1Q 09 update from Olev Sandnes, Funcom CFO. And yes, the results are not good.

finaticd · February 2009

Originally posted by Crashloop

Originally posted by finaticd

Originally posted by George41

So let me get this straight. A few months ago Funcom said their income was going to decrease by 50%... and now they are saying it will be even less than that?

Funcom Officially lost half their subscribers within the first 3 months, Funcom unofficially lost 3 out of 4 subscribers in the following three months, which 2 sources back, both the financial statements and X fire.

Well done Sherlock! you just stated something everyone knows

Funcom says they are going to lose half of the revenue in the next quarter...the one coming up........and a lot of that is from 6 month subs,

Where do they say they will loose 50% of the revenue in the next quarter? You might have some information I don't have aparantly so please share.

So now Funcom is expected to have less revenue than projected......can anyone demonstrate how there can be more than 70k subs atm? because in game is dead, even after the merger....and I mean DEAD, the forums are DEAD....the popularity of this game on other game forums DIED. There are people all over in other games, usually MMOs, saying AoC sucks.

There are people in WAR saying WoW and AOC sucks, there are people in WoW saying WAR and AOC sucks, no matter where you look in other MMO's there will be people saying another game sucks. In CS:S you will find people saying BF2 sucks, this doesn't make those games bad, it just shows some people still think enough about the game to actively try and push those games as bad.

SHOW ME SOME LOGICAL EXPLAINATION THAT MORE THAN 75k players SUB!!!!!!!!!! Even after mergers I know from loging in that there are ferer than 20 % of the players that I saw at release on the merged servers and there are fewer merged servers................then factor in the are only 1 or 2 instances now..........OMG there were 7-8 on Doomslayer..........so ya few people play today, so why sub when you don't play?

You wouldn't be able to tell logic if it jumped up and hit you in the face twice. The calculations of OP is by far some of the more proper calculations, 100% exact they won't be, but they are atleast based on something else then nice numbers on a graph.

Everyone knows that super casuals are the only market...but they don't play so why would they pay for subs???

Lol I love how you always try so hard finding things you can take them on. It's funny to watch.

Outlook

· Based on the development of key factors after

launch and in Q308 specifically, revenues are

expected to be between TUSD 8.000 and 10.000 in

Q408. The dominating revenue stream will be

subscription revenues from Age of Conan. The

Company has initiated cost reduction initiatives to

adjust the cost base to better reflect the anticipated

revenue levels from its major games. No major

restructuring costs are expected due to these cost

reduction initiatives.

-Source: Q3 08 Financial Report

Revenue was 18 mil in Q3.

-----------------------------------------\

Guidance, Q4 2008

•

Revenues in Q4 2008 are expected to be between TUSD 8.000 and TUSD 10.000.

•

Will depend on the key success factors; customer acquisition and retention rate

_ Looking over it you are right, they implied they are not keeping subscribers long enough but if some one purchased a 6 month sub in May - June, after the 30 day free trial that would take them into December....then poof.....also, Funcom stated that they has trouble keeping subs long, so unless a divine turn around happened, one that I would laugh at after playing the game recently, some of the 6 month subs left, probably most IMO...keeping with Funcom's stated trends.

_______________

There is a difrence between sucking and dead...........I have played dead games..I was trying to get the achievements from multiplayer Prey anbd over one weekend...I ran into the same people over and over.

AoC is that dead...as playing you will see the same few people over and over, even in this suposed instanced game. IS a BIG DIFFRENCE.

VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV

You disagree with super casuals being the nich market???????????? The myriad of testimonials that, for a lack of a beter word, ADVERTISE, this game posted in various forums go like this:

I just started playing and love the game, it is great OR I just came back and they changed so so so uch it is fun now. Very ambigious. Gamers and hard cores tend to desire content, such as dungeans, bosses, PvP fufillment.........AoC has tacked on some of that but not nearly enogh.........the only serious players left seem to be Alt'O Holicks who reroll to 80 over and over.

