The post was about wether or not the info was available, the annuals are the only ones you are legally enforced to disclose.
2011 annuals will not be publicly available until march 2012.
That is why.
Irelevant or not.
------------------------------------------------------------------------------------------ Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts. ------------------------------------------------------------------------------------------
I have to question that line of thinking. Any CEO who is making less than a Postman would be screaming it to the ends of the earth "Look, I CARE so much aout this company I make less than a Postman"- Thats what the huge and growing number of CEO's making $1/year are doing to restore confidence (not mentioning the plethora of bonus'es which reach multi-million dollars yearly.
-Again, this info is not public so like everything else with the Public Company SV- Everything is speculation.
With the transparancy they have even with dupes/hacks and exploits (i.e. "trust us") and the GMs being heavily biased since they are "volenteers" from Guilds- I trust nothing from SV unless it is legally binding (and even then...) like a complete breakdown of Henriks wage (which is secret)
-So essentially my question was "What does Henrik Nystrom make for being CEO"
Anyone who pays tax in sweden have their total taxable income being public.
Allthough it is not only his salary from SV, but any other moneys he have earned, that he have payed tax on.
You can only conclude it is not more then that.
And no, I am not going to pay ratsit, nor am I going down to the library to check it out, I just do not care enough.
Or the swedish version of IRS, the information is available there as well.
And yes he is a CEO, but in a very small company, who seems to not be making any real money at all.
Had it been a construction company for example it would have been bancrupt a long time ago.
Starvault isnt even a medium sized company, it is a small one, my local pub has more employees, and they certainly make a lot more money.
------------------------------------------------------------------------------------------ Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts. ------------------------------------------------------------------------------------------
im sure that sort of information can be asked for by the investors if they want to know. However henrik comes from a very rich family what possible reason would he have of giving himself huge bonuses at the cost of his company. Its just ilogical.
Death, hows it going buddy.
The problem is- Nobody seems to know.
As to why a Rich person would pay themselves more and more even at the expense of the investors- Thats what Rich folks do buddy. I can show you a million instances.
The CEO from Enron was rich as well and risked it all (along with Prison) to get even richer. Its the way of the world.
It's funny that you write this, after having poster the salaries of a couple of very rich individuals earlier in the thread.
What were those salaries again? $1 dollar. A single dollar. Huh. That's interesting.
So CEO's get paid a salary of a dollar, becaue rick people pay themselves more and more, even at the expense of the investors? I'm confused.
Did you write the correct salary amounts earlier? Is it possible you made a mistake?
Actually know they only get paid a dollar, because a large number of CEO's who work for very large companies don't actually pay themselves very much for tax reasons. Instead of taking a salary that would get taxed harder, they take bonuses so they don't pay as much in tax. But you see, bonuses are tied to profits and the less profit the company makes the less a bonus the CEO gets; therefore it benefits the CEO to ensure the company makes lots of money so they can get more profit.
Also, if SV works like any other company, the board has to vote on how much a bonus everyone gets. Just because Hernik wants a set amount, doesn't really mean he'll get it. I'm also pretty sure that if Henrik was running the company into the ground, and the board cared, they would have some sort of legal recourse available to them.
You seem to know a lot about how a public company is run in the US, you should know that even a magority share holder who is the CEO isn't guaranteed his seat if the company fails to perform to standards that the rest of the board is happy with. A magority holding CEO is still required to fulfill his obligations to the rest of the board and the investing public. Just because you have the magority shares doesn't mean you can drive the company into the ground, your investors can take legal action against you, as you are in effect defrauding people. When you go public you do so under the pretence that the company will make money and the investors will in turn make money off their investment.
I do understand you don't really care about SV, Henrik, or MO. This is just another way for you to make dispariging remarks about an individual and try to purpetrate this idea that Henrik is somehow defrauding people, and operating a business in an illegal maner.
Contrary to what some other have said, no, you shouldn't care. You're not invested in the company, neither by owning stock or playing the game, and shouldn't really care what they do because it's not effecting you in any way.
I personally think it's rather disrespectful, regardless of what you think of the game, to make some of the statements and claims that you've made, but that's just my opinion.
It's also pretty ironic that you would worry so much about what Henrik makes, while also showing how US CEO's get around paying taxes on the income they make. I guess it's ok for the CEO of apple to pay himself only a dollar, and make milliions in bonuses so that he can avoid paying more taxes, but god forbid a guy living in a country thousands of miles away make a game you don't like.
