| Pages: 1 2 :: [one page] |
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
   |
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 |
enterprisePSI
Unimatrix 0.1
73
|
Posted - 2012.02.16 16:46:00 -
[2] - Quote
Pending Chribba confirmation my offer still stands.
The tears of the many, outweight the tears of the few. Or the one.
-«enterprise-psi |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
|
Posted - 2012.02.16 16:52:00 -
[3] - 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. |
|
Chribba
Otherworld Enterprises
Otherworld Empire
2510
|
Posted - 2012.02.16 17:45:00 -
[4] - Quote
Confirming that my alt Lizzy Caplan is the CEO of the R&D corp and that I hold all the shares as well as the BPOs, valued to 50b (NPC price) are locked - and I will not issue any unlocks until the venture is over.
Should they take the ISK and run I will unlock the BPOs and sell them to return the original investments.
/c
|
|
Oerlikon Llama
JSR1 AND GOLDEN GUARDIAN PRODUCTIONS
SpaceMonkey's Alliance
2
|
Posted - 2012.02.16 19:30:00 -
[5] - Quote
Reserving 2B. |
Lost Hamster
Hamster Holding Corp
40
|
Posted - 2012.02.16 20:07:00 -
[6] - Quote
If RAW do not take the whole, then I'm in with 5b, as mentioned in the original thread. |
Ambo
I've Got Nothing
29
|
Posted - 2012.02.16 21:00:00 -
[7] - Quote
I'll take up to 20 bil if there is any left...
|
flakeys
Arkham Innovations
205
|
Posted - 2012.02.16 22:01:00 -
[8] - Quote
2 % ?
Seems i parted with loans just in time .... how long till 1% is the question  |
Death ToU
Black Rebel Rifter Club
0
|
Posted - 2012.02.16 22:09:00 -
[9] - Quote
If there is any left, which I am not sure there is..
I will take 10 Billion
Or please add me to the reserve list. |
Grendell
Technologies Unlimited
Superior Eve Engineering
67
|
Posted - 2012.02.17 14:24:00 -
[10] - Quote
flakeys wrote:2 % ? Seems i parted with loans just in time .... how long till 1% is the question
I'm working on it
|
Vaerah Vahrokha
Vahrokh Consulting
278
|
Posted - 2012.02.17 20:33:00 -
[11] - Quote
A fully featured audit for Tanith YarnDemon has been published on the Public Audit Records database.
A forum compliant version of the audit will be produced and posted as soon as possible.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Vaerah Vahrokha
Vahrokh Consulting
278
|
Posted - 2012.02.17 20:58:00 -
[12] - Quote
Audit report for Tanith YarnDemon business proposal
This is Vaerah VahrokhaGÇÖs analysis as of 2012-02-16 19:00 EvE Time.
NEISIN code: CSHNETXBO018.
Official discussion: link to investment prospectus.
Public Audits Record (PAR) for this investment: backlink.
Tools used
jEveAssets
EvE Mentat
Microsoft-« ExcelGäó
Blender 3D => LuxRender
Paint.NET => Bolt Bait Pack, DPY Plugins, MadJik Pack, Vandermotten Effects
Forewords about the Audit
Tanith YarnDemon is an high sec trader and capital ships manufacturer. He also builds other assets that look profitable.
In order to expand on his current activity he is starting a collateralized, public bond.
This audit will not cover the general trading activities in depth, itGÇÖs mostly focused at skills and production jobs checks and NAV statements.
Generalities
Main character for this proposal is Tanith YarnDemon, along with four other accounts and another associated player, a real life friend of him. Among the various characters, there are skills for manufacturing a diverse basket if items including capital ships, high end faction ships of all sorts, mineral compression items, several level IV skills for trading, contracting, mining, refining, hauling with industrials and freighters, L4 missioning, incursions and PvPing (but he stopped such activity in 2009-2010).
Tanith YarnDemon, is a March 2008 character with 68.7M SP.
