Simcountry
Forum General Option to mass sell share in public corps we own. (Fearless Blue)

Option to mass sell share in public corps we own. (Fearless Blue)

Q
Quetzalcoatl (Fearless Blue)
11 Jul 2011 07:16 Link
At the present time there is no form of mass selling of public shares in companies we own.
I propose a page for both a country and an enterprise where it lists all the public companies and the percentage of shares owned. In that page it would allow us to sell off 1-15% of any corp we choose. It would also allow us to buy shares for all the companies or just the ones we choose of our public companies. This way if a country and enterprise has alot of public companies they can use this page to raise cash by selling shares of many public companies at once instead of doing it one by one. Vote yes to have this page to sell shares in many companies at once. Vote no to not have this feature.

Summary
Option to between 1-15% of shares in the public companies we choose at once, so lets say we have 50 public companies we can sell shares in all of these up to 15 percent in each at once in order to raise cash. So if someone needs a way to raise cash this is a good way.
Q
Quetzalcoatl (Fearless Blue)
11 Jul 2011 07:17 Link
Just posted this on the vote page.
M
Matt Patton (Golden Rainbow)
12 Jul 2011 22:56 Link
bad idea mas selling. you sell off shares that are worth nothing or buy shares for high dollar
besides its already in betwwen company list and order list
Q
Quetzalcoatl (Fearless Blue)
13 Jul 2011 05:10 Link
How is this a bad idea, if you own many public companies and you are about to run out of cash the best way to raise cash without taking out a loan is to sell shares in public companies.
M
Matt Patton (Golden Rainbow)
13 Jul 2011 20:28 Link
if you have low value ones you will not make much
doing it individually is better
Q
Quetzalcoatl (Fearless Blue)
14 Jul 2011 19:37 Link
I said you can pick and choose in the page, you dont have to toggle the low values ones, just toggle the high value corps at one time and sell those off, my way we can choose our public corps on a page, and choose the ones we want to sell by selecting it, im not saying we sell of shares in all of them just the ones we want and all at once.
R
Roblox (Little Upsilon)
14 Jul 2011 21:11 Link
This is an awesome idea.
L
Laguna
14 Jul 2011 22:54 Link
I only read the title, but don't we already have this?
W
white darkness (Little Upsilon)
15 Jul 2011 03:48 Link
Last I knew, we did. Never used it. Don't care to.
Q
Quetzalcoatl (Fearless Blue)
15 Jul 2011 08:09 Link
No we dont have this. We can only sell shares of one public company at a time.
Q
Quetzalcoatl (Fearless Blue)
15 Jul 2011 08:10 Link
I want to sell shares in more than one public company at a given time.
K
Kitsuné
15 Jul 2011 10:07 Link
Click on "Shares" in the menu on the left. Under your country, enterprise, or investment fund portfolio, you can select which corporations you want to buy or sell shares of with a checkbox.

I used to use it a lot for IPOs.

Unfortunately you have to buy or sell the same number of shares from all selected corporations.
J
Josias (White Giant)
15 Jul 2011 10:21 Link
now what would be cool would be to allow you to sell a percent of the total shares... that way when you have a bunch of corps that you own say 24% of, but some have had more stock splits than others, and you want to sell them down to 20%, you can select the ones you want and sell 4%... i wish we could do that, its a pain trying to figure out which ones you have to sell so much of. i mean you can use the target goals, but being able to sell a percent of shares, with the check boxes would be cool to. make it faster and easier to fix IPOing mistakes.
W
white darkness (Little Upsilon)
15 Jul 2011 18:19 Link
To quote the text: "Buy for Enterprise Portfolio Selection" or "
Sell for Enterprise Portfolio Selection".

Never used it, since it takes away too much control in my view, but then I don't sell shares, except for when someone takes control of something I've acquired off the general market and sets things up to run it into the ground.
Q
Quetzalcoatl (Fearless Blue)
15 Jul 2011 18:30 Link
The way josias said it is the way i meant to phrase it. well said.
W
white darkness (Little Upsilon)
15 Jul 2011 18:47 Link
And that would be much groovier personally. Percentage instead of raw amount.

Myself, I wouldn't mind when buying individually for an IF fund, information being displayed as to what the 40% limit number is and what the 4% purchase limit number is. It gets rather old having to peck away when you've got 36.87% of the shares, and you're pushing for 40% and you have to start going by 250,000 then steadily and randomly decreasing until you hit 1.
C
Crafty (Little Upsilon)
15 Jul 2011 19:10 Link
lol, just put in 99999 B and it will give you an error message and say the max you can buy ;)
Q
Quetzalcoatl (Fearless Blue)
15 Jul 2011 19:38 Link
Shoulld have rephrased it better when i put it to a vote on the poll page as a percentage.
W
white darkness (Little Upsilon)
16 Jul 2011 01:08 Link
Doesn't help you much when you're hitting the 40% point for an IF fund. You just get the "You cannot buy more than 40% of the shares in this corporation."

Okay, how many is that? Instead, I have to break out the calculator, or just go down stepwise until it stops.
C
Crafty
17 Jul 2011 21:40 Link
Or pencil and paper ;) You kids, tch tch, all calculators and computers...
Mental arithmetic is good brain exercise too.
W
white darkness (Little Upsilon)
18 Jul 2011 00:17 Link
And I can easily do it with numbers up to a certain point. Myself, I'd rather make share splits a voluntary thing. That way I wouldn't have to struggle with dealing with 52,800M shares of cheap crap and the percentages I want. So what if the price is more than a country's income?

The exception is dealing with those corporations acquired that have some strange number due to people issuing new shares.

I see little use for it myself, so I don't do it. I like clean,simple numbers. Dealing with 52872M is not my idea of clean.
C
Crafty (Kebir Blue)
18 Jul 2011 05:17 Link
A built in pop-up calculator in SC might be nice, save opening the windows or whatever one. There's other uses too, like working out number of roads to get 120 index or whatever. I like my old one, had it since uni, solar powered too. Its called an abacus. :)
Q
Quetzalcoatl (Fearless Blue)
19 Jul 2011 08:40 Link
lol funny crafty.