Post by skrouse on Jun 18, 2021 12:49:42 GMT -5
Welcome back to Skrouse Capital Management (SCM)!
We are pleased to return for the 3008 season to continue offering TMBSL GMs an investment account where they can use their hard earned skrouse skratch (TM) to buy and sell TMBSL Team Stocks! We do a few rule changes for this season so whether you are a new or returning investor, or just a little fuzzy on the rules here is a refresher.
At the beginning of each season GMs can transfer up to 10K of their skrouse skratch from their Skrousey Bank Account to their SCM Brokerage account, that's right we are raising the initial deposit limit from 1K to 10K this season. At the end of each season, GMs can then withdraw their skratch or carry it over to the next season to keep the fun going. This article series is not just a place where GMs can use their prowess to make a return on their skratch, but also a mini game for GMs to compete for 5K. The competition is based on overall Rate of Return (RoR). The GM with the highest RoR at season's end wins the 5K prize from my own account at the Skrousey Bank.
Prices are based on current total win projections based on current winning percentage. The only time this is not true is for the opening trading session following Preseason where the Prices are based on eric's projections. Prices will be adjusted every 3 sims based on a team winning percentage at that time. 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 3%.
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 Mike is willing to sell 2 of his shares of BRK @ 58, and Dirt 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 $500/Price rounded down 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 8 shares.
GMs will be able to post their buy and sell transactions in the Ticker Tape article thread which can be found in the Banking folder here. SCM will process all transactions immediately following deadlines set by the league office for sims 1, 3, 6, and 9. There will also be a trading session for ONLY selling stocks following sim 12. SCM will display all positions and balances before sims 1, 4, 7, 10 and following sim 12.
Terms
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 increase in Total Market Value, aka Rate of Return, by the end of Sim 12. The winner each season will receive 5K from my personal bank.
Goal of the game: To have the largest increase in Total Market Value, aka Rate of Return, by the end 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 current season's Ticker Tape thread that will be Pinned at the top of the Skrousey Bank.
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
5. Prices posted following Sim 12, a SELL ONLY Trading Session closes at deadline of FA Day 1.
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:
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: A GM will be allowed to deposit up to 10K from their Skrousey Bank account to the SCM Brokerage account during the first open Trading Session of the 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.
