Re: S.DICE - Want a piece of SatoshiDICE? IPO this week before new site launch!
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.
You are correct. 10% vote can never win 90% and this was pointless clause.
I guess those shares offered are not the same shares what Evoorhees owns at the moment. In this case, are those a new issue of stock and issued by SD for the IPO.
Can someone clear this up a bit?
Which IMO means another 50% discount should be demanded.
Quite why anyone would be happy with the terms, given what their legal and contractual exposure, and expected returns might be, (and post a 20 BTC arrogance tax!), is surprising indeed. I may be missing something though....
The proof is in the pudding and I look forward to its baking. A bit of sugar might be nice
