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Yvan Ratamnim
Posted - 2011.06.28 00:24:00 - [241]
 

if this is true there idiots...

cause honestly had they just made the cash shop work with the redone ships for skinning only, i'd spend a plex or 2 to skin my tengu and loki!

not to mention the noctis etc...

and im sure im not the only person that wud have spent isk and plex/aur on that but noooooo we get overpriced monocles and no word from ccp on why

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:25:00 - [242]
 

Originally by: Yvan Ratamnim
if this is true there idiots...

cause honestly had they just made the cash shop work with the redone ships for skinning only, i'd spend a plex or 2 to skin my tengu and loki!

not to mention the noctis etc...

and im sure im not the only person that wud have spent isk and plex/aur on that but noooooo we get overpriced monocles and no word from ccp on why


They are Icelandic, foolish with money. Keep up will ya.


Shadow XII
Posted - 2011.06.28 00:25:00 - [243]
 

This thread needs to stay on the front page.

Fire Watch
Posted - 2011.06.28 00:26:00 - [244]
 

Originally by: Miilla


They are Icelandic, foolish with money. Keep up will ya.




Thats got to hurt.. lol

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:28:00 - [245]
 

This just in.... Iceland has a new flag to fit its new constitution...

Here it is...

Please visit your user settings to re-enable images.

Mr Kidd
Posted - 2011.06.28 00:34:00 - [246]
 

Edited by: Mr Kidd on 28/06/2011 00:37:35
Originally by: Miilla


PLEX is an ingame item, GTC is a purchase with promise to get game time.

Once a GTC is converted to a ingame item (or game time) it is no longer a liability, except the unfullfilled gametime which is a deferred income.

I said that in other threads i was in but oh no Akita T said adamintly it is a liability.

I got bashed from page to page over it lol.




It still is a liability to the company. But, I don't think it's an accounting liability. The end effect of using plex as game time eventually appears as a lower subscriber rate and less revenue on the back end. This is why we have plex for <the flavor of the month>. CCP needs to get rid of Plex. That much is obvious. I don't think they realized that they would have people hording them in the amounts and for the length of time they have. Now, it's a looming problem.

Unfortunately, I don't see a way for CCP to get out of any Plex crisis if there indeed is one. Anything they do to increase the need to use plex only increases the flow of plex into the game as the cost of GTC remains the same and the isk exchange increases. The only way they can decrease the flow of plex into the game is to raise GTC. But that effectively is a win for the RMT'ers.

BlondieBC
Minmatar
Galactic Exploration and Missions
Posted - 2011.06.28 00:34:00 - [247]
 

Originally by: Kurfin
Originally by: larry hotter bigpants
What I find shocking is that they consider their goodwill to be worth 4.2 million dollars. I can't wait t see what that number is in the 2011 report. Not because I think we all are complianing too much, but because of all the negative press they have received.


Goodwill in accounting term has nothing to customer relations, it to do with dividing ownership of the business between investors. It's a number largely plucked our of thin air (or rather arranged by the directors according to who has comprising pictures of who) that in no way contributes to the companies financial security. Someone who has done their accountancy qualification more recently than me could probably explain it better.

It does look like they have spread themselves a little too thin. They could try partnering up with another company to help fund WoD, Dust is probably to much of a shot in the dark to get much outside investment in.
Goodwill is the difference between the amount paid for the assets of a company over the sum of the value of the identifiable assets. It is not amortized, and is only written off if impaired.
Example. Microsoft buys a small tech company for 100 million dollars. A complete list of assets is made, and valued at today market value. Assets would include things like land, buildings, equipment, inventory, patents, office equipment, etc. The sum of these items is say 75 million dollars, then good will is $25 million.
Good will is only a plug used to make debts equal credits on an asset, not stock, purchase of an company.

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:36:00 - [248]
 

Originally by: Mr Kidd
Originally by: Miilla


PLEX is an ingame item, GTC is a purchase with promise to get game time.

Once a GTC is converted to a ingame item (or game time) it is no longer a liability, except the unfullfilled gametime which is a deferred income.

I said that in other threads i was in but oh no Akita T said adamintly it is a liability.

I got bashed from page to page over it lol.




It still is a liability to the company. But, I don't think it's an accounting liability. The end effect of using plex as game time eventually appears as a lower subscriber rate and less revenue on the back end. This is why we have plex for <the flavor of the month>. CCP needs to get rid of Plex. That much is obvious. I don't think they realized that they would have people hording them in the amounts and for the length of time they have. Now, it's a looming problem.


