Difference between revisions of "Spera Bank/Investor Bill of Rights"

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Revision as of 19:29, 11 January 2020

  1. The amount of profit that goes to investor dividends is proportional to the amount of shares sold. For example, if all the shares were sold, 50% of the banks profit would go to dividends, but if only 1,000,000 shares had been sold, 10% of the profit would go to dividends. The rest would be put in reserve.
  2. The dividends for each investor are proportional to their amount of ownership - ie. if you own 1% of the bank (100,000 shares), you would get 1% of the profit in dividends.
  3. Every investor will receive dividends monthly. Dividends will be paid on Saturday.
  4. Every Investor is automatically a member of the board.
  5. The number of votes that an Investor has is entirely based on their ownership of the company. For every 1000 shares that an investor owns, they receive one vote.
  6. An investor may sell their shares to any other shareholder, at any time. The Bank's management must be notified of any transactions. In the future, a public share market will be opened.
  7. If a shareholder goes inactive for over two weeks, without prior notice, their dividends may not be sent to them. Instead these dividends will be redistributed.
  8. If a shareholder is inactive for over two months (excluding vacation mode, with prior communication), their shares may be auctioned off among other shareholders. The rules for this will be set out if and when they are needed.
  9. The bank has the right to buy shares back from the investor at any time, at a price agreed by both parties.
  10. In the infinitesimally unlikely event of the bank going bankrupt, the management will do everything in its power to ensure that shareholders are remunerated to the greatest extent possible, however, shareholders should note that buying shares comes with inherent risk and there is absolutely no guarantee that your investment will be reimbursed.