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Home > Invest > Rules  

It is not my intention to turn away from the ordinary way of dealing with a Private Offering. I am taking names for the list of 49 people that the Private Offering Rules allow. I just don't want this to exclude involvement by the kind of folks who have helped us all these many years because I feel that would not be ethical. I prefer that these 49 be people that either plan to become large users of the technologies or exhibit a level of expertise that can be of great help during this tech transfer phase.

Outside of this "group of forty nine", I have the following plan for the involvement of the public as a whole which begins with membership.

To become a member of IDS, you will need to fill in the membership portion of the contribution form. Submit the form with your sign-up and annual membership fees. I shall verify the receipt of your fee via e-mail.

Once an associate member, you may contribute talent, equipment or funds and have those convertible into future cash, share or options on future shares when a stock choice becomes available.

This offer may be withdrawn at any time and I reserve the right to reject any contributions on any grounds in whole or in part. If a contribution is rejected, all funds paid by the Contributor in such event shall be refunded promptly to such Contributor by IDS without interest and/or deduction.

Not all offers for contributions will be accepted. It depends on what funding, equipment or talent is needed.

You may transfer your contributions to someone else's name, but IDS must be notified so that change can be logged in. IDS reserves the option to refuse such a transfer.

Contributors may ask for their contribution to be refunded or reassigned within 3 working days of the sending of that contribution.

If a project is cancelled or fails, remaining funds will be applied to IDS-Development in general if it is a released project, or to IDS-Research if the project is not yet released. The contributor will be notified and has the option to redistribute remaining funds to other available projects

Anyone may contribute talents, funds and equipment, but only members of IDS may have their contributions converted into shares or options for future shares and thus take part in a project's success and the success of IDS in general.

Once a project makes a net-profit and shares are issued during its commercialization phase, its contributions may be converted to either cash, shares or share-options at the contributors option.

The value of talent contributions shall be determined by the judgement of 3 outside experts chosen by IDS and knowledgable in the area of that talent. The average of their judgement shall be assigned as the work's value.

When a project goes public, share options can be converted to non-voting, prefered, bearer shares.

  • Non-voting - decisions need to be made by experts in early stages.
  • Preferred - puts the investor in the best possible equity position.
  • Bearer - allows the investor the maximum amount of privacy.


Link: Project Risks Page

Depends on contribution levels. If a project is temporarily "put to sleep" the contributor will be notified and remaining contributions may be redirected to other projects or to IDS in general.



1. discovery phase 4/1 ratio
probationary
viable

2. design phase 3/1 ratio

notes
sketches

3. documentation phase 3/1 ratio

descriptions/editing [formal]
animations and graphics

4. demonstration phase 3/1 ratio

soft-prototypes [CAD]
hard proof-of-principle proto

5. commercial phase 2/1 ratio
construction [hard-prototyping per application]
implementation


6. corporation phase 1/1 ratio (at par)
tech rights sold
project issues shares


note: During phase 6, the project and/or applications become incorporated as its own legal entity and SHARES ARE OFFERED TO ALL ASSOCIATES. Associates can choose be repaid in cash, or choose shares or options on future shares when available as a way of sharing in future growth.
 
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