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Isk Ho
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Posted - 2008.05.20 14:36:00 -
[1]
Hello everyone.
Firstly I'd like to say that yes, I am an alt, and no I dont want to reveal my main.
My main has never been involved in running any bonds or IPOs, although I have been a lurker and occaisional contributor to the MD section of the forums.
Isk Ho is a trader and as such was created in common with the 'Bouncer Ricdic' scheme to have some fun making isk from almost nothing. I started with the 5000 isk, single tritanium and damage control that all noobs start with, as well as the first 30 days GTC paid for by my main. Since then I have operated on GTC purchases paid for by my proceeds, which despite buying GTCs to maintain this account I have still amassed a 600m NAV.
The main problem I have is with liquidity. Hence offering this bond. I feel I can maintain a 20% monthly return on a 1B total comfortably, without losing any of my current bankroll, however in 'tough' months I accept that I should make up the shortfall in the same way that I will of course keep any additional monies made over the 20%. Hence this figure is fixed for the term. I'd like to make it initially 6 months and see where we go from there.
I am prepared to provide security in the form of liquid isk to be held by a trusted third party in the event of 'hit by bus scenario'. My main character has plenty of isk, but I felt since I am running this character independently of involvement from my other characters I would not 'invest in myself' however I am of course aware that there are trust issues which would require some element of backing. I am mainly running this bond to 'dip my feet in the MD waters' so to speak. If I dont make a big profit off it so be it. Its mainly experience I am after here :)
Please feel free to flame/ask questions as required.
No I'm not Reithe/Yougotripped or any of the 'MD clique' (yes I know there isnt one but that term has made me lol in the past).
xoxox Isk Ho
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Isk Ho
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Posted - 2008.05.20 14:37:00 -
[2]
Reserved for investor details.
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Kazzac Elentria
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Posted - 2008.05.20 14:39:00 -
[3]
Where might I turn my isk into paper so that I may burn it in the trash before investment? |
Isk Ho
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Posted - 2008.05.20 14:44:00 -
[4]
I have no intention of scamming, in fact if you read the OP you'll note I intend to back the investment with trusted party held isk.
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Kazzac Elentria
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Posted - 2008.05.20 14:46:00 -
[5]
Originally by: Isk Ho I have no intention of scamming, in fact if you read the OP you'll note I intend to back the investment with trusted party held isk.
Post with main and get the trusted party in then before hand. Then maybe we can start review of the OP |
jna
Caldari Black Ash Enterprises
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Posted - 2008.05.20 14:48:00 -
[6]
Originally by: Isk Ho
I am prepared to provide security in the form of liquid isk to be held by a trusted third party in the event of 'hit by bus scenario'. My main character has plenty of isk, but I felt since I am running this character independently of involvement from my other characters I would not 'invest in myself' however I am of course aware that there are trust issues which would require some element of backing. I am mainly running this bond to 'dip my feet in the MD waters' so to speak. If I dont make a big profit off it so be it. Its mainly experience I am after here :)
If you are providing 100% security in isk (which seems to be the case, as this really is an exercise in developing a 'Bouncer Ricdic'-style character from scratch), and depending on who the trusted third party is, then count me in for the full 1B. I understand if you might prefer multiple investors, in which case, I'll take the largest unit you wish to make available. ------------------------------------------------- Caeleste naves interretis res gravissimas sunt |
Isk Ho
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Posted - 2008.05.20 14:50:00 -
[7]
Well my initial thoughts would be to put the security isk into a E-bank account with confirmation from e-bank that they would hold the isk in trust until the bond has been fully finished, however to be fair I dont know whether a) e-bank would do this - I havent spoken with any of them to confirm its possible and b) investors would be happy with this?
As I already stated, I havent run any kind of investment before so I fully welcome all sensible suggestions, positive or negative.
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Isk Ho
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Posted - 2008.05.20 14:55:00 -
[8]
jna, I am interested. As far as number of investors are concerned it would certainly make it easier in terms of management.
How do you feel about the e-bank trust fund?
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jna
Caldari Black Ash Enterprises
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Posted - 2008.05.20 15:08:00 -
[9]
If ebank are willing to ring-fence the funds then I'm very happy indeed. ------------------------------------------------- Caeleste naves interretis res gravissimas sunt |
Roguehalo
Caldari RH Ship Brokers
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Posted - 2008.05.20 15:09:00 -
[10]
I'd be happy to put up 500m along with jna on the basis that it is secured by an Ebank deposit.
I'd be happy to make a smaller unsecured investment(200m) on the basis of what i've read so far
Welcome to the trading community
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Isk Ho
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Posted - 2008.05.20 15:23:00 -
[11]
Thanks :)
RH and jna, I'd like to speak with you both in a private chat before any isk changes hands. Of course I also need to speak with an e-bank person about the trust fund. I'll be in game in approx 2 hours time.
