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Funcom CEO did not sell 18.7% of his shares.
Litigator_AB
Member Posts: 311
CEO Trond Aas sold 18.7% of his shares and options.
Thus, Mr. Trond Aas really sold 25.2% of his shares. (400,000 of 1,587,825)
Nice slight of hand there Funcom to offset what a massive dump this was.
Lit
Comments
Par for the course, it's starting to look like they have Karl Rove writting their Spin.
Fail greatly, godpuppet does.
._.
Fail
If he would have had any sense he would have sold it all.
If he would have had any sense he would have sold it all.
Given the right management the game could be salvaged. If they don't do something with melee combat the PvP will be worthless. I agree though, should have gotten rid of most of it.
Given the right management, resources and patience, I suppose the Titanic could be salvaged, repaired and refitted as well. It just needs a new hull, new superstructure, new propulsion, new interior, new this, new that. . . . . . . . . But then again, it didn't crash half as hard as Age of Conman did.
Given the right management, resources and patience, I suppose the Titanic could be salvaged, repaired and refitted as well. It just needs a new hull, new superstructure, new propulsion, new interior, new this, new that. . . . . . . . . But then again, it didn't crash half as hard as Age of Conman did.
Heheh, QFT.
Well done OP, very well done.
MAGA
Given the right management, resources and patience, I suppose the Titanic could be salvaged, repaired and refitted as well. It just needs a new hull, new superstructure, new propulsion, new interior, new this, new that. . . . . . . . . But then again, it didn't crash half as hard as Age of Conman did.
This actually made me laugh. Nice read for a friday afternoon at work.
Wow, that was really deceptive.
As far as the options thing. The options for this company aren't worth the paper they are written on because the stock is so low right now. For instance.. back when the stock was at 50, they probably gave employees compensation in the form of stock options. The options might give the employee the 'right' to buy stock at $45 dollars a share with a 6 month expiration. So that means, any time within those 6 months, the employee could have bought the stock for $45 dollars a share.
This is how secretaries at google became millionaires. They had options to buy google stock at $50 so when the stock went to $500.. they simply bought at 50, sold at 500 and made a huge profit. It's the same reason that microsoft made a million millionaires in the early 90's. ( janitors and secretarys included).
In AoC case.... their poor employees are sitting on options to buy the stock at $45... which is worthless since ANYONE can buy the stock for $14. There is usually a set time limit on the options (30 days to 2 years) and after that time they simply expire and really are worthless.
Companies like AOC without a lot of cash to pay employees tend to offer stock options as a substitute. This is a huge morale issue when the stock plummets well below the option strike price because that part of your salary is now worthless.
When a company makes up for a very low salary with ' substantial stock options'... it is really a huge gamble.
Thanks for the stock education, Azrile and Lit.