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Bond offering - 32% compounded over 4 months

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Stardust CEO Stardust Manufacturing	Posted - 2008.12.23 06:14:00 - [31] I think this bond was a masterstroke. From a DBANK employee offering it and retracting due to conflict of interest, to joking with me about it in another thread, to offering it and selling out, in a matter of hours. Brock is essentially betting 1b isk that DBANK will survive 4 months, and I think he'll win that bet.
Packtu'sa Nabaal Construction and Industrials Corp	Posted - 2008.12.23 06:19:00 - [32] Originally by: Stardust CEO I think this bond was a masterstroke. From a DBANK employee offering it and retracting due to conflict of interest, to joking with me about it in another thread, to offering it and selling out, in a matter of hours. Brock is essentially betting 1b isk that DBANK will survive 4 months, and I think he'll win that bet. I've made the exact same bet, except with 4bn behind it. If DBANK folds, I will have to cover that from somewhere else. Luckily I'm a bit more diversified, but still, it's an interesting thing to bet on nowadays. I wonder if there will begin to be trades of CDs closer to May? Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%)
Stardust CEO Stardust Manufacturing	Posted - 2009.01.20 22:09:00 - [33] What impact will DBANK folding (if it should come to pass) have on this bond?
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.01.21 00:02:00 - [34] Edited by: Brock Nelson on 21/01/2009 00:05:00 I've been waiting to hear from DBank's top man and frankly, he hasn't cleared the situation up any clearer than it was this morning. The effect of DBank folding on this bond will result in no interest being paid out, but investor will still get their original investment back. However, that will put a damper on Flux Tech's monthly profit. Right now, I've lost confidence in DBank; this is attributed to coincidental event including 2 employee quitting, 50 billion missing, scatter report of well known DBank employee being a scammer, and unsustainable liabilities. I have 2 main option here, one benefits Flux Tech and the other doesn't. I can either remove the risk mitigation fine print of this bond (which is basically what made this bond attractive right?) or don't. For the investors, depending on what I decided, I'll leave the outcome of the bond up to you guys. If I choose not to insure the bond Option 1: End the bond right now and get your money back plus 8% interest. Option 2: Continue with the bond, I increase the payout to 10% monthly (compounded 46%) but the bond will become risky. If I choose to continue insuring the bond Option 1: Terminate the CD with DBank and turn it into a regular 8% monthly bond with business plan and exit strategy changed. Option 2: Terminate the CD with DBank and turn merge this bond with the second bond Option 3: Continue with the bond as it is. Edit: Reason I can't decide between removing risk mitigation or not is because of the effect of the decision will have on my reputation. If I remove it, I'm essentially removing Flux Tech's liability that is tied to DBank and I would become known as the guy who changed the terms of the bond. I don't want to have trouble trying to raise capital, especially for one of my upcoming project in couple of months.
Stardust CEO Stardust Manufacturing	Posted - 2009.01.21 04:25:00 - [35] This bond was essentially a gamble, where if you won, you stood to make a lot of isk for nothing. The flip side of that is that now you're stuck for it if DBANK collapses. You securing the investment against the collapse of DBANK was the entire point of the bond. I like you, I like doing business with you, and I won't get my nose out of joint if this doesn't go as described. On that note, I want my 200m back soon(tm) with 8% interest, or I want the bond to continue for the full term with a guarantee from you that we'll get our full amount of isk and advertised interest, regardless of what should come to pass with DBANK.
Research Slots	Posted - 2009.01.21 04:47:00 - [36] Originally by: Stardust CEO This bond was essentially a gamble, where if you won, you stood to make a lot of isk for nothing. The flip side of that is that now you're stuck for it if DBANK collapses. You securing the investment against the collapse of DBANK was the entire point of the bond. I like you, I like doing business with you, and I won't get my nose out of joint if this doesn't go as described. On that note, I want my 200m back soon(tm) with 8% interest, or I want the bond to continue for the full term with a guarantee from you that we'll get our full amount of isk and advertised interest, regardless of what should come to pass with DBANK. This basically distills why everyone put money in. Investors were allowing you to gamble with their money on the chance of DBANK surviving 4 months with two outcomes; A: DBANK survives, you pay out partial interest and take a partial profit for the risk of acting as insurer, B: DBANK fails and you cough up assets to cover investment. You offered to act as insurer against the possibility of DBANK's collapse, and in the face of that possibility you're showing signs of not honoring your word, so basically we have: LOL MD, trust in space, LOLOL.
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.01.21 05:06:00 - [37] Well, like I said, I'm exploring my options right now. I'd like to hear from other investors.
