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Ming Daizong
Mithraeum
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Posted - 2008.06.02 21:12:00 -
[1]
Hello everyone.
The purpose of this bond offering is two-fold. First, to provide me with liquid funds needed for trading and other such projects. Primarily, though, the purpose of this 'small' bond offering is to gain a foothold in the investment market and to establish trust before moving on to a larger IPO plan I have been working on. Those who purchase this bond will have the first opportunity to invest in said future IPO.
To minimize risk to those who purchase these bonds, I have made the bond fairly small. Should an event of extreme stupidity on my part or extreme bad luck occur, I could theoretically rat or mine the necessary ISK.
Because trust has not yet been established, my assurances that it is not a scam will, understandably, mean little. However, the small issue price of each individual bond and 'small' size of the overall bond offering minimizes losses to those who chose to invest. I will be using an excel spreadsheet rather than the in-game stock/dividend mechanism to make the coupon payments.
Bonds Allocated: 100
Issue Price: 10,000,000 ISK
Maturity Date: January 2, 2009
Coupon Rate: 10%
Coupon Date: 2nd of each month
I'd be pleased to answer any questions or concerns. 
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Ming Daizong
Mithraeum
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Posted - 2008.06.02 21:14:00 -
[2]
Reserved
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Roguehalo
RH Ship Brokers
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Posted - 2008.06.02 21:25:00 -
[3]
What trading experience do you have?
Have you read any of the other IPO threads in this forum?
Do you understand the steps you need to take to give the community rather more information about yourself than you have so far proffered?
Subject to further checks I'll reserve 10 bonds = 100m
Welcome to Market Discussions forum 
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Ming Daizong
Mithraeum
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Posted - 2008.06.02 21:34:00 -
[4]
 Originally by: Roguehalo
What trading experience do you have?
Primarily 0.0 and low sec trading. I currently trade t2 ships and modules in a small low sec trade hub.
Originally by: Roguehalo
Have you read any of the other IPO threads in this forum?
Yes. I'm attempting to start a more 'realistic' bond with this project.
Originally by: Roguehalo
Do you understand the steps you need to take to give the community rather more information about yourself than you have so far proffered?]
I figured I'd answer the direct questions that people are sure to ask. But, to give a brief overview of myself, I have been in a number of production/mining corporations, as well as a PvP corp in a 0.0 alliance. I have experience in a wide variety of fields due to my experience in these various corporations. I am currently the CEO of a one-man Corp which I use primarily to get low sec standings to support my trading.
Originally by: Roguehalo
Welcome to Market Discussions forum
Thanks. 
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Auri Hella
Downwind Trading Guild
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Posted - 2008.06.02 22:03:00 -
[5]
I feel like gambling tonight. Reserving 10 bonds
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.06.02 22:24:00 -
[6]
the gambling bug has bit me too. reserve 5 bonds.
question: when do you intend on starting this bond?
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Originally by: Haakkon
I feel a great deal of patriotism at being a part of Goonswarm. We've accomplished great things... we're just mainly jerks about it
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Ming Daizong
Mithraeum
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Posted - 2008.06.02 22:26:00 -
[7]
The first coupon payment will be the 2nd of next month if all goes well. The first month will be a day or two short of a full month but I'm comfortable with that.
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.06.02 22:26:00 -
[8]
Originally by: Auri Hella
I feel like gambling tonight. Reserving 10 bonds
If you feel like gambling away your isk do it on Selene's poker tables and not on this offering.
There have been several IPO's popping up recently and most have gotten their funding even though the majority of the investors simply say "i have already written this off as a loss so anything i get back is a profit" or in this case "i feel like gambling tonight". I realize that any investment is a gamble and that there is a lot of isk just sitting in wallets but honestly do we have to resort to tossing isk at anyone who comes in here with a halfway decent or even a crappy plan? I'm not calling scam or anything but it doesn't look like much effort was put into this and considering there is little to no reputation should we really be tossing isk at this without due diligence?
Just my 2 cents, carry on.
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Why do it the hard way when you can do it the AMARR way. |
Tobin Shalim
Vulcan Foundry
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Posted - 2008.06.02 22:28:00 -
[9]
i think the reason why people are tossing isk at anything that comes in is because there isn't any new IPO's or bonds coming in at all. so when something does come in that seems even halfway good, it's like throwing a bone to a pack of starving dogs.
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Originally by: Haakkon
I feel a great deal of patriotism at being a part of Goonswarm. We've accomplished great things... we're just mainly jerks about it
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Roguehalo
RH Ship Brokers
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Posted - 2008.06.02 22:29:00 -
[10]
A couple of further questions for you.
Would you be willing to upload your character to ineve.net and then post a link in here to your character?
Would you be willing to turn over your full api key to a trusted 3rd party for auditing and verification?
Here is a link to MY charecter at ineve.net :- Roguehalos Skills page
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Ming Daizong
Mithraeum
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Posted - 2008.06.02 22:33:00 -
[11]
Originally by: Amarr Citizen 155
I'm not calling scam or anything but it doesn't look like much effort was put into this and considering there is little to no reputation should we really be tossing isk at this without due diligence?
