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Mill1ken
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Posted - 2008.03.21 22:17:00 -
[61]
 Originally by: Motivated Prophet
I have absolutely no idea what's going on in this thread, but I love the mental image I get of a tactical bond offering.
MP
MP its a Bond offerings thats forsale at current.
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Mill1ken
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Posted - 2008.03.21 22:18:00 -
[62]
Originally by: Slade Trillgon
I would like to buy a few shares in the tune of 20.
20 million isk will be sent when I get back from work roughly 7 hours.
Slade
20 Shares will be held for 24 hours for you. Conv ingame once your here.
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Mill1ken
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Posted - 2008.03.22 03:11:00 -
[63]
Out for the Evening, See ya tommorow.
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Mill1ken
Ramvent Radiation Tactical
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Posted - 2008.03.22 15:16:00 -
[64]
still open!
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Slade Trillgon
Siorai Iontach
Brotherhood of the Spider
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Posted - 2008.03.22 17:07:00 -
[65]
Got cought up at a sweet concert last night. Heading home and will convo when I get there.
Slade
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Mill1ken
Ramvent Radiation Tactical
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Posted - 2008.03.23 01:27:00 -
[66]
Shares Sent, Thank you, Welcome to the Family.
Still have Shares forsale! Conv me if you need more information.
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Mill1ken
Ramvent Radiation Tactical
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Posted - 2008.03.23 05:29:00 -
[67]
Share Holders Please Review the purposed vote.
Thanks Mill1ken
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Zorrill
Great Gig in the Sky
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Posted - 2008.03.23 22:13:00 -
[68]
I assume the cost of paying an auditor will be included in the costs associated with your bond. I honestly do not see how you are going to make anything when you
A.) are going to pay an auditor a monthly fee.
B.) from our discussion last night you have basically put no value on the jump fuel or the ice products for your towers because you plan on mining them yourself I.e i minedit so that makes it free concept
C.) you also told me last night that your corp will be supplying jump fuel as they will be the ones doing the jumps, are they simply going to eat the costs of jump fuel every month?
Honestly, at this point I don't think this is a scam and yes his offering is well detailed. But, I have serous doubts about someone who does not put a value on their time. In our chat last night you mentioned 300m profit after it was all said and done. I really don't see how this is correct considering the costs that are not being calculated into that total. And honestly, considering the work involved even if you will be making 300m is it really worth the effort for such a small sum of isk in a 31 day period?
I feel that these points need to be answered. The offer for a monthly audit I feel was an after thought in order to increase trust in this bond. I don't actually feel that this would be a necessary addition, the issue appears to be not trust but profitability.
From what I gather, the jump fuel and ice products will constitute part of the 300M "wages" that Mill1ken will draw from this bond. Thus making it not free at all but part of a paid for salary. And 300M a month, whilst it may not be much to members of the MD forum, remains a decent income for most.
If the corp is providing jump fuel, they will also be profiting from the transaction. I know someone raised the point of why use a capital ship, the spare capacity may well be used for corp purposes and therefore they are not providing the fuel from the good of their hearts, the OP is providing the Cap ship and they are merely fueling it, seems like a good exchange. I maintain that this is a worthwhile investment which I would not wish to see fail hrough a lack of explanation.
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Mill1ken
Ramvent Radiation Tactical
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Posted - 2008.03.24 02:48:00 -
[69]
This Bond Issue for RRT is now closed. Due to lack of interest into the bond I am forced to close it. Those who have invested will see the ISK has been returned to you promptly a few mins ago. For those who believed this would work thank you. I put togather the bond to do a start up. At this time project will worked on my own. Theres a lot of work that went into the research and placement of this bond. Markets right now seem to be up in the air because those who can't manage there business. This is the key factor in my though that has not given the push for this bond. The fact I am unknown should pay no respect to my ablity to run a profitable business. I will begin my work on this project with out support of any outside people. I will be avaible for the rest of the evening to talk to anywho wish to know more.
Respectfully,
Mill1ken
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EBANK Ricdic
Eve-Tech Savings n Loans
Zzz
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Posted - 2008.03.24 03:46:00 -
[70]
Ohpo, try and see what areas of your business people were questioning and try and improve those aspects.
I know you are currently reducing your EBANK debt. If you re-request a bond without the EBANK loan covered it may be taken on a bit better by investors. I think people have held off on your business for a few reasons:
* It's a lowsec operation. People are still a bit worried about these since Kirjava's attempt (Read: Lothian Quay)
* The market has been a little shaken up by the Ionia disapearance. Ionia was considered one of the more trustworthy people around here, and if he doesn't return the people are out of pocket approximately 450 billion isk.
* The FIN/FIN-U dramas. Showing people how IPO/Bond runners can run into complications and even fixed return options can be subject to change defeating the purpose of a true fixed-return bond.
* People don't know you. When starting any sort of public operation the public will chew it up if they have no prior knowledge of you. I believe a lot of people stay away from these. They want to invest in people who have shown their form by participating in discussion, investing in others etc. They want to know you are one of them, not just someone looking for quick money.
* You came into the business with no experience. Obviously everyone has to start somewhere but a 26b operation in an area you have never before worked is very dangerous. Even C-R-A started at 5b and took about 6 months to get to the 17b or so it's at now.
I don't believe your operation was a scam. At one point EBANK did have 1.4 or so billion isk unsecured with you without a single problem. I believe it was a legitimate operation however I too was concerned by such a large amount of isk to tie up in 1-2 towers.
I wish you the best of luck with this and hope you either come back and try again, or downsize a bit and try and find some starting ground to get your feet wet. You have seen in the other threads that public enterprises are by no means easy. You need to make sure this is what you want to do, and especially that you have considerable personal income to allow you to buy back the operation some time in the future so you aren't stuck running it forever (or until you burn out or leave eve)
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MilowFV
Echo Heavy Industries
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Posted - 2008.03.24 04:50:00 -
[71]
500 Million isk returned and Share forward back to you. Thanks Mill1ken.
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Mill1ken
Ramvent Radiation Tactical
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Posted - 2008.03.24 06:48:00 -
[72]
Ric, I spent the Night going though things w/ Bunnz. He/She was quite insitefull. I have modified the Bond and gave it a 10B price tag, which I like a lot better. The issues w/ my Ebank assets ect is currently being address and will be resolved on my own w/ out public funds. Although the margins for public trust are low, I feel the new offer will be better off.
Thanks Mill1ken
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