Hmm Good for them, they have not made a true profit from what I can tell any quarter for ages yet and it looks doubtful that AoC will break even on the development and operational costs...so the Secrete World is probably the last shot at any return on investment for the shareholders. How much have they spent on AoC so far? 85 million USD? 65 million at release then probably another 20 though many short-term liabilities were hid last quarter in the cash flows statement. Obama should be on the board of directers, he is hiring after years of losses as well ;p 100,000 subs at most - $15 / month ...FC nets 50% at most after server and admin costs $7.5 USD month ....times 12 months = 9 million a year income, then they have to support overhead and salleries. Last quarter is probably atypical but FC incured - 10 million USD in opperating expenses....to hide the quarterly loss (deceptive ;p) they put another 10 million into short-term liabilities. So they blew through 20 million in 3 months. Funcom had 34 million cash on hand as of September 30th, hope they may blow it before getting Secrete World released....going into debt is not a big issue, but comming out of it is. So they are hiring 3 people for AoC and more for the secrete world, the fact still remains, Funcom needs to produce something profitable to justify the IPO funding so they are investing in developers to produce it and just like AoC and AO that game will probably be released early, broken, etc. I was wrong on the number of new hires, but this hiring trend has nothing to do with Funcom's health.
You are in lack of facts. Look up the thread Avery made on this (with attachments to Q3 finacial report)
FC made >2.5 Mill USD Net for Q3 last year.
Guided revenue for Q4 alone is expected to be 8-10 Mill USD. So they basically make what you think they will make over a full year in one Quarter. That have to be good news
FC still has 34 Mill cash in the bank.
Facts.
Wow.. ... just wow.. why not use 'platered inn' again buddy.
The 9M they are expected to report is REVENUES... Even with that 9M in REVENUES.. it is highly doubtful they will be profitable. Remember, the last time they reported REVENUES of 18M and a profit of only a few M.
Revenues is NOT profit. Revenues are total sales BEFORE expenses.
The last quarter was the ONLY quarter that Funcom was profitable for about 4 years, and that was mainly on the fact that they did some funcky accounting and added 6M of magic money.... and total profits was only by 2M. They lost far more than that in the first 6 months of the year.
You really need to look up the defintion of REVENUES again.
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
see here you are making assumptions again, first you confuse XFire numbers with population numbers and we all know that fans made threads trying to boost the XFire numbers so they don't mean shit from here on out and then you confuse hiring people as to mean that they are increasing the staff. Like I keep pointing out those three positons that are open could be becasue three people decided to go elsewhere.
Hmm Good for them, they have not made a true profit from what I can tell any quarter for ages yet and it looks doubtful that AoC will break even on the development and operational costs...so the Secrete World is probably the last shot at any return on investment for the shareholders. How much have they spent on AoC so far? 85 million USD? 65 million at release then probably another 20 though many short-term liabilities were hid last quarter in the cash flows statement. Obama should be on the board of directers, he is hiring after years of losses as well ;p 100,000 subs at most - $15 / month ...FC nets 50% at most after server and admin costs $7.5 USD month ....times 12 months = 9 million a year income, then they have to support overhead and salleries. Last quarter is probably atypical but FC incured - 10 million USD in opperating expenses....to hide the quarterly loss (deceptive ;p) they put another 10 million into short-term liabilities. So they blew through 20 million in 3 months. Funcom had 34 million cash on hand as of September 30th, hope they may blow it before getting Secrete World released....going into debt is not a big issue, but comming out of it is. So they are hiring 3 people for AoC and more for the secrete world, the fact still remains, Funcom needs to produce something profitable to justify the IPO funding so they are investing in developers to produce it and just like AoC and AO that game will probably be released early, broken, etc. I was wrong on the number of new hires, but this hiring trend has nothing to do with Funcom's health.
You are in lack of facts. Look up the thread Avery made on this (with attachments to Q3 finacial report)
FC made >2.5 Mill USD Net for Q3 last year.
Guided revenue for Q4 alone is expected to be 8-10 Mill USD. So they basically make what you think they will make over a full year in one Quarter. That have to be good news
FC still has 34 Mill cash in the bank.
Facts.
Wow.. ... just wow.. why not use 'platered inn' again buddy.
The 9M they are expected to report is REVENUES... Even with that 9M in REVENUES.. it is highly doubtful they will be profitable. Remember, the last time they reported REVENUES of 18M and a profit of only a few M.
Revenues is NOT profit. Revenues are total sales BEFORE expenses.
The last quarter was the ONLY quarter that Funcom was profitable for about 4 years, and that was mainly on the fact that they did some funcky accounting and added 6M of magic money.... and total profits was only by 2M. They lost far more than that in the first 6 months of the year.
