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flakeys
Manu Armata
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Posted - 2008.05.20 17:13:00 -
[61]
Edited by: flakeys on 20/05/2008 17:13:23
 Originally by: jna
and I basically believe that people who invest in projects solely (or largely) on the basis of what a few of the regulars (or even the quieter non-regulars such as me) have or have not invested in should try to think for themselves a bit more.
And that's what i meant when i said : ''HOWEVER i will not follow any of these names in investing after thinking hard for myself about the investment.Hence why i didn't invest in this one.''
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jna
Caldari
Black Ash Enterprises
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Posted - 2008.05.20 18:19:00 -
[62]
Originally by: flakeys
Edited by: flakeys on 20/05/2008 17:13:23
Originally by: jna
and I basically believe that people who invest in projects solely (or largely) on the basis of what a few of the regulars (or even the quieter non-regulars such as me) have or have not invested in should try to think for themselves a bit more.
And that's what i meant when i said : ''HOWEVER i will not follow any of these names in investing after thinking hard for myself about the investment.Hence why i didn't invest in this one.''
I apologise if it sounded like I was directing that specifically at you, flakeys. It was a generalisation not directed at anyone in particular. Sorry.
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Caeleste naves interretis res gravissimas sunt |
Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.05.20 19:38:00 -
[63]
My decision to not invest in this or any other LRN/Yougotripped offerings is not/was not based on whether he would scam or not. I don't invest in people who act the way that he has in the past. Making elitist comments and talking down to everyone regardless of who they are or what questions they ask doesn't sit well with me. Perhaps he has learned that just because someone asks a question doesn't mean they are attacking him but instead they might genuinely not understand a part of his offering or simply seek further details.
Regarding the investor who wants to remain anonymous, while I can understand to an extent the desire to do this I would rather know who is investing for reasons already stated. As far as I'm concerned, any amount invested anonymously isn't invested at all and shouldn't be considered a part of this offering. Again, for reasons already stated.
Good Luck. Don't scam.
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Why do it the hard way when you can do it the AMARR way. |
Prodigal
Caldari
New Genesis Project
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Posted - 2008.05.21 05:42:00 -
[64]
Originally by: LRN
Edited by: LRN on 20/05/2008 10:39:35
OFFERING CLOSED.
As soon as I get in touch with the investor that wished to remain anonymous I will start issuing shares.
I am the anonymous investor that LRN has been referring to. After considering his response to my question regarding the anonymity thing, I have decided that FULL DISCLOSURE is the safest and fairest way to accomplish everyone's goals here.
As soon as I have confirmation of acceptance of my terms from LRN, I will post those terms here and transfer the balance of what he needs to move forward with his operation.
Cheers,
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Prodigal
Caldari
New Genesis Project
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Posted - 2008.05.21 07:14:00 -
[65]
Originally by: Prodigal
Originally by: LRN
Edited by: LRN on 20/05/2008 10:39:35
OFFERING CLOSED.
As soon as I get in touch with the investor that wished to remain anonymous I will start issuing shares.
I am the anonymous investor that LRN has been referring to. After considering his response to my question regarding the anonymity thing, I have decided that FULL DISCLOSURE is the safest and fairest way to accomplish everyone's goals here.
As soon as I have confirmation of acceptance of my terms from LRN, I will post those terms here and transfer the balance of what he needs to move forward with his operation.
Cheers,
TERMS OF BOND
Full amount of Bond will mature exactly 60 days after it is received.
20% interest will accrue at the end of EACH 30 day period. (i.e. 626 Million isk)
Total amount due at the end of Bond maturity will be: 3.13 Billion isk + 1.252 Billion isk
The Bond holder MAY pay back the TOTAL amount due before the maturity date without penalty, at which time the total amount due will be calculated on a "pro-rated" bases depending on the # of days has passed within that 30 day period.
The Bond issuer MAY grant an extension to the term of the Bond, granted mutually acceptable terms can be met, otherwise the Bond will be considered to have matured and the total balance agreed to above will be due.
Full disclosure of the above terms, and subsequent transactions regarding said Bond will be made available on the eve-o forums for all other participants to witness
Looking forward to the payback.
Cheers,
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LRN
Ewigkeit
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Posted - 2008.05.21 07:22:00 -
[66]
I have agreed to the terms posted above and will start issuing shares in a moment.
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flakeys
Manu Armata
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Posted - 2008.05.21 08:47:00 -
[67]
Originally by: jna
Originally by: flakeys
Edited by: flakeys on 20/05/2008 17:13:23
Originally by: jna
and I basically believe that people who invest in projects solely (or largely) on the basis of what a few of the regulars (or even the quieter non-regulars such as me) have or have not invested in should try to think for themselves a bit more.
