It’s time for another fun event on Empire Avenue. Of the many events hosted by and for the Empire Avenue community, [X]Pendapalooza is the forebear of all the other events. At #17, we cannot wait to see how big #20 will get. But hey, now’s the time to get involved, it’s great for new players as well as the most seasoned veterans of Empire Avenue.
We’ve taken the liberty of copying this event’s FAQ into this blog so you can see what it’s all about!
1. What is [X]Pendapalooza?
It’s an opportunity for many players, especially newer ones, to be bought, and for more seasoned investors to spend – that is, helping out others while finding new investments. It’s a positive, active, 48-hour buy-a-thon, and it’s all about paying it forward.
2. What does it cost to play?
Nothing. You don’t need to spend anything, but you DO need to be in this community and to put your ticker into one of two queues, which thereby registers you.
3. OK, what’s the catch?
Um, nothing. Seriously. If you don’t want to buy anyone else, you don’t have to. (Although you’ll probably score more sales if you buy. Don’t forget to use shout-outs, as they will really help your EA score, too, which will improve your dividend rate. Plus, it’s just good manners. 🙂
4. When does it run?
The event will start at 1000am.. E.S.T. on Friday July 24, 2015 and run for a full 48 hours ending at 1000am . E.S.T. on Sunday July 26, 2015 Consult and compare local times here:
5. When I can put my ticker in to the buying queues?
We’ll open them just before the times above. Then you can expect things to get very, very busy … very quickly. (Don’t sweat it, though, if you’re not able to join in at the start. You’ve got 48 hours to get involved!)
6. I’m new to this whole [X]Pendapalooza thing. How long has this been around?
Ron Heigh (e)PWND and John Gushue (e)JOHNGUSHUE should be credited with the organization of the 1st [X]Pendapalooza along with collaboration from (e)ADRIEL, (e)EDUPRENEUR (e)REIGN, (e)BEN, (e)ALLIE, (e)CLATKO (e)FEEDTHEWORLDand(e)NORTHLANDFOX. The first one was held in May 2011 – and just for a few hours. We all had so much fun, we vowed to do it again. The full-day format soon followed. This is the 3rd time the event has been 48 hours! This is the 17th time this event has been done over a 4 year period. It is Empire Avenue’s 1st community, member driven event.
7. I don’t have much money to spend. How can I best stretch my eaves?
Your buying strategy is up to you – you will no doubt see great advice in the discussion boards, from many different members – but you will also be helped by missions that will be targeted ONLY to members of this very group. This will provide a very large amount of eaves, so keep your eyes peeled. The idea, again, is for experienced players with large portfolios to share.
8. Do I have to stick around the full 48 hours?
Nah! We won’t!
9. Is there a Facebook group where people involved in this can hang out, share great tips and dynamic advice on social media?
Why, yes! Visit the [X]Bar group on FB right here:
10. Is there a suggested amount for spending?
Nope. Totally up to you, as always, about how much you want to spend, and on whom. Don’t forget, though, that this event is created in the “pay it forward” spirit, and it will likely be hard to resist getting involved. Even a small amount will help build your connections.
11. I’m afraid that people will dump my stock right away. Is this reasonable?
Selloffs are a hazard everywhere on the Avenue. We prefer to see this as a way of making contacts … and HOLDING them. Being a good investment should keep your shareholders around (did we mention the importance of shout-outs, and how they help your EA score and dividends?) for the long run.
12. What can I expect to happen to my price and account?
We’ll all have to see, but in every [X]Pendapalooza so far, most players have seen substantial gains in share price, number of shares sold and net wealth. This is especially so with new players. The increase in your portfolio will depend on how much you spend!
13. How do I see how many OUTSTANDING Shares that I have sold of my stock to determine which thread to post in?
By clicking on the “Social Stocks” tab on Empire Avenue.