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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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Isk Ho
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Posted - 2008.05.20 14:44:00 -
[3]
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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Isk Ho
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Posted - 2008.05.20 14:50:00 -
[4]
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 -
[5]
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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Isk Ho
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Posted - 2008.05.20 15:23:00 -
[6]
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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Isk Ho
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Posted - 2008.05.20 18:12:00 -
[7]
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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Isk Ho
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Posted - 2008.05.20 21:12:00 -
[8]
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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Isk Ho
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Posted - 2008.05.21 22:20:00 -
[9]
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. |
Isk Ho
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Posted - 2008.05.25 15:07:00 -
[10]
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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Isk Ho
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Posted - 2008.05.25 16:38:00 -
[11]
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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Isk Ho
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Posted - 2008.05.26 21:52:00 -
[12]
OK flakeys its a go. I'm having PC problems today so struggling to log in, but please feel free to transfer the isk.
Thanks
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Isk Ho
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Posted - 2008.05.31 14:55:00 -
[13]
End of May update
Trading going swimmingly. Just a quick report and a small payout(!)
Starting Funds Roguehalo 700m paid 21/05/08 jna 500m paid 22/05/08 flakeys 500m paid 27/05/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 31/05/08 2891m
Since this is a fixed bond all payouts are at the 20% per month figure, and the original position was to pay out only on whole months starting June. However since things are going so well I'm making a special payment to the investors based off the period between their investment date and today.
Roguehalo 42m (9 days) jna 27m (8 days) flakeys 13m (4 days)
Thanks everyone! More reportings in a months time! xx
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Isk Ho
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Posted - 2008.06.30 08:16:00 -
[14]
End of June report
Trading faltered a little in the second half of the month, however diversifying my product portfolio still brought in growth. Payout will be made later today when I get in game.
Starting Funds Roguehalo 700m paid 21/05/08 jna 500m paid 22/05/08 flakeys 500m paid 27/05/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 30/06/08 3998m
This would have been higher but I also took the opportunity to pick up a 90 day GTC rather than my usual 30 day in light of the removal of these by CCP. Paid 395m for it.
Payout to investors as follows @ 20%
Roguehalo 140m jna 100m flakeys 100m
New NAV 3658m
Next report and payout will be approx 30th July (a day early due to RL holiday). Love to all! xx |
Isk Ho
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Posted - 2008.06.30 18:20:00 -
[15]
June payout done.
I dont have a problem with the removal of security if the investors dont.
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Isk Ho
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Posted - 2008.06.30 19:18:00 -
[16]
Marchello I dont currently need any additional investment, however I will certainly give you first chance on any future bond or planned expansions to this one. Sorry for the negative response.
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Isk Ho
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Posted - 2008.07.03 08:19:00 -
[17]
Shar I think jna probably hasnt read this and its now dropped off the first page. When I spoke to you the other day you seemed anxious to move this along. I propose to push ahead based on the current 'votes' to go fully unsecured. If jna has a problem with this then resecuring some of the investment with a lower collateral (probably non liquid) could be considered. Please feel free to return the billion isk to my main, keeping any ebank interest for yourself as a 'fee' for your time.
Thanks RH and flakeys for the vote of confidence.
xxx IH
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Isk Ho
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Posted - 2008.07.03 19:19:00 -
[18]
Originally by: jna
Sorry, RL caught up with me for the last few.
Yes, I'm very happy with returning the security to you, as I'm sure you can put it to far better use. Generally a great performance so far, and I'm very pleased with my investment.
hehe thanks jna
Security returned by Shar Tegral. Thanks all x
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Isk Ho
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Posted - 2008.07.30 08:09:00 -
[19]
End of July report
Growth has been steady, there has been depression in the markets I deal in but even during these times a patient trader can continue to make money. The bond has changed a little this month as you may have read above, it is now 100% unsecured, and the investor funding has been reduced due to cashing out of Roguehalo. Again thanks for the support.
Starting Funds Roguehalo 700m paid 21/05/08 CASHED OUT 13/07/08 jna 500m paid 22/05/08 flakeys 500m paid 27/05/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 30/06/08 3658m (includes 1700m investor funds) NAV at 30/07/08 4624m (includes 1000m investor funds)
Also this month I bought myself a sig which I paid for by buying the sig maker a sweet ship. I can thoroughly recommend Aberash for all your sigmaking needs, he was very accomodating and a thouroughly friendly chap to boot.
Payout to investors as follows @ 20%
jna 100m flakeys 100m
New NAV 4424m
Next report and payout will be 31st August. Just to reiterate, I will be on holiday (Carribean cruise ftw!) until 18th/19th August so next month's trading will be less than stellar, however this will not in any way affect the payout. Have fun all! Lots of love!
Isk xx
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Isk Ho
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Posted - 2008.09.01 09:09:00 -
[20]
End of August report
Hi Guys and Gals, back for another Ho report. No great expectations for August due to my vacation (fantastic, cant recommend cruising enough - like a hotel which travels around with you!)
Starting Funds Roguehalo 700m paid 21/05/08 CASHED OUT 13/07/08 jna 500m paid 22/05/08 flakeys 500m paid 27/05/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 30/06/08 3658m (includes 1700m investor funds) NAV at 30/07/08 4624m (includes 1000m investor funds) NAV at 31/08/08 5045m (includes 1000m investor funds)
I gave a couple of mil to noobs in STI corp because I was in a good mood.
