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- Thaddeus Rusty Venture
I am obviously so important that my opinion deserves it's own thread, separate from the other discussion.
So to begin:
BAD NEWS. So what is stated here is that MA is going to retake all subsidiaries of their company. Thus Calypso will no longer be a separate entity from Entropia Universe. This is bad news for all planetpartners as they are now significantly less important to the company, and now are direct competitors as well. This will create obvious conflict, even more than we have seen in the past. Such as calypso getting exclusive events, more updates, etc, compared to all other planet partners. We have seen this since day 1, but it will now be exponentially worse.
Company one has 1 IT guy? So everyone else knows shit all? How many developers do they have? I assume zero based on this writeup. The rest must be minor accountants and janitors, etc. So they clearly outsource development with the single IT guy overseeing the outsourcing. No wonder everything is so random and doesn't work like the matrix.
This statement verifies, with 100% certainty, that we have been lied to over and over. Compet Game IS 100% FOR SURE taking resources away from Entropia Universe for it's development. This statement confirms it without a doubt. I like compet but for all you who don't, this is confirmation you have a right to hate it as it is fucking up Entropia Universe as they have less money and staff to put onto EU due to this compet game.
Can someone re-translate this section? As Google translates it says that the money we put into the game counts as legitimate payroll to be dispensed back to us after a deposit? That doesn't seem right and puts a lot of legal issues into account. We as the player base can sue them over this statement if the translation is correct. So lets hope it is not. As it states, All deposited are guaranteed 95% PAYROLL back. If we don't we can sue as they are not issuing our PAYROLL. Once again lets just hope this is poor translation.
So if the mobile market wasn't expanding you would have canceled this project? That is a major waste of money. Plan ahead more jesus christ.
I have never seen these videos on the app. I will check again. If they are the Pig Benis videos, FUCK YOU. I cannot respect someone with a fucking name like that, and they shouldn't be making official tutorials. They are not even that good I have watched them all. My OWN website www.entropiatutorial.com is 100000% better. Use that I give you permission. Besides that update this app with more news, I don't get enough notifications from it. You should send out at least 1-2 notifications per week using the app. This amount is considered non obtrusive.
Why is this statement here? All it does is verify that you cannot keep your promises. You even fucked over the Swedish government by not releasing on April/May as according to your contract with them. once again, Jesus Christ why is this in an official document are you trying to get sued? It is not in operation since May. I am a beta tester on this project and have not received any notification of a release, nor can searching find any. You "Stating" that development is complete does not account to a release as you have also stated. Fucking Lies.
Speaking with Support, this is also verified to be a fabrication from this quote from loki when I asked. (Loki is the bestest support ever btw, my favorite employee at MA). He is online almost 24/7 and can answer instantly. He's the support MA needs and deserves.
So this is not out, I fear that they will have to refund the grant money from the Swedish Government as they did not meet contract terms. This is just bad, breaching a government development contract is BAAAAD.
So MA is decreasing their debt by taking from accounts that are inactive. Yet they calculate this immediately after 1 year, whie the account still technically has time to log in and verify. Thus we can assume this number ALSO to be a lie, it cannot be correct as there will be many factors not included as stated. Another interesting tidbit is that 30-35% of all deposited over time have not been spent and still resume in the system as raw PED
This verifies it, MA lost 10% of profits even after stealing 7.3 million SEK from their new TOS change.
This is the most major statement. I wish it were true. We all know it is false. MA would never waste money on something that would increase their profit, like focusing on the costumers. Could you imagine?
Btw, just introduce new players to www.entropiatutorial.com if they go through it and don't have 50 ped to keep playing, then they never will.
Hire full time developers and a beta testing team. That way you don't have people not deposing and not spending money. For Fucks Sake. Jesus Christ. Etc.
You're a real company, what is wrong with you? Just add more resources or hire a more efficient developer.
MA Doesn't even develop content, not for MA, not for calypso. They are 100% useless. They post officically that N-IX develops their content, yet they also deny it when asked.
Because N-IX develops both Compet and Entropia, there is conflict of interest. Compet is fucking over entropia and vise versa. Also MA has no developers.
