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Old 02-28-2013, 11:12 AM
Cerberus Cerberus is offline
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Join Date: Mar 2011
Posts: 154
Default Modest Proposal

So far, all of the proposals involve each participant "investing" the same amount. How about allowing participants to invest whatever amount they wish, with an agreed-upon minimum of, for example, $1,000.

Clearly, one's percentage ownership in the card (and in net profits upon re-sale), would be equal to the percentage said individual's contribution bears to the overall purchase price. When it came time to "vote" on any major issue (such as when/if to re-sell), each individual would have a similar pro-rata number of votes, on the particular issue.

In order to make sure that no one party had control of any vote (because he may have decided to contribute more than 50% of the overall purchase price), you can limit any one individual's contribution (including family members, etc.) to a certain percentage (40% as an example), of the overall purchase price.

Obviously, somewhat unwieldy to administrate, and adequate insurance would have to be purchased, as well. The card would be "passed around," like the Stanley Cup--again with each owner having physical possession of the grail, for a number of days during any given year, equal to his/her percentage of ownership.

Food for thought?

Michael
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