Long Term Loan for TS Transition

[stratus]

This is the asset contract I came up with after some discussion with chris3spice. The idea is that investors pay for chris3spice's hormones and stuff and in return chris3spice agrees to create porn and give investors a percentage of all the money she makes from porn. There are some extra conditions in the contract which are supposed to stop investors from losing any money, while also being fair to chris3spice.

How many people would be interested in this? I will invest at least 25 bitcoins if it chris3spice posts pics and I think she has the potential to become hot.

BYLAWS

OVERVIEW

The money raised in this IPO will be used by chris3spice to buy hormones, etc. in order to change her sex to female. She will be producing transexual pornography during her transition, and may also produce pornography after her transition. A share in this asset entitles the owner to a share of the distributed profits from all of chris3spice's future pornographic activities.

22,000 shares will be sold in the IPO for 0.05 BTC each.

BUYBACK OPTION

Before all 22,000 shares are sold, the issuer may cancel the IPO and buy back all shares at 0.05 BTC per share.

After all shares are sold, the issuer may end all of her obligations by buying back all shares at 0.1 BTC per share.

ISSUER OBLIGATIONS

The issuer may make money from pornographic activities in a variety of ways. For example, she may record her own videos and sell them on a subscription site of her own; she may sell the copyright to her videos; she may use camming sites to make money; she may work for a company specializing in the creation of pornographic videos; etc. In any case, whenever the issuer is using pornographic images or videos of her body in order to make money, the full amount of money made is considered DISTRIBUTABLE REVENUE.

The issuer will occasionally distribute profits to shareholders in the form of dividends. Dividend payments should be made within seven days of the last day of every month when there are distributable profits in that month. DISTRIBUTABLE PROFITS is the distributable revenue for that month minus any allowed expenses for that month. If the expenses for that month are greater than the distributable revenue for that month, no dividends are made and the remaining expenses for that month are added to the next month's allowed expenses.

ALLOWED EXPENSES include only:
- Legal costs if the issuer runs her own site.
- Hosting costs if the issuer runs her own site.
- The pay of at most one employee if the issuer runs her own site. The pay must be reasonable. The issuer cannot be the paid employee.
- Specific fees levied by governments related to pornography production. Does not include tax.
- Fees required by sites that the issuer uses to make money.

If the issuer creates pornographic material and no other money-making contracts prevent her from claiming copyright on it, and she therefore would own copyright on it, the copyright is instead owned by the shareholders. Its ownership and use can be decided by a majority shareholder vote.

Each time dividends are distributed, the current USD value per share of the BTC so distributed is to be added to a running total; this running total is the USD-DENOMINATED TOTAL PAYOUT. The BTC per share paid out is likewise added to a separate running total; this is the BTC-DENOMINATED TOTAL PAYOUT.

If the USD-denominated total payout is less than 0.55, then the issuer is obligated to:

- Produce at least 240 minutes of pornographic video each month. One pornographic image is considered equivalent to one second of video. Camming itself is not considered creation of pornographic video; the camming session must be recorded for it to count.
- Try to make as much money as possible on the pornographic video produced above.
- Distribute to shareholders 100% of distributable profits.
- Not undergo sex reassignment surgery, as this would make the issuer's porn less unique and valuable.

If the BTC-denominated total payout is less than 0.05 but the USD-denominated total payout is greater than 0.55, then the issuer is no longer required to produce porn, and she may undergo sex reassignment surgery. However, she is still obligated to distribute 50% of distributable profits.

If the BTC denominated total payout is greater than 0.05 and the USD-denominated total payout is greater than 0.55, then the issuer is obligated to distribute 25% of distributable profits.

These obligations do not apply before all 22,000 shares are sold, or for the first 60 days after all 22,000 shares are sold.

Note: although the issuer receives a percentage of profits, she has no shares.

SHAREHOLDER VOTES

The issuer may call for a shareholder vote about any topic. One share equals one vote. At least seven days must be given for voting.

Shareholders may only independently call for binding votes regarding copyright on produced videos, or if the issuer has broken this contract.

AMENDMENTS

The issuer may make amendments to these bylaws if the changes are agreed to by a majority shareholder vote.