You really need to look up the defintion of REVENUES again.
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
When a game loses over 2/3 of it's population right after launch, a 50% increase of the leftovers is nothing to brag about. And yeah, as said above, if you're somehow thinking Xfire indicates more people playing, rather than more people using Xfire ( perhaps the reason Xfire use has been encouraged on the official forums, nothing like stacking the numbers ), you need to re-evaluate.
As for employing more people, show us that noone left. I'm sure you have a link showing that these are indeed new positions and not just currently existing ones needing to be refilled due to people leaving.
Those that actually read the 3Q status report can see that cassflow is negative by 20 millions. In the current economic sitation cashflow is the key to survifing. Funcom is not in bad state considering they still have around 30 millions in funds to work with. But. they can not loose another 20 millions next quarter cause they will not be getting any loans and increasing stocks will not bring in any money at all. Actual assets are worth Zero in current market. If you have cash you can do something. If you dont or are heavily in depts then you can pretty much give up. Funcom is still fighting for their life. AOC will not save their life tho. Not even the XBOX version (if its still even coming out). Only chance for Funcom atm is to throw pretty much all their money into their next project and hope it will bring their stocks up again . Then maybe they will be able to lure more investors in buying new stocks to get more cash to rebuilt the company. AOC on the other hand. Thats something Funcom will try to keep alive but not spend any extra money on. That includes new content or expansions. Minimal team will be working on AOC for the next 1-2 years. Thats just something that everone needs to accept now. It would be foolish to spend 30 millions USD into saving something that has already failed. Then its better to use the same game engine on new name and hoping for a better outcome.
For Q3 Operating expences, FC had -12.7 Mill USD as well as Q3 financial items -3.2 Mill USD, that is -15.9 Mill USD in cost for Q3. How much did they make in Q3? Well it's in the report as well. They made 18.1 Mill, which basically increased their cash reserves from 30 something to 34 Mill USD (18.1-15.9 in a crude way). That is a positive cash flow of 3.2 Mill USD (not -20 like you say). Again let me stress that this is not my calculation, this is the report for Q3 (page 21 everyone)
FC had huge negative cashflow when they launched and made over 1 Mill boxes in Q2. FCs cash reserves got reduced from about 50 Mill USD to about 30 something Mill USD. This is something you can call a -20 Mill USD negative cash flow. But here is the thing, that was a one time huge expence. Those -20 Mill USD was the cost of the 1 Mill boxes all those nifty adds and gadgets we could we saw back in launch. That has nothing to do with the daily expences related to operation of the game. The number you need to look at is -15.9 Mill above. And you have to ask yourself, how much of that will we see for Q4. This is the real question. Will we see more, less, much less....??? Well, I would guess that we will see much less as FC pretty confidently seem to hire new people. We already know by the guiding that revenue will be +10 Mill-ish, so this should not look too bad. We will know the 23rd of Feb.
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
see here you are making assumptions again, first you confuse XFire numbers with population numbers and we all know that fans made threads trying to boost the XFire numbers so they don't mean shit from here on out and then you confuse hiring people as to mean that they are increasing the staff. Like I keep pointing out those three positons that are open could be becasue three people decided to go elsewhere.
You are right. It could be that these 3 positions are just a replacement for layed off staff. I assuming that bit, but hey, we need to talk about something.
Those that actually read the 3Q status report can see that cassflow is negative by 20 millions. In the current economic sitation cashflow is the key to survifing. Funcom is not in bad state considering they still have around 30 millions in funds to work with. But. they can not loose another 20 millions next quarter cause they will not be getting any loans and increasing stocks will not bring in any money at all. Actual assets are worth Zero in current market. If you have cash you can do something. If you dont or are heavily in depts then you can pretty much give up. Funcom is still fighting for their life. AOC will not save their life tho. Not even the XBOX version (if its still even coming out). Only chance for Funcom atm is to throw pretty much all their money into their next project and hope it will bring their stocks up again . Then maybe they will be able to lure more investors in buying new stocks to get more cash to rebuilt the company. AOC on the other hand. Thats something Funcom will try to keep alive but not spend any extra money on. That includes new content or expansions. Minimal team will be working on AOC for the next 1-2 years. Thats just something that everone needs to accept now. It would be foolish to spend 30 millions USD into saving something that has already failed. Then its better to use the same game engine on new name and hoping for a better outcome.