To be honest, I did expect more questions from potential purchasers. As for my lack of reputation, building one is part of the reason for this bond offering, which was covered in my original post. I have to start somewhere. I am also well aware that this is a gamble, which I also covered in my original post.
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.06.02 22:37:00 -
[12]
Originally by: Ming Daizong
Originally by: Amarr Citizen 155
I'm not calling scam or anything but it doesn't look like much effort was put into this and considering there is little to no reputation should we really be tossing isk at this without due diligence?
To be honest, I did expect more questions from potential purchasers. As for my lack of reputation, building one is part of the reason for this bond offering, which was covered in my original post. I have to start somewhere. I am also well aware that this is a gamble, which I also covered in my original post.
Just to clarify, you may very well have a good reputation to gain and this offering might be worthy of funding. I guess my original reply was more in regards to the lack of questioning. Lately, the questioning has been boring and for the most part non-existent. Something like this:
1. can we have your full api key
2. are your numbers correct in your plan
3. if step 1 and 2 are ok then where do i send isk.
Maybe i'm just remembering the drilling we used to see here and wondering wtf it went.
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Why do it the hard way when you can do it the AMARR way. |
Ming Daizong
Mithraeum
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Posted - 2008.06.02 23:24:00 -
[13]
In the interest of my privacy I will not be giving out my API key. I, personally, don't like the direction that investors have been taking this recently. If you don't like it don't purchase these bonds.
I'd much prefer the true due diligence of the 'old' days. Press me for questions, grill me. But don't ask me to give out complete information on how I play EVE, especially when such information will likely be used by rival traders.
I appreciate the rights of investors, I have been an investor myself, but I also feel that businessmen have rights as well. If my taking a stand on this issue causes this bond offering to fail, so be it, but I'd much rather make the leap to a successful businessman with happy investors.
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Finedele
Caldari Provisions
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Posted - 2008.06.02 23:36:00 -
[14]
put me in for 50 mio, money will be send after i wake up, its late now in good old germany and i have to sleep
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.03 02:45:00 -
[15]
Awesome, another exciting trading IPO
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Ming Daizong
Mithraeum
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Posted - 2008.06.03 02:49:00 -
[16]
Edited by: Ming Daizong on 03/06/2008 02:49:17
Originally by: EBANK Ricdic
Awesome, another exciting trading IPO
I think its reasonable to start off with something relatively safe in the interest of investors. My future IPOs will be much more exciting I assure you.
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Havok Pierce
D00M.
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Posted - 2008.06.03 02:58:00 -
[17]
Edited by: Havok Pierce on 03/06/2008 02:59:16
Edited by: Havok Pierce on 03/06/2008 02:58:40
I'll take 15, pending availability.
"Risk is our business"
When/where would you like the isk?
Originally by: CCP Wrangler
There's a Community petition category??
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Ming Daizong
Mithraeum
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Posted - 2008.06.03 03:01:00 -
[18]
To keep it simple just send it to this character. For clarification purposes, I will be using corporate wallet divisions to organize the isk.
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Roguehalo
RH Ship Brokers
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Posted - 2008.06.03 05:23:00 -
[19]
Apropos my 1st post in this thread.........It appears there aren't going to be any 'further' checks so I'm cancelling my reservation.
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Bad Bobby
Ugly Toys
Zzz
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Posted - 2008.06.03 05:57:00 -
[20]
I would need to see that you at least have trading skills and know how to use them before I could invest. I'm afraid that does mean an API audit, but I do sympathise with your position.
The only alternative I can propose is that if you have any decent ship BPOs we can work out a collateral deal and I can ensure that you still get good use out of the BPO while I hold it.
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Maestro Del'Tirith
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Posted - 2008.06.03 06:31:00 -
[21]
IMO the SPs they have or don't have are rather irrelevant. I want to know if the person has a brain.
You say you are living low sec or nullsec lifestyle...what are you doing in order to ensure all our precious investment doesn't go 'poof'? You mention 'other such projects', I want to know what kind of projects you mean if it means it will affect the protection of my principle.
Rat or mine to get it back, blah blah blah, I want to hear how you aren't going to spend it on a freighter and then haul crap around nullsec until somebody pops you, and you say 'oops, guess I am now an indentured servant for the next 6 months, I'll of course spend all my play time doing missions to pay back the kind investers, because that is what I spend my 15 bucks a month to do'
Is this for stationary trading, or will goods be moving...and if goods will be moving, how many scouts do you have to help protect you?
Since this is a bond, I frankly don't give two hoots in a hand basket how you plan to make money off this...I'm more concerned about protection of principle. Tell me how you will do that. Provided some more information there, my 'main' will consider tossing some money your way.
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Ming Daizong
Mithraeum
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Posted - 2008.06.03 06:42:00 -
[22]
Originally by: Maestro Del'Tirith
IMO the SPs they have or don't have are rather irrelevant. I want to know if the person has a brain.
You say you are living low sec or nullsec lifestyle...what are you doing in order to ensure all our precious investment doesn't go 'poof'? You mention 'other such projects', I want to know what kind of projects you mean if it means it will affect the protection of my principle.
