Post
Topic
Board Securities
Re: SANDSTORM: - A Collective Investment Vehicle for BTC. -
by
jmutch
on 25/06/2013, 21:52:27 UTC
Hello Joshua,
thanks for previous answers.
I just want to ask about this: "Weekly profits exceeding 1% of the capital from public offerings will be divided into carryover funds and dividends. Carry over funds are a way to grow the company and act as a safety mechanism."
How is the weekly profit above 1% divided between "carry over fund" and dividends? Is there a formula?

There is no formula at this stage. I believe one is needed. It'll be something 1% of capital raised to divs then 30%to divs 60% to carryover. At this stage I'm just trying to divid it for the best interest of Sandstorm.

I have provisionally been accepted onto Havelock and therefor I'm going to suspend selling direct shares until Sandstorm is on there. I might be unreachable during this week.