Once BDD.EXCHANGE is purchased by a user, the Issuer will buy back the EXCH share(s)
[...]
Users may also decide to hold the BDD.EXCHANGE share
How?
Either you automatically exchange them via buyback, or you allow users to hold it... I'm not sure how it would be possible to do both...
Normally, the exchange will normally be processed much quicker than 24 hours.
Small typo.
You're correct on the first count; it is no longer possible to simply hold EXCH shares. This determination was made due to Havelock's system; I'll be updating the contract this morning with this change and Rannasha's from yesterday.
Is it possible to publish following stats on a daily basis.
- NAV/U
- number of units (BDD.MINE/BDD.SELL, BDD.EXCHANGE)
This helps to make the investment more transparent for investors. Thanks!
I've been trying to shy away from doing a daily report in the case that I'm away from my computer at the time that dividends need to be paid (can still do it on my cell phone). But I am willing to post the number of outstanding units and NAV/U each day since that's easily calculable for me. Normally this should come around the time that dividends are paid, but if I'm not able to do that for some reason I will post it later that evening.
A full report will also be provided at the beginning of each Period (after each Difficulty change); I definitely want users to be able to have as much information as they need to make an informed decision.
Also, as Rannasha said, you can see the total number of outstanding units on either the SELL or MINE description page. If there outstanding units of EXCH, those count towards the total as well, I just haven't exchanged them for a BDD pair yet.
EDIT: Contract has been updated here in the OP. I'll be going over the entire contract again tonight, post any updates here, and will post a revised version on Havelock's reports page. I'm only editing for clarity due to the changes with not being able to hold EXCH.