Proposal: For what it is Worth.
s/k’ed—Yoda
Adminned at 03 May 2011 15:57:06 UTC
Increase the Worth of every Corporation by 20 times.
Set the Worth for every Corporation created via Venture post to 200.
Add to the and of every Business Plan, for every Corporation:
*50
Change the second paragraph of rule “Startups” to:
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 200 and a Business Plan of “Add (2-DICE8)*50”, and each Investor who lost Currency to this Venture will gain shares equal to the amount of Credits lost divided by 15. This overrides the usual division of Shares for new Corporations.
Change rule “Bankrupt” to:
If a Corporation’s Worth has been lower than 0 for 96 hours (4 days) uninterruptedly, its assets are frozen and its stocks cannot change ownership except by proposal, CfJ or as explicitly allowed by this rule’s subrules. Such a Corporation can be referred as a Bankrupt Corporation.
Please excuse me for posting this once more.
The objective of this Proposal was not a scam or personal payback, but fixing an issue I think is one of the causes of the slow pace of this Dynasty.
Making a new Proposal to fix only the wrong part of Worthy Companies one was not Wise, I should have self killed and reposted it. It’s all about Experience, I guess.
Yoda:
My only thing is that if no one posts a quarterly report for 96 hours, then a company could become bankrupt from just 1 quarterly report.