Interesting facts from the Financial Report
( "The A.I. case"
https://www.planetcalypsoforum.com/...s/a-new-loot-system-with-ai-is-coming.282629/
https://www.planetcalypsoforum.com/...-preview-of-hud-ui.288888/page-8#post-3839606 )
from the Financial Report :
MESSAGE FROM CEO HENRIK NEL JERKROT
During the fourth quarter, management and the Board in particular prepared for the IPO, while ongoing work continued to ensure that all our users have access to new content and experiences.
A development focus that began in the last quarter of 2022 and continues into the first quarter of 2023 is a new Artificial Intelligence (AI) strategy. MindArk already uses AI today, but our ambition is to integrate more AI technology into our own production and to use more of the various AI-based tools that are emerging and being offered. In this way, MindArk can further streamline its operations while pushing the boundaries of what is possible for our users to do inside the universe.
( http://www.entropiaplanets.com/wiki/Treasure_Island
In 2018 Treasure Island was annexed from David Storey by MindArk during the course of an ongoing lawsuit.
April 2018 - Annexation of Treasure Island - In April 2018 all Treasure Island properties were annexed and ownership transfered from Deathifier to the avatar "MindArk Official Annex" )
from the Financial Report :
SETTLEMENT OF A DISPUTE
On December 9, 2022, the Patent and Market Court of Appeal (PMÖD) issued a decision in a dispute between
a foreign private individual and MindArk. The dispute was initiated on March 23, 2018 by the individual sued MindArk before the Patent and Market Court (PMD), to prohibit MindArk from using certain source code and to award him damages which was finally specified to be in the amount of approximately SEK 33 million SEK.
MindArk considered the action to be unfounded from the outset for a number of reasons.
Developments have shown that MindArk was correct, though the case took longer than expected.
The dissolution followed the bankruptcy of the private individual on June 28, 2021, after which MindArk was able to reach a settlement with the individual’s bankruptcy estate which resulted in the bankruptcy estate withdrawing its claim in exchange for MindArk not making a claim for costs against the bankrupt’s estate.
PMD dismissed the case.
PMD rejected part of MindArk’s claim for costs and reduced MindArk’s claim for costs in so far as it related to the remaining part of the action.
On March 14, 2022, MindArk appealed the PMD’s decision to the Patent and Marknadsöverdomstolen (PMÖD).
MindArk’s appeal was successful and the PMÖD reversed the decision by awarding MindArk compensation for costs totaling 3 384 032 SEK instead of 2 220 942 SEK, of which the private individual would be jointly and severally liable together with his bankruptcy estate for 3 001 388 SEK.
The dispute has been finally settled by decision of the PMÖD. In other words, it cannot entail any further costs for MindArk.
The individual has no known assets in Sweden and his bankruptcy was declared on January 12, 2023.
MindArk’s chances of obtaining compensation for its legal costs in accordance with the PMÖD’s decision are therefore small.
However, MindArk has reached a settlement with its insurance company and it has paid 4 750 000 SEK as compensation for the legal costs incurred by MindArk during the period of the dispute.
from the Financial Report :
Shareholder Shares
Tetiana Karunna* 34,89% *Close relative to founder Jan Welter Timkrans
Fam. Bothén** 17,48% **Personal & via company
Peak AM*** 8,11% ***Sven Sandberg
Six Sis 4,95%
Sinovum Media 4,85%
Nordic Tender Holdings 3,49%
BNY Mellon 2,02%
Klas Moreau 1,74%
Kronboken 1,41%
Lars Hammarström 1,26%
Övriga cirka 900 stycken 19,79%
Totalt 100%
