LottoStockMarket Shareholders’ Agreement
Please read carefully before registering for membership in LottoStockMarket and
buying or selling LottoStockMarket shares. This Agreement describes the terms
and conditions applicable to your use of the LottoStockMarket website and
shareholder services. If you do not agree to be bound by the terms and
conditions of this Agreement do not use or access our services.
LottoStockMarket may amend this Agreement at any time by posting the amended terms on the Web Site. Except as stated below, all amended terms shall automatically be effective 30 days after they are initially posted on the Web Site. LottoStockMarket will notify you of any changes in accordance with your Notification Preferences. This Agreement may not be otherwise amended except in writing signed by you and LottoStockMarket. This Agreement is effective upon LottoStockMarket’s acceptance of your registration to become a member shareholder.
The services provided by LottoStockMarket are only available to, and may only be used by, individuals who are legally competent to form binding contracts under applicable law. Without limiting the foregoing, our services are not available to children (persons under the age of 18), or persons who are not members of LottoStockMarket. If you do not qualify for our services, please do not use our Site.
LottoStockMarket Is An Investment Group.
LottoStockMarket is not a Stock Market and is not affiliated with any stock market.
LottoStockMarket is a special lottery pool where members are considered shareholders, member contributions are lotto stock, and lottery winnings are dividends. Although it operates like a stock market by providing potential dividends to its shareholders, LottoStockMarket derives its earnings strictly from using shareholder contributions to play state lotteries.
How LottoStockMarket Investing Works.
LottoStockMarket brings buyers and sellers together to trade lottery-pool shares. Funds from the lottery pool are called LottoStock and are used to play the daily Pick 3-6 games using numbers selected by a proprietary Management Software to ensure consistent success.
Opening an Account.
Any person meeting the eligibility requirements may register with LottoStockMarket to become a member shareholder. Before opening a new account you must first read and accept the Terms and Conditions. A $15.00 non-refundable fee is required. Only legal funds from legal sources may be used to buy shares. Use of credit cards require that the account address and credit card billing address be the same at the time of purchase.
Shares may be purchased on line or by mail at the current share value. The date of share purchase is not the active date of the share. The active share date is the date when LottoStockMarket may use the share amount you have invested to play the lottery; when this occurs the status of your online account will become “active” (fully paid and in trading). Where a member already owns shares, new share purchases will remain frozen until payment is actually collected. At this time the additional shares purchased will become “active.”
You can request LottoStockMarket to sell your shares at any time. You will receive the current share value locked in by LottoStockMarket on the date and time we receive your request. This means that you will stop receiving investment dividends (i.e., lottery winnings) on the shares you are selling on the date and time we receive your request.
Closing or Canceling Your Account.
You may discontinue your membership in LottoStockMarket at any time. When this occurs LottoStockMarket will immediately close and cancel your account. This means you will not receive any future dividends from LottoStockMarket investments after this date and time.
Distributing Small Lottery Winnings.
Lottery winnings (less than one million dollars) are divided into four accounts: Investor account, Play account, Backup account and Company account. Each account will get 25% of the winnings. The company account belongs to LottoStockMarket.com, and is used for operational expenses. The other three accounts belong to shareholders.
Distributing Large Lottery Winnings.
When LottoStockMarket makes a successful investment, which results in winning a big lottery valued at one million dollars or more, funds will be distributed as follows:
- LottoStockMarket will submit the names of all eligible shareholders to the appropriate state lottery commission.
- After deducting the applicable federal and state taxes, the state lottery commission will disburse 65% of all lottery winnings, in accordance with LottoStockMarket's distribution plan, to the shareholders in proportion to the number of active shares each shareholder owns.
- LottoStockMarket will receive 25% of the payout to be placed in the company account belonging to LottoStockMarket.com
- LottoStockMarket will receive an additional 10% of the payout to be divided into three equal parts and placed into the shareholders' 'Investor', 'Play,' and 'Backup' accounts. A large payout has the potential to increase the share value and price of Lottostock to an amount that exceeds the established price range of $10 to $20 per share. To prevent this from occurring LottoStockMarket will conduct a stock split to bring the share price within acceptable limits and may increase the number of shares.
- LottoStockMarket will receive portions of the payout belonging to foreign investors and remit them, minus transfer charges, to the shareholders via Western Union.