[katie.mckinley]

This is the asset contract I came up with after some discussion with chris3spice. The idea is that investors pay for chris3spice's hormones and stuff and in return chris3spice agrees to create porn and give investors a percentage of all the money she makes from porn. There are some extra conditions in the contract which are supposed to stop investors from losing any money, while also being fair to chris3spice.

How many people would be interested in this? I will invest at least 25 bitcoins if it chris3spice posts pics and I think she has the potential to become hot.

Help me finish picking out a name, I'm going to use it to register (as anonymously as I can with it) to make profiles and such.

[stratus]

Pepper
Camellia
Lavender
Willow
Saffron
Juniper

Maybe use names of women you admire.

[AngryCatfish]

I find the contract interesting, pending the blog I might grab some shares.
I like the name Katniss.

[katie.mckinley]

For my first name I'm still liking Katie or Laura
For a last name I've thought of Mcinnis, Byers, Kinsley, McMurray, Davis

[AndrewBUD]

Katie McKinley

[stratus]

Katie Byers

[katie.mckinley]

Katie Ann McKinley! I'm getting a blog all setup and email!

[Bitcoin Oz]

This is the asset contract I came up with after some discussion with chris3spice. The idea is that investors pay for chris3spice's hormones and stuff and in return chris3spice agrees to create porn and give investors a percentage of all the money she makes from porn. There are some extra conditions in the contract which are supposed to stop investors from losing any money, while also being fair to chris3spice.

How many people would be interested in this? I will invest at least 25 bitcoins if it chris3spice posts pics and I think she has the potential to become hot.

BYLAWS

OVERVIEW

The money raised in this IPO will be used by chris3spice to buy hormones, etc. in order to change her sex to female. She will be producing transexual pornography during her transition, and may also produce pornography after her transition. A share in this asset entitles the owner to a share of the distributed profits from all of chris3spice's future pornographic activities.

22,000 shares will be sold in the IPO for 0.05 BTC each.

BUYBACK OPTION

Before all 22,000 shares are sold, the issuer may cancel the IPO and buy back all shares at 0.05 BTC per share.

After all shares are sold, the issuer may end all of her obligations by buying back all shares at 0.1 BTC per share.

ISSUER OBLIGATIONS

The issuer may make money from pornographic activities in a variety of ways. For example, she may record her own videos and sell them on a subscription site of her own; she may sell the copyright to her videos; she may use camming sites to make money; she may work for a company specializing in the creation of pornographic videos; etc. In any case, whenever the issuer is using pornographic images or videos of her body in order to make money, the full amount of money made is considered DISTRIBUTABLE REVENUE.

The issuer will occasionally distribute profits to shareholders in the form of dividends. Dividend payments should be made within seven days of the last day of every month when there are distributable profits in that month. DISTRIBUTABLE PROFITS is the distributable revenue for that month minus any allowed expenses for that month. If the expenses for that month are greater than the distributable revenue for that month, no dividends are made and the remaining expenses for that month are added to the next month's allowed expenses.

ALLOWED EXPENSES include only:
- Legal costs if the issuer runs her own site.
- Hosting costs if the issuer runs her own site.
- The pay of at most one employee if the issuer runs her own site. The pay must be reasonable. The issuer cannot be the paid employee.
- Specific fees levied by governments related to pornography production. Does not include tax.
- Fees required by sites that the issuer uses to make money.

If the issuer creates pornographic material and no other money-making contracts prevent her from claiming copyright on it, and she therefore would own copyright on it, the copyright is instead owned by the shareholders. Its ownership and use can be decided by a majority shareholder vote.

Each time dividends are distributed, the current USD value per share of the BTC so distributed is to be added to a running total; this running total is the USD-DENOMINATED TOTAL PAYOUT. The BTC per share paid out is likewise added to a separate running total; this is the BTC-DENOMINATED TOTAL PAYOUT.

If the USD-denominated total payout is less than 0.55, then the issuer is obligated to:

- Produce at least 240 minutes of pornographic video each month. One pornographic image is considered equivalent to one second of video. Camming itself is not considered creation of pornographic video; the camming session must be recorded for it to count.
- Try to make as much money as possible on the pornographic video produced above.
- Distribute to shareholders 100% of distributable profits.
- Not undergo sex reassignment surgery, as this would make the issuer's porn less unique and valuable.

If the BTC-denominated total payout is less than 0.05 but the USD-denominated total payout is greater than 0.55, then the issuer is no longer required to produce porn, and she may undergo sex reassignment surgery. However, she is still obligated to distribute 50% of distributable profits.

