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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.
--
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.
----------------------------------------------
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.
--
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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Maestro Del'Tirith
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Posted - 2008.06.15 20:11:00 -
[31]
Edited by: Maestro Del''Tirith on 15/06/2008 20:11:24
All shares have been reserved. I am now accepting wait list reservations. To get on the wait list, simply post how many shares you would like to reserve on the wait list. Once the deadline for investors to send in their ISK has been met, any unsent amount will be available as options to those on the wait list.
Emotek - unfortunately Salpad had dibs on 100 shares, leaving 150 for you. I have placed the other 100 on the wait list. If you would like to increase this to encompass the full 500 you originally wished to invest I can do so.
Valandril - your request is also on the wait list
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Maestro Del'Tirith
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Posted - 2008.06.15 20:16:00 -
[32]
Edited by: Maestro Del''Tirith on 15/06/2008 20:20:00
Folks,
I'll be frank, I did not think this would fill up this quickly. I absolutely expected to be grilled for a day or so and to see investment trickle in. That said, it has been my intention to start this off on Wednesday, June 18 and I will keep to that plan.
Please send all ISK up to your reservation to this character by end of day June 17, and I will send the dividend shares. Any shares not claimed by end of day, game time, June 17 will be made available to the next person on the wait list.
I'm happy to still answer any and all questions of my investors, and will be providing updates on dividend pay days, which will be July 18, August 18, and September 18.
Note: Just want to underscore - funds are due on reservations by end of day June 17. I will be starting June 18 so want to have all funds collected by then.
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Emotek
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Posted - 2008.06.15 20:30:00 -
[33]
Originally by: Maestro Del'Tirith
Edited by: Maestro Del''Tirith on 15/06/2008 20:11:24
All shares have been reserved. I am now accepting wait list reservations. To get on the wait list, simply post how many shares you would like to reserve on the wait list. Once the deadline for investors to send in their ISK has been met, any unsent amount will be available as options to those on the wait list.
Emotek - unfortunately Salpad had dibs on 100 shares, leaving 150 for you. I have placed the other 100 on the wait list. If you would like to increase this to encompass the full 500 you originally wished to invest I can do so.
Valandril - your request is also on the wait list
I have sent 150,000,000 ISK for 150 shares @ 10% per share. I would like to place 500 shares total on the wait list. Thank you.
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Maestro Del'Tirith
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Posted - 2008.06.15 20:56:00 -
[34]
Sure thing.
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Finedele
Caldari Provisions
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Posted - 2008.06.15 21:05:00 -
[35]
put me on for 500 mio plz
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Seroster
Vegrandis Muneris
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Posted - 2008.06.15 21:16:00 -
[36]
Sent 100mil for 100 shares
---
Originally by: Clytamnestra
A sweeping, flawed premise voids the rest of your discussion. You might want to keep that in mind for your next post.
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Kwint Sommer
Lothian Quay Industries
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Posted - 2008.06.15 21:33:00 -
[37]
Originally by: Amarr Citizen 155
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.
Ah, time is money and Ricdic is usually right. Why think for yourself when you can turn a decent profit as a lemming? 
Purchasing and Shipping Moon Minerals |
Salpad
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Posted - 2008.06.15 21:58:00 -
[38]
I've sent the 100M ISK to Maestro Del'Tirith.
--
Salpad |
Alatar IthrynLuin
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Posted - 2008.06.15 22:04:00 -
[39]
100M ISK send to Maestro Del'Tirith.
Please put me on the waiting list for another 100 shares please!
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Athre
The HIgher Standard
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Posted - 2008.06.15 22:39:00 -
[40]
well goodness, this thread still went fast.
If you decide to increase your venture I'd reserve 100m as well.
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Salpad
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Posted - 2008.06.15 23:17:00 -
[41]
Originally by: Athre
well goodness, this thread still went fast.
If you decide to increase your venture I'd reserve 100m as well.
I'm new to investment, so I wouldn't want to invest more if the OP expands his scheme, but it might be worthwhile for him to expand the scope from 2G ISK to perhaps 3G ISK, given the great interest that many has shown.
--
Salpad |
Petyr Baelich
Taggart Transdimensional
Virtue of Selfishness
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Posted - 2008.06.15 23:46:00 -
[42]
250M sent for 250 shares.
