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Author Topic: What is a good wording for a GLBSE share contract?  (Read 816 times)
ripper234
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Ron Gross


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August 25, 2011, 11:14:32 PM
 #1

(If this is off topic, please move it)

http://draw3cards.wordpress.com/2011/08/26/we-need-your-help-looking-for-co-foundersco-owners/

I am the owner of Draw3Cards.com, a small Q&A site with 1500 daily pageviews. I am looking for more partners / investors as a means to help keep the site alive and grow it, and thought about possibly managing ownership via GLBSE.

I might also take this opportunity to check if there is any demand to buy small amounts of Draw3Cards shares as an investment. Currently, the site makes about $40 per month (a tiny amount, I admit). I don't know how appealing it is as an investment, but I would like to issue shares with GLBSE regardless, as a means to include co-founders in the site.

So ... my question is - what ia good wording to use when I issue the GLBSE contract? I saw some similar contracts, these mention the dividend payment schedule. Is this a good idea? Currently dividends are too low to be paid out effectively, and besides this might change in the future, and I'm not sure it should be part of the contract.

Any other thoughts on what should or should not be mentioned in the contract?

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Nefario
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August 25, 2011, 11:26:29 PM
 #2

Well it really depends on what you want to do with the company and what you want to use the shares for.

You say that you're not too interested in scheduled dividend payments, fine don't mention them. You could say dividend payments MAY be made at the discression of management.

You want it as a way to include co-founders or partners in on the ownership of the business, then state that each share also owns a portion of all companies assets.

In general you just want to include what you want the shares to do, thats about it really.

Zombie Nefario.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
ripper234
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Ron Gross


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August 25, 2011, 11:33:33 PM
 #3

Well it really depends on what you want to do with the company and what you want to use the shares for.

You say that you're not too interested in scheduled dividend payments, fine don't mention them. You could say dividend payments MAY be made at the discression of management.

You want it as a way to include co-founders or partners in on the ownership of the business, then state that each share also owns a portion of all companies assets.

In general you just want to include what you want the shares to do, thats about it really.

Zombie Nefario.

That's what I figured, pretty much.
I'll see how my efforts go at finding co-founders, and I'll verify this with them.

Thanks,
Ron

P.S.
Have you been killed? Since when are you a zombie?

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Nefario
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August 25, 2011, 11:46:13 PM
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P.S.
Have you been killed? Since when are you a zombie?

Well I've just stayed up all night to get the new version of GLBSE rolled out, I can't speak, and there is a think yellow oooze dripping from my ear so...

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
ripper234
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Ron Gross


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August 25, 2011, 11:51:57 PM
 #5

Well I've just stayed up all night to get the new version of GLBSE rolled out, I can't speak, and there is a think yellow oooze dripping from my ear so...

Coolness. Any interesting new features?

Do you have a GLBSE-related twitter account other than https://twitter.com/GLBSE (which is just auto-pumped with trade data)?
I would be interested in hearing even one-liner updates about GLBSE, that don't necessarily warrant a blog post.
Also, do you have a Google+ account I could follow?

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Nefario
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August 26, 2011, 12:39:36 AM
 #6

Well I've just stayed up all night to get the new version of GLBSE rolled out, I can't speak, and there is a think yellow oooze dripping from my ear so...

Coolness. Any interesting new features?

Do you have a GLBSE-related twitter account other than https://twitter.com/GLBSE (which is just auto-pumped with trade data)?
I would be interested in hearing even one-liner updates about GLBSE, that don't necessarily warrant a blog post.
Also, do you have a Google+ account I could follow?

Have a look at the bottom of glbse.com, you'll see the link to our twitter feed and blog.

New features being faster developement time, but the immediate one is going to be better transaction records for users to see.

Following that there is direct account to account bitcoin transfer, escrow and others.

Nefario.

PGP key id at pgp.mit.edu 0xA68F4B7C

To get help and support for GLBSE please email support@glbse.com
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August 26, 2011, 12:54:02 AM
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ripper don't you have that bond thats listed on there? Hows that workin out?
ripper234
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Ron Gross


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August 26, 2011, 01:08:33 AM
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ripper don't you have that bond thats listed on there? Hows that workin out?


Great actually. I've sold 77 shares so far at >= 0.95 BTC each.

Nefario - nice to hear about the new features, I somehow missed the twitter link. Subscribed no via RSS.

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