ticalc.org Completes IPO
Posted by Michael on 1 April 2004, 00:50 GMT
As many of you know, it costs quite a bit of money to run a website with the astounding level of traffic that we receive. In order to raise enough funds to cover next year's bandwidth expenses, we are pleased (actually, overwhelmingly excited) to announce that ticalc.org has just completed its initial public offering of stock.
We are now traded as a nonprofit corporation on the electronic communications network Archipelago. This allows for 24-hour, real time trades under the ticker symbol CALCS. Our initial public float was 1,000,000 shares at a par value of $0.25 each.
Because of unexpected demand, as of the time of this writing, we expect Isaac to place first in the list of the world's wealthiest people, with a net worth of $76 billion. Magnus is second with a current worth of $43 billion. We have created a stock ticker (quotes delayed 15 minutes) with the current ticalc.org price:
CALCS: $
We thank all of you for investing in us, and hope to continue to serve the community for many more years now!
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The comments below are written by ticalc.org visitors. Their views are not necessarily those of ticalc.org, and ticalc.org takes no responsibility for their content.
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Deja Vu...
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molybdenum
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Weird, I saw this and thought, "Hey, why are they doing the same thing they did last year?" It took me a while to figure out that they suggested pay-per-click last year, not this. Or was last year the HP ad? These jokes are always so financially oriented. I think a good one would be hiring Linus as news editor or deleting non-educational programs. This one was great, especially because of the changing ticker, adds some "interactivity."
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1 April 2004, 05:36 GMT
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Re: ticalc.org Completes IPO
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Eugene Talagrand
(Web Page)
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CALCS: $ 67.75
Change: 27000%
If there are 1000000 shares, and assuming Isaac and Magnus had all the shares at no cost, even by selling now they would only be worth a combined
$67,750,000 -- definitely not $76B+$43B!
And if they expect the stock price to rise (to get that worth, each share should be worth at least $119000 if they control the supply) -- why start at $0.25??!
And here I thought this was a calculator site :)
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1 April 2004, 13:12 GMT
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