HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
AH! I was looking at the situation like a real world fund and failed to take into account that this is the
magical, mystical world of HSX. Since I've never explored the process of establishing an HSX fund, I had no idea there was any sort of starting 'stake'.
I suppose that also explains the initial IPO price of $20.
Assuming your explanation is true (which at times is challenged), I stand corrected and no longer *wonder* about the birth of a fund. (And I do al of this openly and without hiding behind multiple personas as some do.)
One other point regarding the original post's comment about possible change on the fund's second day: The intrinsic net worth or value of the fund would have changed by the amount investors had bought/ sold/shorted/ covered the fund; just as the value of a portfolio changes by the addition of daily bank interest or winnings from 'Earn' games.
The price, however, reflects the interests of invesors and how willing they are to put up their money. Thus, even if there were still no securities in the fund, it's price could - at least in theory - have changed to reflect those investor sentiments - which are not always logical.
New Fund IPO today again doesn't have movies attached, price won't move tomorrow I guess w/o it {nm} Jul 06, 10:24
Fund Managers can't trade the fund immediately, have to wait a day IIRC. {nm} Jul 06, 12:06
AH! I was looking at the situation like a real world fund and failed to take into account that this is the Jul 07, 20:49
How HSX Funds work Jul 08, 04:55
That capitalization is illiterate; those interpersonal skills are . . . no comment {nm} Jul 08, 11:44
Oblivious? {nm} Jul 10, 16:13