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Tyndmyr
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Posted - 2008.05.25 19:11:00 -
[1]
Total issue: 1bil
In denominations of: 10mil
Interest: 6%
Term: 6mo.
Business plan: Hi sec ship/module trading. I do this currently, but Id like to reinvest my personal funds into a substantially more risky 0.0 op...and it seems foolish to leave the safe and reasonably profitable trading op for others to exploit.
Exit plan: Early buyout of all bonds.
Interest Paid: Monthly.
Early Buyout option: Id like to reserve the right to buyout any or all bonds early at my discretion. However, Id pay all interest on any bonds bought out this way through the end of the current month.
Who I am: This'd be my main, and Ive hung out on the board off and on for a while, and after returning to eve about a mo ago, have gotten back into the economic side of it. I've invested before, but this is my first IPO/Bond issue, so any questions or comments are much appreciated.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.25 19:29:00 -
[2]
Posting first in the first ever macro miner bond issuance.
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Auri Hella
Downwind Trading Guild
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Posted - 2008.05.25 20:15:00 -
[3]
 Originally by: EBANK Ricdic
Posting first in the first ever macro miner bond issuance.
I don't get it 
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Roguehalo
RH Ship Brokers
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Posted - 2008.05.25 20:22:00 -
[4]
This seems a bit strange considering you been playing for 2+ years
But anyway I'll take 200m
Be nice if you could upload your character profile to ineve.net and post a link in this thread 
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Shar Tegral
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Posted - 2008.05.25 20:30:00 -
[5]
Heck I would probably say 1 billion is peanuts but then I'd be showing that I'm disconnected from those who don't have 1 billion. Fine example here: Recent 1 Billion ScamOf course there are some investors who would be highly offended if you walked off with their isk(s) as well. Fine example here: No Matter How Much You Tell People Investing Entials Risk... ...Finally, looking you up on eve-search doesn't give much in the way of history on you. So, I fear, you'll have to either come up with some sort of credibility builder or ... face the lash that is critique in this forum.
To Shar -verb:
1 - To say what you mean.
2 - To say what it means.
3 - To say something mean. |
Tyndmyr
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Posted - 2008.05.25 23:16:00 -
[6]
*shrug* Critique isn't necessarially bad, I've seen more than enough criticisms on here that were justified. I'll admit, I tend to lurk a lot more than post, so I certainly don't claim to be a recognized forumite. However, I am a bit confused as to why Ricdic has me pegged as a macro miner. Perhaps he'll elaborate further.
Im over the 1bil mark in assets, but not by a huge margin, and not all of it is liquid. I'd estimate about a quarter bil in eve bank, the same in my mission running ship, perhaps half a bil in trade capital/inventory, and whatever my undeployed station is worth. Not terrible, but not exactly a huge quantity of wealth compared to the big players. The main reason for this is that I haven't played continuously for those two years...had a decent stint on WoW until I got burned out.
Anyway, I certainly appreciate the vote of confidence from Rogue, and I'll toss up my profile later this evening.
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Tyndmyr
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Posted - 2008.05.26 04:21:00 -
[7]
http://ineve.net/skills/character.php?charID=OTY4NTc2OTg4
Enjoy
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Haakkon
GoonFleet
GoonSwarm
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Posted - 2008.05.26 04:40:00 -
[8]
Could you elaborate a little more on
1) How you plan to earn the isk back
2) any sort of security / collateral on the bond?
Thank you :-)
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Tyndmyr
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Posted - 2008.05.26 05:16:00 -
[9]
Edited by: Tyndmyr on 26/05/2008 05:18:27
I intend to earn back the isk/turn a profit via high sec trading, mostly in ships and high end modules as the smaller items tend to have a poor time/profit ratio. I already do this currently, and feel confident that Im able to turn enough profit to pay the 6% and have a substantial bit extra for myself. As far as securities go, I have personal funds which would allow me to possibly recoup losses, but I have not taken the step of having a third party hold funds to guarantee the bond issue. After all, that seems like it'd mostly defeat the point of the whole exercise.
Forgot something rather important...the start date. I'd like to start this off on the 31st, keep the months even and all that. If the entire amount is not raised, I'll continue with what I have. The full amount is preferable, of course, but I can still make money with a lesser amount.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.26 06:05:00 -
[10]
hehe macro miner was based on your name. Looks like the joke kinda didn't take as no-one got it
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Bad Bobby
Ugly Toys
Zzz
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Posted - 2008.05.26 07:35:00 -
[11]
For me, a loan of this size yielding such low returns has to be secured either by a solid reputation or collateral. Otherwise the return isn't worth the risk.
If you're sitting on some valuable BPOs or ships that you are not currently using then we can talk. I can go to the full value of the loan providing the collateral matches it. If you haven't got anything we can use for collateral then I'm afraid that this oppertunity is not for me.
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Roguehalo
RH Ship Brokers
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Posted - 2008.05.26 07:56:00 -
[12]
I had a look at your character profile and you have excellent trade skills(inc margin trading4) which makes a change from some of the bozos who post in here asking for public money.
Bad Bobby has a good point though in that 6% is a bit low for an unsecured offering from a previously unknown individual
My advice(for what it's worth) would be to up the % to 10 and reduce the term to 2 months and then review the situation and posibly float a new bond for 2 or 3 bill
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.05.26 08:05:00 -
[13]
Since you claim that you already do some module trading, would you be willing to undergo a 3rd party audit via a full API key, so that a single person can see what you've been doing over the last 7 days and report on it? Obviously such a report wouldn't include details of specific items traded, or the exact locations; it'd just give potential investors an idea of how well you've been doing.