Investigation through about a total of 800 posts seem consistent with the character not being purchased. Post history is ok, except for some old auctions the Investee self bumped by using some of his alts. Killboard is ok, save an empty CNR loss, bought in low sec at rebate price but resulted into a log in trap.
Statement of ability to deliver: the contracts API has been manually queried to find out whether the claimed products were produced and in a sufficient volume. There have been found more than 60 capital ships contracted in the last month, for about 62.404B.
Capital ships sales contracts snapshot
Statement of past activity: the jobs API records report production for many kinds of items including the stated capital ships.
Involvement in other business
None at the moment.
Business Plan Analysis
The Investee posted a draft / discussion of the bond here.
He also disclosed his manufacturing and trading strategy to the Auditor.
The business plan is about raising funds to be able and provide enough input materials to a production chain and sell the finished products.
The Investee is already in the proposed production and market niche, his logistics have shown no relevant losses.
The Investee even in a worst case scenario is also active into general trading and has a number of unused fitted exhumers laying around.
Due to the relative slowness in capital ships production and the possible mineral prices drop in the coming months, itGÇÖs possible the plan will lose some of its profitability over time. This could force the Investee into selling products aligned with current mineral prices, while he had to purchase those minerals when their price was higher.
Feasibility statement: the business plan looks viable, especially after the lowering of the offered interest rate.
Collateral and exit strategy
The Investee tasked Chribba to hold / lock BPOs as collateral covering the full bond principal.
No exit strategy has been discussed but his associate could be able to honor the bond in case the Investee meets unforeseen issues at continuing the production.
Net Asset Value and other balance considerations
The estimated net worth of all liabilities, solid & liquid assets is about 279.441B ISK. These include the 50B worth of BPOs now held by Chribba.
Market transactions are made by the Investee character.
Assets across all of the characters and corporations are estimated to be worth 188.792B.
Important notice: the reported values are lower than the real amounts, because certain assets in certain conditions are not reported by the API.
There are an additional more than 60B worth in minerals currently being used. The NAV for the ChribbaGÇÖs managed production corporation is worth about 110-120B (minerals plus components plus BPOs).
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Vaerah Vahrokha
Vahrokh Consulting
278
|
Posted - 2012.02.17 20:59:00 -
[13] - Quote
Assets and balance
Balance
Wallet balance: 77.700B
Market sell-orders: 11.928B
Market escrow: 1.021B
Contracts: 0.000B
Investments / receivable: 0.000B
Liabilities / payable: (0.000) B
Total: 90.649B
Assets
POS: 3.492B
Fleet / ships (unfitted): 12.916B
Modules: 82.210B
Misc. solid assets; minerals, salvage, ice and trade goods etc.: 5.597B
Blueprint copies and originals: 61.646B
Other
Accessories (includes PLEXes): 5.203B
Charges: 3.546B
Commodities: 4.795B
Drones: 1.961B
Ordered assets under construction: 0.000B
Planetary items or resources: 1.113B
Ship components: 0.005B
General or classified items: 6.308B
Total: 188.792B
Estimated grand total: 279.441 Billion ISK
The above evaluations were made by using The Forge prices as reference.
Current assets
The Investee heavily deals in contracts. Since the general EvE Investor might be not accustomed at complex balance sheets, the Auditor chose to keep the current assets off the NAV. There is a total of 7,169,342,000 ISK in current assets. When sold, those would add to the current wallet balance.
Snapshot of outstanding contracts
Another reason to keep them separate is the current lack of reliable contracts API software, the whole process has been completely performed by hand and Excel, since tools like API Jacknife failed to return a correct and full dataset.
Markets analysis
This is not a full market analysis but just a proof that the Investee also deals in other markets. The balance looks negative but this because it includes all the purchases but none of the finished products contracts sales.
Last month sales graph
Last month income: 21.15B.
Last month expenses: 24.4B
Total month balance: -3.25B
Positives
The Investee has the character skills to confirm his claims.
