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cryojin
Caldari
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Posted - 2010.10.19 20:55:00 -
[1]
Edited by: cryojin on 19/10/2010 21:09:42
Edited by: cryojin on 19/10/2010 21:02:50
Be a man! (lol)
Hey There.
The nitty gritty!
I recently finished some manufacturing skills (Industry V, Prod Efficiency V, mass production IV) and need some funds to kick start my operation.
If you need verification of my skills, I am open to an audit or posting my character on eveboard.com
The bizniz
I will be entering the T1 manufacturing arena, I have frigate, destroyer, cruiser, mining barge, battle cruiser, industrial, scan probe and ammo blue print copy's, all researched. I have about 48 full run BPC's. ( I also have around 100 million ISK in minerals. )
The Loan
I need a loan starting at 150 million isk (fully secured with a fully T2 fitted hulk (In Umokka) ThatĘs about 145 mil hull excluding the modules.) For interest modules are as follows : Modulated Strip Miner II x 3, Expanded Cargo Hold II x2, Vespa II x5, Small Shield Extender II x 2, Medium Cargo hold optimization I x2, Veldspar Mining Crystal II x3.
I am looking for an interest starting at 7% (per month) for fully secured, 14% (per month) for partially secured. -- This will be a Dutch auction working like this : The lowest interest offered with the highest loan after 72 hours (with 15 min sniping rule) will be the winner.
The maximum loan I feel I could accept and payback is 1 Billion isk. The lowest is 150 mil fully secured. (No loan will be accepted for more than 1 billion!)
The loan period will be over 8 weeks (two months to a maximum of three months).
The Isk!
Illustrative values :
Eight Weeks : 150 million over eight weeks = 168 mil isk, interest payable every fourth week. (6%) (150 mil isk balloon and 9 mil isk per four week period.)
Eight Weeks : 1 bil isk over eight weeks = 1.4 bil isk, interest payable every fourth week. (12%) (one billion isk balloon and 200 million isk per four week period.)
*The above values are based on maximum values, these values can change with the Dutch auction. Please take responsibility and ensure that you know exactly what you will receive and when.
I may extend the loan to three months on the agreed interest rate, only by agreement on the winning loan.
Errata
I reserve all rights.
I reserve the right to accept any loan, at any time. If no agreement is reached, the highest loan with the least interest will be accepted on the 72cnd hour of this loan proposal. 21:00 eve Time (Sniping rule considered of course)
Tl ; Dr
I need a loan of a min of 150 mil fully secured (contracted to you at the loan price), to a maximum of 1 bil around 15% secured. This loan will be extended at a minimum of eight weeks, interest paid (upon negotiation) weekly or monthly for the duration of the loan, the last payment to include the capital amount of the loan.
What for! Good Golly Miss Molly!
With a loan under 300 mil it will be used mainly for minerals and costs. A loan totalling 900 - 1 Bil will be used to acquire a Charon, Minerals and costs.
Why?
I have invested around 70 mil isk so far in manufacturing and it is taking slightly longer then I originally anticipated liquidating, so I need fund to tide me over until the sales take place. (I could sell to buy orders but I would take a loss in PROFIT of 1 mil isk per item manufactured so far).
ThatĘs everything I can think of, if you need more information send me an eve mail of simply reply on this thread.
(Not sure how eve meep calculates value, but it says I hold 764 mil isk including the Hulk and fittings over 10 planets. Edit: I have not worked this out personally just taking the numbers EvE meep shows and adding them over the 10 planets.
Regards
Cryojin.
Edit : I do not have access to EvE or the forums at work so it may take around 24 hours for me to reply (maximum).
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Zia Pow
Stealing Honest Speculation Group LLC
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Posted - 2010.10.19 21:03:00 -
[2]
I'll start you off ....
150m @ 7%
Ego - Epeen - Eve
The 3 Amigos of the MMO world. |
cryojin
Caldari
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Posted - 2010.10.19 21:10:00 -
[3]
We have lift off, 150 m @ 7% per month over two months.
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Spectre Wraith
Darwin Inc.
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Posted - 2010.10.19 21:11:00 -
[4]
At least you put effort into it. Let me make a suggestion though, that if you're taking out a loan to grow capital with that you "trim the fat". You don't need a freighter for example. Sure it makes things much easier versus requiring someone else to haul and setting it up, but why tie up a huge amount of the loan in a freighter when you could be using that isk for minerals and paying a paltry amount to Red Frog to pickup/deliver?
So that shouldn't even be a concern given your situation. Focus on production and let others do the hauling.
And....audit?
