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D. Expiration Clause
1. If there is no default event prior to September 15th, 2013,
CPA will contact the business and request guidance; the
options will be:
1. to extend coverage,
2. to release the trust account to the business,
3. to release the trust account to the shareholders
(as a special dividend).
2. The guidance will be published on the CPA website for a
period of 30 days before actoin is taken on that guidance.
I just wanted to touch on the expiry of the insurance real quick.
For as long as this asset is active I will consistintly choose to extend the coverage.
The only time coverage will be pulled / the fund dissolved will be in one of the following events:
I reserve the options of either buying back the offering at 105% of the highest price the asset was traded on GLBSE over the prior 360 hours,
Or liquidating the physical equipment and utilizing the proceeds to pay a final dividend before closing the asset.
Should this happen, I will ask for the balance of the fund so that it may be paid out in a one time special dividend
The only other time this fund should be dissolved is in the event of my default, in that case I would hope Usagi send the funds to Nefario who distributes it to shareholders.