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cosmoray
Cosmoray Construction
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Posted - 2009.06.23 01:36:00 -
[1]
Summary
Selling = 40,000 1M ISK fixed interest rate bonds totaling 40B ISK Start date = July 1st Payments = 1st of each month First Payment = 1st August Interest Rate = 4.25% per month
The bond will be re-purchased at the end of the six months or MAY have the option of roll over. I reserve the right to buyout the bond early. Bonds will be distributed via share mechanism from Cosmo Holding Corp, so the bonds are tradable.
Purpose
The purpose of the bond is threefold:
1. To purchase Cosmoray Construction for 17.6B. As discussed in a previous thread I am taking Cosmoray Construction private as I no longer wish to run it on a day to day basis. I am leasing the assets of Cosmoray Construction to a third party and they are paying me a fixed income of 750M per month. This is essentially a 4.3% ROI on my purchase offer. This payment incorporates part of the bond payment. I carry the risk in case of issues with the leasing corporation, I am personally responsible for the interest and capital payments.
2. To roll over an 8B bond I have Ray McCormack I have had an 8B bond since January 1st 2009 with Ray paying 4.8% per month in interest on the bond. I have used the capital to set up a second production company and those assets earn close to a billion per month in ISK. I do not wish to liquidate the assets to pay the bond. Ray has agreed to roll the bond into this bond. Although the first payment on the new bond is August 1st, I will pay the July 1st interest to Ray at 4.8% on the 8B (384M ISK). All interest payments have been made which Ray can confirm if he wishes.
3. New Project I am financing a new project which includes an external website and will be launched in July or August. I will not see a return from that investment until launched and is currently eating investment capital. I can not disclose the details at present, but a launch will be coming.
The new bond will require 1.7B in interest payments per month which is easily covered by my two existing ventures, not including other personal stuff.
Background about Cosmoray
1. I have over 24B of public funds under my management starting June 2008. 2. I have paid out over 11B in ISK in dividends and interest payments in the last year 3. I havenĘt missed ANY dividend or interest payments or I have informed MD in ADVANCE of what was happening 4. I have been present on the forums for 2 years, and most of you should at least know me on here
Trust
Hopefully in these current times of mistrust on the forum I have the reputation to successfully launch the bond. I feel I have priced the risk in the correct range. I am above EBANK/DBANK(if thatĘs worth anything?)/Shar and in the same region as Bad Bobby, Kwint, Ray and a few others on here who have been operating at least a year. With riskier offerings only paying 5% per month I feel justified at 4.25%, and I will let you decide if I am a better risk than DBANK (which is also a single man operation), and I would control under 10% of that capital.
Reservations and Pre-Reservations
Of the 40B ISK Bond 10,695 bonds have been pre-reserved from shareholders in Cosmoray Construction and Ray.
Breakdown of pre-reservation
Of the 16B worth of shares in Cosmoray Construction shareholders accounting for 4.45B (approx. 25%) have responded with 2.1B in shares asking for liquidation and 2.45B have asked for rollover (both at 110%). As no other shareholders have responded I will re-purchase those shares outstanding.
Ray McCormack has rolled over the entire 8B Bond into this bond.
New Reservations
There are 29,305 bonds available at 1M ISK each = 29.305B ISK Please post reservations here in 1M unit blocks
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cosmoray
Cosmoray Construction
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Posted - 2009.06.23 01:36:00 -
[2]
Edited by: cosmoray on 23/06/2009 01:54:40 Edited by: cosmoray on 23/06/2009 01:37:11 Discussion
I am happy to answer any questions that potential investors may have. If anyone is in need to audit my account I will happily send a limited API via eve-mail, so you can see my assets (currently about 25B excluding Cosmoray Construction and under 5B in cash). If the reservations sell out I will not send any API information
Current Reservation List:
Ji Sama 5,000 Perbastet 70 Solisk 100
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.06.23 01:44:00 -
[3]
This is a Blue Chip investment and as such justifies the low rate.
I would like to discuss risks though. Current risks? estimated risks? While i respect you cant disclose anything on your new project, i would very much like your risk assesment on it. Also, do you have a break even analysis?
Reserving 5B worth of Bonds ie. 5000 bonds.
TMPI |
Kwint Sommer
Caldari XERCORE Cult of War
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Posted - 2009.06.23 01:46:00 -
[4]
Make it 5% and I'll take the whole 40B.
You have my confidence but it will take a little more than four and a quarter to get my ISK.
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Per Bastet
Amarr B.O.O.M
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Posted - 2009.06.23 01:49:00 -
[5]
I would Like to Reserve 70 Bonds Please. --
Bastet's Organization Of Mining |
Solisk
Gallente HyperFang Aquisitions And Logistics
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Posted - 2009.06.23 01:49:00 -
[6]
Reserving 100 bonds, no audit required.
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cosmoray
Cosmoray Construction
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Posted - 2009.06.23 01:52:00 -
[7]
Originally by: Ji Sama This is a Blue Chip investment and as such justifies the low rate.
I would like to discuss risks though. Current risks? estimated risks? While i respect you cant disclose anything on your new project, i would very much like your risk assesment on it. Also, do you have a break even analysis?
Reserving 5B worth of Bonds ie. 5000 bonds.
Well my risks I would assess:
1. My own production business has about 10B in assets and returns about 1B per month, so that is 60% of interest payment in very low risk.
2. Cosmoray Construction lease. About 10B in assets are locked down by me, with about 6B in floating assets I don't have control of. I have worked with these guys for 2 years and 1 is a good friend. This pays 750M per month(the other 40% of interest). fairly low risk IMO.
3. New project Will cost me about 10B to get up and running with no further outgoing once launched, and COULD be a cash cow. Medium risk but I have the assets to cover if it doesn't pan out.
