We apologise for any confusion, but if you don't want your 20% because it's not enough for you, we will refund your money and let you keep your shares. You have no legal grounds upon which to sue us, we were unregulated at the time. We will regulate our own stock offerings from now on, but after all, it's our stocks to trade as we please and we will ask next time. Our company has made some mistakes that will be corrected.
We would like to increase our bid for the 3% of Pear, Inc to 15,000,000 LOD, reflecting a price per percent of about 5,000,000 LOD.
We would like to place a bid for 10% of Iron Shield Communications for 200,000,000, unless we may purchase 20% for 350,000,000.
Signed,
Yakov Yišsérles II
Chairman of the Royal Kafuri Company and of Yišsérles Inc.
Head of the House of H.E.F. Yišsérles
Grand Duke of Fruskila
Cousin of the Governor-General of the Commonwealth of Yishelem and Beiteynu, Yahya Yišsérles II
Regulations wrote:1) Companies may sell as much percentage of themselves and/or their subsidiaries as they wish; obviously, this percentage may not be greater than 100% and must be greater than 0%. They may increase the amount of percentage for sale, but they may not, however, decrease it if the corresponding stocks have already been bid on without consent from the bidders.
2) Companies may set as small or as large a percentage cap per shareholder as they wish; obviously, this cap may not be greater than the total percentage of the company for sale, and must be greater than 0%. The companies may increase the amount of percentage per shareholder, but they may not, however, decrease it if the corresponding stocks have already been bid on without consent from the bidders.
3) So as to avoid confusion, all prices and monetary values are to be expressed in the LOD currency.
4) Companies may set as small or as large a price per percentage as they wish. They may not increase this price per percentage if the corresponding stocks have already been bid on, however they may decrease with consent from the bidders.
5) Companies selling voting stocks must express how many stocks they are selling in a figure of percentage of the company, so as to avoid confusion over which companies own how much of another company, this does not apply to non-voting stocks.
6) After an advertisement of sale has been posted by a company, any other company may bid on it unless restrictions have been placed at the initial offering. Once the first bid is placed, there is a period of five (5) years within which another bid must be placed. If no other bid is placed, the seller company must either sell the stocks to the first bidder or wait another five (5) years. If, again, no other bid is placed, the seller company must either sell the stocks to the first bidder or withdraw their sale and retain the stocks; as such, a sale of stocks may not be withdrawn until at least ten (10) years after the last bid. If a bid is placed within a period of five (5) years, then, again, their is another period of five (5) years within which the seller company may sell the stocks to the highest bidder or wait for other bids. This period of five (5) years resets after every new bid.
7) The bold and italicized part of the previous agreement does not apply in cases where the bidding companies are bidding for less than the full percentage they are allowed to buy of a certain company: In those cases, the seller company must sell the percentage of stocks; the only exception to this rule is if the bidding company and the seller company are headquartered in countries with trade embargoes against each other, in which case the seller company can refuse to sell the percentage of stocks. Also in those cases, a third company may not top the bid of the first bidding company, but must instead bid separately on whatever percentage is left to buy. So, to clarify, the bold and italicized part of the previous agreement applies only when a bid has been placed for the whole of the available percentage of the company for sale.
8) A company may not sell their stocks to another company if a third company has already placed a bid higher than that of the second company without including a list of preferences upon initial offering. Also, if a company has already placed a bid on certain stocks, they may not increase or decrease their bid, and may not make a new higher bid until another company has placed a higher bid.
9) If any company violates any or all of the previous eight (8) agreements, then all other companies active in the BISE are within their rights to sue the violating company for securities fraud. Such lawsuits must be handled by either the Beiteynuese Justice Ministry, by the Great Sanhedrin, or by an assembly of neutral parties to be chosen by the neutral members of the exchange.
Yišsérles Incorporated, Financial Services DivisionSoldThe Royal Kafuri CompanySold: 40%
Price: 15,000,000,000 LOD
Purchaser: WMAC-Goldstein Holdings and Investments, Corp.
The Peter Dawson CompanySold: 50%
Price: 187,500,000 LOD
Purchaser: WMAC-Goldstein Holdings and Investments, Corp.
The Bei-Cola CompanySold: 20%
Price: 3,750,000 LOD
Purchaser: WMAC-Goldstein Holdings and Investments, Corp.
Stocks Available25% Discount for Majatran and Dovanian Companies (Must Have Holdings Outside Beiteynu)Weinberg CruisesAvailable: 40%
Price per percent: 500,000 LOD (-450,000)
Maximum per Shareholder: 1% per decade
