Sports Card DAO - Net54baseball.com Forums

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#11

12-30-2021, 07:09 PM

Fred

Member

Join Date: May 2009

Posts: 3,366

How does a group IPO a DAO?

A few posts back there was mention of a "fund" that originated at $3.1M and is now worth over $11M. The assumption is that if there were 3.1 million "shares" at the beginning, then each share would now be worth $11. What happens if I decide I want out NOW, rather than later? Are there people in line waiting to pay $11 a share for that "fund"? Who handles the transaction and logs it and how long would it take to get the funds from selling the shares?

__________________
fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something
cool you're looking to find a new home for.

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