Quote from: Carnth on September 05, 2012, 06:17:34 PM

Sell the company, equipment (and your founder shares) to someone who wants to take over. Or motion to liquidate equipment and distribute all remaining BTC to the shareholders.

The other "out clause" is only needed in a perpetual bond.

A motion to liquidate the equipment and distribute is straight forward enough.

What would you like to see happen in a sale of the company.
As it stands the option is 105% on the last 2 weeks of trading.
Or do you suppose just putting the offer up on a motion and taking a vote is the way to do it?

--- Just covering bases here folks, I have no intention of letting BAKEWELL go, I want to grow it

I just want to be sure everything is nicely taken care of. I want to get as clear cut and transparent as I can.
The majority of offerings are so vague and opaque the investors are left confused and the issuer can do nearly anything.
I want to change that trend. I would like to set the example for straightforward offers, transparency and communication.

As for providing an incentive for the first investors. I am currently looking at a few things:

Offering a discount on bulk purchases of shares / Offering bonus shares
Restructuring the contract so that we start building GPU rigs as soon as the funding becomes available

---Paying a dividend out of my own pocket, to be reimbursed from the growth fund once we are underway

This has the problem of people potentially labelling me a ponzi, as I would be paying dividends before provable income.
Maybe a loan from me to the company to do this would be seen as acceptable.

Or potentially a combination / all of the above

opinions? ideas?

https://glbse.com/asset/view/BAKEWELL