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mastermesh said:
http://www.entropiaplanets.com/threads/compet-income.19752/page-7#post-132622
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That link is an interesting read, especially as MA continued to advise deed holders and players that MA were continuing development. Are we not to trust and believe in statements made from the CEO? It's bordering on a police investigation to be fair, not that I'm prepared to use the "F" word at this stage

Now that emotions have calmed down, it's a lot easier to assess the issues with a clear head. It doesn't really matter how well MA have wrapped this up with smoke and mirrors (quite cleverly, as usual), the message is dangerously clear:

Where MA have often got away with slow development for systems they sell to us (stables an example), to my knowledge they've not continually made statements to investors or the community to "mislead" investors with the intention of not delivering on those promises stated in Bulletin #1 or recent posts from the CEO McCormick spoke about in his post.

It leaves loads of unanswered questions for Stables owners. They will not be selling pets to Compet now, plus other promises that those investors paid for. What is left form them, after rings that came after pets destroyed sale buffs for them. Are they too supposed to be torn down by some of the community for their trust in MA?

In my opinion MA's current offer doesn't come close to resolving the compensation due, based on the misleading facts of sale and CEO statements.


So regardless what happens with this, and it certainly will not be all over once the deed swap completes. MA have got a huge problem with selling anything in future unless it's 100% completed before sale. Ark Moon deeds is a prime example, and that's before this Compet nuke hit us.

The game simply can't run on player deposits, it needs investors to survive. If that wasn't true MA wouldn't keep trying to sell us stuff. So for those attacking the investors, try and enjoy your entertainment without us. I'm approaching one month without deposit, and the ball in 100% in MA's court right now, to if that situation continues. Now multiply that up by 100+ investors. Now throw in withdraws without investor deposits.

The TT zero sum game often spouted to make some feel all cuddly and warm that the game is fine, doesn't take into account years of TT in peoples inventories that can be withdrawn. Was it £110m?, I can't be bothered to refer to the accounts, I'm just making a point that investors are critical to the future of this game.


Rick
 
 
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to sum it all up:

MA builds up a massive distrust into all their promises and future "investments".
such a massive distrust, that MA now can actually *count* the distrust by the number of unsold deeds.
after all, so many AMD remained in the shelf, that MA could re-use tenth of thousands of unsold deeds to throw them at ComPet deed holders.
which MA had not done, if they had not already charged them off.

this distrust in recoverability of their future investments is poison for MAs business concept.

if i were MA, i would rebuild my customer's trust, faith, confidence BY ALL MEANS, vulgo by keeping at least *some* promises, or by fixing the bugged product.
but what do i know? i only do lead a sustainable company...
 
RickEngland said:
...to be torn down by some of the community for their trust in MA?
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No no, you got it all wrong Rick. You think your trust in somebody is a currency? You pay them trust, they pay you in goods and services?
Well, there's grain of truth in this. You're a useful tool... until you're not. Regardless, in the big picture, you're still responsible for your own decisions. If you gave up your freedom to decide and let someone else do it for you, this is a decision too.

The ComPets project had 1 in 1000 chance to break through. They were too late, market was already over-saturated, they had no original idea and no resources to push it through with raw power. Thus, 1:1000 probability to succeed. Not zero, it's never zero in the real world... but 1:1000 is beyond "high risk investment", this is more like death wish.

OK, so you didn't trust your own ability to figure out the odds, so you decided to gamble. Because that's what it is. Just pick one side at random and hope they made the right bet.

Well, fair enough, but then you also have to admit this was a decision you made. It was you, not MA who made that decision and not the opposite one. You can't now shy away from all responsibility and put it ALL on MA.

Remember, if nobody would have invested in that project, it would never even started. And consequently, we wouldn't be in this situation today. That's how important our decisions are in those situations. Pretty freakin' important I would say.
 
