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August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU.

08-01-2010 , 12:45 PM
Quote:
Originally Posted by uncforte
I'm definitely in. I'll figure out my situation as I already unfortunately have a bunch of money tied up in other people's wcoop/ftops but I love the idea.
Quote:
Originally Posted by nbajam
tentatively in for 10, going to hold off shipping for a few days
Quote:
Originally Posted by Thinky
Pls reserve 10 for me
Quote:
Originally Posted by nationstation
a little confused to, res $500 for now
Thanks guys!

There's no need to reserve, though, as there is currently no cap. $20K is my goal - I suspect I'll come up a little short. If we raise more than that then I'll be closer to playing some of the big PLO events this month, which I believe I'm quite +EV in.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-01-2010 , 12:50 PM
Quote:
Originally Posted by Mr2jt
Umm... do you guys know about stocks???

Basically Matt is doing an IPO right now... selling his shares for $55 at $50 a share. He is selling his shares at a premium because he presumes that his stock will raise to at least $55 during time frame of his BAP. Wither it's true or not... guess that's up to the investor to judge. Matt said that he would like to raise 20k to start, at $50 per share that is 400 shares to sell. Now is that the max number of shares that are available or Matt will allow more? If so, I would release a new batch of shares to sell if that is the case. Otherwise wouldn't it be too confusing to the investors?

Just like in stocks... the price per share will fluctuate based on the performance of the comany (ie. Matt). Now are there daily trades of shares available at the end of the day?

And just like the stock market, if the stock is doing really well (ie. doubling his br thru a big score), he can split his shares so more and more people can invest in his stock easily. Either it be a 2:1 split or something is up to the company.

I think putting it this way would be easier for the investors to understand. I think it's cool that Matt has setup his BAP this way to start.

But I would think that selling your shares at a 20% penalty is too harsh. If I were u matt. I would put that number closer to 5% than anything else. Even the banks wouldn't charge 20% penalty if you had to terminate a CD deposit.
Good points. Thank you. I will not be capping at $20K, though I may decide on a cap if too much comes pouring in. $30K is the bankroll that would allow me to play most everything on the schedule, though I am not planning on having that amount unless I work it up to that.

I may split shares if they get high enough and still want to raise more funds. But probably if they get high enough to split I'd have a large enough bankroll that I wouldn't need to raise more.

For now I'll keep the 20% penalty. Since the fund expires at the end of August it isn't that long that investors have to wait to see. I want to have to penalty big enough to discourage whimsical withdrawals that could drop me down to lower level tourneys, while also rewarding (by keeping the penalty in the bankroll) those investors who hang on until the end (everyone, hopefully). If everybody thinks this is too high then I'll lower it. It isn't just for me here - I'm only one (albeit, so far, the majority) shareholder.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-01-2010 , 02:50 PM
I'm in for 20 shares. 1100 dollars shipped to you (see PM). Best of luck to all of us.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-01-2010 , 08:53 PM
Current bankroll: $7600
Shares owned: 152
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55 (this price will hold until 12:00 PM EST on 4 Aug 10)
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
20 ... uncforte (uncforte on PS)
10 ... HomerJay (grouchy7 on FT)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... TimM846 (derekraivio on FT)
2 ... broken_jia (broken_jia on PS)
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-01-2010 , 08:59 PM
sent 10 shares from howzatt10 on FTP
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 09:49 AM
Current bankroll: $8100
Shares owned: 162
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
20 ... uncforte (uncforte on PS)
10 ... HomerJay (grouchy7 on FT)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... TimM846 (derekraivio on FT)
10 ... Thinky (howzatt10 on FT)
2 ... broken_jia (broken_jia on PS)

I will be selling at this price until noon EST on Aug. 4th. After that I will freeze sales until the end of the day and open at the new price.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 10:16 AM
Current bankroll: $8200
Shares owned: 164
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
20 ... uncforte (uncforte on PS)
10 ... HomerJay (grouchy7 on FT)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... TimM846 (derekraivio on FT)
10 ... Thinky (howzatt10 on FT)
2 ... broken_jia (broken_jia on PS)
2 ... peritonlogon (peritonlogon on FT/PS)

I will be selling at this price until noon EST on Aug. 4th. After that I will freeze sales until the end of the day and open at the new price.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 11:13 AM
Matty - I realize it's easy math to do ourselves, Matty, but can you add to the "shares" line a % owned by each (basically a % of market capitalization of each shareholder)?

So, for example, currently it stands at:

Shares:
100 (60.97%) ... MattyDaCobra
20 (12.19%)... uncforte (uncforte on PS)
10 (6.1%) ... HomerJay (grouchy7 on FT)
10 (6.1%)... Ontario_Tory (Ontario_Tory on FT)
10 (6.1%)... TimM846 (derekraivio on FT)
10 (6.1%)... Thinky (howzatt10 on FT)
2 (1.22%)... broken_jia (broken_jia on PS)
2 (1.22%)... peritonlogon (peritonlogon on FT/PS)


While sweating this gives us an indication (quickly) of how much of you we "own" in a tourney... So you hit a 100k score, I now that my value just went up by 6k, for example...

Excited for this to start - hope you get a few more big investors so that you start with a big roll...