And that's what i meant when i said : ''HOWEVER i will not follow any of these names in investing after thinking hard for myself about the investment.Hence why i didn't invest in this one.''
I apologise if it sounded like I was directing that specifically at you, flakeys. It was a generalisation not directed at anyone in particular. Sorry.
Not taken as any offence directly at me mate  ... just wanted to clarify that we where on the same lvel there.
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Prodigal
New Genesis Project
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Posted - 2008.05.23 22:35:00 -
[68]
Just keeping this bumped up front for now.
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.05.24 02:01:00 -
[69]
Originally by: Prodigal
Just keeping this bumped up front for now.
no need to bump this, i promise you it won't go anywhere for atleast 90 days
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Why do it the hard way when you can do it the AMARR way. |
StinkFinger
State War Academy
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Posted - 2008.05.25 01:48:00 -
[70]
why does this smell like a scam to me?
Originally by: Karanth
That's like sitting on your hand till it goes numb, so it's like a stranger. It's not as satisfying, and I'LL know the difference.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.25 01:56:00 -
[71]
Originally by: StinkFinger
why does this smell like a scam to me?
If it didn't, you would have more than just Stinky fingers
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Yarden Tajj
Lost Industries
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Posted - 2008.05.27 07:16:00 -
[72]
I just wanted to state what my previous experience is with LRN / YouGotRipped.
On 2008.01.07 he requested a loan (unsecured) for 2b ISK for 2 months at a rate of 12% (original thread here)
As you can see I've invested the full 2b unsecured. On 2008.02.08 the full investment + 12% was refunded to my wallet. The reason for this I believe was that RL hit him and he said he wasn't able to continue for another month. At that point in time I offered to post my investment experience in the original thread however he didn't feel it was necessary so I didn't. Seeing everybody's reactions I thought I might share my experience with you all.
Note: not related to this LRN's IPO.
Ricdic can confirm that i'm a bit 'crazy' seeing he was a witness with an unsecured long term loan with no strings attached or profits promised to Bakimi Ghevorchal just after he got blown up losing several BPO's and posting the method of saving his IPO.
The total loan was 1,750,000,000 and started on 2007.11.28.
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LRN
Ewigkeit
Zzz
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Posted - 2008.05.28 07:00:00 -
[73]
Thank you dude. I appreciate that.
I think the time has come to post an update.
The venture is doing well, I've taken one day off just recently to avoid burnout.
I have some BPOs that haven't been used in ages. I would like to rent those for 1/3 the benefit obtain from the sales. You will have to join my corp though.
Charon ME 2
Raven ME 70, PE 12
Raven ME 41, PE 5
Drake ME 40, PE 15
Caracal ME 35
Vexor ME 15
Cormorant ME 20, PE 10
Griffin ME 20
Kestrel ME 20
Merlin ME 20
Badger Mk II ME 20, PE 5
Badger Me 20, PE 5
Ammo
Antimatter charge L ME 100, PE 418
Paradise cruise missile ME 350, PE 50
Paradise cruise missile ME 350
Wrath cruise missile ME 350, PE 150
Wrath cruise missile ME 350, PE 50
Wrath cruise missile ME 350, PE 50
Devastator cruise missile ME 200 PE 100
Cataclysm cruise missile ME 250, PE 50
Juggernaut torpedo ME 100 PE 412
Scourge heavy missile ME 350, PE 50
Bloodclaw light missile ME 400, PE 50
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Roguehalo
RH Ship Brokers
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Posted - 2008.05.28 08:07:00 -
[74]
Some of those bpos really should be on permacopy
Any particular reason they aren't?
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LRN
Ewigkeit
Zzz
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Posted - 2008.05.28 11:52:00 -
[75]
Originally by: Roguehalo
Some of those bpos really should be on permacopy
Any particular reason they aren't?
Nothing I would like to elaborate on.
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LRN
Ewigkeit
Zzz
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Posted - 2008.05.30 18:01:00 -
[76]
I've already managed to break the 20% ROI threshold, bad news is that I am exhibiting signs of burnout 
I will take a few days off.
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Finedele
Caldari Provisions
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Posted - 2008.05.30 18:46:00 -
[77]
new indiana jones?
good to hear that you have achieved the 20%
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.30 19:05:00 -
[78]
He was always going to achieve above 20%.
How else would his next bond at higher investment amount sell out 
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flakeys
The Love Factory
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Posted - 2008.05.30 19:28:00 -
[79]
Originally by: EBANK Ricdic
He was always going to achieve above 20%.
How else would his next bond at higher investment amount sell out
Stop reading my mind Ricdic ....
