SBR Sharps Fund | IPO CLOSED
IPO closed. Look for some more threads and announcements soon in the SBR Trading Forum.
SBR Sharps Fund
Four hedge fund managers will be appointed. SBR will scrutinize posted plays, contest records, and SBR Sportsbook activity to determine four responsible choices with the necessary experience to take on this role. These managers will be compensated 200 points per week with a 1,000 points bonus to the manager who has performed best after 3 months.
How it works: All shares will be divided into four SBR Sportsbook accounts making up the one central fund which only SBR and the fund managers will have access to. Two straight bet plays will be made per week by each fund manager on major American sporting events (MLB, NBA/NCAAB, NHL) for a fixed amount of points determined by the total number of shares sold during the IPO. No exotic wagers will be allowed. Bet amounts must equal 2.5% of the total shares sold during the IPO.
Can we trade shares? Absolutely! After 1 March 2014, posters will be free to transact trades inside of an official buy/sell trading thread created by SBR. Trades agreed to by PM or in other threads will not be recognized; users must conduct their trading activity inside of the official post, which will also include a spreadsheet updated during specified hours containing the total amount of shares in circulation by user.
Once we can trade, is there a max shares per user? No. Users are free to buy and sell shares amongst each other; however trading must be in blocks of 100.
How do we cash out our shares? After 1 June 2014 all shares will be paid out by SBR.
SBR Sharps Fund
- Cost per share:6 points (SBR will add 4 points to each share purchased)
- Minimum purchase: 100 shares for 600 points (purchases must be in blocks of 100 shares)
- Max shares per person sold through this post: 300 shares for 1,800 points
- How to buy: Simply hit the gold coin & send points in this post. IPO closes 11:59PM ET on 26 February.
Four hedge fund managers will be appointed. SBR will scrutinize posted plays, contest records, and SBR Sportsbook activity to determine four responsible choices with the necessary experience to take on this role. These managers will be compensated 200 points per week with a 1,000 points bonus to the manager who has performed best after 3 months.
How it works: All shares will be divided into four SBR Sportsbook accounts making up the one central fund which only SBR and the fund managers will have access to. Two straight bet plays will be made per week by each fund manager on major American sporting events (MLB, NBA/NCAAB, NHL) for a fixed amount of points determined by the total number of shares sold during the IPO. No exotic wagers will be allowed. Bet amounts must equal 2.5% of the total shares sold during the IPO.
Can we trade shares? Absolutely! After 1 March 2014, posters will be free to transact trades inside of an official buy/sell trading thread created by SBR. Trades agreed to by PM or in other threads will not be recognized; users must conduct their trading activity inside of the official post, which will also include a spreadsheet updated during specified hours containing the total amount of shares in circulation by user.
Once we can trade, is there a max shares per user? No. Users are free to buy and sell shares amongst each other; however trading must be in blocks of 100.
How do we cash out our shares? After 1 June 2014 all shares will be paid out by SBR.
Ponzi Madoff trustee... rings a bell...
