Board Decisions

November 2020, Chairman Greene

772879940152197140 2 November 2020

With shareholder ownership and dividend management now handled through the Orbit Stock Exchange, to significantly encourage shareholders who have not yet done so to "claim" their shares at the Exchange, any shares that have not been claimed by 7 November 2020 will have the dividends that were previously allocated to those shares rescinded, and those dividends will be redistributed instead to the previously claimed shares.

772902298451968020 2 November 2020

Effecting all future dividend payments made to shareholders, dividends will only be distributed proportionally to claimed shares. While the company may post a specific amount of per-share dividends, the actual amount of dividends may be greater if there are unclaimed shares. For example, if the company posts $20 million in dividends, this amounts to $1,000 in dividends per share. However, if only 10,000 shares of the total 20,000 shares are claimed, that means that only 10,000 shares are receiving the $20 million in dividends, which results in an effective dividend payment of $2,000 per share.

775111705122308127 8 November 2020

Amend the Dividends Handling; Dividends will now go out on the last day of each month, and are decided by the Board of Directors and not the Shareholders. Dividends must be at least $100 million in total, except when such an amount would result in negating any profits for the month, or when there were no profits. The Board will vote each month prior to the last day, and then will distribute such dividends to via Orbit Stock Exchange to the shareholders' brokerage accounts.

775111761300553790 8 November 2020

Shareholders are no longer required to be in our server(s), and shareholder roles will now only be assigned to individuals owning at least 2,000 shares, which is 10% of the total share count. These shareholders will be roled once per month when dividends are distributed.

Motion failed to achieve a majority of support.

775111818334961724 8 November 2020

Empower the Chief Investments Officer to spend $500 million, at their discretion, to purchase listed stocks on the Orbit Stock Exchange.

775111872021921802 8 November 2020

Empower the Chief Commodities Officer to spend $500 million, at their discretion, to purchase resources to augment our stockpiles.

775111922840371200 8 November 2020

Empower the Chief Auctions Officer to spend $200 million, at their discretion, to purchase unique items and offerings to list for Auction.

775114780897443881 8 November 2020

Shareholders are no longer required to be in our server(s), and shareholder roles will now only be assigned to individuals owning at least 1,000 shares, which is 5% of the total share count. These shareholders will be roled once per month when dividends are distributed.

Motion failed to achieve a majority of support.

775115023382216714 8 November 2020

Shareholders are no longer required to be in our server(s), and shareholder roles will now only be assigned to individuals owning at least 500 shares, which is 2.5% of the total share count. These shareholders will be roled once per month when dividends are distributed.

Motion failed to achieve a majority of support.

775115277314293800 8 November 2020

Shareholders are no longer required to be in our server(s), and shareholder roles will now only be assigned to individuals owning at least 200 shares, which is 1% of the total share count. These shareholders will be roled once per month when dividends are distributed.

Motion failed to achieve a majority of support.

775772716879052801 10 November 2020

Shareholders are no longer required to be in our server(s), and shareholder roles will now only be assigned to individuals owning at least 100 shares, which is 0.50% of the total share count. These shareholders will be roled once per month when dividends are distributed.

775776266707533834 10 November 2020

For some time now, Taith has operated as the de facto offshoring point for 53 Companies. This motion serves to formalise the arrangement as well as improve the terms of such arrangement. These terms are not retroactive, and are only for transactions that come in once this motion passes.

  • Bank-to-Bank transfers must include a memo transaction beginning with 53c. Any additional notation following that is for the Company to ascertain.

  • Taith will make available to 53c within 24 hours all funds and all resources. In practice this will happen much sooner.

  • Transactions will be processed by any of the Taith Rhanddeiliad, and all Board members will have full accounting of what goes in or out of the offshore.

  • 53c will not use additional offshores, as Taith is the official offshoring "point" meaning that Taith is responsible for the security and safeguarding of assets.

  • In the event that a 53c transaction does not include the required 53c prefix in bank-to-bank transfer, the first transaction mistake of each month will be passed along to 53c once verified without cost. Any additional transaction failures will result in a 5% penalty fee of the transaction applied by Taith, capped at $50 million per transaction.

The terms of this arrangement will only be valid provided that all four Taith board members vote in its favour, and it meets the pre-requisite majority.

October 2020, Chairman Lucianus

761628250991624282 2 October 2020

Purchase 60% of Steel Bank for $600 million.

765221357377683477 12 October 2020

Sell off our entire banking division, including server and associated brands (Spera Banking, Mountain Banking) to Oshun Credit Union for equivalent value based on ESV in TGIF. Existing staff will be reallocated to other 53c divisions as appropriate.

766341022170873906 15 October 2020

Purchase of 150,000 shares in Oshun Credit Union for $1675 per share, total purchase of $251,250,000.

772194543428567060 31 October 2020

Formally list our company on Orbit Stock Exchange

772204521395978271 31 October 2020

Merge all of our divisions into a single, unified Discord Server.

September 2020, Chairman Lucianus

752165791629180949 6 September 2020

Seize 100 shares from Cuomo to cover employment-related losses.

752776039591313428 8 September 2020

Loan approval for 10 million food

754498960780951572 12 September 2020

Any member that is keeping corporate money on their nation must have their own personal ledger on our Financial Portal, an example of this is my Arkin's ledger since he is now receiving loan payments to his nation via trade or bank transfer from our clients. The reason for this proposal is to easily track our money trail when they are sent to a Board Member's nation, as well as to remind that Board Member that s/he keeps corporate money on their nation and is responsible for keeping it safe. (Obviously, only the Board Member who owns the ledger shall be allowed to edit the ledger)

757655863770087544 21 September 2020

Board members are eligible for loans (as they already were), but they can't sign off their own loan.

