C
CraftyCockney
30 Dec 2009 13:09
Link
Just thought I would give this more exposure for the benefit of newer players who don't want to learn the hard way...
jkwah (Little Upsilon)
Wednesday, December 30, 2009 - 02:19 am Click here to edit this post I submitted a bid for a privately owned corporation. I logon today to find the previous owner had taken out 1T in loans during the bid process, sold all raw materials, and all the cash was gone. This was obviously done to make me retract the bid, or just destroy me.
I'm fairly new to the game. Is this something that happens often, and should I simply not make bids for private corps with low MV? I don't have time to continously monitor the bidding process to see if this is happening.
Luonnotar (Golden Rainbow)
Wednesday, December 30, 2009 - 02:55 am Click here to edit this post Yes. This practice is sometimes called a "debt bomb" and can be used to punish and profit from those who place hostile bids on corporations.
Hostile bidding is frowned on here. In the future you can avoid this situation by only placing bids on player-owned corporations if you were given prior consent.
Crafty
jkwah (Little Upsilon)
Wednesday, December 30, 2009 - 02:19 am Click here to edit this post I submitted a bid for a privately owned corporation. I logon today to find the previous owner had taken out 1T in loans during the bid process, sold all raw materials, and all the cash was gone. This was obviously done to make me retract the bid, or just destroy me.
I'm fairly new to the game. Is this something that happens often, and should I simply not make bids for private corps with low MV? I don't have time to continously monitor the bidding process to see if this is happening.
Luonnotar (Golden Rainbow)
Wednesday, December 30, 2009 - 02:55 am Click here to edit this post Yes. This practice is sometimes called a "debt bomb" and can be used to punish and profit from those who place hostile bids on corporations.
Hostile bidding is frowned on here. In the future you can avoid this situation by only placing bids on player-owned corporations if you were given prior consent.
Crafty