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1041  Economy / Securities / Re: [RETURN] Announcing CoinReturn Financial IPO! on: April 20, 2014, 10:16:13 AM
Other projects are offering their shares by demand in blocks

like

0.0025   5000
0.00275  5000
0.00300  5000
0.003125 5000

or
0.0005 500000
0.0006 100000
0.0007 100000
0.0008 100000
0.0009 100000
0.001  100000

-so they increased their shareprice
-giving to the investor an idea of ipo share price (like median is between 0.00275 and 0.003125)

Your system might work too. Just make clear, what your way is and stick to it. Sorry to offend you by highlightnend and bold letters. I am sure your intentions are good.



1042  Economy / Securities / Re: [RETURN] Announcing CoinReturn Financial IPO! on: April 20, 2014, 09:52:18 AM

We'll comment more after the holiday weekend but we're growing a bit concerned as well. There are only 250 bids at >.006btc and we just saw that .10btc buy order which is truly absurd---we have a hard time believing that this is purely legitimate demand and not someone trying to manipulate the price for their own gain. (for anyone interested in looking at the orderbook: https://cryptostocks.com/api/get_orderbook.xml?ticker=return )
 We haven't even put in the formula/alorgithm yet, we've still been doing 200 every other day.... which we thought seemed like on the high end of qty of shares to be offering. Normally that pushes the price back down to close to .006 or should at least keep it from going like this. Yes the demand is certainly going up but these numbers just don't add up. If two people with 150 shares decide to sell at market then the price is going to come crashing down fast since there isn't really any support for these prices (hence why we suspect manipulation)
We'd like to avoid re-enabling the IPO since it basically "traps" shareholders and doesn't let the market set the price and give shareholders a chance to profit if they don't want to or can't wait for dividends. Given the circumstances we might have to do that or either offer a large chunk of shares to fend off the manipulation. We might try one then the other but we're going to be doing it shortly so please don't be alarmed if the IPO goes back on or if a large number of shares goes on the book at .006btc. This post is going to serve as advanced notice that we may offer more shares or temporarily re-enable IPO soon, we'd prefer to give better notice but we need to act quickly. Hopefully just our announcing our intention is enough to put the price back to reality.

We're glad to see so much interest right away from shareholders and that there is more concern for the long-term health than being happy to make a quick buck. Sorry we can't offer post-by-post replies and if this post is a bit all over the place but we're figuring out what action to take and (hopefully) still enjoy the holiday weekend.


Now its getting even more confusing.

So what is your market-price ipo-share price? What price do I have to pay, not to lose money, by price falling under ipo-price?

is it 0.007?

0.006
Huh??  Huh Huh Huh
or is it 0.008

Today it was 0.008
yesterday 0.0077
and tomorrow ??

Guys, I just dont want lose money. And this looks like the perfect way of losing alot. Today i will buy ipo share for 0.008 and tomorrow its 0.007

What about all this guys buying market-price ipo-shares for 0.008 or 0.007, when you saying you are going to restablish the real 0.006 ipo-price next week? From 0.008 to 0.006 thats 30 % LOSS

Best Luck in finding people, who cant count  Shocked Roll Eyes  there are alot of them  Undecided


1043  Economy / Securities / Re: [RETURN] Announcing CoinReturn Financial IPO! on: April 19, 2014, 03:35:46 PM
can you explain on that example your algorythm please. How many shares will be sold and for which price. Whats about the bids from 0.007501 down to 0.0060 what cant be seen?

Buy orders (BTC)
Price   Quantity   Amount
0.008001   1   0.008001
0.008000   1   0.008000
0.007800   7   0.054600
0.007700   286   2.202200
0.007621   41   0.312461
0.007620   5   0.038100
0.007531   8   0.060248
0.007510   2   0.015020
0.007505   4   0.030020
0.007501   10   0.075010
1044  Economy / Securities / Re: [RETURN] Announcing CoinReturn Financial IPO! on: April 19, 2014, 03:19:42 PM
Update:

tl;dr
We're going to move from offering 100 shares/day to offering shares based on how much demand is out there.




Very confusing everything  Sad Cant you make the IPO like all the others? So you are in IPO but you dont sell shares directly for a certain price. Are you going to sell your shares, lets say for 0.006 in the future or continue on the basis of the higher the bid the more likely you can buy the share. The ask side is about 30 % higher than the bid side, the spread is enormous, even for cryptostocks.

I would really like to understand, what you are doing guys.


Was trying to buy shares the two last time, but I did not succeed. I still dont understand your system. Does anyone understand the algorythm? For me its like a lottery: make a high bid but not to high... and there are bids with up to 100 shares coming and disappearing.  Huh Its like someone buying 100 shares up from the bid side and then selling it like 30 % higher, but how to get the shares? The time of releasing the shares is quiete random or? The amount is random, (like algorythm). So is it more a lotteryscam, by selling them for higher price?


Question to CoinReturn: Is someone of you buying the IPO shares for lets say 0.007 and selling them during the day for 0.009 as you know when they will be released?

And besides that, when the IPO price is 0.006 its a pretty scammy system to sell the IPO shares around 15 % higher as the IPO price  Roll Eyes  Cool Cool


today there were alot of bids like (50 pieces) until 0.00770 and then:

...
0.00771 200
0.00770 100
0.00699 50
...

I was in the 0.0770 bid inside. There were just 10 shares sold from 0.0770. So around 250 shares were sold in total. Why was the demand of 150 shares under 0.0770 to less for the algorythm? There were stil alot sharebids below 0.0699. .... Huh

Can someone explain, please.

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