Also, if SV works like any other company, the board has to vote on how much a bonus everyone gets. Just because Hernik wants a set amount, doesn't really mean he'll get it. I'm also pretty sure that if Henrik was running the company into the ground, and the board cared, they would have some sort of legal recourse available to them.
You are aware the "Board" is made up of Henriks family and friends right?
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Also, if SV works like any other company, the board has to vote on how much a bonus everyone gets. Just because Hernik wants a set amount, doesn't really mean he'll get it. I'm also pretty sure that if Henrik was running the company into the ground, and the board cared, they would have some sort of legal recourse available to them.
You are aware the "Board" is made up of Henriks family and friends right?
I don't care if it's the familly dog, the neighbors goldfish, and a feral hampster. Just like I wrote in the bit you quoted, if the boared cared.
Funny how I've never read a post by anyone who owns stock in the company complaining about Hernik and the state of SV. It's just people who don't like the game accusing him of being a criminal.
Even better then why would any of you care would be, if the investors don't seem to care why should you?
voicing your opinion about not likeing the game is one thing. Accusing an individual of defrauding people, intentionally hiding his finances so he can take more money, intentionally running his company into the ground, and just being an all around criminal is simply disrepectful. And all because you don't like a game!
PS: You know what really gets me.
If the OP had written an editorial in a newspaper, saying some of the things he's stated in just this thread, he'd likely be facing a lawsuit from SV. But you can go onto a public forum and intentionally, and repeatedly, make remarks about an individual implying, and attempting to spread the image that they're a criminal and doing illigal things.
Also, if SV works like any other company, the board has to vote on how much a bonus everyone gets. Just because Hernik wants a set amount, doesn't really mean he'll get it. I'm also pretty sure that if Henrik was running the company into the ground, and the board cared, they would have some sort of legal recourse available to them.
You are aware the "Board" is made up of Henriks family and friends right?
I don't care if it's the familly dog, the neighbors goldfish, and a feral hampster. Just like I wrote in the bit you quoted, if the boared cared.
Funny how I've never read a post by anyone who owns stock in the company complaining about Hernik and the state of SV. It's just people who don't like the game accusing him of being a criminal.
Wow... Do you think Henrik would vote himself out?
Funny, there are people right here on this forum that own stock in SV.
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Henrick Nystrom own 6 million AB shares in Starvault (about 1/5 of all AB stock)
If we look at his investment in AB shares it is 4.9 million @ 0.7 (10/1/07); 500,000 @ 2.5 (5/27/08) and 370,000 @ 1.5 (10/28/08)
4,900,000 *0.7 + 500,000*2.5 + 370,000*1.5 = 5.235 million SEK invested = $ 798,981 invested in AB shares
6,067,898 *0.17=1,031,542 SEK = $157,436 current value of investment
Henrick has lost $ 641,545 in the last 4 years on his investment in B shares of Starvault alone
Unless he is making more than $150,000 /year in salary and other compensation, he is losing money. From slapshot's earlier post, total compensation (for board and employees) was $ 600,000 so it's unlikely that he is making more than $150,00.
He is the sole owner of A shares (which will be pretty worthless when/if Starvault declares bankruptcy). Because of this, the analysis above underestimates the amount of money that Henrick has invested in Starvault. (and therefor the amount he has to lose)
Will try to narrow down what I ~think~ you are saying . . .
1. Company losing money like mad. CEO not booted.
2. Company still losing money. CEO not booted.
3. Question arises about where investors money is going- the company is losing it like mad . . . CEO not booted.
Are the main questions: "Why and how is he still in his position? Does this not seem shady? And . . . where is the money going?"
I know that inference can be called slander by a competent lawyer, but I think it stands a reasonable request that "we," as in, the public at large, ~and~ investors have easy access information as to where and why the money is going.
I am not asking for a receipt from his lunch. Ballpark figures explaining where the money goes if not to improve the game/save the company/whatever.
If I hand you a dollar for a donut and you drop the money down the toilet and then refuse to give me the donut . . . that is bad.
BUT if you put the dollar in your pocket and walk away eating my donut . . .