Stardust CEO Stardust Manufacturing	Posted - 2009.01.21 05:12:00 - [38] I'm not getting hostile about this, I hope it doesn't sound like that. I just wanted to put forth my two preferred options. If I didn't think you'd handle this kind of event decently, I wouldn't have invested in you. On that note, it sounds like DBANK will stabilize, and all of this fuss might be for nothing.
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.01.21 05:21:00 - [39] With EBank backing up Dbank (with board approval pending), I'm leading toward to keeping the insurance aspect in the bond. 10% for Returning Customers
cosmoray Cosmoray Construction	Posted - 2009.01.21 05:44:00 - [40] Brock Unfortunately for you, you chose to release two bonds under the Flux technology corp banner. As far as investors are concerned they were not taking a risk or a share in the profits or the reporting of the business. The bond is a fixed payment regardless of all other factors. The investors chose to invest in you and your risk. You were/are acting as an insuarnce policy against a DBank default. DBank has not defaulted yet, and hopefully will not, but your investors won't care. Whether you leave the money in DBank or not is your choice. You simply owe the bond payments as stated in both your bonds. Any other result will be considered a bond default. Unfortunately a bond default will lead to a large drop in reputation and any ability to raise capital again.
The Schwa Coda Holdings	Posted - 2009.02.08 04:00:00 - [41] My tupence worth as majority stakeholder in this. As Stardust mentioned the point of the bond was that it was secured, and as such removing this shouldnt even be considered an option. The phrase 'depending on what I decide' worries me more than anything else to be honest. I would have liked to have seen some communication with interested parties regarding this before you floated the idea of removing security publicly. The first two options where you continue to offer security, while valid, would need to be presented formally and have concensus from all investors. For my part I would like to see the bond remain as stated in the original offer unless some incentive is in place to change it. Again however the investment being secured is key here. I hope you get this sorted. I have some confidence in you and I'd like to be in the position to feel comfortable investing in your future offers.
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2009.02.08 05:31:00 - [42] Originally by: Brock Nelson With EBank backing up Dbank (with board approval pending), I'm leading toward to keeping the insurance aspect in the bond. I only just saw this statement now. Please be fully aware that EBANK are not backing up DBANK. We have simply been in talks with them about different situations and ways to handle them. Don't base your decision to remain invested on EBANK filling in if something happens to DBANK as it's almost guaranteed to end badly if they do. Our primary objective with DBANK is in a guidance format. We don't want to interfere with their financials or bail them out, we want them to dig themselves out of their holes. We believe they have every ability to do so but don't back them up or secure DBANK in any way. If DBANK scams, your isk is gone. Please ensure this is quite clear when making these decisions.
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.04.24 19:56:00 - [43] Sorry for the late replies. The CD is finished and I'm just awaiting the isk withdrawal from DBank. Blueprint Store
Stardust CEO Stardust Manufacturing	Posted - 2009.04.25 01:09:00 - [44] Awesome Possum.
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.04.25 01:34:00 - [45] So, here's the investors and the isk they will be getting back: Investor - Total Invested - Total Returning Packtu'sa - 100,000,000 - 132,000,000 The Schwa - 500,000,000 - 660,000,000 Stardust CEO - 200,000,000 - 264,000,000 Vikarion - 200,000,000 - 264,000,000 Let me know if I didn't get that right. Still awaiting the isk Blueprint Store
Packtu'sa Nabaal Construction and Industrials Corp	Posted - 2009.04.25 01:55:00 - [46] That number looks correct. I want to make note, though, that it should never have been a question of whether you'd pay the bond if DBANK failed. If you were not acting as an insurer, you'd have offered the full return and simply brokered the transfers between investors and DBANK. By offering a reduced rate, you stood to make ISK in the (now true) event that DBANK stands, and if not, you lose. So, I am looking forward to the payment (which seems so much smaller now than it did when I invested it, heh) but I am unimpressed by the discussion that seems to have taken place here over the last few months. Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%)
Vikarion Caldari White Rose Society	Posted - 2009.04.25 20:45:00 - [47] In the end, he did the right thing (or, will have once he sends the ISK), and that's what matters to me. I would advise Brock to think more carefully about the meaning of "insurance" before his next offering, however.
Azerath Brotherhood of Suicidal Priests KIA Alliance	Posted - 2009.04.26 06:29:00 - [48] Such a waste of forums space. Anyone, including myself that's been in the investing game for over a year now can look at a one bil bond and go "meh." He could scam the whole thing, and it would be a small bump in the road. Isk is so inflated now it's not overly worth arguing with someone for such a small amount, that is somewhat known in the community. Just my two cents, Azerath --------------------------------------------
Brock Nelson Caldari Flux Technologies Inc	Posted - 2009.04.26 16:57:00 - [49] All of the investors were paid back plus 32% interest. I might do this again in the future but not anytime soon. Blueprint Store

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