Fifth said:
.....
OK, so you didn't trust your own ability to figure out the odds, so you decided to gamble. Because that's what it is. Just pick one side at random and hope they made the right bet.

Well, fair enough, but then you also have to admit this was a decision you made. It was you, not MA who made that decision and not the opposite one. You can't now shy away from all responsibility and put it ALL on MA.

Remember, if nobody would have invested in that project, it would never even started. And consequently, we wouldn't be in this situation today. That's how important our decisions are in those situations. Pretty freakin' important I would say.
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My own balancing of the EU situation was that the RCE idea is was/is a good enough concept not taken up by others that even slipping downwards would not cause EU/MA to fail (any time soon - back then). That is why I bought some CLDs.
My balancing on Compet was indeed that it would be unlikely to succeed, in that the idea simply wasn't enough to overcome the obvious failings which long-term players have seen from the company, when in a more competitive market. That is why I just bought a few deeds, knowing full well what my assessment was.

It doesn't mean people shouldn't complain about things having gone very wrong, but as others have pointed out, it was hardly a surprise. That is what reputation is all about - and how it may influence trust and confidence over time ...
 
Fifth said:
Well, fair enough, but then you also have to admit this was a decision you made.
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Mindark pushed investment "idea" to it's playerbase. Many, still living with blindfolds, ate it up. They never though beyond the actual statement.

It's like a ponzi scheme. Any person who can think clearly and see beyond the promises, will skip on that "investment" opportunity and will try to warn others.

The point being in this case, or any other Mindarks "investment" case, is not 1 in 1000 chance, but the fact, that they deliberately come out with these 1 of 1000 chance ideas, that never work out and only ones 100% profiting from this idea, is them, top of the pyramid.
 
Just curious How much are the moon deeds paying out?
 
Rick and others who lost on Compet deeds...it sucks and I do feel bad for you guys,but let's not forget that every little thing you buy in here it's a virtual asset,that can evaporate tomorrow or when ever MA shuts down the servers...you eighter live with that,or stop logging in.
And like Atrax said,speak to any investor and they will tell you that it's better to cut your loses and THE MOST IMPORTANT thing about investing....NEVER invest money you can't afford to lose!
 
Fifth said:
Remember, if nobody would have invested in that project, it would never even started. And consequently, we wouldn't be in this situation today. That's how important our decisions are in those situations. Pretty freakin' important I would say.
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Hi Fifth;

ok I'll tell you why I stuck with it, even though it wasn't looking good.

Those deeds were sold on the back of a delivery scope, even vaguely delivery timescales as well. So it was always in the back of my mind, that it didn't matter how long Ma took, they were committed to the 'scope" they agreed for the money taken. Then if they ever walked away from the project, they had no option "legally" but to reimburse the deed holders in full. Hence why regardless what some think, MA had to offer compensation, if they failed to deliver the scope they sold.

So in many ways holding the deeds, had a backstop (i.e. protection).

My mistake was two fold. Firstly, I never assumed MA would use the market collapse for Compet deeds to base their compensation (because that was a low blow, and well off my radar). Compet is still open but it will close once the deed swap is complete, it's called "positioning". At the moment Compet is nicely worded as suspended to limit MA's exposure waiting for Compet deeds to be swapped for Ark Moon deeds.

Secondly believing MA had taken steps with EU pets, ready to have those connections with Compet (as promised). Which is a fair assumption as they reduced the size of old school pets to make them the same. And have often changed the size 'gradually' of other EU pets to bring them in line with what they're working too behind the scenes for EU pets. So something was in the pipe line for EU pets, and it had to be for Compet.

So basically I felt protected (like many other compet deed holders, I'd assume). The reality is Ma are very slippery characters, and I should've know better to trust them. Hey-Ho. It's just going to take a ton of time to bounce back.

