What is the difference between an old share and an existing share? Are they not the same thing in this context?MindArk PE AB approved for listing on Spotlight Stock Market
Wed, Jan 11, 2023 17:10 CET
MindArk PE AB (publ) (the "Company" or "MindArk") is a Swedish digital entertainment company that has developed and operated the game Entropia Universe since 2003 - according to the Company the world's first MMORPG (Massive Multiplayer Online Role-playing Game) with a Real-Cash-Economy.
Since its inception in 2003, the company has been developing Entropia Universe, a virtual universe where users can create their personal avatars and operate in a science-fiction-inspired environment. Entropia Universe was developed by MindArk to allow people to engage in social and economic interactions beyond what is possible in the real world.
Entropia Universe consists of a digital economy called "Real-Cash-Economy" (RCE) where commodities, materials, land and buildings are represented as digital assets that all have a computed base value.
Entropia Universe is the only online world with a functioning money system that is not linked to a blockchain, the currency in Entropia Universe has a fixed exchange rate against the USD. The Entropia Universe economy and its link to the USD is proven and has built up a strong and important trust capital over its 20 years of being in full operation.
As of January 1, 2023, MindArk has 61 employees. In the period Jan-Oct 2022, MindArk had sales of approximately SEK 71.7 million and an operating profit of approximately SEK 15.2 million, corresponding to an operating margin of 21%. MindArk has been operating and developing Entropia Universe for 20 years and the Company is today well equipped to maintain, and develop its market position to advance further and take additional market share in a growing market.
Henrik Nel Jerkrot, CEO of MindArk PE AB, comments
"The listing on the Spotlight Stock Market is an important milestone for MindArk. For two decades MindArk has developed and operated a virtual universe that has entertained users worldwide, enriched virtual entrepreneurs and even made it into the Guinness Book of World Records. Above all, we have proven that you can turn a virtual universe into a profitable and successful business"
The company will not offer any new or old shares for sale but will conduct a so-called direct listing of existing shares. A subscription price has therefore not been set.
Listing on the Spotlight Stock Market
MindArk PE AB has been approved for listing on the Spotlight Stock Market.
Information about the share
Short name: MNDRK
ISIN of the share: SE0019354358
First day of trading: tentative first day of trading is 27 January 2023.
Company website: www.mindark.com
The company's memorandum will shortly be available at www.spotlightstockmarket.com.
For more information, please contact:
Head of Listings, Spotlight Stock Market
+46 8 511 68 008
Translated with www.DeepL.com/Translator (free version)
Tokens are not tradeable until unrealCouple of points: it's only a listing, with no new shares for now, so volumes may be extremely low, but it's a step towards seeking new capital more broadly.
UE5 is slated for a 2025 release here, as an 'expectation'. We still have a few mobbies to kill in what we currently have then ...
Those share tokens for 1% we'll be getting as of 'soon' won't be paying out for a while, so maybe the ped value of traded tokens will be lower than I thought in the other thread where I was hoping for 2023...
That's blatantly false. Why say something incorrect when this has been answered MULTIPLE times by people within the companyTokens are not tradeable until unreal
Just watch, with unreal officially coming out in 2025 these won’t be tradeable until at least 2025 when unreal is out or shortly before.That's blatantly false. Why say something incorrect when this has been answered MULTIPLE times by people within the company
Entropia Unreal Tokens can be looted from all creatures in the Merry Mayhem event instances. After the launch of Entropia Universe Unreal, the tokens can be converted to Entropia Unreal Shares on the Entropia Exchange. The Entropia Unreal Tokens will be tradable from early 2023.
I just don't fucking get it bro.
Just because you don’t like it doesn’t mean it’s incorrect.My goodness! Please don't make such bland incorrect comments, as it diminishes some of the good opinions you have.
The tokens are to be tradeable, but the timing in 2023 is somewhat open. It is unclear exactly how many will have dropped by the time of their tradability. The tokens will not be convertible, nor will they start paying out, until unreal...
The discussion, incl. MA input, is out there...
Oops mixed it up with the TWEN in my memory your rightBaby girl, THEY NEVER said they expected UE5 to drop in 2023.
You’re starting to turn into rookie chat/Kanye West.
Not a good look boo
any volunteers to translate?
Is that first half of 2025? Just confirming as I'm used to seeing Q1,Q2,Q3,Q4(First quarter of the year, etc.) When talking about release times.
If noone else does I'll transcribe and translate it this evening.
In short, he explains what Mindark is, what Entropia is, how Mindark makes money, a little bit about the partnership with Epic and the reasoning behind it, a bit about the IPO and why investors should be interested.
There is no real new info in there other than the h1 2025 release plan, but it will be nice to have, once again, another source explaining how MA makes money, because this is still, for some reason, a mystery to many users.
I understand the time it will take for you to do this if you decide to translate for us. I want to thank you ahead of time for your efforts!
Their office looks really nice and I am jealous that someone gets to have their dog at their cubicle!
Just to clarify, no shares are necessarily being sold; it's a listing (which may technically make the acronym IPO wrong - it's now going to be available to the Public, but there is no set Offering! But that's only in the thread title as far as I can see.) A listing just makes it a whole lot easier for those rather long-term holders of the shares to sell if they wish, but volumes may be very low. I guess it depends on what initial pricings make them worth and whether or not anybody wants to free up some of the value and diversify their capital with the opportunity now presented. Does anyone have any experience of the Spotlight Stock Market and typical volumes of companies listed there?makes sense now that I know it’s all personal shares from shareholders being sold.