[[EDIT: And there is more in the mix than just shares. If I drop a quarter with one hand, but pick up a twenty dollar bill with the other . . .]]
how does this information concern the public? its obviously between the ceo and his investors and i imagine that sort of information would be readily available to them if they request it. The truth is they do not seem to be upset or concerned with his current earnings so why should we be.
in a rather recent post henrik (the ceo) stated he isnt to concrened with finances currently, he is more concerened and focused on delivering on what has been promised and getting the features into the game the gamers are requesting, TC AI UI and magic updates. Obviously there msut be some form of financial plan he has to keep the game going. Yet you all still slander and label him a greedy criminal based soley on speculation in an attempt to tarnish his name and reputation.
there are 2 types of mmo, imitators and innovaters.
6 Type of share shares to be issued in two classes, Class A and Class B. Class A shares carry ten (10) votes per share and B- share carries one (1) vote per share.
This is a gaming web site, not an investment website.
I'd surely like to know if a company isnt doing well before purchase or buying a subscription. I highly doubt Starvault will be issuing any refunds. If you dont like the topic, move along.
Also, If a MMO is having money issues it also impacts the current players. Staff reductions slowing development, limited support and the games survival.
If the OP had written an editorial in a newspaper, saying some of the things he's stated in just this thread, he'd likely be facing a lawsuit from SV. But you can go onto a public forum and intentionally, and repeatedly, make remarks about an individual implying, and attempting to spread the image that they're a criminal and doing illigal things.
I really don't get that.
He who lives in a glass house shouldnt throw stones at others.
If Henrick ever decides to take anyone to court then thousands of people would get an opportunity to take him to the cleaners.
You say that he`d likely be facing a lawsuit from SV? I`d say if SV can afford a lawyer to press charges then why havent they fixed the damn game yet. Not to mention, if the person who had "written the editorial in the newspaper" had at any time bought the game and/or paid a sub then SV suing one of its playerbase would be the hot topic for months to come on any gaming site, such as this one. Also the bad publicity would be one of the best ways to kill a (already dying) game. And this is the part where I remind you about a certain Smrt doctor who turned into one of the biggest jackasses of the MMO industry after suing a certain someone for libel.
Personally I dont think Henrick got the brains to pull off a Enron-esque move since judging from past records he is quite the moronic tool based on all his business decisions. Siphoning company funds into private accounts isnt something that he would be able to hide from his drinking buddehs either, half of whom are probably on the SV dev team. Methinks the top SV peeps, all get a share of the pie while the new guy (interns, fanpatcher, community mods, etc) get peanuts or are instead paid with 'game time'. Why the game suffers in working content would probably still be SV's ineptitude and not because of Mr CEO sticking his hand in the cookie jar.
But make no mistake, Henrick still is a criminal in a vague point of view. Anyone who charges for a product and fails to deliver it (functional game discs), charges credit cards without authorization (auto billing fiasco), inflating quarterlies with false profits (multiple billing 'accident') and the slew of other wrongdoings is no saint that deserves sympathy. He might have not been caught with his hand in the cookie jar, but that is only because no one has bothered to sue a failing company, yet. If ever, anyone was to sue SV, you can rest assured that Henrick would be on the receiving end of the stick.
Henrik's behavior is a pattern, not an exception to the rule. Rich spoiled kid who's egotripping as CEO, lead designer, lead developer, project manager, lead everything-he-feels-like probably did quite a bit of tax evasion and tax fraud. Usually IRS-like goverment institutions are bound to investigate reports, so report SV to the swedish IRS or w/e it's called and enjoy the fireworks.
im sure that sort of information can be asked for by the investors if they want to know. However henrik comes from a very rich family what possible reason would he have of giving himself huge bonuses at the cost of his company. Its just ilogical.
Death, hows it going buddy.
The problem is- Nobody seems to know.
As to why a Rich person would pay themselves more and more even at the expense of the investors- Thats what Rich folks do buddy. I can show you a million instances.
The CEO from Enron was rich as well and risked it all (along with Prison) to get even richer. Its the way of the world.
It's funny that you write this, after having poster the salaries of a couple of very rich individuals earlier in the thread.
What were those salaries again? $1 dollar. A single dollar. Huh. That's interesting.
So CEO's get paid a salary of a dollar, becaue rick people pay themselves more and more, even at the expense of the investors? I'm confused.
Let me help your confusion then. I will assume you just read a small portion of the conversation and that its not a reading comprehension issue.
