On 3/1/20 6:13 PM, Tanner Swett via agora-business wrote:
> ## Bylaw 7: IPO
>
> Within 90 days after this contract is created, any entity CAN buy a
> share by announcement; in the same message, the entity must transfer 10
> coins and/or banknotes to the Dragon Corporation as a cost for this
> action. When e does this, e is awarded 1 share.
>
> Within 90 days after this contract is created, any entity who owns at
> least 1 share may sell the share by announcement. When e does this, the
> share is destroyed and e is awarded 5 banknotes.
>
> }}}
>
> I buy 3 shares of DRGN. I satisfy the costs for this action by
> transferring 30 coins to the Dragon Corporation.
>
> —Warrigal, who fully expects to get taken advantage of somehow
I'm interested, but I'm slightly concerned about the IPO language. There
might be a reading where a transfer of 30 coins does not fulfill the
requirement for 3 transfers of 10 coins. Sorry for not raising this
during the drafts.
I think the following would work better:
{
Within 90 days after this contract is created, any entity CAN pay a fee
of 10 coins to buy a share. When e does this, e is awarded 1 share.
}
Since you're the only party, you could amend it by yourself. If you do
that, I plan to buy in.
--
Jason Cobb
