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blankseplocked [MGVC] Trading - 900mil / 90 Bonds / 25% over 20 days (Bond Concluded)
 
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Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.02 15:32:00 - [1]
 

Edited by: Nouva MacGyver on 21/11/2009 19:10:05
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Table of Content
1) Introduction
2) Bond Details
3) Business Plan
4) Disclosure of Calculated Risks
5) Disclosure of In-game Personas
6) Collateral
7) Audit
8) Exit Strategy
9) Other Information
10) Purpose of Bond and Information for Investors



1) Introduction

Greetings. Long time lurker of MD forums here, and outlined below will be some generalities of my first public bond offering. Relative to the topic at hand I view myself as a simple trader with an average aptitude enough to capitalise on some minor profits in a market hub, apart from my other in-game activities. I will attempt to keep things short and sweet, though I may tend to ramble on at certain points (which I believe I already am starting to doÖ).


2) Bond Details

There will be 90 bonds being offered for a total investment of 900mil (i.e. 1 Bond = 10mil). Investors will get a single payment of their initial investment including the projected 25% interest rate after 20 days from the start date, which will commence A.S.A.P when all bonds are filled (after which a post will be updated in a reserved space below of the exact date of maturity/payout).

Please note that no in-game shares will be distributed. I will keep track of them here, out of game through a third party application and possibly also the trusty pen and paper.

- A single investor is entitled up to a maximum of 30 bonds, for a maximum of 300mil ISK investment.
- All Investors are to only reserve bonds and do any confirmations in this thread for the purpose of transparency.


3) Business Plan

The investment value being raised here will be added to my own liquid capital to perform strictly station trading in Jita. No trades will be conducted through the contract system. Conduct of my trade is simple; buy low, and sell high. As mentioned in the introduction, I donít profess to be an expert in the markets, with my saving grace perhaps the ability to have that much spare time to play Eve, playing harder to make up for my lack of playing smarter.


4) Disclosure of Calculated Risks

Apart from collateral (detailed below) to cover losses should this offering go wrong, the risk for this venture is minimal. I will not be undocking from the station to do my business, nor will any hauling of the items or them leaving the station be involved to supplement the conduct of the trade either directly or by proxy. I will not tweak my business model in any way or form from the minor success that Iíve personally had since around the middle of September 2009, so as to reduce accumulated risks.

The next biggest risks will plausibly be client side lag which will cause me to enter extra zeroes in my orders, or me spending less time on Eve on a day to day basis during the period of the bond should a former work colleague suddenly decides she accepts my date offer(s). Also, I run absolutely no risk of being drunken in-game and jeopardising the business in a silly manner because I do not drink (alcohol).


5) Disclosure of In-game Personas

Only the character Nouva MacGyver will have access to the invested working capital and will be the only character involved in making this venture work. All trading capital will be through the use of Nouva MacGyverís personal wallet, and not in any corporate division wallets. If the bounty on my head is of any concern, it was probably put up by someone/people I pirated in low-sec. I am the owner of two accounts, one being this one and the other a newer one made with the recent Power of 2. My two other characters are research alts, while my other account houses a PvP character and two other general characters.



Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.02 15:42:00 - [2]
 

6) Collateral

A rigged Cerberus located in hi-sec fitted with several faction modules will be provided by an Item Exchange contract (preferably to the auditor to reduce number of third parties involved). If this is deemed insufficient a further packaged Falcon and Viator will be added to the collateral.


7) Audit

I would like to provide my limited/full API key for Nouva MacGyverís account to any of the trusted and willing MD auditors (Vaerah, Cosmoray, Brock, etc) for the ease of mind of my potential investors. Before an audit is carried out, you may reserve bonds, but NOT send me ISK yet (will update again in the reserved space section when it is possible to do so).

Ideally, they will confirm that I do have at least the complementary skills and been an active trader, alongside any other details which they may choose to do a limited disclosure on for the necessity of potential investorís knowledge. Hopefully this mini venture will not take up too much time or effort on behalf of the willing auditor.


8) Exit Strategy

Should anything untoward happen to me and investors do not see their investment and dividends on or close to after the maturity date, the holder of the collateral is free to do whatever is deemed necessary to liquidate and refund my investors accordingly.


9) Other Information

I operate on GMT+8; actively in Eve but occasionally irregular. For the duration of the bond and otherwise for the next month or so I project myself to not have any problems running the venture at a good pace.


