$750k GTD - Interest

djgolfcan

The buy in for this tourney is $216 but I only want to spend $50 of my own money. So that leaves $176 to be sold ($180 for rounding).

Backers get 70% of profit - I get 30%

Shares are $1.80 each (1%) - all shares must be sold to play

Milo

When do you need to know? Interested for 5-10% range . . .

Hobbes

10%

STR82ACE

10% how do you want it?

djgolfcan

Hey guys, I'm going to wait until next Sunday (June 5). Give some folks time to sign up for it. Money doesn't need to be shipped until that day.

Looks like 30% sold so far.

Hobbes

djgolfcan;268953 wroteThe buy in for this tourney is $216 but I only want to spend $50 of my own money. So that leaves $176 to be sold ($180 for rounding).

Backers get 70% of profit - I get 30%

Shares are $1.80 each (1%) - all shares must be sold to play

Just to clarify. The way you have worded this, when backers are splitting profit, they must also get their original stake back before the profit is divided otherwise a min case could actually lead to the backers not getting all their $ back.

I can explain a bit more later if needed.

philliivey

Hobbes;268993 wroteJust to clarify. The way you have worded this, when backers are splitting profit, they must also get their original stake back before the profit is divided otherwise a min case could actually lead to the backers not getting all their $ back.

I can explain a bit more later if needed.

Please do! I was thinking of doing the same thing as DJ, and I think I am a lil confused about it, don't want to derail DJ's thread or anything.:)

Hobbes

When you split "profit", you subtract the buy-ins before you figure out the percentage. Then each backer gets their % + the amount invested.

when you split winnings it's a straight percentage with subtracting the buy-ins. There can be a slight difference in the amounts paid back.

If you are simply selling a portion (say 40%) of your action then you can just base it on winnings. Since dj is selling at a 70/30 split for backers without putting up 30% of his own, then you need to calculate the profit and add the amount each backer paid to arrive at the payouts.

philliivey

Hobbes;269014 wroteWhen you split "profit", you subtract the buy-ins before you figure out the percentage. Then each backer gets their % + the amount invested.

when you split winnings it's a straight percentage with subtracting the buy-ins. There can be a slight difference in the amounts paid back.

If you are simply selling a portion (say 40%) of your action then you can just base it on winnings. Since dj is selling at a 70/30 split for backers without putting up 30% of his own, then you need to calculate the profit and add the amount each backer paid to arrive at the payouts.

Thanks. :)

Also to stay with the thread, goooooooooooooo DJ!:wink2:

djgolfcan

Yes, the buy in will be paid back first, to everyone, then the profits are split 70/30. Should I do it the other way ?

Hobbes

djgolfcan;269018 wroteYes, the buy in will be paid back first, to everyone, then the profits are split 70/30. Should I do it the other way ?

No that's fine. Just wanted to be sure everything was clear.

The technical jargon is 70/30 + Stakeback. :)

Milo

In for 5% . . . FIRM. Will go to 10% if needed to fill the gap.

JohnnieH

Hobbes are you getting in on this? Should we be rolling our 12K BAP into this?

Hobbes

JohnnieH;269102 wroteHobbes are you getting in on this? Should we be rolling our 12K BAP into this?

I'm doing both of them.

JohnnieH

I've got a whopping $4.25 in my FT account.

I'll take 2% for now, can I buy more depending on how you finish the 12K staking experiment?

EDIT: I'll take more if I can pay someone in P* money.

Hobbes

JohnnieH;269131 wroteI've got a whopping $4.25 in my FT account.

I'll take 2% for now, can I buy more depending on how you finish the 12K staking experiment?

EDIT: I'll take more if I can pay someone in P* money.

I can handle the transaction for you.

JohnnieH

Hobbes;269136 wroteI can handle the transaction for you.

Cool, book me for 10%

JohnnieH

Shipped all 10%.

Are we only up to 40%?

Wolffhound

I will take 10%

Milo

Does this have to be an FTP transfer, or can I ship on Stars? If FTP only, I will have to ask for a Stars for FTP transfer from someone . . .

Please advise.

Also . . . screw it, I'm down for 10%, just to keep it simple.