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Maestro Del'Tirith
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Posted - 2008.06.16 04:14:00 -
[43]
Edited by: Maestro Del''Tirith on 16/06/2008 04:15:07
In order to protect the interest of investors and my own integrity, I will not be expanding the size of this offering or requesting additional capital without first closing this out completely as stated in the original announcement. I would rather execute a successful 10% bond on 2B than an unsuccessful 10% bond on any amount.
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Maestro Del'Tirith
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Posted - 2008.06.16 04:36:00 -
[44]
I have received funds and provided shares in return to the following individuals:
Alatar IthrynLuin
Seroster
Emotek
Salpad
Petyr Baelich
Xantheris
I have also updated the reservation post to also indicate which have been executed and how many have been executed so far. At this point, there are enough waiting list requests to cover all of the shares not already executed, should every single individual with reservations withdraw. That said, I will continue to place names with share #s on the waiting list if requested, and will leave this list present. I believe it may be a helpful tool in the future for any individuals looking to sell their shares before the bond expires.
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Frenzei
Fortuna inc.
101010 Alliance
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Posted - 2008.06.16 05:00:00 -
[45]
Although i was unable to invest in you this time. I wish you the very best if luck in executing your plan.
We'll be chatting |
ge jaco
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Posted - 2008.06.16 05:21:00 -
[46]
I would like to reserve 20 shares as 20M isk.
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Maestro Del'Tirith
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Posted - 2008.06.16 06:15:00 -
[47]
Edited by: Maestro Del''Tirith on 16/06/2008 06:15:15
Originally by: ge jaco
I would like to reserve 20 shares as 20M isk.
I have placed you on the wait list.
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Salpad
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Posted - 2008.06.16 06:18:00 -
[48]
I have received my 100 shares.
--
Salpad |
Maestro Del'Tirith
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Posted - 2008.06.16 06:32:00 -
[49]
I have created an in-game channel for shareholders to ask questions or provide comments. The name of the channel is 'DELTI' which is the stock ticker for the bond. I am not expecting much traffic, obviously, but wanted to offer it for anyone interested and as a venue for questions over the next three months.
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Salpad
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Posted - 2008.06.16 10:08:00 -
[50]
Originally by: Maestro Del'Tirith
Edited by: Maestro Del''Tirith on 16/06/2008 04:15:07
In order to protect the interest of investors and my own integrity, I will not be expanding the size of this offering or requesting additional capital without first closing this out completely as stated in the original announcement. I would rather execute a successful 10% bond on 2B than an unsuccessful 10% bond on any amount.
That probably for the best.
I hope you do well, though. If you do, I'd be willing to invest 500M the next time around.
--
Salpad |
William Baring
Barings Trade And Finance
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Posted - 2008.06.16 10:44:00 -
[51]
100M ISK send to Maestro Del'Tirith fof 100 shares
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Nonym Ous
Ad Astra Vexillum
Hydra Alliance
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Posted - 2008.06.16 10:58:00 -
[52]
100M ISK sent, and 100 shares received
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Maestro Del'Tirith
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Posted - 2008.06.16 10:59:00 -
[53]
Edited by: Maestro Del''Tirith on 16/06/2008 11:00:08
Almost all investors have sent their ISK and received shares in return. Between the two outstanding reservations and the wait list, I feel comfortable that this venture will be moving forward on Wednesday.
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Kazzac Elentria
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Posted - 2008.06.16 12:58:00 -
[54]
If enough people back out, or you choose to expand keep me in mind for any remainder you might need. |
Pwett
QUANT Corp.
QUANT Hegemony
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Posted - 2008.06.16 19:45:00 -
[55]
Aww, I was away on a corp outing for the weekend, I'd like to be thrown on the 100M waiting list please. :(
_______________
Pwett
CEO, Founder, & Executor
<Q> QUANT Hegemony
|
Athre
The HIgher Standard
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Posted - 2008.06.17 00:08:00 -
[56]
Edited by: Athre on 17/06/2008 00:09:05
Maestro,
Thank you for allowing a pending isk transaction, in the event my wait list is accepted. I understand if those before me pay up my isk will be returned. I will be out for a week and am unsure if I will have internet access or not.
100m isk sent.
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Maestro Del'Tirith
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Posted - 2008.06.17 07:22:00 -
[57]
Originally by: Athre
Thank you for allowing a pending isk transaction, in the event my wait list is accepted. I understand if those before me pay up my isk will be returned. I will be out for a week and am unsure if I will have internet access or not.
