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Dzil
Caldari
Caldari Independent Navy Reserve
The Fourth District
Posted - 2009.11.24 17:26:00 - [1231]
 

Will send prize today
No API Requirement!
You are all winners.

Xan Zavier
Gallente
Forever Dead Forever Cloned
Posted - 2010.02.17 23:34:00 - [1232]
 

At this point, my opinion is probably not worth much to anyone here, but I am sticking with E-Bank through this, and hope to see it succeed. I have an outstanding loan (with collateral) that I will continue to pay back. If there is no E-Bank left when I am through paying back the loan, at least I will have made good on my word. With my limited visibility into E-bank, I believe you are making the right decision, although tough and maybe eventually irrecoverable.

The lack of government controls offers unique challenges to a bank running in EVE, something that adds to the excitement of the game itself. Sure, we could get scammed, but that's the point of the game. Of all the similar IRL situations that banks have dealt with in history, a freeze probably is in the best interest of everyone. If it postpones an eventual dissolution, then oh well, the most investors can lose is some virtual currency (and time) in a game where piracy is as legitimate as running a business.

RAW23
Posted - 2010.03.21 11:40:00 - [1233]
 

Edited by: RAW23 on 21/03/2010 11:43:42
Edited by: RAW23 on 21/03/2010 11:40:03
So, now that the other thread has been locked at the Chairman of EBANK's request, I assume this is the thread through which customers and the public will be able to contact EBANK. Sensible move to consolidate things into one thread.

As an EBANK customer I would like to ask two questions:

Quote:

Liquidation Methods
* EBANK has agreed to offer account holders access to limited liquidation withdrawals. ISK will become available for withdrawals once per month as profit above an asset valuation of 700b becomes available. The value of the actual withdrawal will be established as the percentage difference between our estimated NAV and known liabilities. A liquidation fee of 5% will be levied against all such withdrawals.
* We advise that these NAV estimations are not entirely accurate, and could be wrong either way by as much as 10%, thus you could be loosing up to 15% by taking this option.
* We will advise when these withdrawals will be allowed each month, and withdrawals will be issued on a first-come, first-served basis. Once all available capital above the 700b limit is liquidated, any remaining withdrawals will be cancelled and you will have to wait until the next month to attempt a liquidation withdrawal.



Will such withdrawals be made available this month? And will BLEEP be implemented in time for the first batch of withdrawals?

/hug

Ray McCormack
Nordar Innovations.
Posted - 2010.03.21 13:26:00 - [1234]
 

Shame, poor baby can't read too well. Here, let me spell it out for you with quotes from previous replies answering your same inane questions:

Originally by: RAW23
Will such withdrawals be made available this month?
Originally by: Ray McCormack
We will advise when these withdrawals will be allowed each month


Originally by: RAW23
And will BLEEP be implemented in time for the first batch of withdrawals?
Originally by: Ray McCormack
BLEEP will be implemented when it becomes a requirement for people to withdraw or liquidate their ISK, before that my time is better spent elsewhere.


RAW23
Posted - 2010.03.21 13:39:00 - [1235]
 

Originally by: Ray McCormack
Shame, poor baby can't read too well. Here, let me spell it out for you with quotes from previous replies answering your same inane questions:

Originally by: RAW23
Will such withdrawals be made available this month?
Originally by: Ray McCormack
We will advise when these withdrawals will be allowed each month


Originally by: RAW23
And will BLEEP be implemented in time for the first batch of withdrawals?
Originally by: Ray McCormack
BLEEP will be implemented when it becomes a requirement for people to withdraw or liquidate their ISK, before that my time is better spent elsewhere.




I can read fine thanks.

My question wasn't when this month but if this month?

Ray McCormack
Nordar Innovations.
Posted - 2010.03.21 14:15:00 - [1236]
 

Originally by: RAW23
My question wasn't when this month but if this month?

And what part of the answer don't you understand? If and when, we will announce it. Capiche?

RAW23
Posted - 2010.03.21 14:34:00 - [1237]
 

Edited by: RAW23 on 21/03/2010 14:34:14
Originally by: Ray McCormack
Originally by: RAW23
My question wasn't when this month but if this month?

And what part of the answer don't you understand? If and when, we will announce it. Capiche?



Ah - ok. So you are no longer following what you said in the post I quoted? It's now a case of you may allow withdrawals when assets climb above 700bil, rather than you will allow withdrawals as you promised previously. Thanks. I understand fully now. I hope you can see why I was somewhat confused though as you did say you were going to be doing one thing but are now not going to be following through with that plan and you hadn't made any announcement declaring the change.

Might I suggest you edit the quoted post, so that it accurately reflects your new policy, to read (words to be removed are underlined, suggested additions appear bolded in square brackets):

Liquidation Methods
* EBANK has agreed to offer account holders access to limited liquidation withdrawals. ISK will [change to "may"] become available for withdrawals once per month as profit above an asset valuation of 700b becomes available. The value of the actual withdrawal will be established as the percentage difference between our estimated NAV and known liabilities. A liquidation fee of 5% will be levied against all such withdrawals.
* We advise that these NAV estimations are not entirely accurate, and could be wrong either way by as much as 10%, thus you could be loosing up to 15% by taking this option.
* We will advise [insert "if and"] when these withdrawals will be allowed each month, and withdrawals will be issued on a first-come, first-served basis. Once all available capital above the 700b limit is liquidated, any remaining withdrawals will be cancelled and you will have to wait until the next month to attempt a liquidation withdrawal [insert "if withdrawals are permitted in the next month"].

