LuisArkadov
Old Alpha
- Joined
- May 11, 2014
- Posts
- 713
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- In your nightmares
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- Avatar Name
- Chenghis LuisArkadov Pandoran
If there is anybody in your life, a real investor, please speak to them. I'm not going to include any IMO or explanation here because my related experience has no emotional value or impact to you at this time. Speak to a person that you know, in real life.
This venture has failed, and the option to recover 25% or so of your initial funds is NOT inconsiderable. The odds of MA doing anything to save compets after this announcement are a ridiculously low percentage, and the odds of them selling on something so heavily interlinked with EU IP are close to zero.
If they did manage to sell a property they couldn't allow to link into EU in the first place, the odds of that company developing it in such a way that it pays PEDs to EU players are low to nonexistent. They will be buying a dead product with no obligation to any deed holders should they manage to succeed with whatever scraps they bought.
The feeling of persecution by MA/EU are carry on stuff but now's definitely not the time to point by point any of that. Just, when you say you "can't take" it I hope that doesn't meant that you are going to walk away from the money on the table.
"Cut your losses" is a real thing. It is honestly a more important part of investing than anybody ever wants to think. When you see a good out, you take it. This one comes with an ongoing revenue stream that could, in theory, eventually recover your losses 100% +. Of course the timeline is ridiculous but also pretty much nobody in a venture capital fund or a startup funding round EVER got something like that.
Again, please, if you know any real investors or can speak to an investment advisor about this, it might help. Ask a day trader about cutting losses.
As for how this leaves you feeling about MA - you're not wrong there either. Obviously they know more about hiring lawyers at this point than hiring programmers. If you feel that someone sold you a prospectus and failed to make even a good faith effort to achieve the goals you are well within reason to be pissed. But speaking of those lawyers I doubt that anything actionable has occurred here.
In a case like this refusing to deal with them further is a pretty reasonable decision. Most of us would miss you.
Take the money though. If (USD)3k doesn't help your life right now, just leave it sit while you walk away for a while and it will chip away at those losses for you. You're in the middle of some real hurt and that's a horrible time to be making financial decisions or ultimatums about absolutes.
Something - again the pain and hurt are real but that's chemical, and it will pass. It's a variation on something I posted earlier in this thread but, if someone cuts your arm very badly, the first thing you leap to isn't "that really hurts I better just cut it the rest of the way off".
You know...I sometimes really struggle to work my way through your novel sized writings...Though this might be your best post ever
Rick, I don't know you but just from your posts i take you for a hopeless romantic...in a positive kinda way...Always seem to stick to your instincts & ideals no matter what. But this time you may want to listen to others who mean well. Allow some cool off time before totally losing yourself in what certainly is a fucked up & painful situation.
I am still butthurt about a few things that went down over 2017. Deciding to cut my losses at some point, withdraw & take a break for even just a month or so helped a great deal. (not quite over it though, mind)
Investments go sour sometimes. When they do then 25 cent(ish) on the dollar pay back is almost unheard of. Frankly I did not expect any compet investor to see any of their money back at all.
It was thoughtless and reckless by MA to just throw this out there. Sort of giving the impression to players that it'll just be another banker like CLD and AUD. It never was. The mobile game market is so over saturated and short lived it just didn't make sense to even attempt Compet.
That promised features weren't implemented may be a contributing factor to Compet's failure but the prospects were very bad from the get-go.
Do take the compensation offered. The Compet game is dead.
Consider the alternative... a protracted legal battle stretching possibly over years? At best it'll be a Pyrrhic victory in the end. May be better payback but at the price of really bad vibes over a long stretch of time.
Take the missus on a euro tour (while you don't need a visa yet ) & get the mindfuck out of your head.