Pages: 1 2 3 4 [5] 6 :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
MilowFV
Echo Heavy Industries
|
Posted - 2008.08.06 18:10:00 -
[121]
I was kind of surprised this one got off the ground with so much ISK. Looking at the intial comments on this IPO it just seem to risky for me to invest in so luckly for me I passed on it.
Anyway I do hope for the folks that did invest we see Quhegan stop by and post his side of the story, but I am guessing he is gone with what ever amount of 23 billion (?) he has left.
|
Jacks SmirkingRevenge
Caldari State War Academy
|
Posted - 2008.08.06 18:22:00 -
[122]
Well I sunk 400 mil into this venture. Can afford the loss. Disappointing end for my first involvement in an IPO though. More the fact that the isk has most likely gone to fund more capitals for Slacker/Spartan Industries fleet, the 2 corps backing the alt corp New Moon Industries.
I sent a private mail to quhegan a short time ago asking him to expain his actions, but no reply and he logged off a few mins later.
I guess this is more the rule than the exception in a game where we can all have multi anonymous alts though
|
cosmoray
Cosmoray Construction
|
Posted - 2008.08.06 18:27:00 -
[123]
Originally by: Jacks SmirkingRevenge Well I sunk 400 mil into this venture. Can afford the loss. Disappointing end for my first involvement in an IPO though. More the fact that the isk has most likely gone to fund more capitals for Slacker/Spartan Industries fleet, the 2 corps backing the alt corp New Moon Industries.
I sent a private mail to quhegan a short time ago asking him to expain his actions, but no reply and he logged off a few mins later.
I guess this is more the rule than the exception in a game where we can all have multi anonymous alts though
Never, ever say "I can afford the loss".
If you invest like you don't care, then you encourage the scammers to come out. Invest diligently or not at all. If you don't know what to invest in, but want to do something get an EBank account of buy some Ray bonds, just don't throw the money around.
|
Lubimchik
Power Seed Enterprises
|
Posted - 2008.08.06 18:31:00 -
[124]
Originally by: cosmoray
Originally by: Jacks SmirkingRevenge Well I sunk 400 mil into this venture. Can afford the loss. Disappointing end for my first involvement in an IPO though. More the fact that the isk has most likely gone to fund more capitals for Slacker/Spartan Industries fleet, the 2 corps backing the alt corp New Moon Industries.
I sent a private mail to quhegan a short time ago asking him to expain his actions, but no reply and he logged off a few mins later.
I guess this is more the rule than the exception in a game where we can all have multi anonymous alts though
Never, ever say "I can afford the loss".
If you invest like you don't care, then you encourage the scammers to come out. Invest diligently or not at all. If you don't know what to invest in, but want to do something get an EBank account of buy some Ray bonds, just don't throw the money around.
Well, from what I understand there is a large amount of players wanting to invest isk and not alot of investments to be had (Dont worry I am working on my own right now.. its gonna be a bit but im not a fly by night guy)
Perhaps someone that has experience with successfull investments could write an article that new investors could read and give them some insight, we arent looking for secerts just a general guide on investing.
|
cosmoray
Cosmoray Construction
|
Posted - 2008.08.06 18:35:00 -
[125]
Simple, don't trust any single person on this forum.
If someone launches an IPO don't trust it. Make the CEO remove ALL your doubts about why you shouldn't invest. Then find some more reasons why you shouldn't invest and ask those questions.
If at the end your satisfied, make your decision.
Oh yeah, make a reservation on lots of IPO's with statements like "pending audit". You can always back out later!
|
Jacks SmirkingRevenge
Caldari State War Academy
|
Posted - 2008.08.06 23:45:00 -
[126]
Well I just ran a locator on quaren/quhegan, looks like they're back out to 0.0 tribute with the stolen funds :)
|
Amarr Citizen 155
Alternative Methods Research Group
|
Posted - 2008.08.07 03:22:00 -
[127]
Originally by: Lubimchik
Well, from what I understand there is a large amount of players wanting to invest isk and not alot of investments to be had (Dont worry I am working on my own right now.. its gonna be a bit but im not a fly by night guy)
Perhaps someone that has experience with successfull investments could write an article that new investors could read and give them some insight, we arent looking for secerts just a general guide on investing.
Here's some advice, don't be stupid. I'm tired of people using the "I've got soo much isk so its ok to invest in stupid shit" excuse. Here's an article I just put together for investors to read over before they throw away their isk.
