Subscribe to this topicForums > SL CapEx Public Forum > Topic: Dumb question
| Apr 5th 2008, 14:14 Arnaud Villota |
Dumb question | |
| Since Bogart posted the rulings a couple of weeks ago I have tried to find info regarding pont 3: "(3) EFFECTIVE IMMEDIATELY SL CAPEX will no longer facilitate private transfers of shares between parties. Such transfer can readily be handled on the public market with any unique settlement discounts or consideration handled privately between parties. We simply do not have the bandwith or resources to manually transfer shares on behalf of third parties." I am assuming (probably wrongly) that the LNL Brokerage house would be an example of the "public market" however I have looked all over on this site and I see no reference as to how I can facilitate a private trade and transfer shares and such. Could someone enlighten me on how I can do this? A link to "Private Trading for Dummies" would even be acceptable. Thanks. |
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| Apr 6th 2008, 23:28 Ima Janitor |
Re: Dumb question | |
| Arnaud what I am getting out of it is this. Instead of me say selling you 100K shares direct them emailing capex to transfer to you, they now want me to put the 100K shares as open sell order on capex and you to go and buy from capex directly now as a public buy order. Lets them make the 3% trade commission on the transfers |
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| Apr 7th 2008, 06:03 Fujiwara Food |
Re: Dumb question | |
| I thought the commission was 2,5%. and you had to pay it for direct transfers as well, I guess. | ||
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| Apr 7th 2008, 09:06 Servme Nakamura |
Re: Dumb question | |
| Private trades also had the commission, so they were getting their share no matter what. I can understand them not having the time or people to dealing with private share transfers. Maybe a higher fee for private transfers could help in that regard? | ||
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| Apr 8th 2008, 15:35 Arnaud Villota |
Re: Dumb question | |
| Thanks for the info guys. Maybe I am being dense then. Let's say that ImA and I work out a deal where I will pay him .80/share for Mech (no offense ImA!). So he would put 100K share on the open market for .80, I would have no chance in hell grabbing the 100K because someone else is going to grab it as soon it is offered. The flip side is also true. Let's say MECH's current price is .90 but ImA and I have made a deal for me to buy 100K at 1.03. I would have to plow through alot of shares to get to ImA's 100K which I wouldn't want to do. I wouldn't have enough money to buy his shares at 1.03. So I guess this is where I am confused. I guess the main question is, how do we insure that the money/shares get to the proper parties in a private transaction. As in craps there are a lot of side bets. Maybe CAPEX should open a private trading arena to handle the stock trading "side bets". That would be close to a pure market. If they wish to take a little bit higher cut then that would be their perogative. Thanks. |
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| Apr 9th 2008, 19:04 Guardian Market |
Re: Dumb question | |
| You could always do the transaction at the market price and then have one party pay the other to get the difference. Example: Say you agreed to buy 100k MECH at 1.00 but it was trading at 0.90. ImA places 100K MECH for sale at 0.90, you buy it for 90,000, and they pay ImA 10,000 cash on top of it (in-world) thus making your cost 1.00. |
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| Apr 10th 2008, 01:30 Gumby Roffo |
Re: Dumb question | |
| OH I like that idea Guardian.. it would work well, if you could actually trade them at all.. | ||
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