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Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 04:45:00 -
[1]
Pretty straight and simple offering. I'm offering 24 bonds valued at 500m each for a total of 12bill isk. Minimum purchase is 1 bond and there is no maximum.
Audit: I laugh at audits because I don't do trading so they really mean nothing in my situation. I have some assets and some isk, none of which really play a part in this offering.
Plan: I build stuff. Big stuff and small stuff. Sometimes I need extra isk to build more big or small things. When I don't need isk I put idle isk in one of my 3% savings accounts at EBANK (I have 4). Right now my savings accounts are empty, this is where you come in. You are essentially buying your way into an ebank secured 3% savings account. Lots of people complain about not having a savings account, well you still won't if you invest but you will see the same return.
Bond length: The bond length is 90 days but you may choose to cash out for your initial investment plus 3% interest at the 30 day mark or 6% interest at the 60 day mark. After 90 days you will receive your initial investment plus 9% interest. If you choose to cash out before 30 days you forfeit half your interest accrued up to the date you make your request to cash in your bond(s). If you choose to cash out after 30 days but before 60 days you will receive the 3% interest for the first 30 day period but forfeit half your interest accrued up to the date you make your request to cash in your bond(s) for the second 30 day period. If you choose to cash out after 60 days but before 90 days you will receive the 6% interest for the first two 30 day periods but will forfeit half your interest accrued up to the date you make your request to cash in your bond(s) for the third 30 day period.
BONUS INTEREST: If you do not cash in your bonds before the 90 day period you will receive your initial investment plus the 9% interest according to the bond offering PLUS an extra 3% interest once the 90 day period is reached. This puts your return on investment at 4% per month, in line with other current investments.
Trust: You either trust me (and ebank) with your isk or you don't. This isn't the thread to discuss it in. If you don't have the necessary trust in me (or ebank), don't invest. The interest rate is set at 3% per 30 day period with a bonus at the end of the 90 day period for those that let their bonds go the full length. Some other information about me. And a thread about my last IPO and its success.
# of bonds: 24 Price per bond: 500m Bond length: 90 days OR **see explanation in Bond length section Interest rate: 3% per 30 day period OR ** see explanation in Bond length section and Bonus interest section.
If the situation arises, I reserve the right to end this bond at any time. If this happens I will pay out the initial investment plus interest accrued up to that date at a rate of 4% since it will be my choice to close the bond early.
<Amarr's signature> |
Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 04:45:00 -
[2]
Reserved
<Amarr's signature> |
Taua Roqa
Minmatar Planet Roqa
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Posted - 2009.07.21 05:44:00 -
[3]
i, too, laugh at audits. ha ha ha, i laugh at thee!
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tendao
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Posted - 2009.07.21 06:09:00 -
[4]
I'd like one bond (500 million). I'll send ISK after confirmation.
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Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 06:18:00 -
[5]
Originally by: tendao I'd like one bond (500 million). I'll send ISK after confirmation.
Confirming 1 bond for you. Please send isk to Amarr Citizen 155.
<Amarr's signature> |
Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 08:04:00 -
[6]
Just a quick explanation as I've gotten a few evemails asking for this to be explained. Basically, this is a 90 day bond @ 4% interest per month. If you withdraw your isk early you suffer a penalty as outlined in the offering details but if you leave your isk for 90 days your return will be your principle plus 12% interest.
<Amarr's signature> |
YouGotRipped
Ewigkeit
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Posted - 2009.07.21 08:12:00 -
[7]
As one of AC's best friends, I can testify to the fact that he is no scammer and although it may seem like it, he is not trying to cash out on his reputation.
Black Sun Empire |
Treelox
Amarr Seppuku Warriors
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Posted - 2009.07.21 08:13:00 -
[8]
Originally by: Amarr Citizen 155 Just a quick explanation as I've gotten a few evemails asking for this to be explained. Basically, this is a 90 day bond @ 4% interest per month. If you withdraw your isk early you suffer a penalty as outlined in the offering details but if you leave your isk for 90 days your return will be your principle plus 12% interest.
4%/month(for 3months) =! 12%/3months
The rules of compounding.....
You might want to clarify that AC. --
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Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 08:16:00 -
[9]
Originally by: Treelox
Originally by: Amarr Citizen 155 Just a quick explanation as I've gotten a few evemails asking for this to be explained. Basically, this is a 90 day bond @ 4% interest per month. If you withdraw your isk early you suffer a penalty as outlined in the offering details but if you leave your isk for 90 days your return will be your principle plus 12% interest.
4%/month(for 3months) =! 12%/3months
The rules of compounding.....
