muwhahaha think I may buy some Failcom stock for shits and giggles lol. Cant beat $0.36 ROFL
Or even better, all 150k players cough up an additional $15 this month and buy the company. (might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
muwhahaha think I may buy some Failcom stock for shits and giggles lol. Cant beat $0.36 ROFL
Or even better, all 150k players cough up an additional $15 this month and buy the company. (might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
Then again ask yourself, would you really want to have 150k players deciding what approach to go in next patch of the game? :P
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC) On my radar: TSW, MO MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside MMO's that I have tested: Lotro, L2, Aion, Ryzom
muwhahaha think I may buy some Failcom stock for shits and giggles lol. Cant beat $0.36 ROFL
Or even better, all 150k players cough up an additional $15 this month and buy the company. (might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
"Give players systems and tools instead of rails and rules"
muwhahaha think I may buy some Failcom stock for shits and giggles lol. Cant beat $0.36 ROFL
Or even better, all 150k players cough up an additional $15 this month and buy the company. (might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Wouldn't the price start going back up in a significatn number of people were buying?
muwhahaha think I may buy some Failcom stock for shits and giggles lol. Cant beat $0.36 ROFL
Or even better, all 150k players cough up an additional $15 this month and buy the company. (might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Wouldn't the price start going back up in a significatn number of people were buying?
If an investor went and bought say 5 million shares of Funcom now I would assume prices would go up. After all the stock prices varies a lot due to demand or lack of demand. A popular stock will be expensive due to many wants to buy it so the seller can rise the price. If the sale was just of those 5 millions tho that would probably rise the amount just a little, but if the stocks kept being sold you would see the stock increase a lot in value over the period it was sold.
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC) On my radar: TSW, MO MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside MMO's that I have tested: Lotro, L2, Aion, Ryzom
muwhahaha think I may buy some Failcom stock for shits and giggles lol. Cant beat $0.36 ROFL
Or even better, all 150k players cough up an additional $15 this month and buy the company. (might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Wouldn't the price start going back up in a significatn number of people were buying?
It will only go up if someone is willing to buy above 2.5 NOK. The problem here is that not many will sell for 2.5 NOK so eventually you would have to start buying at 2.8 - 3.0 NOK.
Anyway, this was just a thought experiment to see how realistic it would be for the player base to buy majority of the stocks.
"Give players systems and tools instead of rails and rules"
That is basically what I think is happening to the stock. When a person wants to buy a public company, they have to pay a premium over the current stock price. something like 10-30%. This is done because the board of directors knows that if the individual tried to buy the shares on the open market, the stock price would rise that much anyway. Nobody could walk in right now and buy Funcom for 2.50 NOK per share. They would probably have to offer 3.00 NOK per share.
Now here is where it gets fun. Lets say someone was interested in buying Funcom back when it was 3.50 NOK per share. That person buys some shares on the open market (like has happened), that person then get himself put on the board of directors (like has happened).. that person then waits patiently til the stock drops to 2.50 NOK per share (like has happened).. that person then makes an offer on all outstanding shares at 3.00 NOK and because he is now on the board of directors.... there isn't much debate or haggling. Thats how companies go from public to private
By the way, I did the math.. with aluminum can recycling prices in Cleveland, Ohio, it would take about 400,000,000 empty cans to buy funcom.
AmazingAveryAge of Conan AdvocateMemberUncommonPosts: 7,188
Originally posted by Azrile
That is basically what I think is happening to the stock. When a person wants to buy a public company, they have to pay a premium over the current stock price. something like 10-30%. This is done because the board of directors knows that if the individual tried to buy the shares on the open market, the stock price would rise that much anyway. Nobody could walk in right now and buy Funcom for 2.50 NOK per share. They would probably have to offer 3.00 NOK per share.
That goes against what happened with Midway, considering all the arm chair brokers here, no one has never got anything right.
My opinion is that the end is near. If you want to make that level 80 then do it fast because servers might shut down any day now
----------------------------- Originally posted by Frobner "Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Lol, stock is 2.40 at the moment. 6 months chart is looking quite bad. uk.finance.yahoo.com/q/bc My opinion is that the end is near. If you want to make that level 80 then do it fast because servers might shut down any day now
Good thing you ain't an expert at the area then
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC) On my radar: TSW, MO MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside MMO's that I have tested: Lotro, L2, Aion, Ryzom
So what is happening with the FC stock these days? In my opinion 4 things are happening: 1. There is little interest in the stock. 2. One or two large stockholders is selling down on the stock, and has been doing so for a good 6 months or so. 3. Point one and two combined is deflating the stock value. 4. As the Q3 report shows, the company has a decent cash flow and money on hand.