August 2020, Chairman Lucianus

743127036947595285 11 August 2020

Unified Financial Portal for all divisions. Available at portal-53.politicsandwar.biz

743127637249228841 11 August 2020

Decentralised server structure. Board-level voting will happen on the Taith server, however elections and Shareholder voting will happen on a rotating basis across all five division servers.

743164443512275004 12 August 2020

Adopt the lending structure of 3% weekly interest for unsecured loans, 10% lifetime interest for secured loans, and 3% lifetime interest for Grade A loans.

743164910195703893 12 August 2020

Adopt the documentation for commodities as found on the website.

743165211585806388 12 August 2020

Appoint Lucianus as interim Chairman until the Shareholders Meeting at the end of the month.

743165617846091807 12 August 2020

Exclude Caspian and Arctic from owning shares or engaging in the services of 53c, or of acting as officer or agent for anyone else. This exclusion will remain into repealed.

743166147939270717 12 August 2020

In the event that 53c shares are used as collateral, the shareholder must notify us of the institution and lienholder immediately and that in doing so they recognize our authority to abrogate their rights to those shares and transfer them to the lienholder as applicable and necessary.

743166273646755892 12 August 2020

No Executive or member of the Board may sell shares without the consent of the Board of Directors, and any sale must first also be approved by the Board of Directors. This is to guarantee against any insider or collusive trading scheme.

743166521118949416 12 August 2020

The Board of Directors will continue to adhere to the established practice of every Board member casting a single ballot in official voting. The Board may also use consensus decisions in lieu of official voting for situations where there is an obvious unified position.

743167236071620748 12 August 2020

The CBO is the ultimate decision maker on all loans under $200 million. Any loan of greater value must be cleared by the Board.

743167635616956537 12 August 2020

The CCO is granted the autonomy to engage in resource purchases and sales, and authorise same within 53c Commodities, except where previously informed by the Board that we are reserving or stockpiling resources.

743167989150646343 12 August 2020

In the event that shares are forcibly seized, either via buy-back or reclaimed from a banned shareholder, those shares are transferred to the 53c Central.

743557754261602455 13 August 2020

Company is officially approved for launch. The company itself formally launches on 15 August 2020.

743652281777389568 13 August 2020

53c Investments will purchase 30% of GNP from Taith Group. Taith will continue to own 50%, and 20% will be sold to the public via block-auctions. GNP remains a completely independent company separate from 53c or Taith.

744867717257101322 17 August 2020

Allocation of $1.5 billion of current liquidity to Commodities

744869392214523955 17 August 2020

Withdrawal of $1,536,000,000 from the Taith Group Investment Account, internally referred to as our Rainy Day Fund.

745026328251858945 17 August 2020

Voting system:

All motions a motion is passed if there is a larger part of the board in favor then there is against.

However, not that one of us can put in a motion, vote yes and say it's passed with 1 against 0 (hypothetically but possible) implement the following rules:

1. All board members can start a vote about anything, at any time.

2. The board has to be pinged for an official motion.

3. A motion lasts at least 24 hours or until 7 people have voted yes, then it can terminate earlier.

3a. If the motion is specifically about one of the 5 subparts, the chief of that part must be one of the 7 people who have voted. The 24 hours rule still overrules to prevent tactical voting. This rule exists so we don't finalise a vote before the person who might have more information has said anything.

3b. If one of the board members feels like there should be more (time for) discussion on any vote, they may request so and then an additional 24 hours are granted for that specific vote.

4. When any member of the board knows he/she won't be there for the next few days, that person can notify the chair beforehand and then the chair can decide to suspend some votes for maximum 72 hours, but this can only be done for the non-timesensitive votes and is at the discretion of the chair.

745363291500576928 18 August 2020

A proposal to make bots for loans and auctions and synchronising was made, total costs of 100M and it would provide us with the necessary bots.

747184806395379813 23 August 2020

Default to sending dividends to shareholders' Gaming Accounts, where they can then withdraw from their Gaming Account.

747184806395379813 29 August 2020

Set up a Lottery in the Gaming Server. This vote is both a vote on an approval of this plan and a vote on the first investment of 50M in the prize pool.

749289738007085087 29 August 2020

Lending Terms & Conditions

1. By taking a loan from 53c Banking, you agree to waive your alliance protection and the protection of any organizations you retain membership. We reserve the right to take any action necessary in the event of a default.

2. Borrowers and their Co-Signers must stay in our Discord server for the duration of their loan. Leaving our server without informing the bank and obtaining previous authorization with an active loan shall be considered a default. Co-Signers are equally responsible for the debts and conduct of the primary borrower.

3. Should an alliance borrow money and is then either usurped, disbands or defaults on their loan, the government officials who borrowed the money that the alliance co-signed for will be responsible in its totality. At our discretion, we may also hold other members of the former or new government, or the newly installed government, accountable for the outstanding debts.

4. Loan payment is technically on Friday from 00:00:01 to 23:59:59 UTC. We will accept a loan payment made any time on either Friday or Saturday UTC as on-time. Any loan payment made after this is considered a late fee and is subject to the penalties prescribed below.

5. Loan payments that are sent directly to Taith must include a proper transaction note, otherwise, payments will not be counted and will be regarded as a donation to Taith group.

Penalties & Fees

Any borrower who does not make a payment on time without advance discussion and authorization from the bank staff will have the following fees and penalties added onto their loan. To avoid these, if you find you're in trouble and aren't going to be able to pay, have a conversation. We're not looking to gouge: if you need to modify, reduce, postpone, we'll try to come up with a balance.

We will apply a $1 million per day late fee to all loans.