A good week selling notes

Wednesday evening I moved the discount from 1% to 2% and a few more notes started selling. In the batch of notes that I was selling, there were a few that were not current. I decided to mark these down drastically to see if anyone was willing to take a chance on them. One note was in the grace period. I offered it for sale at $15. Two were 16-30 days late. I marked these down to $10. Finally, five were in the 31-120 days late state. I marked these down to $5.

By then end of Thursday a few more notes had sold, but not the bad ones. I increased the discount by another 1% (including the bad ones). Nothing happened overnight , but during the day Friday, 4 more sold and another 5 were cancelled due to payment processing. Two of 31-120 days late sold. I guess someone decided to take a chance.

	Mon PM	Tue AM	Tue PM	Wed PM	Thu PM	Fri AM	Fri PM
Offered for sale	110	98	76	68	52	52	43
Principle	$2,236	$1,995	$1,550	$1,393	$1,069	$1,069	$881
Asking Price	$2,239	$1,998	$1,554	$1,397	$933	$933	$795
Discount	100.14%	100.17%	100.29%	100.27%	87.34%	87.34%	90.20%
Cancelled	6	6	8	12	14	14	19
Sold	4	16	36	40	54	54	58
Total Sold Price	$72	$313	$714	$788	$1,070	$1,070	$1,121

It was a pretty good week, 54 notes sold. Since some notes keep selling, I’ve decided not to increase the discounts. Rather I’ll just let the notes stay for sale. The offers will expire next week. There is plenty of time to sell these 2021 notes. I’ll use Twitter to indicate when I make new posts, @billlanke.