You might want to clarify that AC.
Yeah i forget we have a peanut gallery here that isn't as smart as you. :)
4% per month will equal 12% total over the life of the bond. If you keep the bond for 90 days you get 12% TOTAL interest which equals 4% per month.
<Amarr's signature> |
Feryal Sky
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Posted - 2009.07.21 08:16:00 -
[10]
Edited by: Feryal Sky on 21/07/2009 08:19:24
Originally by: Treelox
4%/month(for 3months) =! 12%/3months
The rules of compounding.....
You might want to clarify that AC.
I would not touch this offering with a ten feet pole.
P.S. Joking. So what happened, AC, they kicked you out of Ebank?
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tendao
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Posted - 2009.07.21 08:18:00 -
[11]
Originally by: Amarr Citizen 155
Originally by: tendao I'd like one bond (500 million). I'll send ISK after confirmation.
Confirming 1 bond for you. Please send isk to Amarr Citizen 155.
ISK sent.
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Jackie Fisher
Syrkos Technologies
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Posted - 2009.07.21 08:18:00 -
[12]
I don't have a barge pole so I'll take 6 bonds.
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Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 08:23:00 -
[13]
Originally by: Feryal Sky
I would not touch this offering with a ten feet pole.
P.S. Joking. So what happened, AC, they kicked you out of Ebank?
LOL, naw I'm still at EBANK. But I don't use EBANK funds for my private business.
<Amarr's signature> |
Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 08:29:00 -
[14]
Originally by: Jackie Fisher I don't have a barge pole so I'll take 6 bonds.
Confirmed. Please send isk to Amarr Citizen 155.
Originally by: tendao
ISK sent.
Received.
<Amarr's signature> |
Jackie Fisher
Syrkos Technologies
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Posted - 2009.07.21 08:30:00 -
[15]
Isk sent.
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Tetovo
Caldari Leo Nomis Memorial LLC
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Posted - 2009.07.21 09:41:00 -
[16]
Edited by: Tetovo on 21/07/2009 09:44:00 Edited by: Tetovo on 21/07/2009 09:43:30 Edited by: Tetovo on 21/07/2009 09:42:56
Originally by: Amarr Citizen 155
Originally by: Treelox
Originally by: Amarr Citizen 155 Just a quick explanation as I've gotten a few evemails asking for this to be explained. Basically, this is a 90 day bond @ 4% interest per month. If you withdraw your isk early you suffer a penalty as outlined in the offering details but if you leave your isk for 90 days your return will be your principle plus 12% interest.
4%/month(for 3months) =! 12%/3months
The rules of compounding.....
You might want to clarify that AC.
Yeah i forget we have a peanut gallery here that isn't as smart as you. :)
4% per month will equal 12% total over the life of the bond. If you keep the bond for 90 days you get 12% TOTAL interest which equals 4% per month.
You missed his point.
4% per month is 12.3% over 3 months.
So you could say, 4% per month compounded quarterly which is really what you're doing here.
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Ambo
I've Got Nothing
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Posted - 2009.07.21 10:39:00 -
[17]
I'll take 12 bonds.
Will send you the isk once I get in from work. --------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Mr Horizontal
Gallente KIA Corp KIA Alliance
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Posted - 2009.07.21 11:01:00 -
[18]
I'll take the last 5.
Director | www.eve-bank.net |
tre introv
THE MuPPeT FaCTOrY Cult of War
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Posted - 2009.07.21 12:00:00 -
[19]
Contact me if any of the reservations fall through. I will pick them up.
Thanks -tre
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Kazzac Elentria
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Posted - 2009.07.21 12:50:00 -
[20]
Well that bit.... if it happens that anyone falls through/through (not likely) I'll pick up some as well. |
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Mme Pinkerton
Caldari
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Posted - 2009.07.21 15:53:00 -
[21]
Edited by: Mme Pinkerton on 21/07/2009 15:52:54
Originally by: Tetovo You missed his point.
4% per month is 12.3% over 3 months.
So you could say, 4% per month compounded quarterly which is really what you're doing here.
To my knowledge, bonds never acquire compounded interest; coupons don't "stack up" but are paid out directly to the investor, interest is always measured as a percentage of the bond's face value.
" Credit is the economic judgement on the morality of a man. " |
Scott Ryder
Amarr Suns Of Korhal
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Posted - 2009.07.21 16:27:00 -
[22]
Originally by: Amarr Citizen 155
Originally by: Treelox
Originally by: Amarr Citizen 155 Just a quick explanation as I've gotten a few evemails asking for this to be explained. Basically, this is a 90 day bond @ 4% interest per month. If you withdraw your isk early you suffer a penalty as outlined in the offering details but if you leave your isk for 90 days your return will be your principle plus 12% interest.