It's not an accounting liability no, it is a bottleneck to getting new revenue which is a business liability.

But that is a different thing. Once is a financial tool, the other is common business sense lol.

Darik Jita
Posted - 2011.06.28 00:37:00 - [249]
 

Originally by: BlondieBC
Originally by: Kurfin
Originally by: larry hotter bigpants
What I find shocking is that they consider their goodwill to be worth 4.2 million dollars. I can't wait t see what that number is in the 2011 report. Not because I think we all are complianing too much, but because of all the negative press they have received.


Goodwill in accounting term has nothing to customer relations, it to do with dividing ownership of the business between investors. It's a number largely plucked our of thin air (or rather arranged by the directors according to who has comprising pictures of who) that in no way contributes to the companies financial security. Someone who has done their accountancy qualification more recently than me could probably explain it better.

It does look like they have spread themselves a little too thin. They could try partnering up with another company to help fund WoD, Dust is probably to much of a shot in the dark to get much outside investment in.
Goodwill is the difference between the amount paid for the assets of a company over the sum of the value of the identifiable assets. It is not amortized, and is only written off if impaired.
Example. Microsoft buys a small tech company for 100 million dollars. A complete list of assets is made, and valued at today market value. Assets would include things like land, buildings, equipment, inventory, patents, office equipment, etc. The sum of these items is say 75 million dollars, then good will is $25 million.
Good will is only a plug used to make debts equal credits on an asset, not stock, purchase of an company.


Why am I not surprised that so many accountants play this game?

Neom Disaki
Posted - 2011.06.28 00:38:00 - [250]
 

Where is a good link to the financial document, megaupload seems to have deleted it.

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:38:00 - [251]
 

Originally by: BlondieBC
Originally by: Kurfin
Originally by: larry hotter bigpants
What I find shocking is that they consider their goodwill to be worth 4.2 million dollars. I can't wait t see what that number is in the 2011 report. Not because I think we all are complianing too much, but because of all the negative press they have received.


Goodwill in accounting term has nothing to customer relations, it to do with dividing ownership of the business between investors. It's a number largely plucked our of thin air (or rather arranged by the directors according to who has comprising pictures of who) that in no way contributes to the companies financial security. Someone who has done their accountancy qualification more recently than me could probably explain it better.

It does look like they have spread themselves a little too thin. They could try partnering up with another company to help fund WoD, Dust is probably to much of a shot in the dark to get much outside investment in.
Goodwill is the difference between the amount paid for the assets of a company over the sum of the value of the identifiable assets. It is not amortized, and is only written off if impaired.
Example. Microsoft buys a small tech company for 100 million dollars. A complete list of assets is made, and valued at today market value. Assets would include things like land, buildings, equipment, inventory, patents, office equipment, etc. The sum of these items is say 75 million dollars, then good will is $25 million.
Good will is only a plug used to make debts equal credits on an asset, not stock, purchase of an company.


Employees at Microsoft are VERY CLEARLY instructed ( POSTERS ON ALL THE DAMN WINDOWS INSTRUCTED ) that the ONLY thing they ever put as an ASSET is their PC hardware, NOTHING ELSE.

Just a little factoid about MSFT :) Ofcourse they have their IP. But no other hardware the employees uses is an ASSET.

Maul555
Amarr
Reliables Inc
BricK sQuAD.
Posted - 2011.06.28 00:43:00 - [252]
 

Edited by: Maul555 on 28/06/2011 00:43:42
CCP; "There's thieves among us, they've taken the walls, with all kinds of lies and lies that I never told at all"... "and I know, and you know it too. That a love like ours, is terrible news. But that wont stop me cryin, no that wont stop me cryin over you"...

/please get your **** together

kestrael nanahara
Caldari
Wrecking Shots
Wildly Inappropriate.
Posted - 2011.06.28 00:44:00 - [253]
 

Originally by: Miilla
Employees at Microsoft are VERY CLEARLY instructed ( POSTERS ON ALL THE DAMN WINDOWS INSTRUCTED ) that the ONLY thing they ever put as an ASSET is their PC hardware, NOTHING ELSE.

Just a little factoid about MSFT :) Ofcourse they have their IP. But no other hardware the employees uses is an ASSET.[/quote



Whats that microsoft employees dont buy and operate their own nuclear power plants and what not :P

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:44:00 - [254]
 


Short story of this, CCP are operating on too thin a cash liquidity, their loans (issued bonds) are maturing and have to be repaid back on the end of October this year.

They need to BOOST revenues GREATLY to fund WoD and Dust and Microtransations are here agressively and with an agressive timetable.