For Q3 Operating expences, FC had -12.7 Mill USD as well as Q3 financial items -3.2 Mill USD, that is -15.9 Mill USD in cost for Q3. How much did they make in Q3? Well it's in the report as well. They made 18.1 Mill, which basically increased their cash reserves from 30 something to 34 Mill USD (18.1-15.9 in a crude way). That is a positive cash flow of 3.2 Mill USD (not -20 like you say). Again let me stress that this is not my calculation, this is the report for Q3 (page 21 everyone)
FC had huge negative cashflow when they launched and made over 1 Mill boxes in Q2. FCs cash reserves got reduced from about 50 Mill USD to about 30 something Mill USD. This is something you can call a -20 Mill USD negative cash flow. But here is the thing, that was a one time huge expence. Those -20 Mill USD was the cost of the 1 Mill boxes all those nifty adds and gadgets we could we saw back in launch. That has nothing to do with the daily expences related to operation of the game. The number you need to look at is -15.9 Mill above. And you have to ask yourself, how much of that will we see for Q4. This is the real question. Will we see more, less, much less....??? Well, I would guess that we will see much less as FC pretty confidently seem to hire new people. We already know by the guiding that revenue will be +10 Mill-ish, so this should not look too bad. We will know the 23rd of Feb.
Wrong again read what I wrote they had a negative 20 million cash flows per thier cash flows statement LAST QUARTER ......meaning they lost 2/5ths of their money in Q3........so I predict 6 months before they go into debt...well a bit over 3 months now! Funcom stated it would take a year but they lie all the time just like many of their fan base does.
Whoever says they made a profit last quarter is on something or has no idea what they are talking about.
Look I am intersted in Funcom, they are an evil company, they do deceptive and unethical business practices, they make up financialaccounting numbers, their main office is a sweat shop, thier producs AoC, was just plain bad and inferior to any other MMO on the market.
So I'm interested inhow long such an evil company can last...........and it had been prooven on another forum that AoC employees and a few fans are supporting this game with multiple accounts. so it's silly how far they are willing to go for suchan EMPTY game. Ya right, anyone cares about the bug fixes when theyaresitting at 80 with nothing to do, get real.
I would be shocked if more than 50k people played this it was 100k last quarter and 6 month subs lapsed, and then people hitlevel 80 w/ nothing to do, most probably did not stay. Using a conversion ratio with Warhammer and AoC supports 50k , with out factoring in how fans are being deceptive by using X fire just to boost numbers.
So my guess is 50k players! it makes sense most people playing know 20 other people left per active player.
EDIT: BTW stop posting financials you proved so many times in this thread that you don't under stand them nor basic math...it's embaressingme because your probably an american.
AmazingAveryAge of Conan AdvocateMemberUncommonPosts: 7,188
Originally posted by finaticd
so I predict 6 months before they go into debt...well a bit over 3 months now!
Heard that before every month since release. Oh look still around, still hiring people, still making the game better and better. Come the 23rd I bet your going to put up a long thread dissertation on the demise of the company because of some BoA credentials and a skewed bias preposition opinon? Here is one fact for you mate - every single time over the past few years that people have doing this, nothing, nothing at all they predict happens.
Course it is fun to play with numbers, but the reality is FC, as much as you detest them won't go down in flames and I can understand how that may be upsetting. Even people with a different outlook and non bias with better credential can't give any form of accurate accountability, just opinions and there is nothing wrong with that.
They had 50 million dollars 2 quarters ago, then at the end of last quarter they had 30 million. FC LOST 20 MILLION DOLLARS USD IN 3 MONTHS (JULY-SEPT)
sorry if you believe the lies that they made 3k dollars, inner city public school? If you work for them, bounce.
FC themselves said they only have a year left in Q3.............which was a lie...less they are going into debt.
BOTTOM LINE
btw bottom line means profit not income/revenue which was confused earlier in this thread.
FC is not doing fine so the head line is a lie or just negligence/ignorance!
AmazingAveryAge of Conan AdvocateMemberUncommonPosts: 7,188
Originally posted by finaticd
They had 50 million dollars 2 quarters ago, then at the end of last quarter they had 30 million. FC LOST 20 MILLION DOLLARS USD IN 3 MONTHS (JULY-SEPT) sorry if you believe the lies that they made 3k dollars, inner city public school? If you work for them, bounce. FC themselves said they only have a year left in Q3.............which was a lie...less they are going into debt.
BOTTOM LINE btw bottom line means profit not income/revenue which was confused earlier in this thread. FC is not doing fine so the head line is a lie or just negligence/ignorance! { Mod Edit }
$36 million in the bank in Cash is still there But like I said have your opinion on the apparent financial crisis that FC has, it's stock value and such a crap game if it makes you sleep at night. Simple fact is over the past two years on these very boards people come and people go, some like to leave all their workings out which spell doom but the company is still here. Funcom was founded in 1993 and is still around, longeivity makes for good and trusted business.
