Oct 10th 2011, 09:09 System Announcement
by Skip Oceanlane
Upgrade Coming Soon - Automatic Manual TransfersDear Capital Exchange Members:
Soon you will be able to buy and sell shares between two individuals, without my direct assistance as is currently needed. Our programmer Hamncheese Omlet is currently working on this upgrade which will make things much easier for all parties involved. Basically it will work like this:
1) The seller enters in the name of the avatar buying shares, with the amount of shares in a company he/she wishes to sell, and the amount of Lindens included in the sale.
2) The software automatically calculates the Transaction Fee (it's based on the last 90-day closing price average of a stock).
3) The buyer sees the request, and once approves the transaction with a few easy clicks, Lindens and shares are automatically moved from one account to another, and the appropriate fee deducted from the seller.
A major benefit besides convenience is that you'll now see this trading activity reflected in the daily trading volume figures. I estimate that between 10%-15% of all our activity is generated through manual transfers, so investors will now be able to see these figures included in overall trading numbers.
Note that this should NOT be used as an unsolicited way to sell shares. Violators will banned immediately. Capital Exchange must still approve all requests, but this will speed up the process tremendously.
I once again thank everyone for being a part of Capital Exchange. I am striving to make upgrades as quickly as possible based on our programmers availability. Look for more upgrades to come in the next few weeks.
CEO and Majority Shareholder