The $1/year "salary" is a ruse, a lie and an illusion. The "salary" only represents one small portion of overall compensation. This was brought up ONLY to show that the yearly "salary" does not really mean anything until all other facets are factored in (AKA bonus/stock option/etc.)
Those CEO's making $1/year are some of the most highly paid CEO's when compensation is added together. Yes, they are still greedy as hell and just "spinning the numbers". Has nothing to do with tax rates or really giving a shit.
I would gladly work for $1/year if I was guarenteed a bonus of say $250K/year formeeting certain "goals" (the bar is set intentionally low) with another nice Christmas Bonus and a petty cash fund to pay for my "expenses" along with another clause in my contract giving me Stock (for free) in the Company if I meet other goals (also set intentionally low)- Then I too could say that I only make $1/year.
This was only brought up because people were pointing out the yearly "salary" of the "board"- I was saying that "salary" means nothing when it isnt compared to overall compensation.
-Trust me when I tell you these CEO's making $1/year are not doing it for the good of the investors (they do it for the good of positive press/PR/etc. and actually make Millions per year)
Did you write the correct salary amounts earlier? Is it possible you made a mistake?
Actually know they only get paid a dollar, because a large number of CEO's who work for very large companies don't actually pay themselves very much for tax reasons. Instead of taking a salary that would get taxed harder, they take bonuses so they don't pay as much in tax. But you see, bonuses are tied to profits and the less profit the company makes the less a bonus the CEO gets; therefore it benefits the CEO to ensure the company makes lots of money so they can get more profit.
Bonus is not tied to profit- It is tied to goals (whatever that may be). Not trying to give a huge explaination and go off topic but "goals" could be many things.
Remember, a corporation can claim a "loss" even while making profit. Wal Mart is notorious for this. They make a quarterly "projection" and if that projection isnt met- Its a "loss". Oddly enough if they set the "projection" for a 10% increase and profit only increases by 7%- That can be a 3% loss.
If an average citizen could calculate tax and income in that way- I would be all set.
Also, if SV works like any other company, the board has to vote on how much a bonus everyone gets. Just because Hernik wants a set amount, doesn't really mean he'll get it. I'm also pretty sure that if Henrik was running the company into the ground, and the board cared, they would have some sort of legal recourse available to them.
You are correct. Generally when a company is on the up and up, the Board is composed of majority stockholders (those who stand to lose huge amounts if the company is plundered)- This is a "fail safe" which ties the Boards financial interests with that of the company.
In this case, the Board owns (on average) about $500 in shares each. In other words, the company making good descisions and running profitable has no real bearing on the Board- They were a hand picked board with no fiscal interest in SV merely there to "rubber stamp" Henriks descisions.
You seem to know a lot about how a public company is run in the US, you should know that even a magority share holder who is the CEO isn't guaranteed his seat if the company fails to perform to standards that the rest of the board is happy with. A magority holding CEO is still required to fulfill his obligations to the rest of the board and the investing public. Just because you have the magority shares doesn't mean you can drive the company into the ground, your investors can take legal action against you, as you are in effect defrauding people. When you go public you do so under the pretence that the company will make money and the investors will in turn make money off their investment.
Fully 100% agree with everything you said.
Why then, is Henrik still CEO after over 2 years of plummeting stock? How could the "Board" NOT remove him when the overall stock price is worth less than the Unreal Liscense?
-Because (see above) the board is comprised of "shareholders" with no real vested interest (i.e. They hold very little stock) to rubberstamp Henriks descisions .
Show me another company whose stock is worth about 5% of the initial value, has consecutivly lost money for two years, etc, etc, and the CEO is still there doing the same song and dance.
I do understand you don't really care about SV, Henrik, or MO. This is just another way for you to make dispariging remarks about an individual and try to purpetrate this idea that Henrik is somehow defrauding people, and operating a business in an illegal maner.
Yes
Contrary to what some other have said, no, you shouldn't care. You're not invested in the company, neither by owning stock or playing the game, and shouldn't really care what they do because it's not effecting you in any way.
When SV decided to go public- THEY CHOSE to take peoples money and have pillaged that investment.
This makes this a valid issue.
I didnt make them go public. I ask people to "invest" in this company.
If they stayed a private company this wouldnt be my buisness (or anyone else's) but since they decided to TAKE PEOPLES MONEY and it has been used in this manner....
