Quote
Any winnings get paid to shareholders
Where did you get the idea I would pay only 1 shareholder
Topic: [Cancelled] OZLOTTO - page 2. (Read 2373 times)
Where did you get the idea I would pay only 1 shareholder
Then everyone holding a ticket/share gets paid.
I think that he wants to buy a set of other lottery's tickets with received funds, and in case they win, he will share the prize with investors as a dividend.
Listing it as an asset for a lotto company (where the funds are used to develop software or something) then yes that's fine, but having the shares being the lotto tickets, then no.
Nefario
Nefario
Hey I've no problem with you going ahead with this, but having the tickets as shares won't work from a technical point of view either, there is no way to pick a single share out of all sold to make any payment to.
It also helps to keep GLBSE cleaner, there are already a lot of assets on the market page (this is going to be improved).
I would just convert the AUD to btc and pay it out as a dividend ?
Perhaps divide the assets into market sector would help.
Then everyone holding a ticket/share gets paid.
Listing it as an asset for a lotto company (where the funds are used to develop software or something) then yes that's fine, but having the shares being the lotto tickets, then no.
Nefario
Nefario
Hey I've no problem with you going ahead with this, but having the tickets as shares won't work from a technical point of view either, there is no way to pick a single share out of all sold to make any payment to.
It also helps to keep GLBSE cleaner, there are already a lot of assets on the market page (this is going to be improved).
I would just convert the AUD to btc and pay it out as a dividend ?
Perhaps divide the assets into market sector would help.
Listing it as an asset for a lotto company (where the funds are used to develop software or something) then yes that's fine, but having the shares being the lotto tickets, then no.
Nefario
Nefario
Hey I've no problem with you going ahead with this, but having the tickets as shares won't work from a technical point of view either, there is no way to pick a single share out of all sold to make any payment to.
It also helps to keep GLBSE cleaner, there are already a lot of assets on the market page (this is going to be improved).
Listing it as an asset for a lotto company (where the funds are used to develop software or something) then yes that's fine, but having the shares being the lotto tickets, then no.
Nefario
Nefario
Listing it as an asset for a lotto company (where the funds are used to develop software or something) then yes that's fine, but having the shares being the lotto tickets, then no.
Nefario
Nefario
Interesting. Which securities do you plan on investing in?
Winning the jackpot (>$2mln AUD) would give about 90BTC per share (minus expenses) atm. The odds probably aren't that great with only 2200 shares though.
Winning the jackpot (>$2mln AUD) would give about 90BTC per share (minus expenses) atm. The odds probably aren't that great with only 2200 shares though.
Buying lotto tickets with a group of people is not illegal at least where I live 
Are gambling securities allowed on the GLBSE?
I dont see why not.
Are gambling securities allowed on the GLBSE?
Edit: This is a bad idea as people are confusing the purpose and structure of the fund.
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