If the BTC denominated total payout is greater than 0.05 and the USD-denominated total payout is greater than 0.55, then the issuer is obligated to distribute 25% of distributable profits.

These obligations do not apply before all 22,000 shares are sold, or for the first 60 days after all 22,000 shares are sold.

Note: although the issuer receives a percentage of profits, she has no shares.

SHAREHOLDER VOTES

The issuer may call for a shareholder vote about any topic. One share equals one vote. At least seven days must be given for voting.

Shareholders may only independently call for binding votes regarding copyright on produced videos, or if the issuer has broken this contract.

AMENDMENTS

The issuer may make amendments to these bylaws if the changes are agreed to by a majority shareholder vote.

Pimpin'

Although its a unique project Im not sure if Nefario will allow it on GLBSE so check with him first. If not theres a couple of other stock exchanges out there.

[Bitcoin Oz]

Katie Ann McKinley! I'm getting a blog all setup and email!

You should get Theymos to change your forum name 

[katie.mckinley]

Alright, Basic Blog is setup but no posts yet and I'll get my image account setup for uploading photos.
This week I have a busy school schedule and work but I should get something going by Friday even if it isn't much!

Sent PMs to Nefario and Theymos!

edit: Theymos got the name changed (obvious if you look)

[AndrewBUD]

LOL you picked my name... Do I get a prize? (no not that kind of prize)

[bitlane]

Do I get a prize? (no not that kind of prize)

I vote for you to be warmly rewarded with a co-starring role in the first film production

[AndrewBUD]

Do I get a prize? (no not that kind of prize)

I vote for you to be warmly rewarded with a co-starring role in the first film production

ahhh c'mon..... my wife would beat me....

[cablepair]

Selling GLBSE shares to change your sex so you can star in pornography?

I am sorry but this is just plain wrong.

ill buy 100 btc worth of shares if you change your mind about this.

I know this is going to cause everyone to freak out - but have you ever thought that maybe God (however you understand him)
created you the way you are for a reason?

Do you realize that this is a major drastic change and you will never be the same physically or mentally again? Or that your idea of a "career" is only likely to last a few years at the most?

Is it really worth it?


(looks at the previous posts and sees a lot of "curiosity" around here...) 

[jbreher]

I know this is going to cause everyone to freak out - but have you ever thought that maybe God (however you understand him)
created you the way you are for a reason?

It may come as a shock, but not everyone shares a belief in your specific god. Even if they did, if god made this person the way she did, why would that god put this idea in someone's head? Perhaps it is god's plan.

Do you realize that this is a major drastic change and you will never be the same physically or mentally again?

I kind of think that's the point. Or have you not noticed the early posts from OP indicating they've always felt this way?

Or that your idea of a "career" is only likely to last a few years at the most?

I may be wrong, but I think the porn angle was merely suggested by a potential investor as a means of capitalizing the operation. I don't this it was in OP's initial proposal. Are you worried the economic lifetime of this unique asset would need to be depreciated at a rate faster than the return?

[katie.mckinley]

I may be wrong, but I think the porn angle was merely suggested by a potential investor as a means of capitalizing the operation. I don't this it was in OP's initial proposal. Are you worried the economic lifetime of this unique asset would need to be depreciated at a rate faster than the return?

It was suggested and it was about the only way I see people grabbing shares so I thought, what the heck.

@cablepair - I get where you are coming from and thanks for the concern but I'm pretty set on doing it, I know what the consequences could/will be.

[stratus]

I know this is going to cause everyone to freak out - but have you ever thought that maybe God (however you understand him)
created you the way you are for a reason?

God obviously created OP with a female mind and a male body so she would make some nice transexual porn for us. My prayers have been answered!

It was suggested and it was about the only way I see people grabbing shares so I thought, what the heck.

I thought stocks in your porn career would be more fun, though I could draw up a regular loan/bond contract if you or investors would prefer that. :shrug:

[Bitcoin Oz]

Do I get a prize? (no not that kind of prize)

I vote for you to be warmly rewarded with a co-starring role in the first film production

lol

[AndrewBUD]

Do I get a prize? (no not that kind of prize)

I vote for you to be warmly rewarded with a co-starring role in the first film production

lol

meh