Re: [spoon-discuss] Re: [Spoon-business] Well, damn, here's a thought...

["Glotmorf" <glotmorf@xxxxxxxxxxxxx>]

On 9/19/02 at 10:32 PM Baron von Skippy wrote:

>> >I pay the Witch Gremlin to Curse Wonko, thus making it impossible for
>him
>> >to
>> >do any voting... here's the rationale.
>> >
>> >256.B.2:
>> >If the Witch Gremlin is Active, any player who has not done so already
>> >that
>> >nweek may pay (10 + 5d3) points to the Gremlin Fund to make the Witch
>> >Gremlin Curse a player. As long as a player is Cursed, e may not vote.
>> >
>> >946.C.2.5:
>> >Each shareholder of a player can cast shareholder votes, one per share
>> >owned
>> >of the player's stock, on each ballot issue, to determine how the player
>> >will vote on that issue; a shareholder vote must be one of the valid
>vote
>> >types for a ballot issue. The votes a player casts as eir ballot votes
>>are
>> >used to determine eir shareholder votes for that issue.
>> >
>> >I interpret this as meaning that the Witch Gremlin can block Wonko's
>> >Shareholder votes as well as eir regular Votes. Which gives me a window
>> >for
>> >today's proposal:
>> >
>> >{{
>> >__Wonko: 5, Game: 1__
>> >
>> >Delete subsection C.2.5 of Rule 946.
>> >Give 946.C.2.6 the serial number 946.C.2.5.
>> >}}
>> >
>> >Now, if Wonko had gone Public, I could have bought a majority and
>> >controlled
>> >all of his Shareholder votes too... ah well. Someone else would have
>> >out-bought me.
>>
>>Bad baron.  No biscuit.
>>
>>The only way someone can buy a majority of someone else's stock is if the
>>someone else puts a majority of eir stock up for purchase.  There may be
>>other ways in the future, but that's it for now.  R946.C.2.5 isn't a
>>problem if there aren't any player stocks that existed prior to this
>nweek.
>>
>>						Glotmorf
>>
>-I think Wonko found the hole there. He bought those stocks before they
>were
>regulated like that. I don't think anyone should be able to tell someone
>how
>to vote anyway, not like that. You don't, however, think that my logic is
>bad on the Witch point? That's far more important.-

The Witch point I'll heartily agree with.

The rule exists for a reason.  If you're selling pieces of yourself, the people who are buying you should expect to get something for their money.  That includes a certain amount of say in how you conduct your business, since you represent an investment to them.  Certainly they'd want to have some say in what happens to you the entity after you the player fail to operate you.

That's the whole point of the going public thang.  If anyone's gonna let someone else control you, it should be you.  So no one should be able to get a majority interest in you unless you let them.

My latest CFI should take care of it.  The idea behind it is that we've got these things now called player stocks, and we've got a procedure for creating and destroying them.  If what Wonko claims are player stocks weren't created via this procedure, they obviously don't fall under our definition of player stocks, and therefore aren't player stocks.  Yes, there was a definition for something called player stocks before, but that definition is gone now, so what might have been player stocks at an earlier time aren't player stocks now, since player stocks are defined totally differently.

						Glotmorf


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