Facebook

Login

Support Sailonline

If you haven't already - join the SAILONLINE YACHT CLUB!

Please also consider making a donation - all amounts are greatly appreciated!

Board » Sailonline Yacht Club » Announcements regarding SYC Ownership of SOL

Some questions answered:

Q1 - Why is this being done?

A – Click here to read Jakob’s article which explains everything.

Q2 - How much it will cost me in USD or EUR?

A - The minimum investment is 100 shares and depending on the number of shares that will be allocated to you after closure of the offer, your cost will be as many SEK as the number of shares ( 1 share = 1 SEK ). Approx. rate of exchange today : 100 SEK ≈ 11 EUR; ≈ 14 USD. Use xe.com to check current exchange rates.

Q3 - What do I need to do after sending in my proposed participation?

A - Just wait for the closure of the offer and you will then be notified with the amount of shares allocated to you. At this time you will receive instructions for payment.

Q4 - What happens if the shares requested by the Community exceeds the number of shares available?

A - Shares will be allocated to individuals on a pro rated basis, in other words, as a percentage ratio between the number requested by an individual and the total number requested by the Community ( e.g : individual request = 1000 ; total request = two times availability, means individual gets half of what was requested).

Q5 - Can I apply for more than 5% (3750 shares) in order to reduce the risk from being pro-rated?

A - No

Q6 - Can I return the shares to the Company or sell them to others in the Community?

A - At the moment the answer is Yes , bearing in mind following constraints :
(i) Shares can be either returned to the Company or sold to other eligible members of the Community, they cannot be sold outside the Community.
(ii) Shares can be sold to the Company practically at any time, allowing time for processing the transfer and with the seller bearing all costs of administration and transfer.
(iii) An internal market for shares selling and purchasing between members of the Community (still via the Company) will be open once a year. (Rules and details to be published asap)

Q7 - I was not an SYC member on 1 May 2013 but want to become a shareholder, how can I do this?

A - If you are an SYC member on the day prior to the opening of the next internal shares market you will qualify then

Q8 - Will more shares be made available in the future?

A - The board will have the right to increase the company capital and offer new shares in future. In that event, the entire Community of eligible SYC members will be allowed to invest, with the criteria in force at the moment of such capital increase. The maximum individual ownership will remain at 5%.

Q9 - Shall I have a financial return or dividends from my investment?

A – No. The purpose of the operation is purely to provide basic financial stability for SOL any profits or surplus will be ploughed back into SOL.

Q10 – Is my investment guaranteed

A – No.

___________

--- Last Edited by RainbowChaser at 2013-10-18 10:52:10 ---
We have sent an invitation to buy shares to SYC members, but some emails were not delivered. Also the mail may have interpreted as spam and found its way to the junk file.
Please check.
If you haven't received an email with an attachment "prospectus...." please notify us to epd-p@telia.com
“If you have announced interest in participating in New Company, AND have not
received a thank-you-email from Svein, PLEASE send a copy/new to him at
svein.a@telia.com”.

Thread is locked.

Races

Next Race: 00d 00h 00m


Current Races:

Uruguay to Cascais - 2020 RTW - Leg 4
The last leg of Sailonline's Round the World Race 2020 takes racers from Punta del Este, deep in the South Atlantic, to Portugal's Cascais on the North Atlantic seaboard. More than 5000nm of almost only open water, bar three easily avoidable, well-known island groups and Fernando de Noronha and Madeira, in our much-loved Orange 125ft catamaran for your leisurely enjoyment of only wind, wind and wind and maybe some wine, chat and cheese!
PRIZE: SMPF
Race #1399
INFO from brainaid.de
Orange 125ft Particulars
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: OCQ4 - OCCH - SUPSOL - SYC - RTW20
ALT. CLIENT:Classic
Race starts: Oct 02nd 20:00 Registration Open!
HTML5 Client (beta) GO TO RACE

