Fwurg

**Chancellor Dewa Lanadi** » Sun Jan 19, 2014 9:40 pm

((OOC: Based on the OOC discussion in 'Cassandra Holdings', or trading shares and the Rules, this is attempt 2 at a public auction to sell shares.

The only relevant part is the blue holomail. You only need to read attachments if you want to know the details.

~Brend))

To: All Union Members,
From: House Dewa Trade Offices, Unity

To all Union members,

House Dewa invites you to the public auction for shares of Cassandra Holdings.

Cassandra Holdings is a holding corporation focussing on acquisitions in the booming (:information)

market. The corporate headquarters is based in the Guaire System. Cassandra Holdings aims to be the first publicly traded corporation that allows full participation in shareholder votes through the Holonet.

Every Union member, or legal entity within the Union, is invited to review the Cassandra Holdings corporate by-laws (attached to this post), and place a bid.

Issued shares: 100 shares, starting at 70 (:tax)

a piece

Bidding

Bidding is done by posting a bid noting:

The amount of shares
The price per share

The auction will remain open until the end of (:turn)

140. After that time, it will be kept open for 7 days after the latest bid, to allow counter-bids to be placed. If no counter-bids are placed in these 7 days, the auction is closed.

If you wish to update your standing bid, post a new bid!

1

after the auction closes, a list of winners will be posted. Payment for bought shares will start 2(:turns) after the auction closes, and you can take up to 10

to pay. Shares are transferred once payment is complete.

Details on the auction procedure can be found in the attachment entitled 'Auction procedure, revision 2'.

Corporate By-Laws

Attached you will find the corporate by-laws. In summary, holding shares offers the following benefits:

You get a share of the income of the corporation,
You are allowed to vote on decisions affecting the company,
If you have 10% or more of the shares: you get a seat on the board of directors, are allowed to specialise zones in your own system

Specific details can be found in the attached document entitled 'Cassandra Holdings Corporate By-laws, revision 2'.

Miscellaneous

This public offer is underwritten by the Veolian Commonwealth, the Sundarian Federation and the Praetorian Empire. This means that these worlds have agreed to buy up the shares not sold through this public offer.

Attached was a rather large document stipulating the by-laws of the corporation:

Cassandra Holdings Corporate By-laws, revision 2

Cassandra Holdings is a publicly traded corporation with a set amount of shares. Cassandra Holdings is traded on the Megirda Exchange, noted under the symbol CAHO.

A set number of shares (100) were issued at the incorporation, this number can only be increased by share split. Specialisation of zones, and acquisition of other assets, does not increase the number of shares.

The ratio of shares held by an entity is calculated by dividing their held shares by the total volume of shares.

Shareholder Rights

Holding any shares allows the shareholder to participate in the general shareholder meetings. Furthermore, every shareholder is entitled to their fair share of corporate income:

All income is divided over shareholders to the ratio of held shares. Amounts are rounded down for all but the largest shareholder, for which amounts are rounded up. In case of multiple share holders holding the largest volume, the 'oldest' holder rounds up.

Other rights can be derived from holding larger amounts of shares:

Holding at least 10% of the shares of the corporation gives the holder the right to specialize zones in their own territory.
Holding at least 10% of the shares of the corporation allows the holder a seat on the board of directors, with the representative of the largest shareholder in the position of Chairman of the Board.

Shareholder Meetings

During a shareholders meeting, every shareholder can propose strategic decisions, any decision proposed by a non-board shareholder must be seconded by at least one other shareholder.

A general shareholders meeting will be held through holo-conference every year on the seventh day of January. Furthermore, any member of the board of directors can move for an emergency general shareholder meeting. If seconded, a general shareholder meeting must be held within the month.

Votes

Shareholders vote on the important decisions. Two types of vote are recognized:

Board Decisions require a simple majority (>50% of the shares in favour)
Strategic Decision require a a overwhelming majority (>90% of the shares in favour)

Voting follows the voting tradition in the Union:

Votes will be opened by the Chairman of the Board of Directors.
The Chairman will be responsible for clearly communicating the date of closing for the vote, the options, and those entitled to vote.
Votes will be open for at least 7 days.
Every shareholder is entitled to voting, cast votes are weighed to the ratio of held shares.
Invalid votes and abstentions are not allowed.
- If a vote is invalid, or if a shareholder fails to vote in time they are not represented in the vote,
- instead their shares are counted as if belonging to the shareholders that did vote, distributed to the ratio of held shares

Board Decisions

Any member of the board can propose a board decision. Board decisions are decisions that are clearly within the current economic scope of the corporation that do not change the nature of the corporation. They are voted upon immediately by all share holders.

Examples of Board Decisions are: The granting of a single zone specialization right to any entity, Taking litigative action against other corporations, Starting an acquisition procedure to acquire the corporate assets of another corporation, Appointing a the Chief Executive Officer.

Strategic Decisions

Any member of the Board of Directors can propose a strategic decision. A strategic decision is a decision that changes the nature or assets of the corporation. Strategic Decisions need to be seconded. After the proposal is seconded, they are voted on immediately by all share holders.

During the Yearly General Shareholders Meeting, any shareholder can propose a strategic decision. If the proposal is seconded they are voted on immediately.

Examples of Strategic Decisions are: Moving the Corporate Headquarters to another system, Amendments to the Corporate By-laws, Executing a share split, Accepting a proposal for a merger, Taking litigative action against governments, retiring the current board of directors.

Auction procedure, revision 2

Bidding is done with a public bid:

Note the amount of desired shares,
the price per share in the bid.

The auction will remain open at least until the end of (:turn)

140. After the original deadline, the auction will remain open for 7 days after the latest bid, extending the deadline with each new bid. If no new bids are placed for a duration of 7 days, the auction will be closed.

