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Maestro Del'Tirith
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Posted - 2008.06.15 16:29:00 -
[1]
Edited by: Maestro Del''Tirith on 15/06/2008 16:35:02
The Bond
I am seeking 2B ISK in capital for a period of three months. I will be paying regular dividends on this and then paying back all initial investment at face value. Payout will be 10% of the invested amount each month. Note that these are calendar months...once all reservations are out, I will ask for ISK to be transferred by a certain date. The first payout will be the same date of the next month. So if the date is the 18th of June, the first payout will be on July 18th and so on.
Ex: 1 mil investment will net 100k month one, 100k month two, 100k on month three for a net gain of 300k for your investment, and then turning in your shares will be done in exchange for your principal.
If the 2B capital is not met, this bond will not go forward and any ISK sent will be returned.
Technical Stuff
I will be setting up a holding corporation and issuing 2100 shares. 100 shares will be to my alt, Quinn Del'Tirith, in exchange for 100m investment of my own money. The rest will be sold here for 1 mil per share. Minimum purchase is 1 share. Maximum is 100 shares. There will be no buy backs prior to the end of the 3 month period except under extenuating circumstances (see Backout Plan below), however shares may be sold between individuals. I ask that you notify me in such a case so that I can make buy back arrangements with the new owner at the completion of the bond.
Total capital inclusive of my own investment will be 2,100,000,000. Payout will be by dividend of 210,000,000 for three months. At buy back time I will ask you to send me shares back, at which point I will pay back 1 mil for each share.
Backout Plan
In the event that I am unable or unwilling to continue at some point I will, at my discretion, either:
a) offer immediate buy back at the initial face value of the bond (1 mil per share)
b) pay out the total amount of the investment (2.1B) via a dividend, you can then do whatever you like with the shares (this option is to cover extreme extenuating circumstances, and would likely not be used)
In either case I will also pay out prorated interest in such an eventuality via dividend. This would be the 210mil figure divided by number of days in the month-month period * number of days since last dividend, paid out as a dividend.
I will reserve the right to invoke the backout plan at any time. I will not guarantee that this bond will last until completion, only that should I close it down early you will receive the appropriate payout based on the time invested.
Other Notes
NOTE: NOT ACCEPTING ISK YET, RESERVATIONS ONLY
All ISK should go to Maestro Del'Tirith. Please be careful and ensure you are not sending to some other similar Maestro character in the game. Do not send any ISK to either of my alts. Right now please only do reservations, I will call for ISK to actually be sent after reservations are in.
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Maestro Del'Tirith
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Posted - 2008.06.15 16:30:00 -
[2]
Edited by: Maestro Del''Tirith on 15/06/2008 16:34:33
FAQ
That interest sucks...I mean, 10% per month?
This is better interest than other similar bond offers in the forum. I am offering better interest in order to address the risk/reward factor that I am rather new to the game, and so therefore there is more risk I could do something stupid. I believe it is a reasonable rate of return, and am unlikely to want to change it.
What will you be doing with the investment?
I will be trading with it. I have been rather successful with small capital, and believe I have spotted significant opportunities in another area that I will be exploiting. I feel no need to share where I am trading or what I am trading, I am just trading and making you interest.
Why are you seeking public funds?
I believe I can take 2B and turn it into significantly more, even after subtracting the 10% monthly interest, than I could with only my own starting capital.
Will you be taking in additional investments?
If I determine it is advisable to take in additional investments, I will first close down this operation according to the back out procedures. This bond will be completed and final before I seek additional public funding.
Is this a scam?
No.
How can we trust you to not lose our money? What is your history on these forums?
Please refer to this thread: Newbie Trader Blog. That is the majority of my history. I am fairly new to Eve, and fully realize this may be seen as an additional risk due to my lack of knowledge. I have already provided my full API key to an auditor, who should be posting results shortly, however they will not be able to provide any details on the return I am able to produce from my efforts aside from verification of what I have already stated in the Newbie Trader Blog. I have not engaged in the activity I plan to utilize the funds for yet, and will not do so until after funds are received and I am ready to fully invest them.
