WO2011002431A1 - Method of increasing the sale value of the equity of a business entity - Google Patents
Method of increasing the sale value of the equity of a business entity Download PDFInfo
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- WO2011002431A1 WO2011002431A1 PCT/US2009/003905 US2009003905W WO2011002431A1 WO 2011002431 A1 WO2011002431 A1 WO 2011002431A1 US 2009003905 W US2009003905 W US 2009003905W WO 2011002431 A1 WO2011002431 A1 WO 2011002431A1
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Abstract
A business entity or investment entity increases the sale value of its own equity by forming a new hybrid investment unit that includes the combination of a debt instrument and the equity share. The hybrid investment unit prevents the exchange from artificially reducing the equity in the unit because the debt in the unit pays interest and principal instead of dividends. The hybrid investment unit can help prevent a hostile takeover of the corporation that utilizes the hybrid investment unit. The debt instrument can pay assignable interest payments to different parties or individuals. The debt instrument pays interest that is tax deductible to the business entity or investment entity and is not subject to the double taxation of dividends.
Description
TITLE OF INVENTION
METHOD OF INCREASING THE SALE VALUE OF THE EQUITY OF A BUSINESS ENTITY
RFERENCES CITED:
U.S. PATENT DOCUMENTS:
6,381,585 Bl 04/30/2002 Maples et al. 705/36
7,096,195 Bl 08/22/2006 Maples 705/36
FOREIGN PATENT DOCUMENTS:
PCT/US99/17242 07/29/1999 Maples G06F 17/60
FEDERALLY SPONSERED RESEARCH AND DEVELOPMENT
Not Applicable
OTHER PUBLICATIONS:
U.S. Tax Code-Sec. 1273 (c) (2) - 7/18/1984
U.S. Tax Code-Sec. 385-Amended 12/19/1989
U.S. Tax Code-Sec. 163 - 8/16/1954
U.S. Tax Code-Sec. 149 (a) (3) -10/24/1986
U.S. Tax Code-Sec. 243 (a)-8/16/1954
Universal Casting Corporation V. Commissioner of Internal Revenue 37 T.C. 107
1961 US Tax Court Decision Oct.31, 1961 by Mulroney.
Registration under the Securities Act Of 1933
Trust Indenture Act of 1939 Sec. 302
Trust Indenture Act of 1939 Sec. 304
Trust Indenture Act of 1930 Sec. 305
InvestorWords.com Ex-Dividend Date Definition
Trust and Asset Management Handbook Sec.750 Introduction to Corporate Trust July
2001
What is a dividend? Posted by Blain Reinkensmeyer April 12, 2007
Fidelity Reorganizes; Move May Eliminate U.S. Taxes by Miles Weiss November 2, 2007
Nearly All Major Countries Provide Dividend Tax Relief by Chris Edwards January 7,
2003
Dividend Taxation; U.S. Has the Second Highest Rate by Chris Edwards January 17, 2003
STATEMENT REGARDING FEDERALLY SPONSORED RESEARCH OR DEVELOPMENT
Not Applicable
BACKGROUND - FIELD OF INVENTION
This invention relates to the field of financial securities, investment banking, tax law, stock exchanges and securities law.
BACKGROUND - DISCUSSION OF PRIOR ART
[0001] Corporations look for ways to increase or maintain their stock value because it is their market value. The stock value is not just valuable to the corporation when it is first sold to the shareholders but the continued value of the stock is also important to the
corporation. The higher a corporation's stock value, the less likely that another corporation will be able to afford to buy the stock in any unfriendly take over. The value of the outstanding stock determines the value of any new shares to be sold or traded. The more valuable the outstanding stock the, easier it is to borrow money at lower interest rates. The more valuable the newly sold stock, the more money the corporations receive.
