Videolocity International Inc (VCTY)

[clippy54]

Another look at a dutch auction when there are not "shares" but is one object up for bid is as follows:

Price is set high, usually higher then the object up for auction is worth and in this case is VCTY.

Price is lowered incrementally until one bidder goes for it and becomes the winner.

This type of auction only requires one bid to finish and if you fail at determining what the value is to the other bidders you instantly lose.