Zorvan · February 2009

Originally posted by Crashloop

Originally posted by finaticd

Everyone knows that super casuals are the only market...but they don't play so why would they pay for subs???
Lol I love how you always try so hard finding things you can take them on. It's funny to watch.

Well, let's give some credit here, Crash. "Super-casual" players ARE the only real way AoC is even managing to stay afloat.

You have an almost entirely linear game with limited ( yes, even after the updates and added content they've plopped in ) content. Most average to 'hardcore" mmo players aren't keen on re-rolliing characters everytime they hit endgame just to have something to do. And the only real endgame is PvP and even that gets boring for all but thhe very hardcore after a short while with nothing else to do, which is hardly a large set of players.

so the people who only play a few hours a week are the only ones with a reason to pay for an extended period, since they won't hit endgame in under a month. That part finaticd had wrong, as the "super-casuals" are the only ones with a real reason to keep paying to play for extended lengths of time.

finaticd · February 2009

Originally posted by Zorvan

That part finaticd had wrong, as the "super-casuals" are the only ones with a real reason to keep paying to play for extended lengths of time.

No, I know only super casuals play this but proposed the question as to why they would endure subs, didn't you see the question mark at the end? ;p Everyone knows the true hard core PvPers and Raiders bounced...they are the leaders, first in and first out when it looks bad.

Sorry FC, they will never return again....and atm they are commiting blasphemy against Age of Conan all over the gaming world.

After 10 years of MMOing I never noticed this super casual market, until now - we never really had anything much in common and I don't PuG.

Aceundor · February 2009

For the non financial souls out there, please keep following in mind.

1) If this leak is correct then Funcom will receive a BIG fine. Disclosing this information is illegal

2) If this leak is correct the market has reacted by buying Funcom stocs. The analysts beleive Funcom is undervalued based on the information above. The stock is up 50% over the last 3 weeks.!!! 50%!!! Its up 10% today. Last price is 4.60 NOK

Now, why would a canadian stock broker (or investor) or whatever he is post information on this forum? Forgive me for the consiparcy theory, but he wants small time investors to SELL so he can BUY!! Its a game he is going for your money folks, and by hyping forums such as this he is getting cheap stocks.

Another thing, why would he disclose the truth? If he had this information, why not post the opposite and then take advantage of the rumor and make tons of money?

Darth_Osor · February 2009

Couldn't happen to a better company. 800k ot 140k subs in this short time. They'll be under 100k by the one year anniversary.

I can't believe they have another MMO in development...who would be dumb enough to buy TSW at launch after the epic fail launches of AO and AoC?

openedge1 · February 2009

Originally posted by ChristianBal
Originally posted by Aceundor
For the non financial souls out there, please keep following in mind.
1) If this leak is correct then Funcom will receive a BIG fine. Disclosing this information is illegal
2) If this leak is correct the market has reacted by buying Funcom stocs. The analysts beleive Funcom is undervalued based on the information above. The stock is up 50% over the last 3 weeks.!!! 50%!!! Its up 10% today. Last price is 4.60 NOK
Now, why would a canadian stock broker (or investor) or whatever he is post information on this forum? Forgive me for the consiparcy theory, but he wants small time investors to SELL so he can BUY!! Its a game he is going for your money folks, and by hyping forums such as this he is getting cheap stocks.
Another thing, why would he disclose the truth? If he had this information, why not post the opposite and then take advantage of the rumor and make tons of money?
<Mod edit>

Still doesn't make him wrong. This was a foolish mistake on the OP's part. It is two fold...
1. He either should not have divulged this info, as it could be considered insider trading and is not a pretty place to be.
2. He is lying, and created another thread for others to flame on about, or is setting things up to make his stock look good.
Neither is a positive spin, no matter who Aceundor is...
Cheers

