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Forum Problems Nationalization failed to transfer (Golden Rainbow)

Nationalization failed to transfer (Golden Rainbow)

C
CorporatePartner (Golden Rainbow)
18 Apr 2011 12:22 Link
Corporation nationalized, reference:
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Auction ended
From: OsTech Group
To: For Steve Ryan Only
Real Date: 18-04-2011 12:00:03
World Date: January 04 2880
Subject: Auction ended
Message: In the auction, OsTech Air Transport in Dosadi Experiment was aquired by Dosadi Experiment for 100 Billion $E.
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Then, 1 world day later, no ownership transfer, reference:

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Golden Rainbow: Jan 5 2880

OsTech Air Transport
Product: Air Transport
Latest Market Price: Market Price 502 SC$ per unit
Corporation Type: public corporation
Founded: May 5 2796
Total Number of Shares Outstanding: 6.25 Million
Shares you own: 0
Percentage of Shares owned: 0.0%
Estimated Market Value in Gold Coins: 0.00 GC
Located in: Dosadi Experiment
Controlled by: OsTech Group
Public Offering: perform a Public Offering

Related Videos: About Corporations
Manage corporations

If you are unsatisfied with its performance, you may nationalize it.
Risk of closure. The debt is too high.
Production last month was on target.
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OK, then it transferred now, Golden Rainbow: Jan 8 2880, but for buying shares, it changed from 0,05 SC$ to this, reference:

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Buy some shares of OsTech Air Transport

The market price for these shares is 16,000.73 SC$.
After the last share trade session, there was no demand for this share. The Supply Volume was 224,453 shares.
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Now the share ownership is this, which shouldn't be possible from an inactive enterprise plus the share value paid is highly irregular (exception), reference:
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image Dosadi Experiment 4,375,000 70.00 % 14,265.52 SC$ 70.00B SC$
image OsTech Group 224,453 3.59 % 5,470,056.61 SC$ 3.59B SC$


The price/earning ratio is 998.9.

You can take a look at more information on OsTech Air Transport.
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S
Scarlet (Little Upsilon)
18 Apr 2011 17:47 Link
Huh, so you do pay the $100B mark-up when nationalizing on a public corporation. Thanks.

6.25M * $16,000 = $100B
C
CorporatePartner (Golden Rainbow)
19 Apr 2011 08:09 Link
Yeah...it's having some bug/glitch issues...those enterprise shares were bought from the enterprise here, but then when "the switch" happened, it seemed to accidentally give the share to the other (old) enterprise. Of course, few, if any, know what is really going on with those shares :S.

Also, the share price change was just some "fantasy" change...it's back to 0.05 SC$ now, reference:

Golden Rainbow: Apr 24 2880
Share Price and P/E Ratio
Based on last 12 months Outstanding Shares 6.25M
P/E Ratio 443.9
Share Price 0.05 SC$
Earning per Share This Year 610.30 SC$

Dosadi Experiment 4,375,000 70.00 % 14,265.52 SC$ 218,750 SC$
OsTech Group 224,453 3.59 % 5,470,056.62 SC$ 11,223 SC$

...

Anyways, the basic idea worked..the corporation isn't "at risk of closure" any longer.
P
Psycho_Honey (Golden Rainbow)
25 Apr 2011 17:21 Link
During mass ipo efforts the system gets hung up on a few corps. It stinks, took me a long time to get 3 corps to transfer from my country to my CEO once not too long ago.