> >A share is only a share if it has a 'size' and I cannot know the size just > >from the number of shares that are being offered in the ipo > > > Danny, as we are completely at loggerheads, I think I am starting to > understand your viewpont. > > Lets just say gold is $10 as its easier. TG has issued $400,000 of stock > > Your question -- perfectly reasonable -- is WHAT IS THE VALUATION OF > TGC as a company? > > Am I correct --- essentially what you want to know, is that.
No, that's not the essence What I want to know is plain and simple: after these 400 shares are sold to the public, how many shares will be outstanding. Or in other words, how many shares will be kept in the hands of the current owners. Because usually in an ipo only part of the company is sold to the public. When you buy a share in a company you buy ownership of a certain piece of the company and a corresponding piece of the future earnings stream of that company. Unless you know how many shares will be outstanding , you literally don't know what 'share' you get for your 100 gg : 1/400th or 1/1000th or maybe even 1/100000th...?? The number of shares outstanding is simply an essential piece of information. Also for another reason. If we don't know how many shares are outstanding, it's becomes impossible to verify if they really stop issueing shares after the first 400 are sold to the public. They could simply continue to put in offers on the site , and everybody will think that this are public shareholders trying to sell their stock, while it are the owners themselves cashing in an extra 100 gg for each extra share they can sell. Hope this is clear now. My second question: what rights are they giving to these shares, if any? Will shareholders be able to vote, will they be able to control the company it they own more than 50% ? This too is essential information to determine the value of the share. It is ok to give the public shareholders no rights at all, but than at least it should be stated in the prospectus. My third question: what arrangement is in place if TGC goes bankrupt or decides to stop its activities for whatever reason. Will the shareholders get nothing, or will the assets be sold and divided equally between all shareholders?? Every 'share' worth the name has such arrangements in its company statutes... So it is great: they mention on their site this is how a stock market should work, but actually we are back to the stone age in many aspects. While I am raining on the parade, just a few other remarks. With a float of only 400 shares at a price of $1000 this is going to be an extremely illiquid stock. It would have been far better to issue 400000 shares of 0.1 gg each, so that there can be an alive market in them and it is easy to buy or sell if you want. With only 400 shares , this DBourse is going to be as dead as it can possibly be, and probably a very wide bid/ask spread (20% or more I guess). And last but not least. What is the evidence that 'DBourse.com' is really related to 'thegoldcasino.com', did anybody check? While I don't expect it to be a problem, because probably somebody from TGC would have warned pretty quick, but you never know they may be on a holiday... I mean any crackpot could have put up such a site and claim to be selling shares of TGC for e-gold... and probably get away with a few hundred grams before anybody finds out.. How many people jumped in as soon as they heard they could buy shares of TGC?? But I do like the idea of direct trading of shares using e-gold. I had taught about that before , but considered it too early to launch something like that.. Danny "It doesn't matter 'who' is right, what matters is that the truth is found" --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