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LRN
Ewigkeit
Zzz
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Posted - 2008.05.31 07:32:00 -
[80]
Edited by: LRN on 31/05/2008 07:32:59
Margins for what I'm trading dropped quite a lot. Irrespective of that, my next bond will surely not offer 20% interest.
Maybe 10% for 5B. The aim is to lower the interest and not to increase the amount loaned, although I could use a little more funding for minerals contracting to make use of whatever BPOs I have left, or a lot more funds and start a joint recycling op because burnout is always a problem.
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Roguehalo
RH Ship Brokers
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Posted - 2008.05.31 07:58:00 -
[81]
Originally by: EBANK Ricdic
He was always going to achieve above 20%.
How else would his next bond at higher investment amount sell out
It's amazing that somebody who lost people in here 23billion because of his appalling lack of judgement should make a demeaning and derogatory post about, what so far, has been a reputable and properly run bond offer.
You just demean yourself really with your harassment and bullying.
Just in case you haven't caught on yet Ricdic.........I detest bullying in any shape or form.
And i'm glad to see the incidence of it in this forum has very much decreased recently.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.31 09:30:00 -
[82]
Originally by: Roguehalo
It's amazing that somebody who lost people in here 23billion because of his appalling lack of judgement should make a demeaning and derogatory post about, what so far, has been a reputable and properly run bond offer.
Errm, wtf are you talking about? Who's funds exactly have I lost? I would suggest you do your homework before making yourself look any stupider.
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LRN
Ewigkeit
Zzz
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Posted - 2008.05.31 09:36:00 -
[83]
Edited by: LRN on 31/05/2008 09:42:03
Originally by: EBANK Ricdic
Errm, wtf are you talking about? Who's funds exactly have I lost? I would suggest you do your homework before making yourself look any stupider.
You're trashing my thread. Please take it someplace else.
Don't forget to take this too with you:
Originally by: jna
I'm sorry that I can't pretend to be taking a 'principled stand for the good of the MD community', which seems to be flavour of the month/year.
Every investment is of course a subjective matter, and I actually believe we're seeing the "Ricdic sheep effect" in evidence here - but not, curiously, coming from those who have chosen to invest. 
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LRN
Ewigkeit
Zzz
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Posted - 2008.06.05 17:53:00 -
[84]
Edited by: LRN on 05/06/2008 17:53:38
Christmas has come earlier than expected, 15 days earlier actually.
1B isk payed as divs to the investors on 05 June 2008.
Next payment will occur on 20'th of May 2008 or sooner of course.
Ricdic got his 100k isk (that he invested 3 days after the bond has gone active) back.
Motherships |
jna
Black Ash Enterprises
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Posted - 2008.06.05 18:01:00 -
[85]
Confirming isk received ahead of schedule.
With a fairly random (but entirely welcome) 500 isk bonus dividend? Methinks I'll stick it in EBANK
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Caeleste naves interretis res gravissimas sunt |
Amrumm
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Posted - 2008.06.05 20:54:00 -
[86]
Also confirming that isk has been received.
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Zalgar VII
MinTek Heavy Industries
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Posted - 2008.06.06 01:08:00 -
[87]
Confirmed iskies recieved.
Thanks!
Originally by: CCP Wrangler
The main reason I express myself in a "cover my ass" type of way is because I'm a CM, I believe we all have something in our job description saying be as vague as possible. |
Prodigal
New Genesis Project
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Posted - 2008.06.08 04:23:00 -
[88]
Dividend received.........
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LRN
Ewigkeit
Zzz
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Posted - 2008.06.12 10:54:00 -
[89]
Edited by: LRN on 12/06/2008 10:54:31
Following certain changes to manufacturing implemented in the last patch (the way waste is calculated in particular) it has become increasingly hard to deal with competition and provide both the 20% return the bond strives to uphold and a huge profit for myself without allocating copious amounts of time to 0.01 isk undercutting which is something I truly hate.
For now I'm crashing markets on a regular basis but in the future I might need to partially shift focus towards some less profitable and less stressful projects that I've considered for quite some time now (I'm quite anxious actually). Diversification is also an option here and I'm already training the skills needed for T2 manufacturing/inventing certain highly demanded products but this is something best reserved for later when I'll join an alliance and I'll also have access to moon mining.
Considering the above, I will try to preserve the 20% return for another month as agreed in the terms of the bond and I truly hope that the investors understand the situation.
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YouGotRipped
Ewigkeit
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Posted - 2008.06.12 16:50:00 -
[90]
Edited by: YouGotRipped on 12/06/2008 16:51:53
An opportunity came up not long ago and I will be leaving Eve for some time. Investors will be refunded in full.
Don't forget to send back the shares. |
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