So, do we buy it up to 0.2 and keep it there, or will the buyback be at 0.2 already?
It will be as according to contract, so it will be bound to the five day average of the bond.
I am still waiting for confirmation from JRO for a buyback.
//DeaDTerra
How will the average price of the last 120 hours be calculated? The only trades I see in that window are from Aug 4. If the average is weighted by shares, that
[email protected] brings the average up to about .123. If its by trades, then it's a bit lower, closer to .11 (I'm approximating).
If anyone wants to drive the buyback price up to .2, they should try to get all the lower asks cancelled. Then place an ask for at least .16 and have someone else buy at that price. The Aug 4 trades fall out of the 120 hour window tomorrow (the last one at 20:00 glbse time). Then 120% x .16 yields the .2 btc ipo price.
Put the word out not to sell into bids below .16 as well.
Buying all the shares under .2 would take about 250 btc at the moment, but would only get the weighted average to about 0.135413209. You'd have to spend 472.8 btc and buy up through the .2349 ask to raise the average to .16 Still a profitable move, since you'd be getting .2 for shares that cost you .16 on average.
Likely the issuer has shares he could dump to lower the average as well.
Oh, and I'm not advocating manipulating the price, rather posting this as a thought exercise.