I only have the trading skills I mention in the Newbie Trader Blog. I will be spending the time period training additional skills (namely, margin trading and wholesale) but I do not believe I need to wait on these in order to make the necessary level of return. I will be training additional other skills for goods shipping purposes and running missions with my trading char in order to maximize return, but will not provide the details of these efforts except in the form of ISK in your wallet.
Trading? Isn't that kinda boring? I mean, aren't you going to do something original?
Trading is what I understand and I wish to experience it at higher NAV. Once this bond is complete, I may be seeking other funding for a more ambitious/interesting venture. I believe this initial bond will provide me with the necessary personal funding to be credible in that endeavor and provide sufficient collateral to back the investment I am looking for, and enough time to train up the skills I require (well, according to EVEMon).
Why only once per month? Other bonds are paying once a week!
The nature of the business means that liquidating funds cuts down on their ability to work for me. I am doing a monthly payout instead of a weekly payout in order to cut down on the number of times I need to liquidate to pay out, and therefore reduce the amount of lost 'compounded return' of the money to me.
Will you answer other questions?
Sure, please post them publicly so that the responses may also be made publicly.
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Maestro Del'Tirith
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Posted - 2008.06.15 16:30:00 -
[3]
Edited by: Maestro Del''Tirith on 15/06/2008 16:32:29
Reservations
Reservations may be made publicly in this thread. No private reservations will be accepted. This post will be updated to reflect them. If the 2 bil necessary funding is reached in reservations, I will post a date and time by which all ISK must be received and begin taking alternate reservation options, which will be exercisable on any funds not received from the initial reservations.
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.06.15 16:32:00 -
[4]
Reserved.
Zzz research towers
Direrie
NEW: Liekuri
20:1 low-end compression |
Seroster
Vegrandis Muneris
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Posted - 2008.06.15 16:56:00 -
[5]
Edited by: Seroster on 15/06/2008 16:56:28
Posting to reserve 100 shares |
William Baring
Barings Trade And Finance
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Posted - 2008.06.15 17:00:00 -
[6]
Reserving 50 shares please
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Alatar IthrynLuin
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Posted - 2008.06.15 17:08:00 -
[7]
I followed your work, and am willing to wager 100 shares on your continued success!
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Vhaluus
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Posted - 2008.06.15 17:10:00 -
[8]
I'll reserver 100 shares. no question about it.
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Xantheris
Surge.
NIght's Dawn
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Posted - 2008.06.15 17:16:00 -
[9]
I'd like to reserve 100 shares. Good luck on raising the rest!
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William Baring
Barings Trade And Finance
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Posted - 2008.06.15 17:20:00 -
[10]
 Originally by: William Baring
Reserving 50 shares please
If possible i would like to up my reservation to the full 100 shares, sorry for the confusion but just freed up some more isk 
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Maestro Del'Tirith
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Posted - 2008.06.15 17:34:00 -
[11]
Originally by: Kazuo Ishiguro
My other concern is the risk of burnout.
I wanted to address Kazuo's very correct observation that burnout is a high risk for this venture (and frankly most public offerings). I cannot say that it is not a risk when investing in this bond, but I will state the things which I believe help to mitigate it.
1) I have an extensive amount of time on my hands right now, and will be doing more in my Eve time than just trading for this bond offering. I believe variety will be helpful in mitigating, and that I can turn over the required interest despite it. My time invested in trading will still be longer than many individuals play regularly.
2) I have a back out plan posted above. In the case of burnout, I will invoke it. Please read it carefully and consider it when investing. I appreciate any questions regarding it.
I understand that neither fully addresses the concern, I will do my best to answer any other questions regarding this issue.
