Quote from: clouds on September 16, 2011, 05:10:57 PM

Quote from: Tawsix on September 08, 2011, 10:54:14 PM

This week I will begin collecting dividends equal to that of the payout to shareholders, so all profits from generated BTC will be paid out, and no more will be reinvested back into the company at this time. If and when we begin to expand once more, we will then discuss how much profit should be reinvested into the company, but for now all profits will be paid out.

Wait, I don't understand how it is possible for you to be collecting dividends equal to that of the payout to shareholders. You haven't paid for that many shares yet, have you?

As far as I can tell, a total of 202.7945 BTC in dividends has been paid out to other shareholders so far. If an equal amount has been paid out to you (and reinvested in the company to pay for your shares), then you also effectively have received 202.7945 BTC. At 0.75 BTC per share, this means that you have paid for 202.7945 / 0.75 = 270.39 shares. If 2304 shares have been sold so far, and you have only have 270.39 shares, you should not be collecting dividends equal to the payout of other shareholders. You should only be collecting dividends equal to 270.39 shares, since that is the number of shares you have earned via reinvestment. If dividends aren't going to be reinvested back in the company, you should only be collecting dividends proportional to the number of shares you have paid for, and the rest of the dividends should be split among all shareholders.

From your first post in this thread:

Quote

I hold an amount of shares equal to the number of shares sold from the IPO + 1, and receives dividends on that basis. These shares are paid off from dividends, so all dividends paid to me are reinvested back into the company in order to pay for my shares. I will collect dividends normally once these shares are paid for.

You said you will only "collect dividends normally once your shares are paid for," which hasn't happened yet.

And from the amended contract you posted at
https://bitcointalk.org/index.php?topic=8167.msg284966#msg284966

Quote

The issuer of the shares will reinvest all dividends recieved until such a time that all owned shares are paid for.

Here is my calculation of dividends paid out to other shareholders:
34.235 BTC on June 13, 2011 https://bitcointalk.org/index.php?topic=8167.msg212008#msg212008
35.895 BTC on June 24, 2011 https://bitcointalk.org/index.php?topic=8167.msg273039#msg273039
19.435 BTC on July 5, 2011 https://bitcointalk.org/index.php?topic=8167.msg324962#msg324962
16.235 BTC on July 11, 2011 https://bitcointalk.org/index.php?topic=8167.msg350142#msg350142
22.195 BTC on July 23, 2011 https://bitcointalk.org/index.php?topic=8167.msg390746#msg390746
16.865 BTC on July 27, 2011 https://bitcointalk.org/index.php?topic=8167.msg404918#msg404918
25.76 BTC on August 10, 2011 https://bitcointalk.org/index.php?topic=8167.msg447073#msg447073
16.39 BTC on August 17, 2011 https://bitcointalk.org/index.php?topic=8167.msg464132#msg464132
13.3345 BTC on August 25, 2011 https://bitcointalk.org/index.php?topic=8167.msg480531#msg480531
0.205 BTC on September 3, 2011 https://bitcointalk.org/index.php?topic=8167.msg500715#msg500715
2.245 BTC on September 8, 2011 https://bitcointalk.org/index.php?topic=8167.msg515533#msg515533
(Did Tawsix already start collecting on Sept 8, or were an equal 2.245 BTC reinvested to pay for his shares?)

Total paid out to other shareholders:
34.235 + 35.895 + 19.435 + 16.235 + 22.195 + 16.865 + 25.76 + 16.39 + 13.3345 + 0.205 + 2.245 = 202.7945 BTC
(202.7945 BTC is about 270 shares at 0.75 BTC per share)

Please correct me if I'm misunderstanding something, but it seems like Tawsix should be collecting dividends equal to the ~270 shares he has earned, not collecting dividends equal to the 2304 shares that have been sold on glbse.

It might be ok to stop reinvesting back in the company (although that should probably be put to a vote), however if you stop reinvesting then you should be capping yourself at 270 shares, not pretending you've paid for 2304 shares.

This "company" is a joke. Seriously. Tawsix constantly avoid questions like this.

I'm just glad it's only 2 BTC I invested.