[0002] Paying cash dividends to the stock, and by extension the shareholders, is a proven method of increasing or maintaining the corporation's stock value. However, the fact that the corporation cannot deduct the cash dividend payment from their corporate taxes makes it more difficult to pay these cash dividends. There is also the major problem of stock exchanges deducting the dividend cash amounts from the value or share price of the stock (The applicant has coined the phrase ex-dividend reduction to describe the stock exchanges artificial reduction of the amount of the dividend from the stock price. The action of the stock exchanges is not widely known or discussed and most people are not aware that this occurs). This hurts the corporation's market value and hurts the shareholders property value. Under Sec.243 of the U.S. tax law, dividends paid to a corporation by another corporation are 70% tax free for the corporation receiving the dividend. This benefits corporate takeovers. Despite these problems with paying dividends, corporations still pay cash dividends to shareholders in huge amounts every year because corporations know that paying a dividend helps maintain the stock price.
[0003] Sec. 385 of the U.S. tax code allows for an interest in a corporation to be in part stock and in part indebtedness. To have a single instrument to function as both stock and debt would require that at least one debt instrument is combined or joined with at least one equity instrument. This would create or form a hybrid instrument that would be a single instrument that would function as both stock and debt but they would be functioning as separate instruments within a single unit. Sec. 1273 (c) (2) of the U.S. tax code mentions such a hybrid instrument. The description of the investment unit is very non-specific and states "In the case of any debt instrument and an option, security, or other property issued together as an investment unit-". A security or other property would include stock
or equity. The investment unit disclosed in Sec. 1273 (c) (2) is not specific on how the unit would operate only that any debt instrument and a security (stock) are issued together in an investment unit. Also the issue price of the debt instrument would be the market value of the debt element in the unit. The HyShare invention includes specifications not disclosed in Sec.1273 as will be discussed further in the application.
OBJECTS AND ADVANTAGES
[0004] A) The main objective of the invention is to create a superior investment instrument that investors will prefer to invest in than just ordinary stock or debt.
B) Creates a superior instrument to raise more money for the corporation than ordinary stock.
C) Removes the double taxation for corporations and shareholders.
D) Helps prevent hostile corporate takeovers by eliminating the tax exemption of Sec. 243.
E) Allows a corporation or other business entity to annually pay cash to shareholders or unit holders without a stock exchange deducting the amount equal to the cash amount from the share price that maintains business entity's market value.
H) Allows the shareholder to receive cash from a corporation or other business entity without a stock exchange deducting the amount equal to the cash amount from the share price that eliminates the devaluation of the shareholder's property.
I) Gives shareholders cash return on investment within the first year of owning stock. J) Allows the shareholder of record to receive the payment of the principal tax free to the shareholder of record if the initial shareholder paid money or property for the debt instrument element in the investment unit.
SUMMARY OF INVENTION
[0005] The invention has been engineered to aid a corporation or investment entity in raising more money than can be accomplished by selling a pure equity instrument. The
new hybrid investment unit has all the benefits of equity ownership and adds the benefits of debt. The first benefit is that the corporation or investment entity can pay interest that is not subject to double taxation. The second benefit is that by paying interest or principal instead of dividends, the stock exchange does not reduce the equity price by the amount of money paid out. The third benefit is to help prevent corporate takeovers aided by Sec. 243 dividend tax exemption. The debt instrument and the equity will be issued together and can be traded together or separated later.
DETAILED DESCRIPTION OF INVENTION
[0006] A business entity forms a hybrid investment unit that includes a debt instrument and a share of equity or stock. The business entity or corporation issues a written unconditional promise to pay a sum certain in money on a specified date (principal) and to pay interest until the sum certain in money is paid. The debt instrument and the share of stock are joined together in this investment unit by several methods.