Thanks for the interest. I'm going to declare this bond closed to further investors for now.
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jna
Caldari Black Ash Enterprises
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Posted - 2008.05.20 15:24:00 -
[12]
Originally by: Roguehalo I'd be happy to put up 500m along with jna on the basis that it is secured by an Ebank deposit.
I'd be happy to make a smaller unsecured investment(200m) on the basis of what i've read so far
Welcome to the trading community
I'm very happy to go with Roguehalo's suggestion, and would recommend it to you as well Isk Ho - makes it less of a 'private financing' thing, and makes it easier for you to join in the community with progress, updates etc, rather than just evemailing me directly. ------------------------------------------------- Caeleste naves interretis res gravissimas sunt |
Shar Tegral
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Posted - 2008.05.20 15:29:00 -
[13]
Edited by: Shar Tegral on 20/05/2008 15:28:56
Originally by: Isk Ho a) e-bank would do this
Officially - We've talked about this kind of situation in the past however due to other programming priorities there is no specific functionality within the eBank framework to make this happen. Unofficially - Deposit 1b to Shar Tegral. I'll put the funds into the eBank account of an alt, for safekeeping purposes and your interest being earned, and attest to that fact. Suggestion: Only put up 50% of the cash as security. Makes it kind of pointless for you to put in "x" to get "x". Additionally, you can schedule additional buy ins to your project at a later time while the initial security is still being held. My only condition would be your API key. Not for background checks at all. Just for simple auditing purposes for later down the road when you really go for the ipo that you want to do. (IMHO This is just the appetizer.) Your trading secrets are safe with me as I don't involve myself, actively, in the market at all.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.05.20 17:38:00 -
[14]
there is actually a way to secure this whilst using the ebank interface.
A shared account owned by Shar that allows the OP as a user without withdrawal abilities.
And yes I agree this should be secured only to about 50% with maybe your main listed to Shar so it can be aired in the event of default. I would have also bought this thing out had i seen it before everyone else but not so much for the security more because it was inspired by my project
Good luck |
Isk Ho
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Posted - 2008.05.20 18:12:00 -
[15]
Originally by: Shar Tegral
Officially - We've talked about this kind of situation in the past however due to other programming priorities there is no specific functionality within the eBank framework to make this happen.
Unofficially - Deposit 1b to Shar Tegral. I'll put the funds into the eBank account of an alt, for safekeeping purposes and your interest being earned, and attest to that fact.
Suggestion: Only put up 50% of the cash as security. Makes it kind of pointless for you to put in "x" to get "x". Additionally, you can schedule additional buy ins to your project at a later time while the initial security is still being held.
My only condition would be your API key. Not for background checks at all. Just for simple auditing purposes for later down the road when you really go for the ipo that you want to do. (IMHO This is just the appetizer.) Your trading secrets are safe with me as I don't involve myself, actively, in the market at all.
Thanks. I'm happy to go with your proposal Shar, in fact I suggest you keep the interest earned as a 'fee'. My main really doesnt need to sit on the difference between the full 1b and 50% of it, so its fine to use the full isk figure. I'd like to speak to you ingame before I send the isk to you but have already had a good convo with jna. I'll post details of the bond agreement in the reserved post after I've spoken with Roguehalo.
Best wishes xoxox
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Roguehalo
Caldari RH Ship Brokers
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Posted - 2008.05.20 18:51:00 -
[16]
just let me know when to send the isk please
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YouGotRipped
Ewigkeit
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Posted - 2008.05.20 18:58:00 -
[17]
Edited by: YouGotRipped on 20/05/2008 19:04:07
Originally by: Isk Ho
No I'm not Reithe/Yougotripped or any of the 'MD clique' (yes I know there isnt one but that term has made me lol in the past).
xoxox Isk Ho
Heeeeeeey!
I read this thread too you know. Your offering seems legit and it's a pleasure to see that the secondary market is once again teeming with activity. Good luck!
P.S. n'th edit.
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Isk Ho
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Posted - 2008.05.20 21:12:00 -
[18]
lol, sorry YGR I didnt mean it in a nasty way
Thanks everyone for the support
*rainbows and hearts and stars all around*
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Shar Tegral
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Posted - 2008.05.21 20:38:00 -
[19]
Security Update
Isk Ho has deposited 1bn in funds with me. I will thus secure this venture to the tune of 1.5bn if the manager should default or abscond with the funds.
Yes, I have at the time of this post decide to secure this venture with an additional 50% of the security provided. I do not have full api key right now but the tentative disclosure of the main, awaiting confirmation, is someone I've had as an investor in most of my own bonds & projects. That being the case, I'm demonstrating some return loyalty.