George41 · February 2009

Originally posted by openedge1
Originally posted by ChristianBal
Originally posted by Aceundor
For the non financial souls out there, please keep following in mind.
1) If this leak is correct then Funcom will receive a BIG fine. Disclosing this information is illegal
2) If this leak is correct the market has reacted by buying Funcom stocs. The analysts beleive Funcom is undervalued based on the information above. The stock is up 50% over the last 3 weeks.!!! 50%!!! Its up 10% today. Last price is 4.60 NOK
Now, why would a canadian stock broker (or investor) or whatever he is post information on this forum? Forgive me for the consiparcy theory, but he wants small time investors to SELL so he can BUY!! Its a game he is going for your money folks, and by hyping forums such as this he is getting cheap stocks.
Another thing, why would he disclose the truth? If he had this information, why not post the opposite and then take advantage of the rumor and make tons of money?
<Mod edit>
Still doesn't make him wrong. This was a foolish mistake on the OP's part. It is two fold...
1. He either should not have divulged this info, as it could be considered insider trading and is not a pretty place to be.
2. He is lying, and created another thread for others to flame on about, or is setting things up to make his stock look good.
Neither is a positive spin, no matter who Aceundor is...
Cheers

The forum-lawyers are great in this thread. Completely wrong of course though.
The stock is up to about 4 today, the same place it was when they announced earnings last time. This is what you would expect since the company reaffirmed it's guidance. 6 months ago, the stock was at 16.
A lot of shares traded hands today.. 500,000 while the average has been around 150,000 for the past few months. On an up day, this indicates that apparently a lot of investors 'learned' yesterday that Funcom was going to meet expectations ( the 50% decrease over last quarter)... apparently up until yesterday, they thought the decrease would be more than 50%.

Conza · February 2009

Originally posted by Conza

Originally posted by Litigator_AB

Funcom is coming in at guidance for Q4 08 and will be "slightly lower" Q1 09. He did not comment past that in the email.
However:
Funcom made 18 million last quarter. Q4 08 guidance was between 8-10 million US. So essentially Funcom lost approximately 50% of its revenue.
I did not get clarification of what slightly lower meant but I'm assuming that means the guidance numbers are going to have an upper limit of the lower limit from Q4 08 with at least a 2 million US window...so I'm expecting 6-8 million USD.
Dismal numbers, but still better than I thought Funcom would do (unless they just technically met expectations...8.2 million USD is pretty woeful. 9.5 million would be more respectable and means they stopped the subscriber bleed.
A lower Q1 09 number is to be expected simply due to the loss of 6 month subscriptions coming off the books.
Questions and comments?
Lit

Can you provide a copy or reference to your special mail from Olav so that we can forward it to Oslo stock exchange. They probably want to stop public trade of FC while launching an investigation of the leaked information.

A CFO can't just send a friendly mail to your helsinki friend and give hints on guiding for Q12009. Thats insider trade and is only likely if mister Olav flirts with the idea of getting jailtime.

Edit: Ohh by the way, I think you forgot Box revenue for 1C company sales of boxes in Russia and Polland. 150000 boxes *50 $ *25%= 1.87 Mill $. Just a minor 2 Mill $ detail . Ohh and still waiting on a copy of that mail from Olavs mail to your friend in Helsinki.

Well since I am not getting an answer from you OP I'm just going to assume you are just BSing. Either way what you have to comprehend is that posts like this is stuff you easily can get in trouble for (for real). It is not a problem if your posts are just intended to be a troll, but if you also buy and sell stocks (which I saw you mention in a different post) you are on thin ice. I'll trust you yourself know why. Cheers

www.oslobors.no/ob/kontakt

Aceundor · February 2009

Originally posted by ChristianBal

Originally posted by Aceundor

For the non financial souls out there, please keep following in mind.

