5. Dividends are paid weekly, to be paid within 30 days of the end of any unpaid calendar week.
This is not very clear to me. Are you trying to allow yourself net 30 terms for dividend payments?
Perhaps you mean dividends accrue weekly, and will be paid within 30 days?
You really should make that more clear. And preferably pick a specific day for dividend payments each week.
Since on glbse dividends go to the holders at the time payment is made, if you're paying dividends that were due 30 days ago, you're probably paying some of the wrong people (shares probably traded hands in the interim).
Maybe that's intentional? It certainly creates a new wrinkle, one which could hurt your bonds' liquidity.
This calendar week ends on the 4th on the turnover from saturday to sunday. As soon as that event happens, I have 30 days to pay that week's dividends (i.e. any dividends received during the previous calendar week of july 29th to august 4th inclusive).
GLBSE contracts are interpreted on an "at least this much" basis. I do intend to pay within 1-2 days, however this is a buffer zone I have created in case I am sick, unable to do anything, etc. It also forces anyone to wait 30 days before paying out on my behalf, so I don't lose control of the issue if I get into a car accident and can't type for 2 weeks (although there is a dead man's switch and you will be notified and dividends will be paid in any such case).
I figured that was the deal it was just a bit confusing.
