Would love to move on
Particularly, lets kill the ceiling.
Now, share sales are structured in the contract, so we are going to need to get something really solid figured out, then pass a motion for a contract change.
I would like to get something in place and ready to transition to for when this current bunch of 2500 shares is sold out.
Please give me input, let's get the best structure we can put together.
BAKEWELL could change to fit into a release strategy like mentioned here while still working with our 2500 share increments:
What you need to do is give prices a chance to rise - and the key to that is patience. So here's my suggestion (only a quick sketch of it - as it's 4.00am and I need to head to bed shortly):
Remove further new shares from the market other than sufficient to buy your next rig. Once those have sold, no new ones will be made available immediately.
Let the price adjust itself. If/when that price settles above 0.15 for some significant amount of time then announce that the next block of shares will be made available in a week (or whatever time-scale). That block should be sufficient to buy your next rig (i.e. the cost of it less any portion of mining income reserved for expansion). At the predefined time/date you sell that block into the market at 0.15. Any pre-orders above .15 would of course get filled first. That surplus above 0.15 could be put towards expansion or dividended out to all share-holders post-sale.
How does this help?
1. The price can rise above 0.15. That removes one of the current problems - tha tanyone buying shares KNOWS WITH CERTAINTY that if they ever need to liquidate (in the foreseeable future) they're guaranteed to take a loss doing it (not strictly true for those who bulk-purchased).
2. A lot of investors like the possibility of buying shares in an IPO then selling them afterwards for a profit. At present that's impossible. This gives a window in which profts can be taken.
3. If even a single share sells on issue at above 0.15 then existing investors have gained from it. Rewarding your early investors is always a good idea.
In essence you need to reduce/regulate supply so the market can set a price. If that price happens to be below 0.15 then the simple truth is that you wouldn't have sold much more even if you'd left the Ask-wall up. Already I see some slightly lower asks going up - and that is BOUND to continue if things don't change: as there's nowhere someone who wants to sell can price an ask except below 0.15. What about new investors who would have bought shares if you left the wall up? They'd be buying off current investors at below 0.15 right now - with the wall gone (albeit temproarily) there's at least a cahnce those trades will occur above 0.15. WHich doesn't directly help you sell MORE shares - but at a minimum is more encouraging for current investors.
Let the market show you whether/when there's demand for more shares at 0.15 (or above) - if you see the demand there then fill it. If there's not the demand then the Ask-wall does nothing anyway.