10) Purpose of Bond and Information for Investors

The purpose of me introducing this bond is very simple Ė self-fulfillment. An audit will likely reveal that I should have no problems raising this sum by myself or even really require it. Iíve always had a constant goal in Eve and that is to enrich my in-game experience by trying out new things (short of scamming, which sincerely goes against my principles, both in and out of game).

Although this plan is simplistic and nothing spectacular, I have a certain amount of joy writing/planning this out. My purpose of providing collateral and wanting an audit is twofold; one primarily is for investors and the other to enjoy myself being in the process of a more structured business offering.

Rest assured though, although at stages during this write-up I may sound entirely lighthearted, I am committed to seriously making the invested funds work and churn out profits. I will not simply use what I have now to fulfill my 25% ROI projection; that would go against the very nature of this bondís intention. Also, Iíve kept the value of a single bond at a relatively low value of 10mil and a cap of 300mil so at least a few people or those about to make their first public investment can join in the process/fun.

In the long term I will likely not do any offerings again in a long time and will opt to be an investor in other peopleís ventures instead.

Any further queries in this thread will always be entertained in one form or another. I hope to work with you all to achieve this goal that I have. Cheers!


Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.02 15:48:00 - [3]
 

Edited by: Nouva MacGyver on 03/11/2009 22:27:27
RESERVED EDITING SPACE FOR BOND UPDATES

All bonds have been filled and investments received.

Investors:
Baltan Carid - 30 Bonds [PAID 2009.11.03 - 15:01]
Coleostro - 30 Bonds [PAID 2009.11.03 - 18:17]
Arcturus Canton - 10 Bonds [PAID 2009.11.03 - 17:58]
Solitary Victim - 20 Bonds [PAID 2009.11.03 - 16:09]


The date of maturity has been set for 23rd November, 2009 (GMT/Eve Time). Likely in the latter hours of this date and taking into consideration my own schedule, the principle sums and interests will be paid out by then.

-END-

RAW23
Posted - 2009.11.02 15:48:00 - [4]
 

Edited by: RAW23 on 02/11/2009 15:51:53
Edited by: RAW23 on 02/11/2009 15:51:23
Edited by: RAW23 on 02/11/2009 15:50:32
I'll reserve 30 bonds (300mil) pending audit. Thanks.

Edit - btw, very well structured and formatted offer.

Edit 2 - I can do wihtout the extra collateral if the other investors agree.

Signore Kaeota
Caldari
Terra Incognita
Posted - 2009.11.02 15:49:00 - [5]
 

Firstly, thank you. Someone who has clearly read at least a small amount of the recent bonds, and deduced what we, as investors, ask for.

Originally by: Nouva MacGyver
The purpose of me introducing this bond is very simple Ė self-fulfillment. [...] Iíve always had a constant goal in Eve and that is to enrich my in-game experience by trying out new things (short of scamming, which sincerely goes against my principles, both in and out of game).

Although this plan is simplistic and nothing spectacular, I have a certain amount of joy writing/planning this out. My purpose of providing collateral and wanting an audit is twofold; one primarily is for investors and the other to enjoy myself being in the process of a more structured business offering.

Rest assured though, although at stages during this write-up I may sound entirely lighthearted, I am committed to seriously making the invested funds work and churn out profits. I will not simply use what I have now to fulfill my 25% ROI projection; that would go against the very nature of this bondís intention. Also, Iíve kept the value of a single bond at a relatively low value of 10mil and a cap of 300mil so at least a few people or those about to make their first public investment can join in the process/fun.


For some reason, this made me smile.

300 mil reserve pending an audit, collateral not required for me. Best of luck.

(also, I saw you in jita today :P)

Baltan Carid
Gallente
Posted - 2009.11.02 15:49:00 - [6]
 

30 Bonds please.

Arcturus Canton
Gallente
The Dirty Rotten Scoundrels
Posted - 2009.11.02 15:50:00 - [7]
 

reserving 10bonds subject to audit

Solitary Victim
Kind of Purple
Posted - 2009.11.02 15:50:00 - [8]
 

Edited by: Solitary Victim on 02/11/2009 15:51:27
Reserving 20 for a total of 200M pending collateral transferral to a reasonably trusted source.

Edit: Several seconds too slow it seems, I'll consider myself on standby Razz

Kapila Parthalan
Posted - 2009.11.02 16:03:00 - [9]
 

This offering looks very promising and well structured. In case something opens up, I would like to reserve 300m, pending satisfactory audit and collateral.

Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.02 16:10:00 - [10]
 

Thank you for the kind words and reservations so far. I await a reply or will approach one of the auditors as soon as possible.