4%/month(for 3months) =! 12%/3months
The rules of compounding.....
You might want to clarify that AC.
Yeah i forget we have a peanut gallery here that isn't as smart as you. :)
4% per month will equal 12% total over the life of the bond. If you keep the bond for 90 days you get 12% TOTAL interest which equals 4% per month.
Not that I am going to invest, but by peanut gallery you refrer to possible investors riight?
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Ray McCormack
hirr
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Posted - 2009.07.21 16:31:00 -
[23]
Originally by: Scott Ryder Not that I am going to invest, but by peanut gallery you refrer to possible investors riight?
http://en.wikipedia.org/wiki/Peanut_gallery
Not likely to be investors based on that definition then, are they?
Some people call me the space cowboy, yeah |
Scott Ryder
Amarr Suns Of Korhal
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Posted - 2009.07.21 17:14:00 -
[24]
Originally by: Ray McCormack
Originally by: Scott Ryder Not that I am going to invest, but by peanut gallery you refrer to possible investors riight?
http://en.wikipedia.org/wiki/Peanut_gallery
Not likely to be investors based on that definition then, are they?
Ah see. I stand corrected, all apologies. My english is at times not the best and in this case i simply misunderstood.
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Kes Lynnair
Minmatar Forethought Unchained
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Posted - 2009.07.21 17:20:00 -
[25]
OP most likely meant for the peanut gallery to mean less informed and intuitive readers as the general definition does not make sense on the context of the post
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Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 17:20:00 -
[26]
Bond purchase list updated. I have received isk from tendao, Jackie Fisher, and Ambo. Still waiting on isk from Mr Horizontal.
<Amarr's signature> |
Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.07.21 17:27:00 -
[27]
Originally by: Kes Lynnair OP most likely meant for the peanut gallery to mean less informed and intuitive readers as the general definition does not make sense on the context of the post
No I'm pretty sure I used it correctly. The individuals that don't invest but like to heckle and interrupt the offerings here on MD. In my mind I do picture them sitting in the "cheap seats" but I don't picture them eating peanuts.... probably crystal eggs or nerve sticks. /roleplay
<Amarr's signature> |
Mr Horizontal
Gallente KIA Corp KIA Alliance
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Posted - 2009.07.22 15:36:00 -
[28]
Originally by: Amarr Citizen 155 Still waiting on isk from Mr Horizontal.
sent.
Director | www.eve-bank.net |
Amarr Citizen 155
Imperial Shipment
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Posted - 2009.07.22 16:36:00 -
[29]
Originally by: Mr Horizontal
Originally by: Amarr Citizen 155 Still waiting on isk from Mr Horizontal.
sent.
Confirming isk received.
That's all isk received. I did want to add the below section to my investment details
Hit by a Bus I get hit by a bus and most likely die, you most likely lose your isk. Everyone loses except while I am dead you'll still be alive.
<Amarr's signature> |
Jackie Fisher
Syrkos Technologies
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Posted - 2009.07.22 17:38:00 -
[30]
Originally by: Amarr Citizen 155 Hit by a Bus I get hit by a bus and most likely die, you most likely lose your isk. Everyone loses except while I am dead you'll still be alive.
Can I have your organs?
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Amarr Citizen 155
Kisoken Innovations
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Posted - 2009.08.24 04:17:00 -
[31]
First interest payment sent. If anyone wishes to cash out now per the bond terms, please let me know. Otherwise, see you next month.
<Amarr's signature> |
Grendell
Technologies Unlimited
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Posted - 2009.08.24 04:47:00 -
[32]
Edited by: Grendell on 24/08/2009 04:46:52 Hey AC
Free bump.
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Ambo
I've Got Nothing
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Posted - 2009.08.25 17:47:00 -
[33]
AC, what does this mean for us?
I assume it's not going to be good. --------------------------------------
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Tesal
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Posted - 2009.08.25 18:11:00 -
[34]
Hello...
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Amarr Citizen 155
Kisoken Innovations
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Posted - 2009.08.25 19:50:00 -
[35]
Originally by: Ambo AC, what does this mean for us?
I assume it's not going to be good.
At the time of the event you linked, all of the 12bill from this bond is being utilized in my personal business dealings and is tied up in market orders, assets, or sitting in a wallet division. This bond is unaffected by recent events.
