Proposal: I’m Out
Times out and passes at 11-0. -Purplebeard
Adminned at 29 Apr 2011 03:26:24 UTC
Add a subrule to “Corporations”, “Startups”:
As a weekly action, an Investor may attempt to start up a new Corporation by making a post with the title “Startup: NAME (XXX)”, where NAME is the name of the new Corporation, XXX is its Ticker Symbol and neither may be identical to those of an existing Corporation or pending Venture. They are encouraged to describe the new Corporation in the body of the post. This post is a Venture, and starts out as pending. All Investors may Join this Venture by making a comment with a FOR icon and a single number (their Limit) which must be equal to or less than their Currency. If an Investor Joins a single Venture more than once, only the last is taken into account.
When 48 hours have passed since the post was made, the Venture ceases to be pending. As long as a Venture is still pending, the Investor who posted it may resolve it as follows: they must decrease their Currency by any multiple of 15, but at least 300, and may optionally decrease the Currency of one or more Investors by any multiple of 15, but no more than each Investor’s Limit. If the total Currency hereby decreased is exactly 1500 the Venture is successful and ceases to be pending, and the Corporation is created with the Name and Ticker Symbol specified in the Venture’s title. This new Corporation shall start with a Worth of 0 and a Business Plan of “Add (2-DICE8)”, and each Investor who lost Currency to this Venture will gain shares equal to the amount of Credits lost divided by 15. Tthis overrides the usual division of Shares for new Corporations.
Ely: