To: Bill Ulrich who wrote (2277 ) 12/5/1998 6:50:00 PM From: tugboat Read Replies (3) | Respond to of 2770
Billy your missing the point! The primary Fair$hare objective is to ultimately provide its membership with access to venture stage offerings. No one can tell what profits or losses might be expected because venture capital investments are risky. The recent public offerings that are being featured on the Fair$hare website are, in the management's opinion (and I concur), are just another round of venture capital even though the popular press does not describe them that way. The Company is building a membership of individuals and investment clubs interested in learning about, sharing due diligence on, and investing in, companies seeking venture capital through public offerings of securities. Once a critical mass of members is reached, it will provide qualified companies an opportunity to market their stock to Members. Educational courses and other information about capital formation and entrepreneurial issues will be delivered to Members through seminars, mail and electronically (e-mail and the Internet). As membership sales grow, services will expand to include opportunities for member-to-member interaction through regional entrepreneur-investor fairs and enhanced electronic services. Using the Company's services, qualified issuers may market securities without paying an underwriting fee, and, investors may pool due diligence on an issuer and go on to purchase it's securities without paying a brokerage commission. The Company will generate revenue from membership fees, educational courses, seminars and value-added services to Members. It also plans to purchase stock of Member-financed companies, and thereby also profit from any share price appreciation enjoyed by Members. Companies that seek to raise venture capital from Members must adopt the "Fair$hare Principles" designed to give Members a superior opportunity. In addition, they must use the "Fair$hare Principles" in their capital structure, designed to draw a distinction between equity issued for cash or other substantive consideration, and equity issued for ideas and future execution.