IDT Research and Manufacturing
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What IDT is all about.

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Author Topic: What IDT is all about.  (Read 184 times)
Zoltan
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« on: December 28, 2009, 06:31:52 pm »

(Excerpt from forum posting)

We've been progressing along as a corporation for a while now and we are approaching our next major milestone on the uber master plan of great evil domination and terror, a.k.a. project Cuddly Reptile.  This milestone is 1 billion in corp cash.  I expect we'll hit it either this weekend or the next; we're really very very close.

Our previous milestone was to make the corp self profiting and to pay the members of the corp who helped the corp to make those profits appropriate shares for their efforts.  I hope you are all enjoying your monthly payouts.

So, where are we going with this Cuddly Reptile from here?  This milestone triggers an event, which is making the Directors of the corporation owners by issuing shares of the corp to them.  The next milestone has to do with our payout structure.  As it is now, cash comes into the corporation from our efforts, and if anyone, including the corp, had to put cash in to make that project work they get paid off first, and the remainder is split between the corp and it's members.  The corp is taking 2/3 of the cash, the members are getting 1/3 paid to them through the point system.  You probably don't realize it, but this is you investing into the corp.  What is the corp doing with that 2/3 of the cash it gets has everything to do with the next milestone.  Various members, meaning Malichi Hew, have invested into the corporation to provide it with it's assets.  The corp is purchasing these assets, at cost, from the investor(s) with that 2/3.  Soon, the blueprint originals we use will be owned by the corp.  Soon the POS will be owned by the corp.  When all the assets of the corp are owned by the corp, we have achieved the next milestone.

What happens when we hit this milestone?  The corporation changes.  Shares of the corporation are issued to the full members of the corp at that time, and the corporation becomes member owned.  2/3 of the monthly profits are paid to the members instead of 1/3, and the corp gets 1/3 instead of 2/3 to buy new blueprints and other things it needs.  You now own the corp (in part) that you belong to, and get paid handsomely for your efforts in it.  This is what was initially envisioned for the corporation at its founding, and we are well on our way to achieving it.

Thank you all for helping us get this far!  Your efforts are making this happen and you should be very proud of your results.  Hopefully this gives you an idea of what we have to look forward to.  We're building for all of our futures, we're building for strength, we're building our cuddly reptile!  Hug it tight!
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