In order to minimize the impact of the decision to suspend development of ComPet, MindArk is offering ComPet Deed holders the ability to exchange ComPet Deeds for Arkadia Moon Deeds at a ratio of five ComPet Deeds for two Arkadia Moon Deed. The upcoming release will place two different NPC:s on Planet Calypso which will handle the transfer, one in Port Atlantis Mall Teleporter and one in Twin Peaks. The NPC:s will be available until December.
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I am more interested in the deal they struck with Arkadia.
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Also, where's my compensation for losing 1000s on the crit buff scam (aka 2.0) ?
It is impossible for returns to -not- depend on the company's overall income situation. There are certainly limits and dampers built in to avoid wild and all-too-obvious swings but it has to balance out in whatever timeframe they can sustain before losses become too much.Here's something i would like MA to confirm. Loot is not nerfed to pay for all this!
Can you please explain this ? what scam ?
Going ever so slightly ot now so I won't reply to this again...
Introducing these crit buff items & pushing them hard right until 2.0 implementation. With 2.0 they took away the effect these items had on loot. Devaluing certain items by 40-60%.
One of those guns was main price at Easter Mayhem just before 2.0 (1.0 crit chance)
http://ftp.entropiawiki.com/Info.aspx?chart=Weapon&id=2494&ver=24502
There were more like it based on mayhem cat. Those were da shit & folks put lotsa money into mayhem to win one or paid heaps to buy them off the winners. Just 2 months later or so these crit buffs lost their effect on loot.
This was the single biggest FU I experienced in my 5 years in game.
Who is doing development plans there at MA HQ? It must have been clear to MA that by the time these guns were handed out as mayhem prizes that 2.0 implementation will fuck the value of these guns badly. Why did they go through with it? This was reckless if not deliberate. Will never forgive that & never buy any items over a certain value again.
For the record I didn't own any of these guns but i got screwed heavily on an Aug Ares.
I don't think that their effect was lost , you get more dps with crit and eff makes your loot composition better . Its not MA fault that people who run ava 24/7 in garage company bubbled the crit items price to the sky .
and who told you to pay thousand of dollars for a 1 dollar item ? and now MA has to makes sure that is stay so...because my *investment*
You were guaranteed a percent of revenue, that's not a guarantee there will be revenue. Calypso already had long term revenue so CLD were lower risk. ComPet was a startup, you bought rights to a percent of revenue when there was no revenue yet.
It is impossible for returns to -not- depend on the company's overall income situation. There are certainly limits and dampers built in to avoid wild and all-too-obvious swings but it has to balance out in whatever timeframe they can sustain before losses become too much.
Of course, you are absolutely right, and by we should, all of course start a lawsuit, but why spend on lawyer fees, etc. when it'll all be for naught, in an endless battle that would really probably just end up getting thrown out of a small claims court type setting (as value of each deed is below a certain level, etc.).... If you do turn the deeds in in exchange for the Ark Moon Deeds, your lawsuit idea blows up in your face since you took their offer (settlement?)... so you just have to laugh at it since doing otherwise will just lead to pissing and moaning about things we have no control over (you could argue that Mindark had, or more solely, Kim, had control over, but that's a thread for another forum, oh wait they already made it so you can't add any more posts to that forum)Deeds have always been sold as revenue deeds. They're a promise to pay revenue not shares and never will be shares. If you was to check that with MA lawyers they would agree with that statement. It is only an investment if you want to use that word because you are investing for a return. In fact when MA sold CLD they were so concerned about rights on those deeds MA lawyers expressly confirmed the deeds were simply revenue entitlement deeds.
Therefore it implies all deeds are designed or placed to return an income. They are more akin to gilts if you consider MA as the government of the game. So pretty guaranteed.
It's important people understand this for their own protection. However it would appear players actually want to be screwed and calling for that. I find that unbelievable.
Therefore legally I would not be surprised if deed holders for Compet would be entitled to a full refund because the deeds did not deliver the intention of sale. Which was a promise of revenue. Now MA want to shut it down.
Now if players want to ignore their legal rights, and call it a venture capital investment, then that is a foolish view, because we leave ourselves open to abuse.
In my view MA are the lucky ones should we accept their offer. I'm pretty confident I'm correct with this legal interpretation . But rather say no I'm wrong, go see professional advice to confirm this.
Im willing to let it go for the sake of them game. But for the record I'm just letting MA know that I know what they're attempting to get away with.
Rick
Exactly. Sorry, I made an accusation and phrased it like a question. (married for 10 years. tend to express myself in weird passive-aggressive ways sometimes)
Your answer to my 'question' is very much pointing out the obvious. Privatise the profits, socialise the losses. As you were...
Giving some burned investors 25% compensation on their losses & then recuperate this 'compensation' from the rest of the playerbase is not a sustainable way of going about things longterm. I did not invest in Compet for a reason and now i'm paying for it's failure anyway.
It really is time for MA to come clean on strategy & clear communication thereof. Acknowledging publicly & believably that grave strategic errors were made.
Focus on shit players care about. On that note, I'm sure the new camera system will totally turn things around!
This goes around in circles again though with the: MA doesn't care what values we put on items, but they do when it suits them.
Smiling......It's like MA saying we implemented loot 2, so your 50K item is now worth 1K within the game market, we've took this into consideration and now willing to buy the item back off you if you're unhappy for 2K peds.
