User blog:Bandar Seri Begawan/Florin Council Official Announcement 5 - Stock Reform!

Hello guys once again! I apologize for posting so many blog posts in such a short time, but they are blog posts anyways, so I guess it is my right. :P

But in all seriousness, I am planning to reform the way stocks work to better closely match real life. This is in part inspired by how SoftBank owns 85% of Sprint, which would not be possible if they operated using the current Shilling Stock Market's ways. As such, I am introducing the legendary Proposition 4.

Stonks
Rather than having the Florin Council set your stock price based upon your company's performance, you will choose the stock price yourself. All transactions for stocks will have to go through the Florin Council first, but the earnings will go straight to you, without tax (for now - I have yet to decide). Similarly, if a shareholder chooses to sell their stock, they have to go through the Council first, then the Council will knock on your door and ask for the money. Failure to comply will obviously be a crime, but I doubt it should be a heavy burden.

Oh, and there will be a limited supply of stocks for your company. It starts at 100, and you can increase it by paying a fee, which also has yet to be decided upon.

Voting Control
Now, another big kicker - S3 will be abolished, or rather applied to everyone! Each stock will equal to 1 vote, and thus those who control a majority of the stocks (51 for the default level) will have de facto control over the company. Again, if they sell those stocks, then they lose control (but get back their money).

Conclusion
Hopefully I will be able to implement this properly. It may be challenging to keep track of all the stocks, but I'm certain I'll find a way!

Shalom!