I had spare food lieing around so I sent some out, can't remember who to but enjoy it :)
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I had spare food lieing around so I sent some out, can't remember who to but enjoy it :)
Ola zamrg ...... did you perchance to peruse that draft contract I sent you bru?
na MH not yet, I will get round to it when you send me a final list of all the shareholders and a little bit more info, how many shares you're issuing, what each is worth, how people will be paid, when they'll be paid, how much will be paid and how much will be retained.
I have a varsity test this Monday so I'll be quite busy studying the next few days.
Hmmmmm, mebbe I sent an older one ...... I basically have the whole thing done (minus one shareholder's name). I'll mail it and you lemme know if it's ok to go ahead with?
shweet ....... I know I originally asked you to draft the contract and all that but I realised that it wasn't as hard as I thought. No offence at all :)
zamrg, ta for the food :D
it looks good but I think you need to be more affirmative with day numbers instead of using generic terms such as weeks, days.
ie:
what day specifically will dividends be paid?
what day will the first dividend be paid?
I also think you need to have a term allowing for the sale of a shareholder's shares in case they want to buy out or transfer them to someone else.
The term 'Cumulative profit' is also a little vague and should be spelt out in full:
ie:
weekly profit = weekly revenue less weekly expenses
weekly dividend = weekly profit * 90%
weekly capital contribution (non-distributable reserve) = weekly profit * 10%
also, what happens if your personal account or the org received a temp/perm ban?