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blankseplocked Want turn your money into an ISK machine? Read this!
 
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Gaelen
Gallente
The Scope
Posted - 2003.07.09 13:23:00 - [1]
 

Do you have a bunch of ISK sitting around in your wallet? Would you like to be able to put them to work for you? Well, now you can!


Akston Finance (a financial division of Taggart Transdimensional, Inc.) is PROUD to offer a bond issue under the following terms:
-----------------------------------------------

The Bond is NOT guaranteed by Akston Finance, Taggart Transdimensional, Inc. or any subsidiary of TTI.

The bond is being underwritten by Akston Finance, but the issuer (and thus the guarantor of the bonds) is Zedem Mion, a member in good standing with TTI.

Akston Finance will be administering the repayment of the bonds.

-----------------------------------------------

The purpose of this bond issue is to purchase a Blueprint (original) of a Battleship. Revenue will be generated to repay these bonds from both sale of a limited number of copies and in the actual production and sale of the battleships themselves.

-----------------------------------------------

Terms of the bonds are as follows:

Bond face/redemption value: 1,000,000 ISK
Weekly Coupon/payment*: 150,000 ISK paid to each bondholder for each bond held.
Maturity: 8 weeks from date of issue.
Early Call Provision: 1,050,000 ISK per bond. Bonds callable after the second week in part or in full.


*- The first payment will not occur until the second week after the date of issue.


All bonds are being offered in a "Dutch Auction" fashion, so the highest bidders over the face value of 1,000,000 per bond will receive priority in the bond purchase, and continue until all the bonds available are sold. The minimum bid per bond is 1,000,000 ISK. There is a limited supply of these bonds (the amount is not being dislosed at the request of the bond issuer).

Submit your sealed bid for the bonds to gaelen@taggarttransdimensional.com, indicating how many and what price you are willing to pay (the floor price is 1,000,000 ISK per bond). Also provide your in-game character name, so that when bonds are issued, we can notify you of this and also pay the weekly coupon. This auction will be open to all of the EVE community, and will close on Friday, July 11, 2003, at 24:00 GMT.

Bonds will be issued on Monday, July 14, 2003, provided the minimum bond sale required by the bond issuer is met. At the option of the bons issuer, the close date and the issue date may be amended. If sufficient interest is not found, the bonds will not be issued.



Gaelen
Gallente
The Scope
Posted - 2003.07.09 16:19:00 - [2]
 

*BUMP*

Lijah Reaper
Caldari
Posted - 2003.07.09 16:36:00 - [3]
 

You should buy these bonds.

*bump*

Hralti
Posted - 2003.07.09 16:44:00 - [4]
 

Am I correct in this assessment:

If one gets a bond at base value (1,000,000 isk) they will basically get a profit of 50,000 isk after 2 months?

Seems pretty low... that averages to slightly over 6,000 isk per week, for tieing up 1 million?

Lijah Reaper
Caldari
Posted - 2003.07.09 16:47:00 - [5]
 

No... I don't think that is it at all.

150,000 per week, 8 weeks.

1,200,000 ISK is your profit, over 8 weeks, per 1,000,000 ISK bond you buy.

The 50,000 is only if you jump out before 2 weeks is past. In other words, if you break out of the bond agreement, you will still get 50k for your trouble.

Seems like a good deal to me, even with the fact that you will have to bid for the bonds.

Thomas Ismay
Caldari
Deep Core Mining Inc.
Posted - 2003.07.09 16:49:00 - [6]
 

Great idea! But the return on investment sucks.

Jack Hayden
Gallente
Doomheim
Posted - 2003.07.09 16:55:00 - [7]
 

The return on investment do not suck if we are talking ISK just collecting dust in a bank account that does not pay out intrest.

Shauna
Gallente
X-Factor Industries
Posted - 2003.07.09 16:55:00 - [8]
 

Quote:

Bond face/redemption value: 1,000,000 ISK
Weekly Coupon/payment*: 150,000 ISK paid to each bondholder for each bond held.
Maturity: 8 weeks from date of issue.
Early Call Provision: 1,050,000 ISK per bond. Bonds callable after the second week in part or in full.

*- The first payment will not occur until the second week after the date of issue.



Hmmm, full redemption is 8 weeks from bond issue -- and the first payment will not start till the second week after the date of issue. So there will only be 7 payouts of 150,000 isk.

That's 7*(150,000) = 1,050,000... did I do that correctly?

