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FBCC Shareholder Voting

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Mr.Hunt

Posted: Apr 23 2007, 09:13 PM

FBCC 4 EVR
Group Icon

Group: Vice President
Posts: 8.309
Member No.: 26
Joined: 27-November 06

Shareholder Agreement

QUOTE

First Bank of CyberCitizens Shareholder�s Agreement

I. Voting
All decisions within the ordinary course of business shall be made by the CEO.� In addition, for the purposes of selling, terminating, liquidating, entering loans or changing the basic purposes of the Corporation, a majority of all shareholders must support the decision.
II.� � � Checks
All cash, checks, or other instruments of payment are to be deposited directly into the corporation�s bank account.� Any checks withdrawing money from this account must be approved by the CEO and at least one shareholder-elected appointee.
III. Selling of Shares
Should a shareholder wish to dispose of his stock in the corporation, he may sell his shares back to the corporation for a price mutually agreed upon by both parties, terminating all of his voting rights.� The corporation may then resell the share, along with all voting rights, to another person.
IV. Appointed Executives
Chief Executive Officer:� Authorized to handle most day to day decisions; duties include selecting a bank manager, and helping to choose department heads. Member of the Board.

Appointeees Addendum
Vice President: Communicates with shareholders, verifies published reports. Helps to choose department heads; member of the Board. Communicates with shareholders.

Secretary: Records important discussions and decisions, publishes important bank information. Member of the board.

Chief Financial Officer: Provides financial data to other members of the board.
Selects Central Accounting; member of the board.

QUOTE

- Each appointee term shall last for 3 months
- There shall be a 1 week nominating period, followed by a 1 week election
Calendar

"Bylaws and Conventions" Addendum
- The C.E.O. and Vice President shall be administrators for the FBCC forum and may choose to appoint others
- Any proposal may be split into Articles which may be voted yay or nay individually

This post has been edited by Mr.Hunt on Apr 12 2008, 06:44 PM

konkrage1

Posted: Apr 24 2007, 07:08 AM

Shareholder of the FBCC

Group: Retired
Posts: 249
Member No.: 20
Joined: 20-November 06

QUOTE (Mr.Hunt)

I would like to propose a stock split for the FBCC stock. The proposal is for a stock split of 3:1 on April 25. Voting is now open for this measure.

more details please, i dont exactly know what a stock split is :P

vithar91	Posted: Apr 24 2007, 10:51 AM
Yes sir, no sir, I don't think your wife is fat Group: Chief Financial Officer Posts: 386 Member No.: 68 Joined: 20-March 07	Our stock amounts triple. and the value is divided by 3. Which means once the FBCC grows more we can make more money per share when we want to sell.

Mr.Hunt	Posted: Apr 24 2007, 11:15 AM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	Yup, what happens is the total number of stocks each person has will triple, but the value will be cut in 1/3. So if you have 10 stocks now worth $3000 each, afterwards you will have 30 stocks worth $1000 each. The total value does not change, and each individual's holdings do not change. So what's the point you may ask? The idea is that for example, if each stock costs $3000, then it can be difficult to sell even a single share, however if each stock costs $1000, then you can sell 1 share to 3 different people.

konkrage1	Posted: Apr 25 2007, 07:05 AM
Shareholder of the FBCC Group: Retired Posts: 249 Member No.: 20 Joined: 20-November 06	ok, thanks. If that is the case, then I, Konkrage1, use all my voting rights and vote yes.

Mr.Hunt	Posted: Apr 25 2007, 12:26 PM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	I vote my shares in favor of the motion.

Mr.Hunt	Posted: Apr 25 2007, 12:27 PM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	Having exceeded a 50% vote in favor, the motion is hereby passed.

konkrage1	Posted: Apr 25 2007, 07:47 PM
Shareholder of the FBCC Group: Retired Posts: 249 Member No.: 20 Joined: 20-November 06	lol! wow, that is truely sad that only two voters were needed! buy shares people!

vithar91	Posted: Apr 25 2007, 09:06 PM
Yes sir, no sir, I don't think your wife is fat Group: Chief Financial Officer Posts: 386 Member No.: 68 Joined: 20-March 07	yeah mr.hunt controls 50% so, no matter what 2 voters gets it :P I am for it too btw

Mr.Hunt

Posted: Apr 25 2007, 11:00 PM

FBCC 4 EVR
Group Icon

Group: Vice President
Posts: 8.309
Member No.: 26
Joined: 27-November 06

QUOTE (konkrage1 @ Apr 25 2007, 07:47 PM)

lol! wow, that is truely sad that only two voters were needed! buy shares people!

