Insider dealings

A few days ago, the share price of my blog came crashing down, from $0.04 to $0.00 because it was so overvalued that the share price was automatically readjusted. And that's massively overvalued. As in, second most overvalued out of 32,000 blogs (I never did check to see whether it got to #1).

So the share price is currently at $0.00 (or 0.47¢ to be more precise). And with all my shares inexplicably sold out, no one'll be buying any more to push up the share price at all.

Step in Mark Pilgrim (hopefully), who has said he will start doing insider trading deals - in return for free shares, he will prominently link to someone's blog for a week, thus pushing up the valuation, pushing down the P/E of the blog (making it 'undervalued') so that lots of people will buy the shares.

Good so far, except that I have no available shares for people to buy. However, there's something called Leveraged Buy Outs where the owner of a blog can buy back shares that have been bought, at three times the share price. So what I'm going to do is to buy back all my shares (at a price of $0.00) and then give all the former shareholders one-fifth the number of shares they previously had (rounded up where necessary). In monetary terms they've lost nothing because of the zero share price. I sell the remaining shares I have (minus the ones destined for Mark) and they're back on the market. Mark links to me (again, hopefully!), valuation goes up, hopefully share price goes up.

That's the theory, anyway. Posted here just in case you were wondering where all your shares had vanished to!

Update: In buying shares from my 19 shareholders and gifting Mark free shares, I have reached my limit of 20 transactions in a 24 hour period. So apologies, but everyone else will have to wait until tomorrow to get any shares back from me.