I personally think it's rather disrespectful, regardless of what you think of the game, to make some of the statements and claims that you've made, but that's just my opinion.
I dont really like the color Green... But thats just my opinion.
It's also pretty ironic that you would worry so much about what Henrik makes, while also showing how US CEO's get around paying taxes on the income they make. I guess it's ok for the CEO of apple to pay himself only a dollar, and make milliions in bonuses so that he can avoid paying more taxes, but god forbid a guy living in a country thousands of miles away make a game you don't like.
-But we are not talking about Apple (and last I knew Apple actually MADE money)
I also do NOT think its okay what these CEO's make (but that isnt the conversation). If you wish to know the truth, I feel that its insane that the CEO of the company I work for makes my yearly Salary each week (and I make an okay living). I can afford to own a home, have a half way decent car for my wife and a beater car for myself. My wife does not have to work, bills are paid, food in the house, Cable, internet, cell phones, etc... We do pretty well- So the fact that each week our CEO makes my yearly salary is mind boggling- What the hell can you even do with that much money?
That being said, my company also turns a profit and provides a decent middle class living to alot of folks.
Is the CEO responsible for my companys good fortune? Hell, I dont know what goes on behind closed doors, nor do I care so long as I am not being layed off , having my pay cut, etc. If that happens and our glorious leader doesnt get a pay cut - Then I will worry.
Why does this matter? Why do I care?
SV is the most underhanded, shady company I have ever witnessed.
SV DECIDED to go public since Henriks Father didnt want to foot the entire Bill for SV to get off the ground. SV is now a Public Company (their choice) and thus their buisness descision affect the Public and thus are of public concern.
No, I do NOT own SV stock.
Why is this/are these thread(s) important? Simple. Potential investors or partners will hopefully come upon these threads and think twice. This info should be debated/discussed publicly since SV is a public company selling shares to the public. SV continues to hype, lie, lie some more, etc... Potential investors and partners SHOULD be able to have all the information about the way this company is ran (into the ground) since most are not "gamers" but are "investors" wanting a return for their money... Since they probably are not aware of how terribly SV is operated , and the plethora of shady things Henrik and co. have done- A google searchh should turn up some threads lke these.
Dont like it? Too bad.
I will continue to discuss this PUBLIC company here and elsewhere in hopes of stopping just one person from giving SV their hard earned money to be squandered.
PS: The Patriarch's forum that was closed but opened for public viewing is also gone again...
Where are the MO fans who post all the news on this issue? Did they just miss the fact that the company was busted for flat out plagiarizing a competitor? I guess it's not as newsworthy as the normal "20 person Event" posts...
PPS: This really needs it's own thread, but if I create one it will be reported as a duplicate. Can a mod split this discussion off so we don't further derail the Henrick theread?
All time classic MY NEW FAVORITE POST! (Keep laying those bricks)
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PS: The Patriarch's forum that was closed but opened for public viewing is also gone again...
Where are the MO fans who post all the news on this issue? Did they just miss the fact that the company was busted for flat out plagiarizing a competitor? I guess it's not as newsworthy as the normal "20 person Event" posts...
PPS: This really needs it's own thread, but if I create one it will be reported as a duplicate. Can a mod split this discussion off so we don't further derail the Henrick theread?
No it wont. Create a thread and make sure to stay on the topic of the title. Just like any other thread. That being said, let this one stay on topic too. Thanks!
Comments
How are SV numbers from 2010 relevant? There have been numerous changes since then and 2011 quarterlys are readily available.
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They are the only annuals available.
The post was about wether or not the info was available, the annuals are the only ones you are legally enforced to disclose.
2011 annuals will not be publicly available until march 2012.
That is why.
Irelevant or not.
------------------------------------------------------------------------------------------
Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts.
------------------------------------------------------------------------------------------
I have to question that line of thinking. Any CEO who is making less than a Postman would be screaming it to the ends of the earth "Look, I CARE so much aout this company I make less than a Postman"- Thats what the huge and growing number of CEO's making $1/year are doing to restore confidence (not mentioning the plethora of bonus'es which reach multi-million dollars yearly.
-Again, this info is not public so like everything else with the Public Company SV- Everything is speculation.
With the transparancy they have even with dupes/hacks and exploits (i.e. "trust us") and the GMs being heavily biased since they are "volenteers" from Guilds- I trust nothing from SV unless it is legally binding (and even then...) like a complete breakdown of Henriks wage (which is secret)
-So essentially my question was "What does Henrik Nystrom make for being CEO"
The answer "its a secret"
The answer is no, it is not a secret..
