Entry Submitted Anonymously at 5:07 PM EDT on April 8, 2017
Post RV will there be audits of project funds?
I hold Zim and would like to consider negotiating a higher rate, obviously requiring an NDA. However, I know it will take time to put together an organization and begin the massive project I would like to undertake. So the project side of my funds would probably take several years to ramp up to fully utilize even the interest flow from an extended structured payout. Demonstrations and patents can take years. This is especially a concern given that I want to develop an advanced technology and then give it away.
So my question is what sort of auditing will the NPTB have in place regarding to make sure that 1) you're fully spending your project money on projects, and 2) that the highest rates originally available for Zim are reserved for family and personal use? Do you think the money can/will be segregated to represent personal and projects? If you only live a couple of years and your project is not fully developed, then will the project money be taken away from the trust? What if one of the hidden patents that are supposed to be disclosed makes my technology obsolete? Do the project funds get pulled? Will my team have to regroup and work on something else? Is there a time window?
I've never entered a business deal without checks and balances. Do you have any idea what is planned?