Let’s get some good Nation representation, Gang!

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Here is an email I was forwarded by a Nation member regarding splits. Nation members have been trying to understand if the “period of time” that an SOI averages under 75 cents is days, hours, or minutes. Here is the answer…

Props to New2Boston for calling it. Props to Jayhawk for getting an answer. I know it’s not not a hard concrete time frame, but it gives us an idea how the market works going forward. Great job.

(Jayhawk),

Beginning Friday night, Issues will reverse split at a ratio of 1:2 as necessary to achieve a price above $0.75 so anything at or below $0.37 would reverse split multiple times.

The SOI weighted average price representing trades for an (undisclosed) period of time leading up to close (think minutes and hours not days) determines if a split/reverse split will occur. This will accurately reflect recent activity but discourage single goofy trades from forcing actions.

Thank you for coming on. I hope you enjoy the site.

Best Regards,

The OneSeason Team!

Special Edition of OneSeasonTrader Radio tonight. Trader Radio is the official live radio of the NATION.

It’s true! The Nation will be live on OST Radio tonight. Here is the news clip off Knup’s site.

The man, the myth, the legend - Bullpup of OneSeasonNation.com will be the special guest host tonight with Knup and JC on OneSeasonTrader Radio. The show is at 9 CST (10 EST) and typically lasts an hour. More details here:
http://oneseasontrader.com/oneseason-trader-radio/

If you have questions or comments for us or for Bullpup - give us a call (call in number provided during show) or join in on the live chat during the radio show.

* Will sdog call in with stories from Thailand?
* Will carlinio call in - ever?
* Will anyone question JC’s predictions?
* What’s everyones thoughts on the reverse split changes effective Friday?

See you there!

It came to my attention today, while sitting in the barber’s chair at the local barbershop that a lot of people had not seen this video yet. It truly is amazing.

I saw this in the forums over on CourtRivals.com I’m not sure if there is anything more awesome than this in the world. Well, other than the post two down from this one.

The Free $10 is still available. Get your friends and family their free $10 while it’s still available. They can click the picture below to sign up and get their free $10 to start. (The Nation gets credit too, and if we get enough money from it, we’re buying a new chat room for the forums!)

I am now beginning to know why Shay and the guys are Redskins fans…

Vman23 took the time to write an article about a different way of thinking about the current market. What are your thoughts? Post in the comments below for discussion. It is all very interesting conversation. Thanks Vman!

I was originally big on the notion that a series of reverse splits was exactly what the market needed to move ahead. I mainly based this on a supply/demand notion, figuring less shares would be less supply and find a point where demand would be satisfied.

However, I now believe that the supply/demand is not the engine that drives this market. What we’re really investing in are two things: 1. Innovation; 2. Fun/excitement. At this point, we have neither. The market has stagnated. Yet as we saw tonight as the market tanked and neared reverse split, there was a flood of action, people were hitting “refresh” over and over and there was legitimate interest. This tells me that it’s “action” we’re after, not simply profits.

How do we solve this? I know that the IPO scheme is mechanized, but as we see tonight, OS brass seem open to making changes that will help the health of the market so long as it maintains the core principles of their concept. I propose that the best way to generate fresh interest, spark movement and make the site fun, is to unleash a flurry of IPOs. Since there is fear a small batch of people will profit on the seemingly “unfair” (not my opinion, I think it’s a good system), small tweaks should be instituted. But the most vital part of this plan is to keep the IPO release incredibly small. 500 shares. Then let the market determine what happens. Maybe they split 5 times. Maybe 10 times. Either way, you can be sure that a flood of activitiy will follow. If you have 10-15 IPOs posted in the next week, you’ll raise the number of athletes by about 25 percent. At that rate, we can double the number pretty quickly. Will this destroy the value of lots of existing SOIs? Probably. But is that a bad thing? I don’t think so. But how better to see the force of a free market than to open it up in this way? I honestly see no downside to such a barrage of IPOs.

That leads to solution No. 2. There’ve been lots of calls for the 3rd party apps to get up and running. This is absolutely vital, because right now every stock is worth about the same. Float isn’t affecting price. Performance isn’t affecting price. Image is having a bit of an influence (AIRJ, KING, KOBE) but not nearly what it will to turn this into a game and add some sort of value to what are currently meaningless/valueless commodities.

