How the Market Works
The KmikeyM market is a two-sided book of offers. Shareholders post offers to buy and offers to sell, and a trade happens when somebody takes one. There is no market maker setting the price and no algorithm: the price is whatever two shareholders last agreed on. This page explains bids and asks, the gap between them, why holdings run to five decimal places, and how money gets back out.
Two sides, and the words for them
- A buy offer, or bid, says: I will pay this much per share for this many shares.
- A sell offer, or ask, says: I will sell this many shares at this much each.
Both sit on the book until somebody takes them or the person who posted them cancels. The highest bid and the lowest ask are the two prices that matter, because they are the best available deal on each side.
The spread
The gap between the highest bid and the lowest ask is the spread. Nothing trades inside it, because a buyer offering less than a seller wants is simply two people waiting.
As of August 2026 the highest bid was $4.25 and the lowest ask was $4.95, a spread of 70 cents. That is wide, and it is what a thin market looks like: few participants, so the two sides sit further apart than they would in a busy one. A wide spread is information rather than a fault.
Taking an offer versus resting one
There are two ways to trade, and the difference is who waits.
- Take an offer that already exists. You get filled immediately at that price. This is what kmikeym.com/buy does with your money automatically, and what the Buy control does on the trading page.
- Rest your own offer at a price you choose. Nothing happens until somebody decides to take it. You might wait a long time, or forever, and you get your price if you are filled.
Resting an offer requires a paid membership. Taking one on the buy page does not. See Memberships.
Posting an offer reserves your shares or your cash
When you rest an offer, the shares or the money behind it are set aside so you cannot spend them twice. A holder with 74.7 shares who has offered 10 of them for sale shows 74.7 held and 64.7 available. The same applies to cash behind a buy offer.
Cancel the offer and the reservation is released.
Shares are fractional
Holdings are carried to five decimal places, so a position of 74.70243 shares is normal and not a display error. Trades come out fractional because the buy page spends a cash amount rather than buying a round number: $27.03 at $4.98 a share is 5.42751 shares.
This is also why small amounts work. There is no minimum of one whole share on the buy page.
What “the price” actually means
The price shown on the site is the last price two shareholders traded at, not a quote and not an offer standing right now. In a market this quiet it can be weeks old. As of August 2026 the posted price was $4.98, set by a trade on August 3, while the lowest actual ask was $4.95.
So “the price” answers what someone last paid, not what you would pay. For that, look at the lowest ask.
Selling, and getting money out
Selling is the mirror of buying: rest a sell offer and wait, or take an existing bid. Proceeds land in your cash balance on the site, which is one of the things a paid membership unlocks. Without a membership there is nowhere for the proceeds to go, which is the usual reason a new shareholder cannot find how to sell.
Withdrawals are handled manually, because paying money out is inherently more complicated than taking it in. There is no withdrawal button.
To withdraw, email ir@kmikeym.com and confirm how you would like the money sent. Venmo and Cash App are the fastest options.
Where you can see the market
Only partly in public. The full book of bids and asks requires an account. Without one you can see the current price and the ladder of shares currently for sale on kmikeym.com/buy, which is enough to buy but not enough to see who wants what. The complete two-sided book, your own offers, and the price history chart are behind login.
Insider trading is allowed on purpose
Worth stating here because it surprises people who know conventional markets. KmikeyM treats trading as the mechanism by which what people know becomes visible in the price. A shareholder who knows something that changes the value of the project is meant to act on it. See Governance and Legal Structure for the reasoning.
Related: How to Buy a Share for a first purchase, Share Price History for what has moved the price over time, Shareholder Registry for who holds what.