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cryojin
Caldari
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Posted - 2010.10.19 21:15:00 -
[5]
 Originally by: Spectre Wraith
At least you put effort into it. Let me make a suggestion though, that if you're taking out a loan to grow capital with that you "trim the fat". You don't need a freighter for example. Sure it makes things much easier versus requiring someone else to haul and setting it up, but why tie up a huge amount of the loan in a freighter when you could be using that isk for minerals and paying a paltry amount to Red Frog to pickup/deliver?
So that shouldn't even be a concern given your situation. Focus on production and let others do the hauling.
And....audit?
Point well taken.
I have been able to reduce the amount of jumps to pickup / deliver so this may very well be viable.
I am open to an audit, please let me know who can accomplish this and I will contact them.
Regard C.
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Lost Hamster
Hamster Holding Corp
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Posted - 2010.10.19 21:22:00 -
[6]
300m @ 10%
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cryojin
Caldari
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Posted - 2010.10.19 21:25:00 -
[7]
Originally by: Lost Hamster
300m @ 10%
300m @10% per month over two months. Thank you.
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Spectre Wraith
Darwin Inc.
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Posted - 2010.10.19 21:33:00 -
[8]
Shoot me a mail in game when youre around.
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Calypsa Aeurelieus
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Posted - 2010.10.19 21:36:00 -
[9]
250m @ 7% Offer stands even if you take another offer if you want the extra capital. (As long as this is secured.)
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cryojin
Caldari
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Posted - 2010.10.19 21:44:00 -
[10]
Edited by: cryojin on 19/10/2010 21:45:59
Edited by: cryojin on 19/10/2010 21:45:29
Originally by: Calypsa Aeurelieus
250m @ 7% Offer stands even if you take another offer if you want the extra capital. (As long as this is secured.)
Thank you for your interest, Maximum security I am offering is 150 mil as per my opening post. If this is still acceptable to you, your bid will be included.
Spectre Wraith - Will catch you tomorrow. Off to bed now.
Regards C.
Edit : Spelling (Twice!)
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Taram Caldar
Royal Black Watch Highlanders
Warped Aggression
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Posted - 2010.10.19 22:13:00 -
[11]
Edited by: Taram Caldar on 19/10/2010 22:16:21
Few questions:
- What prior experience with trade and manufacturing do you have in EVE? Or is this your first forray into the area?
- What is your current total NAV?
- How many alts do you have?
- How long have you been playing the game?
- How do you intend to pay off your debt should your manufacturing/trade not turn out as profitable as you intend?
Market Alerts Mailing List
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Nikolai Kondratiev
Sphere Design Inc.
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Posted - 2010.10.19 22:46:00 -
[12]
I'll loan you 150m @ 5% as long as it's secured with the Hulk you mentionned.
But, seeing the current prices, if you're offering the Hulk as collateral because you're bored of mining, you might be better off just selling it now to fund your manufacturing 
_
Mining Crystal BPOs
Angel Ships |
Rasz Lin
Caldari
Racketeers
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Posted - 2010.10.20 00:19:00 -
[13]
Originally by: cryojin
. (I could sell to buy orders but I would take a loss in PROFIT of 1 mil isk per item manufactured so far).
This will not end well. I see it all the time, people making ships paying 40mil for minerals and trying to sell them for 41mil while they are 37mil 2 jumps away in next region (domi as an example).
What makes you think you can succeed if you cant even sell your current production?
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Minmatiger
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Posted - 2010.10.20 00:55:00 -
[14]
I'm agreeing with the opinion that you should risk your own money on manufacturing to figure it out before risking someone else's and having the problem of not being able to pay back the loan you are taking out.
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Scott McClellan
Forum Posters Anonymous
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Posted - 2010.10.20 01:19:00 -
[15]
Originally by: Spectre Wraith
but why tie up a huge amount of the loan in a freighter when you could be using that isk for minerals and paying a paltry amount to Red Frog to pickup/deliver?
And....audit?
Why pay RF when you can pay others 1/3 the price to do the same job?
Also OP, manufacturing is your business. Follow some real-world advice and stick to your business, let others do everything else until you can afford to vertically integrate.
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cryojin
Caldari
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Posted - 2010.10.20 04:11:00 -
[16]
Originally by: Taram Caldar
Edited by: Taram Caldar on 19/10/2010 22:16:21
Few questions:
- What prior experience with trade and manufacturing do you have in EVE? Or is this your first forray into the area?
- What is your current total NAV?
- How many alts do you have?
- How long have you been playing the game?
- How do you intend to pay off your debt should your manufacturing/trade not turn out as profitable as you intend?
I have read every guide and forum to do with the subject. This is not my first time, I have been manufacturing things for personal use for a long time now. This is the first time I am doing it for profit.
I currently have no liabilities, no investors so my net worth is around 744 mil isk.
I have one alt, but that account is not subbed at the moment.
I have been playing the game for about a year.