You can all the theory you want but experience outweighs all of that in real life.
Well stating the same fact over and over, three times in a thread while other people just make up stuff that is false irritates me. My English is proper and fine.
Also,that was perfectly acceptable Internet forum writing.
Losing 20 million dollars in a quarter and pretening to make 3million is silly. They do have 30 million but for how long? They did not cut the most expensive staff andthey are now hiring.
300 employees times 5,000 USD (Exec salleries skew the curveup)per month
4.5 million per quarter at least...Norway is expensive Add server costs, building costs, etc and that 10 million projected profit will go negative.
*SPOILER* Funcom borrowed cash to make themselves look profitable last quarter to raise the stock price.While losing 20 million dollars in cash.
$36 million in the bank in Cash is still there But like I said have your opinion on the apparent financial crisis that FC has, it's stock value and such a crap game if it makes you sleep at night. Simple fact is over the past two years on these very boards people come and people go, some like to leave all their workings out which spell doom but the company is still here. Funcom was founded in 1993 and is still around, longeivity makes for good and trusted business. You can all the theory you want but experience outweighs all of that in real life. { Mod Edit }
As for FC's longevity, Single Player PC games and Cell Phone games** are what's kept their doors open (The Longest Journey, and it's sequel, both sold very well), they have failed at MMOs 2 for 2, it's not how they make their money. And I haven't seen any news of them developing another Single Player PC game.
** They sold that divison just prior to AoC launch, wonder if they are wishing they hadn't
Oh I am sorry I didn't realise it was free to launch an mmorpg and didn't require a marketing budget which is clearly stated.
Ah! right, Avery, your the person the other person alluded to that botched the financial analysis up for Q3 and mislead someone in this thread to believe that AoC made 3 mill profit...I have not had a chance to peruse your work but I will wait for Q4, so don't mess up.
BTW I have been following Funcom and AoC closely since release so throw your superiority complex out the window as it seems you choose the proverbial "dark side."
For a Q analysist you must be aware that Funcom is in the midst of an advertising campaign suposedly bigger than Q3's so if your thesis is on target then Funcom will spen more this quarter than the 20 mil they lost last quarter, 30 mil? that puts them out of business.
In keeping with Funcom's evilness, the reason I am here is because I nailed either a fan or employee, most likely the later using multiple accounts to argue against me incorrectly. (A new account after being backed by a regular user over 9 mos, said "he told me before that you can't hit 80 in 5 days") - he never told me before being a new user and 5 days was easy when I played.
So I suspect they are spending less to bombard the forums with positive experiences, thus spending less. Either way I give them 4 or so months before debts are incurred and the Secrete World is released early and broken or sold and kills the company.
AmazingAveryAge of Conan AdvocateMemberUncommonPosts: 7,188
Originally posted by finaticd
Originally posted by AmazingAvery
Oh I am sorry I didn't realise it was free to launch an mmorpg and didn't require a marketing budget which is clearly stated.
Ah! right, Avery, your the person the other person alluded to that botched the financial analysis up for Q3 and mislead someone in this thread to believe that AoC made 3 mill profit...I have not had a chance to peruse your work but I will wait for Q4, so don't mess up.
BTW I have been following Funcom and AoC closely since release so throw your superiority complex out the window as it seems you choose the proverbial "dark side."
For a Q analysist you must be aware that Funcom is in the midst of an advertising campaign suposedly bigger than Q3's so if your thesis is on target then Funcom will spen more this quarter than the 20 mil they lost last quarter, 30 mil? that puts them out of business.
In keeping with Funcom's evilness, the reason I am here is because I nailed either a fan or employee, most likely the later using multiple accounts to argue against me incorrectly. (A new account after being backed by a regular user over 9 mos, said "he told me before that you can't hit 80 in 5 days") - he never told me before being a new user and 5 days was easy when I played.
So I suspect they are spending less to bombard the forums with positive experiences, thus spending less. Either way I give them 4 or so months before debts are incurred and the Secrete World is released early and broken or sold and kills the company.
Actually I posted the actual report and no real analysis - for me the game has a decent population on my server since launch and I can't see that changing anytime soon. The most important thing is if you like the game then play it. All the misleading was done by amateurs and wanna be financial professionals and they are always way WAY off the mark. You know it is all there in black and white.
I must say that hate can't be healthy and it seems you have a lot bottled up. I never understand why it is always the people that don't play the game or never played who are so eager to misinform readers with "facts" as "predictions" every quarter, it is often these folks who think that it is ok to push misinformation, using superiority complex you speak off - that is just wrong. I mean does it really bother them that much when they have no ties with the game, I can never get the point..
