Topic: [GLBSE] N33D W33D MMJ Growing Op - page 4. (Read 5477 times)
Wanted to get some input on a possible security i have plans for.
www.n33d.org - UnderDevelopment
IPO Description (stock/share):
The owner of this certificate (aka. the shareholder) is a holder of one share of ownership in this organization, which entitles its holder to one vote in motions put forth by the organzation and to one share of the organizations profits. Motions can be put forward for voting by either the organizations CEO, or by 30% or more of shares, and require the vote of 51% or more of shares to pass. Profits are the net income remaining after expenses. Profits earned by the organization will be paid to shareholders as a dividend, divided equally among all shares. Funds will be generated by selling the end product (and/or clones) to local MMJ delivery services & documented patients. Future plans include expanding to additional grow sites.
As a venture such as this can pose risks to the organization making secrecy somewhat mandatory, yet operating an organization without some sort of transpanency is just plain unethical; our organization therefor will be keeping shareholders up to date on progress with daily to weekly photos & journal entries, including the organization's financial reports. Any piece of information that puts at risk the future of this organization, such as names or locations, will be omitted from the update entries before release.
In the event of winding up of the organization and liquidating of it's assets, after the payment of the organizations creditors, the shareholders will be paid all remaining liquidity, divided equally among shares, such that one share entitles the holder to a single share of liquidity.
No shareholder is liable for the actions of this organization, or anyone who performs any action or task for this organization. No shareholder is liable for any debt that this organization takes on. The limit of liability of a shareholder is solely limited to the capital already invested in this organization when this share was purchased, and no further. Shareholders may not vote out the CEO as this position is permanent.
www.n33d.org - UnderDevelopment
IPO Description (stock/share):
The owner of this certificate (aka. the shareholder) is a holder of one share of ownership in this organization, which entitles its holder to one vote in motions put forth by the organzation and to one share of the organizations profits. Motions can be put forward for voting by either the organizations CEO, or by 30% or more of shares, and require the vote of 51% or more of shares to pass. Profits are the net income remaining after expenses. Profits earned by the organization will be paid to shareholders as a dividend, divided equally among all shares. Funds will be generated by selling the end product (and/or clones) to local MMJ delivery services & documented patients. Future plans include expanding to additional grow sites.
As a venture such as this can pose risks to the organization making secrecy somewhat mandatory, yet operating an organization without some sort of transpanency is just plain unethical; our organization therefor will be keeping shareholders up to date on progress with daily to weekly photos & journal entries, including the organization's financial reports. Any piece of information that puts at risk the future of this organization, such as names or locations, will be omitted from the update entries before release.
In the event of winding up of the organization and liquidating of it's assets, after the payment of the organizations creditors, the shareholders will be paid all remaining liquidity, divided equally among shares, such that one share entitles the holder to a single share of liquidity.
No shareholder is liable for the actions of this organization, or anyone who performs any action or task for this organization. No shareholder is liable for any debt that this organization takes on. The limit of liability of a shareholder is solely limited to the capital already invested in this organization when this share was purchased, and no further. Shareholders may not vote out the CEO as this position is permanent.
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