Anyone who pays tax in sweden have their total taxable income being public.
Allthough it is not only his salary from SV, but any other moneys he have earned, that he have payed tax on.
You can only conclude it is not more then that.
And no, I am not going to pay ratsit, nor am I going down to the library to check it out, I just do not care enough.
Or the swedish version of IRS, the information is available there as well.
And yes he is a CEO, but in a very small company, who seems to not be making any real money at all.
Had it been a construction company for example it would have been bancrupt a long time ago.
Starvault isnt even a medium sized company, it is a small one, my local pub has more employees, and they certainly make a lot more money.
------------------------------------------------------------------------------------------
Originally posted by Jerek_
I wonder if you honestly even believe what you type, or if you live in a made up world of facts.
------------------------------------------------------------------------------------------
Sorry, not my intention to post again on this thread but this has got to be the funnniest quote I have seen in a long time! Good one my friend!
A man is his own easiest dupe, for what he wishes to be true he generally believes to be true...
It's funny that you write this, after having poster the salaries of a couple of very rich individuals earlier in the thread.
What were those salaries again? $1 dollar. A single dollar. Huh. That's interesting.
So CEO's get paid a salary of a dollar, becaue rick people pay themselves more and more, even at the expense of the investors? I'm confused.
Did you write the correct salary amounts earlier? Is it possible you made a mistake?
Actually know they only get paid a dollar, because a large number of CEO's who work for very large companies don't actually pay themselves very much for tax reasons. Instead of taking a salary that would get taxed harder, they take bonuses so they don't pay as much in tax. But you see, bonuses are tied to profits and the less profit the company makes the less a bonus the CEO gets; therefore it benefits the CEO to ensure the company makes lots of money so they can get more profit.
Also, if SV works like any other company, the board has to vote on how much a bonus everyone gets. Just because Hernik wants a set amount, doesn't really mean he'll get it. I'm also pretty sure that if Henrik was running the company into the ground, and the board cared, they would have some sort of legal recourse available to them.
You seem to know a lot about how a public company is run in the US, you should know that even a magority share holder who is the CEO isn't guaranteed his seat if the company fails to perform to standards that the rest of the board is happy with. A magority holding CEO is still required to fulfill his obligations to the rest of the board and the investing public. Just because you have the magority shares doesn't mean you can drive the company into the ground, your investors can take legal action against you, as you are in effect defrauding people. When you go public you do so under the pretence that the company will make money and the investors will in turn make money off their investment.
I do understand you don't really care about SV, Henrik, or MO. This is just another way for you to make dispariging remarks about an individual and try to purpetrate this idea that Henrik is somehow defrauding people, and operating a business in an illegal maner.
Contrary to what some other have said, no, you shouldn't care. You're not invested in the company, neither by owning stock or playing the game, and shouldn't really care what they do because it's not effecting you in any way.
I personally think it's rather disrespectful, regardless of what you think of the game, to make some of the statements and claims that you've made, but that's just my opinion.
It's also pretty ironic that you would worry so much about what Henrik makes, while also showing how US CEO's get around paying taxes on the income they make. I guess it's ok for the CEO of apple to pay himself only a dollar, and make milliions in bonuses so that he can avoid paying more taxes, but god forbid a guy living in a country thousands of miles away make a game you don't like.
You are aware the "Board" is made up of Henriks family and friends right?
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I don't care if it's the familly dog, the neighbors goldfish, and a feral hampster. Just like I wrote in the bit you quoted, if the boared cared.
Funny how I've never read a post by anyone who owns stock in the company complaining about Hernik and the state of SV. It's just people who don't like the game accusing him of being a criminal.
Even better then why would any of you care would be, if the investors don't seem to care why should you?
voicing your opinion about not likeing the game is one thing. Accusing an individual of defrauding people, intentionally hiding his finances so he can take more money, intentionally running his company into the ground, and just being an all around criminal is simply disrepectful. And all because you don't like a game!
PS: You know what really gets me.
If the OP had written an editorial in a newspaper, saying some of the things he's stated in just this thread, he'd likely be facing a lawsuit from SV. But you can go onto a public forum and intentionally, and repeatedly, make remarks about an individual implying, and attempting to spread the image that they're a criminal and doing illigal things.
