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Ulecese
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Posted - 2008.08.23 12:11:00 -
[1]
Ihatalo Research and Development [IRD] Bond Offering
Introduction. As part 2 of our second investment phase, [IRD] is issuing 15 bonds. Each bond costs 1 Billion ISK and will have an average monthly return of 9.73% (0.32% calculated on a daily basis). The bond period will last for 12 months, paying interest due on the 25th of each month up until and including the 12th and final month at which time bonds will be repurchased for 1 Billion ISK each.
Who are we? [IRD] is an established corporation that has been active for well over a year and has been running a very successful private IPO for the past 8 months which is Invention/T2 production based. Our past IPO history can be viewed on the ingame mailing list 'IRD INVEST', and also on our IGB shop website here via the Investor Reports link. The website provides plenty of information about what we do, how we are making money, and the scale of our production capabilities.
Risks. There are always risks with any investment - nothing is 100% safe. I have been stung by scams in the past, and I have also thwarted scam attempts (Link).
I believe that I have done enough business with many big players in EVE to prove I am legitimate. I have zero intention of going awol with investors money as my reputation and how I am percieved by those I deal with is priceless. I own a mini empire of corporations (search Ihatalo in corporations to get an idea of my little empire) with over 100 members under my employment. To put it bluntly, it would be ******ed for me to do anything other than what I am promising to do in issuing these bonds. If that isn't good enough for you to invest then by all means, don't.
How will I put the money raised to use? I will not be attempting anything new here to make money, I will stick to what I know best. In the invention and T2 production industry I know what works and what doesn't so it is well within my ability to deliver what I promise.
Why go Public. The main reason is to expand into another area of the EVE community I haven't explored yet - Public Interest. So far, Ihatalo has been relatively private in EVE and this move will hopefully gain me more business associates, attract buyers to our products, and ultimately assist my little empires growth.
Investment conditions. Following this post there will be a list with numbers 1 to 15 which represent 1 bond each. I will accept reservations in this thread and add names to the list based on reservations that person makes. There is no limit to how many bonds one person can own, It's a first come first served basis.
Once you have made a reservation I add you to the list, contact you ingame and walk you through setting up your investors account with our website (that incidently grants you a 10% discount on anything we stock in the shop). Do not send any ISK until I have contacted you.
The first interest payment will be paid on the 25th of September, and every consecutive 25th thereafter. Bonds may be traded or sold providing I supervise the trade as I have to update the database. If I am not present during a trade or sale then as far as im concerned it didn't happen.
After a period of 3 months (and then only at my discretion) you may sell bonds back to me for 100% of their purchase price - this will however forfeit any future interest payments you would have been entitled to.
Happy Investing, Regards Ulecese
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Ulecese
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Posted - 2008.08.23 12:13:00 -
[2]
Ihatalo Research and Development Bond Holders
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Shadarle
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Posted - 2008.08.23 15:48:00 -
[3]
Originally by: Ulecese After a period of 3 months (and then only at my discretion) you may sell bonds back to me for 100% of their purchase price - this will however forfeit any future interest payments you would have been entitled to.
Doesn't the bolded section kind of make the rest of your buyback plan rather useless? By that I mean, it seems that at all times buyback is at your discretion. You will just decide against it 100% of the time before 3 months and who knows, you may not allow it after either. IMO for it to be a real buyback policy you have to accept buybacks after that period regardless. You can set a limit on how many per month, but saying at your discretion makes it rather meaningless imo.
As to the rest of your IPO I don't have much to say. I don't know you and thus don't know if you can be trusted. You should have some of those people you've done business with post here.
You're asking for 15 billion ISK, which is a pretty large IPO for someone people may not know.
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Ulecese
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Posted - 2008.08.23 16:36:00 -
[4]
Edited by: Ulecese on 23/08/2008 16:42:18
Originally by: Shadarle
Originally by: Ulecese After a period of 3 months (and then only at my discretion) you may sell bonds back to me for 100% of their purchase price - this will however forfeit any future interest payments you would have been entitled to.
Doesn't the bolded section kind of make the rest of your buyback plan rather useless? By that I mean, it seems that at all times buyback is at your discretion. You will just decide against it 100% of the time before 3 months and who knows, you may not allow it after either. IMO for it to be a real buyback policy you have to accept buybacks after that period regardless. You can set a limit on how many per month, but saying at your discretion makes it rather meaningless imo.
