Well the mini-rig is finally official - time to accelerate things or keep it private.
I spent part of yesterday thinking over how things have worked on GLBSE. An equity's price is often based on a multiple and that really doesn't seem to work here as there aren't quarterly financial statements etc. Most of the equities are paying dividends (weekly) which is more bond like to me. That isn't to say that stocks don't pay dividends, just that the focus of equities would seem to be capital appreciation and bonds consistent dividends.
Is it even possible to move to something more "real world"? The value of the company is the ability to generate a profit and those that generate more profit realize a higher equity price (while also factoring present value of growth opportunities).
I fear this model, call it "real world equities", would struggle on GLBSE as there isn't sufficient volume. Stock and Bond holders are using payback as the primary metric to judge. Could you shift to a model that is more focused on capital appreciation (i.e., the value isn't the dividend as much as the increasing stock price)?
Appreciate comments or thoughts on the structure -- again, focusing (or trying) on differentiation here.
Will never work in this virtual world. Lack of auditing and regulation would be an issue. Perhaps in the long run the free market would weed out those that are legit versus not. I suspect the other offerings out there are as good as we have (for now).