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Pastimes : KBH Applications

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From: HIA2/28/2018 1:48:56 AM
   of 7
 
The number 4 post is very close to the current plan.

One share of common stock can convert into two classes of preferred stock. The first class of preferred stock gets the distribution rights but no vote. The second class of preferred stock gets the vote. So the first class of preferred stock represents the dividend while the second class of preferred stock represents the net-asset-value. And also no dividend is expected but there could be a dividend of the amount of earnings greater than inflation.

Then the shareholder can convert 10 shares of the second class of preferred stock to the cryptocurrency as under a contract with the company. The shareholder gives up the accounting of the second class of preferred stock on the company books but gets the cryptocurrency posted on the web ledger. The cryptocurrency is posted on the web ledger by public Serial Key and public Registration Key with the cryptocurrency owner holding the private ID Key. From there the cryptocurrency should go only into a smart-contract system so that there is no possibility of the value being sold to more than one buyer. But the company will update the Registration Key on the web ledger if the ID Key is sent in and the change in Registration Key might represent a new owner.

Of course the restricted stock shares should not be sold in one year's time. So it's up to the stockholder to decide if saying "cryptocurrency" then changes the situation. See, the cryptocurrency is only available from the shareholders. Furthermore, no return-of-capital is allowed to the stock shares and that protects the cryptocurrency.

The company will be in front of regulators in a few days.
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