[GLBSE] How does this work?

[Nefario]

first volume is in number of shares, not btc
second volume is ok, value of traded shares

As I said it's just a problem with the label. It's not pretty or anything, but you can still get the data about number of shares traded, even if they're labeled as "BTC". And I'm pretty sure it is solvable in the bitcoincharts platform if properly configured.

and the volume of traded stock is shown with .00 two decimal places as if fractions of shares would be tradeable

IMO fractions of a share should be tradeable on GLBSE.

From a technical standpoint, shares are whole positive numbers, decimals and fractions are not supported.

Nefario.

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[drknow012]

can you clarify something for me please? i've yet to submit an ipo to glbse, so i dont' completely understand how the infrastructure works. if i want to create a profit sharing program with my share holders, i would obviously have to have some kind of financial data to provide to my investors. i know how i would create the financial data, but how do i setup a system to provide a portion of my profits to the investors. do i simply fund the glbse account with bitcoins and the price of the stock will go up? i figured i would simply submit an ipo and figure it out from there, but if you could help me understand it before i do that, it would put me at ease. thx in advance

[Nefario]

can you clarify something for me please? i've yet to submit an ipo to glbse, so i dont' completely understand how the infrastructure works. if i want to create a profit sharing program with my share holders, i would obviously have to have some kind of financial data to provide to my investors. i know how i would create the financial data, but how do i setup a system to provide a portion of my profits to the investors. do i simply fund the glbse account with bitcoins and the price of the stock will go up? i figured i would simply submit an ipo and figure it out from there, but if you could help me understand it before i do that, it would put me at ease. thx in advance

I'm not exactly sure what you're asking.

Are you asking about paying dividends to holders of your security?

[drknow012]

i guess what i'm asking is how basic market principals work. say i have distributed 200 shares. my website generates $100 in one cycle (100 is a nice round number) i want to share $33 dollars to my share holders (33%) so, 200 / 33 = about 6 dollars. how do i increase the value of the shares by 6$ a piece? or am i going about this the wrong way. should i provide dividends instead? if so, how do i adjust the dividend to match the profit sharing percentage (33% of $150, or $200 depending on how much i make in a cycle)

[edd]

i guess what i'm asking is how basic market principals work. say i have distributed 200 shares. my website generates $100 in one cycle (100 is a nice round number) i want to share $33 dollars to my share holders (33%) so, 200 / 33 = about 6 dollars. how do i increase the value of the shares by 6$ a piece? or am i going about this the wrong way. should i provide dividends instead? if so, how do i adjust the dividend to match the profit sharing percentage (33% of $150, or $200 depending on how much i make in a cycle)

Firstly, your math is wrong. $33 split amongst 200 shares is $0.165 per share.
Secondly, you don't determine what the value of your shares is, the market does. Once someone has already purchased shares from you, your options are dividends or offering to buy them back at a higher price.
Third, paying dividends at GLBSE is as easy as entering in the amount to be distributed to shareholders and clicking the "Pay" button from your asset control panel.

[drknow012]

see that's where i was confused. it's not fixed, right? you can pay as much as you want when every you want through dividends? if that's true, then i can post the financial data on the website and issue the dividends based on the data.

[edd]

see that's where i was confused. it's not fixed, right? you can pay as much as you want when every you want through dividends? if that's true, then i can post the financial data on the website and issue the dividends based on the data.

Correct.

[drknow012]

righteous!