3 ms·
Really need to move to a 1 "share" total (1 company 1 share), 16 decimal place volume, market cap*volume=price system; and not a market cap/float=price system.
by rustcleaner 3y ago
Really need to move to a 1 "share" total (1 company 1 share), 16 decimal place volume, market cap*volume=price system; and not a market cap/float=price system. If a company really issues 0.5 cumulatively to employees, then half the company's equity is owned by employees. No decimal point fvckery to open the tent to the dilution camel's nose.
You can use milliShares, microShares, nanoShares, etc, to avoid expressing a $10,000 0.000000134 Share position. There should only ever be one share: The Company.
ADDENDUM: bonus if we get to a computational level that allows for arbitrary but valid rational numbers (with a data size cost to keep infinitesimals down) and replace fixed sized decimals, and modeling capabilities which allows us to list options contracts in a unified market, with arbitrary numeraires (think contracts for A priced in B instead of $) and expirations, and with any combination of strikes (compound positions), as one trade. BSM is continuous in all dimensions, and all it's really doing is expressing probabilities as price (plus a small uncertainty spread for risks and to goose out an edge out of Expected Value). This many expirations bins, many strikes bins, stuck to 100-share contracts, many (separate) stock vs USD bins, thing seems a bit too arbitrary when we have Wolfram Mathematica-tier abilities to handle the modeling for this stuff now.
It's not 1989 anymore, get Tom Sosnoff on the phone I'm sure he'd pitch this innovative idea! Maybe I'll call it into his show soon...