Common stock

Trade or Buy Its Shares on its Blockchain Platform

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• published: 04 Nov 2016
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Overstock.com, Inc. are shareholders of preferred shares, including the issuance and exclusively marketed using Bitcoin platform "T0" developed buy the company for trading stocks. This announcement marks an important step in the efforts of the company to offer a chain of bitcoin block trading system for equities. The company noted in a statement that it made the offer to prove his platform T0, while offering its shareholders the opportunity to participate. communications director of Overstock, Judd Bagley, hinted during Money20 / 20 conference in Las Vegas that the company will start selling shares on the T0 platform, a block chain platform for trading stocks. He noted that T0 not a scholarship can be named for legal reasons. Instead, it is a platform for trading widgets. The first use case for stocks and bonds. A Bitcoin Pioneer Overstock has worked to reconcile fiat money with digital currency. It is the first company to recruit qualified institutional buyers in a society digital connection will be negotiated using the technology of the block chain. The company will offer up to 1,000,000 shares of its preferred stock, and shareholders have the opportunity to subscribe for shares of its Series A preferred chain block, which will only give trading on the alternative trading system. Shareholders may also register for an alternative series of preferred shares with voting rights that are economically identical to the stocks of the block chain, but the market will be on the over-the-counter market. A two-year effort "This is the result of over two years of genuine innovation and hard work," said CEO Patrick Byrne society. "Through this public issue of block chain based effects, the history of the market capital has entered a new era, the era of effects based on the block chain. " The offer will be made by a division of a law on non-transferable subscription rights to 10 ordinary shares held at the record date, plus an additional duty for any balance of nine or fewer shares. To qualify as a registered shareholder, it is necessary to hold stock in his brokerage account from 4:00 p.m. ET Monday 7 November 2016. The proposed rights issue will be a privilege of over-subscription, each right holder is entitled to additional shares of preferred shares that remain unsubscribed after the rights issue, to exercise any purchase. privileges settlement subject The two basic privileges and are subject to a plethora of settlement applications. The basic privileges and over-subscription may be exercised during the period from November 15, 2016 subscription until 5:00 p.m. ET December 6, 2016, subject to adjustment. Overstock can provide up to 30 additional days, in which case it would stay on a subscription extend first-in, first served, with potential for pro rata allocation of shares to be subscribed to the participants in the day, if any, where he is underwritten.