> Where are the records? Who is takes care of the estate? Who will pay the > bills (because if nobody pays, Dbourse's server is turned off and there > goes my proof) > > Free markets and all. Fair dinkum. But what happens in an unregulated > environment when the unregulated non-regulators pass away?
Your shares probably pass away with them..:-o Very good point, Robert. But we are just reinventing the wheel that's all. That's why the names of the managers need to be known and that's why an annual meeting is needed to regularly reelect the management. That's why the voting rights can become important. Just in the possible case that only one person owns these 90% private shares in TGC, a simple car accident and he is gone... If the voting rights are specified any shareholder can call for a special meeting. This would probably happen if suddenly no more dividends are being paid and TGC website is closed. If this person is dead, he will probably not come :-), but then the other shareholders (10%) are the only voters so they simply elect somebody who is alive, and in that case very likely jpm who would be a 10% owner if the other shares have disappeared to the eternal hunting grounds... And life will go on, TGC e-gold account can be recovered by the new management, the casino can be started again... A completely secret entity doing a public stock offering, this starts with an unsoluble contradiction from the very beginning.. You just cannot make it work properly. And something will have to give sooner or later, either the secret entity or the public stocks... Danny --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
