Important Announcement For Users with PASSCRX Stock

Seems like someone should halt trading of a stock before annoucing something like this. What is to prevent everyone who reads this from purchasing the stock before Friday?

Seems like someone should halt trading of a stock before annoucing something like this. What is to prevent everyone who reads this from purchasing the stock before Friday?

rob6300, I think you missed the point.

The goal here was to inform the players that because the prop was poorly written, it is going to close. The header and body of the prop talks about cars, but the actual question put to the players says "any vehicle". Since the two are in conflict, players may have bought the stock thinking is was going short, not long. This notice is here to let as many players as possible know the final decision of PPX.

The hope is that EVERYONE reads this and puts the stock long. Players shouldn't be punished for poor PPX wording.

Hi Rob,

Chef summed it up well-- our goal here is to give players a chance to modify their bets before we take this stock out of ciculation.

As stated in the announcement above, we're creating a new system within the forums whereby users can read, review, and ask for clarification on stocks before they go live. Monday's stock will be posted tomorrow.

Thanks for your comments, and I hope to see you in the forums, offering your feedback and engaging with the PPX community.

Best,

Taylor Hengen
Popsci.com

Posting information on the proposition page would be helpful. I haven't looked at the PPX News and Announcements for months. The last item before this was posted Jan 15.

I looked yesterday for info in the forums that would account for the sudden change in stock price and found none in the Automotive Tech category. Today I also looked in the General PPX discussion as well and found a pointer to the News and Announcements column. I can't say that I find closing a stock with 2 days notice helpful.

vulgarian, I recall the earlier discussion and shorted the stock after I thought the interpretation was decided. There is still no information posted on the proposition page.

I read the threads on the forum, and found the discussion silly, immature and ignorant, for the most part. People talking about bicycles getting better mileage, or complaining about using the wrong word, when it seems that the SPIRIT of the proposition was very clear.
The only intelligent part of the discussion was about Diesel cars, which have ALWAYS achieved amazing mileage, with very little fanfare or notice from the granola crowd.
I think it's perfectly fine to close this proposition under its original spirit, as VW brought back the TDI this year, and it gets 60 MPG. I bought one, it's amazing. If you're thinking about a Prius, go give the Jetta TDI a test drive first. It also comes in a Wagon for families who feel they need a larger car. The Wagon also gets better mileage than the Honda CRX.
As a former content manager for a website managing a contest, I have the deepest sympathies for Taylor Hengen. You're not a lawyer, and no one should expect you to be when you write up these things. People, chill out. Previewing propositions in the forums will give people a chance to vet them first, but they will also give people a chance to do some advanced research before it goes live. This could change the game.

I agree with lugger11 about the benefits of the jetta tdi and that the news section has been dead for quite awhile, but on vw's website it says the tdi is considered new for 2009 not 2008. which means it does not qualify as a 2008 production car as the proposition states. and anything from before 2008, motorcycle, car whatever also shouldn't count as then it would have paid the stock out at 100 before it ever opened. i understand the proper solution to just refund users what they put into the stock would be difficult, so maybe paying out at 50 would lessen the turmoil of both sides and be a bit more fair to the users who arent on the site everyday

So How did my portfolio end up in a negative cash available situation?

The last transaction is 6000 for the delist of PASSCRX.

Can you please explain this?

Thanks.

this is garbage, using technicalities to violate the intent of the prop, which was directed at passenger cars.

I got robbed by all you letter of the law nitpicking whiners. How many of you looked up the definition of "vehicle" to state your case? Yeah, c'mon. Admit it!