I really don't get that.
Wow...
Do you think Henrik would vote himself out? 
Funny, there are people right here on this forum that own stock in SV.
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That was a huge mistake, worth about 5% of what it was.
Where have all the "good" shills gone?
Could we let this thread die already?
This is a gaming web site, not an investment website. I don't know that anyone on this forum has argued that Starvault is a good investment.
http://www.aktietorget.se/Instrument.aspx?InstrumentID=SE0002149369&Language=2&Graph=1
http://www.aktietorget.se/InstrumentInsider.aspx?Language=2&InstrumentID=SE0002149369
Henrick Nystrom own 6 million AB shares in Starvault (about 1/5 of all AB stock)
If we look at his investment in AB shares it is 4.9 million @ 0.7 (10/1/07); 500,000 @ 2.5 (5/27/08) and 370,000 @ 1.5 (10/28/08)
4,900,000 *0.7 + 500,000*2.5 + 370,000*1.5 = 5.235 million SEK invested = $ 798,981 invested in AB shares
6,067,898 *0.17=1,031,542 SEK = $157,436 current value of investment
Henrick has lost $ 641,545 in the last 4 years on his investment in B shares of Starvault alone
Unless he is making more than $150,000 /year in salary and other compensation, he is losing money. From slapshot's earlier post, total compensation (for board and employees) was $ 600,000 so it's unlikely that he is making more than $150,00.
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He is the sole owner of A shares (which will be pretty worthless when/if Starvault declares bankruptcy). Because of this, the analysis above underestimates the amount of money that Henrick has invested in Starvault. (and therefor the amount he has to lose)
Will try to narrow down what I ~think~ you are saying . . .
1. Company losing money like mad. CEO not booted.
2. Company still losing money. CEO not booted.
3. Question arises about where investors money is going- the company is losing it like mad . . . CEO not booted.
Are the main questions: "Why and how is he still in his position? Does this not seem shady? And . . . where is the money going?"
I know that inference can be called slander by a competent lawyer, but I think it stands a reasonable request that "we," as in, the public at large, ~and~ investors have easy access information as to where and why the money is going.
I am not asking for a receipt from his lunch. Ballpark figures explaining where the money goes if not to improve the game/save the company/whatever.
If I hand you a dollar for a donut and you drop the money down the toilet and then refuse to give me the donut . . . that is bad.
BUT if you put the dollar in your pocket and walk away eating my donut . . .
[[EDIT: And there is more in the mix than just shares. If I drop a quarter with one hand, but pick up a twenty dollar bill with the other . . .]]
how does this information concern the public? its obviously between the ceo and his investors and i imagine that sort of information would be readily available to them if they request it. The truth is they do not seem to be upset or concerned with his current earnings so why should we be.
in a rather recent post henrik (the ceo) stated he isnt to concrened with finances currently, he is more concerened and focused on delivering on what has been promised and getting the features into the game the gamers are requesting, TC AI UI and magic updates. Obviously there msut be some form of financial plan he has to keep the game going. Yet you all still slander and label him a greedy criminal based soley on speculation in an attempt to tarnish his name and reputation.
there are 2 types of mmo, imitators and innovaters.
6 Type of share shares to be issued in two classes, Class A and Class B. Class A shares carry ten (10) votes per share and B- share carries one (1) vote per share.
http://www.starvault.se/bolagsordning.php
1,250,000 class A shares * 10 votes per share = 12,500,000 votes
6,067,898 class B shares * 1 votes per share = 6,067898 votes
total number of votes controlled by Henrick 18,567898 votes
29,838,000 total class B shares * 1 vote per share =29,838,000 votes
total votes 42,338,000 votes
Henrick Nystrom is 43% of the votes. No mystery as to why he is still CEO. It's hard to vote out some who IS 43% of the vote.
I'd surely like to know if a company isnt doing well before purchase or buying a subscription. I highly doubt Starvault will be issuing any refunds. If you dont like the topic, move along.
Also, If a MMO is having money issues it also impacts the current players. Staff reductions slowing development, limited support and the games survival.
Where have all the "good" shills gone?
He who lives in a glass house shouldnt throw stones at others.
If Henrick ever decides to take anyone to court then thousands of people would get an opportunity to take him to the cleaners.