Well stating the same fact over and over, three times in a thread while other people just make up stuff that is false irritates me. My English is proper and fine. Also,that was perfectly acceptable Internet forum writing.
Losing 20 million dollars in a quarter and pretening to make 3million is silly. They do have 30 million but for how long? They did not cut the most expensive staff andthey are now hiring. 300 employees times 5,000 USD (Exec salleries skew the curveup)per month 4.5 million per quarter at least...Norway is expensive Add server costs, building costs, etc and that 10 million projected profit will go negative.
*SPOILER* Funcom borrowed cash to make themselves look profitable last quarter to raise the stock price.While losing 20 million dollars in cash.
Sorry, you are confusing the quarters. Read up please and then attach us the proof. FC increased their cash reserves from 30 Mill USD to 34 Mill USD last quarter.
NOW, LET ME WRITE THIS IN CAPITAL LETTERS SO YOU DON'T FORGET. PLEASE LINK IN THE PROOF.
Nah I never get emotional over anything. Though in reality I have been following Edios who hooked up with Funcom after the gamespot firing and false advertising of 5 star game reviews for KnL.
Is silly the two most misleading game companies hooking up. Though I do suspect the wrongs embeded in FC will destroy it unless acted upon by another force.
If Funcom does fall, you can read about it in the case study in any business ethics text book thanks to me ; )
Nah I never get emotional over anything. Though in reality I have been following Edios who hooked up with Funcom after the gamespot firing and false advertising of 5 star game reviews for KnL. Is silly the two most misleading game companies hooking up. Though I do suspect the wrongs embeded in FC will destroy it unless acted upon by another force. If Funcom does fall, you can read about it in the case study in any business ethics text book thanks to me ; ) Very evil company, very interesting.
lol... dude, you are scary.. Velly intelesting..
AmazingAveryAge of Conan AdvocateMemberUncommonPosts: 7,188
Originally posted by finaticd
Nah I never get emotional over anything. Though in reality I have been following Edios who hooked up with Funcom after the gamespot firing and false advertising of 5 star game reviews for KnL. Is silly the two most misleading game companies hooking up. Though I do suspect the wrongs embeded in FC will destroy it unless acted upon by another force. If Funcom does fall, you can read about it in the case study in any business ethics text book thanks to me ; ) Very evil company, very interesting.
Simple fact is the quartly report will be out on Feb 23rd and will give better indication to your questions. It seems your mind is made up anyway.
Your wrong about Eidos and Funcom though. Co-publishing agreement was signed 14 months before the gamespot incident which has nothing to do with Funcom, which makes me think that you will say anything that relates to your feeling at the moment whether right or wrong.
Nah I proved they lost 20 million last quarter even thogh they showed a fake 3 mil profit.
It would be your job to prove they made 3 mil, but you would have to find an extra 20 mil, I'm not Funcom so I tend to not make up numbers...suprised no one noticed that 20 mil cash leakage last quarter.
Also, imo most of the reserve cash will go for Secrete World as AoC seems dead.
Here is the BGM matrix...AoC is a Dog....so further extrapolation means do not invest any more $$$ into AoC, which they have not really, probably 7-10 staff still work on it......the expansion is another story....but focusing on an expansion over a broken game was a bad business decision IMO.
Fact Check: NORWAYS UNEMPLOYMENT IS 2.6 PERCENT!!!!!!!!! So no the economy in Norway is not hurting much, more spin. http://www.iht.com/articles/ap/2009/01/29/business/EU-Nordics-Unemployment.php Compare to almost 8% in USA. So a company in an industry supposedly unaffected by the recession in a country unaffected by the recession is hiring? And exactly how is Norway unaffected by the recession? We are very much affected by it, maybe not as bad as the US yet, but we have started seeing the recession here. Since December 2008 lots of companies have been cutting down on production and people have lost their jobs. due to the fact people don't buy as much as they used too. Banks are more careful with loaning money to companies and people and this also hurts the industry. By looking at % of unemployment alone, you will not get the full picture. I know people who still have a job, but they only work 50% or less so the company can save money and hopefully survive the recession. These people aren't unemployed and that way of cutting down production is common in Norway. Lot's of carpenters, electricians, plumbers etc already have this situation where they still have their job at the paper, but they are not working at a daily basis. By not having people at work companies saves loads of money, and once times gets better these people can go straight into work again. None of these people are unemployed, but in worst case the % of unemployed in Norway can rise a lot and fast if all these people actually loose their jobs. The gaming industry is also fully affected by the recessions, if they were not you wouldn't see EA kicking over 1000 employee's and stopping certain games in developement. Funcom laid off some Q&A in the US which are normal considering launch is over and these ain't needed. Eidos, EA and other mayor publishers and developers have been laying off people to cut down on costs's as when people's economy starts going down less new games is being sold. However, I went one step further and showed you the type of working conditions to expect in Funcom's Norway office, which happen to be sweat shop conditions per the Norway press and very much on topic. Look if you want good news about Funcom, tell them to change the way they do business or boycot them. The case with those working conditions was popular in the newspapers some months back, funny thing all the speculations about those working conditions have more or less stopped, and also the situation described was happening before launch. Funcom have said they have been improving the working conditions and it has been silent in media about it, so who know's maybe they actually have done it? If it was just as bad still you would bet your ass on that some gruntled employee would go to the press.
