Buying Fungi tunic 70k (paying 35k now, and 35k later on as money comes in)

[schnickusaurus]

Hi guys,

Since my name in game is Schnickusaurus and many people know me at EC tunnel,

I am checking if anyone is willing to sell me Fungi tunic for total of 70k

I have 35k cash now that you can get, and will pay another 35k as soon as I get money for it, eventually you get 70k.

I make about 5-10k per week so I estimate you should have full 70k within 1 month from now.

Can use this post as agreement / evidence i guess.

Plz respond to here if you interested / willing to do the deal!

Thanks!

BR // Schnickusaurus

[ozoden]

Ill do this for 35k down and 5k a week for 4 months. At any point you miss a payment the fungi tunic will get repo'ed back to me and I keep the down payment and any additional payments that I have recieved.

[Ella`Ella]

Are you amortizing the cost to equal 20k/mo on months that have 5 weeks?

[schnickusaurus]

Guys I need to keep the tunic. And you will get 70k soon enought..

I already made 5k worth gear yesterday Making me soon have 43k cash. In like 4 days i will change this post to 'i pay 50k now and 20k asap as money comes in' :P

Can you come up with à more solid solution? Maybe you feel more comfortable if we Wait 1-2 weeks and i have 55k and you get 15k as weekly payment rest?

[Temig]

Ozoden's offer lets you keep the tunic so long as you make all the payments. He's charging a heavy premium though, which may or may not be reasonable... there is a considerable amount of risk being taken by him so it's hard to say.

Long story short, you'll likely have a hard time finding someone willing to front you a Fungi at straight up market value both because of the risk involved as well as TVM (time value of money) which basically means that 35k spread over X weeks is not as valuable as 35k right now.

All this being said, I don't have a fungi to offer (I'm currently saving up for one myself after I sold my last one to partially fund the character I'm now buying for), but I do wish you the best of luck in obtaining one... I've seen you consistently around EC tunnel so I don't doubt you can save up for it eventually one way or another.

[Widan]

Can you come up with à more solid solution? Maybe you feel more comfortable if we Wait 1-2 weeks and i have 55k and you get 15k as weekly payment rest?

Yea, offer 80k total instead. You're offering nothing to compensate for risk.

[Ella`Ella]

I'll write an insurance policy on the transaction for 10% of total value, payable by the seller.

Buyer provides me with emu/login info. Emu password (server login will remain unchanged) will be changed during the loan term. When the debt is satisfied, emu information will be released back to the buyer immediately upon final payment.

In the event of default, the item will go into escrow (I will provide this service) where it will sell for the remaining balance owed to the seller. (ex. if the initial down payment is 50k and the remaining interest payments amount to 35k, the tunic will be sold in EC/Auction for 35k).

The item on loan with lien against it, is not to be removed from the account under any circumstance. If the item is moved to a character on another account, it must be documented BEFORE the transfer and emu info be provided for that new account. If the item is removed from the account before the maturity date of the loan and is not documented, the loan will be considered in default and the emu info will be turned over the to lien holder (seller).

As an insurance policy on my good faith and credit, I will deposit 250k into escrow with a reputable third party for as long as this business is in effect. In the event that the policy underwriter (me) defaults or breaches the trust of either party by any material disruption to the course of business, claims pursuant against me can seek restitution from these funds held with the escrow party to the extent of the value of services rendered. The underwriter's funds on deposit with the escrow will be ineligible for the underwriter to redeem back while any insurance policy is in effect (effective).

Qualifications for eligibility for insurance will vary depending on value of item on loan.

[schnickusaurus]

How about 40k cash now. I pay 5k per week. IF i miss payment i pay 500pp fee so you will them get 70 500pp in the end but agreement is kept forever to ensure I get tunic and you get 70k (+ fee if i fail some week) ?

[Nikkanu]

http://www.senseoncents.com/wp-content/uploads/2009/12/Wimpy.jpg

[zanderklocke]

How about 40k cash now. I pay 5k per week. IF i miss payment i pay 500pp fee so you will them get 70 500pp in the end but agreement is kept forever to ensure I get tunic and you get 70k (+ fee if i fail some week) ?

Even still, the problem with this is that there is no incentive to the seller. Now if you were willing to pay 80K total when the current going rate on a fungi tunic is 75K, then it might make sense to the seller.

Otherwise, they're only doing it to be gracious to a stranger when they have a chance to be ripped off.

[Nikkanu]

Reasons why your proposal is not likely to work:

1. Finding a Fungi for 70k takes some time, I would suggest this the minimum price you'd be able to buy for IF you had the full amount in plat.