[0007] The preferred embodiment is the business entity or corporation transfers in writing the right to the principal and interest of the debt instrument to the share of stock. In this mechanism the rights to the debt instrument are stapled or coupled, in writing, to the stock to form the investment unit. The rights to the debt instrument will be issued to the stock because the stock must be owned and could eventually be the only surviving element since the debt will mature. These rights are sold with the stock but the investor may be allowed to separate the debt instrument from the share of stock at a later date. The bond principal amount multiplied by the number of bonds will be placed on the debit side of the corporation's balance sheet as debt. (Using a bank certificate of deposit would not put debt on the balance sheet.) The debt instrument can be joined to the stock in any ratio but one debt instrument to one share of stock is the best. This 1:1 ratio forms the encapsulated investment unit that operates a more simplified example. The interest rate can be from .01% and higher. The best rate would be about 100%. The HyShare investment unit can pay a high yield and still have a term longer than 5 years if the corporation receives full
consideration for the debt. The corporation registers with the Securities and Exchange Commission, or a foreign equivalent providing a fall disclosure of how the debt instrument and the share of stock are issued together in the hybrid investment unit. Using a bank certificate of deposit may render such registration unnecessary. The debt element is book entry bond that transfers the right of the principal and interest on the debt element to the shareholder of record. If the debt element aggregate principal amount is $10,000,000 or more the Securities and Exchange Commission will require there be an Indenture Trustee. Using a bank certificate of deposit could eliminate the need for an Indenture Trustee. The Indenture Trustee or the foreign equivalent is to be responsible for making the proper transference of rights from the debt element to the shareholder of record of the equity element in the HyShare investment unit. The Indenture Trustee, or the foreign equivalent, that is entrusted with this transference and will receive a list of the
shareholders of record for the ex-interest dates and for the ex-principal dates from a stock transfer agent. The list will include the number of the HyShare investment units each one owns. The Indenture Trustee or the foreign equivalent will make the appropriate calculations and pay the appropriate people or entities the correct amount of money. The Indenture Trustee or the foreign equivalent monitors the debt element default provisions in the written agreement or rights transfer. The Indenture Trustee or the foreign equivalents performs these duties and others outlined in the Introduction to Corporate Trust reference. This includes preparing and issuing checks for payment of interest or principal. The equity share is listed and traded on a stock exchange. The rights of the debt instrument are traded with the equity share. The Indenture Trustee transfers the right to the interest of the debt instrument included in the investment unit whenever the share of equity ownership is transferred to a new shareholder of record. The ex-interest day arrives and the owner of the equity at the beginning of trading that day included in the new investment unit of the corporation is the shareholder of record entitled to the interest payment. The equity price is not reduced artificially by the stock exchange. The market determines what the equity price is on the ex-interest date.
[0008] The corporation deducts the aggregate interest amount from the corporation's
annual income and this reduces the corporate income tax the corporation must pay. The principal payment can be made anytime because the corporation does reserve the right to redeem the debt instrument earlier than the specified maturity date. Typically, the life or term of the bond or debt can be as long as thirty years. The best interest rate is one that is high around 100% but can be higher or lower.
[0009] The investment unit can contain more than two instruments. Options, other securities, properties and rights can be in the investment unit along with the debt and equity. There can also be more than one debt instrument or more than one equity instrument included in the new hybrid investment unit. The investment unit can pay fixed interest, variable interest, assignable interest, stripped interest, multiple interest rates or interest streams and zero coupon interest.
[0010] The debt instrument can be issued to the outstanding equity of an investment entity or pass through entity. Even though a pass through entity is not subject to double taxation on dividends that are paid out there is often no guaranteed payment for investors. A debt instrument joined to the equity of these entities would provide a guaranteed and set payment for the investors of these entities.
[0012] Accordingly, the scope of the invention should not be limited by the
embodiment(s), ramification(s), or example(s) illustrated, but encompassed by the appended claims and their legal equivalents.
Claims
1. A method of increasing the sale value or trade value of equity of a business entity or investment entity by forming an investment unit that includes a division or divisions of equity of said business entity or investment entity and any debt instrument, whereby said business entity or investment entity discloses in writing the specifications of the operation of said investment unit of said business entity or investment entity that includes said division or divisions of equity and said any debt instrument; said business entity or investment entity forms the principal of said any debt instrument by conveying or issuing a written unconditional promise to pay a sum certain in money on or before a specified date, said business entity or investment entity states in writing that interest will accrue or be paid until the principal is paid, said business entity or investment entity sells or trades said any debt instrument and said division or divisions of equity of said business entity or investment entity together in said investment unit, said business entity or investment entity discloses in writing the specifications of the operation of said investment unit of said business entity or investment entity that includes said division or divisions of equity and said any debt instrument, said business entity or investment entity receives consideration in money or property from said initial shareholder of record of said division or divisions of equity included in said investment unit of said business entity or investment entity in exchange for said written unconditional promise to pay said sum certain in money on or before said specified date that forms the principal of said any debt instrument included in said any investment unit of said business entity or investment entity, said business entity or investment entity pays or accrues interest from said any debt instrument included in said investment unit of said business entity or investment entity to the shareholder of record of said division or divisions of equity included in said investment unit of said business entity or investment entity.
