Post
Topic
Board Securities
Re: [GLBSE:NASTY] NastyMining - 1MH/s, Free Electricity, No Fees, GPUMAX.com
by
sebnow
on 27/07/2012, 09:35:48 UTC
The IPO has finished so it'll be hard to buy at the IPO price, especially since the value of the shares is going up. You can still place an ask for the IPO price and wait. OgNasty may issue more shares though, but the price will probably be larger than the IPO.

New to GLBSE, and new to trading without a broker in general, so sorry if my question(s) seem dumb.

How would a motion to issue more shares work?

Can the initial motion be created by anyone with at least 1 single share?

How would the price be determined for the newly issue?

Main concern is that if more shares will be available, are the newly issued shares simply granted automatically to the highest bidder(s) first at their respective bid prices?
I don't believe a motion is required to pass for the issuer to issue more shares on GLBSE. The issuer is able to simply create more shares, and can place an ask at any price. The price is determined by the issuer. The ask is just like any other, so if there's a bid for the same price it will be matched and that person automatically buys the shares.