I did this for Roguehalo and LRN, and have helped with the details of one or two other IPOs/bonds in the past.
That'd also help establish how much collateral you'd be able to provide.
My research services
Spreadsheets: Top speed calculation - Halo Implant stats |
Bad Bobby
Ugly Toys
Zzz
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Posted - 2008.05.26 10:25:00 -
[14]
Originally by: Roguehalo
My advice would be to up the % to 10 and reduce the term to 2 months and then review the situation
Sound advice.
Combine that with an API audit with a trusted third party and I'll put some money on the table.
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Tyndmyr
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Posted - 2008.05.26 16:56:00 -
[15]
Sent Kazuo the API key in game, and that sounds fair...10% is higher than I was hoping for, but if the term is only two months, then it's not such a big deal. As far as securing the BPOs and the like goes, I do have a fair amount of BPOs, some of which are researched, they tend to be low in value(Ive got all the rig bpos for example), or ones I frequently use.
I'll update the initial post to reflect the changed terms in a sec.
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Roguehalo
RH Ship Brokers
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Posted - 2008.05.26 16:58:00 -
[16]
I'll be happy to invest 500m @ 10% subject to report from Kazuo
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flakeys
The Love Factory
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Posted - 2008.05.26 17:17:00 -
[17]
Edited by: flakeys on 26/05/2008 17:18:59
500 mille investment from me making it the 1 bille demand with Roguehalo
bid next to it.
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Bad Bobby
Ugly Toys
Zzz
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Posted - 2008.05.26 17:29:00 -
[18]
Ok, no need for me to reach into my wallet here then! 
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Meg Powers
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Posted - 2008.05.27 11:32:00 -
[19]
Interested in dis but too slow, watching to see how you do with some interest.
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flakeys
The Love Factory
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Posted - 2008.05.28 14:34:00 -
[20]
Any news on this yet Tyndmyr? You stated start at end of the month but i will be on holiday from friday evening on so IF you proceed i'd like to know before friday so i can transfer the isk.
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Tyndmyr
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Posted - 2008.05.29 03:00:00 -
[21]
Edited by: Tyndmyr on 29/05/2008 03:04:03
Im definitely proceding at EOM, I think the only thing anyone is waiting on is Kazuo posting regarding the audit. Naturally, feel free to wait for that if you prefer, but of course, Im not requiring it. Whatever works out to be convenient.
The lovely thing about trading is that it's not a terribly time critical thing. Unless theres a major patch involved, one week is generally as good as another in terms of income.
Edit: Meg, and anyone else interested. After the first two mo, I'll re-evaluate capital needs and interest rate, and quite possibly issue another bond. It's hard to set anything in stone about that yet, as it depends on how much capital is necessary to fully exploit my local markets, but I'll certainly post with more details at that time.
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.05.29 08:44:00 -
[22]
I'll be able to do the audit this evening - I've been rather busy with exams this week, and the last one is later today. I apologise for keeping people waiting.
My research services
Spreadsheets: Top speed calculation - Halo Implant stats |
Zeronale
Dark Canyon Corporation
Empire Research
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Posted - 2008.05.29 14:43:00 -
[23]
I'll Anty up 50 million at 10%.
I be poor... dont judge me!
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Tyndmyr
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Posted - 2008.05.29 22:28:00 -
[24]
No prob, kazuo, life is nuts sometimes.
Appreciate the vote of confidence, Zero, but Im only looking for a bil atm, and I've already got folks pledged to invest that.
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.05.29 22:33:00 -
[25]
I can confirm that high-sec ship & module trading has been taking place on Tyndmyr's personal wallet, with a turnover of comparable scope to the sum requested for the IPO. He has typically earned large margins on most items traded, in quite small volumes, as expected for people trading on a relatively small capital.
The trades are safe, but there probably isn't too much room for direct expansion. He has 2.5m sp in trade skills but can also fly a variety of ships and is capable of perfect refining, which I would suggest he explores further.
On the strength of what I've seen, I'd probably invest, but other people have already beaten me to it, and I don't think throwing a lot more capital at this venture is necessarily a good idea.
My research services
Spreadsheets: Top speed calculation - Halo Implant stats |
Roguehalo
RH Ship Brokers
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Posted - 2008.05.30 07:59:00 -
[26]
500m sent gl with your venture
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flakeys
The Love Factory
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Posted - 2008.05.30 09:27:00 -
[27]
At work now.Will send the 500 mille immediatly after DT.
Good luck with this Tyndmyr 
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Meg Powers
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Posted - 2008.05.30 15:23:00 -
[28]
Originally by: Tyndmyr
The lovely thing about trading is that it's not a terribly time critical thing. Unless theres a major patch involved, one week is generally as good as another in terms of income.
*cough* Empyrean Age *cough*
Still watching with interest though.
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Siriosa
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Posted - 2008.06.01 06:05:00 -
[29]
Iskies received and invested from both of you.
Yeah...but I haven't yet seen anything to indicate that emp is going to change T1 ships greatly, so I just ride the usual "horde minerals prior to patch" wave, and so on.
Kazuos assessment meshes with mine rather well...in fact, my refining skills are among my newest. Gotta branch out either to a new region, or to new opportunities, or both eventually, as I'll be tapping out all the worthwhile trade in this region relatively soon. Such is life. I'll probably eventually drop a high sec research station and start making better use of my BPO collection.
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Tyndmyr
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Posted - 2008.06.23 01:50:00 -
[30]
50m each paid out for June dividend.
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