1) If this leak is correct then Funcom will receive a BIG fine. Disclosing this information is illegal

2) If this leak is correct the market has reacted by buying Funcom stocs. The analysts beleive Funcom is undervalued based on the information above. The stock is up 50% over the last 3 weeks.!!! 50%!!! Its up 10% today. Last price is 4.60 NOK

Now, why would a canadian stock broker (or investor) or whatever he is post information on this forum? Forgive me for the consiparcy theory, but he wants small time investors to SELL so he can BUY!! Its a game he is going for your money folks, and by hyping forums such as this he is getting cheap stocks.

Another thing, why would he disclose the truth? If he had this information, why not post the opposite and then take advantage of the rumor and make tons of money?

<Mod edit>

Removed answer !

BishopB · February 2009

Thank you stealthy Moderator for cleaning up this thread!

I would have appreciated that you made post letting us know though, as my post was gone, and I thought my browser was acting up again. I have spent 10 minutes now trying to figure out if there was some kind of old cache problem. I started to feel completly after a while.

Well I feel somewhat better now.

-B

finaticd · February 2009

Originally posted by Aceundor

For the non financial souls out there, please keep following in mind.
1) If this leak is correct then Funcom will receive a BIG fine. Disclosing this information is illegal
2) If this leak is correct the market has reacted by buying Funcom stocs. The analysts beleive Funcom is undervalued based on the information above. The stock is up 50% over the last 3 weeks.!!! 50%!!! Its up 10% today. Last price is 4.60 NOK

Now, why would a canadian stock broker (or investor) or whatever he is post information on this forum? Forgive me for the consiparcy theory, but he wants small time investors to SELL so he can BUY!! Its a game he is going for your money folks, and by hyping forums such as this he is getting cheap stocks.
Another thing, why would he disclose the truth? If he had this information, why not post the opposite and then take advantage of the rumor and make tons of money?

1) Funcom and it's employees are above the laws, ethics, and morality, that govern most businesses and individuals. Funcom and it's employees do what they want, when they want, to whomever they want, that is just the way it is.

2) Is this like that movie boiler room, where your pumping penny stocks? #1) currency conversion in addition to transaction fees would kill the deal for everyone but institutional investors and larger banks, who can by pass that,. Not sure how it is in Canada but federal statutes or general policy typically forbid those organizations from buying stock's under $5 USD.

4.40 NoK = 0.63 USD

Then you have to deal with the fact that the stock is over valuated so your point of buying is why? to follow the make believe hype train? Did you buy when the stock hit 50 NoK, because it was going up?

___________________________________

Even if Funcom hit's revenue projections, 50% of last quarter (8-10 mil USD) it is unlikely that they cut over head enough to compensate for the loss - They went through with USA layoffs that they denied on the Q3 just days before, but is that enough to make the business profitable?

They are pumping money into two projects based on AoC and the same game engine, so if one chooses to gamble (invest) on the chance(risk) that those two projects won't be boycotted and actually excede expectations they can buy the stock.

Though any "analysist" would analyze the pattern and stay away because "fool me trwice, shame on me".

I usually don't focus on the quarters but rather long-term investing. Puting money into a company that just came out with a product that will likely not even break even but more than likely have a negative return on investment, would be pretty silly.

Though for the short term...if an investor found the OP credible, they should sell what they have and short sell what they do not. TRUE stock price valuation is based on revenue and profit , though some decent formulas use dividend payments...as stock holders are really the owners, they should get paid.

Revenue or Profit go down, then EPS share goes down, so the stock should drop....and this would be a silly bubble, the market will correct it'self when Q4 is released on better information - but FC seems to have poor accounting methods.

_____________________________________

Litigator_AB · February 2009

Can you provide a copy or reference to your special mail from Olav so that we can forward it to Oslo stock exchange. They probably want to stop public trade of FC while launching an investigation of the leaked information.
A CFO can't just send a friendly mail to your helsinki friend and give hints on guiding for Q12009. Thats insider trade and is only likely if mister Olav flirts with the idea of getting jailtime.
Edit: Ohh by the way, I think you forgot Box revenue for 1C company sales of boxes in Russia and Polland. 150000 boxes *50 $ *25%= 1.87 Mill $. Just a minor 2 Mill $ detail . Ohh and still waiting on a copy of that mail from Olavs mail to your friend in Helsinki.

