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mjr__: since i believe that most people like this stock, i think they should view the opportunity to get more for less as a good thing
mjr__: if you actually like the stock and want to keep what you have and get more, this is great news
mjr__: my only point was that if you were bearish on the stock and trying to get out of the horrible position of making upwards of 30% dividends, then yes you lost
mjr__: also...to the people who felt that they lost value...were you planning on selling, or even more specifically did you have sell orders on the books?
mjr__: i can go one in front of either side
mjr__: also...the point of market making is...i will always have the current bid and current ask
mjr__: with the ultimate goal of increasing your position, but also creating liquidity
mjr__: what i meant is you can hopefully just buy and sell, higher than rebuy again lower
mjr__: you can do both...but i agree
mjr__: does anyone know the timeframe for the remaining 4 traunches though?
mjr__: 32.69% to be exact
mjr__: i believe the spread is over 30%
mjr__: btw...you can make good money market making sdice
mjr__: ie. debt vs equity
mjr__: since it is not quite as risky
mjr__: and i like btc-bond
mjr__: not that i know of
mjr__: or make a billion dollars a year in a hedge fund
mjr__: people would kill for these returns
mjr__: so i can't wait to see where it's at in 2013
mjr__: i have a 1 year mentality with this stock
mjr__: i want to get in :)
mjr__: but i think that mp and ev are the good guys
mjr__: but i mean there are so many scammers around that i guess people are nervous
mjr__: he could have sent a letter to the shareholders with his future plans
mjr__: i suppose that is true
mjr__: when they wouldn't know how to read a financial document if it was written in crayon
mjr__: and maybe i came across as defensive, but i was on reddit and people were all BREACH OF CONTRACT
mjr__: i mean for sure growing pains
mjr__: because this is a good long term move
mjr__: i think peple who are bullish on SDICE will be happy
mjr__: so i think to increase the float by 50% you need to expect a certain amount of volatility but it will be good in the long run
mjr__: yes, i mean this was 1.5 traunches
mjr__: and hopefully he can walk the price back up
mjr__: i was thinking that he will progressively price them higher
mjr__: you vote by buying and selling
mjr__: last dividend day the stock didn't move
mjr__: lol that is the way its supposed to be
mjr__: and i honestly think he wants to give peple more opportunity to get it
mjr__: yes, there was too big a spread
mjr__: adjustments are tough
mjr__: but the yield is ridiculous
mjr__: of course, it's amazinhg
mjr__: but i would not look for return by appreciation, to me that is the bonus
mjr__: while i would buy and hold it just for the yield
mjr__: i guess everyone is looking at sdice like a growth stock
mjr__: or heck yeah, i get to double my position for less
mjr__: horrible deal at 4?
mjr__: i bought what i thought was a good deal at 7
mjr__: dollar cost averaging
mjr__: so if you didn't get in, it's not too late
mjr__: he is releasing more shares....
mjr__: it is trading well above both first and second offerings
mjr__: it's not a black swan
mjr__: yeah me too for now
mjr__: how would that work?
mjr__: price will stay the same
mjr__: oh yeah demand is here, have a ton more supply
mjr__: if you release that much at the current price, you still tank the stock
mjr__: it wasn't irrational
mjr__: i still think that the value is very low
mjr__: it's like people are saying sure the golden goose lays golden eggs...but it just won't suck my d*** too
mjr__: yeah, i'm not worried
mjr__: oh, similar to how a startup needs to do more offerings so that original investors can liquidate?
mjr__: and the value will increase again
mjr__: they will release more dividends
mjr__: as long as SDICE gets the capital it needs to expand
mjr__: what would happen to price
mjr__: but if you increase supply, but keep price the same...
mjr__: obviously the price will go back to prior levels
mjr__: with higher prices for each next round
mjr__: and he set the price higher than the last offering
mjr__: he wants to raise more cash so he can take more bets
mjr__: that would be stupid for him
mjr__: his goal was to raise money
mjr__: and then compete with everyone else