1) I guess you are correct, in general there is a low interest for stocks all over and this also effects Funcom. Most stock traders experience losses each day so this is not a problem that affects Funcom only.
2) Shortly after release you had 2 mayor stockholders selling out. one of them was FC employee who sold 5 millions or so of his shares, he kept the other 5 he had, but this sellout led to a lot of people also starting to sell as the stocks which already had started to loose money more or less dived in value after this. Not long ago you had another FC employee sell stocks at around 17NOK I think it was. The explanation was to cover taxes etc and knowing the norwegian tax system I have no doubt that was the actual reason.
3) 1 and 2 does have an affect on it, combined with funcom's Failure of success at launch and the general stock market being somewhat unstable these days people generally sits on the bench waiting for an rise before buying. You have investors that invest at the same pace still, but if I recall correcrt from norwegian newspapers a lot of the stockownes in Funcom at some time was not investors but private persons that bought stocks. And people buying stocks for their savings are not really buying much at all these days.
4) Q3 report indicates that there is no trouble for next year for Funcom, this gives them 1 year to bring aoc back into life. How 2010 looks nobody knows until it arrives really.
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC) On my radar: TSW, MO MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside MMO's that I have tested: Lotro, L2, Aion, Ryzom
So what is happening with the FC stock these days? In my opinion 4 things are happening: 1. There is little interest in the stock. 2. One or two large stockholders is selling down on the stock, and has been doing so for a good 6 months or so. 3. Point one and two combined is deflating the stock value. 4. As the Q3 report shows, the company has a decent cash flow and money on hand.
While that may account for it's recent decline it is still a fact that FC stock dropped from $10.95 USD on May 10th to $5.40 USD a share by July 10th. A period of 60 days after it's initial release. It took a sharp drop immediately following release which I would assume were speculators taking advantage of the high initial sales and copping a windfall profit then it's price held really steady from May 29 th @ $9.60 USD up to June 17th @ $9.40 USD.
Here is my theory, and mind you it only theory except for the numbers and dates which are hard facts. When it became obvious that even in light of the success of initial sales numbers people the retention was below industry averages. At the point where investors saw that subscriptions were not what was anticipated and they started dumping the shares as fast as they could before the stock dropped even lower. By September 10th , which is less than 4 months after the US release, it was down to $1.95 USD a share.
Although my business acumen lacks which is one of the reasons I dated and married a accounting major , I am quite a fan of trend analysis. Quite frankly all I see at the moment with AoC is a consistent downward trend and to me it is quite simple, lack of subscribers = lowering stock value. Like I said I am not a armchair stock analyst by any means. I am a techie who also happens to be a numbers geek. I have only the most basic knowledge of stocks which has came over many years of dinner table conversations with those who have more knowledge of such things.
However be that as it may it does not take a MBA to see that FC has not been a good place to have one's life savings in the last 6 months and I have a feeling that was a direct result on how the gaming world percieves the state of AoC.
So what is happening with the FC stock these days? In my opinion 4 things are happening: 1. There is little interest in the stock. 2. One or two large stockholders is selling down on the stock, and has been doing so for a good 6 months or so. 3. Point one and two combined is deflating the stock value. 4. As the Q3 report shows, the company has a decent cash flow and money on hand.
While that may account for it's recent decline it is still a fact that FC stock dropped from $10.95 USD on May 10th to $5.40 USD a share by July 10th. A period of 60 days after it's initial release. It took a sharp drop immediately following release which I would assume were speculators taking advantage of the high initial sales and copping a windfall profit then it's price held really steady from May 29 th @ $9.60 USD up to June 17th @ $9.40 USD.
Here is my theory, and mind you it only theory except for the numbers and dates which are hard facts. When it became obvious that even in light of the success of initial sales numbers people the retention was below industry averages. At the point where investors saw that subscriptions were not what was anticipated and they started dumping the shares as fast as they could before the stock dropped even lower. By September 10th , which is less than 4 months after the US release, it was down to $1.95 USD a share.
Although my business acumen lacks which is one of the reasons I dated and married a accounting major , I am quite a fan of trend analysis. Quite frankly all I see at the moment with AoC is a consistent downward trend and to me it is quite simple, lack of subscribers = lowering stock value. Like I said I am not a armchair stock analyst by any means. I am a techie who also happens to be a numbers geek. I have only the most basic knowledge of stocks which has came over many years of dinner table conversations with those who have more knowledge of such things.