My issue is the time I invested in both EU pets and compet pets, the money is another matter. I just want to get this deed swap done, and move on.

edit: It's a case of having to take the Ark deeds, rather than wanting too. At the moment I feel I'm walking from one disaster to another. Although Ma have us by the balls, unless anyone is brave enough to hold their compet until the December date expires and hope for a better outcome....although that comes with many more risks.


Rick
 
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RickEngland said:
.
My issue is the time I invested in both EU pets and compet pets, the money is another matter. I just want to get this deed swap done, and move on.

edit: It's a case of having to take the Ark deeds, rather than wanting too. At the moment I feel I'm walking from one disaster to another. Although Ma have us by the balls, unless anyone is brave enough to hold their compet until the December date expires and hope for a better outcome....although that comes with many more risks.
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I feel with you Rick. As the most dedicated PET tamer, and full of dreams about compet and its expected link to compet, this really hurts you badly.

For the Moon Deeds the future doesn´t look that bad as it did for Compet.

To increase the revenue of the deeds there is not much needed.
A new unique mob, or new mining resource used in a new BP comparable to ArkSeries weapons, and people will go there.
Its also possible to install a new wave spawn, or daily mission there.

For this improvements Ark Team and MA does not need new coding. Everything they need already exists. It just matters if they want to do it.
Its in their own interest to add some content to the moon, just to increase their own income.

Imho, the deeds will turn out to be as good as the Underground deeds, in the long run. Speak around 1-2 pec / day.
I know thats way to low to cover your losses in acceptable timeframe, but if revenue goes there, the deeds will gain a little value, too. Comparing it with AUDs it will settle somewhere between 65-80 PEDs.

Maybe the Ark Team surprise us with something really good at the moon, and revenue grows bigger than Underground deeds, who knows. Then the deeds will become even more value.

Don´t give up.
There is still hope that you may recover your actual loss over time.
 
GoNi said:
Don´t give up.
There is still hope that you may recover your actual loss over time.
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at the theoretical price of 400% per moon deed this will be tough...

maybe buy more moondeeds to lower your cost average and increase your revenue per ped invested?
 
theProphet said:
at the theoretical price of 400% per moon deed this will be tough...

maybe buy more moondeeds to lower your cost average and increase your revenue per ped invested?
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yeah, uh, hmm... try to fix you losses on buying deeds that gave back too little by spending more on other deeds... that have an unknown future return pattern... fool me once...

might be time to sell out and go hit a local casino.
 
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mastermesh said:
fool me once...
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don't get me wrong, i'm just stating it makes sense ... the mistake was buying those compet deeds initially!

if you have compet deeds for 100 AMD, basically buying them for 400%, and you buy another 100 AMD for their current price, you lower your cost average from 400% to 200%, while at the same time doubling your revenue (per ped invested).
 
GoNi said:
I feel with you Rick. As the most dedicated PET tamer, and full of dreams about compet and its expected link to compet, this really hurts you badly.

Don´t give up.
There is still hope that you may recover your actual loss over time.
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Thank you for your optimisim GoNi....smiles.

theProphet said:
at the theoretical price of 400% per moon deed this will be tough...

maybe buy more moondeeds to lower your cost average and increase your revenue per ped invested?
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mastermesh said:
... fool me once...

.
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Yeah.

It kinda feels like Ma saying to me. "Look Rick buy some more deeds, and we''ll arrange for Margot Robbie to come around your house and sit on your face". I'm not really in the mood, to believe it.

Look the ball is in MA's court, I'm still hanging around. That dream of running 10,000's of peds hunting on the back on Compet, is no more.

ps: If you don't know who Margot Robbie is.....then seriously. Wolf of Wall Street, Suicide squad, to name two films with amazing characters.


Rick
 
Wee bit off topic, but margot Robbie hated doing the character in Suicide Squad :D *maybe its a sign* :cool:
 
Rick: For what it's worth, I'd take the MA's offer. I believe that's your only option atm. Don't make it worse than it already is.
Just my opinion. GL either way. Seriously.
 