2. A method of increasing the sale value of equity of a business entity or investment entity by forming an investment unit that includes a division or divisions of equity of said business entity and any debt instrument, whereby the transference of the rights to both the principal of, and the stated interest on said debt instrument is entrusted to an entity other than said business entity or investment entity; said business entity or investment entity forms the principal of said any debt instrument by conveying or issuing a written unconditional promise to pay a sum certain in money on or before a specified date, said business entity or investment entity states in writing that interest will accrue or be paid until the principal is paid and this forms said any debt instrument, said business entity or investment entity sells or trades said any debt instrument and said division or divisions of equity of said business entity together in said investment unit, a different entity other than said business or investment entity is entrusted with the transference of the rights to both the principal of, and the stated interest on said any debt instrument included in said investment unit of said business entity, said different entity is responsible for transferring the rights of both the principal of, and the stated interest on said any debt instrument included in said investment unit of said business entity or investment entity to the owner of record of said division or divisions of equity included in said investment unit of said business entity or investment entity.
3. A method of paying cash to the owner of record of a division or divisions of equity of a business entity or investment entity that is traded on an exchange and said exchange does not deduct the cash amount from the value or price of said division or divisions equity of said business entity or investment entity; said business entity or investment entity forms the principal of said any debt instrument by conveying or issuing said written unconditional promise to pay a sum certain in money on or before a specified date, said business entity or investment entity states in writing that interest will accrue or be paid until the principal is paid on and this forms said any debt instrument, said business entity sells or trades said any debt instrument and said division or divisions of equity of said business entity together in said investment unit, said division or divisions of equity of said business entity or investment entity is traded on said exchange, said business entity or investment entity pays the interest or the principal from said any debt instrument in said investment unit of said business entity or investment entity to the owner of record of said division or divisions of equity in said investment unit of said business entity or investment entity, said exchange does not deduct the amount of the principal or the amount of interest paid to the owner of record of said division or divisions of equity included in said investment unit of said business entity or investment entity from the value or price of said division or divisions of equity in said investment unit of said business entity or investment entity.
4. The method of claim 1. comprising said business entity or investment entity prohibiting said any debt instrument from being sold or traded separate from said equity of said business entity or investment entity included in said investment unit.
5. The method of claim 2. comprising said business entity or investment entity prohibiting said any debt instrument from being sold or traded separate from said equity of said business entity or investment entity included in said investment unit.
6. The method of claim 3. comprising said business entity or investment entity prohibiting said any debt instrument from being sold or traded separate from said equity of said business entity or investment entity included in said investment unit.
7. The method of claim 1. comprising said any debt instrument included in said investment unit of said business entity or investment entity that pays at least two different interest rates or interest streams or having interest payments that are assignable to different individuals, parties or entities.
8. The method of claim 2. comprising said any debt instrument included in said investment unit of said business entity or investment entity that pays at least two different interest rates or interest streams or having interest payments that are assignable to different individuals, parties or entities.
9. The method of claim 3. comprising said any debt instrument included in said investment unit of said business entity or investment entity that pays at least two different interest rates or interest streams or having interest payments that are assignable to different individuals, parties or entities.
10. The method of claim 1. comprising said business entity or investment entity issuing the rights of said any debt instrument to outstanding division or divisions of equity of said business entity or investment entity.
11. The method of claim 2. comprising said business entity or investment entity issuing the rights of said any debt instrument to outstanding division or divisions of equity of said business entity or investment entity.
12. The method of claim 3. comprising said business entity or investment entity issuing the rights of said any debt instrument to outstanding division or divisions of equity of said business entity or investment entity.
13. The method of claim 1. comprising registering said any debt instrument and said division or divisions of equity of said business entity or investment entity as separate elements within said investment unit with the U.S. Securities and Exchange Commission or the foreign equivalent.