The Odyssey 2020 - Leg 1
According to Homer, after the Greeks sacked Troy, one of their heroes, Odysseus, had a particularly fateful journey home. Sailonline now invites you to relive his epic tale, journeying in a virtual ancient trireme, modelled on the Hellenic Navy's real live replica Olympia. The legend tells Odysseus was immediately blown off course, north to the land of the Cicones, perhaps making landfall near Cape Maroneais. When the winds abated and after pillaging the people, he made good progress south, undoubtedly rowing some of the way, to exit the Aegean at Cape Maleas, where this virtual first leg ends. Take your seats for 360nm of tragedy!
Race #1388
INFOby brainaid.de
Trireme PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: SYC - ODY
ALT. CLIENT: Classic
Race starts: Oct 01st 15:00 Registration will open soon
HTML5 Client (beta) GO TO RACE

San Francisco Bay 2020
Many a Sailonline race has started or finished at San Francisco's Golden Gate, but never have we raced inside The Bridge on The Bay. This 27nm sprint corrects that oversight with a fine sight-seeing tour past Alcatraz, Yerba Buena, Brooks and East Marin Island. Our rarely raced Fox 9.50 is your boat of choice. She's a nippy little thing. Enjoy!
Race #1369
INFO by brainaid.de
Fox 9.50 Particulars
NAM_AWIP WX Updates:
0245 / 0845 / 1445 / 2045
Ranking:
SPRCH - SUPSOL - SPRQ3 - SYC
ALT. CLIENT:Classic
RACE CLOSE: Wednesday,
September 30 at 2300 UTC.
Race starts: Sep 26th 19:00 Registration Open!
HTML5 Client (beta) GO TO RACE

A3 2020 Leg 8 - Darwin to Perth
In 2012 Sailonline lost one of its more remarkable racers, Aaron Gage, the creator of the Flash client and all-round awesome human being. In his memory, Tyger created a superb series of races around the island of Australia - the A3 (Agage's Around Australia) Series. This race is Leg 8 of the series - a race of 1860nm in Orange 125ft Catamarans from the laid back north to the booming mining capital and yachting centre of Perth in the south of the state of Western Australia.
Race #1386
INFO from brainaid.de
Orange 125ft Catamaran Particulars
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: A3 - SYC
ALT CLIENT:Classic
Race starts: Sep 22nd 21:00 Registration Open!
HTML5 Client (beta) GO TO RACE

Carib Rum Run 2020

Welcome to the Caribbean and Sailonline's 2020 Pirate Name PRIZE race, running with Bart's Bash and ahead of International Talk Like a Pirate Day on 19 September. This is a 1759nm slalom through the rum islands of the Caribbean, for the first time in a Clipper, collecting barrels from the region's distilleries and carrying them to the rum-parched beaches of Cancun, Mexico. If ye scurvy swabs are up ter it, then ye be invited to attire yerselves in a piratical disguise by becoming an SYC Member and requesting to change your boat name for this race only!
Race #1384
INFO from brainaid.de
Clipper 240 Particulars
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: SYC
ALT. CLIENT:Classic
RACE CLOSE: Thursday, 1 October at 2300utc
Race starts: Sep 10th 17:00 Registration Closed
HTML5 Client (beta) GO TO RACE

Go to race archive

SYC Ranking

  1. Sailonline Yacht Club Member bonknhoot
  2. Sailonline Yacht Club Member Kipper1258
  3. Sailonline Yacht Club Member knockando60
  4. Sailonline Yacht Club Member SimeMali
  5. Sailonline Yacht Club Member rafa
  6. Sailonline Yacht Club Member nacrr
  7. Sailonline Yacht Club Member calmxy
  8. Sailonline Yacht Club Member batatabh
  9. Sailonline Yacht Club Member Sax747
  10. Sailonline Yacht Club Member Bimmer

View full list

Series

Mobile Client

SYC members have the benefit of access to our mobile/lightweight web client!

The mobile client