We exhort the operators to make their companies public by offering to sell shares in the similar way as several existing corporations do, with the operator as the market-maker. This is best to be done right at the start, because the risk is best shielded when it has not yet been realized.
Exhortations from HM are words of deep wisdom from His Most Ancient of all Ancients.
And so without further ado,
A small trumpet sounds, a bell is rung and the New Liberty Herald proclaims:
The New Liberty Quarry (NLQI) is hereby opened, incorporated and open for shareholder equity purchases.
Initial investment portfolio:
150M Land
10M Inc
206.4M Buildings
25.5M Equipment
25.875M Labor (yearly)
Corporate structure:
500 shares are created 200 of these remain available for public purchases.
All shares are common and voting shares, and are offered at an initial price of 1MM each! (not expected to be available at this price for long)
The Marquess Joseph will make a market for these shares and attempt to maintain <>300 shares in order to facilitate swift and wise decision making through majority holdings (though it is whispered that Asenath in consultation with the most experienced director found among the formerly peasant quarries make the important decisions). It will be an open market for both buy and sell after initial offer is closed.
Financial Governance and operations plan:
Stone will be sold in such quantity to pay the yearly labor salary for all workers and the balance to be held or sold as market forces dictate, with shareholders having always the option of first refusal at all stone purchases at the low market buy rate (offering a nice arbitraging opportunity to the more intrepid shareholders). Shareholders are eligible to purchase a percentage of the warehoused stone at this discounted rate equivalent to their percentage of shares held PER DAY.
Warehoused stone may be sold to the public at large at the midpoint sale market price, with revenue from this accretive to earnings of shareholder equity.
Our engineers have told us that we have selected only the best area for quarry and our Director is well pleased with the operations so far. To give a view:
The operational goal is to make swift work of the quarry location and once the stone supply there is exhausted, to then dissolve and remit to all shareholders the value.
Operations are viewable here:
https://docs.google.com/spreadsheets/d/16Hu2qsR0KMPlbiOq9Pu5EXHuSZ50IisbbNYhKLcNwlE/edit#gid=579857194
And also on the Char DB / Quarry Tab
Asenath has offered to buy all shares remaining for sale after 24 hours at the offer price.