Well since I am not getting an answer from you OP I'm just going to assume you are just BSing. Either way what you have to comprehend is that posts like this is stuff you easily can get in trouble for (for real). It is not a problem if your posts are just intended to be a troll, but if you also buy and sell stocks (which I saw you mention in a different post) you are on thin ice. I'll trust you yourself know why. Cheers

www.oslobors.no/ob/kontakt

The OP (namely me) has a job and only checks the forums on occasion. So here is your belated update:

#1: It is only insider trading if he provided the information to me (or you or whoever) to the exclusion of others. The only logical conclusion is that this information has been provided through the appropriate channels to stockholders and Oslobors.

#2: Polish and Russian game sales did not happen in October-December. This is Q4-08 we are speaking of, not Q1-09. The only Q1-09 info we have is in regards to guidance (meaning they must think Russia and Poland are a bust).

#3: I have no financial interest in Funcom at the moment. I haven't since the summer.

Lit

TheNinjaboy · February 2009

It's no shock.

AoC has been hovering around 140k for months now.

They DID stop the bleeding with the removal of the old lead Game Dev, gem nerfing, one shot charge removal, server mergers, and the announcement of new content in 1.04.

If they didn't stop the bleeding they would EASILY be down to 40-50k subs by now.

Trust me on this as I experienced the population changes in all it's glory.

Now can they CONTINUE to stop the bleeding AND continue to pick up new subs or get some people to come back?

Well players are already coming back now.

The big X factor for a lot of Age of Conan players on the PvP servers is Darkfall and the 1.04 AoC patch.

I have throughly tested the 1.04 patch and it's awesome.

The only downside to it is the fact it doesn't have the stats / gear patch in it yet that is suppose to resolve a big issue with AoC - class balance.

Class balance without a doubt has gotten a lot better however.

So far the new Lead Dev has been right on the money and fairly decent about releasing factual notes of up and coming changes and additions to AoC.

This is a WORLD apart from when we saw the mass AoC population exodus about 6 months ago.

If Darkfall does not get released on schedule or turns out to be a flop then Age of Conan will continue to not only stop the bleeding but increase significantly in population almost overnight.

Word is already getting out that AoC has changed and players returning to the game are passing around positive praises.

If Darkfall is a huge success then Age of Conan has it's work cut out for it but it will still survive and INCREASE but just not as fast.

140k subs is a decent amount of subs for an MMO.

Case in point - City of Heroes / Villains has been surviving on that number for almost 3 years now.

lornj · February 2009

i quit at the beginning of september of last year after going through open beta and up until then. i have no plan to resub to this game until they have a free month of game play for old subscribers.

Conza · February 2009

Originally posted by Litigator_AB

Can you provide a copy or reference to your special mail from Olav so that we can forward it to Oslo stock exchange. They probably want to stop public trade of FC while launching an investigation of the leaked information.
A CFO can't just send a friendly mail to your helsinki friend and give hints on guiding for Q12009. Thats insider trade and is only likely if mister Olav flirts with the idea of getting jailtime.
Edit: Ohh by the way, I think you forgot Box revenue for 1C company sales of boxes in Russia and Polland. 150000 boxes *50 $ *25%= 1.87 Mill $. Just a minor 2 Mill $ detail . Ohh and still waiting on a copy of that mail from Olavs mail to your friend in Helsinki.

