Joel, > Which is why I had contemplated programming a system to split TGC > shares and offering > a trading system where members could buy 1 gram TGC shares that > could be traded just as shares in TGC on Dbourse are traded currently. > Unfortunately programming > such a project is the easy part! The legal side of such a project is > much more > complex and costly!
Actually it would cost scraps. Remember the location of Dbourse and the fact that the market is unregulated. If you buy a share, you can not split it per se, but you can issue bonds on it, sell options, start a betting office, raffle it, worship it, excommunicate it, nail it to a tree, you name it. The important item here is that you do not split the share itself, but instead issue shares the revenue of which is being used to buy TGC shares. Also Gold-Price is a user community and you are as such not offering anything to the general public. If Members of Gold-Price want to invest money into a pool and buy shares with it, that is up to them. The only restrictions you need to pay attention to are in the field of marketing. Other than that, you can start a pool to bet on the weather next week if you feel like it. And yes, contrary to popular believe, you can charge management fees for/from the pool - as long as these fees are clearly advertised and agreed on. To sum up, if you get together 500 people, each investing 20g, you can buy 100 shares with your pool and corner the market. Of course, the trouble starts when you are trying to sell them again ;o) Cheers, Robert. budget & privacy website hosting http://www.cyberica.net budget & privacy domain registrations + mail http://www.u2planet.com/cfdomaintrust.html --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