2. Fungis sell quickly and are always in high demand, I've sold every one I have had same day.

3. Your offer gives 0 incentive to the seller.

4. Your offer gives 0 insurance to the seller that you won't scam them or take forever to pay them back.

5. As more platinum enters the economy every day inflation causes platinum to lose some value over time (except in the case of widespread RMT bans and the such) so there's added risk that when you finally pay off the loan in 1-2 months plat will not be worth as much.

6. People are motivated by the prospect of a new item, when they get that item their motivation often wanes.

[Nikkanu]

Now maybe if you where offering 80-85k to the seller and both buyer and seller are willing to agree with the terms Ella`Ella has put forth I could see that as a possibility, but still a long shot.

[schnickusaurus]

Hmm i see alot of ppl WTS but the ppl buying offer/auction 60-67k.

My offer is 70k + extra fee if om delayed. À seller who needs 40k fast and Can live with 30k over à 6 weeks time shouldnt see this as à bad proposal.

I see 3 sellers everyday for 70-75k but tis not many buyers today?

[Nikkanu]

Hmm i see alot of ppl WTS but the ppl buying offer/auction 60-67k.

My offer is 70k + extra fee if om delayed. À seller who needs 40k fast and Can live with 30k over à 6 weeks time shouldnt see this as à bad proposal.

I see 3 sellers everyday for 70-75k but tis not many buyers today?

http://upload.wikimedia.org/wikipedia/commons/3/3b/Paris_Tuileries_Garden_Facepalm_statue.jpg

[tortue ninja]

I will sell u mine for 75kp in whatever time it takes u to get this cash. I'm receiving it for u! u can trust me! Thats the best solution u will find.

[schnickusaurus]

I ll just save up to 70k :P seems be only way rofl.

If i was à seller I would probably like 5k per week but yeah would probably expect 75k then. Agree that 70k is a lil low with this solution

Anyway: seller drop me a tell if u want to consider later on when i got more cash

[Atalya]

I did this once for an Azure Guard shaman for torpor. He paid 60k and said he would get me the other 40k soon. Here it is 3 months later and i've never gotten a single copper from the loser

[Nikkanu]

I did this once for an Azure Guard shaman for torpor. He paid 60k and said he would get me the other 40k soon. Here it is 3 months later and i've never gotten a single copper from the loser

Not surprising. :(

Name and shame!

[Atalya]

Not surprising. :(

Name and shame!

I need to check my /friends list for his name as he hasn't contacted me about any sort of payment even though i saw his stream a few days later of him winning a fungi in king camp. Actually let me go remote pc off my cell phone and load eq

[Ella`Ella]

I need to check my /friends list for his name as he hasn't contacted me about any sort of payment even though i saw his stream a few days later of him winning a fungi in king camp. Actually let me go remote pc off my cell phone and load eq

Buy insurance!

http://www.project1999.com/forums/showpost.php?p=1603928&postcount=7

[Atalya]

Not surprising. :(

Name and shame!

Mixing

[bigsykedaddy]

Hi guys,

Since my name in game is Schnickusaurus and many people know me at EC tunnel,

I am checking if anyone is willing to sell me Fungi tunic for total of 70k

I have 35k cash now that you can get, and will pay another 35k as soon as I get money for it, eventually you get 70k.

I make about 5-10k per week so I estimate you should have full 70k within 1 month from now.

Can use this post as agreement / evidence i guess.

Plz respond to here if you interested / willing to do the deal!

Thanks!

BR // Schnickusaurus


First of all I sell Fungi's regularly for 75k , so you wanting to finance a tunic at 70k boggles my mind a bit. Like others have said if you would bump the offer to 80k total that might compensate a little for the risk involved. However, that being said I don't believe you will have much luck finding someone, who doesn't know you, to front you the tunic. Best of luck though!~

[Nikkanu]

Mixing

You should contact an officer in AG if you have logs of the agreement. I'm sure they wouldn't be happy to find out they have a scammer in their guild.

[Atalya]

Do you know any of this douche bags alts? AG doesn't even have a member page so can't even see if he's still in the guild or not

[Ahmet]

We have a guild roster on our website but I think it's only accessible with member access. Character "Mixing" isn't on it from what I see.

[Atalya]

its completely possible he's in Asgard as i usually get those 2 mixed up (stoner)

[Ahmet]

Should probably do some research before name-dropping like that so adamantly, my man. Good luck in your search, hope you find the scoundrel.

[Atalya]

I know WHO it was... What does it matter if i got his guild tag incorrect? Random_mid_level_guild_03 or random_mid_level_guild_09

[Ahmet]

Haha yeaaaaaa.. good luck man.

