Selling and majority sales

How investors get out

There's no fixed date when a stone is sold. You can sell your shares on the stone's market at any time. And if one buyer comes to own more than 50% of a stone, every other holder is paid out at the same price.

Selling your shares

Once trading opens, you'll be able to sell your shares on the stone's market at the price a buyer will pay. Private-offering shares are restricted for six months to a year first.

Majority sale

  1. A buyer passes 50%

    Anyone who comes to own more than 50% of a stone's shares can require every other holder to sell.

  2. Notice to every holder

    All holders are notified and given [notice period, for example 20 business days] before the sale completes.

  3. The same price for everyone

    Every holder gets the same price per share. [Price rule, for example no lower than the higher of the most the buyer paid in the past 12 months and the latest independent appraisal]

  4. Paid out

    The money goes to each holder's verified account, and the buyer then owns all of the stone's shares.

Any change to these terms goes through the amendment terms in the offering documents.

Taking delivery of the stone

A holder can take delivery of the physical stone only by owning all of its shares.

Taxes

Selling shares, including in a majority sale, may be a taxable event for you. Talk to your tax adviser.