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Finish Day 4
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jgcrossman2 committed Jul 9, 2024
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22 changes: 12 additions & 10 deletions VexGame.html
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<div id="vexgame_hype_container" class="HYPE_document" style="margin:auto;position:relative;width:812px;height:375px;overflow:hidden;">
<script type="text/javascript" charset="utf-8" src="VexGame.hyperesources/vexgame_hype_generated_script.js?82360"></script>
<script type="text/javascript" charset="utf-8" src="VexGame.hyperesources/vexgame_hype_generated_script.js?11723"></script>
</div>

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<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>
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<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
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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>
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</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).
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</div>
<div>20,000 @ $1.04
</div>
<div>20,000 @ $1.02
<div>20,000 @ $1.05

</div>
<div>20,000 @ $1.03
<div>20,000 @ $1.02

</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>
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<div>20,000 @ 1.10</div>
<div>The bids have remained in the same order since we started from the top. If we had done them in a different order, their priority would have shifted accordingly.</div>
<div>$1.12</div>
<div>20,000 @ $1.12
</div>
<div>20,000 @ $1.04</div>
<div>As Day 4 ends, we are seeing more and more upgrading of bids to keep up with the clearing price. Bidders are starting to reveal what they think the final bid should be.
</div>
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2 changes: 1 addition & 1 deletion VexGame.hyperesources/vexgame_hype_generated_script.js

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