Step 1. Don't be stupid. Step 2. No amount of isk in your wallet makes it ok to be stupid. Step 3. The more you feed them, the more often they come back. (This is why Jita local is a waste of text). Step 4. When in doubt, see step 1. Step 5. A nobody comes into MD flapping his arms and says "boy are my wings tired".....MD response "here have some isk you tired tired bird". (and yes I know not all of MD is that stupid just some of you). Step 6. See step 1 again.
Quote: Ricdic (about starting ebank, July 2007): Think of it as a miniature EIB done right. I cannot see this getting anywhere near 700b any time in the future tbh.
|
Mephie
|
Posted - 2008.08.07 04:27:00 -
[128]
Damn, where were all these people when I opened my IPO? --Meph
|
Ricdics
Corporate Placement Holding
|
Posted - 2008.08.07 05:26:00 -
[129]
Sad to see this got anywhere near that level of investment. As I have been saying for some time now, an audit and API check is easily faked and should never be solely relied upon to determine one's choice to invest.
Hopefully the results of this issue will encourage people to slow down a bit. Don't just invest because the last guy is investing. Don't just invest because an audit was completed. Don't just invest because the guy answered all questions. Don't just invest because you can afford to lose it.
As Amarr said above, the more we give to these people "because we can afford to lose it" the more these people will come here attempting to scam.
Most investors were too interested in the audit itself and not even the viability of the business plan or the increased scalability. This OP should never have goten off the ground, this IPO should have not exceeded about 5b total. 30-40b from someone with zero historical investment data and zero historical posts in this area is pathetic.
Unless something changes in the next few days I suggest Kazzac reveal all of the person's internal information (API data, main's names, etc). I hope you had this in your clause as auditor Kazzac, that in the event of default/scam you would release this information to the public. |
Lubimchik
Power Seed Enterprises
|
Posted - 2008.08.07 05:45:00 -
[130]
Edited by: Lubimchik on 07/08/2008 05:45:23
Originally by: Ricdics Sad to see this got anywhere near that level of investment. As I have been saying for some time now, an audit and API check is easily faked and should never be solely relied upon to determine one's choice to invest.
Hopefully the results of this issue will encourage people to slow down a bit. Don't just invest because the last guy is investing. Don't just invest because an audit was completed. Don't just invest because the guy answered all questions. Don't just invest because you can afford to lose it.
As Amarr said above, the more we give to these people "because we can afford to lose it" the more these people will come here attempting to scam.
Most investors were too interested in the audit itself and not even the viability of the business plan or the increased scalability. This OP should never have goten off the ground, this IPO should have not exceeded about 5b total. 30-40b from someone with zero historical investment data and zero historical posts in this area is pathetic.
Unless something changes in the next few days I suggest Kazzac reveal all of the person's internal information (API data, main's names, etc). I hope you had this in your clause as auditor Kazzac, that in the event of default/scam you would release this information to the public.
Then we can get some torches and pitch forks and go in one massive blob into 0.0 to take this dude out!
I mean seriously.. you guys know how to play the market, who would run out of money first? A bunch of guys ratting in 0.0 who probably rely on you guys for your ships, or the people who know the market like Santa Claus knows just how many cookies to eat before he can't get down the chimney!
What really needs to happen is that you guys need a large alliance of PvPers just standing by to grief the heck out of anybody that thinks about scamming you!
|
|
Mephie
|
Posted - 2008.08.07 05:47:00 -
[131]
Originally by: Lubimchik
What really needs to happen is that you guys need a large alliance of PvPers just standing by to grief the heck out of anybody that thinks about scamming you!
They're so much money being tossed around MD these days, I'm surprised the Merc corps arent in scam threads bidding for the wardecs. --Meph
|
Quhegan
New Moon Industries
|
Posted - 2008.08.07 14:28:00 -
[132]
Edited by: Quhegan on 07/08/2008 14:28:12
Originally by: Ricdics
Unless something changes in the next few days I suggest Kazzac reveal all of the person's internal information (API data, main's names, etc). I hope you had this in your clause as auditor Kazzac, that in the event of default/scam you would release this information to the public.
Well all my chars are already stated in the OP. Don't think kazzac has that much to tell you that I didn't already tell you myself. This is accually the first time I have scamed in eve (or ever really). I kind of feel ashamed about it but its only a game so who cares.
|
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 14:32:00 -
[133]
Edited by: YouGotRipped on 07/08/2008 14:34:20
Originally by: Quhegan Edited by: Quhegan on 07/08/2008 14:28:12
Originally by: Ricdics
Unless something changes in the next few days I suggest Kazzac reveal all of the person's internal information (API data, main's names, etc). I hope you had this in your clause as auditor Kazzac, that in the event of default/scam you would release this information to the public.
