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Ricdic's Hoe
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Posted - 2008.01.29 18:19:00 -
[91]
 Originally by: Shar Tegral
Originally by: Ricdic's Hoe
IE As I know I will soon have a 125b loan with EBANK I have my old/new plan in action in generating isk.
I'll be blunt - You don't have a guaranteed loan. There's been no discussion about this at Ebank, in any regard, and until such a time as there is discussion regarding this it ain't happening. Legitimately that is.
You could start by opening up our forums and taking note in the "BOARD DISCUSSION" section regarding the new thread.
Or you could look cool posting authoritavely here.
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Ulstan
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Posted - 2008.01.29 18:23:00 -
[92]
Not like Ricdic would have trouble raising an additional 125b through other sources, if this thread is any indication.
Quote:
It's a joke to have made this IPO public in the first place.
It's all about a proven track record and credibility.
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Shar Tegral
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Posted - 2008.01.29 18:23:00 -
[93]
Originally by: Ricdic's Hoe
You could start by opening up our forums and taking note in the "BOARD DISCUSSION" section regarding the new thread.
I even double checked. There has been no discussion with the board about you doing this loan. There has been no approval of you getting this loan. There has been no oversight on this. Originally by: Ricdic's Hoe
Or you could look cool posting authoritavely here.
Do you really wanna take this tone with me? I'm not inclined to play snipe games. |
Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.01.29 18:28:00 -
[94]
Let's all take a second to catch our breath. Now take another one. Now clear our minds. Now wait 5 minutes. Now feel free to post
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Why do it the hard way when you can do it the AMARR way. |
Hexxx
Minmatar
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Posted - 2008.01.29 18:33:00 -
[95]
Originally by: Shar Tegral
Originally by: Ricdic's Hoe
You could start by opening up our forums and taking note in the "BOARD DISCUSSION" section regarding the new thread.
I even double checked. There has been no discussion with the board about you doing this loan. There has been no approval of you getting this loan. There has been no oversight on this. Originally by: Ricdic's Hoe
Or you could look cool posting authoritavely here.
Do you really wanna take this tone with me? I'm not inclined to play snipe games.
Yes, a thread has been started, but discussions have only just begun since the thread was started very close to when the IPO/Loan was posted publically.
In fairness, discussions have started....are they complete? No, they are not.
Personally, I'm not paticularly alarmed with the project and plans but they do need to be discussed and I've been doing so with Ricdic this morning over MSN. However, the full Board has yet to really discuss the matter.
Just wanted to clear that up.
Consulting, IPO Template, and Stock/Bond definitions.
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Ricdic's Hoe
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Posted - 2008.01.29 18:34:00 -
[96]
Originally by: Shar Tegral
There has been no discussion with the board about you doing this loan. There has been no approval of you getting this loan. There has been no oversight on this.
Seeing as you want to publicise this, let's look at things this way.
EBANK follows different loan guidelines and procedures. They are fairly limited but the look at things like collateral, proven track record, prior loan history, ipo history, reputation, API data proving successful performance, and the likes. I meet or exceed every single guideline set forth by or loan processes. So yes, I will get a little annoyed when a board member questions a loan officer following the processes to a tee.
Should also be noted Shar, that board approval isn't required in the first place. I put the thread there (and yes, it has been there for 10 hours or so now) simply because it was the right thing to do.
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Ricdic's Hoe
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Posted - 2008.01.29 18:46:00 -
[97]
If EBANK doesn't fund the loan in 3-6 months I will have someone else do so.
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Leowen
Industrial Giants
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Posted - 2008.01.29 18:54:00 -
[98]
Hey Ric you know where I am...
(Though I'm smarting a bit that you didn't give me heads-up on this grrr!) 
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.29 19:21:00 -
[99]
Originally by: Ricdic's Hoe
Originally by: Myrdyr
You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought.
How come? I wrote this business proposal up in a 20 minute window on my lunch break at work. I didn't even do a spell checker. It was supposed to be a discussion with option to reserve but it all sold out before being discussed [:)
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who/what/where/when/how their isk was going to be used.
If the fact that you intended a consolidation of all the other public corps you run had been included in the OP of this thread, it would have been better. Instead that information came out after this thread had been all reserved.