Rat or mine to get it back, blah blah blah, I want to hear how you aren't going to spend it on a freighter and then haul crap around nullsec until somebody pops you, and you say 'oops, guess I am now an indentured servant for the next 6 months, I'll of course spend all my play time doing missions to pay back the kind investers, because that is what I spend my 15 bucks a month to do'
Is this for stationary trading, or will goods be moving...and if goods will be moving, how many scouts do you have to help protect you?
Since this is a bond, I frankly don't give two hoots in a hand basket how you plan to make money off this...I'm more concerned about protection of principle. Tell me how you will do that. Provided some more information there, my 'main' will consider tossing some money your way.
Low sec, currently. Much of the trading involves the movement of goods, through as many as five low sec jumps. I use transport ships to move the goods through Empire and a blockade runner in low sec. I have three accounts total with numerous trade and scouting alts. I have, variously, standings and business agreements with many of the corporations (including pirate corps) that operate in my primary area of business, but as I'm sure you are aware, that is no guarantee.
We're hitting pretty close to trade secrets here  but suffice it to say I do brisk business. I have yet to lose a cargo, although realistically I expect it to happen sooner or later, I do my best to minimize potential losses.
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YouGotRipped
Ewigkeit
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Posted - 2008.06.03 06:57:00 -
[23]
Edited by: YouGotRipped on 03/06/2008 07:02:31
Originally by: Ming Daizong
In the interest of my privacy I will not be giving out my API key.
In the best interest of our funds allocation you won't get any investment.
Prove that you have the skills and that you've been trading like you said.
Oh and cut the long posts pls. You won't divert our interest from what really matters.
Motherships |
Ming Daizong
Mithraeum
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Posted - 2008.06.03 07:08:00 -
[24]
Edited by: Ming Daizong on 03/06/2008 07:08:17
Originally by: YouGotRipped
In the best interest of our funds you won't get any then.
Prove that you have the skills and that you've been trading like you said.
Oh and cut the long posts pls. You won't divert our interest from what really matters.
I won't fall prey to predatory trading because you have a ridiculous sense of entitlement.
Investors are entitled to know how I will use their ISK and, as pointed out by the poster above you, how I will protect their ISK. Investors are not entitled to what I had for breakfast this morning, who I podded five minutes ago, or how many SP in forumwhoring I have. That is my feeling on the issue and, if you don't like it, don't invest.
Also, the Royal "We" really bugs me.
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YouGotRipped
Ewigkeit
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Posted - 2008.06.03 07:20:00 -
[25]
Edited by: YouGotRipped on 03/06/2008 07:24:47
Originally by: Ming Daizong
I am currently the CEO of a one-man Corp which I use primarily to get low sec standings to support my trading.
You've created a corp 7 days go. 7!!! and probably have little state standing.
You have no public contract history. You don't want to provide a skills check via an API key. But somehow it struck you to come here and ask for 3B based on a wild idea on how you will allegedly use the money.
I've just checked. You have no standings whatsoever.
Nor does your corp ftm.
Motherships |
Ming Daizong
Mithraeum
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Posted - 2008.06.03 07:23:00 -
[26]
Originally by: YouGotRipped
You've created a corp 7 days go. 7!!! and probably have 0 state standing.
You have no public contract history. You don't want to provide a skills check via an API key. But somehow it struck you to come here and ask for 3B based on a wild idea on how you will allegedly use the money.
Yet I've been in three other Corps, two of which are fairly well known and respected. Also, I have experience doing simple math and can do so successfully.
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YouGotRipped
Ewigkeit
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Posted - 2008.06.03 07:24:00 -
[27]
Edited by: YouGotRipped on 03/06/2008 07:24:58
You're one worthless alt used for anything but trading.
Motherships |
Roguehalo
RH Ship Brokers
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Posted - 2008.06.03 07:25:00 -
[28]
Api key auditing by trusted 3rd parties is a well established part of Eve. If you aren't prepare to give trust I'm not really sure how you expect to receive trust.
Your explanations of what you actually do are about as wishy washy as they come, and I quite understand your desire not to submit to 3rd party auditing, since it will probably reveal you are an impoverished pvper looking to replenish the coffers via the more trusting members of the md community.
A couple of trusted auditors I would recommend are Shar Tegral and Kazuo Ishiguro.
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Ming Daizong
Mithraeum
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Posted - 2008.06.03 07:31:00 -
[29]
Edited by: Ming Daizong on 03/06/2008 07:32:20
Originally by: Roguehalo
Api key auditing by trusted 3rd parties is a well established part of Eve.
Investors in this forum have been attempting to establish this as of late. I, and I presume other businessmen, don't particularly like this practice. And if taking a stand against it martyrs me, so be it. Businessmen have rights as much as the investor does.
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Ming Daizong
Mithraeum
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Posted - 2008.06.03 07:32:00 -
[30]
Originally by: YouGotRipped
Neither do I with my trading char. But I gang up with him when it comes to splitting the rewards.
I never thought of that.  They have to be in the same system though, correct?
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