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Merge pull request #3480 from Undeemiss/corp-new-shares

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CORPORATION: Limit shareholder priority on newly issued shares
This commit is contained in:
hydroflame
2022-08-23 12:55:09 -03:00
committed by GitHub
parent fa099c22ab f3bf872b23
commit 604596b907
1 changed files with 21 additions and 14 deletions
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35
src/Corporation/ui/modals/IssueNewSharesModal.tsx
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@@ -73,24 +73,31 @@ export function IssueNewSharesModal(props: IProps): React.ReactElement {
const profit = newShares * newSharePrice;
corp.issueNewSharesCooldown = CorporationConstants.IssueNewSharesCooldown;
corp.totalShares += newShares;
// Determine how many are bought by private investors
// Private investors get up to 50% at most
// Round # of private shares to the nearest millionth
let privateShares = getRandomInt(0, Math.round(newShares / 2));
privateShares = Math.round(privateShares / 1e6) * 1e6;
// If private investors own n% of the company, private investors get up to 0.5n% at most
// Round # of private shares to the nearest million
const privateOwnedRatio = 1 - (corp.numShares + corp.issuedShares) / corp.totalShares;
const maxPrivateShares = Math.round((newShares / 2) * privateOwnedRatio);
const privateShares = Math.round(getRandomInt(0, maxPrivateShares) / 1e6) * 1e6;
corp.issuedShares += newShares - privateShares;
corp.totalShares += newShares;
corp.funds = corp.funds + profit;
corp.immediatelyUpdateSharePrice();
props.onClose();
dialogBoxCreate(
`Issued ${numeralWrapper.format(newShares, "0.000a")} and raised ` +
`${numeralWrapper.formatMoney(profit)}. ${numeralWrapper.format(privateShares, "0.000a")} ` +
`of these shares were bought by private investors.<br><br>` +
`Stock price decreased to ${numeralWrapper.formatMoney(corp.sharePrice)}`,
);
let dialogContents =
`Issued ${numeralWrapper.format(newShares, "0.000a")} new shares` +
` and raised ${numeralWrapper.formatMoney(profit)}.`;
if (privateShares > 0) {
dialogContents += `<br>${numeralWrapper.format(
privateShares,
"0.000a",
)} of these shares were bought by private investors.`;
}
dialogContents += `<br><br>Stock price decreased to ${numeralWrapper.formatMoney(corp.sharePrice)}`;
dialogBoxCreate(dialogContents);
}
function onKeyDown(event: React.KeyboardEvent<HTMLInputElement>): void {
@@ -114,9 +121,9 @@ export function IssueNewSharesModal(props: IProps): React.ReactElement {
&nbsp;* Number of new shares issued must be a multiple of 10 million
<br />
<br />
When you choose to issue new equity, private shareholders have first priority for up to 50% of the new shares.
If they choose to exercise this option, these newly issued shares become private, restricted shares, which means
you cannot buy them back.
When you choose to issue new equity, private shareholders have first priority for up to 0.5n% of the new shares,
where n is the percentage of the company currently owned by private shareholders. If they choose to exercise
this option, these newly issued shares become private, restricted shares, which means you cannot buy them back.
</Typography>
<EffectText shares={shares} />
<NumberInput autoFocus placeholder="# New Shares" onChange={setShares} onKeyDown={onKeyDown} />