Well all my chars are already stated in the OP. Don't think kazzac has that much to tell you that I didn't already tell you myself. This is accually the first time I have scamed in eve (or ever really). I kind of feel ashamed about it but its only a game so who cares.
Like I pointed out earlier the guy is a member of a PVP corp and could not care less what investors think of him after receiving the isk.
|
Jacks SmirkingRevenge
Caldari State War Academy
|
Posted - 2008.08.07 14:48:00 -
[134]
Originally by: Quhegan Edited by: Quhegan on 07/08/2008 14:28:12
Originally by: Ricdics
Unless something changes in the next few days I suggest Kazzac reveal all of the person's internal information (API data, main's names, etc). I hope you had this in your clause as auditor Kazzac, that in the event of default/scam you would release this information to the public.
Well all my chars are already stated in the OP. Don't think kazzac has that much to tell you that I didn't already tell you myself. This is accually the first time I have scamed in eve (or ever really). I kind of feel ashamed about it but its only a game so who cares.
hmmm, between quhegan and quaren (your main) I know you have at least 2 dreads. Guess if some mercs pop yer ships you won't be upset since 'it's only a game' :)
This corp was just a front for spartan/slacker industries to scam the public. I suggest no one have any business dealings with these corps or anyone connected with them in the future.
|
Aeon Lance
Caldari Lance Heavy Industries
|
Posted - 2008.08.07 15:05:00 -
[135]
Anybody wanna raise fund to pay a merc corp to hunt him down?
I'll put up 20 mil
Need weapons? Ammo? All at less than market price? Lance Heavy Industries |
Bad Bobby
Ugly Toys Zzz
|
Posted - 2008.08.07 15:14:00 -
[136]
Originally by: YouGotRipped Like I pointed out earlier the guy is a member of a PVP corp and could not care less what investors think of him after receiving the isk.
The fact that a person is in a PvP corp says nothing about how trustworthy they will be with an investor's isk.
Quhegan, I respect the results you achieved here although I wouldn't personally use your methods. How much did you manage to get away with in the end?
|
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 15:34:00 -
[137]
Edited by: YouGotRipped on 07/08/2008 15:34:28
Originally by: Bad Bobby
Originally by: YouGotRipped Like I pointed out earlier the guy is a member of a PVP corp and could not care less what investors think of him after receiving the isk.
The fact that a person is in a PvP corp says nothing about how trustworthy they will be with an investor's isk.
This is what allowed him to reveal multiple chars and create the appearance of trustworthiness.
|
Bad Bobby
Ugly Toys Zzz
|
Posted - 2008.08.07 15:49:00 -
[138]
Originally by: YouGotRipped This is what allowed him to reveal multiple chars and create the appearance of trustworthiness.
That's better.
As a PvPer I feel we get a hard enough time as it is, I don't want to see people assuming we are all scammers in waiting too.
|
Quhegan
New Moon Industries
|
Posted - 2008.08.07 16:38:00 -
[139]
TBH it was never about the money. I have always made enough money in eve to do what I wanted. I just wanted to test something I hadn't in eve before which was doing an IPO and then I just thought "I have never scamed anyone either" so I saw the chance to do 2 new things at the same time.
I haven't counted everything yet to see the exact take but it is about 12b + whatever I made off running the POSes for the 2 weeks since I counted last.
|
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 16:41:00 -
[140]
Edited by: YouGotRipped on 07/08/2008 16:55:51
Originally by: Quhegan TBH it was never about the money.
I don't believe you wanted to scam from the start it's just that running reactions is getting boring after a while, and since laziness is something that affects us all at some point, you just decided to post it as a scam. If you really want to you could give a small amount of isk back to your investors by paying dividends and everyone will be happy.
|
|
cosmoray
Cosmoray Construction
|
Posted - 2008.08.07 17:09:00 -
[141]
Originally by: Quhegan TBH it was never about the money. I have always made enough money in eve to do what I wanted. I just wanted to test something I hadn't in eve before which was doing an IPO and then I just thought "I have never scamed anyone either" so I saw the chance to do 2 new things at the same time.
I haven't counted everything yet to see the exact take but it is about 12b + whatever I made off running the POSes for the 2 weeks since I counted last.
Personally, I don't feel mad at you, or do I feel anything towards you.
I just hope this serves as a lesson to the people who did invest, most of which did so without asking any questions. The people who asked the good questions never invested, due to the holes in your plan (faction towers, etc..).
The fact is this IPO should never have got off the ground but you happened to be in the right place at the right time to pull off a scam. There was too much money chasing too few investments. The secondary market will bed down for a bit, learn its lessons for a few months then another will pop-up and take money off the lemmings again.
Reithe > Wylker > Quhegan.
