A complete revamp of the Withmore Stock Exchange is underway. Details are still sparse, but what we do know is that all of the Mega Corporations in Withmore City have signed on to a new revamp of the stock exchange.
The new exchange will work on a quarterly basis, with share prices resetting to their starting values (currently predicted to be 100.00c a corpshare). Read More
The corporate council believes that the quarterly reset will help investors lock in value without detracting from a corporations long term roadmap and evening the playing field for smaller mega corporations to not be completely overshadowed by the share prices of their larger counterparts.
WHO CAN BUY SHARES
Only other mega-corporations can buy shares. Individual share holders are not expected to be allowed to participate in the market. The council has ruled that supporting individual shareholders would require expensive overhead that they are not interested in supporting.
What follows is only a general overview and is subject to change as the corporate council continues to iterate on the idea over the following weeks.
Corpshares will be a representation of actual shares. These are owned by the corporation that holds them and provided to its corporate employees on a quarterly basis. The number of shares provides is still to be determined. These shares can be sold on the corpshare market, which will result in funds being available in the employees corpshare account. The employee will then be able to purchase shares in other corporations. The goal being to maximize profits.
The employee will never be able to profit directly off of the buying and selling of CorpShares. These shares are still owned by the corporation they work for. Any profits made will be netted by the corporation. However, the corporate council is expected to announce that each corporation will be offering a quarterly bonus to the employees who make the most profit for the corporation from the buying and selling of CorpShares.
At the end of each quarter, the market will reset as will all corpshares currently held by a Corporation, or its employees.
A QUARTERLY BLANK SLATE TO LOCK IN PROFITS
Shareholders often want to drive profit on an more immediate basis than the Corporation might be set up to handle. Long term roadmaps turn into short term sprints toward turning a profit and increasing share price. This has been an economic reality for hundreds of years. The new Withmore Stock Exchange and CorpShare market intend to change that. Allowing for the locking in of short term gains while also allowing corporations to continue to grow in the long term.
A demo stock ticker is available at the Withmore Savings Bank on Gold. This stock ticker will be tracking the CorpShare price as development of the market continues.
A corpshare terminal will be made available to each corporation, and in a central location as soon as development of the new system has been completed.
More details on this developing story, as we have them.