Post
Topic
Board Securities
Re: [LABCOIN] IPO [BTCT.CO] - Details/FAQ and Discussion (ASIC dev/sales/mining)
by
aquarius
on 31/07/2013, 13:34:36 UTC
I can't really stress enough how bad an idea it is to wipe the order book at this point.

Going to sleep? Place a higher bid - you'll probably get some shares.

All wiping the order book does is ensure that only people awake when the IPO sale is actually placed (or when the order book is re-opened) will get shares. Let people do their own math and place their bids accordingly - deliver the sale per the terms you've agreed to at the time you've agreed to it.

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And an update,

When 7,000,000 shares are sold by issuer at 0.001

  • All bids in equal to or greater than 0.001011 will be filled
  • The first 553,680 shares bid at 0.00101 will be filled
  • Any lower bids will NOT be filled.

As of the last time I pulled it (so 13:24 forumtime)


I am a bit confused. if I place my bids higher than 0.001 in the order book am I not then guaranteed to get my shares before those who bid lower?