Lol in fact as an owner of a controlling portion (>50%) I can pass the motion with my votes alone, however I still wanted to give everyone a chance to comment, and I prefer when the motions I pass get voted for, and I do take it into consideration when voting my shares.

Plus it's not sad! There are only a dozen shareholders, and several people own large portions, so it's not surprising to see one or two voter sway the results.

Mr.Hunt	Posted: Apr 29 2007, 08:07 PM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	The FBCC may appoint a CEO by majority vote of the shareholders. Nominations can be made by any shareholders. I nominate Mr.Hunt for the position of CEO. Also I open voting for this measure.

Mr.Hunt	Posted: Apr 29 2007, 08:08 PM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	Vote all shares (50.5 percent) in favor.

vithar91	Posted: Apr 29 2007, 08:41 PM
Yes sir, no sir, I don't think your wife is fat Group: Chief Financial Officer Posts: 386 Member No.: 68 Joined: 20-March 07	good job >_> Votes all shares for Mr.Hunt as CEO

Mr.Hunt	Posted: Apr 29 2007, 09:03 PM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	Thank you! The motion is carried :cheers:

MikeCat	Posted: Apr 30 2007, 02:26 PM
FBCC C.E.O. Group: Chief Executive Officer Posts: 671 Member No.: 50 Joined: 13-February 07	well there goes my nominations

Mr.Hunt	Posted: Apr 30 2007, 02:30 PM
FBCC 4 EVR Group: Vice President Posts: 8.309 Member No.: 26 Joined: 27-November 06	Would you like to propose a motion for CEO term length & when the next appointment will be held? Generally I'd prefer to have more nominations & discussions but I wanted to get the roster updated quickly.

GlikD	Posted: Apr 30 2007, 02:53 PM
Financial Strategist and Account Manager Group: Honorary Boardmember Posts: 587 Member No.: 2 Joined: 11-November 06	I nominate you bring in an external VP of finance >_> But then again, I'm not a shareholder :ph43r:

Mr.Hunt

Posted: Apr 30 2007, 03:38 PM

FBCC 4 EVR
Group Icon

Group: Vice President
Posts: 8.309
Member No.: 26
Joined: 27-November 06

QUOTE (GlikD @ Apr 30 2007, 02:53 PM)

I nominate you bring in an external VP of finance >_>

But then again, I'm not a shareholder :ph43r:

Can non-shareholders propose corporate measures?

vithar91	Posted: Apr 30 2007, 05:27 PM
Yes sir, no sir, I don't think your wife is fat Group: Chief Financial Officer Posts: 386 Member No.: 68 Joined: 20-March 07	Only if the Shareholders give him permission to present an idea I vote all shares in favor of letting GlikD proposing whatever it is that he wants to propose :P

MikeCat	Posted: Apr 30 2007, 05:41 PM
FBCC C.E.O. Group: Chief Executive Officer Posts: 671 Member No.: 50 Joined: 13-February 07	I put all my votes to vote for me as... Co-C.E.O (I'm serious)

RussianHitman	Posted: Apr 30 2007, 05:52 PM
FBCC Dept. Head of Customer Server and Account Manager Group: Away Posts: 343 Member No.: 52 Joined: 18-February 07	Is there even such thing as a co-ceo???

MikeCat

Posted: Apr 30 2007, 05:56 PM

FBCC C.E.O.
Group Icon

Group: Chief Executive Officer
Posts: 671
Member No.: 50
Joined: 13-February 07

QUOTE

``We are extremely pleased to welcome Lincoln to Global Online,'' says Dr. Christopher Hartnett, Chairman and co-CEO of USA Global Link. ...

RussianHitman	Posted: Apr 30 2007, 06:15 PM
FBCC Dept. Head of Customer Server and Account Manager Group: Away Posts: 343 Member No.: 52 Joined: 18-February 07	no.....i meant in the FBCC

GlikD	Posted: Apr 30 2007, 06:22 PM
Financial Strategist and Account Manager Group: Honorary Boardmember Posts: 587 Member No.: 2 Joined: 11-November 06	Lol @ co-CEO... No offence...just made me snigger. I wasn't proposing anything aside from hiring people for VP positions...such as the finance one. ...and paying them a hefty salary along with business expenses

MikeCat	Posted: Apr 30 2007, 06:28 PM
FBCC C.E.O. Group: Chief Executive Officer Posts: 671 Member No.: 50 Joined: 13-February 07	Well if I get someone with 50.05% of FBCC stocks vote for me to be Co-CEO then I'll make sure you get the job.

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