| Thursday, September 10, 2009 - 10:16 pm |
I have a Public Weapons Corp that's $40B in debt and now SimC has cut wages to 54%, so I'm forced to operate at 10% staff. I'd like to sink $50B and get it going again, as I make some $ that doesn't show in the corp by using cycles--besides if it closes I'd still be out $40B.
I've bought all but 15% of the stock, but can't find a way to turn it back into a private corp, pay off debt, and get it back to 100% hired. Any ideas other than "don't go public."
| Friday, September 11, 2009 - 07:47 am |
Im not sure but if u finish buying all available shares it should turn back into a private corp. Once u own 100% that is.
| Friday, September 11, 2009 - 09:00 am |
Is it in a country you own? If not, put it in one you own and nationalize it.
| Friday, September 11, 2009 - 03:07 pm |
You can also issue more shares if your corp is worth anything. You buy those shares, providing capital. If you say it is a profitable corp, then your corp should be worth something. If it is worth pennies, then you must of had a very long cycle of crappy results.
But TD's idea of nationalisation is the easiest one.
| Friday, September 11, 2009 - 09:40 pm |
Actually it is in a country I own (Mullin) and I did nationalize them (two corps) they stayed public corps, the nationalization line is no longer there, and I still can't directly put $ in. That seems peculiar to me! Is it possible there's a bug in the nationalization of public corp? Did this nationalization method work in the past?
| Friday, September 11, 2009 - 10:49 pm |
I tried a few approaches and found that if I did a check to see how many shares were outstanding, then offered to purchase shares for my country the deal offer would go through. In one case the system wouldn't let me offer to purchase all shares, but I'll wait till I hear that the purchases have been made, then try to purchase the rest. Thanks for your input on this! It inspired me to try again.
It still seems strange that the nationalization didn't accomplish this!
| Sunday, September 13, 2009 - 07:07 am |
Nationalising = bidding on a corp = you take all the shares that the majority owner had.
example : if the majority owner had 30%, and you had 23%, then you will have 53%(and you still paid the full price by the way), so it doesnt do the whole job. I thought you had the majority owned.
Who are the other owners? If they are CEOs, you could try asking them to sell, but if it is investment funds, usually it should sell rather quickly. My guess is that it is owned by another CEO or even country(that could be a C3), so its very unlikely you will get it,sorry.
| Sunday, September 13, 2009 - 06:47 pm |
Thanks Split. I checked, 15% of the outstanding stocks are owned by a CEO who owns only 4 corps, with only one operating at over 50% hired. The other is a C3 investment fund--they own only .34% of outstanding shares.
I'm guessing that the CEO has gone inactive and perhaps this holding will be freed when SimC closes the Enterprise. When a some player takes over the C3 (Tinako on Antilla Major) the investment fund might be triggered to sell it's holding. Thus I'll be patient and see what happens.
I've cut government salaries and social security payment and bought pop; employment in these corps have increased. I'm going to try the "repurchase" on these corps and also on a corp where the cash is enough to buy back all shares to see if any of these result in making the corp a private corp again.
These kinds of problems force you to learn some of the intricacies of the game!
| Sunday, September 13, 2009 - 10:05 pm |
But like i said, if your corp is worth anything, you can make new shares, to fund your corp.
| Wednesday, September 16, 2009 - 06:32 pm |
My repurchase of shares didn't make any corps into private corps. I haven't successfully accomplished the stock issue/purchase thing, but I'll keep fiddling with that.
| Thursday, September 17, 2009 - 11:05 pm |
I would consider closing the doors, if it appears you might be throwing away good money after bad. Since the corp in question is in your country and you own majority shares, you can close the corp, pay a fee ($50 billion to yourself) and move on. That's what I would do...
Or you can weather a very long cycle and "hope" that the price of the product your corp makes moves back up. I have found that some products have very long cycles and it wasn't worth waiting - time to move on, in some cases.
Don't forget opportunity costs...
| Saturday, September 19, 2009 - 05:20 am |
I did sucessfully make a country go from a public to private. What I did was do a repurchase (the cash on hand in the country was more than the value so I was able to offer to buy all shares), then I listed all owners and did a secondary round of purchase offers totaling shares still outstanding (excluding mine) then I after that I nationalized. It shouldn't be that difficult and slow.
Jamato, you're right--I probably should have closed the corp, but then I'd have to repay the $50B in loans outstanding (I think). I'd like to figure out a way for the corp to repurchase all my shares, then the remaining shareholders (who've refused my purchase offers) will become majority owners and they'll be liable for the debts.
| Sunday, September 20, 2009 - 09:11 pm |
A C3 Corp where an investment fund held 3.4% of outstanding shares finally sold it's last .2% of shares to me, so another corp moved from public to private. I had to do a sequence of offers to prevent the system from refusing purchase offer on the grounds I was buying more than 100% of shares. There must be some sort of computational problem here.
The only thing left is an inactive CEO (Jacksonville) that holds 15% of outstanding shares of a corp that's worth saving. There should be a way to shake these shares loose!