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blankseplocked [Bond] Corcyrus Retail 5B at 10%
 
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Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2010.12.15 18:45:00 - [31]
 

Edited by: Corcyrus Endymion on 15/12/2010 18:46:46
Originally by: Tekota
Thank you VV. Audit would suggest that no basic untruths were told in the run up to this launch and confirm a decent level of competence. More importantly I guess there's now a list of alts which can be chased to the ends of the earth should you do a runner.

Not sure why you'd want to do a runner back to a cleric/templar? on Aion or a ... orc Warlock?.. on WoW tho :o)

Anway, at this stage it's a straight gamble and undoubtedly high risk; some further rummaging of my own has confirmed pretty decent history, so I'll take the risk.

500m sent to Corcyrus Endymion, journal entry "Bond Launch" @ 09:41 game time.


A thorough research of your own does more good than an audit it seems :) You did slip up on WoW though, it was an orc shaman and an undead mage. Aion was a templar, though if you found the templar that actually belonged to me, I'd be surprised!

Also, I can assure you the real risk is 0. The perceived risk is as high as you make it out to be.

Originally by: egola
basic level of competence acknowledged, pending the server's status, will upload money asap


The first bond pay out date will be the 17th of January, this is assuming I receive all the funds in time before the 17th of December (this Friday).


5ynrgy
Posted - 2010.12.15 19:02:00 - [32]
 

Edited by: 5ynrgy on 15/12/2010 19:02:14
wrong character

rig selller
Gallente
Ship Mod Unit Technicians
Posted - 2010.12.15 19:04:00 - [33]
 

500mill sent as reserved

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2010.12.15 19:18:00 - [34]
 

Originally by: rig selller
500mill sent as reserved


I will update the second post in this thread with the status of payments. I currently received 1.5B from three different investors.

egola
Amarr
Posted - 2010.12.15 21:48:00 - [35]
 

Originally by: Corcyrus Endymion
Originally by: rig selller
500mill sent as reserved


I will update the second post in this thread with the status of payments. I currently received 1.5B from three different investors.


1B sent please confirm transaction

Taram Caldar
Royal Black Watch Highlanders
Warped Aggression
Posted - 2010.12.15 23:22:00 - [36]
 

You are currently showing 4bil reserved (one of the reservations used to be 2bil) leaving 1bil open by my math. Does this mean I'm able to get in on this since I was 'next on the list' asking for a reservation?

Tekota
The Freighter Factory
Posted - 2010.12.16 12:03:00 - [37]
 

Originally by: Corcyrus Endymion
though if you found the templar that actually belonged to me, I'd be surprised


Hmmm - Asura?

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2010.12.16 17:57:00 - [38]
 

Edited by: Corcyrus Endymion on 16/12/2010 17:59:41
Edited by: Corcyrus Endymion on 16/12/2010 17:58:39
Originally by: egola
Originally by: Corcyrus Endymion
Originally by: rig selller
500mill sent as reserved


I will update the second post in this thread with the status of payments. I currently received 1.5B from three different investors.


1B sent please confirm transaction


Confirming receipt.

Originally by: Taram Caldar
You are currently showing 4bil reserved (one of the reservations used to be 2bil) leaving 1bil open by my math. Does this mean I'm able to get in on this since I was 'next on the list' asking for a reservation?


Due to a problem with the 4000 char limit in posts here on Eve-O, I had to fill in the reservation list again. I accidentally reduced the amount reserved by Nouva, by 1B. I am sorry for the inconvenience and will update the OP.

Originally by: Tekota
Originally by: Corcyrus Endymion
though if you found the templar that actually belonged to me, I'd be surprised


Hmmm - Asura?


Correct. I'm officially surprised. Did you do a random Google using Corcyrus?

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2010.12.17 15:15:00 - [39]
 

Edited by: Corcyrus Endymion on 17/12/2010 20:21:17
All funds have been sent and received. I was unable to get in touch with Cesar Menage. I wanted this bond on the road on the 17th at the latest, as such I tried to contact him in-game, but was unable to do so. I then proceeded to ask the first person on the reserve-list to fill in the remainder of the offering and Taram Caldar kindly acquiesced my request.

This means this business plan is now put into practice. The first payments will be made the 17th of January 2011. The second interest payment and the return of principle will take place the 17th of February. The closure of this bond will be followed by a closing audit by VV to ascertain the result of this offering.

