Quote from: stripykitteh on November 24, 2013, 11:55:13 PM

Quote from: Vycid on November 24, 2013, 08:35:53 PM

That's what I was thinking. It's currently a big arbitrage opportunity. I'm extremely sad I'm not holding shares right now because that's free money.

Really? I don't see how. The auction price is below the exchange price (0.29 v 0.37) but there's no telling where it will end up in a week.

When Seb lowered his starting bid to 0.29 it sucked the market down from ~0.45 to ~0.37. Holding shares at the moment seems like a bad situation. You've got little prospect of any price jump while the auction is running, unless bidders are interested in paying more than where the exchange price was at the start of the auction.

But you are as bright as a button so tell me where I've gone wrong.

Seb did not "suck" the market down. Every time FC makes an announcement the price goes up and then adjusts back to 30% apr based on the last dividend. Dividends this week look like around 0.0025 so that would lead to 0.43 @ 30% apr.