As to the rest of your IPO I don't have much to say. I don't know you and thus don't know if you can be trusted. You should have some of those people you've done business with post here.
You're asking for 15 billion ISK, which is a pretty large IPO for someone people may not know.
Having read this the way you have read it and interpretated it I can see your point and how it has been misunderstood. Let me try to clarify this for you as best I can.
This bond offering is meant to be for a fixed period of 12 months. By purchasing a bond you are in effect, buying into a contract that is 12 months in duration and pays you a fixed annual return in 12 instalments - which works out at around 9.73% per month (3.2m per day on a 1B Bond).
On the final month I will then repurchase the bond in full. That is the agreement when buying any of these bonds.
Now, after 3 months I will give the BondHolders the option to sell bonds back to me at cost price If it is within my means to do so. This is what I had meant by 'at my discretion'. It does not mean I can force you to sell it back to me. You sell it back to me only if we both agree to it when the time comes - the contract works both ways, I am bound to it, as is the investor.
As for people I have dealt with, I am not one to name drop or force someone into this thread if they do not wish to be.
These people I have dealt with, some in business transactions, some in joint ventures, know who they are and have my permission to confirm any business dealings we have had in the past along with providing a character reference on me if they see fit.
//edit I have added a bolded Notice clarifying the point that Shadarle raised.
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Varnon
Di-Tron Heavy Industries Atlas Alliance
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Posted - 2008.08.23 16:48:00 -
[5]
i'd like to reserve two of these bonds
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Florecia Sui
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Posted - 2008.08.23 16:49:00 -
[6]
I would like to reserve three (3) of these bonds.
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Jhebbal Khan
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Posted - 2008.08.23 17:22:00 -
[7]
I'd like to reserve two bonds.
Thanks.
Jhebbal Khan |
Ulecese
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Posted - 2008.08.23 17:28:00 -
[8]
Thank you for your interest! The list of bondholders has been updated with reservations. I will contact those who have made reservations within the next hour.
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Iknota
Dynasty Banking
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Posted - 2008.08.23 17:34:00 -
[9]
Dynasty Banking would like to reserve 2 Slots (2 Billion) All work and no play makes Iknota a dull banker. |
Ulecese
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Posted - 2008.08.23 17:42:00 -
[10]
table updated...
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2008.08.23 17:56:00 -
[11]
I'd like to reserve 2 bonds, pending an audit either by myself or by some other person we can both trust, and posts from at least 2 other people who have previously invested in you. I know perfectly well that you can't force people to post here, but you can at least request that they do so. Zzz research towers Direrie NEW: Liekuri
20:1 low-end compression |
Shadarle
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Posted - 2008.08.23 17:58:00 -
[12]
A whole lot of nobodies buying bonds here. Either this guy knows a lot of people that never visit these forums... or it's a very wise way of drawing interest.
Either way, I'll be surprised if any regular here invests with the total lack of name recognition. There is nothing to this bond other then "invest in me cause im good at making money". Not enough for me.
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Praetorian I
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Posted - 2008.08.23 18:15:00 -
[13]
Edited by: Praetorian I on 23/08/2008 18:17:17 Thanks for saving me the effort of tracing people's forum history.
Edit: Though admittedly, 1b in one venture would basically be putting my eggs in someone elses basket.
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Dranakolys
Gallente Theurgy
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Posted - 2008.08.23 18:23:00 -
[14]
12 Months?
That's a very long time for you to get bored with EVE or burnt out.
Such a long term investment just doesn't seem like a good idea, even though your return is good.
Why do you need public capital for an operation that has been running for over a year? _______________
Amused to Death |
Dealema
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Posted - 2008.08.23 18:27:00 -
[15]
I would like to reserve 4 bonds (4bn) under the same conditions as Kazou.
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Ulecese
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Posted - 2008.08.23 18:49:00 -
[16]
Originally by: Shadarle A whole lot of nobodies buying bonds here. Either this guy knows a lot of people that never visit these forums... or it's a very wise way of drawing interest.
Or they respectfully convoed me ingame, asked questions, asked for proof, and were satisfied with what I provided them. Rather than making a mess of my thread with your theories why don't you contact me ingame and I will happily prove to you I am capable of what I say I am.