14. The method of claim 2. comprising registering said any debt instrument and said division of divisions of equity of said business entity or investment entity as separate elements within said investment unit with the U.S. Securities and Exchange Commission or the foreign equivalent.
15. The method of claim 1. comprising said investment unit that includes said any debt instrument and said division or divisions of equity of said business entity or investment entity, whereby said investment unit additionally includes at least one option, security, right or any property that forms a different investment unit with at least three or more different elements combined into said different investment unit.
16. The method of claim 1. comprising said business entity or investment entity allowing said any debt instrument to be sold or traded separate from said division or divisions equity of said business entity or investment entity included in said investment unit.
17. The method of claim 2. comprising said business entity or investment entity allowing said any debt instrument to be sold or traded separate from said division or divisions of equity of said business entity or investment entity included in said investment unit.
18. The method of claim 3. comprising said business entity or investment entity allowing said any debt instrument to be sold or traded separate from said division or divisions of equity of said business entity or investment entity included in said investment unit.
19. The method of claim 1. comprising using a computer to, calculate the interest payment to the owner of said investment unit, sell or trade said investment unit, list said investment unit on any trading exchange, disclose information on the operation of said investment unit, change names of ownership of said investment unit, transfer ownership of said investment unit, transfer or temporarily assign the right to the interest from said investment unit, store information on the operation of said investment unit, or transfer the right to the principal of said any debt instrument included in said investment unit.
20. The method of claim 2. comprising using a computer to, calculate the interest payment from said investment unit, sell or trade said investment unit, list said investment unit on any trading exchange, disclose information on the operation of said investment unit, change names of ownership of said investment unit, transfer ownership of said investment unit, transfer or temporarily assign the right to the interest from said investment unit, store information on the operation of said investment unit, or transfer the right to the principal of said any debt instrument included in said investment unit.
21. The method of claim 3. comprising using a computer to, calculate the interest payment to the owner of said investment unit, sell or trade said investment unit, list said investment unit on any trading exchange, disclose information on the operation of said investment unit, change names of ownership of said investment unit, transfer ownership of said investment unit, transfer or temporarily assign the right to the interest from said investment unit, store information on the operation of said investment unit, or transfer the right to the principal of said any debt instrument included in said investment unit.
22. A method of increasing the value of the equity of a business entity or investment entity by forming an investment unit that includes a division or divisions of equity of said business entity or investment entity and any debt instrument that are joined together in said investment unit, whereby the principal amount of said any debt instrument is not counted as debt on the financial balance sheet of said business entity or investment entity; said business entity or investment entity acquires said any debt instrument from any entity other than said business entity or investment entity, said any debt instrument of said any entity other than said business entity or investment entity becomes a financial asset that is not counted as said debt on the financial balance sheet of said business entity or investment entity, said business entity or investment entity combines said division or divisions of equity and said any debt instrument of said any entity other than said business or investment entity into an investment unit.
23. A method of increasing the value of the equity of a business entity or investment entity by forming an investment unit that includes a division or divisions of equity of said business entity or investment entity and any debt instrument that are combined together in said investment unit, whereby the principal amount of said any debt instrument is not counted as debt on the financial balance sheet of said business or investment entity; said any debt instrument is a certificate of deposit from any bank or an annuity contract from any insurance company, said business entity or investment entity issues or acquires said any debt instrument from said any bank or any insurance company, said any debt instrument from said any bank or insurance company becomes a financial asset that is not counted as said debt on the financial balance sheet of said business entity or investment entity, said business entity or investment entity combines said division or divisions of equity of said business entity or investment entity with said any debt from said any bank or insurance company into said investment unit.