Well since I am not getting an answer from you OP I'm just going to assume you are just BSing. Either way what you have to comprehend is that posts like this is stuff you easily can get in trouble for (for real). It is not a problem if your posts are just intended to be a troll, but if you also buy and sell stocks (which I saw you mention in a different post) you are on thin ice. I'll trust you yourself know why. Cheers

www.oslobors.no/ob/kontakt

The OP (namely me) has a job and only checks the forums on occasion. So here is your belated update:

#1: It is only insider trading if he provided the information to me (or you or whoever) to the exclusion of others. The only logical conclusion is that this information has been provided through the appropriate channels to stockholders and Oslobors.

#2: Polish and Russian game sales did not happen in October-December. This is Q4-08 we are speaking of, not Q1-09. The only Q1-09 info we have is in regards to guidance (meaning they must think Russia and Poland are a bust).

#3: I have no financial interest in Funcom at the moment. I haven't since the summer.

Lit

Nononono... I have no interest in your other fluff. Reference to your special mail, that you base this whole thread on. REFERENCE?

ChristianBal · February 2009

Originally posted by Conza

Originally posted by Litigator_AB

The OP (namely me) has a job and only checks the forums on occasion. So here is your belated update:

#1: It is only insider trading if he provided the information to me (or you or whoever) to the exclusion of others. The only logical conclusion is that this information has been provided through the appropriate channels to stockholders and Oslobors.

#2: Polish and Russian game sales did not happen in October-December. This is Q4-08 we are speaking of, not Q1-09. The only Q1-09 info we have is in regards to guidance (meaning they must think Russia and Poland are a bust).

#3: I have no financial interest in Funcom at the moment. I haven't since the summer.

Lit

Nononono... I have no interest in your other fluff. Reference to your special mail, that you base this whole thread on. REFERENCE?

Seems like you and your "insider trading conspiracy theory" got owned big time by his "fluff"

Why would he send you any copies of his email? You think he or anyone else here cares if some random AoC fanboi believes him or not?

shukes33 · February 2009

Originally posted by Litigator_AB

Funcom is coming in at guidance for Q4 08 and will be "slightly lower" Q1 09. He did not comment past that in the email.
However:
Funcom made 18 million last quarter. Q4 08 guidance was between 8-10 million US. So essentially Funcom lost approximately 50% of its revenue.
I did not get clarification of what slightly lower meant but I'm assuming that means the guidance numbers are going to have an upper limit of the lower limit from Q4 08 with at least a 2 million US window...so I'm expecting 6-8 million USD.
Dismal numbers, but still better than I thought Funcom would do (unless they just technically met expectations...8.2 million USD is pretty woeful. 9.5 million would be more respectable and means they stopped the subscriber bleed.
A lower Q1 09 number is to be expected simply due to the loss of 6 month subscriptions coming off the books.
Questions and comments?
Lit

Are there still so many interested in all this rubbish? i mean the games not bad but o moved on as not enough to do in it. but clicked on this just to see if there are still any who are obsessed with proving it a failure still and whoah! there are lol! this is great news if i want to buy shares in this company...but i'm a gameplayer and really it dont mean crap to me. either play it or dont.

What is interesting is the platform you choose to post on though! have some confidence mate and take it somewhere where you will get a good argument about these things.

Jackdog · February 2009

Originally posted by shukes33
Are there still so many interested in all this rubbish? i mean the games not bad but o moved on as not enough to do in it. but clicked on this just to see if there are still any who are obsessed with proving it a failure still and whoah! there are lol! this is great news if i want to buy shares in this company...but i'm a gameplayer and really it dont mean crap to me. either play it or dont.
What is interesting is the platform you choose to post on though! have some confidence mate and take it somewhere where you will get a good argument about these things.

Each to their own , I find this thread a lot more interesting than than most on this forum. You can only read so many infomercial threads, which is about all the forum would consist of if it were up to the three amigos. As far as the finances affecting you as a gamer ask just anyone who ever played E&B , ACII, or Hellgate London.

