HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
An open letter to the suits that are making decisions
I understand most of the reasoning behind the various changes to HSX. I understand about wanting more trades to get a closer feel for the "real" box office value of MovieStocks.
BUT having said that, there are a couple of rule changes that are hurtful.
One of them is the commission on delists. If you want people to dump penny stocks, fine. The new penny progressions eliminated the guaranteed 1300 pct gain on a small bump. But commission should not be greater than the value of the stock. While 2pct on securities under 2,00 can be lived with, how about a maximum of 20 or 25 pct of the security. There is a differerence between discouragement and punishment.
Next, the most abhorred new rule change is the counterintuitve commision on delisted securities. Please lock yourselves in a room, have a lot of coffee and rethink this one again. We have listed many different categories that cannot and should not be sold off ahead of time. (Nominoptions, Oscars, Idol warrants, Funds, Calls, Puts, .OW's, HW's, BW's, Dead projects, decesase performer and inactive performer starbonds.
Yes, some people might hoild onto a limited release MovieStock to the end to save the commission, but a lot of times they are more that 1pct or 2pct away from the final amount.
But post adjust activity is a big part of the process, If you wanted the stocks dumped, then why not delist the security at adjust if the final tally is unimportant to your data?
"If it ain't broke, don't fix it" certainly applies. If you have problems, What is definitely needed is communication. Were there any focus groups with those who are part of the community? Serious conversation between those of you with the ties and those of us with the keyboards will lessen the feelings of abandonmentt that a lot of long time players have expressed.
I have been coming to this site for a long time and I would be sad if it discontinued. But you have to reconsider some of the counter productive rule changes.
An open letter to the suits that are making decisions Dec 28, 10:17
We have only the press release to go by.....Anyone have an addy for the suits that make thje decisions? {nm} Dec 28, 15:23
