As Mr. Luigi always says, where there's a will, there's a way.
Let it here be known that Mr. Luigi is in one accord with HM regarding adequate stone reserves for market making purposes. Mr. Luigi recognizes that he has limited avenues to procure needed reserves, but that he would be seeking out (possibly undisclosed) arrangements with other, larger holders of stone and/or moneritos to fulfill reserve requirements. He further proposes that 250,000 stone be an acceptable initial reserve for the beginning of his market (approximately 12% of current total supply). His market charter would be suspended if he drops below 2.5% of total stone supply for more than a 10 year period (5 real days?) (Mr. Luigi is open to suggestions here as well).
Furthermore, Mr. Luigi feels it appropriate that he have a location for his market in F zone. He feels that the presently up-for-auction F1 block is not close enough to the "Giant Heap of Stone", but recognizes it could work in a pinch.
Mr. Luigi would accept the gift of 27,000 stone but would be most interested to hear what HM could offer regarding needed monerito reserves (Mr. Luigi recognizes that HM's monerito holdings are presently 0, but he is not sure why that is). Mr. Luigi suggests that, at a minimum, he be allowed to exchange 100 of his own CKG for moneritos at the King's Coinshop for 0% margin, giving him (presently) 23.8 million moneritos to add to his reserves. Mr. Luigi estimates that a significant stone supply/demand imbalance will exist for the foreseeable future, and therefore places less emphasis on monerito reserves than stone reserves.
Mr. Luigi will also respond here if/when he manages to obtain the proposed 250,000 initial reserve, of course still pending review and approval/changes/suggestions from HM.
Let it here be known that Mr. Luigi is in one accord with HM regarding adequate stone reserves for market making purposes. Mr. Luigi recognizes that he has limited avenues to procure needed reserves, but that he would be seeking out (possibly undisclosed) arrangements with other, larger holders of stone and/or moneritos to fulfill reserve requirements. He further proposes that 250,000 stone be an acceptable initial reserve for the beginning of his market (approximately 12% of current total supply). His market charter would be suspended if he drops below 2.5% of total stone supply for more than a 10 year period (5 real days?) (Mr. Luigi is open to suggestions here as well).
Furthermore, Mr. Luigi feels it appropriate that he have a location for his market in F zone. He feels that the presently up-for-auction F1 block is not close enough to the "Giant Heap of Stone", but recognizes it could work in a pinch.
Mr. Luigi would accept the gift of 27,000 stone but would be most interested to hear what HM could offer regarding needed monerito reserves (Mr. Luigi recognizes that HM's monerito holdings are presently 0, but he is not sure why that is). Mr. Luigi suggests that, at a minimum, he be allowed to exchange 100 of his own CKG for moneritos at the King's Coinshop for 0% margin, giving him (presently) 23.8 million moneritos to add to his reserves. Mr. Luigi estimates that a significant stone supply/demand imbalance will exist for the foreseeable future, and therefore places less emphasis on monerito reserves than stone reserves.
Mr. Luigi will also respond here if/when he manages to obtain the proposed 250,000 initial reserve, of course still pending review and approval/changes/suggestions from HM.
His Majesty is very pleased of the determined approach of Mr. Luigi (and his possible associates).
We cannot comment on the technical signing of the contracts, the Town Registry can only contain parchment and stone slabs at present. Perhaps there is a need to appoint a public notary for such stuff, ...
We want to re-iterate our proposal as follows:
- 27,000 stone is immediately gifted from HM stoneary to Mr. Luigi;
- HM grants the new-built vacant basement shop from the Royal Palace (41 sqm in i8) for the headquarters and customer service of this operation, for free, until more massive quarters can be built by the operators;
- upon the 10th anniversary of the successful operation, Mr. Luigi is promoted Expert (L5);
- the trade of 100 gold for moneritos can be done on 5% margin;
- Mr. Luigi promises to make markets for stone so that:
1) There is always both a buy and sell offer, which may not be more than 20% apart.
2) The characters can access the market solely based on published prices, without needing to contact Mr. Luigi (contact administrator instead).
3) One character may not purchase or sell more than 50,000 stone until giving Mr. Luigi the opportunity to update prices.
4) Mr. Luigi may be contacted for larger quantities or special pricing.
5) The King is not that interested in reserve requirements, because the whole lamentation was due to the stone not being used. As long as there remains stone to buy in the market, we are good.
Mr. Luigi and any future associates are grateful for HM the King's gracious proposal.
Mr. Luigi accepts the proposal as written above, and will:
1. discuss practical implementation with the administrator;
2. initiate and/or finalize needed contracts for stone and/or monerito supply;
3. accept the use of the vacant basement shop on a temporary basis;
4. accept HM's immediate gift of 27,000 stone;
5. request immediately for
6. plan to be operational not later than 1446 (Friday, I think) (it appears Mr. Luigi may have fallen into a 2-year coma -- or I am out all day tomorrow -- so I will be getting everything together 1443-1446 (Thursday and Friday)).
On launch day, it is expected that there be some immediate price discovery. So the initial buyers and sellers may get great deals (or not) until volatility settles down.