Originally by: Ricdic's Hoe
Originally by: Myrdyr
That's about what this IPO, as it stands, is worth. Nothing but your name.
Is that a compliment?
Not sure if its a compliment, but based on the orginal post that people reserved things on, its a very fair statement. I guess we are selling and buying reps now. Then again this isnt the first time this has happened, and most likely wont be the last. Then again look at how some of those bonds/ipo's based soley on name have been going recently, Ionia anyone?
---
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
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Shar Tegral
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Posted - 2008.01.29 19:27:00 -
[100]
Originally by: Treelox
Not sure if its a compliment, but based on the orginal post that people reserved things on, its a very fair statement. I guess we are selling and buying reps now. Then again this isnt the first time this has happened, and most likely wont be the last. Then again look at how some of those bonds/ipo's based soley on name have been going recently, Ionia anyone?
My two previous bonds were based solely upon my name as well. It is not a failing that "name" alone can carry a project. Ric's is definitely worth the 100B+ that people speculate. Contrary to what perception previous statements may give I see no problem with issuing a loan to Ric. None at all mind you. My only gainsay here was that Ric picked a BOD that he advertise would not be a rubberstamp. In his enthusiasm, and speculation, he spoke for us before we had a chance to approve anything. When it comes down to process and governance, I'm quite anal. That's all from me. |
Ambo
2nd Outcasters
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Posted - 2008.01.29 19:36:00 -
[101]
Originally by: Treelox
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who[/i]/what/where/when/how their isk was going to be used.
.
.
.
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
I have to disagree. The 'who' is exactly what we all bought in to. If it was almost anyone else then far more questions would have been asked and the original post would have been derided as, at best, lacking in details, and at worst, a weak scam attempt.
It's exactly because it is[/i] Ricdic that people are willing to trust him with thier money. No one is being foolish here, they are simply reflecting the value of Ricdic's reputation within this community.
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.29 19:45:00 -
[102]
Originally by: Shar Tegral
My two previous bonds were based solely upon my name as well. It is not a failing that "name" alone can carry a project. Ric's is definitely worth the 100B+ that people speculate. Contrary to what perception previous statements may give I see no problem with issuing a loan to Ric. None at all mind you.
Yes...but you were very up front in your OP's in those bonds that it was soley based on your name and nothing else. Hence I have no problem with that approach in your two cases.
Here the OP has not done such, so i question the feeding frenzy a bit.
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Benvie
Benvie Enterprises
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Posted - 2008.01.29 19:47:00 -
[103]
I think part of the problem is that trust is in such short supply here that it trumps sound business plans and financial planning. To even get that basic guarantee of trust is enough, good business plans are for people who aren't known to be trustworthy.
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.29 19:48:00 -
[104]
Edited by: Treelox on 29/01/2008 19:50:33
Originally by: Ambo
Originally by: Treelox
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who[/i]/what/where/when/how their isk was going to be used.
.
.
.
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
I have to disagree. The 'who' is exactly what we all bought in to. If it was almost anyone else then far more questions would have been asked and the original post would have been derided as, at best, lacking in details, and at worst, a weak scam attempt.
It's exactly because it is[/i] Ricdic that people are willing to trust him with thier money. No one is being foolish here, they are simply reflecting the value of Ricdic's reputation within this community.
Exactly why i made my first post in this thread, no matter who it is, some questions need to be asked. No one should be above some some vetting, unless you have some "insider information" as to what is actually going to happen.
Ricdic has gone of half*****ed, IMO and yet no one is calling him on it, this is what saddens me.
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints. Yet here he is wanting to start something new just a few days after having "quit" that project. Doesnt that concern you in the least?
---edit
added last paragraph. and will most likely end up on the ricdic's least loved people list because of it :(
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Kushan
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Posted - 2008.01.29 19:58:00 -
[105]
Holy crap... knew I shouldn't have gone to sleep last night.:o Damn this was filled fast. Contrary to what some people have said, I think not disclosing the details could be good for the IPO & investors. Advertising what you're doing in a place like this is practically begging for competition... the bigger the head start you can get, the better.
@ Ricdic, we really aught to enforce a "don't feed the trolls" policy. It's pretty obvious that guy is here for the sole purpose of smearing crap. You can reply to him, but what's the point? He'll just be back with a different name later...
