Topic: GRouPcorp (Read 955 times)
GRouPcorp's lobbying group has managed to wrangle enough influence to have just now caused General Holding Corp to issue an interesting announcement...
EDIT: Note that this news might well make a significant impact on the values listed at http://galaxies.mygamesonline.org/ingroupcoins.html
EDIT2: Yes, it made an impact alright! Check the values again now... quite an impressive rally for GRouPcoin!
-MarkM-
EDIT: Note that this news might well make a significant impact on the values listed at http://galaxies.mygamesonline.org/ingroupcoins.html
EDIT2: Yes, it made an impact alright! Check the values again now... quite an impressive rally for GRouPcoin!
-MarkM-
As plots like the one at http://galaxies.mygamesonline.org/plotsharesindvc.html show, GRouPcorp book-keeping had again been falling behind; the first sudden jump was basically the previous post, now there has been another sudden jump due to its books being updated to reflect the sale of its shares, manifesting the gains the things it obtained with the proceeds have made since the sale.
The next update of the plots should reflect new transactions that have been made since bringing the books up to date; specifically GRouPcorp has bought some sGFC (shares of GFC) in anticipation of gains General Financial Corp hopes to generate by building structured credit default swaps - while simultaneously "qualifying" debtors - using GRouPcorp's population rosters.
In essence GRouPcorp, being group-oriented, has access to a lot of people and hopes to profit by providing some of those people access to credit through GFC and categorising the credit risks those people represent. Groups stand to benefit not only by obtaining a source of credit for their members but also by providing their members an opportunity to progress step by step through level after level of credit so that hopefully at least some of their members who might not otherwise be able to qualify could end up achieving "qualified investor" status.
-MarkM-
The next update of the plots should reflect new transactions that have been made since bringing the books up to date; specifically GRouPcorp has bought some sGFC (shares of GFC) in anticipation of gains General Financial Corp hopes to generate by building structured credit default swaps - while simultaneously "qualifying" debtors - using GRouPcorp's population rosters.
In essence GRouPcorp, being group-oriented, has access to a lot of people and hopes to profit by providing some of those people access to credit through GFC and categorising the credit risks those people represent. Groups stand to benefit not only by obtaining a source of credit for their members but also by providing their members an opportunity to progress step by step through level after level of credit so that hopefully at least some of their members who might not otherwise be able to qualify could end up achieving "qualified investor" status.
-MarkM-
I finally noticed that the valuations shown for GRouPcorp shares (sGRP) in my Digitalis Open Transactions server assets stats pages
http://galaxies.mygamesonline.org/digitalisassets.html
have been out of whack all along, due to my getting interrupted before recording the fact that it still owns 978000 of its own shares.
The valuations so far had been based only on the relatively small amount of "miscellaneous assets" the Corp owns.
I have added the un-issued shares into its assets now, so from here on it should correctly reflect the value, assuming it does end up selling those shares for what the valuation routines calculate them to be worth (which seems at present to be just a little more than the one GRouPcoin per share they were initially offered at).
-MarkM-
http://galaxies.mygamesonline.org/digitalisassets.html
have been out of whack all along, due to my getting interrupted before recording the fact that it still owns 978000 of its own shares.
The valuations so far had been based only on the relatively small amount of "miscellaneous assets" the Corp owns.
I have added the un-issued shares into its assets now, so from here on it should correctly reflect the value, assuming it does end up selling those shares for what the valuation routines calculate them to be worth (which seems at present to be just a little more than the one GRouPcoin per share they were initially offered at).
-MarkM-
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