Ohh and BTW, you should be grateful we're making this offer to you, as we're offering twice the market value.
It reads like a comedy sketch.
Rick
Of course, you are absolutely right, and by we should, all of course start a lawsuit, but why spend on lawyer fees, etc. when it'll all be for naught, in an endless battle that would really probably just end up getting thrown out of a small claims court type setting (as value of each deed is below a certain level, etc.).... If you do turn the deeds in in exchange for the Ark Moon Deeds, your lawsuit idea blows up in your face since you took their offer (settlement?)... so you just have to laugh at it since doing otherwise will just lead to pissing and moaning about things we have no control over (you could argue that Mindark had, or more solely, Kim, had control over, but that's a thread for another forum, oh wait they already made it so you can't add any more posts to that forum)
I do agree, would be nice if they compensated for more, and also if they would offer special buff pets in EU to those of us that in compets that got our pets, or residence leveled in there above a certain level, etc., (they kind of go hand in hand since residence upgrade requirement required that at least one pet be above a certain level, etc.) but don't think it's gonna happen, so just more wishful thinking...
You don't understand do you ? there are no 50k items for MA . Markup is a Sum Zero Game for them . Only TT maters.
What I see here is that many people have no clue about how business works.
Compet Deeds is shares, comparable to any share traded at stockmarkets.
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What I see here is that many people have no clue about how business works.
Compet Deeds is shares, comparable to any share traded at stockmarkets.
If you buy company shares at New Market (startup companys), and this company fails speak goes bankrupt after a couple of month, you get nothing. Its simply a loss.
Everybody investing in shares should know that.
Even if old and well known company decides to become big player and enters the stock market it can fail.
Good example was the German Telecom.
If you bought shares from German Telecom when they introduced the shares into the market for 10000€ compared to buying 10000€ of beer form supermarket, you would have had more money left in empty bottles after 1 year than your value of Telecom shares
The value of Telecom shares crashed!
Does it help to complain? NO! Its the market, shit happens.
So glad you're informed and know how it all works.
At the very least the 2nd tranche of shares sold to Joe Public got scrutinised by the authorities and Deutsche Telekom certainly had to pay up!
Sometimes complaining does help. Especially if you know the other side wasn't acting in good faith!
Edit: on that note, who's to say that MA came up with this measure all on their own accounts? May be someone actually did notify the authorities?!
That fact isn´t really compareable to Compet Shares, as MA never gave any wrong or missleading informations.
Yes, they had to pay something.
It was because they gave wrong informations about values of their owned imobiles.
The law suit went over 12 years and what they had to pay was very marginal for the investors.
To get anything at all, every single investor had to sue them to demand the compensation.
As I read in history, only 17k Investors did that, many small investors simply took the loss.
At the end all who invested in Deutsche Telecom at startup, lost a lot.
That fact isn´t really compareable to Compet Shares, as MA never gave any wrong or missleading informations.
But there is other examples:
Topware Interactive AG
Founded 1995 - bamkrupt 2001 - just a hint
Out off the bankrupt company the Zuxxez company was formed, taking over employees and assets.
Later in 2005 Zuxxez renamed back to Topware.
That didn´t help the investors, as they lost everyting with the bankrupt in 2001.
I am sure there is a lot more companys that failed, but to lazy to search.
The Topware just came to my mind, because I worked for them, jumped off the sinking boat in 1999
I'll stop you right there. Prove to me they're "shares" and not revenue deeds and I'll start listening. Please understand the difference.
Rick
Yes, they had to pay something.
It was because they gave wrong informations about values of their owned imobiles.
If this continues, I'm demanding a f**king full refund. To put the record straight.
It's one thing if I accept a massive loss from MA, its quite another many in the community think the fault lies with the deed holders.
Rick
EXPLAIN TO US WHAT IS "NOT" MISLEADING FROM THE INFORMATION BELOW PLEASE.
Will all pets available in ComPet be inspired by Entropia Universe creatures, and will all pets used in ComPet be provided by Entropia Universe tamers and stables?
While the Entropia Universe taming system will definitely be a big part of the ComPet economy, not all ComPet pets will originate in Entropia Universe or be inspired by existing creatures. Many of the low-level ComPets will be generated by the ComPet system itself so that new players can get started right away. More details on the interaction between the Entropia Universe taming and stable systems and ComPet will be announced in the near future.
Rick: What happened to the Entropia taming system not being a BIG part of the Compet economy?
How does the ComPet app relate to the reimplemented Entropia Universe taming system that was announced not long ago?
As explained in the original ComPet announcement, the ‘traditional’ Entropia Universe taming system that was disabled after Version Update 10.0 will be reimplemented, with some exciting new features. In additon, the recently auctioned Entropia Universe stables will have the ability to sell pets and services to ComPet players.
Rick: Never happened, stables didn't sell pets to Compet, why?
Well....?????????
Rick
edit: Following this misleading information from Mindark, I not only spent years maxing my compet account, I spent years training in EU to Astonishing tamer for the purpose of all of this happening. It's actually making me angry now the bull-shit some people are writing, before they investigate the real facts of it.
If this continues, I'm demanding a f**king full refund. To put the record straight.
It's one thing if I accept a massive loss from MA, its quite another many in the community think the fault lies with the deed holders.
Rick