| Author |
Topic |
RaWBLooD |
Posted - 2008.05.18 03:42:00 - [ 1]
I am a trader first. I am always looking around the market for bigger and better chances than what I am doing. I see a lot of chances I can take right now and so I want to get more capital to get the best out of everything.
So I am getting a dutch auction going for a 8 billion isk loan. I will pay interest every two months. The interest rate would start at 16% and then you get to bid an amount of shares with the interest you want going lower in the process.
I plan to keep this loan out for at least a year but I may honour individual withdrawals if due time is given of up two weeks in advance. I will only pay interest on entire months so for those knowing they might make withdrawals I suggest letting me know early.
The risks for you include me running away with the isk or getting hit by a bus that both result in you seeing no returns. I would say that running away with isk would be pointless because I don't really spend isk on anything that doesn't make more isk. It is up to you to decide if this is worth your risk.
If you have any questions please ask them in this thread and not in eve. I am not offering security. I will not divulge my trading methods. I will not post my api. I am not asking anyone I have done business with to vouch for me. This is a loan to me and my reputation not to someone that might vouch for me.
I will have this thread open up to 8 days. I may choose to end it earlier and then counting from the last posts I will add up 8 billion and the highest rate is what everyone gets. I reserve the right to call off the auction. Don't send isk until the auction is over. |
Kwint Sommer
Caldari
Deep Core Mining Inc.
|
Posted - 2008.05.18 04:34:00 - [ 2]
I see you had a previous public offering in which Ricdic appears to have bought all of the shares. I would appreciate him posting to confirm that things went well. Pending a positive response from Ricdic, I'll get you started at 16% for all 8B.  |
Kazuo Ishiguro
House of Marbles
|
Posted - 2008.05.18 18:53:00 - [ 3]
I'll take 1bn isk at 15.9999%, or whatever the minimum bid decrement is supposed to be. |
LaVista Vista
Conservative Shenanigans Party |
Posted - 2008.05.18 18:55:00 - [ 4]
Are you in family with rawcola? That would maybe increase trust!  |
RaWBLooD |
Posted - 2008.05.19 01:01:00 - [ 5]
In case anyone is unfamiliar with this type of auction , you can look here. The major differences are that you are bidding to give my the loan and that there are no shares or bonds to distribute. The minimum bid increment should be half a percent. If It wasn't clear the 16% interest is for two months because thats how often I will make payments. Yes I did make a thread asking for isk before and I don't know if Ricdic has time to reply. I don't know rawcola or anyone that spells their name like mine. Don't hesitate to post something even if you aren't bidding. |
Roguehalo
Caldari
State Protectorate
|
Posted - 2008.05.19 01:09:00 - [ 6]
"If you have any questions please ask them in this thread and not in eve. I am not offering security. I will not divulge my trading methods. I will not post my api. I am not asking anyone I have done business with to vouch for me. This is a loan to me and my reputation not to someone that might vouch for me"
I don't know you and your attitude suggests you can get your investment from people who DO know you and therefore you could care less about what people who DON'T know you think.
So guess I'm gonna pass on this |
EBANK Ricdic
Eve-Tech Savings n Loans |
Posted - 2008.05.19 02:16:00 - [ 7]
Yep the OP has had previous investments and I have bought into or bought out most of them. He hasn't released any of this size before but I think I have dealt with him unsecured around the 1b mark.
He has always made repayments on time and of the correct amounts. I didn't post it earlier as his post said he didn't want people to say anything about his previous business practices. |
EBANK Ricdic
Eve-Tech Savings n Loans |
Posted - 2008.05.19 02:16:00 - [ 8]
To get the ball rolling I will put down 6b at 15% |
RaWBLooD |
Posted - 2008.05.19 02:24:00 - [ 9]
 Originally by: Roguehalo
I don't know you and your attitude suggests you can get your investment from people who DO know you and therefore you could care less about what people who DON'T know you think.
