This seems like a good business. We need more dedicated hosting options payable in bitcoin.
I think you are making it more difficult than is necessary for people to invest though.
You should have put more effort in at the start at getting the GLBSE contract right as it cannot be subsequently modified.
... the owners of these shares are the owners of the organisation, such that all assets held and profits earned by the organisation are the property of the shareholders.
50% of the profits earned by the organisation will be paid to shareholders as a dividend, such that these profits will be divided equally among all shares.
Dividends are to be paid on a quarterly basis.
A change in the organisations by laws (a link to which can be found elswhere in this contract) requires the approval of at least 51% of shares in a vote on the issue in a motion.
- You are saying that 100% will be paid, but unfortunately, that will not be binding as you have stated 50% in the contract.
- I think there might be a contradiction in there too. You first say that the profits earned by the organization are the property of the shareholders, but then go on to say that only 50% of the profits will be paid out, leaving 50% retained earnings. That means that only 50% of the profit of the company is the property of the shareholders, the other 50% is retained earnings - i.e the property of the company. I'm not sure, but does that not invalidate the first statement?
- You said that dividends would be paid quarterly in the contact, but go on to say in this thread that they will be paid monthly. Again, not that it is of massive significance but just pointing out that it is not a binding agreement.
- Despite what it says in the contract, there doesn't seem to be a link to any bylaws for the company. So it's stuck like that and cannot be amended.
I want to invest in this company, but I probably would not buy any of these certificates. Not that I don't trust you to keep your word, but the contract really has to be rock solid if you want to attract legitimate investors. You should probably redo it then list up a new contract.
I'll second all of Peter's questions and ask a few of my own:
1. What are the upload and download speeds of your network? Do you have any files we can test with?
2. What do you forsee people using these servers for?
3. How much do you charge for monthly plans?
4. How do you handle private data remaining on the server when the contracts expire?
5. Are there any usage limitations on what you will allow to be run on these servers?
6. Does any software come pre-installed, such as a HTTP server, FTP server, Mail server, VNC server or VPN server?
7. Does the windows license cost extra or the same price as centOs?
8. What remote access protocols do you allow RDP/SSH/VNC?
9. Do users get full root access to the OS?
I'll also probably think of more, but thats enough for now.
1. What are the upload and download speeds of your network? Do you have any files we can test with?
I am pretty sure that they are 100MB.... I will ask again (I asked before and I forgot).
2. What do you forsee people using these servers for?
As I also have monthly billing available, pretty much anything. For hourly billing, anything that you would need an hourly server for (you get 3GB of Bandwidth per hour, and 2TB monthly).
4. How do you handle private data remaining on the server when the contracts expire?
The hard drive gets formatted, and then gets imaged with the OS that they want (windows costs a bit more).
5. Are there any usage limitations on what you will allow to be run on these servers?
As long as its not illegal, or pornography.
6. Does any software come pre-installed, such as a HTTP server, FTP server, Mail server, VNC server or VPN server?
I have many pre-imaged OS's to install... PM me or ask me in Bitcoin-otc.
7. Does the windows license cost extra or the same price as centOs?
Nope... 2 cents an hour more.
8. What remote access protocols do you allow RDP/SSH/VNC?
Anything that the OS supports.
9. Do users get full root access to the OS?
Of course!
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