Tuesday, July 17, 2007

Proposal: Highly leveraged buyouts

Passed, 5-2. Josh

Adminned at 20 Jul 2007 04:22:53 UTC

Add a new subrule to the rule entitled “Buyouts”.  Call it “Brute Force” and give it the following text:

Even if a Corporation is not Bankrupt, any other non-Bankrupt Corporation may Buy it Out by destroying eir own Cash according to the formula -5R+C, where R is the target Corporation’s Credit Limit and C is the target Corporation’s Cash.  The target Corporation gains $1M for every $3M destroyed and becomes the second Corporation’s Subsidiary.  This may not occur if either Corporation involved has either joined the game in the last week or unidled for the first time this Dynasty in the same time period.

Comments

Josh: Observer he/they

18-07-2007 09:06:42 UTC

against

Brendan: he/him

18-07-2007 14:55:11 UTC

for Why not.

Chivalrybean:

18-07-2007 16:25:26 UTC

for

Seems to fit me evil plans.

Chivalrybean:

18-07-2007 16:41:17 UTC

What happens if the result of the calculation is a -#?

Brendan: he/him

18-07-2007 16:42:42 UTC

It can’t be, can it?  If your Cash is less than -5 x your Credit Limit, you’re Bankrupt, and this rule doesn’t apply to you.

Brendan: he/him

18-07-2007 16:43:11 UTC

Wait, I misread that.  Okay, it’s a good question.

Chivalrybean:

18-07-2007 17:40:27 UTC

It doesn’t seem to be a loophole since you can’t ‘destroy’ a negative amount of cash (I shoulda just tried that, not brought it up) but too late now.

Night:

18-07-2007 18:27:24 UTC

Seems like this proposal is just broad enough to allow for the purchase of another Corporation’s subsidiary?  Doesn’t specify you can’t buy out a subsidiary, just that you can buy out ANY corporation.

As is,  against

Brendan: he/him

18-07-2007 18:30:25 UTC

Buyout, paragraph 5, last sentence:  “No Corporation may attempt to Buy Out another Corporation’s Subsidiary.”  This rule specifies that it is still covering Buying Out, so no, it doesn’t allow Subsidiary-stealing.

Night:

18-07-2007 18:52:04 UTC

Ah, good point.  Then I reverse my opinion.  for

ChronosPhaenon:

18-07-2007 23:54:39 UTC

for

Hix:

19-07-2007 02:14:00 UTC

against Until the infinite cash loophole is plugged.

Bucky:

19-07-2007 02:59:35 UTC

What infinite cash loophole?

Hix:

19-07-2007 13:48:32 UTC

The one I’m fixing with my proposal.