If any of the bond holders are interested in cashing in their bonds early please let me know. I would be more than happy to talk about any concerns the bond holders have, just catch me in-game or via evemail.
<Amarr's signature> |
Ambo
I've Got Nothing
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Posted - 2009.08.25 20:24:00 -
[36]
Originally by: Amarr Citizen 155
Originally by: Ambo AC, what does this mean for us?
I assume it's not going to be good.
At the time of the event you linked, all of the 12bill from this bond is being utilized in my personal business dealings and is tied up in market orders, assets, or sitting in a wallet division. This bond is unaffected by recent events.
If any of the bond holders are interested in cashing in their bonds early please let me know. I would be more than happy to talk about any concerns the bond holders have, just catch me in-game or via evemail.
Thanks for the quick response, I'm very glad to hear that. --------------------------------------
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Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.09.27 20:53:00 -
[37]
Second interest payment sent. Sorry for the late payment but I've been sick and dealing with some RL drama this past week. If anyone wishes to cash out now per the bond terms, please let me know. Otherwise, see you next month.
<Amarr's signature> |
Amarr Citizen 155
Tleilex Developments Mostly Harmless
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Posted - 2009.09.29 19:17:00 -
[38]
Just a quick bump to make sure my investors didn't miss the above post.
<Amarr's signature> |
Ambo
I've Got Nothing
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Posted - 2009.09.29 20:33:00 -
[39]
Thanks AC, confirming I received the payment. --------------------------------------
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Tobin Shalim
Uusasai Corporation
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Posted - 2009.09.29 23:08:00 -
[40]
Those that are buying into this without getting an audit are fools. I feel no sympathy for when your isk vanishes. -----
Originally by: Gierling Tech III is going to be "Fully modular" until someone crams the "EW Bonus" modules together with the "8 Midslots" modules...
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Ambo
I've Got Nothing
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Posted - 2009.09.30 07:21:00 -
[41]
Originally by: Tobin Shalim Those that are buying into this without getting an audit are fools. I feel no sympathy for when your isk vanishes.
What?
A couple of points to make here:
1) AC is a well known and respected person in MD. He knows what he's doing and I've invested in him at least once before with great results.
2) The original plan was to use AC's Ebank accounts to pay interest. There would have been nothing to audit other than the fact that he had the required number of characters.
3) Audits are not a safety net. If you rely only on audits to protect your cash then you will lose it sooner or later. The purpose of an audit is to prove that the player has the experience and ability to do what they say they will do in their business plan, nothing more. (see point 2) --------------------------------------
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HawkBlade
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Posted - 2009.09.30 07:51:00 -
[42]
Originally by: Tobin Shalim Those that are buying into this without getting an audit are fools. I feel no sympathy for when your isk vanishes.
Responding to an off topic and clueless troll is such a waste of effort. I can only suspect this is some sort of knee jerk (truly, a "jerk") response to something happening over at eBank. No matter, this bond has already sold out, long ago. Your post is off topic and flame bait. I just used the "report" link and let the mods handle the matter. I've confidence that while I can't explain your error they'll get through that skull with relative ease.
See my twitterings about Eve Online. Be the first to hear me toot.
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Amarr Citizen 155
Nordar Innovations.
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Posted - 2009.10.22 02:58:00 -
[43]
The bond term has ended and the final interest payment has been sent along with the bonus interest payment. Isk has been returned to the following investors. I'll let them post to confirm.
Tendao - 1 bond - 500m isk Jackie Fisher - 6 bonds - 3 bill isk Ambo - 12 bonds - 6 bill isk Titan BPC Auction Thread |
Ambo
I've Got Nothing
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Posted - 2009.10.22 07:34:00 -
[44]
Transfer confirmed - both the original stake and a nice bonus. Thanks for another solid investment AC. --------------------------------------
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Jackie Fisher
Syrkos Technologies
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Posted - 2009.10.22 17:32:00 -
[45]
Confirming payments made etc.
Ta AC.
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Amarr Citizen 155
Nordar Innovations.
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Posted - 2009.10.23 15:44:00 -
[46]
For the sake of some transparency and after speaking with some of my investors (ones that I was able to get ahold of while online). I would like to post a few details related to the payout.
There is one investor who did not receive his last interest payment, bonus payment, and original investment. His payments will be forwarded to EBANK. I'm using the "cosmoray precedent" for this situation. I don't think I need to go into anymore detail because its all already out there. Check out the original investors listed in post #2 and compare them to the end of bond payout list and you'll be able to piece it together. Titan BPC Auction Thread |
SetrakDark
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Posted - 2009.10.23 17:17:00 -
[47]
lol
well done
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