If there's any space left in your venture, put me down for 250m of it.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
Roguehalo
RH Ship Brokers
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Posted - 2008.05.21 20:42:00 -
[20]
700m isk sent to Isk Ho
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Kazzac Elentria
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Posted - 2008.05.21 20:48:00 -
[21]
Originally by: Shar Tegral
Security Update
Isk Ho has deposited 1bn in funds with me. I will thus secure this venture to the tune of 1.5bn if the manager should default or abscond with the funds.
Yes, I have at the time of this post decide to secure this venture with an additional 50% of the security provided. I do not have full api key right now but the tentative disclosure of the main, awaiting confirmation, is someone I've had as an investor in most of my own bonds & projects. That being the case, I'm demonstrating some return loyalty.
If there's any space left in your venture, put me down for 250m of it.
Right then.. if that's the case mark me down for 250 as well. Get it sorted later tonight |
Isk Ho
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Posted - 2008.05.21 22:20:00 -
[22]
All systems go
Shar and Kazzac, I'd like to politely decline the offer of additional funding for now, since I want to ensure the safety and growth of the original 1.2B of funding. However, suffice it to say that should I either expand the bond, or create a new one after this has run its course I will give you both first refusal. I'm sorry but I really want to make sure I can walk before I run.
I intend to give regular updates in this thread, 700m isk investment received from Roguehalo today. Thanks RH. |
Shar Tegral
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Posted - 2008.05.21 22:36:00 -
[23]
Originally by: Isk Ho All systems go
Initial Audit Report: * Market Escrow (112) 0.00 -3,313,132,157.93 * Broker fee (233) 0.00 -49,282,074.08 * Player Donation (3) 1,700,000,000.00 -1,000,000,000.00 * Transaction Tax (278) 0.00 -15,943,155.62 * Market Transaction (278) 3,188,631,059.24 0.00 * Secure EVE Time Code Exchange (1) 0.00 -150,000,000.00 Do not try to infer anything from this report it is basically a copy and past of one month's overview from Ray's Sexy online wallet app. Also, this data is incomplete as the auditing has started in mid-stride of the activity. So there may seem to be more debt or credit than another. However, from being able to look at each transaction, from the 8th of May to today (1000 transactions/13 days is roughly 77 transactions per day), he does very good business indeed. And it is pure trade; from players to players. PS: I've written down all three names on the account but I'll need an eve-mail from your "main" for me to consider it confirmed. |
Shar Tegral
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Posted - 2008.05.21 22:39:00 -
[24]
Originally by: Shar Tegral PS: I've written down all three names on the account but I'll need an eve-mail from your "main" for me to consider it confirmed.
I'd have edited this out of the above post but I absolutely hate editing unless it is a grievious formatting or grammar error. But, I re-read my post, realized that there were three "player tradings" so I looked back. One was Rogue Halo's deposit, one was your deposit with me, and the very first one was your main depositing the security with Iskho. Confirmation enough for me. |
Kazzac Elentria
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Posted - 2008.05.22 00:01:00 -
[25]
Originally by: Isk Ho All systems go
Shar and Kazzac, I'd like to politely decline the offer of additional funding for now, since I want to ensure the safety and growth of the original 1.2B of funding. However, suffice it to say that should I either expand the bond, or create a new one after this has run its course I will give you both first refusal. I'm sorry but I really want to make sure I can walk before I run.
I intend to give regular updates in this thread, 700m isk investment received from Roguehalo today. Thanks RH.
Fair enough, good luck with this first stride. |
jna
Black Ash Enterprises
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Posted - 2008.05.22 07:28:00 -
[26]
500m sent to Isk Ho.
And can I also take this opportunity to thank Shar very much for not only facilitating, but also over-securing this bond. |
Isk Ho
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Posted - 2008.05.25 15:07:00 -
[27]
Quick update:
Its going tremendously well \o/ i'm not just walking, i'm already running :)
Shar and Kazzac, if you're still interested in putting in those offers I'm prepared to extend the bond by another 500m total, i've hit the liquidity wall again already! Give me a shout in game if you wish.
xox Isk
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flakeys
The Love Factory
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Posted - 2008.05.25 16:17:00 -
[28]
Send you a mail with a request to put in 500 mille to 1 bille if possible.
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Isk Ho
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Posted - 2008.05.25 16:38:00 -
[29]
Hi flakeys, sorry I was afk so missed you ingame. Shar and Kazzac have first refusal, I'll let you know if there is any space for more investment after that. Please bear in mind that your investment would be unsecured.
Best wishes IH xx
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flakeys
The Love Factory
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Posted - 2008.05.25 16:46:00 -
[30]
Thanks , let me know please even if they do invest so i can look for another investment.
On the unsecured part: i know and personally don't mind at all.I invest what i can afford to loose just like in pvp and have good faith in you.
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