Mopar, thankyou for running this joint stock offering.
The only thing that I will mention, was that my share resulted in a net total loss. I assumed that the profits from the venture would be distributed to all shareholders in proportion.
For example, if we had hit the whole coin. I assumed the profits would have been distributed to shareholders in proportion to the shares they held.
I should have contributed to the thread more to voice this idea this while the thread was still open. Which I will make sure to do next time.
If we do this again (which we should), I would enjoy if all shareholders fronted the same risk.
The only thing that I will mention, was that my share resulted in a net total loss. I assumed that the profits from the venture would be distributed to all shareholders in proportion.
For example, if we had hit the whole coin. I assumed the profits would have been distributed to shareholders in proportion to the shares they held.
I should have contributed to the thread more to voice this idea this while the thread was still open. Which I will make sure to do next time.
If we do this again (which we should), I would enjoy if all shareholders fronted the same risk.
if it had been a whole coin - yes it would have been distributed equally based on shares purchased.
when it turned out to be these two low cards, we had a vote where the majority voted to keep them intact and to raffle them off between those in the group to see who would win the cards - that way they could be kept intact.
had we peeled them and distributed - and iirc accurately - everyone would have gotten about approx 10-15 bucks (before txn fees)
This makes more sense now as I was not keeping up with the drama from the operation.
So the only real winner here was Mr. Stacy!
I like the idea of us forum users congregating around the creation of joint stock offerings.
For example, when many of us work together we can accomplish much more than if we were to work individually without nearly as much risk.
20 of us could each bring in $100 and suddenly we have $2000 of purchase power! With only 1/20th the risk!
