Questions & Answers - T&Cs

[cylu]

The question of rounding is very simple to solve in my opinion. Just use the total earned money, do the calculation and subtract the money already paid.

So the complicated mathematical thing is a SAB myth!

[Utterly B Groovy]

Mar 3, 2010 20:07:32 GMT cylu said:

So the complicated mathematical thing is a SAB myth!

I'd agree it has derived a mythical status, but they did seem to be having problems with it!

Mar 3, 2010 20:07:32 GMT cylu said:

The question of rounding is very simple to solve in my opinion.

I wonder if that was part of the problem. There were so many figures to be added in from different sources, all of which had different periodicities (monthly, quarterly, etc) that getting a consensus of which problem they were trying to solve was perhaps the hard part. I'd agree that having decided on a course of action that programming it ought to be pretty straight forward, and as it turns out I think they picked the wrong problem to solve.

They tried to solve the rounding problem when with rounding comes "rounding errors" and someone was always going to start bleating on about losing!
They could have tried to change the setup to avoid having to 'round' anything (as far as the available precision would allow, of course).

Hey Ho

Utt

[li]

I also think it's what UBG said. What I would like to add is that it was something they could have avoided, nobody for once asked for such complicated "earnings" ;-) and then the whole thing about selling LeCDs through SAB, Amazon and mortar & brick stores came on top of the original concept and they most likely decided this without looking at the financial execution. Don't forget that the original concept on which the whole SAB front- and backend was based came from 5000 believers each pre-buying 1 Album :-).

[li]

@david: I definitely know much less than guys like Xander, MaWa & Thor. Lu keeps track of loads too. Me, I just add a bit here and there.

This is what I've been telling to the people that have asked me: If you can live with the fact that you're forced to accept the T&C's before getting access to your account (and without clarification what happens with your existing "assets", such as your LeCDs in stock at one of the Sellaband premises and what will happen with the LeCDs to come from pre-bankruptcy artists who reached the Goal), why not accept the T&C's, decide how many parts you want to keep floating through Sellaband and ask for refund on the rest and see where it all ends up? You're not losing anything in this way you keep your profile. The new T&Cs only apply to all new investments and to all parts and money you decide to leave on SAB. But you must decide how much money you want to play with on SAB considering that the new business model is not yet clear and that the chances for survival are not all that great yet either.

But you have another 6 days to decide and hopefully answers to the main issues will be supplied. Give yourself a D-day to decide ;-) if you can't live with the fact that accepting the new T&C's means that you'll buy fewer or no parts in future artists.

I'm just making a fuzz because I don't think it is right to be forced to accept T&C's that are unclear on certain essential issues, in order to get access to my "assets" that have been saved in the deal made with the Curator. Matter of principle for me, but I completely understand that for others this is not a problem.

[esthameian]

As I have said on the 'Payouts' thread, I'd like to thank you both, Lu & Li, for answering my plea in summing up the situation to date and as clarified by Li above I thank Xander, MaWa & Thor as well as UBG etc usw who have given their opinions and guesswork here over the past few days.

It's made it much easier for my decision-making and given me confidence that I understand sufficiently to be able to explain the situation to those looking to me for info.

Dave