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Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
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Posted - 2012.02.16 16:39:00 -
[1] - Quote
Morning everyone,
As per the discussion thread* it's now time to finally go live. Chribba holds the collateral in the form of BPOs matching the full bondvalue in NPC-value and will confirm doing so below. And with this post VV can finally get to sum up the audit.
Most of what's mentioned in the discussion thread still stays true. The one big difference is that the interest rate has unsuprisingly been lowered to 2%. This partly to reflect the massive response recieved, but also to facilitate some unforseen changes made in Crucible 1.1 and 1.2, making one of our markets somewhat unstable. Given the low risk and duration of the bond the interest rate is still competetive.
Basic terms:
1b minimum in 1b increments to a total of 50b.
2% monthly interest, paid during the first week of each month.
Bond starts once filled, first interest payout is April
Bond ends with the sixth interestpayout, expected to be early September.
We reserve the right to cash out any investor at any time, refunding the full investment and accrued interest rounded up to nearest full month.
Reservations are handled on a first come first served basis. Either post in thread or mail me if you want to maintain anonymity.
I'm sure I've forgotten a bunch, but just chime and I'll keep on adding info about it.
https://forums.eveonline.com/default.aspx?g=posts&m=628971 |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
|
Posted - 2012.02.16 16:52:00 -
[2] - Quote
My god you people are fast. Thanks and noted.
Everyone but you from the former thread should now have been mailed a heads up aswell. |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
|
Posted - 2012.02.18 09:12:00 -
[3] - Quote
Bond is filled up with reservations, and I'll be contacting everyone the 5 people mentioned in OP right away through mail. Should any of the listed not be interested anymore I'll instead contact the next posted in the thread.
Thanks alot everyone. |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
|
Posted - 2012.02.18 23:02:00 -
[4] - Quote
Excellent, with that all the isk is recieved, see you all in a month! |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
20
|
Posted - 2012.04.03 14:56:00 -
[5] - Quote
First round of payouts just sent out, enjoy. |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
22
|
Posted - 2012.05.02 07:20:00 -
[6] - Quote
Second round of interest sent out... |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
31
|
Posted - 2012.07.23 18:44:00 -
[7] - Quote
A quick update, as the bond approaches its end I'll talk a bit about what's going to happen.
With the next interest payout we'll start paying back investors who so desire. Tne official bond expiration is in september, at which point all the isk will be paid back, so it's of course completly voluntary to do it a month in advance.
We're currently exploring ways of continuing the bond, we'll probably try to have something more dynamic if we do a second round. Reason being that there's been a lot of interest from people asking to joining in late and such which the current format obviously didn't allow us to accomodate. Not quite sure on how to handle it if we do decide to, but it may very well return to personal investments unsecured or secured individually. Any suggestions more than welcome.
Thanks
Tanith
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Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
32
|
Posted - 2012.09.12 01:34:00 -
[8] - Quote
Bond is officially over, all isk has been paid out. I'll leave a couple of days for payout confirmations/disputes before requesting release of collateral from Chribba.
As for the future, we are still interested in making a subsequent bond, and have recieved great interest from people to do so, however we're not quite final on the details. While the collateral as such is unproblematic to keep locked down, the format has it's drawbacks. I might give uncollaterized or partially collaterized a go(IE lock down all the bpos we can, keep a transperancy as to how many investors we have and how much has been invested, but not necessarily match the value of tbe bond in collateral. Instead just give the option of withdrawing from the bond at any time, with advance notice whenever anyone else is looking to invest. But really, it's all up in the air for now, so feedback both in game and here would be appreciated.
Thanks again for everyone interested and investing in the bond! |
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