Originally by: Shadarle
Either way, I'll be surprised if any regular here invests with the total lack of name recognition. There is nothing to this bond other then "invest in me cause im good at making money". Not enough for me.
Do you have proof that you are indeed qualified to offer your opinions and theories? Your posts are nothing but talk and I see no proof that you know what you are ranting about sometimes, however intelligent it appears.
Seriously, stop bashing people man. You used to post in an intelligent and meaningful manner and I enjoyed reading your posts... but nowadays you just reply to peoples efforts with borderline hostility. Did something bad happen to you recently? Wife cheat on you perhaps? If so then you have my sympathy but please go take out your frustration on some smacktards rather than being a grumpy old git
It's likely there has been little recognition due to the fact that most of the people who could give it are probably still in bed or work (AUS, US & GMT Timezones).
Its been just under 5 hours since I posted man, give it time.
Anyway, convo me if you want to see my 'proof', whether it changes your judgement of me is anyones guess...
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Ulecese
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Posted - 2008.08.23 18:57:00 -
[17]
Originally by: Dranakolys 12 Months?
That's a very long time for you to get bored with EVE or burnt out.
Such a long term investment just doesn't seem like a good idea, even though your return is good.
Why do you need public capital for an operation that has been running for over a year?
I've been playing Eve for years and never got sick of things yet. I don't play it for personal gain but rather the sence of community, freindship, and teamwork and I feel this keeps Eve fresh.
The reason why I have decided to 'go public' is to experience the EVE community I haven't explored yet - Public Interest. As started in the original post, Ihatalo has been relatively private in EVE and this 'venture' will hopefully gain me more business associates through exposure and attract traders to our products in our shop.
One key fact you should have picked up on is im giving investors discount priveliges to my IGB shop, 3 of which have already discussed making regular bulk weekly orders. If that isnt good business sence then what is???
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Shadarle
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Posted - 2008.08.23 19:02:00 -
[18]
Originally by: Ulecese Or they respectfully convoed me ingame, asked questions, asked for proof, and were satisfied with what I provided them. Rather than making a mess of my thread with your theories why don't you contact me ingame and I will happily prove to you I am capable of what I say I am.
You posted this here asking for money from the people of this forum. You are thus obligated to explain yourself here. If you didn't want to deal with the hassle of proving yourself here then you should not have posted here or asked for money here. If you don't wish to answer to criticism or questions people have then that just shows even more reason for people to be wary in investing in you. It shows off your character.
Originally by: Ulecese Do you have proof that you are indeed qualified to offer your opinions and theories? Your posts are nothing but talk and I see no proof that you know what you are ranting about sometimes, however intelligent it appears.
Seriously, stop bashing people man. You used to post in an intelligent and meaningful manner and I enjoyed reading your posts... but nowadays you just reply to peoples efforts with borderline hostility. Did something bad happen to you recently? Wife cheat on you perhaps? If so then you have my sympathy but please go take out your frustration on some smacktards rather than being a grumpy old git
I offer no qualifications nor do I expect people to take me any more seriously than anyone else. People are free to make up their own minds. They can decide if my opinion is more valid than yours for example. Anyone investing decides they trust you enough to invest. I personally, at this point, do not. And I refuse to go into a private conversation to get answers to a PUBLIC offering. If you wanted this to be private then you should not have posted it here asking for the public's money.
My real life situation has nothing to do with anything. I've actually been extremely kind to you so far, based on the total lack of quality in your offering so far. You've offered just about nothing to show why people should invest in you. Perhaps that will change, but I have been much harsher on people in the past.
Originally by: Ulecese It's likely there has been little recognition due to the fact that most of the people who could give it are probably still in bed or work (AUS, US & GMT Timezones).
Its been just under 5 hours since I posted man, give it time.
Then this is your own fault for posting this at the time you did without having your trusted business partners lined up to post. You should have had their permission to use their names in promoting yourself. If you have had good relations with them as you say then they should have no issues doing so. But don't blame others for your own shortcomings in your initial posts.
Originally by: Ulecese Anyway, convo me if you want to see my 'proof', whether it changes your judgement of me is anyones guess...