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Salpad
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Posted - 2008.06.15 17:35:00 -
[12]
Hi, I'd like to buy 100M ISK worth of shares in your bond, assuming that you will:
1. Pay me 10M ISK each month for three months.
2. Buy back the shares, from me, at full value after those three months (full value being 100M ISK).
If I've understood you correctly, just let me know, and I'll transfer the ISK to you within a few hours.
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Salpad |
Maestro Del'Tirith
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Posted - 2008.06.15 17:35:00 -
[13]
Originally by: William Baring
up my reservation to the full 100 shares
Done and I have updated the reservation post to reflect this.
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Maestro Del'Tirith
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Posted - 2008.06.15 17:39:00 -
[14]
Edited by: Maestro Del''Tirith on 15/06/2008 17:44:59
Originally by: Salpad
If I've understood you correctly, just let me know, and I'll transfer the ISK to you within a few hours.
You have understood me correctly, however I am holding out reservations until the full 2100 shares are spoken for. You may send ISK ahead of time and it will be returned if I do not move forward, however
a) interest will not begin to acrue until the day I specify for ISK transfer once all reservations are in (i.e. if you have an EBank acct, you are better leaving it in there until the last day I am accepting the actual ISK transfers, as interest will not accrue until that day)
b) if I determine the bond will not go forward due to a lack of sufficient reservations, I will return your ISK to you with no interest
As a whole, I would prefer you to just make your reservation and then wait for the notice to send ISK once all reservations are in and all questions posted in this thread have been answered, but it is up to you. In either case, please confirm by posting in this thread.
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Petyr Baelich
Taggart Transdimensional
Virtue of Selfishness
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Posted - 2008.06.15 17:50:00 -
[15]
Well I'm glad it's not 10 billion or more. With the way you ended your experiment I'd be very shy of investing in any significant venture of yours. The altruism really puts me off, and makes me think it's a prelude to a scam. The quality of your posting and general knowledge shown by your understanding of EvE's market makes me think you are not a new player at all, and have spent at least several months in the game. Altogether that makes me very nervous. That said, you seem intelligent enough and I don't think you'd scam such a small amount of isk. I'd like to reserve 250 shares in the hopes that you're either simply misguided ideologically, or still in the seduction mode of your scam efforts.
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Maestro Del'Tirith
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Posted - 2008.06.15 17:57:00 -
[16]
Originally by: Petyr Baelich
...the altruism really puts me off...
Noted, I personally don't see it as altruism however. We all enjoy the game differently.
Originally by: Petyr Baelich
...and makes me think it's a prelude to a scam...
I honestly cannot refute this, I would be leery of any IPO as well. I can only say that I have no intention of scamming anyone.
Originally by: Petyr Baelich
The quality of your posting and general knowledge shown by your understanding of EvE's market makes me think you are not a new player at all
I believe a few things factor into this. Luck, the fact that I have significant investing experience IRL, and that I ran a business in SWG which has prepared me for in game markets.
Originally by: Petyr Baelich
I'd like to reserve 250 shares
Done
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Xantheris
Surge.
NIght's Dawn
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Posted - 2008.06.15 18:01:00 -
[17]
I thought maximum investment was 100 shares per person? I might be interested in investing more if you are lifting the cap. Any changes?
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Maestro Del'Tirith
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Posted - 2008.06.15 18:04:00 -
[18]
I am sorry, I meant to post that the maximum was 1000, which is why I did not bat an eye at this. I really have no reason to want to maximize the total # of investors. I will update the post, and any increases to share purchases of previous posters will be given preference over posts after this one reserving shares.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.15 18:23:00 -
[19]
500m reservation please
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Xantheris
Surge.
NIght's Dawn
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Posted - 2008.06.15 18:30:00 -
[20]
Well then I'd like 100 more shares. Glad you made the typo or EBank and an MD Mogul or two would probably have snatched this up before I had a chance.
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Maestro Del'Tirith
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Posted - 2008.06.15 18:37:00 -
[21]
Originally by: Xantheris
Well then I'd like 100 more shares.