Edited by: Shauna on 09/07/2003 16:57:09

Hralti
Posted - 2003.07.09 17:03:00 - [9]
 

"""The return on investment do not suck if we are talking ISK just collecting dust in a bank account that does not pay out intrest."""

Why tie up 1 million isk for 8 weeks to only make 50k? Even if I had, say, 100 million just laying around to invest (I wish), that'd only be a 5 million isk return in 2 months?

Lijah Reaper
Caldari
Posted - 2003.07.09 17:08:00 - [10]
 

Ok, not sure about the 1,050,000 or 1,200,000 payback. Maybe that second week payment includes two weeks. I'm not sure, Gaelen should clear that up.

Hralti: It's not 50,000 ISK. It's at least 1,050,000 ISK. If you have the money sitting around and you don't know what do do with it, would you mind an income source paying 150,000 a week for 7 weeks? Its like skill training where you sit back and learn stuff, but with the bonds, you can also sit back and earn a little cash too.

You can double your investment in 8 weeks. You may have better ways to do that yourself, but for no work, it seems like a pretty good deal.

The Wretch
Cyberdyne Systems
Posted - 2003.07.09 17:17:00 - [11]
 

An excellent idea if you have little time to play and have a good amount of isk saved up. But you actually loose a lot of money by not using that cash to simply trade.


Jack Hayden
Gallente
Doomheim
Posted - 2003.07.09 17:57:00 - [12]
 

Hralti: What part of “collecting dust” do you fail to comprehend?

Hralti
Posted - 2003.07.09 18:23:00 - [13]
 

Well, I live in a desert, so I understand the concept of collecting dust very well :p

Perhaps I'm reading this incorrectly? Would we get paid 1.05 million back per bond and then also get paid back the 1.0 million face value at the end of 8 weeks? So, that'd be a total payback of 2.05M per 1.0M investment? If this is the case, it'd seem a much more attractive investment.

Things can and will change a lot in the next 2 months. Doesn't seem attractive if it's only a 5% total return. If it's a doubling then I can see it being a better deal.

Edited by: Hralti on 09/07/2003 18:36:06

Otter Man
Amarr
Viziam
Posted - 2003.07.09 18:59:00 - [14]
 

It is doubling your money... No way would anyone do this for just a 5% return...

Joshua Calvert
Caldari
Rule One
Posted - 2003.07.09 19:13:00 - [15]
 

You'd do better to invest your 1 mil isk in a short trading run and make yourself a lot more in 2 hours.

ZazaPaLiz Hacker
Minmatar
Posted - 2003.07.09 19:24:00 - [16]
 

Money makes money in EVE, roughly doubling itself every 6-8 weeks with little to no effort at the current rate, so it's an okay deal, except for the part where it says it's not corporation-guaranteed.

I.e., the individual issuing the bonds may not be able to make enough money in 8 weeks with the venture capitol and may not have the personal funds to cover the difference. He may also just run off with your money.

I mean, we all know how many corp thieves were "in good standing" with their respective corps. =)

Heff
Playboy Enterprises
Posted - 2003.07.09 20:18:00 - [17]
 

I like the fact that some people are trying to model the EVE economy after the real world. But a bond issue is just a bit too risky for the investor.

The fact that these payments are not guaranteed makes this a sketchy investment. Sure TTI is big, but so was Enron. Can you say "default"?



Heff
Co-CEO Playboy Enterprises
playboy_corp@hotmail.com
Please visit your user settings to re-enable images.


Kaleb
Viziam
Posted - 2003.07.09 21:07:00 - [18]
 

What he ^ said.

Morkt Drakt
Caldari
Black Omega Security
Posted - 2003.07.09 21:34:00 - [19]
 

<<<<The fact that these payments are not guaranteed makes this a sketchy investment. Sure TTI is big, but so was Enron. Can you say "default"?>>>

From the guy who says "Gives us 250 million and we'll give you a battleship COPY in X weeks"

Whaey - Irony or what.

Who'da thought it?

Heff in a case of "Corporate Envy"


rofl

Edited by: Morkt Drak on 09/07/2003 21:35:25

Sabahl
Minmatar
The Executives
Executive Outcomes
Posted - 2003.07.09 21:47:00 - [20]
 

how about this. There is no method to publicly report profits and earnings within the game so any "bonds" and profits thereof depend completely on the integrity of the issuing person/corporation.

Without a fully implemented stock market with such public reporting there are absolutely no controls. You are operating on blind faith alone.

