2 ms·

> For some of my trades I have a 100% premine of shares and sell them at a higher price until I’m down to 20% left but only because I minted 500% more shares to

• yieldcrv 4y ago
  When you create a new company, you write down an arbitrary number of shares that it is made of, and give yourself 100% of them at $0.00. From then on, the goal is to sell shares at > $0.00 But instead of selling any of those shares, when an investor comes you create a bunch more shares at $0.00 and sell them, dropping your percent of ownership to < 100% while not incurring a capital gains tax event.
  • anticensor 4y ago
    > When you create a new company, you write down an arbitrary number of shares that it is made of, and give yourself 100% of them at $0.00. Initial capital is a thing, and most jurisdictions have strict requirements on the minimum and maximum size of initial shares.
    • yieldcrv 4y ago
      Initial capital is a thing for suckers. The zero par value jurisdictions allow you to operate everywhere else just as well.
      • anticensor 4y ago
        Unfortunately, rules of domicile kick in if you try to do that, and eventually force you to set up a shop in their jurisdiction.