24. A method of increasing the sale or trade value of equity of a business entity or investment entity by forming an investment unit that includes a division or divisions of equity of said business entity or said investment entity and the interest payment or payments from any debt instrument, whereby the interest payment or payments of said any debt instrument is included in said investment unit not the principal of said any debt instrument; said business entity or investment entity acquires or invests in said any debt instrument from any entity other than said business entity or investment entity and issues the right to the interest payment or payments of said any debt instrument from said any entity other than said business entity or investment entity to said division or divisions of equity of said business entity or investment entity, or said business entity or investment entity that is any bank or any insurance company that issues a bank certificate of deposit of said any bank or issues an annuity contact of said any insurance company and issues the right to the interest payment or payments from said bank certificate of deposit or from said annuity contract to said division or divisions of equity of said business entity or investment entity, said business entity or investment entity combines, in writing, said division or divisions of equity of said business entity or investment entity and the right to the interest payment or payments of said any debt instrument of said any entity other than said business or investment entity into said investment unit, or said business entity or investment entity combines, in writing, said division or divisions of equity and the interest payments of said bank certificate of deposit of said any bank or said annuity contract of said any insurance company into said investment unit. _
25. A method of increasing the sale or trade value of equity of a business entity or investment entity by forming an investment unit that includes any debt instrument and a division or divisions of equity of said business entity or investment entity, whereby said any debt instrument and said division or divisions of equity of said business entity or investment entity are initially sold separate and are joined together in said investment unit; said business entity or investment entity sells or trades said division or divisions of equity of said business entity or investment entity, said any debt instrument is sold or traded by any entity including said business entity or investment entity, said business entity or investment entity issues the right to join said division or divisions of equity of said business entity and said any debt instrument, the owner or owners of said division or divisions of equity of said business entity or investment entity exercises the right to join said division or division of equity of said business entity or said investment entity and said any debt instrument together into said investment unit, said business entity or investment entity states in writing that investment unit has been formed and that the interest will accrue or be paid from said any debt instrument to the owner of said investment unit.
26. The method of claim 1. comprising said business entity or said investment entity continuing to use said division or divisions of equity of said business entity or investment
entity that had previously been included in said investment unit that included said any debt instrument.
27. The method of claim 2. comprising said business entity or said investment entity continuing to use said division or divisions of equity of said business entity or investment entity that had previously been included in said investment unit that included said any debt instrument.
28. The method of claim 3. comprising said business entity or said investment entity continuing to use said division or divisions of equity of said business entity or investment entity that had previously been included in said investment unit that included said any debt instrument.
29. The method of claim 22. comprising said business entity or said investment entity continuing to use said division or divisions of equity of said business entity or investment entity that had previously been included in said investment unit that included said any debt instrument from any entity other than said business entity or investment entity.
30. The method of claim 24. comprising said business entity or said investment entity continuing to use said division or divisions of equity of said business entity or investment entity that had previously been included in said investment unit that included said any debt instrument from any entity other than said business entity or investment entity.
31. The method of claim 25. comprising said business entity or said investment entity continuing to use said division or divisions of equity of said business entity or investment entity that had previously been included in said investment unit that included said any debt instrument.
32. The method of claim 22. comprising said any debt instrument included in said investment unit paying at least two different interest rates or interest streams or entity having interest payments that are assignable to different individuals, parties or entities.
33. The method of claim 24. comprising said any debt instrument included in said investment unit paying at least two different interest rates or interest streams or entity having interest payments that are assignable to different individuals, parties or entities.
34. The method of claim 25. comprising said any debt instrument included in said investment unit paying at least two different interest rates or interest streams or entity having interest payments that are assignable to different individuals, parties or entities.
35. The method of claim 22. comprising said business entity or investment entity issuing the rights of said any debt instrument to outstanding division or divisions of equity of said business entity or investment entity.
36. The method of claim 24. comprising said business entity or investment entity issuing the interest rights of said any debt instrument to outstanding division or divisions of equity of said business entity or investment entity.
37. The method of claim 25. comprising said business entity or investment entity issuing the rights of said any debt instrument to outstanding division or divisions of equity of said business entity or investment entity.
38. The method of claim 22. comprising using a computer to, calculate the interest payment to the owner of said investment unit, sell or trade said investment unit, list said investment unit on any trading exchange, disclose information on the operation of said investment unit, change names of ownership of said investment unit, transfer ownership of said investment unit, transfer or temporarily assign the right to the interest from said investment unit, store information on the operation of said investment unit, or transfer the right to the principal of said any debt instrument included in said investment unit.