Again, this is a public offering. Answer things here if you have the ability to do so. I support the public market, not private offerings. Out of principle I couldn't invest in someone that can't answer public inquiries.
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Ulecese
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Posted - 2008.08.23 19:02:00 -
[19]
Not too bad, all bonds reserved.
Anyone who wants to put themselves down for a second chance offer incase a reservation falls through feel free to do so.
Thank you for those of you who have made reservations. I will be contacting you all over the course of this evening to walk you through setting up your Investor accounts.
Don't send any ISK as of yet until I have spoke to you ingame.
Regards Ulecese
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Ulecese
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Posted - 2008.08.23 19:17:00 -
[20]
Originally by: Shadarle
Stuff
There is enough information on the website to generate interest. It is a basic method that is effective in attracting smart investors and repelling tyre kickers. 'Get people in the shop rather than have them window shopping....'
If you cannot be bothered to research and ask questions about something you may want to invest in then you are a fool.
History of this Forum dictaits that those IPO's that give EVERY bit of information they possibly can to entice investors to part with their money turn out to be failures, scams, or no-shows 75% of the time.
Anyone lets just agree to disagree eh?
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Shadarle
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Posted - 2008.08.23 19:20:00 -
[21]
Originally by: Ulecese History of this Forum dictaits that those IPO's that give EVERY bit of information they possibly can to entice investors to part with their money turn out to be failures, scams, or no-shows 75% of the time.
Actually, it is much more common that people who show attitude and refuse to answer questions here turn out to be scammers/poor businessmen and aren't worthy of investment.
I will stand by the fact that if someone posts here asking for money here they should answer questions here. I have no need to search out each and every investment opportunity.
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Proton Power
Amarr Power Corrupts Tech
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Posted - 2008.08.23 19:28:00 -
[22]
TBH I agree with Shar some here. I had no clue who you were even, I was reading your thread before you even put the second post in it for reservations until I re-read it and seen you wanted 15bil not 1bil.
Instead of doing what he has done and ask for the info I just said screw it I won't invest.
Earn Isk on your Idle Isk Today! |
Shadarle
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Posted - 2008.08.23 20:09:00 -
[23]
Originally by: Proton Power TBH I agree with Shar some here.
Damnit, now you're going to make Shar come here and complain about being confused with me again!
I know, I know, everyone liked calling me Shar in DAOC/WOW too... but here we have a Shar too which complicates matters.
It even confuses things more since both of us are grumpy, mean, and demanding on these forums
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Ulecese
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Posted - 2008.08.23 20:22:00 -
[24]
I don't recall any point in this thread where I have refused information or not answered questions put to me - with the exception of dropping names.
I feel my presentation was best represented on my website; *Potential investors could view past orders and sales through the IGB shop admin panel *They find out who our staff are and who my alts are *They can see details of my skillsheets indicating what I am able to do *And also learn exactly what we invent, what we manufacture, and what we sell and how we turn this into profits...
How more transparent do I need to be?
@ Proton, ask your collegues you work with/for in ebank about me and this should clarify or atleast give some indication to what kind of business man I am.
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Dealema
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Posted - 2008.08.23 21:45:00 -
[25]
IŠll atempt to be available tomorow evening to deal with the transaction,etc. Will that be ok?
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Ulecese
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Posted - 2008.08.23 22:15:00 -
[26]
Originally by: Dealema IŠll atempt to be available tomorow evening to deal with the transaction,etc. Will that be ok?
Yes, anytime before 23:59 gametime will be fine.
regards Ulecese
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.08.24 01:47:00 -
[27]
I am going to assume the "previous business acquaintances can post" and the "aus timezone" to imply that I can post our history.
EBANK have had a few loans with Ulecese the largest being 12b. Of all these loans combined the total interest paid has come to approximately 7b. Short of one period where interest repayments weren't forthcoming (Ulecese contacted me privately to advise of RL difficulties resulting in the delay) Ulecese has been meeting his interest obligations on his loans without issue.
I cannot post the above without advising that Ulecese does currently have a loan active with EBANK to the tune of 12b.