Originally by: Atherin Gaius
When do the rest of us get to play? Again the rich get richer and the rest of get to sit on the sidelines and read about all the cool stuff we could invest in an make money in if we sat on the forums for 23 hours a day everyday.
Posts like this never fail to disgust me. It's called capitalism. The people with a lot of isk WORKED for it. If someone is dedicated enough to camp these forums 23/7 just to get in an IPO, they've EARNED their place. I'm curious what you think they should do; stop working to get their isk so others can get it? It's a bit like BoB asking the Coalition nicely to please stop shooting them, because life is just so unfair. PVP - both with spaceships and in the market - isn't fair.
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Kushion
Anti Sweden Defense Force
Galactic Research
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Posted - 2008.01.29 20:00:00 -
[106]
Oops, that's me --^
--
Taggart Transdimensional corporation - | Capitalism | Objectivism | 0.0 | No taxes | No mandatory ops | Join channel TAGGART for more info | |
K'dararle
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Posted - 2008.01.29 20:06:00 -
[107]
Everything about this screams long firm at me. If you dont know what a long firm is google it
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Ambo
2nd Outcasters
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Posted - 2008.01.29 20:07:00 -
[108]
Originally by: Treelox
Edited by: Treelox on 29/01/2008 19:50:33
Originally by: Ambo
Originally by: Treelox
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who[/i]/what/where/when/how their isk was going to be used.
.
.
.
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
I have to disagree. The 'who' is exactly what we all bought in to. If it was almost anyone else then far more questions would have been asked and the original post would have been derided as, at best, lacking in details, and at worst, a weak scam attempt.
It's exactly because it is[/i] Ricdic that people are willing to trust him with thier money. No one is being foolish here, they are simply reflecting the value of Ricdic's reputation within this community.
Exactly why i made my first post in this thread, no matter who it is, some questions need to be asked. No one should be above some some vetting, unless you have some "insider information" as to what is actually going to happen.
Ricdic has gone of half*****ed, IMO and yet no one is calling him on it, this is what saddens me.
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints. Yet here he is wanting to start something new just a few days after having "quit" that project. Doesnt that concern you in the least?
---edit
added last paragraph. and will most likely end up on the ricdic's least loved people list because of it :(
Fair point... However, he had no commitments of any kind with that project. They are hardly comparable. In his previous IPOs, which are comparable, he has dealt very fairly with all the investors and provided a good service.
Because of this + his previous forum posts + my opinion of him as a person, I'm willing to invest with no business plan at all. Because I trust him to deliver what he say he will or at least to give me back my money if it all goes horribly wrong.
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Matalino
Gallente
Ki Tech Industries
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Posted - 2008.01.29 20:13:00 -
[109]
Originally by: Treelox
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints. Yet here he is wanting to start something new just a few days after having "quit" that project. Doesnt that concern you in the least?
I would not worry about that in this case. Having a bit of insider information, I can safely say that there is no risk regarding the time commitment.
As for vetting the viablity of his plan, I don't know the market well enough, so I will not comment there.
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Myrdyr
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Posted - 2008.01.29 20:28:00 -
[110]
Originally by: Matalino
I would not worry about that in this case. Having a bit of insider information, I can safely say that there is no risk regarding the time commitment.
As for vetting the viablity of his plan, I don't know the market well enough, so I will not comment there.
You should recuse yourself completely from the discussion of an IPO from which you stand to gain significant monetary benefit.
Long firm is a great term; I haven't seen that before. Anyway I'm glad I'm not alone in the "WTF?" this post generated. Some of the replies are ridiculous though, to wit:
Originally by: Benvie
I think part of the problem is that trust is in such short supply here that it trumps sound business plans and financial planning. To even get that basic guarantee of trust is enough, good business plans are for people who aren't known to be trustworthy.
Even trustworthy people can lose money.
@Ricdic: Thanks for the benefit of the doubt but this (Myrdyr) is obviously an alt for forum posting. You wouldn't be getting my money in any case, because I'm not as ... challenged ... for isk making opportunities I can conduct myself as others may be.