As mentioned before, I'm on GMT+8 (which at the time of this post it's 12 A.M here). Almost time to crawl to bed! I will check this thread again tomorrow. Smile

Coleostro
Posted - 2009.11.02 16:12:00 - [11]
 

Darn, I wasn't online within the 40mins that this sold out...

Good luck with the bond! :)

RAW23
Posted - 2009.11.02 16:27:00 - [12]
 

Originally by: Coleostro
Darn, I wasn't online within the 40mins that this sold out...

Good luck with the bond! :)


Coleostro - since you missed out on my first offering and I forgot to run my second one past you as I promised I'll cede you my reservation on this one, or to keep things simple, you can buy the bonds off me on day 1 of the investment, if you like.

Ryisaa
Posted - 2009.11.02 17:06:00 - [13]
 

30 bonds if available.

Coleostro
Posted - 2009.11.02 17:08:00 - [14]
 

Originally by: RAW23
Originally by: Coleostro
Darn, I wasn't online within the 40mins that this sold out...

Good luck with the bond! :)


Coleostro - since you missed out on my first offering and I forgot to run my second one past you as I promised I'll cede you my reservation on this one, or to keep things simple, you can buy the bonds off me on day 1 of the investment, if you like.


Thanks mate,

Ok I will reserve the 300mil worth that RAW23 had. :)

Vlad Thorne
Caldari
UK miners
Posted - 2009.11.02 18:36:00 - [15]
 

I hate that I missed this one...

If there happens to be a cancellation, I'd like to be put on the waiting list of up to the maximum of 30 bonds, please.

In any event, good luck with your venture!

Signore Kaeota
Caldari
Terra Incognita
Posted - 2009.11.03 02:47:00 - [16]
 

Appologies, after a quick review I realised that I wont have that isk available for a while due to my own manufacturing, please consider my reservation null and void.

Congrats to Arcturus Canton and Solitary Victim though Wink Pitty I'll miss out on this one.

AeonthePiglet
Ixion Defence Systems
Posted - 2009.11.03 03:20:00 - [17]
 

If available, I would like to reserve 30 bonds.

Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.03 04:09:00 - [18]
 

Post #3 has been updated with the current bond reservations. RAW23, even though the written intent was made earlier in the thread, I will appreciate if you could post one more time to confirm that you indeed waive your entitlement to Coleostro. Thank you!

On the audit side, I first approached Cosmoray a few minutes ago through a convo, but then i was made to realise that he in fact does not do audits. Embarassed

An evemail has been sent to Vaerah Vahrokha to request an audit to be done at his convenience. As a sign of trust and my belief in his auditing impartiality, the evemail also contains my full API key for his perusal (should he accept to do the audit), along with the collateral already put up on contract to him.

Should I not be online when things develop I hope to log back on and see some favourable updates to this thread. Cheers for now.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2009.11.03 07:56:00 - [19]
 

Edited by: Vaerah Vahrokha on 03/11/2009 07:59:30
@Nuova

I appreciate what you have done and said so far.

Now, there are two orders of issues at stake regarding this.

1) ATM I am focusing on farming money and this conflicts with auditing.

2) I tell once again, when writing a well made prospectus and thus getting quick reservations, it often happens that people reserve "pending audit". Now, this is good and all but then, the auditing is done thru analyzing the API. Any program used to retrieve assets is imposed a *day* of cooldown between queries. This translates in me needing 2-3 days just to gather the data and this does not fit well into an "hot bond" with people so ready to invest and all prepared to go on already.

Corollary: contact an auditor *first*, get the prospectus checked (I do that among the other things I do) and then post the offer along with the audit. Otherwise you get interested investors risking to lose interest because the auditor has to take days to examine something the market already declared as viable.



If after all this blurb you are still sane and still want an audit, I'll do it, but as I said there are at least 2 days of cooldowns to wait for.

Best regards,
Vaerah

(Yes I am at work and can't log for more 9 hours).


Edit: I read you have multiple accounts. Then I'd need all the API keys. Moreover multiple accounts are harder to check and the resulting fee could be incompatible with such a small bond.

Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.03 09:24:00 - [20]
 

Vaerah, thank you for the reply. I understood what you've written so far, and the point about corollary was very helpful. That did not even cross my mind when I was writing this up.


With that in mind and having thought it through, I would like to offer my current on the reserved list investors two choices:


Option (A)

The plan will go through status quo; reserving investors will wait for an audit before any ISK investment is sent in.

Option (B)

All the current reserving investors agree that an audit will not be required, and that the bond period will begin immediately once all bonds have been filled and paid for.