Payout to investors as follows @ 20%
jna 100m flakeys 100m
New NAV 4845m
I was pleased to hit 5B total NAV this month (prior to payout), I have high hopes for September as people return to the game after the quiet summer time. I am also looking to form partnerships with producers for the purposes of reselling. Please contact me if this is of interest - I'd love to sell your crap for you! (no scams pls x)
Isk xx |
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Isk Ho
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Posted - 2008.09.30 09:01:00 -
[21]
End of September report
ZOMG I did well this month
Starting Funds Roguehalo 700m paid 21/05/08 CASHED OUT 13/07/08 jna 500m paid 22/05/08 flakeys 500m paid 27/05/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 30/06/08 3658m (includes 1700m investor funds) NAV at 30/07/08 4624m (includes 1000m investor funds) NAV at 31/08/08 5045m (includes 1000m investor funds) NAV at 30/09/08 7833m (includes 1000m investor funds)
Payout to investors as follows @ 20%
jna 100m flakeys 100m
New NAV 7633m
I think September is likely to be an unbeatable month. I'm certainly going to keep an eye on this next year. However based on my calculations if I keep achieving at least my 4 month daily average profit I should exceed 10B NAV by the end of the bond period. Fly safe people :)
Isk xx
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Isk Ho
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Posted - 2008.09.30 14:37:00 -
[22]
Originally by: flakeys
I was wondering the other day if/when you would either stop this and maintain with your own wallet OR make the input of investors bigger or a whole new IPO/Bond offer.Are any of these in your plans at the moment?ust curious.
To be honest there have been times when my cash on hand has increased and exceeded my ability to utilise it. At these points I have thought about cashing out the bond. However, this excess has pushed me into directions I probably wouldnt haver otherwise taken which have yielded additional profits. I am not averse to investors cashing out (as shown with RH) but while I still have the capital I'm happy to find more ways to use it.
The invested isk is still the best anti-burnout force I've found to keep me trading I think at the end of November when the 6 month period ends I will either take a break and think about my next steps as a trader or perhaps I will have a more longer term plan. Heh, maybe I'll go back to playing properly on my 'main'. Its hard to tell which is the main these days and which is the alt. x
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Isk Ho
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Posted - 2008.10.31 13:37:00 -
[23]
End of October report
October was a so-so month. Some market PVP, manipulations etc happening, but I've been having RL issues including PC problems preventing me from getting stuff done sad panda
Further to this, I had a request from flakeys to cash out at the end of the month. Full October dividend was paid along with the investment refunded. flakeys I'd appreciate you confirming reciept if you read this :)
Now down to the one investor! JNA if you'd like to cash out before the end of the month let me know otherwise I'll keep running the bond till the expected closure.
Starting Funds Roguehalo 700m paid 21/05/08 CASHED OUT 13/07/08 jna 500m paid 22/05/08 flakeys 500m paid 27/05/08 CASHED OUT 31/10/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 30/06/08 3658m (includes 1700m investor funds) NAV at 30/07/08 4624m (includes 1000m investor funds) NAV at 31/08/08 5045m (includes 1000m investor funds) NAV at 30/09/08 7833m (includes 1000m investor funds) NAV at 31/10/08 9462m (includes 1000m investor funds)
Payout to investors as follows @ 20%
jna 100m flakeys 100m (+ 500m)
New NAV 8762m
I'm hoping the RL issues will finish soon so hopefully November will close on a high note. Keep smiling everyone :)
Isk xx
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Isk Ho
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Posted - 2008.11.13 11:48:00 -
[24]
Thanks Shar! Wait till you see the graph I've been generating over the last few months for the final report.... xx
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Isk Ho
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Posted - 2008.11.13 11:50:00 -
[25]
lol I just noticed I forgot to change the thread title when I did the last report. Updated now
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Isk Ho
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Posted - 2008.11.18 15:34:00 -
[26]
:confused: I dont have anything to do with eBank?
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Isk Ho
Caldari
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Posted - 2008.11.30 15:43:00 -
[27]
FINAL REPORT - BOND SUCCESFUL AND PAYOUT MADE
Well, its been a blast people! I've been working my little butt off this month! Final dividend and capital repayment have been sent, and i'm taking a break!
Starting Funds Roguehalo 700m paid 21/05/08 CASHED OUT 13/07/08 jna 500m paid 22/05/08 CASHED OUT 30/11/08 flakeys 500m paid 27/05/08 CASHED OUT 31/10/08
Isk Ho 730m initial NAV @ 21/05/08
Total 2430m
NAV at 30/06/08 3658m (includes 1700m investor funds) NAV at 30/07/08 4624m (includes 1000m investor funds) NAV at 31/08/08 5045m (includes 1000m investor funds) NAV at 30/09/08 7833m (includes 1000m investor funds) NAV at 31/10/08 9462m (includes 1000m investor funds) NAV at 30/11/08 13040m (includes 500m investor funds)
Payout to investors as follows @ 20%
jna 100m (+500m investment)
New NAV 12440m
As promised, here is a little performance graph I've been keeping since the start
Linkage
Phew! (green dots show dates of interest payouts, GTC is where I bought game time )
I'm taking a month off to spend some quality pew pew time on my main. Thanks to all parties, especially the investors and also special thanks to Shar for the audit and kind words.
See you in the new year for a possible new bond opportunity! Isk xx
Your signature is too large - Mitnal
Last night a mod ate my sig, last night a mod ate my sig - Mitnal broke my heart :( |
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