Quote from: evoorhees on February 10, 2013, 07:05:33 PM

Quote from: misterbigg on February 10, 2013, 03:06:33 PM

It sounds like Erik fucked up. I think he should just take responsibility for the mistake, apologize, and move on. This will damage his reputation for further issues.

I did make a mistake, which was to post the shares on the market without any warning. I apologize for this, and won't do it again. The lesson I learned is the market doesn't like surprises, even good ones. This was my mistake, and I'm happy to take responsibility for it.

Yet it was not a mistake to post shares at the price I posted them at. Some people were mad because they're own worth "on paper" dropped for about 48 hrs. I wonder if people who were upset about that should perhaps stick to mutual funds. S.DICE shares are going to be volatile, please don't be in the market if you're not ready for that. And please don't have a time horizon of 48 hrs., that's a recipe for investment disaster.

To all those who thanked me for the inexpensive shares, you're welcome. And thank you for being mature and rational about how values and prices work.

The "tranches" were really a gift, for any astute, risk-whetted person who understands that the investment (like Bitcoin) could become worthless. Of course the lack of prior disclosure is cause for some to be upset, but, this is Bitcoin, and so it goes. As always, those who try to play the markets casually, will be taken to the pen and slaughtered by those who study and watch constantly. In this case, the serious interested parties in S.DICE who, like myself, watch the price numerous times per day looking for opportunities to build my stake, happen to be given a gift of temporarily lower prices. This is really no different than some algorithm going AWOL on the NYSE, and selling the stock all the way down to 0.01, except in this case, trades aren't cancelled and reversed. I believe in free markets, and I know full well that the limited market cap and liquidity of these stocks means that there can at times be serious dislocations between NBBO and true value. These times represent opportunities, and you have to take advantage of them. So long as your horizon is years, not days, and you are willing to lose it all, just calm down and watch this thing play out, I guarantee it will be a wild ride. Thank you Erik for taking the time to respond to all of our inquiries -- it reflects brightly on your capacity as both a human being and a business man.