IPO traditionally stands for "Initial Public Offering."
But when P4 says "IPO," it stands for "Initial Pioneertown Offering!"
P4 is a C Corporation. In fact, P4 is the only C Corporation registered in California that bares the name "Pioneertown."
A startup company such as P4 can easily authorize up to 1o,ooo,ooo shares of common stock. Many experts suggest starting with 1o,ooo. But companies can authorize as little as one share or as many as 1o,ooo,ooo.
For a rough example, say P4 sold common stock at $1o a share and authorized 1,ooo,ooo shares. We could then end up with $1o,ooo,ooo in funding. That'd be fun. But remember, that's just an example.
An offer like that could take years to really pay off and many corporations typically start simple, by first marketing their shares to their friends, family and to anyone who has an obvious interests in the project. But some corporations seek a much broader source of capitalization.
Pioneertown is no stranger to outside investors. These days the amount of money being invested into Pioneertown from people who don't live or work within town is incredibly high. It wouldn't take very much effort to find just any old investor interested in funding P4. But P4 is the only corporation intended to be made for Pioneertown, by Pioneertown. That's why we're offering Pioneertown residents and property owners the first chance to help us fund this project. Ideally, P4 will be owned, managed and operated entirely by residents of Pioneertown.
The time for P4 to launch its funding campaign is right around the corner and when that time comes, P4 will host an IPO, where premium P4 stock options will be made available to residents, business owners and property owners within the 92268 zip code, not the general public, for six months. After that time, the stock options will become available to all residents, business owners and property owners within the Morongo Basin for three months. All stock options will then be open to the general public for three more months, before P4 will pull most offers to invest.
P4 needs to raise about $3,5oo,ooo to finance just about everything that we want to accomplish and the kitchen sink. The goal with P4's IPO is to bring in a third of that $3,5oo,ooo. P4 will then have enough money to begin groundwork as well as enough momentum to locate the remaining funding needed.
P4 WILL BE ISSUING THREE TYPES OF INVESTMENT OPTIONS:
Common Stock shares will come in two classes and will offer shareholders voting rights. These shares are paid dividends last, after P7 Coins are bought back & Preferred Stock receives their dividends, but hold more power in the overall management of P4. Both class A & B will have 1 voting right for each share.
Preferred Stock shares come in only one class and do not come with any voting rights for shareholders.
But they do pay dividends sooner than Common Stock shares. Class A will be paid dividends directly after P7 Coins are bought back, but will have no voting rights for any share.
Pioneertown Preservation Park Project Public Participation Program Coins (P7 Coins) come in two classes and do not come with any voting rights for shareholders, nor do they pay any traditional dividends. P7 Coins are not stock options. They are essentially IOUs in the form of Souvenirs issued by P4.
Class A, the $1 P7 Coins, will be designed to serve mainly as Pioneertown souvenirs. While these coins will offer no voting rights and no traditional dividends, they will eventually become good to use for the clubhouse entertainment options that P4 will eventually make available to members.
Class B, the $1o P7 Coins, will also be designed to serve as Pioneertown souvenirs. But while these coins will offer no voting rights and no traditional dividends, P4 will buy them back after two and a half years for $12.5o each; much like an IOU. Additionally, the $1o P7 Coins will be redeemable for face value at the General Mercantile on Mane Street.
P7 Coins are our way of making sure that absolutely anyone who loves Pioneertown can be a part of this project!
These will be the only investment options available to the public right from the start. They won't grant the owner any voting rights or rights to traditional dividends.
Selling these P4 Coins will help us generate funding for the project, it will help us advertise the project and it will allow anyone, including tourists, to help the project for as little as $1!
The $1 P7 Coins will likely be sold mainly to people not interested in a future P4 membership and therefore the majority of these coins won't be redeemed. That means that the majority of the $1 P7 Coins that we sell equates to a direct profit.
The $1o P7 Coins will likely be sold mainly to people looking to make a small investment with a guaranteed return. All of these coins will likely be sold back to P4. While that doesn't mean much direct profit, it still allows P4 to borrow a sizeable amount of startup capital while keeping our voting rights secured and allowing the general public to participate.
There are very few laws that regulate what a corporation can offer as far as coins or tokens are concerned. If someone wants to offer coins or tokens that are only good for their business, they have every right to do so. There is no law that prohibits an arcade from printing a million $1 game tokens and selling them all. The $1 P7 Coins are very similar to a Chuck E. Cheese Token.
P4 will make $1o P7 Coins and sell them at face value. But P4 will buy them back during specific dates for a specific price. In this case, P4 is basically offering promissory notes in coin form.