OT
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 11:34 AM
Quote:
Originally Posted by Ontario_Tory
Matty - I realize it's easy math to do ourselves, Matty, but can you add to the "shares" line a % owned by each (basically a % of market capitalization of each shareholder)?
Sure, I'll do that in my day-start/end reports. I've also decided to cap this at 400 shares maximum (not that I'm even close to on pace to sell that).
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 01:12 PM
7 shares
willymayshayes
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 02:09 PM
Current bankroll: $8550
Shares owned: 171
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
20 ... uncforte (uncforte on PS)
10 ... HomerJay (grouchy7 on FT)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... TimM846 (derekraivio on FT)
10 ... Thinky (howzatt10 on FT)
7 ... h_ven (willymayshayes on FT)
2 ... broken_jia (broken_jia on PS)
2 ... peritonlogon (peritonlogon on FT/PS)

I will be selling at this price until noon EST on Aug. 4th. After that I will freeze sales until the end of the day and open at the new price. I will cap this at 400 shares total, which means that 1 share will be worth no less than 0.25% at the end of the month. To play the blue color-coded tourneys will require me working the bankroll up over $30K.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 02:21 PM
One question

Can owners of shares sell their shares to other people?
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 03:13 PM
Quote:
Originally Posted by MattyDaCobra
I will be selling at this price until noon EST on Aug. 4th. After that I will freeze sales until the end of the day and open at the new price.
This is incredibly important here - trading must be frozen whenever you're playing. Otherwise you'll have people buying whenever you're deep in a tourney. If you're playing, trading is frozen until you're done for the day, at which point a new share price is released.

That's the way it works, right?

OT
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 03:39 PM
Quote:
Originally Posted by peritonlogon
One question

Can owners of shares sell their shares to other people?
That is between investors. I will only pay out to the person who sent me funds, however, so all other transactions must be handled by the parties involved.

Quote:
Originally Posted by Ontario_Tory
This is incredibly important here - trading must be frozen whenever you're playing. Otherwise you'll have people buying whenever you're deep in a tourney. If you're playing, trading is frozen until you're done for the day, at which point a new share price is released.

That's the way it works, right?

OT
Yes, sir.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 04:04 PM
sounds interesting.. book me for 10 shares
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 04:04 PM
shipped $550 to FTP GL!
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 05:16 PM
Current bankroll: $9050
Shares owned: 181
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
20 ... uncforte (uncforte on PS)
10 ... HomerJay (grouchy7 on FT)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... Senzu (Sennzu on FT)
10 ... TimM846 (derekraivio on FT)
10 ... Thinky (howzatt10 on FT)
7 ... h_ven (willymayshayes on FT)
2 ... broken_jia (broken_jia on PS)
2 ... peritonlogon (peritonlogon on FT/PS)

I will be selling at this price until noon EST on Aug. 4th. After that I will freeze sales until the end of the day and open at the new price. I will cap this at 400 shares total, which means that 1 share will be worth no less than 0.25% at the end of the month. To play the blue color-coded tourneys will require me working the bankroll up over $30K.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 06:17 PM
Looks interesting, I have transferred $550 from Freyalise on FTP for 10 shares. Good luck this month!
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 06:23 PM
Sent for 1 from Galaga on stars for vthe sweatage...GL!

Last edited by Dreadnaught; 08-02-2010 at 06:29 PM. Reason: 1 share that is...
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 06:26 PM
gl matty! Can say he's a solid player.
Greetings
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 06:26 PM
8 please
JoeJ1337 on stars
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 07:04 PM
$550 for 10 shares on stars from nbajam
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 07:47 PM
sent for 2 shares from chavarie on Stars, gl!
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 09:07 PM
I don't understand it all but sounds awesome! Count me in!

I'll take 5 shares ($275) coming from koturtle on Fulltilt
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote
08-02-2010 , 09:17 PM
Current bankroll: $10850
Shares owned: 217
Current value: $50 (current value is paid to shareholders at month's end)

To buy: $55
To sell: $40 (20% penalty is shared among retained shares)

Shares:
100 ... MattyDaCobra
20 ... uncforte (uncforte on PS)
10 ... HomerJay (grouchy7 on FT)
10 ... nbajam (nbajam on PS)
10 ... Ontario_Tory (Ontario_Tory on FT)
10 ... Pyromantha (Freyalise on FT)
10 ... Senzu (Sennzu on FT)
10 ... TimM846 (derekraivio on FT)
10 ... Thinky (howzatt10 on FT)
8 ... ScreaminAsian (JoeJ1337 on PS)
7 ... h_ven (willymayshayes on FT)
5 ... Turtle148 (koturtle on FT)
2 ... broken_jia (broken_jia on PS)
2 ... chavarie (chavarie on PS)
2 ... peritonlogon (peritonlogon on FT/PS)
1 ... Dreadnaught (Galaga on PS)

I will be selling at this price until noon EST on Aug. 4th. After that I will freeze sales until the end of the day and open at the new price. I will cap this at 400 shares total, which means that 1 share will be worth no less than 0.25% at the end of the month. To play the blue color-coded tourneys will require me working the bankroll up over $30K.
August MattyDaCobra fund (FTOPS, UBOC, and regular schedule). 10% MU. Quote

      
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