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To: Ilaine who wrote (107835)6/9/2001 9:52:13 AM
From: flatsville  Read Replies (1) | Respond to of 436258
 
No, I saw that part.

I think what confuses most people upfront is the use of Class A directors which leads people to believe there must be Class A shares. They then apply the general rules of stock ownership and directorship they're most familiar with. They can't conceive that its organized differently even when they're staring at the explanation in black and white. It's a language thing.

See the last half of my post to Ken 98--

Message 15918655



To: Ilaine who wrote (107835)6/9/2001 10:23:53 PM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
Individuals, partnerships and corporations other than banks could subscribe to, or hold, stock in a district Reserve, but no more than $25,000 worth. This stock carries no voting power.

So I could buy 25k and earn 'risk free' 6%? Does this pass on to my heirs on death, or is there a mechanism to withdraw?


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