Mandatory notification of trade
Mandatory notification of trade
Arminius AS, has on 15 August sold 400,000 shares in Funcom N.V. at NOK 17.2824 per share. Arminius AS, is wholly owned by Mr. Trond Aas, the CEO and Managing Director of Funcom N.V. Arminius AS sells the shares in Funcom primarily to cover Mr. Aas’ acquisition costs of the shares as well as accumulated wealth tax costs of the past six years as a result of the holdings in Funcom. Mr. Aas and Arminius AS have over the course of those 6 years not sold any shares in the Company. The sale represents 18,7% of his outstanding shares and exercisable options.
After the transaction, Arminius AS and Mr. Aas own a total of 1.187.825 shares, corresponding to 2.25% of the outstanding shares in the company and 552.500 options in Funcom. Mr. Aas and Arminius do not plan further share sales over the coming 12 months, except potentially to cover tax costs related to options exercised during that period.
For Further Information, please contact;
Olav Sandnes
CFO Funcom
Telephone: +4792225540
Email: olav.sandnes@funcom.com
________
Comments
I thought the Captain was supposed to go down with the ship?
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Apparently only 81.3% will.
Edit: 81.3% of 0 is what exactly?
Just saw this on the official forum.
Well, well, well.
Yeah, it's on the official forums now -
forums.ageofconan.com/showthread.php
*Edit*
Lit, perhaps you could hit up the official forums and throw some feedback into that thread
The asnwer depndes on whether you use real world math or FC PR machine math or FC DEv math.
Fungerer som det skal
Over/under on how long it lasts?
Over/under on how many people Lufkin insults before locking it down while insulting the player base and claiming he has the largest known penis in the world?
Fungerer som det skal
It hasn't been locked, but they moved it to Off Topic lol
Okie, Why did Olav Sandnes not sell his shares a few month ago when they were almost 3x times as valuable when they launch there newest product.
But his management disgusts me. I have never seen a CEO work so hard to sell as many shares as possible this quickly after a financials report. And why sell sooo much??
I no longer have an AoC account so I can no longer post there.
Feel free to copy and paste anything I post here there.
Lit
ahahahahah XD
CEO bails on Failcom!
lol
this news....*sniff* brings a happy tear to my eye.....that CEO is one smart man lol.
We all seen this coming and there is probably more yet to come as well.
Well, Mythic´s battlecruiser is about to set sail and Blizzards dreadnought is almost complete. You cant go to war with a broken rowboat. Its better to try salvage what you can before it sink.
Spoils of War - The quickest way of ending a war is to lose it.
Not a bad move.
This whole situation is sad....
You can tell which developers like making games despite huge revenue and who just wants the revenue.
Whats funny is, if you love what you do, and are passionate about it, the money comes. Its amazing, without even looking for it, it'll find you.
If all you do is look for ways to make as much money with the least amount of effort, it won't go well for you in the long run.
At least when it comes to making a game it would seem.
"The public is wonderfully tolerant. It forgives everything except genius."
-Oscar Wilde
My favorite part
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Wow...who has the LARGEST numbers today on the markets!
I'd love to hear FC's PR machine spin this one.
I hope Anarchy Online lives threw this, even though I'll probably never give FunCom another red cent, AO will always be my 1st true love.
I know how you feel my friend. And I was so looking forward to the graphics overhaul.
Oh well, hopefully they will release the server tools as open source so the community can run AO servers once Funcom is sunk.
wow i thought it was going to take a year before Funcom went under , thankfully it will be less then 6 months !!!
Actually, there could be a numbe of reasons for the drop. One could be exactly what they claimed. Honestly, this isn't necessarily an indication that they are bailing out on anything. He sold "not even" 20% of his stocks meanwhile keeping a little over 80% of the stocks in Funcom.
To me, based upon experience, that doesn't really tell you anything other than he did what other CEOs do all the time. I believe that real lawyers, without a doubt, know this.
splat
Yes, but the coincidence in all this is that he did it at the exact moment the Q2 financial report came out!
AKA he knew the stocks would drop. Ofcourse he couldn't sell more, because then it would have been too obvious of a bail-out and you would have gotten the same riot as with World Online back in 2000.
Let's let the cat out of the bag shall we?
If Funcom doesn't announce cancellation of the Xbox 360 AoC version within the next month or two and stocks are at their lows they are, BUY Funcom stocks. The stocks are going to go through the roof the closer you get to the Xbox360 launch. At which time, soon after launch, when the hype machine is in full gear you'll want to SELL those stocks.
You might actually want to buy the stocks now because the cat will get out of the bag sooner rather than later.
splat
All hands abandon ship!!
A colleage of mine already did that. He had stocks in Funcom for a long time. Sold them after launch and bought them back after they fell to all time low.
Who knows maybe this means it's possible AOC may get sold , which would be good for everyone IMO.
For every minute you are angry , you lose 60 seconds of happiness."-Emerson
The last time they talked about the X360 version they said Q4 2009. Don't count on this to raise the stock price