It's not January anymore! Your payouts are in the $100 range now, a nice clean example number. Maybe 40 was an average.

"The users losing are theoretically the ones paying more than $1 for HDB."

Who pays more than $1 for HDB? I don't understand why they do it, if they're losing money to those of us who are selling. I keep getting told "we're getting extra money right now from the HDB conversion" but I can never figure out where it's coming from. Maybe this question will help. When we AREN'T getting that "extra money", who is?