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Author Topic: [GLBSE] UDN (UnderDog Network) - any info? (-unofficial-)  (Read 1397 times)
Francesco (OP)
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July 21, 2012, 12:44:45 PM
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Shares of UDN https://glbse.com/asset/view/UDN are now available at bargain prices compared to dividends, but I can not see a related topic on the forum.

Anyone knows who they are? Can they be trusted? And if yes, why the price is so low?
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macboy80
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July 21, 2012, 07:04:23 PM
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Shares of UDN https://glbse.com/asset/view/UDN are now available at bargain prices compared to dividends, but I can not see a related topic on the forum.

Anyone knows who they are? Can they be trusted? And if yes, why the price is so low?

From the contract on GLBSE:

Quote from: UDN contract on GLBSE
Long Term Goal - - UDN will slowly buy back the shares that are for sell, by doing this the MHs will increase for everyone. Wink

This may be why the share price is so low...
Francesco (OP)
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July 21, 2012, 07:34:39 PM
 #3

Shares of UDN https://glbse.com/asset/view/UDN are now available at bargain prices compared to dividends, but I can not see a related topic on the forum.

Anyone knows who they are? Can they be trusted? And if yes, why the price is so low?

From the contract on GLBSE:

Quote from: UDN contract on GLBSE
Long Term Goal - - UDN will slowly buy back the shares that are for sell, by doing this the MHs will increase for everyone. Wink

This may be why the share price is so low...

I guess your reasoning is more deep than I can grasp. Could you please explain me how in the world buying back shares can drive their price down?
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July 21, 2012, 08:07:30 PM
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why do you think it is at bargain prices? They pay dividends every second Monday. Dividends are around 1.6% weekly (based on lowest ask currently, which is 0.11999)
Francesco (OP)
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July 21, 2012, 08:25:43 PM
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why do you think it is at bargain prices? They pay dividends every second Monday. Dividends are around 1.6% weekly (based on lowest ask currently, which is 0.11999)

You're right, that's what they said. But I looked at dividend history, and it seems they pay every week (there were dividends on 02 - 09 -16...) ... buy yes it makes me wonder: will next monday see a dividend Huh Thanks for pointing out.
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