I will post regular updates, more if investors want to, less if I'm only doing them for tracing purposes.

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.01.09 21:02:00 - [40]
 

Edited by: Corcyrus Endymion on 09/01/2011 21:03:59
pe∑ri∑od∑i∑cal∑ly
adv \ˌpir-ē-ˈš-di-k(ə-)lē\
Definition of PERIODICALLY
1
: at regular intervals of time
2
: from time to time : frequently


If I keep at one update per month I will actually make due on "periodic updates".


Goals for the past month:

Liquidizing.
Generating profit.


Progress

When I started the fund the main issue I was facing was my isk being tied up in assets that didn't move as fast as planned. I had less than 1B liquid isk at hand and around 8.5B non-deprecated assets.

First and foremost came liquidizing all of my assets in order to be able to properly work all of my NAV and not just part of it. It's obvious that trying to get rid of slow moving stock usually comes with severe losses. And I am not particularly fond of those. It's also not a particular exciting subject, which it's why there were not an awful lot of updates over the past month.

The good news is the process of liquidizing went more or less according to plan. Small losses were taken and accepted as being unavoidable. However I was not in time to take proper advantage of part 2 of Incursion. If I were to put a face value on the losses made due to "fire-selling" assets, I would state it to be around 500M.

The second goal would be to make a proper profit on the funds freed up during the liquidizing. One might argue this is the most important part of the funds. Problems arose due to the following issues:

A) Holidays.
B) Extra RL work pressure.
C) Markets violently shifting.
D) RL sickness.
E) Suppliers not supplying, not enough anyways.

All in all I ended up rather dissatisfied with the result obtained. The most important thing in my opinion though was getting as much liquid isk to get ready for the 18th January, which at least I did manage to achieve.

The idea behind the fund was to simply turn over stock from manufacturers, which did in part take place. The return wasn't as stellar as hoped, the amount of supplies not as vast as promised. To cut short on the small talk, on to the only really important part:

Result:

16/12/2010

NAV:

14.500.000.000

Non-deprecated assets:

8.500.000.000

Liquid isk:

1.000.000.000

Foreign equity:

5.000.000.000

9/01/2011

NAV:

19.097.157.153,63

Liquid isk:

18.904.542.831,29

Deprecated assets:

193.000.000,00

Profit:

4.597.157.123


Future progress:

Holidays are over, work is relenting, health is recovered, suppliers are asked friendly to shift gears and market shifts will no longer concern my stock, simply because I have no current stock.

The profit to make due on promised return rates is already made for both months.

I will most likely proceed to pay out due interest two days ahead of schedule on Sunday the 16th of January, to make sure I won't get into any time issues with the patch and what-not.

Feel free to ask any questions or make any remarks.

egola
Amarr
Posted - 2011.01.09 23:03:00 - [41]
 

Edited by: egola on 09/01/2011 23:21:29
30% and not satisfied? Laughingi think i've underestimated you severely! keep up the good work corcyrus

perhaps as a suggestion maybe we can both have a forum update as well as ingame mail update? while not speaking for myself, i'm sure there are those that frequent the forums at a slower rate and might not see the update a few days if not weeks longer then when it is posted.

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.01.10 16:24:00 - [42]
 

Edited by: Corcyrus Endymion on 10/01/2011 16:24:35
Originally by: egola
Edited by: egola on 09/01/2011 23:21:29
30% and not satisfied? Laughingi think i've underestimated you severely! keep up the good work corcyrus

perhaps as a suggestion maybe we can both have a forum update as well as ingame mail update? while not speaking for myself, i'm sure there are those that frequent the forums at a slower rate and might not see the update a few days if not weeks longer then when it is posted.


I'm always happy to be underestimated. I agree with you on the ingame mail, I'll see to it that the investors receive an update via that route as well.

As for being dissatisfied: My original aim was 15% per week, compounding to a 75% profit margin. I might have been too optimistic/ludicrous Wink

egola
Amarr
Posted - 2011.01.11 16:49:00 - [43]
 

Originally by: Corcyrus Endymion
Edited by: Corcyrus Endymion on 10/01/2011 16:24:35
Originally by: egola
Edited by: egola on 09/01/2011 23:21:29
30% and not satisfied? Laughingi think i've underestimated you severely! keep up the good work corcyrus

perhaps as a suggestion maybe we can both have a forum update as well as ingame mail update? while not speaking for myself, i'm sure there are those that frequent the forums at a slower rate and might not see the update a few days if not weeks longer then when it is posted.