Monday is going to be interesting, but as has been pointed out, the Q1 report on May 15 will be the tell all and the investor meeting on 23 May should turn out to be very interesting

Aceundor · February 2009

Originally posted by Litigator_AB

Can you provide a copy or reference to your special mail from Olav so that we can forward it to Oslo stock exchange. They probably want to stop public trade of FC while launching an investigation of the leaked information.
A CFO can't just send a friendly mail to your helsinki friend and give hints on guiding for Q12009. Thats insider trade and is only likely if mister Olav flirts with the idea of getting jailtime.
Edit: Ohh by the way, I think you forgot Box revenue for 1C company sales of boxes in Russia and Polland. 150000 boxes *50 $ *25%= 1.87 Mill $. Just a minor 2 Mill $ detail . Ohh and still waiting on a copy of that mail from Olavs mail to your friend in Helsinki.

Well since I am not getting an answer from you OP I'm just going to assume you are just BSing. Either way what you have to comprehend is that posts like this is stuff you easily can get in trouble for (for real). It is not a problem if your posts are just intended to be a troll, but if you also buy and sell stocks (which I saw you mention in a different post) you are on thin ice. I'll trust you yourself know why. Cheers

www.oslobors.no/ob/kontakt

The OP (namely me) has a job and only checks the forums on occasion. So here is your belated update:

#1: It is only insider trading if he provided the information to me (or you or whoever) to the exclusion of others. The only logical conclusion is that this information has been provided through the appropriate channels to stockholders and Oslobors.

#2: Polish and Russian game sales did not happen in October-December. This is Q4-08 we are speaking of, not Q1-09. The only Q1-09 info we have is in regards to guidance (meaning they must think Russia and Poland are a bust).

#3: I have no financial interest in Funcom at the moment. I haven't since the summer.

Lit

#1 PROVES that Litigator is lying. The information he used to start this post HAS NOT BEEN DISCLOSED TO THE MARKET! Below is the list of news disclosed to the market.

http://www.oslobors.no/markedsaktivitet/stockNews?newt__ticker=FUNCOM&newt__menuCtx=1.1.17

Now, since we have proved his lies, please ask youreselves why? Why on earth would he lie about this?

He has some agenda and wants to create a negative hype around the funcom stock.

shukes33 · February 2009

Originally posted by Jackdog

Originally posted by shukes33
Are there still so many interested in all this rubbish? i mean the games not bad but o moved on as not enough to do in it. but clicked on this just to see if there are still any who are obsessed with proving it a failure still and whoah! there are lol! this is great news if i want to buy shares in this company...but i'm a gameplayer and really it dont mean crap to me. either play it or dont.
What is interesting is the platform you choose to post on though! have some confidence mate and take it somewhere where you will get a good argument about these things.

Each to their own , I find this thread a lot more interesting than than most on this forum. You can only read so many infomercial threads, which is about all the forum would consist of if it were up to the three amigos. As far as the finances affecting you as a gamer ask just anyone who ever played E&B , ACII, or Hellgate London.

Monday is going to be interesting, but as has been pointed out, the Q1 report on May 15 will be the tell all and the investor meeting on 23 May should turn out to be very interesting

Sorry mate i think you misunderstood what i meant.

Why start a thread like this on a gaming site that's designed to talk about games and gameplay. if we talk about AoC as far as i can read, subs are growing, game is getting better and fixes/content seems to be planned too. But if we talk about financial circumstances of the company behind the game...then why not take it to a more suitable place thats all? somewhere where people are qualified to talk about it more ( not to say people here arent ) on maybe a financil forum? if people want to discuss it then your right, who am i to stop them. and i do apologise for the snap reaction i made, it just suprised me people havent tired of it by now that's all.

Jackdog · February 2009

Originally posted by shukes33

Sorry mate i think you misunderstood what i meant.
Why start a thread like this on a gaming site that's designed to talk about games and gameplay.

