Re: S.DICE - Want a piece of SatoshiDICE? IPO this week before new site launch!
Actually it is a biggie to you and not for the investors.
If you do not buy those shares personally from the IPO, you can not get the dividends. As simple as that.
If part of the IPO is not sold out, shares will be "bought back" or more like held by the company (not you as a person) and those shares become so called treasury stock. Treasury stock will be excluded form dividend payments and have no voting right etc and are not part of the SD equity (in your balance sheet).
Option #2 is, you cancel the left over shares and by that you reduce the number of the total outstanding shares.
Option #3 You cancel the whole issue and return the money to IPO participants at the price they bought the shares.
Like I mentioned before, you got greedy
and this moron, who advised you on your IPO, has no idea what he is doing or did.
If you do not buy those shares personally from the IPO, you can not get the dividends. As simple as that.
If part of the IPO is not sold out, shares will be "bought back" or more like held by the company (not you as a person) and those shares become so called treasury stock. Treasury stock will be excluded form dividend payments and have no voting right etc and are not part of the SD equity (in your balance sheet).
Option #2 is, you cancel the left over shares and by that you reduce the number of the total outstanding shares.
Option #3 You cancel the whole issue and return the money to IPO participants at the price they bought the shares.
Like I mentioned before, you got greedy
and this moron, who advised you on your IPO, has no idea what he is doing or did.It's already specified that the shares offered in this IPO have no voting rights. Even if the shares had voting rights, evoorhees is only offering 10% of the company ownership to the public, so it wouldn't matter either way. All you're buying with these shares is a non-guaranteed revenue stream.