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cosmoray
Cosmoray Construction
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Posted - 2009.01.27 20:52:00 -
[31]
I have been looking at the sales thread again. Does it strike anyone as odd?
 Originally by: loney
This is unlike any conventional IPO out there today; learning from our past mistakes, CDRA will guarantee you the minimum 4% increase in your investment over the life of the investment with monthly payments.
Now does it?
CDRA are only guaranteeing 4% increase over the life of the investment. So if I invest for a year, I am only guaranteed a 4% increase after 12 months?
It kind of looks like another one of these confusing bonds/IPO.
It doesn't really say that you will be getting dividends every month or what you can expect from long term.
Originally by: loney
This plan will be a full IPO with no set end date. However, after 12, months time CDRA will most likely start to buy back the shares at the going market rate.
Most likely offer a buyback. What if they don't?
What if the market rate for the shares has tanked if the business is poorly run?
No offer of 100% of NAV or purchase price!
Remember Loney sticks to his promises!
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Loney
CyberDyne R-D
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Posted - 2009.01.27 21:15:00 -
[32]
Edited by: Loney on 27/01/2009 21:16:55
Originally by: loney
CDRA are only guaranteeing 4% increase over the life of the investment?
Hmm... Suspose to say 4% MONTHLY over the life... I will fix it, the orginal sentence was a tad confusing i guess! Its explained breifly in the IPO plan.
Originally by: loney
This plan will be a full IPO with no set end date. However, after 12, months time CDRA will most likely start to buy back the shares at the going market rate.
Yes, It will be put to a vote when/if the time comes for whatever reason. Right now I don't see an reason to set a close date, I want to keep it going as long as possible. |
BruisedMoon
Amarr
VICTIS-HONOR
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Posted - 2009.01.28 16:41:00 -
[33]
Edited by: BruisedMoon on 28/01/2009 16:41:29
Personally,
Where as yes he did fail, I think you guys are giving him to much flak about this stuff... You are trying to ruin his rep just because he has rep to ruin, scammers come and go and they are quickly forgotten because barring a few incidents they dont hang around here long enough for you guys to give them hell.
I for one think it takes great character for a person to have 70b in what was a failing business and not just walk off. The fact he worried first about his rep and his word before his wallet was what I most respect about the whole ordeal.
He failed, but in doing so he proved trust worthy with public money.
I would invest...
Oh yeah and the fact of him "needing" public money or not is a completely and utterly mute point, and is further more only muttered to make him look further more untrust worthy.
*edited*
Left out a word
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Astarte Nosferatu
Abrivianius Manufacturing Corporation
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Posted - 2009.01.28 16:43:00 -
[34]
Any IPO can fail, it is how the issuer deals with it that is important. Loney handled the wrap up of his failed (and risky) IPO good, instead of running with the ISK. That alone deserves credit in my opinion. |
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