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Annual report MA

billairboy said:
Yeah i agree, fewer ATH/HOF and bigger avarage everyday loot would benefit us all.
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Yeah, and the thing is that it wouldnt cost MA anything to just even out the loot returns, but it would prevent players from quitting when they have bad periods :)
 
As long as they've got cash in the bank they'll be ok but they need to generate more cash flow and they can only do that by making the players happier to deposit.

The sale of FPC makes more sense of why ND is trying to sell CND.
 
I am in Goteborg for a week again and I can say it's really easy to make money here :)

I just spend 1 hour in Cosmo Casino and tadam !!!

[br]Click to enlarge[/br]

I love this picture :)

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I love Sweden !!!!!! (and Swedish girls :) )
 
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Oups sorry for the HUGE size of pics :)
 
Read it all now, not all of the economics in detail and not all the notes, but imo it looks good! They will have a hard time but if the new planets get their marketing done nice and when Planet Calypso also is sold and marketed by the new owner things will turn!

They kind of say that they intend to work out the rest of the year with the sell of the facility in Germany. They also will get monthly payment from a planet partner based on their deal, (1.6M USD left to pay).

The turn over has of course went down for 2k9 to 50 664 000 from 66 625 000 in 2k8. Though there are some interesting numbers concerning us in there...

Payment from customers: 2009: 68 863 225 SEK 2008: 66 918 359 SEK
This is for the whole concern (Mindark PE AB) which includes FPC.

Payment from customers: 2009: 57 448 559 2008: 66 918 359
This just for the mother ship, MA
...

All in all I think it's fairly sure to say that they had good incomes from the player base for all of 2009 as a whole, guess it went down with the release of VU10, which they talk about and that is still the case for the first quarter of 2010 and is slowly getting into pace...

...


Now for the interesting bits that might be to value for our playing, not that they are good on keeping the schedule but here is for a hoping!

Styrelsen förväntar sig att användandet och därmed intäkterna kommer att
stiga när samtliga system är uppgraderade och nya system tillförs under hösten 2010.
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This basically says that the board expects the usage of entropia too increase again when all systems are upgraded and new are implemented during the fall of 2010.
I hope the bold part is true, and that it could be interpreted that we will again see the old systems back in business during fall!

MindArk räknar med att Next Island kommer att etableras under sommaren och Creative
Kingdoms planet till hösten.
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Mindark counts on the establishing of Next Island during the summer and Creative Kingdom at fall.

SEE Virtual Worlds har under året skrivit kontrakt med två mycket intressanta ”Intellectual
Properties” i Hollywood, vilket kommer att tillföra två planeter till Entropia Universe. SEE
kommer att offentliggöra namnen på dessa under andra halvåret av 2010.
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SEE Virtual Worlds has during the year made contracts with two very interesting Intellectual Properties in Hollywood, which will introduce two planets into EU and they will make these names public during the second part of 2010.
 
Torlin said:
I am in Goteborg for a week again and I can say it's really easy to make money here :)

I just spend 1 hiour in Cosmo Casino and tadam !!!



I love this picture :)





I love Sweden !!!!!! (and Swedish girls :) )
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then please walk 1,6 km and give MA a donation ;)
 
I wonder if the buyer of Calypso could be some company lead by Marco and some other of the workers at FPC as some of the owners? But is's a lot of money so it must be some other company with cash also.
 
billairboy said:
Yeah i agree, fewer ATH/HOF and bigger avarage everyday loot would benefit us all.
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Everybody keeps saying that, but levi and proteron are hugely popular. Go hunt snables and your 1000 ped turnover will more likely like 70% return and no ubers / aths.

Seems people rather have the chance to win big than guaranteed loss. Which is true, because all gambling systems (casino, lottery etc) are based on that.
 
chielsen said:
Everybody keeps saying that, but levi and proteron are hugely popular. Go hunt snables and your 1000 ped turnover will more likely like 70% return and no ubers / aths.

Seems people rather have the chance to win big than guaranteed loss. Which is true, because all gambling systems (casino, lottery etc) are based on that.
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Well how about making both types?

Mining unamped atm I get either 0-30% returns or 150-300% returns :eek: last year I usually got 70-150% returns or so...
 
billairboy said:
The players have 62 MSEK in peds and tt value, MA have 13 MSEK in cash....
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I've read and reread the translation... so basicly you take the "contigent liabilities" to be what players own in PED and items and then go on to compare this to cash and cash equivalents at the end of the year? Shouldn't you instead be comparing "contigent liabilities" to "unrestricted reserves" ?

Looks like you made the same mistake made by those who compare the market valuation of a large company with the GDP of a small country ...
 
billairboy said:
I wonder if the buyer of Calypso could be some company lead by Marco and some other of the workers at FPC as some of the owners? But is's a lot of money so it must be some other company with cash also.
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You don't need cash to buy a company, just enough people to loan it to you, Look at Manchester United they were bought and then landed with huge loans to pay off.

FPC buying themselves is the most likely, another company might be required to pay off the whole amount in one but this is split into 4 spread over a year.
 
Nighthawk said:
Well how about making both types?

Mining unamped atm I get either 0-30% returns or 150-300% returns :eek: last year I usually got 70-150% returns or so...
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Then combine those runs as 1 run and you arrive at your 80% return.
 