The Investee net worth is vastly more than the requested capital, the Investee is comfortable dealing with the involved amounts.
The Investee has proved the blueprints being original.
The Investee accepted an audit, had a prior discussion and took time to share his final prospectus and have some points checked.
The Investee accepted a long conversation to bring many factors in light.
Some PvP past is always a boon when dealing with prolonged operations that could be wardecced or whatever.
Low interest rate makes for an easier investment profitability.
Investment is fully collateralized.
Negatives
Supply chain might be disrupted and tangible losses could happen due to the location of the production.
Part of the Investee production happens in low security, this is always a risk factor, whatever the safety measures and experience involved.
Mineral prices might drop and eat into the investment profitability. The Investee could be forced selling ships whose minerals were more expensive than at the time of sale.
Conclusions
Due to the full collateral, possible RL associate being able to help, multiple availability of records, and Investee past ability both to deliver and form a functional supply chain, the Auditor classifies this investment as moderate risk.
Please notice how GÇ£moderate riskGÇ¥ does not mean GÇ£safeGÇ¥. There might be loss of profitability over time, supply chain disruption, real life issues involving the Investee or Chribba.
The Investee seems competent (skills wise and player wise) enough to deliver on his statements and has records. His business is in a growth phase, his API records show he may operated as he stated.
Basically, the Investee looks like with the ability to successfully honor the bond. Notice how an audit can only evaluate the ability or potential of an Investee to succesfully honor a bond / IPO.
The Auditor suggests perspective Investors NOT to invest their full capital on this venture but to offer what they could eventually afford to lose.
Disclaimers
Due to stringent EvE API limitations, although the information provided to you on this document is obtained or compiled from sources believed to be reliable, Vahrokh Consulting cannot and does not guarantee the accuracy, validity, timeliness, or completeness of any information or data made available to you for any particular purpose.
This Auditor is actively and passionately against any breach of privacy, in particular regarding in game mail API access. Therefore no information will ever be gathered and no audit will ever be released that will contain any element found by eavesdropping someone elseGÇÖs private communications.
Neither the information nor any opinion contained in this document constitutes a solicitation or offer by Vahrokh Consulting or its affiliates to buy or sell any securities, assets or services.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Serene Python
Python Technologies
21
|
Posted - 2012.02.18 06:37:00 -
[14] - Quote
flakeys wrote:2 % ? Seems i parted with loans just in time .... how long till 1% is the question
Because I think you are cute, I'll give you a 1% take in my next loan ;) |
flakeys
Arkham Innovations
205
|
Posted - 2012.02.18 07:25:00 -
[15] - Quote
Grendell wrote:flakeys wrote:2 % ? Seems i parted with loans just in time .... how long till 1% is the question I'm working on it
Worst part is you could prob get away with 0.5% |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
|
Posted - 2012.02.18 09:12:00 -
[16] - 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. |
Ambo
I've Got Nothing
29
|
Posted - 2012.02.18 19:13:00 -
[17] - Quote
Isk sent. |
flakeys
Arkham Innovations
205
|
Posted - 2012.02.18 19:53:00 -
[18] - Quote
Serene Python wrote:flakeys wrote:2 % ? Seems i parted with loans just in time .... how long till 1% is the question Because I think you are cute, I'll give you a 1% take in my next loan ;)
What in that line didn't make clear i don't invest any more?  |
Lost Hamster
Hamster Holding Corp
40
|
Posted - 2012.02.18 21:51:00 -
[19] - Quote
ISK transfered. |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
16
|
Posted - 2012.02.18 23:02:00 -
[20] - Quote
Excellent, with that all the isk is recieved, see you all in a month! |
Kara Roideater
Perkone
Caldari State
19
|
Posted - 2012.02.19 09:42:00 -
[21] - Quote
 I go away for two days and my reservation evaporates. I is sad. |
Vaerah Vahrokha
Vahrokh Consulting
289
|
Posted - 2012.02.19 16:43:00 -
[22] - Quote
Kara Roideater wrote: I go away for two days and my reservation evaporates. I is sad.