My point is the game and gameplay is directly related to the finances of the company. No money = no further devlopment. We might just have to agree to disagree here because far as I can see they are directly related. Also if he game is doing a turn around the comapnies reports should reflect that.

shukes33 · February 2009

Point taken

i was a bit snappy and after reading what i wrote first time round i'm kinda embarrassed. i dont have any interest in it to be honest but that's not to say anyone who has is wrong or right but i must say, AoC doesnt look anywhere near where it will be closing because of financial reasons yet....not even close.

DaveTT · February 2009

Originally posted by Conza

Originally posted by Litigator_AB

Can you provide a copy or reference to your special mail from Olav so that we can forward it to Oslo stock exchange. They probably want to stop public trade of FC while launching an investigation of the leaked information.
A CFO can't just send a friendly mail to your helsinki friend and give hints on guiding for Q12009. Thats insider trade and is only likely if mister Olav flirts with the idea of getting jailtime.
Edit: Ohh by the way, I think you forgot Box revenue for 1C company sales of boxes in Russia and Polland. 150000 boxes *50 $ *25%= 1.87 Mill $. Just a minor 2 Mill $ detail . Ohh and still waiting on a copy of that mail from Olavs mail to your friend in Helsinki.

Well since I am not getting an answer from you OP I'm just going to assume you are just BSing. Either way what you have to comprehend is that posts like this is stuff you easily can get in trouble for (for real). It is not a problem if your posts are just intended to be a troll, but if you also buy and sell stocks (which I saw you mention in a different post) you are on thin ice. I'll trust you yourself know why. Cheers

www.oslobors.no/ob/kontakt

The OP (namely me) has a job and only checks the forums on occasion. So here is your belated update:

#1: It is only insider trading if he provided the information to me (or you or whoever) to the exclusion of others. The only logical conclusion is that this information has been provided through the appropriate channels to stockholders and Oslobors.

#2: Polish and Russian game sales did not happen in October-December. This is Q4-08 we are speaking of, not Q1-09. The only Q1-09 info we have is in regards to guidance (meaning they must think Russia and Poland are a bust).

#3: I have no financial interest in Funcom at the moment. I haven't since the summer.

Lit

Nononono... I have no interest in your other fluff. Reference to your special mail, that you base this whole thread on. REFERENCE?

No reference, its a FAKE. He is only lying.

He probably has his own agenda.

Aceundor · February 2009

Seems like OP was right on the Info and wrong on the conclusion.

Two things here. Funcom stock is not dead, nor is it thriving either. Its hanging in there and there is hope that growth will take place on AoC during 2009. There were no big surprises in the figures and stock is now slightly above 4 NOK (up from 2.50 in November, Down from 55 in June)

Secondly: OP got hold of insider information and posted it on this forum. This is illegal!!!!

openedge1 · February 2009

Originally posted by Aceundor

Seems like OP was right on the Info and wrong on the conclusion.
Two things here. Funcom stock is not dead, nor is it thriving either. Its hanging in there and there is hope that growth will take place on AoC during 2009. There were no big surprises in the figures and stock is now slightly above 4 NOK (up from 2.50 in November, Down from 55 in June)
Secondly: OP got hold of insider information and posted it on this forum. This is illegal!!!!

The biggest point not being made is AoC launched in Poland and Russia just this year (Jan. and Feb respectively). This is not being taken into account for forward looking statements.

Korea if I am not mistaken has already been sold, with 50% rights to profits there. And as we can see, people are interested enough that all it will take is a winback program (or trial) to bring in new customers who bought boxes but did like me and left due to the launch mess.

In all honesty, all I can do is laugh at the doomsayers who kept spouting...Funcom will be dead in December...oh wait...January...sorry, I meant February...

And the best part? The game is hella fun, and I am having a blast...and that is what matters most.

Howdy, Stranger!

1Q 09 update from Olev Sandnes, Funcom CFO. And yes, the results are not good.

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1Q 09 update from Olev Sandnes, Funcom CFO. And yes, the results are not good.

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