If counting all previous and existing loans plus repayments it comes to the following:
Previous Loans - 15b total Existing Loan - 12b total Repaid amount - 21b total (previous loans + interest accrued)
Loan amount outstanding - 12.5b (currently meeting all interest repayment obligations)
Now I did take some interest in this offering for a few reasons. The first I would rather speak to Ulecese in private as it has no relevance to the public. The second is that it has a very healthy interest rate and (contrary to popular belief) we do enjoy our loan customers moving into the big bad world to start their own operations.
EBANK's reason for not investing is simply because we don't want to increase our risk exposure to one entity beyond it's current levels.
Final note (non-EBANK). I personally have shares in IRD. They have a mailing list and are very communicative with their investors. I have chatted with Ulecese quite indepth in game about many subjects and I personally believe him to be a pretty solid individual. When his RL issues occured he could have just cut and run (his outstanding loan was closer to 16b at the time) however he stayed in constant communication even having one of his director/friends contact me to advise of his difficulties.
Anyway people need to make their own decisions. I apologise Ulecese if I have provided too much information. Best of luck with your expansion mate.
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Shadarle
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Posted - 2008.08.24 02:10:00 -
[28]
I don't quite understand why he didn't announce all this himself initially, as it would be a means of verifying he has been good to his word so far. Or ask E-Bank to release his record at least.
The main thing I've been wondering this whole time is why he has been so hesitant to release information here. It would have removed a lot of the doubts I and PP and others had. That said, it seems to have sold out anyhow, so I guess it doesn't make a bit of difference
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Ulecese
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Posted - 2008.08.24 02:24:00 -
[29]
Originally by: EBANK Ricdic I am going to assume the "previous business acquaintances can post" and the "aus timezone" to imply that I can post our history.
EBANK have had a few loans with Ulecese the largest being 12b. Of all these loans combined the total interest paid has come to approximately 7b. Short of one period where interest repayments weren't forthcoming (Ulecese contacted me privately to advise of RL difficulties resulting in the delay) Ulecese has been meeting his interest obligations on his loans without issue.
I cannot post the above without advising that Ulecese does currently have a loan active with EBANK to the tune of 12b.
If counting all previous and existing loans plus repayments it comes to the following:
Previous Loans - 15b total Existing Loan - 12b total Repaid amount - 21b total (previous loans + interest accrued)
Loan amount outstanding - 12.5b (currently meeting all interest repayment obligations)
Now I did take some interest in this offering for a few reasons. The first I would rather speak to Ulecese in private as it has no relevance to the public. The second is that it has a very healthy interest rate and (contrary to popular belief) we do enjoy our loan customers moving into the big bad world to start their own operations.
EBANK's reason for not investing is simply because we don't want to increase our risk exposure to one entity beyond it's current levels.
Final note (non-EBANK). I personally have shares in IRD. They have a mailing list and are very communicative with their investors. I have chatted with Ulecese quite indepth in game about many subjects and I personally believe him to be a pretty solid individual. When his RL issues occured he could have just cut and run (his outstanding loan was closer to 16b at the time) however he stayed in constant communication even having one of his director/friends contact me to advise of his difficulties.
Anyway people need to make their own decisions. I apologise Ulecese if I have provided too much information. Best of luck with your expansion mate.
No problems mate, there is a few big players in the MD forum I have had business arrangements with so I knew one of you would eventually pop in and say hi
Anyway, I simply didnt want to start saying 'he will vouch for me' 'these will put in a good word for me' etc because it is not my place to to say others will vouch for me and its bad practice.
I actually thought I had been transparent enough with all the information I made available, but I guess there is no pleasing some people
I allowed Kazuo Ishiguro full access to all my business records to show I'm more than able to produce the results required, so hopefully he will write up a little summary of his audit.
On a slightly related topic, I'm still waiting for that list from you
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Ricdics
Corporate Placement Holding
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Posted - 2008.08.24 02:30:00 -
[30]
Originally by: Ulecese On a slightly related topic, I'm still waiting for that list from you
Hehe it's coming. I can barely log into Eve as I was downloading too much pron and got my internet shaped. The loading screen literally takes me 5-20 minutes to get into Eve and that assumes it doesn't time out halfway through.
It should also be noted that anyone who wants their EBANK records to be publicly is free to simply state this to be the case in their threads. I was a little worried at first about releasing this information as it wasn't directly requested (or at least not 100% clear). Anyway I will email you (through your EBANK listed email addy) with that list of Top 10 password free sites you requested. |
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