It's a 6 months long venture, I am fairly sure someone will leave before that.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
20
|
Posted - 2012.04.03 14:56:00 -
[23] - Quote
First round of payouts just sent out, enjoy. |
Fracy
Blue Republic
RvB - BLUE Republic
3
|
Posted - 2012.04.04 11:18:00 -
[24] - Quote
I never get why people do investments, i mean say I invest 50b and in 6 months with 2% i get 1b profit. who here can not make more than 1b profit in less than a week or even a month. its just odd how people see this as anyway of making isk. be locking up a lot of isk for bare minium isk return
fyi i am not laying down any criticism on anyone's bond, just the whole idea of bonds with little % return but i guess there are plenty of people still willing to invest, just odd to me. |
Magnu Stormhawk
The Gentlemen's Club of EVE
12
|
Posted - 2012.04.04 11:46:00 -
[25] - Quote
Fracy wrote:I never get why people do investments, i mean say I invest 50b and in 6 months with 2% i get 1b profit. who here can not make more than 1b profit in less than a week or even a month. its just odd how people see this as anyway of making isk. be locking up a lot of isk for bare minium isk return
fyi i am not laying down any criticism on anyone's bond, just the whole idea of bonds with little % return but i guess there are plenty of people still willing to invest, just odd to me.
Not really the place to discuss this, but since you ask:
Firstly, interest rates that you see here are almost always monthly. So the return you are looking at here is 1b per month.
Secondly, there are two things required to turn 1b profit - Time and Inclination. When you have ISK but are missing one of both of these things, investing capital for a passive income is attractive. |
enterprisePSI
86
|
Posted - 2012.04.04 15:57:00 -
[26] - Quote
confirming interest received.
Also, what Magnu Stormhawk said. When lots of isk, but no time, always invest 
The tears of the many, outweight the tears of the few. Or the one.
-«enterprise-psi |
Lost Hamster
Hamster Holding Corp
48
|
Posted - 2012.04.05 22:58:00 -
[27] - Quote
Confirming received of interest. (on the 3rd Apr.)
|
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
22
|
Posted - 2012.05.02 07:20:00 -
[28] - Quote
Second round of interest sent out... |
enterprisePSI
98
|
Posted - 2012.05.02 07:37:00 -
[29] - Quote
Confirmed .
The tears of the many, outweight the tears of the few. Or the one.
-«enterprise-psi |
Liberty Eternal
Red Federation
RvB - RED Federation
71
|
Posted - 2012.05.02 07:44:00 -
[30] - Quote
Kara Roideater wrote: I go away for two days and my reservation evaporates. I is sad.
Went away forever now. We is all sad |
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
31
|
Posted - 2012.07.23 18:44:00 -
[31] - 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
|
Tanith YarnDemon
Hypernet Inc.
Umbrella Chemical Inc
32
|
Posted - 2012.09.12 01:34:00 -
[32] - 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! |
Oerlikon Llama
JSR1 AND GOLDEN GUARDIAN PRODUCTIONS
SpaceMonkey's Alliance
2
|
Posted - 2012.09.12 05:43:00 -
[33] - Quote
Thank you Tanith. Good to do business with you and help fund your venture. I'll be interested in the next opportunity with you.
I can confirm all interest and principal has been recieved.
Cheers,
Oerlikon |
Lost Hamster
Hamster Holding Corp
61
|
Posted - 2012.09.12 18:33:00 -
[34] - Quote
Thanks Tanith. Initial ISK and interest have been received. |
enterprisePSI
118
|
Posted - 2012.09.12 19:16:00 -
[35] - Quote
Initial ISK and interest have been received. Outstanding business Tanith. Fly safe!
The tears of the many, outweight the tears of the few. Or the one.
-«enterprise-psi |
| |
|
| Pages: 1 2 :: [one page] |