So guess I'm gonna pass on this
There isn't much to think about here except if you trust me and the lowest rate you can handle. Originally by: EBANK Ricdic
I didn't post it earlier as his post said he didn't want people to say anything about his previous business practices.
Some feedback is a must if I want to be considered for my reputation but I don't expect or require anyone to post. |
Kazuo Ishiguro
House of Marbles
|
Posted - 2008.05.19 09:21:00 - [ 10]
Bid revision: 2bn @ 15% |
Roemy Schneider
Vanishing Point. |
Posted - 2008.05.19 10:02:00 - [ 11]
Edited by: Roemy Schneider on 20/05/2008 03:47:39 Originally by: EBANK Ricdic
[...]I didn't post it earlier as his post said he didn't want people to say anything about his previous business practices.
this, so i will not go into detail, either. suffice to say i've dealt with rawcola rawblood (d4mmit folks) in the 5 bil'ish area for *count* a little over nine months. the termination of our agreement had nothing to do with him - i've lost faith in the secondary market and/or MD and (re)started to put the stuff to work on my own. that's also why i'm not going to participate this time. that and i've been spoiled by last year's interest rates ^^ |
Roemy Schneider
Vanishing Point. |
Posted - 2008.05.19 22:36:00 - [ 12]
uhm... was it something i said...?  |
EBANK Ricdic
Eve-Tech Savings n Loans |
Posted - 2008.05.20 01:44:00 - [ 13]
|
Amarr Citizen 155
Amsen Innovations
|
Posted - 2008.05.20 03:38:00 - [ 14]
Originally by: RaWBLooD
Originally by: EBANK Ricdic
I didn't post it earlier as his post said he didn't want people to say anything about his previous business practices.
Some feedback is a must if I want to be considered for my reputation but I don't expect or require anyone to post.
Ok, time to chime in. You want us to invest based only on your reputaton and you aren't willing to provide any other information BUT you don't care if those indiiduals who can speak on your behalf post here or not. I'm confused. Maybe you or someone else can clear this up for me. An investment based ONLY on your reputation, but you don't care if anyone comes forward to confirm or deny your reputation. So really you only want people to invest that have worked with or invested in you in the past?? |
Kwint Sommer
Caldari
Deep Core Mining Inc.
|
Posted - 2008.05.20 04:33:00 - [ 15]
|
Meg Powers
Caldari
Perkone |
Posted - 2008.05.20 09:36:00 - [ 16]
Well it look slike the 8b required has gone to ric, kwint et al.
Rawl: Any more isk required or is this opportunity now closed?
I show 16%, 15.5% and a 15% interest rate gone atm, this correct?
|
EBANK Ricdic
Eve-Tech Savings n Loans |
Posted - 2008.05.20 10:19:00 - [ 17]
Edited by: EBANK Ricdic on 20/05/2008 10:19:28
It's a dutch auction so you can bid at any percent you like. IE you could bid 8b @ 14% and that would mean you would be beating both Kazuo and me |
Kazuo Ishiguro
House of Marbles
|
Posted - 2008.05.20 10:21:00 - [ 18]
I'd like to revise my bid to 15.5%, since no-one else seems to be interested. |
MilowFV
Echo Heavy Industries
Novus Ordo Mundi |
Posted - 2008.05.20 11:27:00 - [ 19]
I like to bid 200 million @ 15 percent. |
flakeys
T.H.U.G L.I.F.E
The Volition Cult |
Posted - 2008.05.20 13:56:00 - [ 20]
Edited by: flakeys on 20/05/2008 14:38:451 Billion at 15 % please since the other one was put back to 15.5 % by kazuo  |
Kwint Sommer
Caldari
Deep Core Mining Inc.
|
Posted - 2008.05.20 19:09:00 - [ 21]
Originally by: Kazuo Ishiguro
I'd like to revise my bid to 15.5%, since no-one else seems to be interested.
