They should make a priority to get rid of AM100 or merge them. That trash is ruining it for everyone.
Uh...even at only 95% of divs, the yield on AM100 is projected to be about 25% higher than AM1 (At ask: 0.16 for 100x AM100 @ 0.00161 vs. 0.2 for 1x AM1). Yes, you lose 5% on AM100 divs, but the compounding effect may be greater for certain ranges of share quantities...
But they are fractional shares which is why they trade at a lower price.
You cannot convert them to direct shares.
You can only trade them on Havelock due to ^.
Nobody on BTCTalk can sell you 1/100th of a AM share and nobody on BTCTalk would buy 1/100th of a AM share.
If you get rid of the AM 100 then there would only be one stock to trade so the share price would be more accurate. Instead people put a slight premium on the AM 1 shares due to the factors above.
I agree with you that from a dividend standpoint the AM 100 shares have a compounding divided effect which actually might put some people ahead but I would not want to own them.
If my AM 1 shares were converted to AM 100 shares I would sell them immediately or transfer them off of HL to direct shares.
Its fine to have the AM 100 shares but I don't get why some want to get rid of the AM 1 shares other than to improve liquidity. If FC splits the stock to AM 100 shares then I would be all for it, but he will likely not do that since he would have to deal with more transfer requests.
