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Simcountry is an Online Digital World where you are the President of a country.
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Chat Log, Jozi Chat, 5th of July

Simcountry: Simcountry Bulletin Board  Chat Log, Jozi Chat, 5th of July

Henry David Thoreau (Fearless Blue)

Tuesday, July 8, 2008 - 07:51 am Click here to edit this post
I've found this forum very informative over the past year. Thought I'd contribute something to an issue which was brought up in various forms multiple times in the chat and later in this thread. Didn't expect so much flak. But, I've got a thick skin, which is better than a thick head (no offense meant to anyone).

I'll try to make my points clearer to anyone interested. I realize that some people have experienced a glitch, bug, in the program, that occasionally causes crazy and bad things to happen when hitting the IPO button. I haven't experienced it myself, have no insight into it, and am simply not addressing or talking about that.

I'm talking about the issue of controlling ownership of the shares when you do an IPO, and specifically when you want to make the corp into a true public corp, with no country or ceo owning more than 25% of the total outstanding shares. ASIDE FROM THE GLITCH, there are still a number of ways one can inadvertently lose control of some shares, and have them bought by investment funds on auto buying. Zetetic mentioned one, the direct sale proposal mentions another. The hardest to work around imo is the threat that funds have already placed buy orders before you get your own buy order in. I stand by the suggestions I made a few posts up. Particularly the value of limit orders (limited price orders). Sell, and buy, at a price slightly higher than the market price, and the funds won't bite. But you have to raise the limit price on each order, because the most recent sale price becomes the new market price. I did a search of the forums and found next to nothing on "limit order" or "limited price" order. It's really a very useful tool. Also have the "send message to confirm share transactions manually" setting on because you can't place a buy order at max % until the previous one is filled.

Direct sale of shares would solve most of these difficulties, and others. Real IPOs are somewhat like direct sales. Large blocks of stocks can be and are traded directly. The big departure from reality of our trading system is that the share price is only marginally affected by supply and demand.

BTW, the numbers I was referring to in my last post are relevant if you are taking the 100% and trying to split it up 25% to your country, 25% to one ceo, and the other 50% to your countries' invst funds. If someone can tell me how to do it in fewer than 15 buy orders I'll offer 10 coins. As I mentioned before, if you want full control it also requires 15 separate limit sell orders. Direct sale wouldn't alleviate this if there is still a 4% limit on fund buy orders. I gather that Treasurer does it in fewer steps by splitting up into friendly ceos. Nice system if that's what it is.

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