[Fysts]

I will do 40k upfront 5k/wk for 8 weeks. If you miss 1 payment, it is a 1k penalty. I require all your charecter names. This prolly the best anyone gonna offer.

[Briscoe]

What I want to know is why you are so intent on having a Fungi RIGHT NOW when you are just going to be spending all of your time hustling in EC to make the rest of the plat anyway.

Just spend a few more weeks hustling and buy it straight up. You know this market, right? Unless Velious drops next week, prices aren't going anywhere except marginally down. Chances are if you just put your head down and keep earning plat, you can probably score it for 65k a month from now.

[baakss]

There's the time value of having the money right now too for the potential lender.

5k in profit over 4-8 weeks instead of just selling right now for 5k less potentially harms the lender's ability to pick up a few other cheap items and turn them for even more profit in that time. Depending on how much time they spend in EC. :) Even so, 70k isn't exactly high for a fungi.

[holsteinrx7]

ill vouche for this guy. HARD worker. farmed dreadscale till he paid off a COF....

[Zoesha]

lol this thread is hilarious

[schnickusaurus]

I made 15k valued items in 2 days now. I am omw to EC tonight. NeXT week I will update this thread to WTB Fungi, paying 50k now and 20k in 3-4 weeks.

I want the Fungi now cuz I am eager rofl!! And yeah I did buy à CoF already from hard work over 2 months so I am a reliable guy! ;O)

Sellers drop me a tell if you change your mind.. :)

[Daldaen]

Why not put up your CoF as collateral???

You get your fungi, the sells isn't screwed if you poof, you have motivation to get the rest of the money and your CoF back.

Seems like a good deal.

[schnickusaurus]

Hmm too high risk.. I would prefer to pay a higher price then like 75k. As i am closing in on 60k the deal will be less attractive to me so I am really hoping someone will take 50k now and trust me to pay 20k within 1 month....

[Pringles]

I will finance my fungi for 80k to you, 40k down payment and your COF as collateral, COF returned the moment you pay off the 80k. Must be paid off, in full, within 4 weeks else I keep all monies received and the COF.

[Daldaen]

Hmm too high risk.. I would prefer to pay a higher price then like 75k. As i am closing in on 60k the deal will be less attractive to me so I am really hoping someone will take 50k now and trust me to pay 20k within 1 month....

You do understand the irony in this, correct?

You're asking someone to take a high risk in you, but you won't take a high risk in them...

[picaro11]

I'll write an insurance policy on the transaction for 10% of total value, payable by the seller.

Buyer provides me with emu/login info. Emu password (server login will remain unchanged) will be changed during the loan term. When the debt is satisfied, emu information will be released back to the buyer immediately upon final payment.

In the event of default, the item will go into escrow (I will provide this service) where it will sell for the remaining balance owed to the seller. (ex. if the initial down payment is 50k and the remaining interest payments amount to 35k, the tunic will be sold in EC/Auction for 35k).

The item on loan with lien against it, is not to be removed from the account under any circumstance. If the item is moved to a character on another account, it must be documented BEFORE the transfer and emu info be provided for that new account. If the item is removed from the account before the maturity date of the loan and is not documented, the loan will be considered in default and the emu info will be turned over the to lien holder (seller).

As an insurance policy on my good faith and credit, I will deposit 250k into escrow with a reputable third party for as long as this business is in effect. In the event that the policy underwriter (me) defaults or breaches the trust of either party by any material disruption to the course of business, claims pursuant against me can seek restitution from these funds held with the escrow party to the extent of the value of services rendered. The underwriter's funds on deposit with the escrow will be ineligible for the underwriter to redeem back while any insurance policy is in effect (effective).

Qualifications for eligibility for insurance will vary depending on value of item on loan.

You know you are leaving money on the table on this deal right? In the event that the recovered asset price well exceeds the loan outstanding.

You collect a fee AND can get a percentage (or all) of excess proceeds. All seller gives a shit about is being made whole. Or you can cut him in on the deal "in the event of..." or whatever.

[Ella`Ella]

You know you are leaving money on the table on this deal right? In the event that the recovered asset price well exceeds the loan outstanding.

You collect a fee AND can get a percentage (or all) of excess proceeds. All seller gives a shit about is being made whole. Or you can cut him in on the deal "in the event of..." or whatever.

Was trying to cover myself in the event the lawyers showed up. I know in the case of storage and bailment, an asset cannot be sold for more than the total remaining balance. Although, selling for the full market value in addition to retaining the amount of principal and interest paid to date in event of default is ideal.

