There is something like a Laffer curve for sharemarkets, only you'd need another name for it ... where in place of taxes you have regulatory oversight and authority, and where zero regs makes for wide-open crime that strip any possibility of confidence from your capital markets, making them useless ... where total regulation means no fraud but also no transactions, as everything is both illegal and priced out of reach .... somewhere between is a happy medium, or a least-unhappy medium, the point at which a reasonable confidence is possible in the majority of market players, and still the cost and stiffness of regs don't apply a punishing friction to exchange, so you get maximum flow of productive capital placement
We could start up an exchange right here on the thread, and trade Wildcat shares, all we'd need would be a transfer agent willing to act on completed trades [well, might be a good idea to check if there are any specific laws against gyppo stock exchanges] .... everything is time and date stamped here, archived for open retrieval by anyone, so it would be a true open outcry market, and all agreements must be stuck to, a deal is a deal is a deal ..... no need to sacrifice anonymity either, as a participant need register only with the transfer agent
What is the all-up cost to get listed on the venture, nowadays, quarter of a million or more, i bet, then serious bucks annually after that .... the pinksheets are just not an option for any length of time, as that's an MM operation where they are working the spread and the buyer is way in the hole from the moment of purchase . |