However be that as it may it does not take a MBA to see that FC has not been a good place to have one's life savings in the last 6 months and I have a feeling that was a direct result on how the gaming world percieves the state of AoC.
Yeah, no doubt the initial drop was because AoC failed to live up to the insane hype that surrounded the launch. My assesment was only about the current situation for the stock.
Originally posted by Azrile That is basically what I think is happening to the stock. When a person wants to buy a public company, they have to pay a premium over the current stock price. something like 10-30%. This is done because the board of directors knows that if the individual tried to buy the shares on the open market, the stock price would rise that much anyway. Nobody could walk in right now and buy Funcom for 2.50 NOK per share. They would probably have to offer 3.00 NOK per share. Now here is where it gets fun. Lets say someone was interested in buying Funcom back when it was 3.50 NOK per share. That person buys some shares on the open market (like has happened), that person then get himself put on the board of directors (like has happened).. that person then waits patiently til the stock drops to 2.50 NOK per share (like has happened).. that person then makes an offer on all outstanding shares at 3.00 NOK and because he is now on the board of directors.... there isn't much debate or haggling. Thats how companies go from public to private By the way, I did the math.. with aluminum can recycling prices in Cleveland, Ohio, it would take about 400,000,000 empty cans to buy funcom.
notice how it's share price goes up nearly $20 month before release, then its value halves in the following 6 weeks after release day. hope the pic works, if not uk.finance.yahoo.com/q/bc the global market may be falling, but this company is doing way worse then average.
Yes the price increased at the same time the game started to be hyped. People wanted stocks in this glorious adventure, when I saw the stocks and how Funcom hyped the game you don't need to be a genious to understand the hype was done to create money so they could sell on profit. and a lot of people did, they knew there was money to be made. Buying at normal rate selling at 55NOK in big masses made the people interested in the stocks to wonder what do they know that we don't. people stopped buying more wanted to sell as it became clear the hype was nothing but air. Stock prices goes down the drain.
Funcom has lost what like 90% of the value on the stock, but the funny part is if you look at the Norwegian stock market overall, it was artificially high 6 months ago. I hear someone say they have lost as much as 70% of the values overall since then. And this isn't just Funcom, but the entire Norwegian stock market. So bu using the economic experts we have amongst the trolls here I guess we can say Norway is FUBAR. and will be bought up by Sweden any day now?
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC) On my radar: TSW, MO MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside MMO's that I have tested: Lotro, L2, Aion, Ryzom
That is basically what I think is happening to the stock. When a person wants to buy a public company, they have to pay a premium over the current stock price. something like 10-30%. This is done because the board of directors knows that if the individual tried to buy the shares on the open market, the stock price would rise that much anyway. Nobody could walk in right now and buy Funcom for 2.50 NOK per share. They would probably have to offer 3.00 NOK per share.
Now here is where it gets fun. Lets say someone was interested in buying Funcom back when it was 3.50 NOK per share. That person buys some shares on the open market (like has happened), that person then get himself put on the board of directors (like has happened).. that person then waits patiently til the stock drops to 2.50 NOK per share (like has happened).. that person then makes an offer on all outstanding shares at 3.00 NOK and because he is now on the board of directors.... there isn't much debate or haggling. Thats how companies go from public to private
By the way, I did the math.. with aluminum can recycling prices in Cleveland, Ohio, it would take about 400,000,000 empty cans to buy funcom.
Next week it will only cost 300,000,000 cans.
The principals still own a controlling interest in Funcom and they're not selling. You can keep your cans it can't be bought that way. So much for your understanding of the stock market.
Your skill in humor has decreased by 1 point. I was clearly joking when I said you can buy funcom by recycling aluminum cans. But it is the truth... In my city, if I had 400M cans, I could trade them in and get enough money to buy all the outstanding shares of Funcom. Recycling cans is how I used to buy baseball cards when I was a 8
A share of Funcom stock currently costs 37cents (US). 10 aluminum cans will get you 1cent. Therefore.. every 370 aluminum cans = 1 share of funcom
... A share of Funcom stock currently costs 37cents (US). 10 aluminum cans will get you 1cent. Therefore.. every 370 aluminum cans = 1 share of funcom Go green, buy funcom
In South Australia all cans and plastic bottles have a 5c return value. (Written on can - so you must buy the can here)
So, you could buy your cans here, ship them to your house, drink them, ship them back and get the money.
Of course you would have to factor in the shipping costs.