Paying Taxes and Benefits.
All winnings are subject to applicable tax deductions before being distributed into the
four accounts. LottoStockMarket will use lottery loss receipts in filing taxes and distributing tax refunds, if any, into the four accounts.
Like any investment, playing the lottery through LottoStockMarket carries a risk. We can not guarantee you that LottoStockMarket investments will always be successful. Although there is a possibility that you can lose your investment as a result of sustained lottery loses, there is also a great likelihood that your investments will grow if LottoStockMarket consistently wins.
Shareholder Audits and Verification of LottoStockMarket Activities.
After six months in operation, and annually thereafter, LottoStockMarket will request the services of an independent certified public accounting (CPA) firm to audit all LottoStockMarket investment activities, excluding activities, property, or equipment associated with the exclusive proprietary management software and the Lotto2000 software series. The auditing process will be conducted according to generally accepted accounting practices and shall include verification of old lottery tickets, all accounts (except the company account belonging to LottoStockMarket.com) including all deposits, disbursements, share price calculations, and agents’ activities. A final audit report will be posted on LottoStockMarket.com for all shareholders to review.
LottoStockMarket disclaims all responsibility for any negative publicity or investment effects resulting from adverse auditing reports. Under no circumstances will LottoStockMarket be held legally responsible for any adverse effects except as proved and related to the mishandling of shareholders accounts. If this occurs LottoStockMarket will correct irregular activities or business practices as soon as possible and the extent of the company’s liability will be limited to the amounts specified herein in the section entitled Liability Limits.
Release of Liability.
LottoStockMarket uses several techniques to attempt to verify the accuracy of the information you provide when you register as a shareholder on this Site; however, because user verification on the Internet is difficult, LottoStockMarket cannot and does not confirm each user's purported identity. We are a lottery investment group. In the event that you have a dispute with one or more of our shareholders because of their improper or misidentification, whether intentional or otherwise, you agree to release LottoStockMarket and our officers, directors, agents, subsidiaries, joint ventures and employees from claims, demands and damages (actual and consequential) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes.
Cancellation of Account for Breach of Agreement.
Without limiting other remedies you agree that LottoStockMarket may restrict your activity, issue a warning, temporarily suspend, or permanently cancel your membership and refuse to provide services to you if: (a) you breach this Agreement or the documents it incorporates by reference; (b) we are unable to verify or authenticate any information you provide to us; (c) you commit a fraudulent act related to your participation in or obtaining shareholder profits; or d) we believe that your actions may cause financial loss or legal liability for you, our shareholders or us.
Cancellation of Account for Fraudulent Activities.
Without limiting any other remedies, you agree that LottoStockMarket may temporarily suspend or permanently cancel your account if we suspect that you have engaged in any fraudulent activity in connection with the Web Site or with LottoStockMarket’s lottery investment software and equipment. If our investigation proves that you engaged in fraudulent activity that resulted in you receiving a payout from LottoStockMarket you agree to forfeit all such profits.
WE, THE SHAREHOLDERS OF LOTTOSTOCKMARKET, OUR OFFICERS, DIRECTORS, AND EMPLOYEES PROVIDE OUR WEB SITE AND SERVICES "AS IS" AND WITHOUT ANY WARRANTY OR CONDITION, EXPRESS, IMPLIED OR STATUTORY. WE SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. This warranty gives you specific legal rights. You may have other legal rights that vary from state to state.
IN NO EVENT SHALL LOTTOSTOCKMARKET, OUR OFFICERS, DIRECTORS, AND EMPLOYEES BE LIABLE FOR LOST PROFITS OR FOR ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN CONNECTION WITH OUR SITE, OUR SERVICES, OR THIS AGREEMENT HOWEVER SUCH LOSSES OR DAMAGES MAY OCCUR.
LOTTOSTOCKMARKET’S SOLE RESPONSIBILITY IS TO USE OUR BEST EFFORTS TO GENERATE THE HIGHEST RETURNS FOR YOUR INVESTMENT. IF OUR BEST EFFORTS FAIL, YOU AGREE NOT TO SEEK COMPENSATION IN ANY AMOUNT OR FORM FROM LOTTOSTOCKMARKET.COM.
