Post
Topic
Board Securities
Re: [BitFunder] TU.SILVER -- News & Reports
by
usagi
on 07/06/2013, 22:42:46 UTC
Hey Usagi,

How come bids for tu.silver have been changed from 0.05000 to 0.03300 today , why such big a gap between bids & ask, are you holding people back from selling shares on bitfunder ?

I don't know about other people, but I have pulled my personal bids because I decided to try and flip some more VIRTUALMINER. If you're looking to sell contact me privately and I will see what I can do for you.

In a more general sense, TU.SILVER is traded on the market -- if no one wants to buy or sell shares there's not much I can do about it. I basically only step in when someone wants to redeem their shares for silver or the company sells new shares into the market.

Right now i've been doing what I can putting out weekly reports and paying a solid distribution (especially given the industry) in order to increase our visibility and liquidity on BitFunder, but these things take time and it doesn't look like it has increased volume on the stock yet. Another thing I have been doing for my shareholders is to sit on the bid with 100s of shares -- but I can't afford to do that all the time ;-) My advice is, come up with a price you feel you want to buy/sell TU.SILVER for, and then post a limit order. I check the order books each day and I'll fill personally it if it's a reasonable price. An example of an un-reasonable price (imo) is 0.033 and 0.099. The people with those orders up should be unlikely to get them filled!