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#1: How WE OWE YOUs(WOUs) finance building N1CL Author: DanLocation: USA : Sun May 12, 2019 1:32 am
    ----
To build the N1CL, we pay 5% of stipulated gross revenues(SGR) on loans you make to the N1CL called
a "WE OWE YOU". WOUs are limited in number, so as gross revenues grow, the 5% paid to each WOU increases.
We have 100 million of them in our treasury.

Only 10 million will be issued for now. More only when neccessity requires.

SGRs are shared equally only between issued WOUs.

They can be divided into as many pieces as the registered owner likes, as long as the owner transfers it to another registered N1CL member; 7-11-2019 to anyone as a bearer bond. In which case the SGR share earned by that WOU will accumulate until the bearer, whomever that may be, registers that bearer WOU in their name. At which point the accumulated SGR owed will be paid to the registered owner.
A very neat, non de-basable form of money.

The owner can also register their W)Us ad bearer certificates. and the accruing 5% SGR earned will be paid to the first person{s} who register as the owner with the N1CL. The accrued 5%SGR will then be paid to them.

The 5% SGR accrued will be paid on the first business day of the month. A minimal amount is required to be paid,

We will pay interest on accumulated balances.
Last edited by Dan on Thu Jul 11, 2019 3:49 am; edited 1 time in total



-> No First Cost List topics on Banning, Earmarks, Stipulated Gross Revenues(SGR)s, How Paid, Mechanics, Ad Policy

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