Rules

 

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Qualify It is not IDS's intention to turn away from the ordinary way of dealing with a Private Offering. IDS is taking names for the list of 49 people that the Private Offering Rules allow. We just don't want this to exclude involvement by the kind of folks who have helped us all these many years because we feel that would not be ethical. We prefer that these 49 be people that either plan to become large users of the technologies or exhibit a level of expertise that can be of great help during this tech transfer phase. Outside of this "group of forty nine", we have the following plan for the involvement of the public as a whole which begins with membership. To become a member of IDS, you will need to fill in the membership portion of the contribution form. Submit the form with your sign-up and annual membership fees. We shall verify the receipt of your fee via e-mail. Once an associate member, you may contribute talent, equipment or funds and have those convertible into future cash, share or options on future shares when a stock choice becomes available. Rejection This offer may be withdrawn at any time and we reserve the right to reject any contributions on any grounds in whole or in part. If a contribution is rejected, all funds paid by the Contributor in such event shall be refunded promptly to such Contributor by IDS without interest and / or deduction. Not all offers for contributions will be accepted. It depends on what funding, equipment or talent is needed. Transfer / ReSale You may transfer your contributions to someone else, All contributions are privately made under a numbered account. We do not need to know who you are. Refunds Contributors may ask for their contribution to be refunded or reassigned within 3 working days of the sending of that contribution. If a project is cancelled or fails, remaining funds will be applied to an IDS-Development released project, or to IDS-Research if the project is not yet released. The contributor will be notified and has the option to redistribute remaining funds to other available projects. Conversion Anyone may contribute talents, funds and equipment, but only members of IDS may have their contributions converted into shares or options for future shares and thus take part in a project's success. Once a project makes a net-profit and shares are issued during its commercialization phase, its contributions may be converted to either cash, shares or share-options at the contributors option. Valuations The value of talent contributions is estimated by a jury of 5 outside experts in that field and knowledgeable in that specific talent. They are chosen by both IDS and the contributor. The top and bottom estimates are tossed and the remaining 3 are averaged. The average of their judgement shall be assigned as the work's value. The verdict may be appealed once at the contributors expense and the process repeated. Equity When a project goes public, share options can be converted to non-voting, preferred, bearer shares. • Non-voting - decisions need to be made by experts in early stages. • Preferred - puts the investor in the best possible equity position. • Bearer - allows the investor the maximum amount of privacy. Project Risks See Also: Project Risks Page length Depends on contribution levels. If a project is temporarily "put to sleep" the contributor will be notified and remaining contributions may be redirected to other projects in IDS-Research or IDS-Development. Risk vs. Return IDS RESEARCH 1. discovery phase 4/1 ratio • probationary • viable 2. design phase 3/1 ratio • sketches • notes 3. documentation phase 3/1 ratio • descriptions / editing (formal) • animations and graphics IDS-DEVELOPMENT 4. demonstration phase 3/1 ratio • soft-prototypes (CAD) • hard proof-of-principle prototype 5. commercial phase 2/1 ratio • construction (hard-prototyping per application) • implementation EXIT STRATEGY 6. corporation phase 1/1 ratio (at par) • tech rights sold • project issues shares NOTE : During phase 6, the project and / or applications becomes incorporated as its own legal entity and SHARES ARE OFFERED TO ALL ASSOCIATES. Associates can choose be repaid in cash, or choose shares or options on future shares when available as a way of sharing in future growth.
PROJECT RISKS../LEGAL/Project_Risks.html

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