Overall the bond is covered easily with assets I control.
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cosmoray
Cosmoray Construction
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Posted - 2009.06.23 01:53:00 -
[8]
Originally by: Kwint Sommer Make it 5% and I'll take the whole 40B.
You have my confidence but it will take a little more than four and a quarter to get my ISK.
Already got over 16B at 4.25%, I'll see how it goes first. Thanks for the offer though.
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Bankimus
EVE Wealth Management
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Posted - 2009.06.23 01:57:00 -
[9]
Would like to reserve 500 bonds / 500 million. |
Philalethes
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Posted - 2009.06.23 01:57:00 -
[10]
Reserve 500 bonds please |
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Jin Nib
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Posted - 2009.06.23 02:01:00 -
[11]
I'd like to reserve 60 Bonds please. |
Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.06.23 02:09:00 -
[12]
Originally by: cosmoray
Originally by: Ji Sama This is a Blue Chip investment and as such justifies the low rate.
I would like to discuss risks though. Current risks? estimated risks? While i respect you cant disclose anything on your new project, i would very much like your risk assesment on it. Also, do you have a break even analysis?
Reserving 5B worth of Bonds ie. 5000 bonds.
Well my risks I would assess:
1. My own production business has about 10B in assets and returns about 1B per month, so that is 60% of interest payment in very low risk.
2. Cosmoray Construction lease. About 10B in assets are locked down by me, with about 6B in floating assets I don't have control of. I have worked with these guys for 2 years and 1 is a good friend. This pays 750M per month(the other 40% of interest). fairly low risk IMO.
3. New project Will cost me about 10B to get up and running with no further outgoing once launched, and COULD be a cash cow. Medium risk but I have the assets to cover if it doesn't pan out.
Overall the bond is covered easily with assets I control.
Thank you for these answers!
TMPI |
Cathra Dekiernau
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Posted - 2009.06.23 02:25:00 -
[13]
I'll reserve 500 bonds. |
Seyah Tebut
Deep Core Mining Inc.
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Posted - 2009.06.23 02:53:00 -
[14]
Reserve 500 bonds.
To put some faith in cosmoray and add to his positive reputation: I know that my reputation on the MD forums is along the lines of calling everything a scam due to my overwhelming paranoia about being scammed (which has happened a few times to me). However, I invest with confidence with whatever cosmoray offers the MD forums and I would be willing to invest more but with the limited operating capital I have right now, this is all I can invest. Rest assured, he IS legit and one of the few people in MD that I would trust with my investment. |
cosmoray
Cosmoray Construction
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Posted - 2009.06.23 02:57:00 -
[15]
Originally by: Seyah Tebut Reserve 500 bonds.
To put some faith in cosmoray and add to his positive reputation: I know that my reputation on the MD forums is along the lines of calling everything a scam due to my overwhelming paranoia about being scammed (which has happened a few times to me). However, I invest with confidence with whatever cosmoray offers the MD forums and I would be willing to invest more but with the limited operating capital I have right now, this is all I can invest. Rest assured, he IS legit and one of the few people in MD that I would trust with my investment.
thx for the endorsement |
Chaos Wraith
Lone Star Privateers
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Posted - 2009.06.23 03:13:00 -
[16]
reserving 500 bonds thanks |
Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.06.23 03:15:00 -
[17]
Originally by: Chaos Wraith reserving 500 bonds thanks
are you like cosmos twin brother? omg... |
Zenepher
Money Trust
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Posted - 2009.06.23 03:21:00 -
[18]
I'd like to reserve 1000 shares please. |
Galal Dax
Young Enterprise DEFI4NT
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Posted - 2009.06.23 03:26:00 -
[19]
I'd like to reserve 200 bonds please.
As I haven't invested with you before - please let me know by evemail when I should send the ISK to you.
Regards,
Galal Dax
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.06.23 03:36:00 -
[20]
Originally by: Galal Dax I'd like to reserve 200 bonds please.
As I haven't invested with you before - please let me know by evemail when I should send the ISK to you.
Regards,
Galal Dax
1st of july is the deadline! |
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Adesta
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Posted - 2009.06.23 03:38:00 -
[21]
I would like to reserve 10 bonds (10 million isk), no audit required.
-Adesta, Late Night Trading |
Tre Circuit
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Posted - 2009.06.23 03:45:00 -
[22]
I would like to reserve 1,000 bonds please. |
Gareth Montesque
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Posted - 2009.06.23 04:15:00 -
[23]
Reserving 500 bonds please
Gareth
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Cpt Steo
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Posted - 2009.06.23 04:30:00 -
[24]
reserving 100 bonds.
thanks |
Tasuke
Gallente Polytechnique Gallenteenne
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Posted - 2009.06.23 04:35:00 -
[25]
Reserving 300 bonds, thank you
/Tasuke |
Lecherito
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Posted - 2009.06.23 04:45:00 -
[26]
Any reservations left, by chance?
-L |
Jin Nib
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Posted - 2009.06.23 04:59:00 -
[27]
hould be roughly 30,000 left I think.
-Jin Nib Trading on behalf of Opera Noir since: 2009.03.02 03:53:00
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.06.23 05:00:00 -
[28]
Originally by: Lecherito Any reservations left, by chance?
-L
20000 Bonds left.
TMPI |
cosmoray
Cosmoray Construction
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Posted - 2009.06.23 05:04:00 -
[29]
Originally by: Lecherito Any reservations left, by chance?
-L
Last post of the evening.
As of now, there are 21,535 bonds reserved
leaving
18,465 bonds outstanding.
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Alaki Kant
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Posted - 2009.06.23 05:14:00 -
[30]
Reserving 400 bonds |
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