More proof MA is commissioning work on Entropia Rather than trying to hire any developers.
MA states publicly they have a pool for big loots, and that it is 100% empty this year (Don;t bother hunting in 2018
So to begin:
MindArk and its subsidiaries
MindArk is the parent company of a group with two subsidiaries. Parent Company and the two The subsidiaries, Entropia Universe AB and Planet Calypso AB are located in Gothenburg. Since January 1st In 2015, all activities from the Parent Company will be conducted. Planet Calypso AB operated and developed Planet Calypso, the first planet in Entropia Universe. Both operations and development are now carried out by the parent company. Subsidiary Entropia Universe AB handled previous major parts of customer support and operation of Entropia Universe. From May 2012 used the company primarily for marketing purposes.
BAD NEWS. So what is stated here is that MA is going to retake all subsidiaries of their company. Thus Calypso will no longer be a separate entity from Entropia Universe. This is bad news for all planetpartners as they are now significantly less important to the company, and now are direct competitors as well. This will create obvious conflict, even more than we have seen in the past. Such as calypso getting exclusive events, more updates, etc, compared to all other planet partners. We have seen this since day 1, but it will now be exponentially worse.
Coworker MindArk had an average of 44 employees during the year, six of whom were women. The company's CEO has been Henrik Nel Jerkrot since December 2017. Other leading The company's employees include Magnus Eriksson (Deputy CEO), Mats Kling (IT Manager), David Simmonds (business development manager), Jan Welter Timkrans (working chairman of the board) and Gunilla Krogh (CFO).
Company one has 1 IT guy? So everyone else knows shit all? How many developers do they have? I assume zero based on this writeup. The rest must be minor accountants and janitors, etc. So they clearly outsource development with the single IT guy overseeing the outsourcing. No wonder everything is so random and doesn't work like the matrix.
Important events during the fiscal year MindArk continued in 2017 to invest in the development and marketing of Entropia Universe. In parallel, the company has also continued with the development of ComPet Game, a brand new game for mobile phone, tablet and PC
This statement verifies, with 100% certainty, that we have been lied to over and over. Compet Game IS 100% FOR SURE taking resources away from Entropia Universe for it's development. This statement confirms it without a doubt. I like compet but for all you who don't, this is confirmation you have a right to hate it as it is fucking up Entropia Universe as they have less money and staff to put onto EU due to this compet game.
Entropia Universe - Loot 2.0 In 2017, MindArk released a series of updates to Entropia Universe, which we have briefly called Loot 2.0. With the updates, MindArk has aimed at fundamentally changing how looted hunting is calculated and distributed to achieve more flexible, balanced and rewarding system. The change has gradually led to this profound development of Entropia Universe and has significantly improved payroll repayment for the large amount of players (over 95%). Now that this foundation is created, opportunities will be opened to improve the experience for more Entropians who get more entertainment for the same cost, leading to a bigger total sales and profits for MindArk
Can someone re-translate this section? As Google translates it says that the money we put into the game counts as legitimate payroll to be dispensed back to us after a deposit? That doesn't seem right and puts a lot of legal issues into account. We as the player base can sue them over this statement if the translation is correct. So lets hope it is not. As it states, All deposited are guaranteed 95% PAYROLL back. If we don't we can sue as they are not issuing our PAYROLL. Once again lets just hope this is poor translation.
ComPet Game After the launch in late 2016, data and experiences were collected from customers. With that knowledge, the company chose to make a greater contribution to development and the package of ComPet in order to relaunch the product in 2018
So if the mobile market wasn't expanding you would have canceled this project? That is a major waste of money. Plan ahead more jesus christ.
Entropia Pocket In late 2016, MindArk released the mobile app Entropia Pocket. A free mobile application like integrates a 2FA (two-factor authentication solution) to provide enhanced security for all participants in Entropia Universe. Entropia Pocket is a complement to the previously offered two-factor authentication solution "Gold Card" and the idea is to terminate this solution in the long run replace the "Gold Card" solution. By 2017, the app has been supplemented with a targeted newsflow that is relevant to our customers. Entropia Pocket also helps with learning the game, this through instructional films. During In the last quarter of 2016, the company saw a cautious transition from the existing "Gold Card" solution, in order to see a robust growth of users by 2017. Customers have now got both confidence in solution and see the benefits of getting targeted messages and relevant information as soon as it is done available.
