LABCO represents a passthru asset to Labcoin.
https://www.havelockinvestments.com/order.php?symbol=LABCOThis is asset is being offered for the purpose of providing Havelock Investment users a quick and efficient way of purchasing Labcoin shares.
Company Details
Website:
http://labcoin.com/BTC-TC details:
https://btct.co/security/LABCOINForum:
https://bitcointalk.org/index.php?topic=263445.0Shares
Each unit of LABCO represents a share of Labcoin.
Dividends
Each LABCO unit has the right to 95% of its respective dividends. 5% will be retained for asset management fees. The amount of the dividend is defined as the same amount distributed by Labcoin to the shares held by the issuer for this asset. Dividends will be paid within 48 hours or less of confirmed payments from Labcoin.
Labcoin has indicated that they will “Pay regular dividends amounting to a perceptual share of ownership in the company on a bi-weekly basis. The dividends paid will consist of between 70-80% all profits while 20-30% of profits will be held as a reinvestment fund for development, marketing and manufacturing. ALL share holders have the right to an equal share of dividends directly based on their ownership.”
Voting Rights
Any public votes presented by Labcoin will be decided by the issuer for all assets at their own discretion.
Quantity and Source of Shares
Units cannot be imported or exported by shareholders at this time, but units can be freely bought and sold. Units may be imported at will by the issuer alone.
Reserved Rights
Issuer reserves the following rights:
1. To change schedule of dividends to be in line with any changes in schedule the underlying asset may enact.
2. To make changes to this contract that best represents the interests of its shareholders
3. To correct and clarify any gross errors or details herein that may prove to be open to misinterpretation.
Dissolution
In the event that the issuer chooses to, or is forced to, close this asset for any reason, the following methods may be used for dissolution in any combination:
1. A new operator may be vetted and chosen by Havelock Investments to take over control of the asset.
2. Shares may be bought back from shareholders at a reasonable market value.
3. In the advent of a sale of the underlying asset, the issuer will distribute the sale price to unit holders minus a 1% dissolution fee.
Issuer Info
The Labcoin passthru will be maintained and operated by Havelock Investments. Havelock Investments has not performed any due diligence on the underlying asset and individuals involved in managing Labcoin.
Havelock Investments makes no guarantees in the case of unexpected behavior of the underlying asset company or the decisions of Labcoin and/or BTC-TC. This is only a passthru, and the actions of Labcoins will drive the definition of this asset in kind.
NOTE: More passthru units will be added as needed.
https://www.havelockinvestments.com/order.php?symbol=LABCO