No one special
Have fun with the funds.
|
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 17:19:00 -
[142]
Edited by: YouGotRipped on 07/08/2008 17:21:39
You can still make things right again Quhegan.
|
VIncent Vance
Gallente E.M.P. Industries Malum Exuro
|
Posted - 2008.08.07 18:27:00 -
[143]
Edited by: VIncent Vance on 07/08/2008 18:27:11
Originally by: YouGotRipped Edited by: YouGotRipped on 07/08/2008 17:21:39
You can still make things right again Quhegan.
Can but won't. I only regret we didn't nab more of his towers.
|
Quhegan
New Moon Industries
|
Posted - 2008.08.07 19:01:00 -
[144]
Originally by: VIncent Vance Edited by: VIncent Vance on 07/08/2008 18:27:11
Originally by: YouGotRipped Edited by: YouGotRipped on 07/08/2008 17:21:39
You can still make things right again Quhegan.
Can but won't. I only regret we didn't nab more of his towers.
:D it was totaly worth it since it lead to the first nice fight I have had in ages
|
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 19:09:00 -
[145]
I guess there's no point in coaxing scammers into paying back what they stole... we should leave this thread to die.
|
Kris Longknife
|
Posted - 2008.08.07 19:22:00 -
[146]
wow, this is the first time I've thought about investing in an IPO and the first post I read in this section of the forum. It had me going so well that before i was halfway down the pages I had already added this guy to my address books so i could convo him in game to send him my money.... then i finished reading the rest of the posts.
Scary how will a nublet like I ever survive
|
Quhegan
New Moon Industries
|
Posted - 2008.08.07 19:24:00 -
[147]
Originally by: YouGotRipped Edited by: YouGotRipped on 07/08/2008 16:55:51
Originally by: Quhegan TBH it was never about the money.
I don't believe you wanted to scam from the start it's just that running reactions is getting boring after a while, and since laziness is something that affects us all at some point, you just decided to post it as a scam. If you really want to you could give a small amount of isk back to your investors by paying dividends and everyone will be happy.
Acually the idea came like this: I wanted a new way to make money that I hadn't tried. Thought I would give POSes a go so I sat down and did the math. I never found a good system though so it never got started(this was like 5 months back). I have also thought of doing an IPO sometime and running it and then leaving with the isk but never had a good idea to start an IPO with and I thought that there were no more IPOs until I found this forum. Then after school got out and I had a week or 2 before I started my summer job I alot of time and I found a quiet lowsec with alot of empty moons so I started my POS buisness. I decided that I could probably run an IPO with this so after running it for a while I started the IPO with the intention of it being a scam. The more I thought about it though when the IPO was launched the more I wanted to run the thing honestly for as long as possible so when I finaly got started I was planning on running it for a while. Then my gf got her vacation and started bugging me that I was logging on all the time to do stuff in eve(normally I am in school 3-4 hours a day and she works 9 hours a day so I have plenty of time for eve). Also now that I was working 9 hours a day it became less and less fun to waste that time on EVE so finaly I decided to take the POSes down anyway.
As for SPA, they really didn't have anything to do with it except that I knew they would happily help me defend them.
And as for making it right, why? Not like anyone would trust me again anyway so might aswell keep the isk.
|
Quhegan
New Moon Industries
|
Posted - 2008.08.07 19:28:00 -
[148]
Originally by: Kris Longknife wow, this is the first time I've thought about investing in an IPO and the first post I read in this section of the forum. It had me going so well that before i was halfway down the pages I had already added this guy to my address books so i could convo him in game to send him my money.... then i finished reading the rest of the posts.
Scary how will a nublet like I ever survive
From what I can gather from this forum is that the only reason IPOs work here at all is that there are enough honest people doing them that you can spread your investments enough to be able to make a nice profit even if one is a scam.
Also alot of them arn't for enough isk for it to be worth your reputation.
|
YouGotRipped
Ewigkeit
|
Posted - 2008.08.07 20:07:00 -
[149]
Originally by: Quhegan
The more I thought about it though when the IPO was launched the more I wanted to run the thing honestly for as long as possible so when I finaly got started I was planning on running it for a while.
This type of "honest" scams are very hard to detect though I knew something was wrong and I insisted you started with the lowest amount of isk possible.
|
TheG2
Gallente Dirty Rotten Scoundrels
|
Posted - 2008.08.07 20:34:00 -
[150]
Placid loop is hardly a quiet place to start POS's, they tend to fall within the first 5 days of going up. ;)
|
|
|
|
|
Pages: 1 2 3 4 [5] 6 :: one page |
First page | Previous page | Next page | Last page |