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:47:00 - [255]
 



With all this news comming out... I better get more posters going :)

http://dl.eve-files.com/media/1106/CCPRoyalsLaugh.jpg
http://dl.eve-files.com/media/1106/StarWarsHelloKittyDarthVaderVanityItemsAlterPlan.jpg
http://dl.eve-files.com/media/1106/CCPMMOofTheYearAward.jpg
http://dl.eve-files.com/media/1106/EveFarmville.jpg
http://dl.eve-files.com/media/1106/IncarnaWarping.jpg
http://dl.eve-files.com/media/1106/CCPGag.jpg
http://dl.eve-files.com/media/1106/CCPHilmarStayTheCourse.jpg
http://dl.eve-files.com/media/1106/CCPPublicRelations.jpg



Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:49:00 - [256]
 


It takes a good person to run a successful business, it takes a very special person to ruin one :)


Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:53:00 - [257]
 


Patient 2428190
DEGRREE'Fo'FREE Internet Business School
Posted - 2011.06.28 00:54:00 - [258]
 

They can get the cash easily if they needed it, because their presentation will show off future projections on the future game properties. With a slick presentation and the thought of having multiple, profitable games running at once will convince banks to loan them the money.

You are mad at them for doing MT or whatever, and you want it to be a situation worse than it is.


Terminal Insanity
Minmatar
Convex Enterprises
Posted - 2011.06.28 00:55:00 - [259]
 

Originally by: Doav Inarvo
Originally by: Terminal Insanity
I just bought a 70 dollar monocle, so their new features definatly seem to be selling ^_^

now what to do with my leftover 2k aur...


I think CCP have actualy sold more monacles through people just wanting to troll the forums than through vanity.

If there hadnt been such an upoar I don;t think anyone would have brought one, now owning a monocle is the equivalent of sticking 2 fingers up to the EVE community.


A valid point. I initially was wary of the NeX Store, but after listening to the mindless drivel coming from this lot on the forum, i realized i am indeed above all of you silly fools, and bought myself a monocle to secure my place among the elite.

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:56:00 - [260]
 

Originally by: Patient 2428190
They can get the cash easily if they needed it, because their presentation will show off future projections on the future game properties. With a slick presentation and the thought of having multiple, profitable games running at once will convince banks to loan them the money.

You are mad at them for doing MT or whatever, and you want it to be a situation worse than it is.




CCP will just reissue bonds to get loans from creditors.

They don't give out loans for a presentation lol, they want bonds in the company.


Josh Bolder
Posted - 2011.06.28 00:56:00 - [261]
 

I am a producer and very often sort out money for new films and completion of budgets in excess of 20 million pounds. I have not seen this supposed annual report, but you all seem to be speculating on a cash flow forecast. Which may have many varying aspects, not to forget that the engines (Carbon) and code, itself will be sold to other markets e.g. the quake engine or the Unreal Engine and many more. Also the company most likely have A class Shares and B class Shares for investors in each project, with each project also being supported by other projects and products. Plus the projects will also have completion bonds. The loan itself will already have a refinancing option built in.

In other words none of you know what the F your talking about so for gods sake move on and concentrate on other issues.


Maul555
Amarr
Reliables Inc
BricK sQuAD.
Posted - 2011.06.28 00:58:00 - [262]
 

Edited by: Maul555 on 28/06/2011 00:59:36
Edited by: Maul555 on 28/06/2011 00:58:38
You really know a thread has gone to hell when Miilla shows up... This thread is over guys... I am really starting to hate that biatch.

Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 00:59:00 - [263]
 

Originally by: Josh Bolder
I am a producer and very often sort out money for new films and completion of budgets in excess of 20 million pounds. I have not seen this supposed annual report, but you all seem to be speculating on a cash flow forecast. Which may have many varying aspects, not to forget that the engines (Carbon) and code, itself will be sold to other markets e.g. the quake engine or the Unreal Engine and many more. Also the company most likely have A class Shares and B class Shares for investors in each project, with each project also being supported by other projects and products. Plus the projects will also have completion bonds. The loan itself will already have a refinancing option built in.

In other words none of you know what the F your talking about so for gods sake move on and concentrate on other issues.




Show where CCP is planning to license the Carbon engine, licensing it to your competitors is not really a good idea, unless you expect them to bail you out, but that could back fire.

They however will use it in their other projects. Licensing Carbon I don't see (yet).




Neom Disaki
Posted - 2011.06.28 00:59:00 - [264]
 

Originally by: Maul555
You really know a thread has gone to hell when Miilla shows up... This thread is over guys... I am really starting to hate that *****.


