I think there are better alternatives to completely delisting stocks. There must be a way to compromise between people "playing the long game" and reducing clutter. My idea is basically an extension of the one originally posted. Here's my idea:
-Trading of stocks to be "delisted" is frozen before their delistment is announced. This prevents people from taking advantage of this system. -Shares are cashed out at the listed value. This is explained in the original post. -Share Vouchers are given out to all shareholders at the time of cashing out. (I just made that term up.) These would show up in the account portfolio page with the number of shares and the price the shares were cashed out at. These vouchers have no DKP value and require no margin to be maintained. -The stock is removed from the front page and general listings. However, the stock pages may still be accessed by directly searching or by clicking on the vouchers. -Through the inactive stock page, members may sumbit the game for relisting along with a reason the stock may become active again. Other players may bid and comment on the submission. (Perhaps a new DKP value will also be submitted.) A high bid total would show that many players are interested in trading the stock again. A moderator or admin will then accept or reject this submission based on bidding and comments attached. -If the submission is accepted, the stock will be set to reopen at the same value it was frozen at some time afterwards (or at the new DKP value in the submission). Trading will still be closed, but the stock will be added to the general listings again at this time, and an announcement may be made. -Between the submission acceptance and the relisting time, players with vouchers may cash them in for the right to make a purchase/sale of stock in the amount listed on the voucher, at the price listed on the voucher. This way, people holding a position before delisting will have an opportunity to take advantage of their position from before. This functions similar to a re-IPO, but players may only renew their old positions on the stock. (If people not renewing their positions based on the news is an unfair advantage, players can be forced to cash in as many of the vouchers as possible, even if this forces a margin call. This would also negate the need for this period altogether.) -After the voucher cashing period is over, all vouchers pertaining to that stock are deleted and trading recommences on that stock. If the stock stagnates for a long period of time, this process can be repeated as many times as necessary.
I think this would be an acceptable compromise to the different needs stated previously. I hope an idea like this would be feasible for the simExchange.
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-Trading of stocks to be "delisted" is frozen before their delistment is announced. This prevents people from taking advantage of this system.
-Shares are cashed out at the listed value. This is explained in the original post.
-Share Vouchers are given out to all shareholders at the time of cashing out. (I just made that term up.) These would show up in the account portfolio page with the number of shares and the price the shares were cashed out at. These vouchers have no DKP value and require no margin to be maintained.
-The stock is removed from the front page and general listings. However, the stock pages may still be accessed by directly searching or by clicking on the vouchers.
-Through the inactive stock page, members may sumbit the game for relisting along with a reason the stock may become active again. Other players may bid and comment on the submission. (Perhaps a new DKP value will also be submitted.) A high bid total would show that many players are interested in trading the stock again. A moderator or admin will then accept or reject this submission based on bidding and comments attached.
-If the submission is accepted, the stock will be set to reopen at the same value it was frozen at some time afterwards (or at the new DKP value in the submission). Trading will still be closed, but the stock will be added to the general listings again at this time, and an announcement may be made.
-Between the submission acceptance and the relisting time, players with vouchers may cash them in for the right to make a purchase/sale of stock in the amount listed on the voucher, at the price listed on the voucher. This way, people holding a position before delisting will have an opportunity to take advantage of their position from before. This functions similar to a re-IPO, but players may only renew their old positions on the stock. (If people not renewing their positions based on the news is an unfair advantage, players can be forced to cash in as many of the vouchers as possible, even if this forces a margin call. This would also negate the need for this period altogether.)
-After the voucher cashing period is over, all vouchers pertaining to that stock are deleted and trading recommences on that stock. If the stock stagnates for a long period of time, this process can be repeated as many times as necessary.
I think this would be an acceptable compromise to the different needs stated previously. I hope an idea like this would be feasible for the simExchange.