100m isk sent.
Confirmed 100mil transfer and placed in seperate wallet division, I will transfer back remaining after reserves are in to you directly.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.17 12:44:00 -
[58]
I will have mine paid within the next few hours.
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Roguehalo
RH Ship Brokers
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Posted - 2008.06.17 14:51:00 -
[59]
cancelling my reservation..........im unfortunately pouring far too much isk into fw 
gl with your venture tho
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Maestro Del'Tirith
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Posted - 2008.06.17 14:56:00 -
[60]
All investments have been received except for Roguehalo who is cancelling his reservation. Emotek has first option to purchase the outstanding shares, and I have sent him an in-game mail notifying him of this option. If he should determine that he does not wish to increase his stake, I will go down the wait list in the order presented on the first page of this thread.
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Emotek
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Posted - 2008.06.17 17:17:00 -
[61]
I have sent 200,000,000 ISK for the remaining 200 shares. Thank you.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.17 17:59:00 -
[62]
I think the way this Bond offering has been handled from start to finish is something that should be studied by other people looking to get into this kind of offering.
* It's direct
* To the point
* Informative without putting you to sleep
* Well structured and looks to have actually taken more than 10 minutes to write up
* Excellent communication from start to finish
* It has a buyback or exit option in play
* The FAQ avoids having answers throughout the thread, keeps it nice and clean for the prospective investor.
* The OP has a prior MD history (albeit short lived, it still shows an interest in the field, and not just for the money)
* Zero hostility, willingness to go provide answers to anyone who requests them.
* An audit trail performed by Kazuo (spectacularly as per normal)
* A communications link opened (via mailing list)
* And once more, clear and concise communication in all aspects thus far of the operation.
Even if Maestro was to call scam right after he sees receipt of Emotek's isk above, he has still written the kind of offering I would generally invest in. That's not to say every point above needs to be filled, but they should be looked at as important methods when looking to buy trust.
This kinda works both ways however, in that it could also work as a guide for scammers, however it seems that 90% of scammers that try to get anywhere on MD are too stupid to research their target before unraveling their plan and as such end up with either a pitiful score or a failed offering.
With Riethe I was annoyed at the scam twofold. The social engineering and the lost potential. In the GD forums now Riethe has an incredibly innovative and intriguing idea he is trying to propose however I fear it will never truly get anywhere as he sold his soul well below it's true value.
If Maestro were to scam the social engineering hasn't occured, however the loss in potential would be most disturbing. As with Riethe now, he chose the path of a quick gain and I believe he will (if he hasn't already) come to regret those choices he made in the long term
Got a bit sidetracked here, but there you go. Good luck with the operation, I look forward to seeing where you take things from here on out.
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Salpad
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Posted - 2008.06.17 19:41:00 -
[63]
Originally by: EBANK Ricdic
* An audit trail performed by Kazuo (spectacularly as per normal)
Kazuo's recommendation was what made me go for this bond.
Otherwise I'd probably have been wary of it, and would have preferred to invest in a lower-interest bond (yes, lower) of, say, 7% or 8%, since that sounds more realistic to me.
--
Salpad |
Maestro Del'Tirith
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Posted - 2008.06.17 20:24:00 -
[64]
I acknowledge receipt of 200m from Emotek and have provided the final shares. All shares have been issued. I will post a final startup report in this thread in a similar format to what I will be using later on for consistency sake.
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Maestro Del'Tirith
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Posted - 2008.06.17 20:35:00 -
[65]
Edited by: Maestro Del''Tirith on 17/06/2008 20:35:17
Originally by: EBANK Ricdic
* A communications link opened (via mailing list)
I actually created a channel rather than a mailing list, and reading this that was silly of me. I had never created or used a mailing list before so hadn't really thought of it.
DELTI now has a mailing list: DELTIMail
Subscription is currently open however if it becomes a problem I will limit it to share holders. I will only mail periodic updates or important notices.
I appreciate your kind remarks Ricdic...I believe the good examples I have seen elsewhere are where the credit is due. I hope I can maintain reasonable standards throughout the life of the bond.
On Kazuo: For those considering an offering, I highly recommend him as an auditor. He is easy to work with, provides the service free of charge, and has a candor which is frankly very beneficial to the overall comfort level investors have in the offering. If he has significant concerns with the viability of the offering, it probably means you should be reconsidering anyway.
