Ex Dev says Starvault's financial status is in a "terrible situation"

I had to make a thread about this since Cirsyndic only posted this in another post that is almost hidden... 

Original post:

http://www.mmorpg.com/discussion2.cfm/post/3895655

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Syndic says:

you reckon they'll go bankrupt in a month then?

ExDevGuy says:

no i reckon they go NewEmission in a month

ExDevGuy says:  

and then loan money

ExDevGuy says:

or loan money and then do NewEmission

ExDevGuy says:

basicly dropping their worth of their company from 30 mil to 10 mil sek

ExDevGuy says:  

after they loaned money

ExDevGuy says:

they went negative 1.1 mil cause they had to repay a short term loan  

ExDevGuy says:

wich means their net is now 700k left  

ExDevGuy says:

and thats this month in payment for salaries and server cost

ExDevGuy says:

They need a loan so badly now that if a big company came now and said, look we are taking over the studio. Henrik would say yes

ExDevGuy says:

sell his stock and jump the ship

Syndic says:  

yeah some people were saying the same on the forums, that a big company should come in and buy out

Syndic says:

hercules explained why no big company would waste time with it, logical when you look at it.

ExDevGuy says:

I would not be surpriced at all if Epic came and bought the game and then buried it so that no one would know of the atlas failure

ExDevGuy says:

Hercules, a once in league with Maerlyn went anti SV cause he would not deliver the small code snippet that SV needed to link the shop with forum.

ExDevGuy says:  

I understood he wanted cash, but he was saying SV would never pay so he wouldnt do shit anyway. Then he begun leaking shit and Maerlyn were all over him.

Syndic says:

lol

Syndic says:

the Epic thing wouldn't be that suprising actually

Syndic says:

dont think they're quite impressed with SV calling them and dragging their name through the mud every 2-3 months

ExDevGuy says:

I know, its not really a sign of good partnership to say that the patches they get from them are shit.

ExDevGuy says:

So if i was a guy at epic i would say to my boss , we need to buy and burry MortalOnline before they destroy our name and our engine.

ExDevGuy says:

Cause they want to sell more licenses of Atlas

ExDevGuy says:

and that a good 2.5 mil usd / year i belive

Syndic says:

lol

Syndic says:

so SV gets to pay the licence again in a few months.  

ExDevGuy says:

yes i belive its a yearly license they need to pay cause the initinal testing on the engine is gone once they released the game

ExDevGuy says:

and not just that, they probably need to license the rest of the software on the computers aswell since it is a company.

ExDevGuy says:

a homeowner buys a diffrent type of contract when dealing with companies. But comanies vs companies its a licence type of deal

ExDevGuy says:

Software licence , Engine licence , Electrical Bills , Studio Bill, Worker's cost and they also need to worry about the server cost

Syndic says:

time for another loan hehe

ExDevGuy says:

so its alot of going out.. and alot less comming in

Syndic says:

yeah

ExDevGuy says:

if there are 1000 people playing and paying a monthly 150 sek thing thats 150.000 , if you have 700k , then your at 850k , then a normal guy there gets around 13k after tax.. thats aprox 30k before tax so 10 guys = 300.000k , they are around 15+ but id say the upper management gets out way more. So i will say 700k before tax.

Syndic says:

I noticed they never really said in the financial report how many subs they actually had

ExDevGuy says:

then you need to pay for the rest of the shit

ExDevGuy says:

 ...happy christmas?

ExDevGuy says:

they never said that cause i think that would hurt them so much that they would have file for bankrupsy very soon afterwards

ExDevGuy says:

they needed to add the 'future thing' in the end of the rapport so that investors have a small hope

ExDevGuy says:

even tho its blantly lying

ExDevGuy says:

a 25% sale? lol ok.. you have 1000+ people , will 250 save you?

ExDevGuy says:

you have 2000 , will 500 save you?

ExDevGuy says:

etc..

ExDevGuy says:

its such a long stretch that they need 10000 people and they needed then the 25% at this point to even go + cause when the people number goes up they pay for downloads of the game and also server cost goes up.

ExDevGuy says:

but that would been the best (bad) situation.

ExDevGuy says:

right now its a terrible situation.

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