Ratjoy.com » Forums » Suggestions, Technical Support and Feedback » How to fix the scam company loopholes?
You need to register or login to post a reply.
How to fix the scam company loopholes?
|
David Archer RJ: BallC CO: BallC Post Rating: 2 + / - Total Posts: 142 Karma: 135 Joined: Apr 11, 2012 |
Posted on Apr 21, 2012 So a BUNCH of companies are getting IPO'd with no assets and then the owners are bailing when the stock goes up.I propose a fix for this would be to have certain actions perform an automatic appraisal of the company including obtaining a loan, IPO'ing stock, or issuing new stock. There are already fees charged for these actions so the appraisal can just be bundled in to the existing fee structure. Anyone else have good ideas for how to fix this stuff so we don't have a ton of scam companies cluttering up the stock exchange? |
|
Ay Vee RJ: Ay Vee Post Rating: 0 + / - Total Posts: 33 Karma: 29 Joined: Mar 30, 2012 |
Posted on Apr 21, 2012 I like this idea much better than the one being floated in the market discussion forum.
|
|
Scott (Admin) RJ: Ratan Joyce CO: Ratan Joyce Post Rating: 0 + / - Total Posts: 1175 Karma: 5083 Joined: Jan 13, 2012 |
Posted on Apr 21, 2012 perform an automatic appraisal of the company including obtaining a loan, IPO'ing stock, or issuing new stock. <-- that's been done from the start, well, aside from the loan.
|
|
David Archer RJ: BallC CO: BallC Post Rating: 0 + / - Total Posts: 142 Karma: 135 Joined: Apr 11, 2012 |
Posted on Apr 21, 2012 Ok cool, I wasn't sure about the IPO and issuing stock part. Delayed NW calculation with 50% loans is the broken mechanic here. It makes sense that the bank would want to see an appraisal before loaning out a bunch of cash.
|
|
Mister Death RJ: McFlono McFloninoo Post Rating: 0 + / - Total Posts: 266 Karma: 300 Joined: Feb 6, 2012 |
Posted on Apr 21, 2012 I don't play the stock market side, so I ask naively: Is this a scam that a single person can perpetrate, or are they making money off the punters who buy into the IPO? If the latter, the solution is obvious - don't buy the fricken shares.
|
|
Lorenzo Boccaccia RJ: Mon Opoli CO: Mon Opoli Post Rating: 2 + / - Total Posts: 80 Karma: 71 Joined: Apr 10, 2012 |
Posted on Apr 21, 2012 There is a default buy from fake company at ipo day, representing 'the public'After all, there is no such thing as a non owned share: you need a 'public' actor to abstract buying and selling |
|
Lorenzo Boccaccia RJ: Mon Opoli CO: Mon Opoli Post Rating: 2 + / - Total Posts: 80 Karma: 71 Joined: Apr 10, 2012 |
Posted on Apr 21, 2012 So: here are some random ideas, may be used alone or alltogheter and arent that much gameyBase max loan on previous day revenue Add a share market which works like the b2b but with price fixed at +-5% of share value Remove cash from market cap calculation, use equity Add a wait time for building dismantling Use building sale price for market cap and not purchase price Use wholesale value for items added to market cap |
|
Mister Death RJ: McFlono McFloninoo Post Rating: 0 + / - Total Posts: 266 Karma: 300 Joined: Feb 6, 2012 |
Posted on Apr 21, 2012 In real life IPOs can be undersubscribed, no? Unbought shares revert to the chairman. Problem solved.
|
|
Scott (Admin) RJ: Ratan Joyce CO: Ratan Joyce Post Rating: 0 + / - Total Posts: 1175 Karma: 5083 Joined: Jan 13, 2012 |
Posted on Apr 21, 2012 In real life IPOs can be undersubscribed, no? Unbought shares revert to the chairman. Problem solved.That is the plan on the todo list. |
You need to register or login to post a reply.