Please post constructively. ~Saint |
Dreysine
Paratheoanametamystichood
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Posted - 2008.01.29 20:43:00 -
[111]
irrational exuberance so thick you could cut it with a knife.
dont forget that the next big scam is probably gonna come from a trusted member of the community. this IPO is large enough that just about any reputation would be worth trashing to scam that much isk. you can say that ricdic's rep is worth alot more, but there is also an unspoken rule of diminishing returns on isk. is a trillion isk really worth more to a single player than 200 billion? if it was me, i wouldnt see much difference and i probably would just cut and run with the 200 bil.
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Benvie
Benvie Enterprises
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Posted - 2008.01.29 20:45:00 -
[112]
I wasn't condoning what I said, I was speaking from the point of view of a lot of people who invest here. I completely agree, business plan is important in an IPO. Just because Ricdic thinks he has a great idea doesn't mean he does, regardless of how trustworthy he is to not outright steal the ISK.
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Ulstan
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Posted - 2008.01.29 21:25:00 -
[113]
Edited by: Ulstan on 29/01/2008 21:26:53
Quote:
Even trustworthy people can lose money.
I think at this point there is so much isk sitting around, it's not primarily the profitability of ventures that investors are interested in. Look at how quickly even 5% bonds fill up. Look at how anything that sounds even plausible by a trusted source fills up the reservations. Look at how people are buying T2 BPO's for sums that will take them years to regain.
Right now the sticking point for investors seems to be "Are you going to scam me?" If the answer is no, they're happy to shovel over plenty of isk on even rather vague business plans. Maybe it will bomb horribly and they won't earn a single penny. They're no worse off than if they had just left the money in their wallet doing nothing with it. I think they are all aware of the risk of losing money on an investment, but judge that risk to be worth not having vast piles of money sitting around doing nothing. Brand new people, even with very well written business plans, are assailed primarily with 'How do we know we can trust you' questions.
Clearly the demand for investment opportunities is far exceeding the supply of trusted investors. Therefore a trusted investor isn't going to have trouble getting funds, even for a less than meticulous business plan.
I'm not saying that's a bad thing - these investors came to be 'trusted' for a reason.
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Kushion
Anti Sweden Defense Force
Galactic Research
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Posted - 2008.01.29 21:35:00 -
[114]
The investment is 95% secured anyway, correct? So what's the risk? Worst-case scenario is the dividends aren't very good.
--
Taggart Transdimensional corporation - | Capitalism | Objectivism | 0.0 | No taxes | No mandatory ops | Join channel TAGGART for more info | |
Dreysine
Paratheoanametamystichood
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Posted - 2008.01.29 21:51:00 -
[115]
Originally by: Kushion
The investment is 95% secured anyway, correct? So what's the risk? Worst-case scenario is the dividends aren't very good.
i dont think he meant that it was 3rd party secured, just secured via assets that are also controlled by ricdic, via one of the corporations he is re-financing with this IPO. please correct me if i have mis-read.
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Myrdyr
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Posted - 2008.01.29 21:55:00 -
[116]
Originally by: Dreysine
Originally by: Kushion
The investment is 95% secured anyway, correct? So what's the risk? Worst-case scenario is the dividends aren't very good.
i dont think he meant that it was 3rd party secured, just secured via assets that are also controlled by ricdic, via one of the corporations he is re-financing with this IPO. please correct me if i have mis-read.
I think he meant to imply that it was 3rd party secured, as he followed up with a post about "electing" a board after he buys out C-R-A from himself with investor money...
Please post constructively. ~Saint |
K'dararle
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Posted - 2008.01.29 22:23:00 -
[117]
News Corportion is a publicly listed company but everybody knows that Rupert Murdoch runs it as his personal fiefdom
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Lukadski
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Posted - 2008.01.29 22:34:00 -
[118]
Originally by: Ricdic's Hoe
...it does relate to research...
Does this mean for instance that you will be researching Small Projectile Ammo BPO Sets to extremely high ME levels? (I heard they sell better if ME is high!!!)
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Treyish
Muff Divers
Gemini Federation
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Posted - 2008.01.29 22:39:00 -
[119]
I would like to reserve 1 billion isk worth of shares.
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Finedele
Marquie-X Corp
Majesta Empire
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Posted - 2008.01.29 22:55:00 -
[120]
if still possible, i'd like to reserve 200 mio worth in shares. please confirm
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