BUT, the collateral being outlined in the original plan will still be valid. I had put up a week long expiry contract for the collateral to Vaerah earlier. Should all investors choose option (B), and Vaerah accepts to holding the collateral for the bond period and posts here again to confirm that contract has been accepted, then and only then can the investors send me the ISK.

Vaerah, apologies if this somehow puts you in a spot; I understand that with this step not only do I have to trust you but so does my investors if they want this option. In the event that Vaerah is not the collateral holder I will seek an alternative third party that the investors can agree with.


If there are no unanimous decisions for either option, and current investors pull out, I will open up the offers to interested parties (accordingly to the time of reply) until all the investors agree to one option. Apologies if I may have put investors in some sort of "prisoner's dilemma" in this situation, so if I've missed out on some better alternatives the investors are asked to kindly highlight it to me here.

I will send the current investors (Coleostro, Baltan, Arcturus and Solitary) and Vaerah an evemail to point them to this post, and I will await all their replies as to their decision.


More Information for Investors

In case of a non-audit agreed by investors, the points below highlight some pertinent information for the investor's knowledge.


1) Skills

I've uploaded my character on eve-sheet, which can be found here. Also, a simple show info on me in-game will confirm that I do indeed have high personal standings with Caldari Navy (9.78), and Caldari State (8.33, though I'm not sure if this one affects broker fees).


2) Details of Collateral

The exact collateral being offered is as follows:
1x Cerberus

Rigged with:
1x Anti-Em Screen Reinforcer I
1x Capacitor Control Circuit I

Fitted with:
5x Caldari Navy Heavy Missile Launcher
1x Small Tractor Beam I
1x Corelum C-Type 10MN Afterburner
1x Caldari Navy Shield Boost Amplifier
1x Pithi B-Type Small Shield Booster
1x Large Shield Extender II
1x Invulnerability Field II
3x Caldari Navy Ballistic Control System
1x Ballistic Control System II

(and an assortment on ammo and minor loot that was in the cargohold)


Roguehalo
Caldari
Roguehalo Ship Brokers
Posted - 2009.11.03 09:42:00 - [21]
 

I'll be happy to take 30 bonds without either audit or collateral.


Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2009.11.03 09:54:00 - [22]
 

Edited by: Vaerah Vahrokha on 03/11/2009 09:58:40
Edited by: Vaerah Vahrokha on 03/11/2009 09:55:44
I managed to sneak in and log for 2 minutes.

I can confirm an high sec contract with the stated items plus a small random T1 assortment in the cargo hold.

I did not accept the contract though, because Nouva has first been informed of every possible cost and only then, with approval, I'll proceed further and with the options (if any) that Nouva will feel appropriate to choose.

Edit: if Nouva is ok with the holding or whatever please reply here, I can maximum log in for 30 seconds (ie to accept the trade items contract) while in a work pause.

Edit2: another tip for perspective Investees: don't contract before you know who to contract stuff to. Not just because the recipient might feel "pushed" (I don't really mind), but because this PvP main of mine's corp has wars declared by like 90% of EvE including Goons and Privateers (and you know they are everywhere).

Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.03 10:01:00 - [23]
 

Originally by: Roguehalo
I'll be happy to take 30 bonds without either audit or collateral.


Roguehalo, thank you for stating your interest. Unfortunately, I perceive it as bad business ethics on my part if I were to put you in ahead due to your terms (not that I'm insinuating you were trying to achieve that). As it stands, I'm sticking by my first reply, first served.

I hope to not have another situation whereby there is a "transfer" of entitlement (like RAW23 and Coleostro), because then it is entirely possible that that mechanic may be abused (whereby people in the reserved list are being goaded by someone else into transferring their entitlement, effectively letting those who have not expressed direct interest early get into the list ahead of others who did reply into the thread accordingly).

Otherwise, I appreciate you expression this much confidence in my venture. Cheers!

Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.03 10:07:00 - [24]
 

Edited by: Nouva MacGyver on 03/11/2009 10:15:16
Originally by: Vaerah Vahrokha
Collateral Holding



Vaerah, yes please. Fees will be sent your way shortly. And thank you for the tips! Shocked

At any moment after this though (after contract is accepted) investors have every right to ask me to decide on another third party that I choose (e.g. Chribba maybe) that they can agree with. I have every personal confidence that in any situation after this I will get back the collateral from Vaerah should it come to this.

Edit: Reworded a portion to avoid confusion

RAW23
Posted - 2009.11.03 10:19:00 - [25]
 

Edited by: RAW23 on 03/11/2009 10:22:05
Originally by: Nouva MacGyver
Post #3 has been updated with the current bond reservations. RAW23, even though the written intent was made earlier in the thread, I will appreciate if you could post one more time to confirm that you indeed waive your entitlement to Coleostro. Thank you!

