Hello All,
I really enjoy the discussion you are having on this raffle concept. I may have a few answers for you. I am the person giving away the shop full of equipment. I felt that the engraving community would really enjoy and understand the value of this equipment. I thought about using ebay, but there is no real conection there with people understanding what could be done with this.
The raffle concept is the big hurdle, legal vs not legal, no definate answer here yet. I am in research and discussion, after a good talk with David today, with my accountant. I really hope to get a positive answer so that I may complete this project. The major problem will most likely be state to state issues.
There is a minimum amount of entries required, the reserve if you will.
The money will be held until the winner is announced and has received the equipment. The account will be a double signature withdraw account in my accountants name and most likely an official from my banking institute. This bank will also be the notary public for documentation needed.
The money will also be secure and 100% refundable, at no expense to the entrants, by bond if necissary should the minimum not be met.
My accountant or banking official will be responsible for choosing the winner. I will be notified after the winner is or by the winner. I like suprises too :).
There are many details to complete this project. This is the best place to start the whole thing. I do not need this stuff and just selling it seemed somewhat boring. So why not try something different. Anyway, were well on our way to doing the extremely outrageous.
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