I'm always happy to be underestimated. I agree with you on the ingame mail, I'll see to it that the investors receive an update via that route as well.

As for being dissatisfied: My original aim was 15% per week, compounding to a 75% profit margin. I might have been too optimistic/ludicrous Wink


by all means set your goals high, never EVER just feel satisfied until you've done all you can, 07 good work and hopefully you'll do even better from now on

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.01.11 17:22:00 - [44]
 

Originally by: egola
Originally by: Corcyrus Endymion
Edited by: Corcyrus Endymion on 10/01/2011 16:24:35
Originally by: egola
Edited by: egola on 09/01/2011 23:21:29
30% and not satisfied? Laughingi think i've underestimated you severely! keep up the good work corcyrus

perhaps as a suggestion maybe we can both have a forum update as well as ingame mail update? while not speaking for myself, i'm sure there are those that frequent the forums at a slower rate and might not see the update a few days if not weeks longer then when it is posted.


I'm always happy to be underestimated. I agree with you on the ingame mail, I'll see to it that the investors receive an update via that route as well.

As for being dissatisfied: My original aim was 15% per week, compounding to a 75% profit margin. I might have been too optimistic/ludicrous Wink


by all means set your goals high, never EVER just feel satisfied until you've done all you can, 07 good work and hopefully you'll do even better from now on


Thank you, I will. And let's not forget the month is not yet over, there is still 1 week till the first interest payment is due.

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.01.16 08:41:00 - [45]
 

Edited by: Corcyrus Endymion on 16/01/2011 08:43:05
Interest payments:

- 50.000.000,00 send to Taram Caldar
- 50.000.000,00 send to Tekota
- 50.000.000,00 send to Menarim
- 50.000.000,00 send to Rig Selller
- 100.000.000,00 send to Egola
- 200.000.000,00 send to Nouva MacGyver

Total payout: 500.000.000,00, with reason: Interest Payment Corcyrus Retail

Taram Caldar
Royal Black Watch Highlanders
Warped Aggression
Posted - 2011.01.18 13:36:00 - [46]
 

isk recvd. Thanks

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.02.13 10:23:00 - [47]
 

I guess having a forum that supports tables is too much of a 2010 thing....
Even formatting seems impossible. I tried, believe me I tried.

Foreign equity..........5,500,000,000.00
Equity.................18,792,267,152.00

Total..................24,292,267,152.00
------------------------------------------------------------------------------------

Trade goods.........................0.00
Space infrastructure....1,200,000,000.00
Implants................2,500,000,000.00
Ships/Modules...........1,250,000,000.00
Plex......................969,000,000.00
Liquid isk.............18,373,267,152.00

Total..................24,292,267,152.00
------------------------------------------------------------------------------------

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.02.13 10:32:00 - [48]
 

The following amounts have been sent with reason : Corcyrus Retail Wrap-Up

- 550.000.000,00 to Tekota
- 550.000.000,00 to Rig Selller
- 550.000.000,00 to Taram Caldar
- 550.000.000,00 to Menarim
- 1.100.000.000,00 to Egola
- 2.200.000.000,00 to Nouva MacGyver
----------------------------------------------------------------------------
- 5.500.000.000,00 send in total this month
- 500.000.000,00 send in total previous month
- 6.000.000.000,00 send in this bonds lifetime



Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.02.13 11:00:00 - [49]
 

Edited by: Corcyrus Endymion on 13/02/2011 11:00:53
Bond review:

Achieved Goals:

- Amassing isk: This goal has been met with reasonable success. It is not as high as it could have been due to my focus on the secondary goals more than the primary one and me not wanting to risk getting bored with only updating market orders 24/7.

- Turning my main into a proper care bear is still in it's infant stages. Skill training obviously progressed as it should, but I still have a month of int/mem training ahead before any per/wp skills come into the picture. To ameliorate this I turned one of my combat alts into a missioneer in order to get the standings I need for part 2 of the original business case.