Nothing personal, but that's really poor form. At least you did it several days before th close of that auction but a bid is still considered binding and that's a really crappy reason to change it.  |
Kazuo Ishiguro
House of Marbles
|
Posted - 2008.05.20 21:46:00 - [ 22]
Edited by: Kazuo Ishiguro on 20/05/2008 21:46:36
It was a request, nothing more. It's up to the OP to decide on what's binding and what's not, and I'd have understood perfectly well if he'd decided not to accept the retraction.
Anyway, since I've been outbid (or is that underbid?), my new offer is 1bn at 14.5% |
flakeys
T.H.U.G L.I.F.E
The Volition Cult |
Posted - 2008.05.21 09:15:00 - [ 23]
|
Demtalin le'Mercennaire
The Arrow Project
Morsus Mihi |
Posted - 2008.05.21 14:15:00 - [ 24]
I'm kind of confused what the current situation is.
Is it
6bil @ 15%
1bil @ 15%
1bil @ 14.5% ????
If so can I put in 100mil @ 14.5%
Note: I'm not fully sure how dutch auctions work, sorry if I got it wrong. |
flakeys
T.H.U.G L.I.F.E
The Volition Cult |
Posted - 2008.05.21 14:42:00 - [ 25]
Edited by: flakeys on 21/05/2008 14:58:13
To say it simple your bidding down instead of up.So at the end of the auction he will take the 8 bille of the people who bid the lowest percentage.
-----------------
Example:
lowest is 1bille at 14%
3bille at 14.5%
4bille at 15%
Keep in mind that the ones who posted the 15% first will get it first.
SO if you and i both bid 2.5 bille at 15% but i was the first to make this bid then i will get my cut in first then what's left is your cut.Since there was only 4 bille left and 2.5 + 2.5 is still 5bille.So you could invest 1.5bille instead of 2 as your original bid was.
-----------------
Anyone correct me if i am wrong though but this is how i see it.
|
RaWBLooD |
Posted - 2008.05.23 02:58:00 - [ 26]
Quote:
Ok, time to chime in. You want us to invest based only on your reputaton
Yes. Quote:
So really you only want people to invest that have worked with or invested in you in the past??
No. I posted here to give everyone an opportunity. Originally by: Meg Powers
Well it look slike the 8b required has gone to ric, kwint et al.
Rawl: Any more isk required or is this opportunity now closed?
I show 16%, 15.5% and a 15% interest rate gone atm, this correct?
The dutch auction system works so that you can bid at 1% and that assures you will get a peace of the pie while you will probably be getting much more than 1%. You can bid at the same rates and you should probably bid lower to make sure you get in. Thanks to everyone who has placed a bid. Small bids are welcome and have better chances than in a traditional offering because of the nature of this auction. Again, I would like to refer everyone to wikipedia for a good explanation of how it works in detail. In short it allows you to get some of the offering by placing a low interest bid and then get paid a far higher interest. |
Lo Lightshard
4 wing
Mostly Harmless |
Posted - 2008.05.23 04:18:00 - [ 27]
500M @ 14%
Cheers, |
Kazuo Ishiguro
House of Marbles
|
Posted - 2008.05.23 07:49:00 - [ 28]
Edited by: Kazuo Ishiguro on 23/05/2008 07:49:47
Bid summary (including my own latest bid as of this post):
Kwint Sommer: 8bn @ 16%
EBANK Ricdic: 6bn @ 15%
Kazuo Ishiguro: 1bn @ 14%
Flakeys: 1bn @ 15%
Demtalin: 100m @ 14.5%
Lo Lightshard: 500m @ 14% |
Calgorac
The Arrow Project
Morsus Mihi |
Posted - 2008.05.23 09:26:00 - [ 29]
Ive delt with rawblood before thru one of my other mains "Sixta" for a loan of under 500m . The loan terms were fairly steep and he repaid ontime and fully.
that said I have liquidity problems so cant invest... |
Roguehalo
Caldari
State Protectorate
|
Posted - 2008.05.23 09:42:00 - [ 30]
hmm I've reconsidered and I bid
1b @14.9% |
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