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Kwint Sommer
Lothian Quay Industries
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Posted - 2008.04.10 14:57:00 -
[31]
Originally by: TheVad
P.S> To prevent ninja bidding, some rules would need to be put in place until you can get something like an eBay like auto bid system where a bidder can auto set lowest bid amounts (in this case interest rates) so that they can auto bid when off line.
Just add a sniper rule, the auction doesn't end until 2 minutes or whatever after the last bid. This can be abused but incidents are pretty rare in my experience.
Purchasing and Shipping Moon Minerals |
Shadarle
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Posted - 2008.04.10 16:28:00 -
[32]
Edited by: Shadarle on 10/04/2008 16:28:43
Originally by: TheVad Summary 10B worth of shares raised at a competitive 5.130% interest rate for all shares. This allows the issuance to obtain the best interest rate for the 10B he needs to raise. It dosent allow everyone who participated to get shares, but rather the individuals who gave the lowest interest rate bid(s) up to the amount needed to be raised.
Excuse me for saying this, but.... Duh?
Everything you've said is exactly the way the system is supposed to work, it is nothing new or confusing...
You obviously cut it off at the point where you've reached the number of shares to sell. You don't sell more shares then you want to sell...
This isn't confusing at all if you understand what is going on. It frankly isn't even confusing if you have large blocks of shares at differing sizes and differing returns. Why? Because you only use one return in the end. You just take a calculator and add up from the bottom (making sure not to count the same person twice). You do this until your calculator reads a number equal to or greater than the number of shares being sold. You stop right there and write down that percentage return.
Why do people think this is confusing? It's pretty darn easy if you have a calculator/spreadsheet... or even just using your head to add the numbers up.
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Arazel Chainfire
KDM Corp Firmus Ixion
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Posted - 2008.04.11 15:02:00 -
[33]
Originally by: Shadarle Edited by: Shadarle on 10/04/2008 16:28:43
Originally by: TheVad Summary 10B worth of shares raised at a competitive 5.130% interest rate for all shares. This allows the issuance to obtain the best interest rate for the 10B he needs to raise. It dosent allow everyone who participated to get shares, but rather the individuals who gave the lowest interest rate bid(s) up to the amount needed to be raised.
Excuse me for saying this, but.... Duh?
Everything you've said is exactly the way the system is supposed to work, it is nothing new or confusing...
You obviously cut it off at the point where you've reached the number of shares to sell. You don't sell more shares then you want to sell...
This isn't confusing at all if you understand what is going on. It frankly isn't even confusing if you have large blocks of shares at differing sizes and differing returns. Why? Because you only use one return in the end. You just take a calculator and add up from the bottom (making sure not to count the same person twice). You do this until your calculator reads a number equal to or greater than the number of shares being sold. You stop right there and write down that percentage return.
Why do people think this is confusing? It's pretty darn easy if you have a calculator/spreadsheet... or even just using your head to add the numbers up.
I don't think the confusing part is the payout... I think the confusing part is figuring out (as an investor) if you're actually going to get any shares or not, or (as the issuance) figuring out the prices that you end up setting.
Yes, I was confused about how this all works. Thanks to those in this thread (especially TheVad with his example). I do not however have a great head for the market.
-Arazel |
Mirirar
Solstice Systems Development Concourse
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Posted - 2008.04.12 03:42:00 -
[34]
This is the method that Google used when it went public.
Who's the Eve equivalent of Google?
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Kwint Sommer
Lothian Quay Industries
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Posted - 2008.04.12 06:47:00 -
[35]
Originally by: Mirirar This is the method that Google used when it went public.
I want to say they used some sort of variation on a Dutch Auction, OpenIPO maybe?
Purchasing and Shipping Moon Minerals |
TheVad
Amarr Metalworks
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Posted - 2008.04.12 17:17:00 -
[36]
Edited by: TheVad on 12/04/2008 17:23:30
Originally by: Kwint Sommer
Originally by: Mirirar This is the method that Google used when it went public.
I want to say they used some sort of variation on a Dutch Auction, OpenIPO maybe?
Yes Google among a few other well known companies have used OpenIPO. OpenIPO is starting to gain traction from the old traditional methods.
Google offering Story http://www.emeraldinsight.com/Insight/viewContentItem.do?contentType=Article&contentId=1650666
Project Manager & Chief Editor| www.eve-bank.net
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