[loramin]

lol this thread is hilarious

[sheepshop]

What a joke.. First of all i paid you 65k Atalya and you hadnt been on for weeks prior to when i took a break. Not my fault you stopped logging on then randomly make a QQ thread when u come back to the game. Maybe when i get around to updating my spell files ill log on and give you the plat. P.S. Thanks for the slander qt.

[sheepshop]

And on another note. I stream other games quite frequently so why not just ask me in stream chat if you have me followed if you're that worried about it instead of attacking my character on a forum thread... zzzz

[ripwind]

5 pages in and nobody is citing the EC FAQ. This is the best!

[ripwind]

Oh, sheepshop, what guild are you in? May as well clear that up right away, too.

[Dany]

Roflmfao...

[schnickusaurus]

Fysts its a deal for me if you accept 40k cash and 5k for 7 weeks. 1k penalty. Thats 75k total . I will most likely cover the 75k earlier Than 7weeks (have 10k unsold gear now is why). I wish to pay on wednesdays and it counts from when we do the deal (done on a wednesday)

Sounds good 2 you?

[Taminy]

I'll sell you a fungi for 60k. 40k down payment and I will hold it for you. When you pay off the rest of the 60k you get your fungi.

[schnickusaurus]

Taminy joking right? =P i see ppl offering 65k full cash right now so u kinda could do better by just logging on and going to EC.. but if you arent joking it is a good deal tbh =P

[schnickusaurus]

I made 50k cash now, so deal will be i pay 50k now and 25k in a months time more or less , if any seller interested contact me. You simply gotta trust me to pay remaining cash asap.

[Taminy]

You simply gotta trust me to pay remaining cash asap

Why should anyone trust you? You certainly didn't bite on my attempt to take 40k from you so I think you're either trying to score a cheap fungi or you're an elaborate troll.

[schnickusaurus]

always a risk so yeah abit trust is required. But i guess im offering 75k total and thats higher than the 65-70 you see every now and then in EC. So thats your reason for doing the deal.

But anyways, your 40k is nonsense, since you ask for 60 k total and u can get that directly from EC right now so ofc I would not trust your offer since it doesnt make sense.

I will be closing in on 60k this week so this thread is about to die out anyways since once I hit 60k i just wont be interested anymore, cuz then im close enough to do a cheap deal with full cash, say close to 70k. This thread started simply because I only had 35k and thought i could buy it in advance. But I was wrong =P so nevermind ! :)

[Taminy]

always a risk so yeah abit trust is required. But i guess im offering 75k total and thats higher than the 65-70 you see every now and then in EC. So thats your reason for doing the deal.

But anyways, your 40k is nonsense, since you ask for 60 k total and u can get that directly from EC right now so ofc I would not trust your offer since it doesnt make sense.

I will be closing in on 60k this week so this thread is about to die out anyways since once I hit 60k i just wont be interested anymore, cuz then im close enough to do a cheap deal with full cash, say close to 70k. This thread started simply because I only had 35k and thought i could buy it in advance. But I was wrong =P so nevermind ! :)

No sane person would take the deal you're offering either right now and you know it.

And of course I was just trolling you to illustrate how ridiculous you are.

[schnickusaurus]

so 50k cash + 25k delayed (maybe just 2-3 weeks) for fungi is insane? pfft ima try get it for 67-70k in 2 weeks. That will prove you wrong, since the insane deal that did not happen would mean 5-8k profit loss for the seller. But you could be right, will see later on =p

[Taminy]

so 50k cash + 25k delayed (maybe just 2-3 weeks) for fungi is insane? pfft ima try get it for 67-70k in 2 weeks. That will prove you wrong, since the insane deal that did not happen would mean 5-8k profit loss for the seller. But you could be right, will see later on =p

Just because you can farm it does not prove me wrong.

You're likely a charlatan trying to score a fungi for under market value but if you can't you'll buy it for market value.

What makes the deal insane is there is no guarantee behind it whatsoever. I could promise 70k now + another 130k over the next couple months for a CoF, which is well above market value. It's still not worth the risk that I take the cloak and run.

[foldupmonk]

Well why we are on the subject. Anyone hook me up with a FBSS on the same terms :P

[Atalya]

And on another note. I stream other games quite frequently so why not just ask me in stream chat if you have me followed if you're that worried about it instead of attacking my character on a forum thread... zzzz

I asked you the DAY AFTER i saw you get a fungi tunic. You told me some bullshit that you didn't have any money from it yada yada. And i was online literally all day EVERY day for the month after i gave you that torpor because i had a month off work and sat farming gear to apply for TMO/IB like 14 hours a day. How the hell am i ever supposed to PM you when you have an account name "Sheepdog" . My account name is the same as my in game name and guess how many PMs i got from you in the last 4 months telling me about my plat? Zero.