So the question is how much do you trust a complete stranger with your ISK? Would you buy a used Imicus from this man?

Sabahl

Joshua Calvert
Caldari
Rule One
Posted - 2003.07.09 21:49:00 - [21]
 

how much for the Imi?

Scrapyard Jack
Posted - 2003.07.09 21:50:00 - [22]
 

ehehehe?

Needlessly complicated, risky an' devoid of guarantee! Scrapyard Jack'll pass, thankyouthankyou.

Scrapyard Jack has a better method of investment for idle cash, ehehehe!

Wonderfully simple, gives a good return on investment and is as secure as it gets.

An' ol' Jack ain't telling! ehehehe!

P.S.

For people seriously considering this "offer", please contact ol' Jack in-game.

Scrapyard Jack has a lovely bridge that you might be interested in purchasing! ehehehe!

Ivellios
Gallente
The Scope
Posted - 2003.07.09 22:33:00 - [23]
 

If you have 1 million ISK laying around in your wallet collecting dust, your nuts.
Put that money to work on the trade market. You could easily make far more money that way than you can by giving it to a total stranger for a mere 50k profit. Even if the first payment is a double payment to cover the fact that you have to wait two weeks for your first cupon payment that is still only 200k profit. The freight and comodity market can earn you twice that per hour and NPC's wont default or cheat you out of your million ISk.

Heff
Playboy Enterprises
Posted - 2003.07.09 22:35:00 - [24]
 

Laugh all you want Morkt. We have the Apocalypse BP in the lab as we speak. That's what happens when you've spent the whole game building trust with others. People give us 200-300 million without question, and we deliver results.

Take it from our partners who have bought cruiser blueprints for 10 million and made 200 million from ship sales.


Heff
President, Playboy Enterprises
playboy_corp@hotmail.com
Please visit your user settings to re-enable images.

CCP Wrangler

Posted - 2003.07.09 23:03:00 - [25]
 

Gaelen and Lijah Reaper, bumping is not allowed on the forums. If you do it again we will lock this thread.

Morkt Drakt
Caldari
Black Omega Security
Posted - 2003.07.10 00:16:00 - [26]
 

<<<Laugh all you want Morkt....>>>

Heff old boy, you did it again:

"Take it from our partners who have bought cruiser blueprints for 10 million and made 200 million from ship sales."

+

"The fact that these payments are not guaranteed makes this a sketchy investment."

=

Irony.


You see?

Macumba
Minmatar
Doomheim
Posted - 2003.07.10 00:37:00 - [27]
 

Anyone want to buy some magic beans?

Morkt Drakt
Caldari
Black Omega Security
Posted - 2003.07.10 01:02:00 - [28]
 

ask m0o

Gaelen
Gallente
The Scope
Posted - 2003.07.11 19:12:00 - [29]
 

To quote an earlier question:

"Perhaps I'm reading this incorrectly? Would we get paid 1.05 million back per bond and then also get paid back the 1.0 million face value at the end of 8 weeks? So, that'd be a total payback of 2.05M per 1.0M investment? If this is the case, it'd seem a much more attractive investment.

Things can and will change a lot in the next 2 months. Doesn't seem attractive if it's only a 5% total return. If it's a doubling then I can see it being a better deal."


What happens is you get paid 150k each week until the maturity of the bond. And yes, that is 7 payments (1,050,000 ISK). And yes, at the maturity of the bond you would receive the 1,000,000 ISK as well. This is how a bond works in RL, which is what this is basically modeled after (with some adjustments due to time compression that exist in EVE).

As for ol'Jack. Hey, I'm glad you have a way to make money. What I am offering here is for people with money they can't make use of on a daily basis. I would not want people to give me their "working money".

Yes, this carries risk. No, the game mechanics have no completely effective method to ensure repayment. But you can always put all of TTI on the top of your "hit list" if the bonds don't pay. I can't see waiting until CCP "gets around to it" to get the mechanics for a more standard market for investments like this; it may never come.

Frankly, interest in these bonds has been better than I expected, especially given the real risk of scams. If you don't want to invest, hey, that is fine. If you do, great, I look forward to helping you make some extra money.

Sincerely,



Tobruk
ElitistOps
Pandemic Legion
Posted - 2003.07.11 19:30:00 - [30]
 

So wait, I give you 1 million isk, and you say: 'Thanks, hit ya back in 8 weeks.'?. With no guarantee of return? Right... I was born yesterday. :p


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