Should I fail ( which I find highly unlikely, since I am not some idiot who thinks make stuff = isk! yay. I have done extensive research and identified by use of spread sheets and buy orders profitable items to manufacture which have a high volume of sales. ) I will buy plex and cover the debt, I dont want to have to do that but if all else fails I will do that.
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cryojin
Caldari
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Posted - 2010.10.20 04:17:00 -
[17]
Edited by: cryojin on 20/10/2010 04:25:11
Originally by: Rasz Lin
Originally by: cryojin
. (I could sell to buy orders but I would take a loss in PROFIT of 1 mil isk per item manufactured so far).
This will not end well. I see it all the time, people making ships paying 40mil for minerals and trying to sell them for 41mil while they are 37mil 2 jumps away in next region (domi as an example).
What makes you think you can succeed if you cant even sell your current production?
Thank you for your concern.
My price is the lowest in the region and I am still making a healthy profit, I am not having trouble selling my items, it is just taking slightly longer then I originally anticipated (By slightly longer I mean my manufacture slots are standing empty for a few hours at a time, more minerals will help fill them.)
Originally by: Minmatiger
I'm agreeing with the opinion that you should risk your own money on manufacturing to figure it out before risking someone else's and having the problem of not being able to pay back the loan you are taking out.
Nothing ventured, nothing gained. Like I have said previously, I have done my research and have been manufacturing for personal use for some time. I have identified profitable items which I am currently making and selling, the problem is now my manufacturing slots are idle too long, which = less isk per day.
Originally by: Scott McClellan
Why pay RF when you can pay others 1/3 the price to do the same job?
Also OP, manufacturing is your business. Follow some real-world advice and stick to your business, let others do everything else until you can afford to vertically integrate.
Thank you for the advice, I will remember that. Cant do everything yourself and not go mad, I will delegate.
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Spectre Wraith
Darwin Inc.
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Posted - 2010.10.20 04:19:00 -
[18]
Quote:
Why pay RF when you can pay others 1/3 the price to do the same job?
It was an example, and you restated exactly what I was getting at with it.
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Professor Humbert
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Posted - 2010.10.20 08:47:00 -
[19]
Sorry for being off topic, but I'm interested in the list of the items you can produce.
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cryojin
Caldari
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Posted - 2010.10.20 14:34:00 -
[20]
Hi there.
I can produce most T1 items, if you are interested in me producing items for you it may be better to eve mail me your requirements and I will investigate the viability.
As said in my OP I have 48 various BPC's. I also have access to around 250 BPO's not all are researched though.
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cryojin
Caldari
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Posted - 2010.10.21 04:36:00 -
[21]
How dutch can you go? Still considering offers.
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cryojin
Caldari
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Posted - 2010.10.22 15:58:00 -
[22]
Thanks for all the interest and the advice ingame.
For those who have made offers ingame, please post them here if you are still interested. I like to keep things transparent.
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cryojin
Caldari
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Posted - 2010.10.22 21:39:00 -
[23]
Edited by: cryojin on 22/10/2010 21:44:54
150m @ 5% per month over two months - Nikolai Kondratiev
300m @ 10% per month over two months - Lost Hamster
Lost Hamster's bid has been accepted. I will make a contract for the amount to Lost, Thanks to everyone for your interest and invaluable advice! ( I believe it has been 72 hours)
I will assign the contract tomorrow as one of the crystals on the hulk is damaged and im 30 jumps away...
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Lost Hamster
Hamster Holding Corp
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Posted - 2010.10.24 18:24:00 -
[24]
Sorry, I was on Holiday.
Contract for Collateral have been accepted.
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cryojin
Caldari
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Posted - 2010.10.24 20:01:00 -
[25]
No Problem, Thank You. Confirming isk has been recieved.
First interest payment will be Sunday the 16th of November in the amount of 30 million isk.
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cryojin
Caldari
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Posted - 2010.11.20 13:39:00 -
[26]
First interest payment of 30 Million isk has been sent, I have sent it today since I will be away from my PC tomorrow.
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Lost Hamster
Hamster Holding Corp
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Posted - 2010.11.20 18:19:00 -
[27]
Originally by: cryojin
First interest payment of 30 Million isk has been sent, I have sent it today since I will be away from my PC tomorrow.
ISK received.
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Shields are like pants, they're supposed to come off. Armor is like the condom once its gone ur ****ed |
cryojin
Caldari
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Posted - 2010.12.23 07:48:00 -
[28]
350 mil isk transferred. Sorry for the late payment but had pc issues.
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Lost Hamster
Hamster Holding Corp
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Posted - 2010.12.23 10:48:00 -
[29]
Originally by: cryojin
350 mil isk transferred. Sorry for the late payment but had pc issues.
Money have received. Contract with the collateral is up.
Many thanks.
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Shields are like pants, they're supposed to come off. Armor is like the condom once its gone ur ****ed |
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