I am curious as to how this would be set up. I have the minimum of need funds ingame in CLD's.
How exactly this is set up is decided by the investors together. I feel the Medusa's Head investment group is organized well and it is therefor used as a starting point for the Moon investment group.
For reference I quote a subset of our Medusa's Head rules:
Voting
§1.1 Any shareholder holding at least 1 share may call for a vote for any subject.
§1.2 Every share held gives one vote.
§1.3 Any vote is passed if more than 50% of the votes that are submitted before the deadline are in favor.
§1.4 No deadline can be shorter than 1 week (7 days).
...
Fund management
§2.1 The daily management of the fund is handled by the fund manager. This includes but is not limited to activities like bookkeeping, sales management and coordinating with event managers.
...
Operational profits and dividends
§4.1 Unless there is another purpose set aside for it, all operational profits will be paid out as dividends.
§4.2 Dividends are to be paid out once a month
All investors that have committed to the auction will get a share of the Moon even if their ped's wasn't required to win the auction. If 5 mill PED is collected and only 2 was required then everyone gets 60% of their initial cash back and gets a X/5M share in the moon where X is the amount of ped initially committed.
For the actual auction every investor will have 2 choices.
1) Let us use your money and bid as long as we have enough peds to bid with.
2) Bid until a certain limit, then put your money aside.
I would suggest that you all carefully consider how high you value this investment, and if there should be a limit. If you do not set a limit we could end up bidding it up much above what it is worth, and end up with a pretty bad buy.
I will have my own non-disclosed limit where I will pull my share. Feel free to set your limit to whatever mine is.
Finally let me just say that at this point there are still many unanswered questions about the auction and the estate. It is too early to make ROI calculations which also means it is too early to commit. If you are interested in joining us for this endeavor let me know as soon as possible though.
For questions about organization and managing please do not hesitate to PM me or write them here. Please note that I cannot answer income/ROI and max bid questions however.