Well, hello shareholders but mostly non-shareholders. I have 1,194 shareholders but there are 3,582 people subscribed to this list. I expect many of those people have created an account on KmikeyM, and some may have bought and sold in the past, and maybe they’re just waiting for the price to drop… but the majority of readers don’t own a share.
Last year we made it easier to buy shares. This page lets someone buy immediately and then it automatically creates an account. So much better!
And I’ve also gifted shares to people I work with and admire, hoping to entice them to buy a few more and do a little trading. I tend to think of everyone who is interested in this experiment as a part of the KmikeyM community, but I’d like to make it more official with this new proposal for Membership Shares.
Membership Shares are a new class of KmikeyM shares. Each shareholder can only have one of them, and this share is what will grant access to much of the functionality of KmikeyM. And also, this share can not be sold or traded away. It’s a permanent fixture of each shareholder account.
You can read more about it and ask questions or leave comments on the voting page. But the reasons for this are:
- Build a sustainable Membership program
- Have non-public facing discussions with shareholders
- Reduce the liabilities of being a publicly traded person
Membership Has It’s Privileges
We’ve been talking a lot about creating a sustainable path for KmikeyM as we get ready for Build Week (our annual focus on the tech platform and building new features). And while we have a lot in store, this is a change that needs shareholder support, as what we’re proposing is essentially a one share “fee” to join the platform. And that fee only works as a non-transferable share, a new kind of share that is locked into the account and allows access.
Right now the share price is moving between $5.26 and $6.38. While that’s a small amount for each shareholder, an amount that still allows them access to vote and read the discussions, it creates more than $6,000 of immediate value for KmikeyM, which will continue to rise with the number of shareholders and with the share price.
KmikeyM has always been an experiment in community and capitalism that takes corporate concepts and tries applying them to personal aspects of life. This vote is an extension of that experimentation with the first special class of a new kind of share.
We hope you’ll support this effort at creating a sustainable community by voting yes and of course, by buying more shares. 🙂