RickEngland said:
...and we''ll arrange for Margot Robbie to come around your house and sit on your face". I'm not really in the mood, to believe it.

Rick
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if you have to use an analog along those lines then I think this one expresses better who's gonna sit on your face

ele.gif


:laugh:
 
Bertha Bot said:
The upcoming release will place two different NPC:s on Planet Calypso which will handle the transfer, one in Port Atlantis Mall Teleporter and one in Twin Peaks. The NPC:s will be available until December.

Best regards,
Henrik Nel
CEO MindArk



Originally Posted Here
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What date is 'the upcoming release' going to be released? Haven't really logged in since this announcement came out. Are the npcs up yet?
 
mastermesh said:
What date is 'the upcoming release' going to be released? Haven't really logged in since this announcement came out. Are the npcs up yet?
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Maybe they add this 2 NPCs during extended maintainance at Tuesday.

Bertha Bot said:
On Tuesday 2018-09-25 at 08:00 UTC, the Entropia Universe servers will be taken offline for maintenance.
We estimate a downtime of 90 minutes.
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GeorgeSkywalker said:
We may now see some EU development, which is good.


Wonder what this means for stable owners?
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Ever the optimist George, i admire that about you :)

A for the stable owners I suspect MA will remove them from game instead of giving them the ingame functionality they promised years ago.

Yes, i'm ever the pessimist :)

EDIT: although i am amazed they actually give something to the compet deed holders, they didn't have to do it.
 
Ok so the Npc will be placed on Arkadia, Not Calypso.

That's more logical, since the deeds are Ark deeds after all. The thing that worries me, are the technical difficulties.
Placing an Npc is too difficult?

Dear valued Spawn,

Due to technical difficulties the NPC for ComPet trade will be placed at Arkadia Surface 3/1 (with global position of [29820, 10165, 99]) in the upcoming release 15.18.0. We are sorry for the inconvenience.

Best regards,
Henrik Nel
CEO MindArk

Ps. Because of all the good work you did for our game I will personally see to it that your next loot is something spectacular
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Spawn said:
Ok so the Npc will be placed on Arkadia, Not Calypso.
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It's never really hit me that since fake news and degrees of tongue-in-cheek fake news have gone bigtime, every day can now be April 1st. I guess April 1st is the new Feb 2nd ... ;)
 
so I lucked out since I remained on Ark instead of going to NI as I had planned? (not playing very much right now)

or is it the opposite cause now I have to wait FOR THEM TO RELEASE THE PATCH :rolleyes:
 
Seriously, why must everything be a project like no other and all the time reinventing the wheel!?
make a damn daily quest of it, turn in 5 compet deeds and get "rewarded" 2 moon deeds. easy as cake. So the players don't have to abort everything and travel to another world spending ped and what not!
If it were like the suggestion above anyone who wanted to could at their liking swing by the daily board and exchange deeds.

What am I missing here?!
 
Double post
 
Spawn said:
Ok so the Npc will be placed on Arkadia, Not Calypso.

That's more logical, since the deeds are Ark deeds after all. The thing that worries me, are the technical difficulties.
Placing an Npc is too difficult?
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Lol
......

Next up : please trade in 2 c.l.d. for 5 moon deeds at npc by boxes
 
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great idea to put the NPC on ark.. I would have put it on the moon actually.

Going to fly over to do the exchange after the update, i might even visit the moon and spend a few ped, see what i own part of now lol



Weird why MA would say there was a technical problem, that makes no sense at all
 
matthew said:
great idea to put the NPC on ark.. I would have put it on the moon actually.

Going to fly over to do the exchange after the update, i might even visit the moon and spend a few ped, see what i own part of now lol



Weird why MA would say there was a technical problem, that makes no sense at all
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I'm a little confused as the full text of the quoted post led me to believe it was a joke.

This is not in any way an arkadian issue, although no reason for MA not to put an NPC on every planet. We'll see, hopefully tonight.
 
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