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Blooden Guts
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Posted - 2008.04.06 18:48:00 -
[1]
Megacyte Mining and Manufacturing LLC is seeking to expand its operations. We currently maintain 1.2b in assets. This bond will cover the purchase of a freighter to stabilize our mineral supply as well as take advantage of inter and intra regional price differentials on said minerals. I feel this is a solid businees plan because it will at the minimum support existing operations and is thus guaranteed a minimum revenue. Profits will be calculated as the difference between the local market average and the actual price paid for the minerals. In the event we need to liquidate the bond, any potential loss on the bond value will be borne by my personal assets which include ~500m in BPO's, ~700m in operating capital and various additional assets. All runs will be in high security only so there is no risk of yaard apes, nor an insurance load on profits.
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EBANK Ricdic
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Posted - 2008.04.06 18:51:00 -
[2]
Reserved for 100 reasons why I have problems with this offering
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Blooden Guts
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Posted - 2008.04.06 18:51:00 -
[3]
Edited by: Blooden Guts on 06/04/2008 18:51:43
What concerns do you have?
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EBANK Ricdic
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Posted - 2008.04.06 19:16:00 -
[4]
 Originally by: Blooden Guts
I have not given a specific return as it will vary depending on market conditions.
How many bonds do you know of with variable returns?
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Blooden Guts
Megacyte Mining and Manufacturing LLC
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Posted - 2008.04.06 19:34:00 -
[5]
I can guarantee a 2% per week return just from supplying our production, but honestly I expect it to usually be higher.
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Salisuka
98.4
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Posted - 2008.04.07 12:40:00 -
[6]
Originally by: Blooden Guts
Edited by: Blooden Guts on 06/04/2008 19:11:58
Edited by: Blooden Guts on 06/04/2008 18:51:43
... have offered to absorb any losses with my personal assets which total 120% of the bond value. I have not given a specific return as it will vary depending on market conditions.
Will you be willing to place your assets with a third party to 'secure' this loan?
How do I trust you to calculate the returns correctly? What is stopping you from saying, 'No dividends this month because my profits were crap' when infact you would have made a billion that month?
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Kazuo Ishiguro
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Posted - 2008.04.07 12:58:00 -
[7]
I'd be happy to provide a monthly audit if the OP could provide a full API key from a character with full access to the accounts used for trading. I recently did this for Roguehalo, so I know (roughly) what I'm doing.
My research services
Spreadsheets: Top speed calculation - Halo Implant stats |
Sikozu Prioris
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Posted - 2008.04.07 13:01:00 -
[8]
Originally by: Blooden Guts
......All runs will be in high security only so there is no risk of yaard apes, nor an insurance load on profits.
High security means nothing these days. If you are flying a freighter with more than 400mill worth of cargo you could be a target for suicide ganking more than likely.
Lol |
Blooden Guts
Megacyte Mining and Manufacturing LLC
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Posted - 2008.04.07 14:03:00 -
[9]
My assets are part of the ongoing operation, so unfortunately I cannot place them with a 3rd party. I am willing to provide a full access API key to each of my 4 accounts (8 characters, 5 in corp) to the audior.
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cosmoray
School of Applied Knowledge
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Posted - 2008.04.07 15:52:00 -
[10]
What good is an API code anyway.
It can be audited as many times as you wish.
The money can still be stolen and then the API code can be changed.
Only secure and gauranteed bond is via collateral.
Also what is a variable bond. You have no reputation so it better be a fixed bond, and at a high percent.
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ifonos
Aliastra
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Posted - 2008.04.07 18:08:00 -
[11]
you might get abit more interest if you turned your CSPA charge down abit, imo.
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Blooden Guts
Megacyte Mining and Manufacturing LLC
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Posted - 2008.04.08 02:14:00 -
[12]
CSPA reset to 2950, sorry for the incovenience.
Originally by: cosmoray
The money can still be stolen and then the API code can be changed.
Refrain from wild and unfounded accusations. The API code was offered in response to a specific posters offer to act as the auditor to ensure accurate profit calculations. If you have specific concerns ro measures to address those concerns I woudl be happy to discuss them.
Quote:
Only secure and gauranteed bond is via collateral.
And why would I pay you to let you use my collateral rather than sell it outright or rent it at a profit?
Quote:
Also what is a variable bond. You have no reputation so it better be a fixed bond, and at a high percent.
If you read the rest of the thread you will see that it was offered at a fixed rate if you so choose. As for the rate, it pays what it can support, there is no point in taking out a bond that cannot pay for itself.
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cosmoray
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Posted - 2008.04.08 03:23:00 -
[13]
not making wild accusations.
Just pointing out a simple fact in Eve and the investment community.
There is no such thing as a gauranteed investment.
Unless collateral is posted, any IPO launcher can take the money and run.
You could sell your BPO's use the money, and re-purchase at later date?
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Blooden Guts
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Posted - 2008.04.08 04:08:00 -
[14]
I'm not trying to make light of your concerns, there really just isn't anything I can say that a scammer couldnt also say. Collateral in the real world works because the owner maintains use of it (usually). Due to the game mechanics this isnt possible in EVE. Due to the nature of the operation no collateral can be provided, this is a risk. This has been stated, so unless you have new concerns, please dont derail my thread any further.
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MilowFV
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Posted - 2008.04.08 04:27:00 -
[15]
Well BPOs can be secured in a 3rd party corp that allows you use of the BPOS to copy off, but still keep it locked down. Just pointing out that is an option if you needed.
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Blooden Guts
Megacyte Mining and Manufacturing LLC
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Posted - 2008.04.08 23:58:00 -
[16]
That would work if that corp had a POS I could use to make the copies for a reasonable fee. Looking at the BPO, I doubt there is a reasonable accomodation we could make due to the copy time. It would basically occupy a copy slot permanently and would still barely keep up with current production, let alone expanded production.
As there has been no serious interest in the bond and there is no reasonable accomodation that can be reached without crippling my ability to actually generate profits for the bond, I am withdrawing the offer.
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