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
The economy cant hurt a game that is already dead lol.
That is true, but you have to admit pretty impressive of a dead game to still be alive then and increasing.
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
Nah I proved they lost 20 million last quarter even thogh they showed a fake 3 mil profit. It would be your job to prove they made 3 mil, but you would have to find an extra 20 mil, I'm not Funcom so I tend to not make up numbers...suprised no one noticed that 20 mil cash leakage last quarter.
Also, imo most of the reserve cash will go for Secrete World as AoC seems dead. Here is the BGM matrix...AoC is a Dog....so further extrapolation means do not invest any more $$$ into AoC, which they have not really, probably 7-10 staff still work on it......the expansion is another story....but focusing on an expansion over a broken game was a bad business decision IMO. http://www.netmba.com/strategy/matrix/bcg/
Dude, nobody else noticed??? We are telling you YOU ARE WRONG!!! And we are still waiting on you trying to prove the opposite. All you have to do is to link us to your magic material so we can understand what you misunderstand.
Cashstatement for Q3, states Cash reserves increased from 30 Mill to 34 Mill. There are no aditional levels to this. This is increased amount of money in the bank (while P&L statement show why, which is due to Net profit).
PROOF!! Link in your reference and stop blowing smoke by linking in obscure BS MBA 101 material. WE WANT TO SEE THE CASHSTATEMENT YOU REFER TO! lol
Nah I proved they lost 20 million last quarter even thogh they showed a fake 3 mil profit. It would be your job to prove they made 3 mil, but you would have to find an extra 20 mil, I'm not Funcom so I tend to not make up numbers...suprised no one noticed that 20 mil cash leakage last quarter.
Also, imo most of the reserve cash will go for Secrete World as AoC seems dead. Here is the BGM matrix...AoC is a Dog....so further extrapolation means do not invest any more $$$ into AoC, which they have not really, probably 7-10 staff still work on it......the expansion is another story....but focusing on an expansion over a broken game was a bad business decision IMO. http://www.netmba.com/strategy/matrix/bcg/
Dude, nobody else noticed??? We are telling you YOU ARE WRONG!!! And we are still waiting on you trying to prove the opposite. All you have to do is to link us to your magic material so we can understand what you misunderstand.
Cashstatement for Q3, states Cash reserves increased from 30 Mill to 34 Mill. There are no aditional levels to this. This is increased amount of money in the bank (while P&L statement show why, which is due to Net profit).
PROOF!! Link in your reference and stop blowing smoke by linking in obscure BS MBA 101 material. WE WANT TO SEE THE CASHSTATEMENT YOU REFER TO! lol
Dude clearly if cash reserves increased to 34 mill from 30 mill they did loose money.....
He's nothing but a common troll in the crowd, trying to pretend he knows better then the rest
I wouldn't pay attention to what he says, because he wouldn't be able to see the truth if it jumped up and smacked him in the face.
Playing: Battlefield - Bad company (Xbox360) Arma2, DFO (PC) On my radar: TSW, MO MMO's played: SWG (pre cu/cu), WoW, AoC, WAR, DFO, Planetside MMO's that I have tested: Lotro, L2, Aion, Ryzom
Nah I proved they lost 20 million last quarter even thogh they showed a fake 3 mil profit. It would be your job to prove they made 3 mil, but you would have to find an extra 20 mil, I'm not Funcom so I tend to not make up numbers...suprised no one noticed that 20 mil cash leakage last quarter.
Also, imo most of the reserve cash will go for Secrete World as AoC seems dead. Here is the BGM matrix...AoC is a Dog....so further extrapolation means do not invest any more $$$ into AoC, which they have not really, probably 7-10 staff still work on it......the expansion is another story....but focusing on an expansion over a broken game was a bad business decision IMO. http://www.netmba.com/strategy/matrix/bcg/
Dude, nobody else noticed??? We are telling you YOU ARE WRONG!!! And we are still waiting on you trying to prove the opposite. All you have to do is to link us to your magic material so we can understand what you misunderstand.
