fine, and that's within the 24 hours of me closing reservations. Still missing ISK from EBank, Shadarle, and Kyrial Tidolfas.
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Benvie
Benvie Enterprises
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Posted - 2008.01.15 21:47:00 -
[87]
It's been over 24 hours now. EBank and Kyrial Tidolfas, you have until I go to bed tonight, otherwise I'm moving onto the next person on the list.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.01.15 22:29:00 -
[88]
Originally by: Benvie
It's been over 24 hours now. EBank and Kyrial Tidolfas, you have until I go to bed tonight, otherwise I'm moving onto the next person on the list.
Organising it right this second. Sorry I forgot 
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Benvie
Benvie Enterprises
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Posted - 2008.01.16 02:20:00 -
[89]
All shares paid for and distributed. Thanks guys, see you in a month.
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