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Maestro Del'Tirith
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Posted - 2008.06.17 21:06:00 -
[66]
Originally by: Maestro Del'Tirith
Originally by: Athre
Thank you for allowing a pending isk transaction, in the event my wait list is accepted. I understand if those before me pay up my isk will be returned. I will be out for a week and am unsure if I will have internet access or not.
100m isk sent.
Confirmed 100mil transfer and placed in seperate wallet division, I will transfer back remaining after reserves are in to you directly.
100m has been returned to Athre's personal wallet as per the agreement stated above. Total public funds accepted is only, as stated, 2B.
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Maestro Del'Tirith
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Posted - 2008.06.17 21:17:00 -
[67]
Edited by: Maestro Del''Tirith on 17/06/2008 21:25:02
PLEASE BEAR WITH THIS POST AS I AM WORKING OUT HOW TO PROPERLY POST A TABLE ON THE FORUMS...I WILL REMOVE THIS TEXT ONCE I FEEL COMFORTABLE THAT THINGS LOOK CORRECT
DELTI June 18, 2008 Financial Report
Assets
------
Wallet Balance...................2,101,478,265.97
Escrow Balance..................................0
Sales Inventory Value...........................0
Speculative Holdings Value......................0
Liabilities
-----------
Principle Owed...................2,100,000,000.00
First Dividend Payable.............210,000,000.00
Second Dividend Payable............210,000,000.00
Third Dividend Payable.............210,000,000.00
Total Nav.........................-628,521,734.03 (Assets - Liabilities)
Current Owed Toward Next Dividend...............0 (changes daily)
Current Liquidation Value............1,478,265.97 (Assets - Principle - Current on Dividend)
Disclaimer: This report is not audited by a third party. This report is not in any way indicative of any value owned by the shareholders - at this time DELTI has only issued bond shares, and the only inherent value in them is their maturity value and interest accrued. It is for informational purposes only.
Note on calculations:
-Escrow is Market Escrow in game
-Sales inventory value is calculated as current for-sale price. This has inherent inaccuracies that are acknowledged, but cuts down on the busy work to report
-Speculative Holdings value is calculated as the market value of the minerals at the time they were recorded/logged. They are longer term investments and so will not value in a manner positive to overall NAV until sold.
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Alatar IthrynLuin
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Posted - 2008.06.19 05:49:00 -
[68]
Shares received...looking forward to a productive 3 months!
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Maestro Del'Tirith
Del'Tirith Holdings
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Posted - 2008.06.26 09:41:00 -
[69]
Viability Report
In speaking with some investors in game, I agreed to provide a 'viability report' after the first week. In general, the idea is to specify whether I feel the bond will be continuing and provide some feedback on how well things are going.
In light of this I am posting a quick update. Further details will be forthcoming on the date of the first dividend payment.
The funds have been progressing well in trading. The current NAV of DELTI is approximately 2,505,698,340. Funds to support the first dividend payment are therefore already accessible, and I obviously hope to continue to grow the assets. DELTI made several purchases which are currently dubbed 'Speculative Holdings' and therefore valued below current market value. DELTI also made a few 'fun' purchases in support of its CEO which are not included as part of the NAV.
At this time I have no reason to believe that this bond will not continue for the complete cycle and pay dividends as expected.
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Nonym Ous
Ad Astra Vexillum
Hydra Alliance
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Posted - 2008.07.12 17:34:00 -
[70]
Hey, I'd just like to request an update. We're less than a week away from the first payment, and I haven't heard anything in here or in the mailing list in over 2 weeks. Thanks :)
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Maestro Del'Tirith
Del'Tirith Holdings
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Posted - 2008.07.13 03:30:00 -
[71]
Edited by: Maestro Del''Tirith on 13/07/2008 03:30:44
I have been off and on available - I had to make a significant move with some of my coworkers, which cut back on operations a bit. That said, I was able to achieve returns sufficient to cover the first payout prior to this, so there will be no noticable effect for bond holders. The corporation has also purchased a 90d GTC for myself, and still has more than sufficient funds to cover all principle and interest due to date. I'll be investing some of the additional funds off the top into the Plato investment along with my own funds, since frankly it has grown to a point where it is difficult to keep all of the ISK in play to grow. I'll be posting a balance report within these forums on the date of the first dividend payout, and providing some additional details via the mailing list for bond holders.
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