Too true. I feel the same. Now if we could be done with yellow text Miilla posts, and someone could post a new link the the financial statement, since megaupload deleted theirs?

Fire Watch
Posted - 2011.06.28 01:00:00 - [265]
 

Originally by: Miilla
This just in.... Iceland has a new flag to fit its new constitution...

Here it is...

Please visit your user settings to re-enable images.


bwhahaha

Adunh Slavy
Ammatar Trade Syndicate
Posted - 2011.06.28 01:01:00 - [266]
 

Originally by: Miilla

Once you start taking loans, you are handing over your business.




"The rich rule over the poor, and the borrower is servant to the lender." ~Proverbs 22:7


Miilla
Minmatar
Hulkageddon Orphanage
Posted - 2011.06.28 01:01:00 - [267]
 

Edited by: Miilla on 28/06/2011 01:02:19
Originally by: Josh Bolder
I am a producer and very often sort out money for new films and completion of budgets in excess of 20 million pounds. I have not seen this supposed annual report, but you all seem to be speculating on a cash flow forecast. Which may have many varying aspects, not to forget that the engines (Carbon) and code, itself will be sold to other markets e.g. the quake engine or the Unreal Engine and many more. Also the company most likely have A class Shares and B class Shares for investors in each project, with each project also being supported by other projects and products. Plus the projects will also have completion bonds. The loan itself will already have a refinancing option built in.

In other words none of you know what the F your talking about so for gods sake move on and concentrate on other issues.




ok. so you on the internet sort out 20 million deals, ok.. but you cant be a rsed to read the actual report, but you claim expertese on the report and to know their bond details.

Ok, Im in.

Caladan Broood
Posted - 2011.06.28 01:03:00 - [268]
 

You know I've been to this dance before. Game company doing something well, Game company has possible money issues, Game company gets in bed with Sony. Suddenly later when new game supposed to come out it is utter crap and Game company fails. Sony acquires new IP title and adds it to their station account. Did they hire Brad McQuaid as a consultant?

Terminal Insanity
Minmatar
Convex Enterprises
Posted - 2011.06.28 01:04:00 - [269]
 

Originally by: Josh Bolder
I am a producer and very often sort out money for new films and completion of budgets in excess of 20 million pounds. I have not seen this supposed annual report, but you all seem to be speculating on a cash flow forecast. Which may have many varying aspects, not to forget that the engines (Carbon) and code, itself will be sold to other markets e.g. the quake engine or the Unreal Engine and many more. Also the company most likely have A class Shares and B class Shares for investors in each project, with each project also being supported by other projects and products. Plus the projects will also have completion bonds. The loan itself will already have a refinancing option built in.

In other words none of you know what the F your talking about so for gods sake move on and concentrate on other issues.




the 'terrible financial situation' is the context chosen by a bunch of kids who are on summer break from highschool. We're dealing with people here who cant stand the idea that someone else might be wearing a monocle that does absolutly nothing. This group saw one word about loans and automatically thought CCP was going under. Infact, many businesses take out loans. It happens thousands of times each day. Welcome to the real world kids.

Ein Spiegel
Minmatar
Fly-by-Night Industries LLC PTY LTD
Posted - 2011.06.28 01:05:00 - [270]
 

Something to keep in mind, to all of the people that are "lol, dumb kids giving great CEO of CCP advice on how to run a corp... idiots!":

Well, yes. A fair amount of the user population probably might fall into that category. But some of them? Some of them actually are quite intelligent, successful individuals who have made themselves a boatload of money doing things that most of us (including CCP employees) have never thought of doing.

No, I'm not one of them. But there are lawyers, accountants, successful businesspeople, politicians, ranking military, etc, that play Eve Online. Hell, there's more than one Fortune 500 CEO/CFO that plays the game, rumor goes. (As the rumor came from Wired, I tend to think there's SOME weight to it.) Face it, Eve (even where it's broken) is a different game, and draws a generally different demographic, than many other games. When BoB collapsed, people flew across the country overnight to figure out what the hell happened. (Or so we're told.) There ARE people that know **** about ****, and can (and likely will) tell CCP to pull up their damn pants.

That said, most of them probably aren't rage posting. And some people are just pulling **** out of their ass. But it's not entirely out of the realm of possibility to learn from the social interactions and organizational tactics used in Eve online and apply them to the real world. Go hang out in some of the deep think tank threads in MD - you can learn basic principles that (of course) require some tweaking but apply to most business endeavors. Some people can do that. Not all (again, not me either) but some people can.


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