Multiple bids are allowed, as is the changing of an standing bid. If you wish to change your standing bid, please send in a new bid, and note that it supersedes your old bid.

Announcement of confirmed bids will be in the (:turn)

following the closing of the auction.

Bids will be processed from highest to lowest first, then based on date of placement. All bids are handled as best efforts contracts, meaning that the bid can be processed partially, if other parties offer more per share.

Start of payments will be in two turns after the auction. The end of payments will be 10 (:turn)

later. Each bidder can determine their own payment scheme. Transfer of ownership of shares will be done in the turn following full payment.

By placing a bid, you agree to be bound by the terms of this public offer.

**Danar Torig** » Mon Jan 20, 2014 8:47 pm

The Teprogrenaian Consensus places a bid of 70 (:tax)

per share for a total of 10 shares.

**Zatiri Ferumdra** » Mon Jan 20, 2014 9:44 pm

The Omnipotari Corporation places a bid of 70 (:tax)

per share for a total of 10 shares.

**Kaf'es Mortimer** » Wed Jan 22, 2014 11:57 pm

The Iskan Lit Credit Company places a bid for 10 shares of 70 (:tax)

per share.

**Baltimorus & Salaha** » Fri Jan 24, 2014 9:24 pm

Baltimorus and Salaha, representing a number of anonymous private investors, places a bid of 70 (:tax)

per share for a total of 3 shares.

**House Dewa** (mask of **Veolian Commonwealth**) » Mon Jan 27, 2014 5:29 pm

House Dewa of the Veolian Commonwealth places a bid of 70 (:tax)

per shares for a total of 13 shares.

**House Shebi** (mask of **Veolian Commonwealth**) » Mon Jan 27, 2014 5:30 pm

House Shebi of the Veolian Commonwealth places a bid of 75 (:tax)

per shares for a total of 16 shares.

**Thomas J.G. Pendra** » Mon Jan 27, 2014 7:23 pm

"The Sundarian federation, working conjointly with the noble houses of de Savony, de Lontryue and Lafrioye è Koniova, places a bid of 72 (:tax)

per share for a total of 20 shares.

**House Shebi** (mask of **Veolian Commonwealth**) » Thu Jan 30, 2014 2:14 am

House Shebi of the Veolian Commonwealth places an additional bid of 72 (:tax)

per shares for a total of 1 share. ((OOC: For clarity: this bid is in addition to the previous bid.))

**0x51F1E77E** (mask of **0x51F1E77E**) » Fri Feb 07, 2014 8:06 pm

The IO Protocol places a bid of 70 (:tax)

per share for a total of 11 shares.

{
"bid" : {
"number of shares" : 11,
"price per share" : "70 (:tax)

"
}
}

**Chancellor Dewa Lanadi** » Sun Feb 09, 2014 5:02 pm

Due to the latest bid being placed at 2014-02-07, the auction deadline will be extended to 2014-02-14.

**Chancellor Dewa Lanadi** » Sat Feb 15, 2014 3:16 am

The auction is now closed. Bids are being processed, and a report will be announced within 1 (:turn)

.

**Chancellor Dewa Lanadi** » Mon Feb 17, 2014 3:30 am

Dear participants,

I am pleased to announce that all bids have been satisfied in full.

A total of 94 shares has been sold for an average price of 71.298 (:tax)

per share. The 6 left-over shares have been acquired by the Veolian Commonwealth in their capacity as underwriter at default price.

The following list shows the amount of bought shares, the bidder, and the total price of the bid.

Shares

: Bidder

16

: House Shebi (Veolian Commonwealth) (1200 (:tax)

)

1

: House Shebi (Veolian Commonwealth) (72 (:tax)

)

20

: Sundarian Federation (1440 (:tax)

)

13

: House Dewa (Veolian Commonwealth) (910 (:tax)

)

11

: IO Protocol (770 (:tax)

)

10

: Teprogrenaian Consensus (700 (:tax)

)

10

: Omnipotari Corporation (Praetorian Empire) (700 (:tax)

)

10

: Iskan Lit Company (Hiocan Society) (700 (:tax)

)

3

: Baltimorus & Salaha (Veolian Commonwealth) (210 (:tax)

)

Payment can commence in (:turn)

143, and may take 10 (:turns)

. Payments should finish in (:turn)

152 or earlier. Transfer of shares will be executed upon completion of full payment.

Please inform us of your preferred payment schedule, and clearly mark your tax transfer as 'Payment for shares Cassandra Holdings'

**Kaf'es Mortimer** » Mon Feb 17, 2014 9:56 pm

Dear Duchess Dewa Lanadi,

The Iskan Lit Credit Company will be paying 100 (:tax)

per

from turn 143 onward.

Greeting Kafés Mortimer
Iskan Lit Credit Company

**Zatiri Ferumdra** » Mon Feb 17, 2014 9:58 pm

Dear Duchess Dewa Lanadi,

The Omnipotari Corporation will pay 700 (:tax)

in

143.

Greetings,
Zatiri Ferumdra

**Danar Torig** » Mon Feb 17, 2014 10:22 pm

Dear Duchess Dewa Lanadi,

The Teprogrenaian Consensus will pay with 70 (:tax)

per turn, starting in (:turn)

143 and the last payment will be done in (:turn)

152.

Yours Sincerely,
Danar Torig, Headmaster Teprogrenaian Intergalactic Economy

**Thomas J.G. Pendra** » Sat Mar 01, 2014 12:17 pm

The Sundarian Federation will pay the required sum in full over the next 2 (:turn)

, starting with a payment of 1000 (:tax)

in

143.

**0x51F1E77E** (mask of **0x51F1E77E**) » Sat Mar 01, 2014 12:22 pm

{
"natural language" : "The IO Protocol will give 77 (:tax)