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Message: <blockquote data-quote="Nightbreeze" data-source="post: 4299150" data-attributes="member: 46755">[sblock=JA] Really true, JA, but I have to say that I didn't mean to allow other entries in the company so soon. However, here is an outline for the Nascent company (it will be, at some point in the future, completely reorganized and transformed into a more complex organization).Golden shares: True shares, with voting rights. Like the shares that I possess and the shares that the bank wants. They cannot be traded without the explicit consent of the Nascent Company, and all of them are dated with the date of their creation, if they were never traded, or with the date of their latest exchange. This may come useful in future, if I ever want to introduce a seniority system of some sort, but as for now, it has no relevance.Silver shares: Shares with no voting right, but in the case of default, they get paid before any other shareholder with what can be extracted by selling the company assets.Iron shares: this is a special instrument that allows the company to increase it's capital. Basically, someone gives the company x000 sp for an asset he wants, the company takes them, leverages them and uses x000 to buy the asset. They give the client x iron shares connected to that asset that give him total control over it, and keep the leveraged capital (and related due interests) for their purposes.I still have to come up with a proper mechanism to protect my right to direct the company, so for now I don't really want to give up decison power. However, I will make an exception for them and accept their payment. I take another 40.000sp from my account and create 40 golden shares, bringing the total of share up to 1000. Then I create another 250 shares and give them to the Brightlaw bank in exchange for their 250ksp payment. I advise them that as for now, they hold more decision power then they asked (20% instead of 15%), but both their and my decision power are going down if someone else enters the deal. However, only trusted parties can do it, and for now the only possible candidate is grandduke Sunbridge. I also suggest that I am not really interest in the profits of this company, but I am quite attached to its control. I will have to prove my skills, so that they invest entrusting me with the voting power, while they take the major part of the profits.I also ask them to send me a representative of theirs, so that he supervises my activities, in order to keep them informed, and gives me consultancy. Also, I am not going to make a clear and formalized structure for the company as long as I am capable to manage it together with the other senior investors and some major associates. I is "family business" for now <img src="https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f600.png" class="smilie smilie--emoji" loading="lazy" width="64" height="64" alt=":D" title="Big grin    :D"  data-smilie="8"data-shortname=":D" />Ah, I edited my previous post while you were writing the response, so proably you didn't spot the addition.Hmm...so I have another 250.000sp to play with...I will probably buy some food-producer with it, but I'll have to think about it first[/sblock]Gentleman, especially Hennet and Randal, as I know that you are most probably going to be interested, may I ask you if you would consider to be in the consultancy board of the Nascent Company for Development? Even if you are not direct investors, I would warmy welcome your skills, and of course there is a pay for a member of the consultancy board...probably not as big as your other incomes, but I can't ask you to do it for free, of course. I am still working on the major outlines of structure, but the consultancy board will be an important part: it will overlap with some parts of the senior investors group as well as the executive board, but will also include people with great skill that are not tied to the company in other ways, and I dare say that as long as the majority of the shares are mine, I will trust your decisions far more than those of petty rich nobles.</blockquote>

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