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14
GenerouS Stock Company Continues Impressive Growth (Economical)
Posted 9 years ago by
Connor    
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The GenerouS stock company has grown rapidly since it's founding on day 22, only eleven days ago.
At that time I listed our short term goals as follows:

-Sell 30 shares bringing share count to 80 and company value to about 160 gold

-Upgrade diamond mine to q3

-Increase share value to 2.5 gold per share

All of these short term goals have been met.

The long term goals I had for the company were:

-Sell shares and gather profit to increase corporation value to 1000 gold

-Upgrade diamond mine to q4, then either upgrade mine to q5 or build another q4 mine

-Establish a q5 Gift factory

-Increase share value to about 4.8 gold per share

We have already upgraded the diamond mine to q5 and share value has risen to about 3 gold per share and company value to about 650 gold.

I recently became aware of a major error in the game's assesment of company value. It appears that diamonds are being valued at well over twice their actual value. You may have noticed the dramatic drop in assessed company value recently. This occurred when several thousand diamonds which were sold for Turkish currency. It appeared that the company had lost a lot of value. So I manually assessed the company's value to get a better idea of where we are. Here is my assessment of company value:

Investments:

Stock company charter: 50 gold
Issue of 220 shares at 0.05 gold each: 11 gold
Build cost for Q5 diamond mine: 390 gold

Total investments: 451 gold

Liquid assets:

Gold: 114.62 gold
Irish currency: 1292.54 IEP at 0.04 gold per unit: 51.70 gold
Turkish currency: 108.75 at 0.08 gold per unit: 8.70 gold
Diamonds: 2528 at 0.15 TRY per unit: 30.34 gold

Total liquid assets: 205.36 gold

Total value of GenerouS: 656.36 gold

Value per share: 2.98 gold

I recently issued a poll to see if shareholders were supportive of issuing 80 more shares at 5 gold each to fund the establishment of a q5 gift factory. Shareholders were supportive but I'm holding off for two reasons. One is that the assessed share value at the time of the poll was inflated by about a gold per share (due to the game's overvaluing of diamonds). The other is that I realized I don't have the time and energy needed to do a good job managing this company so I'm looking for someone to take over. I intend to remain CEO for awhile while the transition is taking place to make sure the new manager is a good fit. I have submitted a proposal to issue 20 more shares at 4 gold each though, so that investors can spend their dividends on shares like last weekend. (I issued twice as many shares since last week demand exceeded supply).

Thanks to all the investors and diamond miners and buyers that make this happen!

Previous article:
Introduction and Investment Opportunity (9 years ago)

Next article:
GenerouS Stock Company Report (9 years ago)

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