Originally posted by Gyrus Originally posted by Azrile ... A share of Funcom stock currently costs 37cents (US). 10 aluminum cans will get you 1cent. Therefore.. every 370 aluminum cans = 1 share of funcom Go green, buy funcom
In South Australia all cans and plastic bottles have a 5c return value. (Written on can - so you must buy the can here) So, you could buy your cans here, ship them to your house, drink them, ship them back and get the money.
Of course you would have to factor in the shipping costs.
This might make the task easier? Could you run the numbers and let me know? Thanks.
Im not sure if this is how it works where you live but when I lived in Columbia Mo. (home of the univ of Mo. which is a very big party town) To cut back on the litter of cans, they put a 5c return on all cans and bottles. The problem is that they also made you "buy" the cans in the store that they called a 5c deposit. So the cans really werent worth 5c each unless you didnt pay the initial deposit. But I like they way youre thinkin!
Im not sure if this is how it works where you live but when I lived in Columbia Mo. (home of the univ of Mo. which is a very big party town) To cut back on the litter of cans, they put a 5c return on all cans and bottles. The problem is that they also made you "buy" the cans in the store that they called a 5c deposit. So the cans really werent worth 5c each unless you didnt pay the initial deposit. But I like they way youre thinkin!
Thats true only if you are the one buying the original can. Most people do not bother collecting and/or returning cans. So if you have a lot of free time on your hands and want free money, you can wonder around collecting discarded cans and cashing them in. Pure profit. Small, but still a profit.
Comments
Or even better, all 150k players cough up an additional $15 this month and buy the company.
(might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
Or even better, all 150k players cough up an additional $15 this month and buy the company.
(might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
Then again ask yourself, would you really want to have 150k players deciding what approach to go in next patch of the game? :P
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC)
On my radar: TSW, MO
MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside
MMO's that I have tested: Lotro, L2, Aion, Ryzom
Or even better, all 150k players cough up an additional $15 this month and buy the company.
(might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Or even better, all 150k players cough up an additional $15 this month and buy the company.
(might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Wouldn't the price start going back up in a significatn number of people were buying?
Or even better, all 150k players cough up an additional $15 this month and buy the company.
(might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Wouldn't the price start going back up in a significatn number of people were buying?
If an investor went and bought say 5 million shares of Funcom now I would assume prices would go up. After all the stock prices varies a lot due to demand or lack of demand. A popular stock will be expensive due to many wants to buy it so the seller can rise the price. If the sale was just of those 5 millions tho that would probably rise the amount just a little, but if the stocks kept being sold you would see the stock increase a lot in value over the period it was sold.
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC)
On my radar: TSW, MO
MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside
MMO's that I have tested: Lotro, L2, Aion, Ryzom
Or even better, all 150k players cough up an additional $15 this month and buy the company.
(might need a bit more, so repeat it for the next 3 or so months).
That's one way a playerbase could get a company by the balls lol. On a side note, it would take around 9 months for 150k people to rase up the 20+million needed (saving 15$ each a month). It could be done though, lolol.
According to Fridays financial data:
Closely Held Shares: 13,594,900
Outstanding shares: 41,914,000 x $0.35 (2.5 NOK) = $14,669,900 / 150,000 = $97,73 per subscriber.
The slogan should be: "Don't buy 2 new games this x-mas, buy a game company!"
Too bad that realistically you would never get all these shares for 2.5 NOK.
Wouldn't the price start going back up in a significatn number of people were buying?
It will only go up if someone is willing to buy above 2.5 NOK. The problem here is that not many will sell for 2.5 NOK so eventually you would have to start buying at 2.8 - 3.0 NOK.
Anyway, this was just a thought experiment to see how realistic it would be for the player base to buy majority of the stocks.
That is basically what I think is happening to the stock. When a person wants to buy a public company, they have to pay a premium over the current stock price. something like 10-30%. This is done because the board of directors knows that if the individual tried to buy the shares on the open market, the stock price would rise that much anyway. Nobody could walk in right now and buy Funcom for 2.50 NOK per share. They would probably have to offer 3.00 NOK per share.
Now here is where it gets fun. Lets say someone was interested in buying Funcom back when it was 3.50 NOK per share. That person buys some shares on the open market (like has happened), that person then get himself put on the board of directors (like has happened).. that person then waits patiently til the stock drops to 2.50 NOK per share (like has happened).. that person then makes an offer on all outstanding shares at 3.00 NOK and because he is now on the board of directors.... there isn't much debate or haggling. Thats how companies go from public to private
By the way, I did the math.. with aluminum can recycling prices in Cleveland, Ohio, it would take about 400,000,000 empty cans to buy funcom.