Is this the new sky is falling thread with the usual cast of characters with inaccurate and/or misleading information?
 
billairboy said:
Yes, if the deal is completed they solve a lot of cash problems. I wonder who the buyer is.... and what about FPC? :scratch2:
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billairboy said:
Yeah it looks like they working hard to take in more partners, MA are slowly selling out their share of the profit (or loss) to other investors and planet parnters. In away they bring in more equity without actually issue any new shares.
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SpikeBlack said:
The sale of FPC makes more sense of why ND is trying to sell CND.
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billairboy said:
I wonder if the buyer of Calypso could be some company lead by Marco and some other of the workers at FPC as some of the owners? But is's a lot of money so it must be some other company with cash also.
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I vote ND... lol

anyway, another big part of their expenses for the year of 2009 is their investments in their own real banking license! This hasn't been included in earlier reports and therefore have a bigger impact on 2009. Their reason for this is because it was put on hold for now. It would had required 5M Euro to establish the license...
 
ofc someone gotta pay for those aths

so the average returns for the whole playerbase goes down to pay for a lucky jackpot

i see snables hit >3k peds also sometimes
lets say they cost 0.10 peds to kill
so that means 30k no looters for all other snables hunters
(i know this is not true its just a single mob but you get the idea)

before they changed the loot system
most mob give better average returns and there where some gamble mobs
hogglo was very popular in those days
 
Xen said:
Is this the new sky is falling thread with the usual cast of characters with inaccurate and/or misleading information?
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nope not yet at least, we are trying to keep those away for now, don't lure them here by making the thread searchable for "sky is falling" :silly2:
 
But is natural when a company invest they lose money the first year.
 
SKULL said:
how much did you win in $ ?
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So 3000 €uro the 1st day, than +2K euros today :)

billairboy said:
We can send some blond swedish girls, you send us some french girls?;)
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deal !!!!!
Oh no mate, I don't want to be so bad with you, french girls are crazy

jenny ferr said:
then please walk 1,6 km and give MA a donation ;)
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lol

Jacxz said:
his receipts show 24195 SEK = 3083,15 USD
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Yes but after, a security guy ask me to not use anymore my cell phone to take pics inside the Casino :)
Nighthawk said:
If you donate enough they might even send some swedish girls ;) lol
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Sounds dangerous :)

Torlin said:
Oups sorry for the HUGE size of pics :)
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Sorry John, I am aware now ;)
 
remontoire said:
I've read and reread the translation... so basicly you take the "contigent liabilities" to be what players own in PED and items and then go on to compare this to cash and cash equivalents at the end of the year? Shouldn't you instead be comparing "contigent liabilities" to "unrestricted reserves" ?

Looks like you made the same mistake made by those who compare the market valuation of a large company with the GDP of a small country ...
Click to expand...

I did a bit of "short term" look at the issue when compared with the cash, much of the other assets are the value of the EU platform and other assets not easy sold. Yes, in the long run is the unrestricted reserves that is the intresting part, and it looks like they are selling and bringing in a lot of cash in 2010 so i am not as worried as i was when i first saw the cash flow.
 
valentin said:
But is natural when a company invest they lose money the first year.
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yep, alot got spent in the last year for sure.

Actually, considering the world financial situation over the year or two, it's not as bad as I feared it might be. Hopefully if they manage to get it all back by the end of the year, things will pick up again.
 
SpikeBlack said:
You don't need cash to buy a company, just enough people to loan it to you, Look at Manchester United they were bought and then landed with huge loans to pay off.

FPC buying themselves is the most likely, another company might be required to pay off the whole amount in one but this is split into 4 spread over a year.
Click to expand...

Reading it again, they are talking about a "international company" so it must be some external company. I wonder if Crytek could be intrested.. not totaly impossible considering that they already are providing the game engine.
 
Nighthawk said:
Unless the loss actually is because their expenses has gone up rather than that their income has gone down?
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They did go from 57 employees to 74. That's a big increase in expenses.
 
People are going to start selling out. Five years, give or take (take actually, if we take the current numbers into account).
 
In the report at the end it states:
Annual General Meeting held on 18 June 2009 in the company's office in Gothenburg. Utöver stadgeenliga frågor In addition to statutory issues
beslutades om bemyndigande för styrelsen att besluta om nyemission av aktier mot kontant decided to authorize the board to decide to issue new shares for cash
betalning. payment. Styrelsen har inte utnyttjat bemyndigandet under verksamhetsåret. The Board has not exercised this authorization during the fiscal year
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Not sure what that means. Does it mean in last years AGM they were given approval to issue more shares but to date they have not exercised that right? If so that's a good sign right ?

If they issued more shares? what does that mean in terms of value?
 
Nighthawk said:
Unless the loss actually is because their expenses has gone up rather than that their income has gone down?


I still think that the biggest problem (for player retention) is that loot is so unbalanced (need fewer ATHs and HoFs, less big-loss hunts, more stable returns)

I would rather get 80% back 3 times in a row than getting 60% back once, 120% back next time, then 60% again... (as an example)
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totally agree with this. They could still have those really big ath's but it should just take a bit longer between them. And even out the medium ones and loot on average. This would in the long run make more players stay and more players produce more decay, and since ma makes most of their cash on decay that should be a good thing.
 
GeorgeSkywalker said:
In the report at the end it states:


Not sure what that means. Does it mean in last years AGM they were given approval to issue more shares but to date they have not exercised that right? If so that's a good sign right ?

If they issued more shares? what does that mean in terms of value?
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yes you are right, though how this is good or bad don't ask me :p
 
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