Oneseason gave me and a lot of others a great hobby and it’s killing me to sit idle, waiting while a small group of big investors (I hold about 1000 shares, so you can determine how big/small time I am). We’re a short attention span generation and several weeks of NOTHING is about the only thing I see killing this site. It’s up to the honchos and the developers out there to keep the ball rolling, because I think we’re only days from OS falling off a lot of people’s radar. What better way than by unleashing Pierce, Ruth, Hamels, Gretzky and a dozen others on the OS faithful?

OneSeason landed a knock out blow today to SOI Split Manipulators (people buying or selling shares at no reason other than to make a stock split). They implemented a new splitting mechanism that requires an SOI to trade for a certain period of unknown time, and average under or over the targets, in order for the split to occur. No more shenanigans at the bell forcing things to split.

Tonight’s trading activity saw folks selling shares at .01, trying to force reverse splits. What they didn’t realize by reading OneSeason’s Blog was that the weighted average went into effect TODAY, and SOIs trading at 75 cents or less for X amount of time will be reverse splitting no earlier than after the close of business on Friday. Right now there are a good amount of SOIs under 75 cents.

This was a great move on OneSeason’s part to stop people from selling shares for any reason other than pure trading. If you sold at .01 trying to force Eli tonight….Sorry, but OneSeason gotcha.

Splitting & Reverse Splitting Changes
December 1, 2008 – 9:44 pm

We are revising the splitting mechanism (including reverse splits) to occur based on an SOI weighted average price for a period of time leading up to the close of the trading day. This is intended to balance transparency and accessibility along with scalability and prevent forced actions that do not accurately reflect trading activity.

Beginning after the close of trading hours on Friday (12/5/08), reverse splits will occur when the weighted average price for a period of time leading up to the close of the trading day is below $0.75. The SOI will reverse split at a ratio of 1:2 as necessary until the price is above $0.75.

Any fractional SOIs that are created in a reverse split can’t be traded and therefore will not be displayed although they continue to exist in your account in case a future split causes them to become a full SOI that can be traded.

Please note that splits and reverse splits do not change the Total Value or Percentage of Ownership.

Thoughts Nation?

It seems to me that they are going to base a split being necessary based off of not it’s closing price, but it’s average price based of what it has been trading at for a certain period of time on any given day?

For those with an attention span similar to my own, here is the synopsis: there are way too many SOIs. Supply grossly outweighs demand and is causing prices to crash. Crashing prices are dissuading new users and the lack of new buyers cause the prices to crash even more. The market will go through reverse splits, the supply/demand will balance, people will develop 3rd party apps to create tangible demand for SOIs, and the subsequent rally will be intense. Now, for those of you who are still with me, here is a little more detail…

In these very early stages of OneSeason it is obvious that nobody knows how to value an SOI. At least, I certainly do not. The buying frenzy of the first couple weeks had traders paying north of $100 for KOBE, AIRJ, and YAOM (among others) and that led to an oversupply of SOIs. That excess supply combined with a slowdown of new users then led to a comparable selling frenzy where you can now buy them for a tiny fraction of that, even taking splits into account.

What does that mean? It means good old fashioned supply and demand is what moves this (and every) market and the market has not matured to a point where there is a reasonable balance between the buyers (demand) and the sellers (supply). There are many reasons why this continues to be the case (slowdown in new users, too may splits, flawed IPO process) and we can debate which is the most important reason for the excess SOIs in the marketplace. Or, I should say YOU can debate which is most important. I will just be waiting for the market to correct itself, trade lower and take away that excess supply via the very natural reverse split process.

A reverse split will reduce the number of outstanding SOIs in HALF. That is a dramatic change. With the current imbalance of supply / demand, it is conceivable that every SOI will reverse split. Suddenly there will only be half as many WADEs and NASHs, maybe only 25% of the current AIRJ (must split twice IMO).

When the reduction in supply balances with current demand the change in market sentiment will be immediate, and we will start climbs back to $20. With a market growing at a sustainable pace, OneSeason’s marketing plans continuing to grow, and the prospect of legitimate 3rd party applications designed to leverage the popularity of OneSeason, we will see the long, sustained rally we all hope for.

by Nation Member TheKid