Friday, April 29, 2011

Proposal: Frank Sinatra

Timed out 9-0.—Yoda

Adminned at 01 May 2011 12:56:41 UTC

If there is a rule entitled “Shareholder Meetings”, add the following subrules:
“Chairman of the Board”

When this Shareholder Meeting is approved, the Investor who is specified in this Shareholder Meeting as standing for election as Chairman of the Board of this Corporation is elected, and becomes, the Chairman of the Board of this Corporation, to hold that office until he idles or is replaced by a subsequently elected Chairman of the Board.  Notwithstanding anything to the contrary in the Ruleset, if the Chairman of the Board makes a comment with an AGAINST icon to any Shareholder Meeting of this Corporation (other than a Shareholder Meeting to elect a Chairman of the Board of this Corporation), that Shareholder Meeting cannot be approved.

“Declaration of a Dividend”

When this Shareholder Meeting is approved, take the following steps in the following order:
  - Let “D” be the positive integer amount specified in this Shareholder Meeting as the dividend amount (provided that D may not exceed this Corporation’s Worth as of the time immediately prior to the approval of this Shareholder Meeting”
  - Reduce this Corporation’s Worth by D
  - Increase the number of Credits of Currency held by each Investor who holds Shares of this Corporation per the Record Date Information by an amount equal to (D * (A/100)), rounded down to the nearest integer, where A is the number of Shares of this Corporation held by that Investor per the Record Date Information.

“Liquidation”

When this Shareholder Meeting is approved, take the following steps in the following order:
  - Increase the number of Credits of Currency held by each Investor who holds Shares of this Corporation per the Record Date information by an amount equal to (W * (A/100)), rounded down to the nearest integer, where W is the Worth of this Corporation and A is the number of Shares of this Corporation held by that Investor per the Record Date Information.
  - Reduce the number of Shares of this Corporation held by all Investors to zero
  - Remove all references to this Corporation from the BN Index in light of the fact that this Corporation has ceased to exist.

Comments

Ely:

04-29-2011 16:02:59 UTC

D*A/100 looks quite weak to me, with such low worth walues…
for Since the problem is not here, anyway.

spikebrennan:

04-29-2011 16:37:35 UTC

The issue is that the Business Plans need to generate much higher numbers (something in the neighborhood of 50 to 100 per Quarterly Report rather than less than 10).

Darknight:

04-29-2011 21:22:17 UTC

imperial

Oze:

04-30-2011 10:02:24 UTC

for

Purplebeard:

05-01-2011 08:34:21 UTC

for

Subrincinator:

05-01-2011 10:07:37 UTC

for

Winner:

05-01-2011 15:49:30 UTC

imperial

Yoda:

05-01-2011 17:40:52 UTC

for

Galtori:

05-01-2011 19:40:34 UTC

for