Your reservation has been updated.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.15 18:46:00 -
[22]
Originally by: Xantheris
Well then I'd like 100 more shares. Glad you made the typo or EBank and an MD Mogul or two would probably have snatched this up before I had a chance.
Hehe nah not totally convinced on this one. I like the intelligence portrayed in the business plan and the OP's prior operation and the work put into that.
You don't put tens of hours of work into a 14 day trade operation only to give away your earnings and then scam 2 billion isk. I reckon if the OP is going to scam it will be at a much higher level.
Having said that, my instinct tells me I can trust this guy but I have been wrong before 
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Nonym Ous
Ad Astra Vexillum
Hydra Alliance
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Posted - 2008.06.15 19:06:00 -
[23]
I think it's time for me to get into the investment game and if Ricdic trusts this guy then I guess I will. Put me down for 100M
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Roguehalo
RH Ship Brokers
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Posted - 2008.06.15 19:11:00 -
[24]
I'll take 200 shares
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.06.15 19:15:00 -
[25]
Originally by: Nonym Ous
I think it's time for me to get into the investment game and if Ricdic trusts this guy then I guess I will. Put me down for 100M
Well I guess if Ricdic trusts this guy then count me in for.......wait a sec, shouldn't I read the information provided/do my own research and make the decision for myself? That's right I should. Come on guys, use your own brains and make a decision for yourself.
Disclaimer: My above message was not directed at the OP or his offering neither was it directed at Ricdic or ebank. I stand neutral in regards to my point of view of this offering.
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Why do it the hard way when you can do it the AMARR way. |
Emotek
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Posted - 2008.06.15 19:21:00 -
[26]
I would like to reserve 500 shares for 500 million ISK.
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Maestro Del'Tirith
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Posted - 2008.06.15 19:37:00 -
[27]
Edited by: Maestro Del''Tirith on 15/06/2008 19:37:34
Originally by: Emotek
I would like to reserve 500 shares for 500 million ISK.
There are only 250 shares outstanding. I am not yet accepting 'default' reservations. Any reservations are also contingent on the individuals 'above the line' in my reservation post not asking for additional shares up to the newly communicated maximum. They still have half an hour to do this.
If you would like me to put you down for the 250 outstanding I can do so with that caveat. Let me know.
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Salpad
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Posted - 2008.06.15 19:43:00 -
[28]
Originally by: Maestro Del'Tirith
You have understood me correctly, however I am holding out reservations until the full 2100 shares are spoken for. You may send ISK ahead of time and it will be returned if I do not move forward, however
a) interest will not begin to acrue until the day I specify for ISK transfer once all reservations are in (i.e. if you have an EBank acct, you are better leaving it in there until the last day I am accepting the actual ISK transfers, as interest will not accrue until that day)
b) if I determine the bond will not go forward due to a lack of sufficient reservations, I will return your ISK to you with no interest
As a whole, I would prefer you to just make your reservation and then wait for the notice to send ISK once all reservations are in and all questions posted in this thread have been answered, but it is up to you. In either case, please confirm by posting in this thread.
Okay, mark me down for a reservation of 100M worth of shares, and I'll wait until you give the go-ahead before I send the ISK.
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Salpad |
Valandril
Exiled.
Un-Natural Selection
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Posted - 2008.06.15 19:54:00 -
[29]
I'll reserve 100shares for 100mil isk. Will wait for "go" with payment.
---
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Emotek
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Posted - 2008.06.15 19:57:00 -
[30]
Originally by: Maestro Del'Tirith
Edited by: Maestro Del''Tirith on 15/06/2008 19:37:34
Originally by: Emotek
I would like to reserve 500 shares for 500 million ISK.
There are only 250 shares outstanding. I am not yet accepting 'default' reservations. Any reservations are also contingent on the individuals 'above the line' in my reservation post not asking for additional shares up to the newly communicated maximum. They still have half an hour to do this.
If you would like me to put you down for the 250 outstanding I can do so with that caveat. Let me know.
Yes, I would like this. Thank you.
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