World Island Kybernetik:About: Difference between revisions

     <li> After this B shares will only be awarded as the payment for execution of production tasks contributing to the net income which will also be the WIK determined price/cost of that task.

     <li> At some point in the future when the number of contractors has grown sufficiently, a number lower than 1 will be assigned to the ratio in 3 above. At that time the each B Stock dividends will begin to payout the difference.

     <li> Should WIK acquire non-earned assets these and any capital gains from them will be distributed on the full-time contractors, the holders of A Stock.

     <li> Exiting employees may retain their voting rights but are cashed out of the WIK economy.

     <li> There will be no board of directors or management structures of any kind except as provided by these rules. Working groups are expected to self organize and there is no distinction except between the founding and other contractors as stipulated in the first 5 articles.

     <li> No other form of equity share, vote, or money, may be created, nor may any employee incur debt or liability in the name of the corporation.

     <li> In a new non-voting C share type sold publicly, may be introduced later, but the price may not be lower than twice the current A stock dividend for a year. A bought C Share will have the nature of a bond with a fixed date of maturity equivalent to a struck price which shall not be less than the A Stock dividend for one year and which will be fully amortised when the principal and struck rate of return are paid.