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Topic: Re: [GLBSE] [Bakewell] - Monday Sept 3 2012 12:00 (Read 407 times)

full member
Activity: 224
Merit: 100
September 26, 2012, 02:46:32 PM
#1
Was speaking with Usagi of CPA this morning.
I am going to create a shareholder protection insurance fund with them.

I will be pledging 50% of the dividends received on my personally held shares.
I will continue to pay into the fund until 50% of the ipo value of the public shares is held in reserve.

This puts our insurance goal at 3750 BTC / .075 per share

I agree to this! You can pay an amount based on the dividend if you prefer. That won't break the contract since it was stated here. I'll just confirm it's been accepted at this time for future reference.

Yes, thank you Smiley

Speaking to Usagi this afternoon & seeing how we are about to move into dividend time, the shareholder insurance fund will move from the initial opening 1btc per week, to the pledged 50%
This week will likely be our last without operating equipment  Cool
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