Stock Regulations:

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Austi_Scot
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Joined: Sat Dec 27, 2008 2:42 pm

Stock Regulations:

Post by Austi_Scot »

Stock Regulations:

1) Register your company in a new thread if you wish it to be available on the stock market.

Company Registration on the Stock Exchange:
Company Name:
Stock Market Symbol:

Number of Common Stocks:
Owners and number of shares:

Number Preferred Shares:
Owners and number of shares:

Bonds: (Provide the following for each issue of bonds)
Type and Names of Bonds:
Initial financial value of each Bond:
Number of Bonds:
Interest and payment Terms of the Bond:
Holders of the Bond how many each holder has:

Other financial instruments:
List and explain


2) The Stock Market will keep track of owners of stock, holders of bonds, and holders of other financial instruments.
a) You may choose to take part in the listing price, also called the ticker price.
b) To take part in the listing price send a PM to Austi_Scot with your price range, or with a hard price if you wish.
c) State if the price is to buy a given stock, bond, etc; or to sell a given stock, bond etc.
d) The ticker price will be determined by the average between the highest buying offer and the lowest selling offer. When a match is made the Stock Market will match the seller with the buyer and announce the sale.
e) You must follow through with the sale/purchase at this point unless you had already withdrew your offer.
f) If your sale price is higher than the ticker price the stock you hold will not be sold.
g) If your purchase price is lower than the ticker price the stock will not be sold to you.
h) You can update your buying or selling offer with another PM at any time; this will cause the Stock Market ticker price to change. You may withdraw your buy or sell offer at any time before a transaction with a PM.
i) If you wish to buy or sell at the ticker price make a post in the Stock Market and it will be done A.S.A.P.


3) Buy, Sell and Trade Stock, Raise Funds on your own
a) Buy and Sell: Start a new thread with the company name in the Title and other information as you please.
b) You can offer to sell the stock or bond of any company if own the stock or bond.
c) If there is already an offer to buy or sell you might consider replying there.
d) Offer to sell or buy at any price you wish.
e) Respond to those who wish to transact the exchange with you.
f) If the offer to purchase is different than the offer to sell - work it out.
g) You can purchase and trade for any consideration agreed upon.
h) Both parties must post the agreement for the given number of shares or transfer of the financial instrument. Please note that you do not have to report the agreed upon price and are free to negotiate the transaction anywhere you wish.


4) The person who controls the company may offer to sell Bonds and other financial instruments:
a) The company charter or rules or other written document should define who has control of the company, it doesn´t have to be a majority share. Should there be no such document of which the Stock Market has been made aware; the Stock Market will consider the person who owns the most common shares to control the company.
b) The person who holds an unpaid bond or other financial instrument can take that matter up with the courts.



5) Fees and Rates
a) Companies may register and be listed on the Shireroth Mercantile Exchange at no fee.
b) Companies nogistered or which don´t have financial instruments may not be listed.
c) Non-listed companies may be allowed a sub-forum in the "South End Business District" according the rules of the forum leader; the Stock Market does not run the "South End Business District"
d) The Seller must pay Austi_Scot 2 Erb per transaction and the Buyer must pay Austi_Scot 1 Erb per Transaction.


6) Changes to Stock Regulations:
a) Changes may be made to these stock regulations if required by law or at the whim of the owner of the Shireroth Mercantile Exchange, Austi_Scot.
b) If changes are made by Austi_Scot such changes will be posted here as an update and will take effect only after been posted for 14 days.
c) By use of the Shireroth Mercantile Exchange you agree to these terms and thus verify by such use you will abide by them. Therefore you are responsible for following any changes upon them taking effect. So watch for changes, they will only be made here.

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