Will that be due to manual adjustments made when the competition ends Strawman? Because currently suspended companies are shown in Strawman.com members' portfolios at their last traded price, so if a company has doubled their share price to 50c/share since being purchased at 25c/share, and is then suspended, Strawman.com is still showing that position as being worth 50c/share despite the suspension. An example of this is ISX (iSignThis) which has been suspended since last year and is still shown as being worth $1.07/share in members' portfolios. If it ever trades again, it would likely be closer to 7c/share, but probably less. The most likely outcome is actually that they will never trade again on the ASX and will try to list on the NSX instead. My question therefore is how will you account for that? Manually adjust all suspended companies' share prices to zero, or remove those positions from portfolios at cost?
Another query that has popped up a couple of times is regarding members who have managed to build up large positions in companies, such as AfterPay or Andromeda Metals. Some members held over $50,000 worth of these companies before the competition began. ADN for instance was 13c on October 19th, and is now 24c (almost double) after hitting a high of 33.5c on 23-Nov and an intra-day high of 36.5 cps (on the same day).
In the case of APT, their SP is actually a couple of dollars (2-3%) lower than they were at the start of the competition, so no advantage there in reality, however the point was that the playing field wasn't level because members who have been with the platform for a while have been able to build up positions well in excess of 20% in some companies by the time the comp began, and new members had that 20% cap imposed on them (as all of us did of course - that rule wasn't new - but the practical affect was that longer term members had the advantage of having had the ability to build up larger positions via capital growth and dividend reinvestment, i.e. compounding, the 8th wonder of the world).
Some members have suggested that adjustments would be made for those people who had positions in individual companies that were larger than 20% of their entire portfolio at the start of the competition. Is that indeed the case? I also read a comment from yourself along the lines that having a larger than 20% position in companies could provide more risk than reward - implying that it was a swings and roundabouts scenario, i.e. that the advantages and disadvantages could possibly be pretty evenly matched. I just think that this stuff should be clearly explained in advance rather than have people go "WTF??!!" when it's announced at the end of the comp.
Finally, I assume, and please correct me if I'm wrong, that adjustments such as those I have just discussed above, would be made purely for the purposes of calculating the adjusted percentage gain that each member achieves over the life of the comp, and would NOT be permanent adjustments to portfolios that affect those members AFTER the comp has finished?