Government Companies on Auction!
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by Reserve Bank of Australia
Gday eAustralia!
The Department of Economy (Xavier Darkmyre and I) has recently done a review of all the GFC's (Government Funded Companies) inside the government and has rooted out some redundant companies. These companies have been sitting in our organisations for some time now and it is time we sell them. This includes both the Q1 and Q2 food companies. The Q1 food was acquired as a "training company" for the manufacturing sector and the Q2 was acquired through the return of one of our regions. We have decided to auction them off. Both are found here:
http://www.erepublik.com/en/company/ausgov-manu-training-comp-1aud-181754
http://www.erepublik.com/en/company/australian-food-gfc-134401
Details of Companies:
AusGov Q1 Food -On Auction-:
-0Gold and $57.92AUD of Finances
-7 Inactive Employees
-22 Q1 Food
-62.97 Units of Grain
-eAustralia Market Licence
-eIndonesia Market Licence
STARTING PRICE = 18GOLD
AusGov Q2 Food -On Auction-:
-$0.07AUD 0GOLD in Finances
-0 Employees
-0 Food
-321.85 units of Grain
- eAustralia Market Licence
- eChile Market Licence
-eIndonesia Market License
STARTING PRICE = 36GOLD
The auction day will commence as follows for each company and the auction will both last 24hours:
AusGov Q1 Food -On Auction- = Bidding will start on Day 705 for 24hours
AusGov Q2 Food -On Auction- = Bidding will start on Day 706 for 24hours
Anyone is allowed to bid. Both foreign and local citizens may participate. However, bidders are to send 5Gold to the Reserve Bank and mail the National Bank of Australia in the company they are interested to bid in. This 5 gold is simply a deposit to bid for each company and will be returned immediately after the bidding if the bidder’s bid is unsuccessful. This is simply to remove people who may speculate and ruin the opportunity to others interested. On the day of each auction, an article in this newspaper will be opened and the list of bidders will bid there(I will PM out a reminder on the day to all bidders). Bidding will be done in the comments and last 24hours.
Any queries or questions, please PM me or find me on IRC in #ausrep.
Thank You
Vorodor
Minister of Economy
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Comments
Voted
Question, Will there be refunds during the bid?
Say If someone were to deposit or drop out early?
And, Can the bidder retract his bid if he ends up winning?
xD
Cookie, normally if you win you cannot retract your bid.
Voted.
very lucrative trade you must have been making on those 😛 but it's a good idea to sell
Well, at least you're out of the tree.
Can't wait to earn enough gold to start a company
Nice idea!
In my opinion if you bid and won then attempted to back out, your gold deposit should be kept just for wasting everyone's time. The company should then go to the next highest bidder?
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