That goes against what happened with Midway, considering all the arm chair brokers here, no one has never got anything right.
Lol, stock is 2.40 at the moment.
6 months chart is looking quite bad. uk.finance.yahoo.com/q/bc
My opinion is that the end is near. If you want to make that level 80 then do it fast because servers might shut down any day now
-----------------------------
Originally posted by Frobner
"Massive sieges" "mounted combat" and "spellweaving" are just few words that spring to mind when I hear the word AOC.... But the word FAILURE will always top the list.
Good thing you ain't an expert at the area then
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC)
On my radar: TSW, MO
MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside
MMO's that I have tested: Lotro, L2, Aion, Ryzom
So what is happening with the FC stock these days? In my opinion 4 things are happening:
1. There is little interest in the stock.
2. One or two large stockholders is selling down on the stock, and has been doing so for a good 6 months or so.
3. Point one and two combined is deflating the stock value.
4. As the Q3 report shows, the company has a decent cash flow and money on hand.
1) I guess you are correct, in general there is a low interest for stocks all over and this also effects Funcom. Most stock traders experience losses each day so this is not a problem that affects Funcom only.
2) Shortly after release you had 2 mayor stockholders selling out. one of them was FC employee who sold 5 millions or so of his shares, he kept the other 5 he had, but this sellout led to a lot of people also starting to sell as the stocks which already had started to loose money more or less dived in value after this. Not long ago you had another FC employee sell stocks at around 17NOK I think it was. The explanation was to cover taxes etc and knowing the norwegian tax system I have no doubt that was the actual reason.
3) 1 and 2 does have an affect on it, combined with funcom's Failure of success at launch and the general stock market being somewhat unstable these days people generally sits on the bench waiting for an rise before buying. You have investors that invest at the same pace still, but if I recall correcrt from norwegian newspapers a lot of the stockownes in Funcom at some time was not investors but private persons that bought stocks. And people buying stocks for their savings are not really buying much at all these days.
4) Q3 report indicates that there is no trouble for next year for Funcom, this gives them 1 year to bring aoc back into life. How 2010 looks nobody knows until it arrives really.
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC)
On my radar: TSW, MO
MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside
MMO's that I have tested: Lotro, L2, Aion, Ryzom
While that may account for it's recent decline it is still a fact that FC stock dropped from $10.95 USD on May 10th to $5.40 USD a share by July 10th. A period of 60 days after it's initial release. It took a sharp drop immediately following release which I would assume were speculators taking advantage of the high initial sales and copping a windfall profit then it's price held really steady from May 29 th @ $9.60 USD up to June 17th @ $9.40 USD.
Here is my theory, and mind you it only theory except for the numbers and dates which are hard facts. When it became obvious that even in light of the success of initial sales numbers people the retention was below industry averages. At the point where investors saw that subscriptions were not what was anticipated and they started dumping the shares as fast as they could before the stock dropped even lower. By September 10th , which is less than 4 months after the US release, it was down to $1.95 USD a share.
Although my business acumen lacks which is one of the reasons I dated and married a accounting major
, I am quite a fan of trend analysis. Quite frankly all I see at the moment with AoC is a consistent downward trend and to me it is quite simple, lack of subscribers = lowering stock value. Like I said I am not a armchair stock analyst by any means. I am a techie who also happens to be a numbers geek. I have only the most basic knowledge of stocks which has came over many years of dinner table conversations with those who have more knowledge of such things.
However be that as it may it does not take a MBA to see that FC has not been a good place to have one's life savings in the last 6 months and I have a feeling that was a direct result on how the gaming world percieves the state of AoC.
I miss DAoC
While that may account for it's recent decline it is still a fact that FC stock dropped from $10.95 USD on May 10th to $5.40 USD a share by July 10th. A period of 60 days after it's initial release. It took a sharp drop immediately following release which I would assume were speculators taking advantage of the high initial sales and copping a windfall profit then it's price held really steady from May 29 th @ $9.60 USD up to June 17th @ $9.40 USD.
Here is my theory, and mind you it only theory except for the numbers and dates which are hard facts. When it became obvious that even in light of the success of initial sales numbers people the retention was below industry averages. At the point where investors saw that subscriptions were not what was anticipated and they started dumping the shares as fast as they could before the stock dropped even lower. By September 10th , which is less than 4 months after the US release, it was down to $1.95 USD a share.
