Patterico Stock Undervalued
For me, Google Alerts typically don’t work very well. They generally point me to some old blog entry mentioning me, usually one I read ages ago. But today, they did their job, pointing me to something I hadn’t previously seen — this amusing “press release” on Blogshares:
Patterico’s Pontifications suffered a huge setback with several analysts urging their clients to ditch the stock as it suffered a public relations disaster. The exact nature of customer dissatisfaction was not known but bub Stevens was rumoured to have had a hand in it. Industry insiders suspect a Correspondent (artefact) was involved. Patterico’s Pontifications share price dropped from B$2,945.71 to B$1,325.57
bub Stevens declined to comment on the recent speculation.
bub Stevens: http://blogshares.com/user.php?id=22015
I have no idea what the alleged “public relations disaster” was, but I’m nevertheless strangely pleased, as I think everyone should have a public relations disaster now and then. As Calvin’s dad used to say: Builds character.
Something tells me “bub Stevens” is artificially pushing down Patterico shares to corner the market. What gives, “bub”?
UPDATE: Mystery mostly solved. There is a device in the game called an “artefact” that allows players to artificially manipulate stock prices. One of these is called a “public relations disaster”:
Public Relations Disaster (aka PRD): This move enables the player to destroy the share price of a blog (stock) in the artefact’s industry. The market price will drop by 20-50%. Repeated usage on the same blog within 24 hours will have less effect.
So my joke was actually right; someone is probably trying to artificially drive down the price of the stock as part of a restructuring that will allow them to purchase more shares.
I think.
And here I thought I had suffered a real public relations disaster and didn’t even know it.
Oh well. I’m vaguely disappointed. But at least I understand it better. Sort of.
I think your response to your own Homspun Blogger Symposium question will provide the necessary PRD!
Mike (516ba1) — 4/12/2005 @ 4:53 amSo do they take over your blog if they get 50.1% of the shares. Hmmm…why haven’t I been investing…Patterico’s Pontifications…
Joel B. (5f6faf) — 4/12/2005 @ 8:15 amNow under new management.
Sound like a good time to buy. Where is it traded? Or who is making a market for it?
Rod Stanton (722aee) — 4/12/2005 @ 10:26 amOne Jeroen Sangers owns 4000 shares, 80 percent of the market. (1000 shares are reserved for Patterico, should he wish to play the game himself.) Current share price is $3609.58, or would be if there were any shares for sale at this moment. (Patterico’s market cap is therefore $18,047,900, about twice mine.)
Incidentally, I have 250 shares of Patterico’s old Blogspot blog. They’re worth $2.84 apiece.
CGHill (6bfc75) — 4/12/2005 @ 12:50 pmhttp://tanjunka.com/
Would this make blogging easier for you?
Hugo (23a329) — 4/12/2005 @ 10:28 pm