Cashstatement for Q3, states Cash reserves increased from 30 Mill to 34 Mill. There are no aditional levels to this. This is increased amount of money in the bank (while P&L statement show why, which is due to Net profit).
PROOF!! Link in your reference and stop blowing smoke by linking in obscure BS MBA 101 material. WE WANT TO SEE THE CASHSTATEMENT YOU REFER TO! lol
Conza.. go to the 3rd quarter report.
Go to the section called ' cash flow statement' Find these lines
Cash and Cash Equivalents beginning of period = 52.3M
Cash and Cash Equivalents end of period = 34.7M
The company lost 18M in cashflow in the 3rd quarter. I don't know why you keep saying this 30M number...Funcoms own financial statement says they had 52M to start the quarter, not 30M. Nice try though... posting numbers and hoping nobody notices they are made up.
Comments
You are in lack of facts. Look up the thread Avery made on this (with attachments to Q3 finacial report)
FC made >2.5 Mill USD Net for Q3 last year.
Guided revenue for Q4 alone is expected to be 8-10 Mill USD. So they basically make what you think they will make over a full year in one Quarter. That have to be good news
FC still has 34 Mill cash in the bank.
Facts.
Wow.. ... just wow.. why not use 'platered inn' again buddy.
The 9M they are expected to report is REVENUES... Even with that 9M in REVENUES.. it is highly doubtful they will be profitable. Remember, the last time they reported REVENUES of 18M and a profit of only a few M.
Revenues is NOT profit. Revenues are total sales BEFORE expenses.
The last quarter was the ONLY quarter that Funcom was profitable for about 4 years, and that was mainly on the fact that they did some funcky accounting and added 6M of magic money.... and total profits was only by 2M. They lost far more than that in the first 6 months of the year.
You really need to look up the defintion of REVENUES again.
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
see here you are making assumptions again, first you confuse XFire numbers with population numbers and we all know that fans made threads trying to boost the XFire numbers so they don't mean shit from here on out and then you confuse hiring people as to mean that they are increasing the staff. Like I keep pointing out those three positons that are open could be becasue three people decided to go elsewhere.
I miss DAoC
You are in lack of facts. Look up the thread Avery made on this (with attachments to Q3 finacial report)
FC made >2.5 Mill USD Net for Q3 last year.
Guided revenue for Q4 alone is expected to be 8-10 Mill USD. So they basically make what you think they will make over a full year in one Quarter. That have to be good news
FC still has 34 Mill cash in the bank.
Facts.
Wow.. ... just wow.. why not use 'platered inn' again buddy.
The 9M they are expected to report is REVENUES... Even with that 9M in REVENUES.. it is highly doubtful they will be profitable. Remember, the last time they reported REVENUES of 18M and a profit of only a few M.
Revenues is NOT profit. Revenues are total sales BEFORE expenses.
The last quarter was the ONLY quarter that Funcom was profitable for about 4 years, and that was mainly on the fact that they did some funcky accounting and added 6M of magic money.... and total profits was only by 2M. They lost far more than that in the first 6 months of the year.
You really need to look up the defintion of REVENUES again.
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
When a game loses over 2/3 of it's population right after launch, a 50% increase of the leftovers is nothing to brag about. And yeah, as said above, if you're somehow thinking Xfire indicates more people playing, rather than more people using Xfire ( perhaps the reason Xfire use has been encouraged on the official forums, nothing like stacking the numbers ), you need to re-evaluate.
As for employing more people, show us that noone left. I'm sure you have a link showing that these are indeed new positions and not just currently existing ones needing to be refilled due to people leaving.
No offense, but you need to look on page 21 in the report you try to quote. You are way off and I think you confuse negative cashflow with operating cost and so on www.funcom.com/funcom/frontend/files/CONTENT/Funcom_Q308_presentation_2912.pdf.
For Q3 Operating expences, FC had -12.7 Mill USD as well as Q3 financial items -3.2 Mill USD, that is -15.9 Mill USD in cost for Q3. How much did they make in Q3? Well it's in the report as well. They made 18.1 Mill, which basically increased their cash reserves from 30 something to 34 Mill USD (18.1-15.9 in a crude way). That is a positive cash flow of 3.2 Mill USD (not -20 like you say). Again let me stress that this is not my calculation, this is the report for Q3 (page 21 everyone)
FC had huge negative cashflow when they launched and made over 1 Mill boxes in Q2. FCs cash reserves got reduced from about 50 Mill USD to about 30 something Mill USD. This is something you can call a -20 Mill USD negative cash flow. But here is the thing, that was a one time huge expence. Those -20 Mill USD was the cost of the 1 Mill boxes all those nifty adds and gadgets we could we saw back in launch. That has nothing to do with the daily expences related to operation of the game. The number you need to look at is -15.9 Mill above. And you have to ask yourself, how much of that will we see for Q4. This is the real question. Will we see more, less, much less....??? Well, I would guess that we will see much less as FC pretty confidently seem to hire new people. We already know by the guiding that revenue will be +10 Mill-ish, so this should not look too bad. We will know the 23rd of Feb.
