TLC keep trying to log on...this Stockgeneration is a pyramid...a ponzi scheme..
look:
THE BASIC RULES OF SG
1.
SG operates non-stop, 24 hours a day, 365 days a year.
2.
There are 11 virtual companies' shares on the market.
3.
There are 3 types of companies:
Ordinary Companies (1- 8),
Privileged Company (9),
High-Profit and High-Risk Companies (10,11).
4.
The Ordinary Companies (1- 8).
The share prices of these companies change chaotically from the point of view of
the players - almost like in a real stock exchange. They are as likely to rise as they are
to fall (in line with changes in the stock exchange).
However, no shareholder can lose more than 5% of his/her invested capital in any
one round.
5.
The Privileged Company (9).
The share price of this company is supported by the owners of SG, this is why its
value constantly rises; on average at a rate of 10% monthly (this is approximately 215%
annually).
In order to ensure this monthly increase, SG has established a Special Reserves
Fund, into which a certain pre-determined amount of the exchange's revenue (the
1.5% commission charged on every buying/selling transaction) is continuously added.
A fall in the share price of this company is theoretically possible should the following
situation arise: panic breaks out in the Stock Exchange and demand for all of the
shares on the market ceases, in other words the Special Reserves Fund dries up.
But even in this unimaginable situation - there has never been an event like this in
the history of SG – the share price of Privileged Company (9), under the rules
governing the fall in prices, cannot fall by more than 5% in a round.
There also exist auxiliary stabilization funds, which ensure the normal operation of
the exchange and guarantee liquidity in any scenario.
6.
High-Profit and High-Risk Companies (10,11).
The description of these companies is self-explanatory.
The share price of these companies increases very fast - over the past few months at
a rate of 50% and 100% per month, respectively. However, in theory their value can fall
just as fast.
The round-on-round decrease for Company No. 10, can be as 50%, i.e. the shares
could suddenly lose half of their value.
In the case of Company No. 11, there is no such limit, which means that the share
could become total worthless.
By the way, to date this has never suddenly occurred. If you pay close attention to
the statistics relating to the transactions of these companies - click on the number of
the companies next to the YESTERDAY'S TRANSACTIONS - you will be able to
anticipate the moment, if such a moment will ever occur when demand begins to fall
and when you should stop trading and take your profits. Especially since you can do
this at any time.
7.
The shares of all virtual companies (1-11) have 2 prices in SG:
(a) BUY price - this is the price at which you can buy these shares from SG;
(b) SELL price - this is the price at which you can sell these shares to SG.
SG derives its profit from the difference between the BUY price and
the SELL price.
The share prices companies are set by the owners of the SG
Exchange according to conditions on the Exchange.
8.
SG guarantees you that you can always buy any amount of shares from
it at the current BUY price, and sell any amount of shares to it at the
current SELL price.
9.
The share prices of the Ordinary Companies change twice daily at 00.00
and 12.00 GMT.
The share prices of the Privileged Company (9) and the High-Profit and
High-Risk Companies (10 and 11) change twice weekly on Tuesdays and
Thursdays at 00.00 GMT.
You can see the share prices by clicking on the SHARE PRICES icon
on the main page.
10.
There are no conditions governing how long a shareholder can keep his
/ her shares. Players have the right to sell their shares immediately after
buying them. Also, they hold onto their shares for as long as they like.
11.
The minimum pay-in is 1 USD, there is no maximum.
New! As of May 25, 1999, the maximum limit for a single deposit has
been decreased to 30,000 USD.
__________________________________________
If you wish to see a copy of the complete rules, click here.
We wish you the best of luck! |
