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1  Bitcoin / Group buys / Re: ### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### on: February 24, 2014, 04:20:16 PM
Galvin i saw your question in grid's own forum, (i haven't registered there) and you diden't get a good answer there i think. The correct answer is of course if you need the 1 btc you invested back fast and if you bought at the IPOprice 0.000001 then you can just put up a sellorder at 0,000001, there is buyorders for 3,5 million shares(3.5 BTC worth of shares) so it shouldent be any problem for you to get them sold.

If you on the other hand bought at 0.000002(or if you hope to make 1 btc profit and bought at 0.000001) you need keep your sellorder at 0.000002 wait until as many stocks have been bought from the sellorders that equals the amount that was put up at 0.000002 btc before your sellorder, then buy's at 0.000002 start eating into your sellorders.

As soon as the miners arrive and start generating btc's it should go pretty fast i suspect to tear down orders at 0.000002 and quite a bit up.
Another option for galvin might be to sell his shares over the counter (bulletin board trading) for 1.5 satoshi (or some other fractional amount).  Obviously there is some risk to not using the exchange.  Given the number of trades at 2 satoshi, I bet he could find quite a bit of interest at 1.5 satoshi and skip the line to sell at 2 and still make a nice profit.
2  Bitcoin / Group buys / Re: ### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### on: February 20, 2014, 03:21:18 PM
Why was the IPO offer price chosen as 0.000001?  In order to purchase post IPO, it's a minimum double of the IPO price (0.000002).  Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.

You can also put in a BUY order at .000001 and buy shares from people who want to sell their shares.

I think everyone is missing my point.  Since the smallest unit of value on the exchange is 0.000001, the granularity of share pricing is far too high.  I'd pay 0.00000125 for 100,000 shares but the exchange doesn't give me that option.

If 1/100 of the shares had been IPO'd at 0.0001, I would be able to enter a buy at 0.000125 for 1,000 shares and have the same equivalent value.
Here's the technical term for what I am referring to:
http://en.wikipedia.org/wiki/Tick_size
3  Bitcoin / Group buys / Re: ### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### on: February 20, 2014, 03:08:23 PM
Why was the IPO offer price chosen as 0.000001?  In order to purchase post IPO, it's a minimum double of the IPO price (0.000002).  Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.

You can also put in a BUY order at .000001 and buy shares from people who want to sell their shares.

I think everyone is missing my point.  Since the smallest unit of value on the exchange is 0.000001, the granularity of share pricing is far too high.  I'd pay 0.00000125 for 100,000 shares but the exchange doesn't give me that option.

If 1/100 of the shares had been IPO'd at 0.0001, I would be able to enter a buy at 0.000125 for 1,000 shares and have the same equivalent value.
4  Bitcoin / Group buys / Re: ### GRIDSEED Group-Buy Shares - Forum Added for Buyers ### on: February 19, 2014, 10:52:44 PM
Why was the IPO offer price chosen as 0.000001?  In order to purchase post IPO, it's a minimum double of the IPO price (0.000002).  Supposing the IPO purchased the Gridseed device for $180, post IPO one now needs to pay a minimum of $360 for the device.

If the offer price was 0.0001, a post IPO purchaser could offer 0.000101 or $181.80 using example above.
5  Other / Beginners & Help / Re: First Post on: November 13, 2013, 04:39:45 PM
I'm posting to fulfill the posting requirements for newbies on this board. I would really love access to the rest of the boards as I am a shareholder in a few mining companies etc. and one of the issuers has done a runner. There are a bunch of people in the thread in question that are organising the remains of the asset and I would love to be involved. At least to have some chance to get some bitcoin back (very slim).

Don't have much more to add, I've lurked around these forums for long enough, never had much reason to post until now. Actually I had no idea how long I was supposed to wait until being granted posting priviliges, I've only just read up on it.

Have you been able to enable PM's yet?
6  Other / Beginners & Help / Re: First Post on: November 13, 2013, 03:51:16 PM
I'm posting to fulfill the posting requirements for newbies on this board. I would really love access to the rest of the boards as I am a shareholder in a few mining companies etc. and one of the issuers has done a runner. There are a bunch of people in the thread in question that are organising the remains of the asset and I would love to be involved. At least to have some chance to get some bitcoin back (very slim).

Don't have much more to add, I've lurked around these forums for long enough, never had much reason to post until now. Actually I had no idea how long I was supposed to wait until being granted posting priviliges, I've only just read up on it.

I think we are investors in the same company... And I  have the same problem.
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