On the audit side, I first approached Cosmoray a few minutes ago through a convo, but then i was made to realise that he in fact does not do audits. Embarassed

An evemail has been sent to Vaerah Vahrokha to request an audit to be done at his convenience. As a sign of trust and my belief in his auditing impartiality, the evemail also contains my full API key for his perusal (should he accept to do the audit), along with the collateral already put up on contract to him.

Should I not be online when things develop I hope to log back on and see some favourable updates to this thread. Cheers for now.


Just to confirm that I do indeed cede my entitlement to Coleostro. And apologies to the OP for any difficulties this may cause. I really did want in on this one but when I saw Coleostro had missed the boat again ...

Roguehalo
Caldari
Roguehalo Ship Brokers
Posted - 2009.11.03 10:20:00 - [26]
 

Edited by: Roguehalo on 03/11/2009 11:55:27
Originally by: Nouva MacGyver
Originally by: Roguehalo
I'll be happy to take 30 bonds without either audit or collateral.


Roguehalo, thank you for stating your interest. Unfortunately, I perceive it as bad business ethics on my part if I were to put you in ahead due to your terms (not that I'm insinuating you were trying to achieve that). As it stands, I'm sticking by my first reply, first served.

I hope to not have another situation whereby there is a "transfer" of entitlement (like RAW23 and Coleostro), because then it is entirely possible that that mechanic may be abused (whereby people in the reserved list are being goaded by someone else into transferring their entitlement, effectively letting those who have not expressed direct interest early get into the list ahead of others who did reply into the thread accordingly).

Otherwise, I appreciate you expression this much confidence in my venture. Cheers!


Well I wasn't really expecting any bonds....I was just trying in a kind of sideways way to express an opinion on the current state of the secondary market.

I've just finished updating my orders and I have some time to spare so I'll expand on that a bit. There is far more...in fact much much more investment isk available than there are suitable investment opportunities. Bad Bobby raised nearly 400b recently without too much difficulty.

So if you can write up a decent and coherent business plan and back it up with as much info as possible then there shouldn't really be any need for audit or collateral for relatively small '1st loan/bond/ipo offers' I've consistently stated that competence is my major priority when I'm assessing loan/bond/ipo offers. Your linkage of your skillset is, in my opinion, enough to get your bond off the ground without the necessity for an audit or collateral. The fact you have accounting5 and broker relation5 trained speaks volumes. To this day nobody knows what skills Riethe had trained......and come to that we have no idea what skills General Newbold had trained either.

Anyway good luck with your enterprise Smile

Edit : I've just noticed you didn't post your Eve.net link in your original post. In my view linkage to a characters skillset should be de rigeur for all 1st time offers

Tommy Tucker
Gallente
The Scope
Posted - 2009.11.03 10:44:00 - [27]
 

Damn I missed another good investment, I really should watch the forums more. Nouva, your propasal is one of the most profesional layouts seen recently and speaks for itself in terms of whats on offer. After reading it, it left no vague points and even if no Audit were done, I would have invested anyways.

Good luck in your venture and if possible, I would like to be put on 'the list' for any future venture you may do.

Thanks

Tommy.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2009.11.03 10:48:00 - [28]
 

Just in to confirm I will be Collateral Holder for this bond, everything has been settled and now I am holding a Cerberus with the above mentioned setup.


Quote:

and come to that we have no idea what skills General Newbold had trained either



Gullible Relations V?

Thoraemond
Minmatar
Far Ranger
Posted - 2009.11.03 11:18:00 - [29]
 

Originally by: Nouva MacGyver
Also, a simple show info on me in-game will confirm that I do indeed have high personal standings with Caldari Navy (9.78), and Caldari State (8.33, though I'm not sure if this one affects broker fees).

Your personal-to-faction standing is 2.5 times more significant than your personal-to-corporation standing when it comes to calculating Market Order Broker Fees. You're paying 0.22% for such fees, right? (Full formula on the Market Discussions FAQ EVElopedia page.)


Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2009.11.03 12:22:00 - [30]
 

Thoraemond, yes you are correct. It's 0.22% Broker Fees for me. I've bookmarked the link in your post, thanks for that! Very Happy

With regards to this bond, now I shall simply wait for all four investors' replies in this thread as to their chosen option before I post again that I am ready to receive the investment funds or answer any queries that may come along the way.

Just to reiterate, Vaerah is the collateral holder and has received the collateral.


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