A pennysheet is a “Simple Agreement for Future Equity” (SAFE) note issued by Security First International Holdings, Inc. (SCFR).
All PennySheets are convertible into 1,000 shares of SCFR
A PennySheet is assigned to Top Level Domain (TLD) names with the beneficiary being the registered owner of the TLD at the time of conversion.
What is the value of a PennySheet?
A PennySheet is convertible into 1,000 shares of Security First International Holdings, Inc.(OTC:SCFR)
What is a Top-Level Domain (TLD)?
A top-level domain (TLD) is one of the domains at the highest level in the hierarchical Domain Name System of the Internet. The top-level domain names are installed in the root zone of the name space.
What are the restrictions on selling a PennySheet?
There are NO restrictions on selling a PennySheet.
What is a PennySheet worth?
A PennySheet dollar value is calculated as (1,000 X Share Price)
Can you give an example?
Buy 100 PennySheets that is convertible into 100,000 shares of SCFR. Multiply the 100,000 shares by the share price of SCFR and that will be the sheets dollar value. Sell your PennySheet at anytime to anyone on the PennySheet.com exchange.
What does Security First International Holdings, Inc. (SCFR) do?
Security First International Holdings, Inc. is a Holding Company – A holding company is a company that owns other companies‘ outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.
What is a SAFE Note?
A safe is a Simple Agreement for Future Equity. An investor makes a cash investment in a company, but gets company stock at a later date, in connection with a specific event. A safe is not a debt instrument, but is intended to be an alternative to convertible notes that is beneficial for both companies and investors.