Dividend paid for the week of 7/8/2012

 

Hockeykids,
Here are your answers:

1-Yes that is the main point. Any farming and harvesting done after filling dividend chest each week is for your profit.
2-Juggolopolis Inc. pays dividends weekly, usually on Sundays around 6pm. At that point in time, the contents of all of the dividend chests are sold, added to the excess seed sales (I do this during the week and keep in spread sheet as collecting and storing became time consuming) and any other town revenue (juggo games, juggo pvp, store sales etc.) this is then divided by the # of shares outstanding and the dividend per share is set for the week. Each shareholder is then paid based on the # of shares they hold. At this time I also determine bonuses for services and work done in town, this is added to each shareholders dividend amount.
3-Yes, we have a portal 18th floor of town portal area at spawn, turn left, 1st portal on right on the second row

 

Dividend Paid for week of 07/15/2012

 

Dividend Paid

Week of 7/22/2012 $681 per share!

 

Come see me in game, we just did a share split and we have new shares available for sale!

 

RagMan17,
It is good that you are thinking this through. The parts that you are missing are the following:

- shareholders have access to tons of farms, filling a chest takes about 40 min per week I think on average
- shareholders farm the rest of the week at their leisure and make tons of money, we have multiple mayors and presidents as a result
- payout is not only based on dividend chests, but also on excess seed sales, sales of goods sold by company, and by various events
- this company is best for builders and residents that want to earn money fast as one of the keys to making money on this server is to have farms to harvest, because we have many active members the fields grow fast so they are ready more often
- there is a limit to the availability of shares on the market and additional sales are distributed to existing shareholders so dilution is limited
- there is also a market where you can sell your shares to other shareholders and you may be able to do this at a profit

Hope this helps explain a bit.

 

Dividend Paid 7/29/2012

 

Dividend Paid for 8/5/2012

$244,822 Revenues
$464 per share divy

 

In response to Gramster's comments. He was unfortunately a victim of the 8 hour roll back that we suffered a month or so ago. He purchased a share and next thing you know he was rolled back out of the town. This is not an explanation of why he did not make any money though.

We have stacked wheat farms that are auto-harvest and if done in a cycle, the first one you plant in done by the time you harvest the last. Each harvest nets over 780 when full for each farm (paired chunk aligned farms). You can do 10 farms less than an hour which would net you almost 8k, and that is not even working hard. When you join juggolopolis as a shareholder, you get access to a large built up infrastructure. If you choose not to use it.. then obviously you won't make any money.

 

No divy paid the week of 8/12/2012 due to server issues and down time. Your chests are still full and seeds are a head start at over 40k. Will resume this week!