Ground Floor Opportunity to Own a Piece of BindleSnitch
This is a ground floor opportunity to own a piece of the revamped and updated version of BindleSnitch.com.
We are giving away 98 one-half percent ownership shares of BindleSnitch to the first 98 BindleSnitch members who reach the following milestones:
- Being a BindleSnitch member in good standing for at least one year.
- The completion of at least one hundred featured articles over a 365 day period commencing on July 1, 2020.
- The recruitment of at least one hundred new BindleSnitch subscribers who have “friended” you on BindleSnitch.
- The submission of at least one hundred comments on at least one hundred articles by other BindleSnitch members.
Under the terms of this giveaway, BindleSnitch will be converting itself from a partnership into a Subchapter S Corporation on or about July 1, 2021, at which time the 98 finalists will be selected at random from the pool of candidates. If fewer than 98 qualified applicants have been identified, the conversion will be postponed until the 98th qualified member has been identified.
Because BindleSnitch plans to distribute one hundred percent of the net profits after expenses from any revenues it receives from paid advertising links to the contributors who have submitted content to BindleSnitch, it is not anticipated that there will be any dividends forthcoming for shareholders in the corporation.
BindleSnitch will not be listed on any exchange. However, you can sell your ownership share back to BindleSnitch for the fair market value of your ownership share, which will enable BindleSnitch to confer that share on another contributor.
The Benefits of Ownership
If BindleSnitch is ever sold, you would be entitled to one-half percent of the net proceeds from the sale. If BindleSnitch runs at a loss, you would be entitled to deduct one-half percent of the loss from your federal income taxes. (Restrictions may apply. Consult your tax adviser.)
As a co-owner of BindleSnitch, you will be able to influence decisions made about how BindleSnitch will operate in the future. All Shareholders automatically become members of the board of directors.
This is a ground floor opportunity to join the co-founders of BindleSnitch in an effort to change the way Internet users use the internet.
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