I have never seen these videos on the app. I will check again. If they are the Pig Benis videos, FUCK YOU. I cannot respect someone with a fucking name like that, and they shouldn't be making official tutorials. They are not even that good I have watched them all. My OWN website www.entropiatutorial.com is 100000% better. Use that I give you permission. Besides that update this app with more news, I don't get enough notifications from it. You should send out at least 1-2 notifications per week using the app. This amount is considered non obtrusive.
Social VR Experience Supported for Mobile Devices In 2017, MindArk has developed Business VR which is a B2B solution for virtual meetings, seminar and more. In May 2017, the company received its first contribution from Vinnova, Sweden innovation authority to produce this product. In total, 1.9 MSEK will be paid out to company for 1 year time. MindArks unique experience and knowledge from Massively Multiplayer Online Games (MMOs) have come true when the company developed Business VR, when we worked thousands of players online at the same time in a game environment for many years we have been able to utilize it knowledge and build on a B2B solution with many contemporary users in a virtual environment. The solution developed during the spring has been in operation in the project since the end of May. With help The company has thus been able to have meetings and communication between geographically scattered sites but in the same virtual location. Now we are working relationships with partners there Specific uses can be described and further put into use in the virtual environment that is now available front for desktop (Oculus Rift, HTC Vive and MacOS) as well as for mobile devices (Google DayDream and Samsung Gear VR 2017)
Why is this statement here? All it does is verify that you cannot keep your promises. You even fucked over the Swedish government by not releasing on April/May as according to your contract with them. once again, Jesus Christ why is this in an official document are you trying to get sued? It is not in operation since May. I am a beta tester on this project and have not received any notification of a release, nor can searching find any. You "Stating" that development is complete does not account to a release as you have also stated. Fucking Lies.
Speaking with Support, this is also verified to be a fabrication from this quote from loki when I asked. (Loki is the bestest support ever btw, my favorite employee at MA). He is online almost 24/7 and can answer instantly. He's the support MA needs and deserves.
Loki said:Okay I do not have information about that but I assume that they have a contract already but not fully implemented yet.
So this is not out, I fear that they will have to refund the grant money from the Swedish Government as they did not meet contract terms. This is just bad, breaching a government development contract is BAAAAD.
Unused user information including the player debt from "Contingent Liability" to debt in the balance sheet Player debt, ie unused user shares, decreased during the fiscal year PED 109.7 million to PED 105.4 million, a decrease of 4.3 million PED. The total debt also decreased in SEK, but to a significantly higher extent, since the SEK / USD exchange rate has fallen from 9.10 SEK / USD at last year to SEK 8.23 / USD last December 2017 (10 PED = 1 USD). The resulted in debt falling by 13.1 million in SEK, from 99.9 million SEK to 86.8 million SEK. Player debt declined partly due to the fact that it was spending more PED than that New money was added and partly because of remaining, no funds spent on accounts Active since one year back, was reverted to revenue. The company has concluded that the entire actual player debt should be entered in the balance sheet, In the past, only the change in player debt has been recorded in the balance sheet. This results in that the player debt disappears as contingent liability. With it, it must be the real value of the debt is determined. The total amount "of users not yet consumed assets" is a variable amount as varies with the various activities of Entropia Universe. Historical figures show that 30-35% (commuted there between the last 15 years) of funds deposited by users. The rest have been consumed or retained on users' accounts in the form of inventory or cash in
So MA is decreasing their debt by taking from accounts that are inactive. Yet they calculate this immediately after 1 year, whie the account still technically has time to log in and verify. Thus we can assume this number ALSO to be a lie, it cannot be correct as there will be many factors not included as stated. Another interesting tidbit is that 30-35% of all deposited over time have not been spent and still resume in the system as raw PED
Earnings and equity Net sales in the company amounted to SEK 57.5 million (last year SEK 63.8 million), one decrease by almost 10%. About 7.3 million SEK of net sales refers to inactive user accounts, ie user accounts that have not been used for at least one year. rEMAINING funds on these accounts have been booked away from the player debt to income. About inactive player accounts Excluding this year's net sales decrease is 8.5%.