You say that he`d likely be facing a lawsuit from SV? I`d say if SV can afford a lawyer to press charges then why havent they fixed the damn game yet. Not to mention, if the person who had "written the editorial in the newspaper" had at any time bought the game and/or paid a sub then SV suing one of its playerbase would be the hot topic for months to come on any gaming site, such as this one. Also the bad publicity would be one of the best ways to kill a (already dying) game. And this is the part where I remind you about a certain Smrt doctor who turned into one of the biggest jackasses of the MMO industry after suing a certain someone for libel.
Personally I dont think Henrick got the brains to pull off a Enron-esque move since judging from past records he is quite the moronic tool based on all his business decisions. Siphoning company funds into private accounts isnt something that he would be able to hide from his drinking buddehs either, half of whom are probably on the SV dev team. Methinks the top SV peeps, all get a share of the pie while the new guy (interns, fanpatcher, community mods, etc) get peanuts or are instead paid with 'game time'. Why the game suffers in working content would probably still be SV's ineptitude and not because of Mr CEO sticking his hand in the cookie jar.
But make no mistake, Henrick still is a criminal in a vague point of view. Anyone who charges for a product and fails to deliver it (functional game discs), charges credit cards without authorization (auto billing fiasco), inflating quarterlies with false profits (multiple billing 'accident') and the slew of other wrongdoings is no saint that deserves sympathy. He might have not been caught with his hand in the cookie jar, but that is only because no one has bothered to sue a failing company, yet. If ever, anyone was to sue SV, you can rest assured that Henrick would be on the receiving end of the stick.
Get it now?
Henrik's behavior is a pattern, not an exception to the rule. Rich spoiled kid who's egotripping as CEO, lead designer, lead developer, project manager, lead everything-he-feels-like probably did quite a bit of tax evasion and tax fraud. Usually IRS-like goverment institutions are bound to investigate reports, so report SV to the swedish IRS or w/e it's called and enjoy the fireworks.
Why does this matter? Why do I care?
SV is the most underhanded, shady company I have ever witnessed.
SV DECIDED to go public since Henriks Father didnt want to foot the entire Bill for SV to get off the ground. SV is now a Public Company (their choice) and thus their buisness descision affect the Public and thus are of public concern.
No, I do NOT own SV stock.
Why is this/are these thread(s) important? Simple. Potential investors or partners will hopefully come upon these threads and think twice. This info should be debated/discussed publicly since SV is a public company selling shares to the public. SV continues to hype, lie, lie some more, etc... Potential investors and partners SHOULD be able to have all the information about the way this company is ran (into the ground) since most are not "gamers" but are "investors" wanting a return for their money... Since they probably are not aware of how terribly SV is operated , and the plethora of shady things Henrik and co. have done- A google searchh should turn up some threads lke these.
Dont like it? Too bad.
I will continue to discuss this PUBLIC company here and elsewhere in hopes of stopping just one person from giving SV their hard earned money to be squandered.
Mortal Online and Henrick fanboy and hater threads are getting old.
Everyone should just move on.
The Community forum was apparently so overwhelmed with posts about the TOS that SV has deleted the entire forum:
http://www.mortalonline.com/forums/community-discussions
PS: The Patriarch's forum that was closed but opened for public viewing is also gone again...
Where are the MO fans who post all the news on this issue? Did they just miss the fact that the company was busted for flat out plagiarizing a competitor? I guess it's not as newsworthy as the normal "20 person Event" posts...
PPS: This really needs it's own thread, but if I create one it will be reported as a duplicate. Can a mod split this discussion off so we don't further derail the Henrick theread?
All time classic MY NEW FAVORITE POST! (Keep laying those bricks)
"I should point out that no other company has shipped out a beta on a disc before this." - Official Mortal Online Lead Community Moderator
Proudly wearing the Harbinger badge since Dec 23, 2017.
Coined the phrase "Role-Playing a Development Team" January 2018
"Oddly Slap is the main reason I stay in these forums." - Mystichaze April 9th 2018
No it wont. Create a thread and make sure to stay on the topic of the title. Just like any other thread. That being said, let this one stay on topic too. Thanks!
Ahahahahaha. XD
The forum will be back, better, with a new engine, a better community, it will be revolutionary and the next best thing since sliced bread!
By the way, now that the forum is closed, how can I send a 'screw you'-message to Henrik? Anyone has an email address?