Skrouse Capital Management (3007)
May 27, 2021 22:42:44 GMT -5
andrewluck, TinyTimPig, and 1 more like this
Post by skrouse on May 27, 2021 22:42:44 GMT -5
From the creator of the hit articles s2c: a podcast and s2c: a look at the Skrousey Bank comes a new article experience for TMBLS GMs everywhere...
Welcome to... Skrouse Capital Management (SCM)!
We are excited to share a fantastic investment opportunity with you! We are pleased to be offering TMBSL GMs and League Officials an investment account where they can use their hard earned skrouse skratch (TM) to buy and sell TMBSL Team Stocks! At the end of each season, GMs can withdraw their skratch or carry it over to the next season to keep the fun going. If a GM finds themself below a Total Market Value of 1K skratch at the end of a season, they may chose to deposit up to 1K additional skratch during the off season*.
Prices will be adjust every 3 sims based on current team projections. SCM will act as the exclusive market maker for all TMBSL Team Stocks and offer to buy and sell minimum lots of stocks at the ask and bid prices. Ask and bid prices will be based on the current price of the stock, marked up or down by 4%. I.e. BRK with a price of 57 can be sold at the bid of 55 or purchased at the ask of 59.
SCM also offers cross trades where two GMs wishing to Buy and Sell with each other between the bid and ask prices can do so. I.e. If the Chicago Bulls GM is willing to sell 2 of his shares of BRK @ 58, and the LA Clippers GM is interested in buying them @ 58, SCM will broker the transaction for them - at no additional cost! As mentioned, minimum lots will be applied to every purchase and sale, minimum lots are based on a formula of $100/Price rounded to the nearest whole number. I.e. 1 share of BRK @58 could not be bought or sold, a deal would need to be for at least 2 shares.
GMs will be able to post their buy and sell transactions in this article thread, SCM will process transactions immediately following deadlines set by the league office for sims Preseason, 3, 6, 9 and 12. SCM will display all positions and balances before sims 4, 7, 10 and Playoffs.
For our inaugural season, we will use an experimental pricing system, which is subject to change in the future. Teams will be notified of a change to pricing promptly.
Here is a preview of what prices would have looked like immediately following sim 12 of the 3006 season. Stay tuned for updates, SCM will post opening prices following the Preseason and trading can commence!
Ticker Prices Bid Ask Min Lot
ATL 29.0 28 30 3
BRK 57.0 55 59 2
CAR 50.0 48 52 2
CBO 32.0 31 33 3
CHO 30.0 29 31 3
CBU 45.0 43 47 2
CST 52.0 50 54 2
CLE 46.0 44 48 2
DAL 37.0 36 38 3
GSW 51.0 49 53 2
HOU 17.0 16 18 6
IND 56.0 54 58 2
LAC 53.0 51 55 2
LAL 47.0 45 49 2
MIA 40.0 38 42 2
MIL 60.0 58 62 2
MIN 57.0 55 59 2
NYK 39.0 37 41 3
ORL 47.0 45 49 2
PHI 58.0 56 60 2
PHX 47.0 45 49 2
PIT 43.0 41 45 2
POR 13.0 13 14 8
SAS 13.0 13 14 8
SEA 33.0 32 34 3
TEX 51.0 49 53 2
TOR 35.0 34 36 3
VAN 30.0 29 31 3
WAS 21.0 20 22 5
Example of Position and Balances after one full season (3006) where all teams bought the max amount of their own stock during the first trading session and held all season.
Balance - current skrouse skratch (TM) available in a GM's Brokerage Account that can be used to purchase Team Stocks
Market Value - current value of all Team Stocks (positions) held by a team based on Shares times Price
Total MV - current Market Value plus Balance
Price - current market price of a Team Stock. The Price is based on current winning percentage of a team times 82 (games). For example, a team that has a current winning percentage of 100% will have a price of 82. If their winning percentage was 50%, it would be 41. A Price can NEVER fall below 1.
