$35 180 mans proposal....

[mondatoo]

I will deposit $16.20 to cover the 10% so the balance is $1854.13.

[LeedsRhodesy]

Lol why will no-one respond to my super good point.

Need simon galloway to clear it up for us!

I will give you my thoughts mate since no one eles has

I'm with you make,  if the person  was in $500 of make up with me and wanted another $200 and I did not want to carry on, I would not want to just end it and the next person in line takes it, I would want to try sell it for $250 and the person buying it carrys on and the person is $500 in make up to that person

[StuartHopkin]

Its not provided for initially therefore;

If someone pulls out MU is written off

or

With Raymond's agreement you can sell privately with MU


Its another one that should have been specified at the start, but as it hasnt been you cant force Ray to owe a third party MU.

imo

[Simon Galloway]

You rang?

My #1 advice is to think of more eventualities before the start.  Currency vig/payment methods/buy-out/dates/exceptions/amount of discretion/volume/shoe size/buy-ins/in running amendments/etc.  Whilst 'planning is ghey' it doesn't half help..

I think the problem can be solved in 2 strokes.  Round 1, settle everyone that wants to be settled at this point so that everyone is a happy bunny.  Round 2, agree on the method going forward from today, if this is going to have any longevity.

So Round 1.  

When people stake on MU, the horse has the obligation to continue playing (otherwise MU wouldn't exist) and the backer has the obligation to continue reloading, up to the point prescribed in the agreement where the backer has the option to walk away.  Declining to reload relinquishes any further obligation on the horse; they walk free.

Most agreements will define in the initial agreement what rights the backer has with regard to selling MU on to a third party.  Otherwise it isn't fair on the horse if they enter into an agreement to be staked by Snow White and wake up one day to find out Snow White just sold you to the Driscoll Brothers (OFAH) and they want to have a chat!

In this case, people have already declined to reload, so where usually negotiations can be held to arrive at a fair price to trade MU, here it is a bit awkward, not least because there are multiple backers.

As a compromise and to expedite this to a workable eventuality, I would suggest that Ray gets first dibs on buying out stakers at 50%.  Ray could buy this for himself, or for his 'appointed agent'.  In this way, Ray gets some control over who gets to buy out initially, and stakers get a partial refund.  If Ray is unable/unwilling to take up his first dibs, then I would say at that point each staker is at liberty to sell on their MU to whoever they wish privately (within the confines of known Blondes seems reasonable) at a privately agreed price, and simply inform Ray of the name change on the %.

Round 2.

Whilst the 'patient is on the table' take this opportunity to define how it will work in the future.  My suggestion would be that in the first instance, the staker approaches Ray expressing an interest in selling out.  Ray gets first dibs on agreeing a price with them, or at least influencing who should be first in line to buy out. If they fail to agree terms, the staker gets the choice of continuing to reload, walking away, or selling on the MU to a third part (again, within the confines of known Blondes)  It obviously isn't fair to ask for a pause while that happens, so stakers should be starting to think about selling out during the 'last bullet' phase and not when the account is busto and Ray is looking to play.

Hope that is a fair solution to all parties.  Just for clarity, I will not be the appointed agent  

[Graham C]

Just bink the world next session

[MC]

Otherwise it isn't fair on the horse if they enter into an agreement to be staked by Snow White and wake up one day to find out Snow White just sold you to the Driscoll Brothers (OFAH) and they want to have a chat!

Lollllz

[mondatoo]

I'm not looking to profit myself from being in make up and then people choosing to leave so it gets wiped, I don't mind people that want to leave choosing to sort what's best for themselves but I would rather they told me that's what they had done then me to continue to think one person has a % when in fact it's someone else. It's unfair on George if we do it going forward and he doesn't have the same option so that needs resolved, I've just woken up so will sort it out once I get my head out my arse, lets do wins today, kthxbye.

[GreekStein]

Hi ray ray mysterio,

I was merely discussing theory of it. I know your intentions are always the best.

My thought was this. If x person wants to sell, I could benefit by buying their makeup at a discount. They benefit by getting an amount they otherwise wouldn't by selling and you're no worse off than if they didn't sell.

[tikay]

I'm not a stakeholder or investor in this, so not sure if my opinion is needed, welcome, or even counts.

But if an arbitrator were needed, it's fortunate that Simon Galloway has agreed to be the appointed Agent. He suffers from chronic poor taste, but has fine judgement in these matters.

It's also fortunate that few blondes are more trusted than Mondy, as this is, in truth, all a bit awkward, & tricky.

OK, off to get my coat. Hopehully, Herbie will be along to further muddy the waters shortly.

[mondatoo]

Hi ray ray mysterio,

I was merely discussing theory of it. I know your intentions are always the best.

My thought was this. If x person wants to sell, I could benefit by buying their makeup at a discount. They benefit by getting an amount they otherwise wouldn't by selling and you're no worse off than if they didn't sell.

Yeah I know you weren't Mr No13, just thought I should post my thoughts itt. I have no problem with people doing that as like I say I'm not looking to profit from basically losing.

[mondatoo]

I'm not a stakeholder or investor in this, so not sure if my opinion is needed, welcome, or even counts.

But if an arbitrator were needed, it's fortunate that Simon Galloway has agreed to be the appointed Agent. He suffers from chronic poor taste, but has fine judgement in these matters.

It's also fortunate that few blondes are more trusted than Mondy, as this is, in truth, all a bit awkward, & tricky.

OK, off to get my coat. Hopehully, Herbie will be along to further muddy the waters shortly.

Tell me about it lol, I pm'd James and he said it sounds like a lot of hard work for you tbh, I thought meh what's hard about it, lol.

[GreekStein]

Such a hero.

Now start running hot pls!

[George2Loose]

My fault for not reading op properly tbh re how high variance the games are. Glglglgl ray

[mondatoo]

Theoretically there's still no reason why you can't sell the mu fig to someone George then they get the $200 mu, I'm going to grind now so will check the thread later, lmk if you sort anything out and find some mug to take it 

Inc the 35's today.

[paulhouk03]

Just a Q
what will happen if some one wants to pull out but there are no buyers?
will the stake stop?