- The third goal has obvious changed due to the changes made to the second goal. I want/need perfect standing in all of known space (spread out over 2 characters) so moving to 0.0 will have to wait a bit. The standings grind is currently 17% completed, but will be completed at an increasing pace due to my alts becoming more apt in combat related skills.

- The fourth and fifth alt have been added and are training a mixed industrial/freighter program to ensure I can handle all of the aspects of a supply line without having to depend on a third party.

The combination of being able to anchor POS's all over known high sec space, combined with the level of anonymity gained with fresh alts/one players corps/random names will hopefully prove to provide an uninterrupted flow of goods once skill training is at the level required. Perfect standings at the major hubs should do the rest.

Learning points:

I initially expected a bit of a surge over the holidays. That did not come to pass in the areas I hoped it would. Something to take into consideration.

Muscling into markets without an industrial backbone is equally frustrating as it is time-consuming. It's still profitable, but the isk/effort ratio might be a tad too low.

Updating orders 23/7 is all fine and dandy but tends to wear me and I guess any sane person out. A smarter way to do business (read: industrial backbone) is required (and planned).

I created a large amount of spreadsheets with all kinds of information regarding manufacturing and trade that will come in handy in the time to come. I created macro's to ensure they are easy to update.

The IPO's progress:

The IPO itself progressed smooth as butter. ISK was collected relatively timely (one investor dropped out, but was easily replaced) and paid out in advance of both the planned pay-out dates. There were no early withdrawals nor any other issues. The forum thread itself proved relatively uneventful, which is a good thing. All in all the IPO proved to be a pleasant experience for myself and hopefully for the investors as well.

rig selller
Gallente
Ship Mod Unit Technicians
Posted - 2011.02.13 11:07:00 - [50]
 

Isk received and thanks

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.02.13 11:11:00 - [51]
 

Edited by: Corcyrus Endymion on 13/02/2011 11:13:35
Edited by: Corcyrus Endymion on 13/02/2011 11:13:07
The future

Obviously nothing ends here. I will continue station trading for profit and running missions for standings. I am planning an industrial supply chain that should come into effect somewhere between one and two months from now and should provide me with enough goods at a low enough price to start having some fun in different areas of the market. Once I start up the supply chain, I will reassess the liquid isk reservoir I have as well as the size of the capital I could potential turn over and if the first is smaller than the latter I will come back with another IPO to further fund that project.

I will also start looking at participating in all the other ventures EvE offers since a fresh PoV could potentially show me the way to even more profit.

In order to not forget that there is actually a game in EvE outside of my wallet, I will also start spending a bit on random objects that catch my fancy. I do not want to be entirely submerged in the isk/hour mentality.


I would also like to thank to people that invested in me. Things being as they are, people lending me 5B isk is equivalent to people lending me over 200 euro in Plex.


If there are any questions and/or remarks, feel free to poast away.


Thoraemond
Minmatar
Far Ranger
Posted - 2011.02.13 11:13:00 - [52]
 

Edited by: Thoraemond on 13/02/2011 11:15:18
Edit: Fix typo.

Originally by: Corcyrus Endymion
I guess having a forum that supports tables is too much of a 2010 thing....
Even formatting seems impossible. I tried, believe me I tried.

Aiming for something more like this, I am guessing?

Foreign equity..........5 500.0
Equity.................18 792.3

Total..................24 292.3
-------------------------------

Trade goods.................0.0
Space infrastructure....1 200.0
Implants................2 500.0
Ships/Modules...........1 250.0
PLEX......................969.0
Liquid ISK.............18 373.3

Total..................24 292.3 MISK
-------------------------------

Corcyrus Endymion
Caldari
Elder Tribes
Posted - 2011.02.13 11:14:00 - [53]
 

Originally by: Thoraemond
Edited by: Thoraemond on 13/02/2011 11:13:59
Edit: Fix typo.

Originally by: Corcyrus Endymion
I guess having a forum that supports tables is too much of a 2010 thing....
Even formatting seems impossible. I tried, believe me I tried.

Aiming for something more like this, I am guessing?

Foreign equity..........5 500.0
Equity.................18 792.3

Total..................24 292.3
-------------------------------

Trade goods.................0.0
Space infrastructure....1 200.0
Implants................2 500.0
Ships/Modules...........1,250.0
PLEX......................969.0
Liquid ISK.............18 373.3

Total..................24 292.3 MISK
-------------------------------



I forgot about the code tag. But still..


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