Outbid to 101m

VexGame.html

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@@ -192,9 +192,9 @@
 		<div>10,000 @ $1.02</div>
 		<div>10,000 @ $1.03</div>
 		<div>2,000 @ $1.00</div>
+		<div>5,000 @ $1.01</div>
 		<div>Seems like we have a few early bidders participating. Since you think the $100m valuation might have been a bit low, you might want to get in at a higher level.
 </div>
-		<div>5,000 @ $1.01</div>
 		<div>5,000 @ $1.00</div>
 		<div>10,000 @ $1.00</div>
 		<div>$1.03</div>
@@ -241,10 +241,6 @@
 		<div>0.248%</div>
 		<div>0.258%</div>
 		<div>0.268%</div>
-		<div>Who? What? Where? Why?
-</div>
-		<div>OK, let’s move on to the good stuff
-</div>
 		<div>Who are we: Vex Securities - FINRA regulated Broker Dealer
 Vex Registry - SEC regulated Transfer Agent
 Vex Capital - Exempt Private Fund Advisor
@@ -257,6 +253,10 @@
 
 Why Auctions: 
 Auctions determine our bid price. If the auction raises $1m or more, we will find sellers. If it does not, we will assume that there isn’t interest in the target company.
+</div>
+		<div>OK, let’s move on to the good stuff
+</div>
+		<div>Who? What? Where? Why?
 </div>
 		<div>Now that you have attached your wallet, we are ready to submit our bid. You are the first but others may join. If there is enough interest (at least $1m), the SPV will go hunting.
 </div>
@@ -400,22 +400,22 @@
 </div>
 		<div>You can find your position at Vex Registry LLC which has been appointed by Vex Capital LLC as the Transfer Agent. From there, you can see your units and any balances for current auctions.</div>
 		<div>We will go there later. You could also view the auction which will no longer be active but you can see how the bidding unfolded and go back into the history of the action.</div>
-		<div>20,000 @ $1.05
-
+		<div>20,000 @ $1.03
 </div>
 		<div>As Day 3 starts, it looks like the auction will fill out soon. Notice that bids at $1.00 have dried up. You actually have a bid at $1.00 that is close to the top of that stack (yellow).
+</div>
+		<div>20,000 @ $1.01
+
 </div>
 		<div>20,000 @ $1.02
 </div>
 		<div>20,000 @ $1.04
 </div>
-		<div>20,000 @ $1.01
+		<div>20,000 @ $1.05
 
 </div>
 		<div>20,000 @ $1.02
 
-</div>
-		<div>20,000 @ $1.03
 </div>
 		<div>On Day 2, you will notice that despite all the bids at higher levels, the clearing price of this auction is still $1.00, implying a valuation of $100m for LexCorp.
 </div>
@@ -472,6 +472,42 @@
 		<div>0.975%</div>
 		<div>0.995%</div>
 		<div>1.000%</div>
+		<div>If the bidding continues, the third bid will soon be completely out of the running. You can let the bid lapse, at which point you will be refunded or you can increase the bid.</div>
+		<div>Partial
+</div>
+		<div>Day 3</div>
+		<div>Looking at our LexCorp bids, the bottom one has a status of “Partial”. That is because there are enough bids on the book to clear only part of this bid.</div>
+		<div>Let’s bump up our bid to $1.05.</div>
+		<div>Our ticket is loaded. Note that the bid is no longer $1.00 but $1.01. We can no longer place bids at $1.00 because they would automatically fall below the cut off line.
+</div>
+		<div>$10,100</div>
+		<div>For now, we are just going to up our bid to $1.05 and submit it. Remember that your wallet is attached and will be debited a further 500 USDC.
+</div>
+		<div>$10,100.00
+</div>
+		<div>If future bidding encroaches on the $1.05 level, the second bid being the later bid, will get knocked out first.</div>
+		<div>Let’s go back to the LexCorp auction to see the changes.</div>
+		<div>Day 3
+</div>
+		<div>Our bid has updated but you will notice that there are two bids for 10,000 units at $1.05 rather than one bid of 20,000 units. All bids are prioritized by price then time.</div>
+		<div>20,000 @ $1.06</div>
+		<div>$1.06</div>
+		<div>$1.07</div>
+		<div>20,000 @ $1.06
+
+</div>
+		<div>20,000 @ $1.07
+
+</div>
+		<div>30,000 @ $1.07
+
+</div>
+		<div>$1.08</div>
+		<div>The clearing price is still $1.00, implying a valuation of $100m. Two things have changed. First, you can no longer place a bid at $1.00. Second, this auction will clear successfully in two days.
+</div>
+		<div>As the “Outbid Bar” sweeps down the $1.00 line, a couple of bidders have also improved their bids. When the “Outbid Bar” reaches the bottom, all remaining bids will be refunded.
+</div>
+		<div>10,000 @ $1.06</div>
 
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