Ray McCormack
Nordar Innovations.
Posted - 2010.03.21 14:43:00 - [1238]
 

That doesn't even make sense. I'm done wasting my time with you.

RAW23
Posted - 2010.03.21 14:46:00 - [1239]
 

Edited by: RAW23 on 21/03/2010 14:49:35
Edited by: RAW23 on 21/03/2010 14:49:06
Originally by: Ray McCormack
That doesn't even make sense. I'm done wasting my time with you.



It makes perfect sense Ray. You had previously said that when assets went above 700bil you would (without any conditionals to qualify the statement) allow withdrawals. You are now saying that you may allow withdrawals. Saying you will do something differs from saying you might do something. It's a pretty basic concept and I'm surprised you can't understand it.

Edit - Ok. I think I might see where I was going wrong. You say "as profit above an asset valuation of 700b becomes available". Perhaps you meant that NAV going over 700bil might not equate with those profits being available? If so, could you clarify under what circumstances profit will become available?

Ray McCormack
Nordar Innovations.
Posted - 2010.03.21 14:52:00 - [1240]
 

Originally by: RAW23
If so, could you clarify under what circumstances profit will become available?

When you stop being such a pedant. You're picking apart word semantics now, how is any of this constructive? I've answered your lame ****ing questions now, get over yourself.

Ji Sama
Caldari
Tash-Murkon Prime Industries
Posted - 2010.03.21 14:55:00 - [1241]
 

OMG RAY SAID USED THE F WORD!

Breaker77
Gallente
Reclamation Industries
Posted - 2010.03.21 14:57:00 - [1242]
 

Originally by: Ray McCormack
I've answered your lame ****ing questions now, get over yourself.



You haven't answered anything. All you've done is dodged questions with vague answers.

If anyone else in EVE did what you are doing they would be listed as a scammer by damn near every player.

You have absolutely no idea what you are doing and are enjoying holding everyones ISK hostage with extreme conditions on the premise that they might get it back someday.

EBank would be better off either closing down or getting someone who knows what they are doing to run it.

RAW23
Posted - 2010.03.21 15:08:00 - [1243]
 

Edited by: RAW23 on 21/03/2010 15:09:12
Originally by: Ray McCormack
Originally by: RAW23
If so, could you clarify under what circumstances profit will become available?

When you stop being such a pedant. You're picking apart word semantics now, how is any of this constructive? I've answered your lame ****ing questions now, get over yourself.



I'm not trying to be pedantic. I'm just trying to understand what you mean by your statements, what you are committed to doing and what you might do but are not committed to doing. The fact that you can make multiple insulting posts whenever I ask something but never actually attempt to answer the question is pretty annoying. You could save both of us a lot of time if you put more effort into trying to communicate and less effort into propping up your image of being a self-declared "****" and some kind of internet spaceships hard man.

So, to try one more time, did I get it right in my last post? Are withdrawals conditional not just on NAV but on availability? And if so, what does this mean? The reason I think this is an important question is because if you say availability rather than NAV is the final test, you could also say that none of the money will become available any time soon because it is being reinvested in various projects. Which would be a fair enough answer. But I think some sort of answer is in order because at least some people (myself included and, from reading the threads, a good few others) have understood the initial promise of withdrawals as being based more fundamentally on NAV levels rather than operational decisions within the business.

If availability is the main test then that could mean that even if NAV stays above 700bil for a year or more the excess might never become available for withdrawal because you have plans for using it. As I've said, this isn't an unreasonable position but it would be nice to know if it is actually the position.

SetrakDark
DarkCorp Citizens Holdings
DarkCorp Citizens
Posted - 2010.03.21 15:11:00 - [1244]
 

Originally by: Breaker77
EBank would be better off either closing down or getting someone who knows what they are doing to run it.


I don't think they'd let Ray close it down even if he wanted to, and they definitely won't bring someone else on who would (and it's what any sensible manager would do). So the question is how long Ray will grind away at a pointless task for vainglorious wannabe internet spaceship bankers who can't even manage their own disastrous failure, but don't have the common sense and decency to close it down.

paulg
Gallente
Red Sun Industries
Fatal Ascension
Posted - 2010.03.21 15:19:00 - [1245]
 

I wish people would get off Ray McCormack's and other ebank staff backs
They are trying to do they best.
I would only guess at how many hours they have spent sorting this mess out.
As i have some investment in ebank
I like to say "" THANK YOU "" and please keep up the good work you are trying to do..........

Breaker77
Gallente
Reclamation Industries
Posted - 2010.03.21 15:22:00 - [1246]
 

Originally by: paulg
I wish people would get off Ray McCormack's and other ebank staff backs
They are trying to do they best.
I would only guess at how many hours they have spent sorting this mess out.
As i have some investment in ebank
I like to say "" THANK YOU "" and please keep up the good work you are trying to do..........



There is already a thread for your kind Very Happy

Ray McCormack
Nordar Innovations.
Posted - 2010.03.21 15:28:00 - [1247]
 

Originally by: RAW23
I'm just trying to understand what you mean by your statements

I'm not your kindergarten teacher, understand it on your time like the rest of the big boys.

And Breaker77, suck it man.

CCP Navigator


C C P
C C P Alliance
Posted - 2010.03.21 15:53:00 - [1248]
 

This thread is now degenerating into senseless trolling.

Thread will be locked and EBANK reps can create a new thread when there is something to announce.


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