IN ANY CASE, REGARDLESS OF THE CIRCUMSTANCES UNDER WHICH AN ALLEGED CLAIM OR CAUSE OF ACTION MAY ARISE, LOTTOSTOCKMARKET’S LIABILITY AND THE LIABILITY OF OUR OFFICERS, DIRECTORS, AND EMPLOYEES TO YOU OR ANY THIRD PARTIES IS LIMITED TO THE GREATER OF (A) YOUR INITIAL INVESTMENT EXCLUDING THE NON-REFUNDABLE ACCOUNT PROCESSING FEE OR (B) YOUR INITIAL INVESTMENT, EXCLUDING THE NON-REFUNDABLE ACCOUNT PROCESSING FEE, PLUS ANY DIVIDENDS THAT YOU MAY HAVE EARNED PRIOR TO THE DATE WE RECEIVED YOUR NOTICE OF DISPUTE, GRIEVANCE, OR ACTION FOR DAMAGES.
You agree to indemnify and hold LottoStockMarket.com and (as applicable) our officers, directors, agents, and employees, harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of your breach of this Agreement or the documents it incorporates by reference, or your violation of any law or the rights of a third party.
You agree to comply with all applicable domestic and international laws, statutes, ordinances and regulations regarding your use of our service and participation in the LottoStockMarket investment group.
Except as explicitly stated otherwise, any notices regarding LottoStockMarket.Com shall be given by postal mail to: Volta Information Systems, LottoStock Investments, P O Box 560, Clarkston, GA 30021 (in the case of LottoStockMarket.Com) or to the email address you provide to LottoStockMarket.Com during the registration process (in your case). Notice shall be deemed given 24 hours after email is sent, unless the sending party is notified that the email address is invalid. Alternatively, LottoStockMarket.Com may give you notice by certified mail, postage prepaid and return receipt requested, to the address you provided during the registration process. In such case, notice shall be deemed given 3 days after the date of mailing.
Resolution of Disputes.
In the event a dispute arises between you and LottoStockMarket.Com, our goal is to provide you with a neutral and cost effective means of resolving the dispute quickly. Accordingly, you and LottoStockMarket.Com agree that any claim or controversy at law or equity that arises out of this Agreement or our services shall be resolved through alternative dispute resolution procedures, such as mediation or binding arbitration as an alternative to litigation, or as otherwise mutually agreed upon in writing by the parties. Before resorting to these procedures, LottoStockMarket.Com strongly encourages you to first contact us directly to seek a resolution.
In the case of binding arbitration, you agree the arbitration shall be administered by an established Alternative Dispute Resolution (ADR) provider mutually agreed upon by the parties and conducted in accordance with the rules of the American Arbitration Association. Any judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Such mediation or binding arbitration will be held in Dekalb County, Georgia, or another location mutually agreed upon by the parties.
This Agreement shall be governed in all respects by the laws of the State of Georgia as such laws are applied to agreements entered into and to be performed entirely within Georgia between Georgia residents.
We do not guarantee continuous, uninterrupted or secure access to our services, and operation of the Web Site may be interfered with by numerous factors outside of our control.
any provision of this Agreement is held to be invalid or unenforceable, such
provision shall be struck and the remaining provisions shall be enforced. You
agree that this Agreement and all incorporated agreements may be automatically
assigned by LottoStockMarket.Com in our sole discretion.
Headings are for reference purposes only and in no way define, limit, construe or describe the scope or extent of such section. Our failure to act with respect to a breach by you or others does not waive our right to act with respect to subsequent or similar breaches. This Agreement sets forth the entire understanding and agreement between us with respect to the subject matter hereof.
The services hereunder are offered by Volta Information Systems, LottoStock Investments, located at P O Box 560, Clarkston, GA 30021. Disputes between you and LottoStockMarket.Com regarding our services may be reported to Customer Support by going to http://www.LottoStockMarket.com.
LottoStockMarket takes pride in being a credible and professionally managed lottery investment group. Our mission is to build a reliable and profitable operation that is respected by and beneficial to all shareholders.
I agree to the Terms and Conditions of this Agreement as specifically stated herein and incorporated by reference.
Sign: ___________________ Date___________
Please sign this agreement, make a copy for your records and add it
to your order, or if you opened an account on-line, mail a copy to:
Click here for contact information
Go to Buy Shares to get started with LottoStockMarket.