Find answers to your questions below.
Nope, just invest in what you love. We have the permits and handle all the purchases.
Nope, LotStocks partners with existing retailers to distribute the product at retail.
Each Lot has a finite number of shares. It varies depending on the quantity and cost of a Lot.
Any funds pledged to an unsuccessful lot are refunded to your account balance.
If you pledged 10 shares and the Lot is successful you receive 10 shares in your portfolio.
To prevent financial manipulation of our marketplace no single shareholder can own more than 30% of each Lot.
The profit split between you and the retailer varies depending on how quickly the product sells in store. There are three categories.
High Turnover: sells 1-2 or more each day. 10% of the profit
Medium Turnover: sells 1-2 a week. 20% of the profit
Low Turnover: sells 1-2 a month. 30% of the profit
So for example if you back a product for $10.00 and our retailers sell 1 a day for $30 each.
You would receive $2.00 ( of the $20.00 profits ) + your original $10.00 for a total of $12.00 for each share pledged.
Funds in your account balance will automatically be used to fulfill a pledge. If your pledge is greater than the amount in your account balance, a credit or debit card will be required to pay the difference.
Just hit the withdraw button in your portfolio. A member of our support team will contact you shortly to cut you a check. There is a 2% fee for withdrawals.
You can click the “Sell Order” button next to the share to list that share in the exchange. Once a sell order is created, that share is locked until you cancel the sell order.
You can create a buy order directly in the Exchange for any product listed. Once a buy order is created those funds are locked until you cancel the buy order.
From your portfolio page click “Cancel” next to the buy or sell order you wish to remove from the exchange.
LotStocks facilitates the matching of buy and sell orders just like the stock exchange. Without a matching buy order a trade cannot be completed. If a buy order exists and they have not yet sold, your asking price may be too high.