Doesn't Arkadia Studios own the Moon Deeds? How can MA give away something they don't own for 0 payment?
Shitty situation, but, moving on is a good step forward. Another positive sign is that MA stepped up before the deeds got to 1 ped worth on the market. Hope the comped deed owners get their money back from the moon deeds revenue.
Time to close the space now and add TPs betwene planets
Question seems none bother to ask ....
Where comes money for this transfers sharade ??
DID MA pay for Amds from their own pockets ??
or once again money was sucked from playerbase
from reaction of others ....
looks all are happy for compensation as they all know they deserve NONE
Doesn't Arkadia Studios own the Moon Deeds? How can MA give away something they don't own for 0 payment?
I can't imagine it any other way as that MindArk buys these deeds at full price. Arkadia has nothing to do with Compet and cannot legally be forced to share the loss.Doesn't Arkadia Studios own the Moon Deeds? How can MA give away something they don't own for 0 payment?
Doesn't Arkadia Studios own the Moon Deeds? How can MA give away something they don't own for 0 payment?
Question seems none bother to ask ....
Where comes money for this transfers sharade ??
DID MA pay for Amds from their own pockets ??
or once again money was sucked from playerbase
from reaction of others ....
looks all are happy for compensation as they all know they deserve NONE
Every company has failed projects. Every single one. But sure, go ahead and expect them to be perfect in a world where nothing is.now i know what kind of a company MA is, and its time to say farewell and hope for the worst in the future for this company.
Big Fail AB.
Question seems none bother to ask ....
Where comes money for this transfers sharade ??
DID MA pay for Amds from their own pockets ??
or once again money was sucked from playerbase
from reaction of others ....
looks all are happy for compensation as they all know they deserve NONE
now i know what kind of a company MA is, and its time to say farewell and hope for the worst in the future for this company.
Big Fail AB.
If assuming all 200,000 compet deeds were indeed sold and all 200,000 of them will be exchanged into Ark Moon Deeds, that would literally mean that 3/4 or 1.5 mil USD worth of money/peds just upped and vanished into thin air.
The Big Fail had already happened. This is more of an acknowledgement and some karma points for giving some refuge to those who suffered cause of this failure.
MA were going into an unknown domain ( mobile gaming) with "A" concept and asked for funds. If people were not willing to risk there funds , they should have asked all questions back then and considering all the risk involved they should have just not invested in the project. I know I did not because of lack of clarity and also my lack of faith in MA's understanding of mobile gaming market. There is nothing wrong with those who did as long as they understood the risk and the thing with risk is, you either win big or go home.
By offering Ark moon deeds, MA saved people from going home with nothing. +Rep to them for that.
So everyone's a-okay with this transaction that is going to happen?
If assuming all 200,000 compet deeds were indeed sold and all 200,000 of them will be exchanged into Ark Moon Deeds, that would literally mean that 3/4 or 1.5 mil USD worth of money/peds just upped and vanished into thin air.
And no one is disturbed/unsettled by this?
(PS: I wanted to comment further, but decided against it. I truly hope that you guys will read between the lines yourselves. Good Luck and Take Care.)
Well the message that sends, is partly why all the moon deeds didn't sell out. We've moved from we will deliver and make it work if you invest with us, to we might not deliver or refuse to deliver and will pass on the loss to those stupid enough to believe in us. That does not bode well for any future sales.
Compet could've been successful if it had the right content and purpose to make it viable. The "accountability" for that lies totally with the developer, lets remember deed holders had no voting rights like shares. The community could argue about the morality of it all day long.
We're being given the option to swap deeds at a loss on their original price, it's most likely most will accept that offer even if we don't like it. That's another win for MA more than the deed holders, becasue once swapped Compet deed owners have discarded their rights to pursue any loss for failure to deliver a viable game as was promised. I'm sure MA are well aware of this, and probably laughed about it with their lawyers.
After the swap MA made 400 ped for every 5/2 trade or the orginal sold deeds. I'd love to know finanically what loss MA have taken on this.
Lets look at it another way; Lets assume MA said unlucky compet deed holders you're getting nothing for "our" compete failure. What do you think the impact of that would be for deeds sold to the EU community? It would be like a nuke going off in their main game. MA know this, all too well.
I don't view it that MA are doing Compet holders a favour. If it was a favour it would be a 5/5 swap and even then it would be a loss of 500 ped compet v 250 ped ark moon deeds. Instead we get 500 ped compet deeds for 100 ped Ark Moon deeds. We've been forced into a corner to accept it......it's as simple as that.
However and I'm not pointing the finger at you Div, it's just a general comment. There're so many posts now that investors should take the full hit for MA failures, that it doesn's inspire any confidence or appetite in future to trust MA, becasue such posts want the "customer" to take ALL the risk. I think that sucks.
Rick
IMO, MA is giving a way out for the Compet Deed Holders and trying to save their face a bit. We could actually aplaud this move.
Well the message that sends, is partly why all the moon deeds didn't sell out. We've moved from we will deliver and make it work if you invest with us, to we might not deliver or refuse to deliver and will pass on the loss to those stupid enough to believe in us. That does not bode well for any future sales.
Compet could've been successful if it had the right content and purpose to make it viable. The "accountability" for that lies totally with the developer, lets remember deed holders had no voting rights like shares. The community could argue about the morality of it all day long.
We're being given the option to swap deeds at a loss on their original price, it's most likely most will accept that offer even if we don't like it. That's another win for MA more than the deed holders, becasue once swapped Compet deed owners have discarded their rights to pursue any loss for failure to deliver a viable game as was promised. I'm sure MA are well aware of this, and probably laughed about it with their lawyers.
After the swap MA made 400 ped for every 5/2 trade or the orginal sold deeds. I'd love to know finanically what loss MA have taken on this.
Lets look at it another way; Lets assume MA said unlucky compet deed holders you're getting nothing for "our" compete failure. What do you think the impact of that would be for deeds sold to the EU community? It would be like a nuke going off in their main game. MA know this, all too well.
I don't view it that MA are doing Compet holders a favour. If it was a favour it would be a 5/5 swap and even then it would be a loss of 500 ped compet v 250 ped ark moon deeds. Instead we get 500 ped compet deeds for 100 ped Ark Moon deeds. We've been forced into a corner to accept it......it's as simple as that.
However and I'm not pointing the finger at you Div, it's just a general comment. There're so many posts now that investors should take the full hit for MA failures, that it doesn's inspire any confidence or appetite in future to trust MA, becasue such posts want the "customer" to take ALL the risk. I think that sucks.
Rick
Investing 101. If youre not willing to take the risk for the investment, dont invest. You have to assume all the loss.
Cheers,
Divinity
The Big Fail had already happened. This is more of an acknowledgement and some karma points for giving some refuge to those who suffered cause of this failure.
MA were going into an unknown domain ( mobile gaming) with "A" concept and asked for funds. If people were not willing to risk there funds , they should have asked all questions back then and considering all the risk involved they should have just not invested in the project. I know I did not because of lack of clarity and also my lack of faith in MA's understanding of mobile gaming market. There is nothing wrong with those who did as long as they understood the risk and the thing with risk is, you either win big or go home.
By offering Ark moon deeds, MA saved people from going home with nothing. +Rep to them for that.
So are you suggesting we all stop funding Mindark? Please qualify your thoughts.
I doubt arkadia studios is eating the cost on this though.