39. The method of claim 24. comprising using a computer to, calculate the interest payment to the owner of said investment unit, sell or trade said investment unit, list said investment unit on any trading exchange, disclose information on the operation of said investment unit, change names of ownership of said investment unit, transfer ownership of said investment unit, to transfer or temporarily assign the right to the interest from said investment unit, store information on the operation of said investment unit, or transfer the right to the principal of said any debt instrument included in said investment unit.
40. The method of claim 25. comprising using a computer to, calculate the interest payment to the owner of said investment unit, sell or trade said investment unit, list said investment unit on any trading exchange, disclose information on the operation of said investment unit, change names of ownership of said investment unit, transfer ownership of said investment unit, transfer or temporarily assign the right to the interest from said investment unit, store information on the operation of said investment unit, or transfer the right to the principal of said any debt instrument included in said investment unit.
41. The method of claim 1. comprising another debt instrument that has been exchanged for said any debt instrument included in said investment unit.
42. The method of claim 2. comprising another debt instrument that has been exchanged for said any debt instrument included in said investment unit.
43. The method of claim 3. comprising another debt instrument that has been exchanged for said any debt instrument included in said investment unit.
44. The method of claim 22. comprising another debt instrument that has been exchanged for said any debt instrument included in said investment unit.
45. The method of claim 24. comprising another debt instrument that has been exchanged for said any debt instrument included in said investment unit.
46. The method of claim 25. comprising another debt instrument that has been exchanged for said any debt instrument included in said investment unit.
47. The method of claim 1. comprising said business entity or investment entity selling or trading said division or divisions of equity of said business entity or investment entity together with said any debt instrument that are joined together in any written agreement, whereby said any written agreement links in any way the sale or trade of said any debt instrument to the sale or trade of said any division or divisions of equity of said business entity or investment entity.
48. The method of claim 2. comprising said business entity or investment entity selling or trading said division or divisions of equity of said business entity or investment entity together with said any debt instrument that are joined together in any written agreement, whereby said any written agreement links in any way the sale or trade of said any debt instrument to the sale or trade of said any division or divisions of equity of said business entity or investment entity.
49. The method of claim 22. comprising said business entity or investment entity selling or trading said division or divisions of equity of said business entity or investment entity together with said any debt instrument that are joined together in any written agreement, whereby said any written agreement links in any way the sale or trade of said any debt instrument to the sale or trade of said any division or divisions of equity of said business entity or investment entity.
50. The method of claim 25. comprising said business entity or investment entity selling or trading said division or divisions of equity of said business entity or investment entity together with said any debt instrument that are joined together in any written agreement, whereby said any written agreement links in any way the sale or trade of said any debt instrument to the sale or trade of said any division or divisions of equity of said business entity or investment entity.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| PCT/US2009/003905 WO2011002431A1 (en) | 2009-07-01 | 2009-07-01 | Method of increasing the sale value of the equity of a business entity |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| PCT/US2009/003905 WO2011002431A1 (en) | 2009-07-01 | 2009-07-01 | Method of increasing the sale value of the equity of a business entity |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| WO2011002431A1 true WO2011002431A1 (en) | 2011-01-06 |
Family
ID=43411302
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| PCT/US2009/003905 WO2011002431A1 (en) | 2009-07-01 | 2009-07-01 | Method of increasing the sale value of the equity of a business entity |
Country Status (1)
| Country | Link |
|---|---|
| WO (1) | WO2011002431A1 (en) |
Citations (4)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US6397196B1 (en) * | 1999-08-30 | 2002-05-28 | Steven Kravetz | Hybrid installment loan/savings account |
| US20050091150A1 (en) * | 2003-10-27 | 2005-04-28 | Woeber Andrew K. | Combination debt/equity units |
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|---|---|---|---|---|
| US7096195B1 (en) * | 1998-05-04 | 2006-08-22 | Durham Russell Maples | Method for enhancing the equity of a business entity |
| US6397196B1 (en) * | 1999-08-30 | 2002-05-28 | Steven Kravetz | Hybrid installment loan/savings account |
| US7389261B1 (en) * | 2001-06-29 | 2008-06-17 | Goldman Sachs & Co. | Method for structuring a debt issue utilizing a closed block business entity |
| US20050091150A1 (en) * | 2003-10-27 | 2005-04-28 | Woeber Andrew K. | Combination debt/equity units |
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