Ask (price) - current price at which a GM can BUY Team Stocks from SCM.
Bid (price) - current price at which a GM can SELL Teams Stocks to SCM.
Minimum Lots - minimum lots are the lowest amount of shares that can be bought or sold in a single trade. They are based on a formula of $100/Price rounded to the nearest whole number. Minimum lots will change throughout the course of a a season.
Cash Out Value - amount of skrouse skratch (TM) a GM can obtain by selling all Team Stocks they hold to SCM, calculated by taking all current stocks held times the Bid. (Does NOT account for value that can be obtained by selling to another GM)
Beg. TMV - a GM's Total MV at the Sim 1 deadline
End. TMV - a GM's Total MV at the Sim 12 deadline
Change - the difference between a GM's Beginning TMV and Ending TMV. This will be used to determine the winner of an individual season's game.
Cross Trades: SCM has a fiduciary responsibility to execute all orders at the best available price for its customers. If one GM is looking to BUY a particular stock, while another GM is looking to SELL the same stock during the same Trading Session, the BUY and SELL will be executed as a Cross Trade between the two GMs. Cross Trades will be executed at the current Price, which will always be between the Ask and Bid. Cross Trades will be executed on a First In First Out basis. Example below:
Rules
Goal of the game: To have the largest Change or increase in Total Market Value by the deadline of Sim 12. The winner each season will receive 5K from my personal bank.
Goal of the game: To have the largest Change or increase in Total Market Value by the deadline of Sim 12. The winner each season will receive 5K from my personal bank.
Trading Sessions: GMs only will be able to Buy and Sell team stocks from SCM during the open Trading Sessions. The Trading Session Schedule is posted below. Prices will be posted by SCM proceeding the previous sim and GMs can post orders before the following sim deadline. Orders posted in the Ticker Tape thread will are final at the deadline of Sims 1, 4, 7, and 10.
Ticker Tape thread: All GM orders shall be posted in the Ticker Tape thread that will be Pinned at the top of the Skrousey Bank. A new thread will be created for each season.
Trading Sessions Schedule:
1. Prices posted following Preseason, Trading Session closes at deadline of Sim 1
2. Prices posted following Sim 3, Trading Session closes at deadline of Sim 4
3. Prices posted following Sim 6, Trading Session closes at deadline of Sim 7
4. Prices posted following Sim 9, Trading Session closes at deadline of Sim 10
Pete posts a SELL of 10 Shares of LAL @ 10:15 AM EST
Dirt posts a BUY of 5 Shares of LAL @ 10:30 AM EST
Odin posts a BUY of 10 Shares of LAL @ 11:00 AM EST
Current Price of LAL is 47.0, with a Bid of 45.58 and an Ask of 48.40
This will be executed as:
Pete SELLS 5 LAL to Dirt @47
Pete SELLS 5 LAL to Odin @47
Odin BUYS 5 LAL from SCM @48.40
Order Edits: Any edited posts in the Ticker Tape thread will be ignored, if a GM wishes to adjust an order they must delete their post and post a new order. The Ticker Tape thread will be locked at the deadlines of Sims 1, 4, 7, and 10. It will be reopened once all orders have been processed.
Off Season Cash Outs: A GM may elect to Cash Out their current Brokerage balance to their Skrousey Bank balance at any point following Sim 12 up to the next season's Preseason deadline. Between Sim 12 and the Deadline for FA Day 1 bids, a GM may elect to liquidate (Sell) any positions held at the current Bid price in order to cash out the funds. These fund will be immediately transferred to their Skrousey Bank.
Annual Deposits: As of today, a GM will be allowed to deposit exactly 1K from their Skrousey Bank account to the SCM Brokerage account during the off season. The deadline for depots is at the close of the first trading session, a.k.a. Sim 1 deadline.
Disclaimer - These are the Rules as of today, they are subject to change. All GMs will be notified of any changes promptly. The Commissioner maintains the right to veto any transaction he deems inappropriate based on existing TMBSL 6.0 rules.