This verifies it, MA lost 10% of profits even after stealing 7.3 million SEK from their new TOS change.
Revenues did not reach the company's budget targets. The reason why the budget was not reached depends largely on Part of the fact that active customers have not used their funds to the extent budgeted. The company is working intensive to make the beginner experience more understandable so that users are more likely to come start spending money (spend money). Another reason is the difficulty of finding the right one customers, that is, just that type of player who appreciates Entropia Universe's complexity and also the possibilities of the game.
This is the most major statement. I wish it were true. We all know it is false. MA would never waste money on something that would increase their profit, like focusing on the costumers. Could you imagine?
Btw, just introduce new players to www.entropiatutorial.com if they go through it and don't have 50 ped to keep playing, then they never will.
Hire full time developers and a beta testing team. That way you don't have people not deposing and not spending money. For Fucks Sake. Jesus Christ. Etc.
This is borne by increased costs of external development costs of just over SEK 1.6 million. The main reason for this is that ComPet has demanded a lot more resources software development company N-ix than expected.
You're a real company, what is wrong with you? Just add more resources or hire a more efficient developer.
Cash flow and financial position During the year, the company acquired tangible fixed assets for SEK 200,000. In addition, has SEK 3.9 million was commissioned for development work for Entropia Universe and Entropia Platform. The company's cash and cash equivalents have decreased somewhat during the fiscal year and amounted to 7.8 at year-end SEK million against SEK 9.5 million in the previous year
MA Doesn't even develop content, not for MA, not for calypso. They are 100% useless. They post officically that N-IX develops their content, yet they also deny it when asked.
Athena: Hi welcome to Entropia Live Support.
Venture: have any details on software company N-ix
Athena: We don't have information on that.
Venture: what is their offical website
so I dont post the wrong on
they are developeing compet right
Athena: You can asked the support case department on that.
Venture: that looks bad
this is being posted publicly
I alread have the url btw
like wtf?
An "I don't personally know, let me look it up" looks better than a coverup
Their fucking website says they work with you
please elaborate why you are trying to cover this up?
Athena: We can't because Live Chat is different.
Our information is very limited.
Venture: you cant even post a url that backlinks to you?
https://www.n-ix.com/virtual-reality/
Athena: Like I said our information is very limited.
Venture: No worries
I am just trying to defend you guys in the HORRIBLE financial statement you posted
not making it easly though
this is another bad area
Athena: Thank you.
Because N-IX develops both Compet and Entropia, there is conflict of interest. Compet is fucking over entropia and vise versa. Also MA has no developers.
Operating expenses amount to SEK 58.5 million (last year to SEK 63.5 million), which is one decrease of SEK 5 million. Most of the decrease is due to reduced marketing. The is also SEK 1.1 million lower than budgeted since ComPet's share has not been used. Though this is borne by increased costs of external development costs of just over SEK 1.6 million. The main reason for this is that ComPet has demanded a lot more resources software development company N-ix than expected. Operating profit before depreciation amounts to SEK 8.7 million (last year plus 9.1 million SEK).
More proof MA is commissioning work on Entropia Rather than trying to hire any developers.
Cash flow and financial position During the year, the company acquired tangible fixed assets for SEK 200,000. In addition, has SEK 3.9 million was commissioned for development work for Entropia Universe and Entropia Platform. The company's cash and cash equivalents have decreased somewhat during the fiscal year and amounted to 7.8 at year-end SEK million against SEK 9.5 million in the previous year.
MA states publicly they have a pool for big loots, and that it is 100% empty this year (Don;t bother hunting in 2018
Note 5
Proposed profit allocation
The Board proposes to make available profit (SEK):
2017 2016
accumulated loss -44,113,843 -4 457 602
share premium 33 950 695 29 078 708
the win of the year 0 5,433,772
-10 163 148 30 054 878
be disposed of to be transferred on a new account - SEK 10 163 148.
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