EDIT = NOW CLOSED
The Company Propunter Ltd is the owner of the website The Gambling Times | Welcome To The Gambling Times
(It also has a few other minor interests but TGT is the main Asset)
The Company is divided into 500 shares.
20 are for sale at a price of £300 each.
Anybody who is interested and would like to apply (and also recieve the 2010 accounts, and a summary of 09s and 08s) please use Moneybookers to send £300 to email@example.com with "Propunter Share Application" and "Your TGT Username" in the subject.
If you think it is relevant and would like to add reasons why you would like to own a share, and any skills/knowledge you have which may increase the chance of you being allocated one in the event of oversubscription please E-mail this to firstname.lastname@example.org
On receipt of the £300 before the end of the week you will be given access to a sub forum on TGT to ask any specific questions and read about the plans for the future etc etc.
If YOU just decide you do not want to buy the share then £290 will be returned to you within 48hrs of E-mailing email@example.com to say so. Please note This is £10 less than the £300 you sent. This is partly to cover costs/admin but mainly to prevent time wasters.
If WE just decide we do not want you to own one, then the full £300 will be returned to you.
If it is oversubscribed and you are unfortunately not allocated one for this reason then the full £300 will be returned to you.
In the event of oversubscription the shares will be allocated at our sole discretion taking into account any reasons E-mailed supporting your application
The shares are not listed anywhere, in order to sell them in future you would have to find a buyer privately.
The price has been set after taking ZERO professional financial advice. A company can be very good, the best of its kind, and still the shares can fall dramaticly. (Please see the recent Betfair floatation for an example of this, where the experts who were paid millions of pounds to find a valuation were it appears 50% out!)
The share price of a company is simply the reflection of current supply and demand, the price can go up and the price can go down. Sometimes all the way down to zero.
It was however based very loosely on an approximately 3% dividend yield.
Companies can and do go into administration, only invest money you can afford to lose.
In the event of administration shareholders would not be held liable for any debts, the value of the shares simply drops to £0.
In the event of your application being successfull you will recieve:
An application form in the post on which to fill in your details for Companies House.
Your purchase shall be registered for you at Companies House and the share(s) be transferred into your name.
You shall recieve one ProPunter Ltd Share Certificate in the post.
Shareholders shall be invited to offer advice to and help mould the direction of the company through the shareholders sub forum on TGT. (Contribution is entirely optional)
Shareholders are invited to the Companies AGM each year and can propose and vote on any resolutions.
Shareholders shall in future recieve one complimentary copy of any TGT promotional items (Ie Mugs etc) on request
EDIT = NOW CLOSED