Unable to retract shares

When attempting to retract shares the order seems to be allocated to the ceo / country instead of the corporation itself.

Can anyone else confirm this bug?

If it was an initial share offering and you are trying to retract that offer then they still belong to the CEO/Country, the owner of the corp.

Is that what you mean?

No.

Existing shares on the market, held by other entities in my empire - IF's, countries or another enterprise.

Usually pressing "repurchase shares" from the corporation page allows the corp to remove shares from the market, increasing the % market share of entities that have not sold their shares. This repurchase order can usually be viewed when "listing shareholders" from the corp page as the owning entity as the root, and still does with outstanding orders made in this way.

The problem at the moment is that shares ordered in this way are now listed in the ENTERPRISE / COUNTRY share orders list, even though the share buying page clearly states:-
"Order for: Corporation retracts shares"

This means that corps cannot currently repurchase their shares.

Hmm, cant offer any insight on that one. I would wait until some of these share retractions go through and see if the shares still go to the corp. In theory, your country shouldn't be able to purchase shares of corps in itself.

Andy, any help on this one?

bump

Yes I just tried it, it's a bug probably injected with what they are doing to attempt limits.

Write to the gamemaster explaining it in detail and I'm sure they'll deal with it.

We're looking into it. Thanks for reporting this.

Jonni (a.k.a. Jonathan, a guy)

This still has not been fixed.

I believe this feature has been intentionally disabled whilst an "exploit" is removed.

Still an issue. Also cannot reduce shares of a corp that you managed to acquire 100% of the shares in, thus making the P/E high. This in turn makes it so that I cannot reissue a Public Offering of certain Corps. Seemingly they don't even reverse split when private. I own 100% of the shares I should be able to somehow reduce the Share count.

I'll just throw this one in here as well:

https://sim05.simcountry.com/cgi-bin/cgiw?ccorpshares&miCorpNumber=3288273#shareholders

That corp as been trying to issue new shares since forever. I have an order to buy those shares for a day now. No nothing. And there seems to be older orders than mine.

My order is set to buy on market price. However, the game lists the best bid at 0.00 SC$ and the ask at 1,653.16 SC$.

Retracting shares still does not work.

This isn't about the retraction scam. That was nullified many months ago, unfortunately.

Share retraction is still broken.

It used to be that a corp could use its own cash to repurchase its shares, and that would lower the shares outstanding. This allowed the controlling shareholder to use the cash of the corp to increase his percentage of ownership.

But now "repurchase shares" and "buy shares" do exactly the same thing: they use the cash of the CEO or country, not the cash of the corp. And "repurchase shares" no longer decreases the number of shares outstanding. It's been four years since share repurchase stopped working as described by the documentation:

<!-Quote-!>Quote:

49. Corporations can repurchase their own shares
Corporations can repurchase their own shares on the stock market. This may result in soaring share prices but the corporation may have a lot of funds and use them. Higher share price will result in higher market value. Corporations can repurchase their shares if their net cash is positive. A corporation with high debt will never repurchase its shares. It may decide to issue more shares and use the cash to pay debt.

When shares are purchased, they are destroyed and the number of outstanding shares is reduced. The reduction can go down to 10 million shares but not lower. The number of shareholders may be reduced and if only one shareholder remains, the corporation is not public any more. If the one shareholder is a country, it becomes a state corporation. If the one shareholder is an enterprise, it becomes a private corporation.<!-/Quote-!>