Although my business acumen lacks which is one of the reasons I dated and married a accounting major
, I am quite a fan of trend analysis. Quite frankly all I see at the moment with AoC is a consistent downward trend and to me it is quite simple, lack of subscribers = lowering stock value. Like I said I am not a armchair stock analyst by any means. I am a techie who also happens to be a numbers geek. I have only the most basic knowledge of stocks which has came over many years of dinner table conversations with those who have more knowledge of such things.
However be that as it may it does not take a MBA to see that FC has not been a good place to have one's life savings in the last 6 months and I have a feeling that was a direct result on how the gaming world percieves the state of AoC.
Yeah, no doubt the initial drop was because AoC failed to live up to the insane hype that surrounded the launch. My assesment was only about the current situation for the stock.
Next week it will only cost 300,000,000 cans.
notice how it's share price goes up nearly $20 month before release, then its value halves in the following 6 weeks after release day.
hope the pic works, if not uk.finance.yahoo.com/q/bc
the global market may be falling, but this company is doing way worse then average.
i really hope they didnt pay any of their staff with stock options, that would be so .......... if they did hope they sold pre-release, lol.
Yes the price increased at the same time the game started to be hyped. People wanted stocks in this glorious adventure, when I saw the stocks and how Funcom hyped the game you don't need to be a genious to understand the hype was done to create money so they could sell on profit. and a lot of people did, they knew there was money to be made. Buying at normal rate selling at 55NOK in big masses made the people interested in the stocks to wonder what do they know that we don't. people stopped buying more wanted to sell as it became clear the hype was nothing but air. Stock prices goes down the drain.
Funcom has lost what like 90% of the value on the stock, but the funny part is if you look at the Norwegian stock market overall, it was artificially high 6 months ago. I hear someone say they have lost as much as 70% of the values overall since then. And this isn't just Funcom, but the entire Norwegian stock market. So bu using the economic experts we have amongst the trolls here I guess we can say Norway is FUBAR. and will be bought up by Sweden any day now?
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC)
On my radar: TSW, MO
MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside
MMO's that I have tested: Lotro, L2, Aion, Ryzom
Next week it will only cost 300,000,000 cans.
The principals still own a controlling interest in Funcom and they're not selling. You can keep your cans it can't be bought that way. So much for your understanding of the stock market.
Your skill in humor has decreased by 1 point. I was clearly joking when I said you can buy funcom by recycling aluminum cans. But it is the truth... In my city, if I had 400M cans, I could trade them in and get enough money to buy all the outstanding shares of Funcom. Recycling cans is how I used to buy baseball cards when I was a 8
A share of Funcom stock currently costs 37cents (US). 10 aluminum cans will get you 1cent. Therefore.. every 370 aluminum cans = 1 share of funcom
Go green, buy funcom
In South Australia all cans and plastic bottles have a 5c return value. (Written on can - so you must buy the can here)
So, you could buy your cans here, ship them to your house, drink them, ship them back and get the money.
Of course you would have to factor in the shipping costs.
This might make the task easier?
Could you run the numbers and let me know?
Thanks.
Nothing says irony like spelling ideot wrong.
Have you done those calculations yet?
...
I'm waiting.
Nothing says irony like spelling ideot wrong.
In South Australia all cans and plastic bottles have a 5c return value. (Written on can - so you must buy the can here)
So, you could buy your cans here, ship them to your house, drink them, ship them back and get the money.
Of course you would have to factor in the shipping costs.
This might make the task easier?
Could you run the numbers and let me know?
Thanks.
Im not sure if this is how it works where you live but when I lived in Columbia Mo. (home of the univ of Mo. which is a very big party town) To cut back on the litter of cans, they put a 5c return on all cans and bottles. The problem is that they also made you "buy" the cans in the store that they called a 5c deposit. So the cans really werent worth 5c each unless you didnt pay the initial deposit. But I like they way youre thinkin!
I can see it now on the next Scouts Bottle Drive Day:
Scout> Do you have any bottles for return Sir?
Homeowner > Hmmm okay... what are you collecting for this year?
Scout> We're collecting to buy FUNCOM!
Nothing says irony like spelling ideot wrong.
Thats true only if you are the one buying the original can. Most people do not bother collecting and/or returning cans. So if you have a lot of free time on your hands and want free money, you can wonder around collecting discarded cans and cashing them in. Pure profit. Small, but still a profit.
I am the type of player where I like to do everything and anything from time to time.
http://en.wikipedia.org/wiki/Holodomor - pre-WW2 genocide.