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How did 10% of my shares get sold when I only put 2% for sale? (Little Upsilon)

Topics: Problems: How did 10% of my shares get sold when I only put 2% for sale? (Little Upsilon)

hawkal274 (Little Upsilon)

Wednesday, March 7, 2012 - 03:27 am Click here to edit this post
I put 2 million of the 100 million shares I owned in a state corp for an IPO (2%) the shares have been split a few times and now there are 1.6 billion shares of which I own 90% of.

How come 8% of my shares were sold when I didn't put them on the market?

Gothamloki (Little Upsilon)

Wednesday, March 7, 2012 - 01:14 pm Click here to edit this post
On your "Shares" page you'll see a link near top that reads "country portfolio targets"... click that link... here you'll see the percent of the corps' shares you want the country to hold on to. For some reason, the default value is 85%. So you must immediately go to this page after IPOing and set the percent to 98% if you only want that original 2% to be sold... otherwise, your country will sell a certain percent of shares each month until it reaches 85%.

If you set these back to 98%, your country will try to buy those shares back... may take a while though.

hawkal274 (Little Upsilon)

Wednesday, March 7, 2012 - 04:46 pm Click here to edit this post
Okay, thank you Gothamloki.


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