A day after trading was halted, PopSci got official confirmation from NASA that their COTS agreement with Rocketplane Kistler had not yet been terminated and the stock paid out at $0. A tricky prediction to pin down, the market nevertheless guessed correctly: RKPLOVR was trading at $32.75 when halted.—Abby Seiff
Today on PPX we have halted not one, not two, no, not even three, but FOUR propositions—all of them paying out at POP$0. No surprises here—all of the stocks in question had been trading below $10 for several weeks.
In summary, Digg.com was not shut down, no NASA bigwigs were fired, the iPhone was not recalled, and Facebook.com did not go public:
DIGGRIP: halted at POP$0.50
PNKSLP: halted at POP$2.50
FACEBOOK: halted at POP$5.25
IPRECAL: halted at POP$0.25
As always, happy trading! —John Mahoney
A few months ago, when PPX was but a wobbly infant, we tried out the idea of a one-percent commission on all trades, with the idea that this would keep the market more fair and accurate. Unfortunately, since there were only a few thousand traders at the time, the exchange came grinding to a halt, and we responded by removing the commission to encourage a fun environment with a high trade volume.
But now that PPX is more mature, with a community of over 16,000 members, we're ready to try the experiment again— in a new, carefully considered fashion. This time around, rather than charging a percentage of the trade value, PPX will charge a flat POP$0.25 per share for each trade. The commission will be instated at 3 pm EDT, tomorrow: Friday, September 28th. Our hope is that this policy will increase the accuracy of the predictions generated.
The Cliff's Notes version of this blog post: You have until 3 pm tomorrow to trade for free, so get those stocks while they're hot. —The PPX staff
Today, the deep-space asteroid-studying spaceprobe Dawn was successfully launched on schedule, satisfying the requirements of DAWNOK. After a few false starts, NASA's mission to study the origins of the solar system is now officially under way, headed forthe main asteroid belt between Mars and Jupiter. The unmanned
spacecraft will begin its exploration of Vesta in 2011, and Ceres in
2015. By comparing the two asteroids, scientists hope to learn more
about how the solar system formed and why Vesta and Ceres failed to become full-size planets.
Back on this planet, our stock was halted at a price of POP$78.75, and will pay out at POP$100 immediately. Onward and upward! —John Mahoney and Dawn Stover
Far sooner than popularly anticipated, the PPX stock GASTRTY was halted and delisted this morning, for a payout of POP$100 per share. The proposition promised a payout if China and the U.S. sign a binding treaty concerning their greenhouse-gas emissions by 2009. Over the weekend, the two nations joined nearly 200 others in a deal to phase out hydrochlorofluorocarbons (HCFCs) over the next 13 years.
Trading at $52.25 at close, the market was (just) predicting correctly. Slight ambiguity in the proposition's wording may have contributed to the lack of optimism—though a dangerous greenhouse gas, HCFCs form just a fraction of the total emissions. Carbon dioxide, on the other hand, makes up over 80 percent of greenhouse gas emissions and is more likely to be the problem one might expect an international treaty to tackle. Nevertheless, an agreement concerning greenhouse gas emissions was signed by China and the United States, and, with the requirements technically met, the proposition paid out. Be on the lookout for a more expanded proposition on this subject.—Abby Seiff
We've been anticipating fuel-cell powered gadgets for a while now, and today a small but significant step was taken to bring them one step closer: the U.S. Department of Transportation moved to amend aviation regulations to allow for passengers to carry on methanol-based fuel cells when they fly. The proposed amendment would allow for one fuel cell unit and two methanol fuel cartridges to be brought on board per passenger. Although methanol is a flammable fuel, the electricity-generating reaction inside of a fuel cell does not require combustion—with carbon dioxide and water vapor being the only byproducts of the reaction. Similar rules amendments have already been made to the transportation regulations of several other countries, including Canada, Japan, the U.K. and China.
Mobion—the makers of one of the most promising methanol fuel cells for use in mobile technology (pictured above) and a Best of What's New Grand Award winner from 2004—are especially delighted by today's announcement. As am I—having just endured a lithium-ion-destroying 14-hour flight to Japan, an unlimited fuel supply for my laptop would have allowed for several more life-sustaining episodes of Freaks and Geeks in-flight.
With today's announcement, now might be a good time to check out our PPX proposition (FCELL) questioning whether or not a fuel-cell-powered laptop will make it to market by 2009. I'd say we're headed in the right direction. Buy! Buy! —John Mahoney
Just six days after we introduced the MOSPAM proposition ("Will spam reach record levels before September 30, 2007?") on PPX, the stock paid out at POP$100 per share when spam as a percentage of all email hit an all-time high. According to global IT security firm SoftScan, a whopping 98 percent of email sent on September 16 was classified as junk. Traders foresaw the new high and the stock was trading at $69.75 per share when the European IT firm SoftScan released their official count on September 17, at 3pm EST. Clearly, few held out much hope for cleaner inboxes this month. —Abby Seiff
The PPX stock FASTEST was halted and delisted today after the Ultimate Aero TT, produced by Shelby Supercars, posted an average top speed of 411.76 km/h during speed tests in the Nevada Desert, breaking the Guinness record for worlds fastest production car, and thus unseating the Bugatti Veyron from the record-holding position. The Ultimate Aero is powered by a 6.3-liter twin-turbo V8 engine that produces 882 kW of energy at 6,950 RPMs.
This proposition was trading at just POP$49.75 per share when the record was broken, paying out at POP$100 per share. —Megan Miller