I read all this before, posted by a profile called Azrile. But hey, repeat it one more time. It woun't make the tale more true. I also remembered how naysayers would say FC will be bankrupt by Dec 2008. And yet we are all here discussing patch 1.04 for next week, how population have increased 50% since the holidays, while FC are employing more people. I know, it has to be annoying. Right?
see here you are making assumptions again, first you confuse XFire numbers with population numbers and we all know that fans made threads trying to boost the XFire numbers so they don't mean shit from here on out and then you confuse hiring people as to mean that they are increasing the staff. Like I keep pointing out those three positons that are open could be becasue three people decided to go elsewhere.
You are right. It could be that these 3 positions are just a replacement for layed off staff. I assuming that bit, but hey, we need to talk about something.
No offense, but you need to look on page 21 in the report you try to quote. You are way off and I think you confuse negative cashflow with operating cost and so on www.funcom.com/funcom/frontend/files/CONTENT/Funcom_Q308_presentation_2912.pdf.
For Q3 Operating expences, FC had -12.7 Mill USD as well as Q3 financial items -3.2 Mill USD, that is -15.9 Mill USD in cost for Q3. How much did they make in Q3? Well it's in the report as well. They made 18.1 Mill, which basically increased their cash reserves from 30 something to 34 Mill USD (18.1-15.9 in a crude way). That is a positive cash flow of 3.2 Mill USD (not -20 like you say). Again let me stress that this is not my calculation, this is the report for Q3 (page 21 everyone)
FC had huge negative cashflow when they launched and made over 1 Mill boxes in Q2. FCs cash reserves got reduced from about 50 Mill USD to about 30 something Mill USD. This is something you can call a -20 Mill USD negative cash flow. But here is the thing, that was a one time huge expence. Those -20 Mill USD was the cost of the 1 Mill boxes all those nifty adds and gadgets we could we saw back in launch. That has nothing to do with the daily expences related to operation of the game. The number you need to look at is -15.9 Mill above. And you have to ask yourself, how much of that will we see for Q4. This is the real question. Will we see more, less, much less....??? Well, I would guess that we will see much less as FC pretty confidently seem to hire new people. We already know by the guiding that revenue will be +10 Mill-ish, so this should not look too bad. We will know the 23rd of Feb.
Wrong again read what I wrote they had a negative 20 million cash flows per thier cash flows statement LAST QUARTER ......meaning they lost 2/5ths of their money in Q3........so I predict 6 months before they go into debt...well a bit over 3 months now! Funcom stated it would take a year but they lie all the time just like many of their fan base does.
Whoever says they made a profit last quarter is on something or has no idea what they are talking about.
Look I am intersted in Funcom, they are an evil company, they do deceptive and unethical business practices, they make up financialaccounting numbers, their main office is a sweat shop, thier producs AoC, was just plain bad and inferior to any other MMO on the market.
So I'm interested inhow long such an evil company can last...........and it had been prooven on another forum that AoC employees and a few fans are supporting this game with multiple accounts. so it's silly how far they are willing to go for suchan EMPTY game. Ya right, anyone cares about the bug fixes when theyaresitting at 80 with nothing to do, get real.
I would be shocked if more than 50k people played this it was 100k last quarter and 6 month subs lapsed, and then people hitlevel 80 w/ nothing to do, most probably did not stay. Using a conversion ratio with Warhammer and AoC supports 50k , with out factoring in how fans are being deceptive by using X fire just to boost numbers.
So my guess is 50k players! it makes sense most people playing know 20 other people left per active player.
EDIT: BTW stop posting financials you proved so many times in this thread that you don't under stand them nor basic math...it's embaressingme because your probably an american.
Funcom has reviewed all of its assets relevant for
impairment testing. This process has led to
recognition of an impairment loss of around
3,1 MUSD for Age of Conan due to a decrease in
numbers of subscribers for the game. Funcom Q4 10 report.
http://forums.ageofconan.com/showpost.php?p=2926123&postcount=7 500 mains/alts on Tyranny in past 30 days - instead of merge servers let's open a new PvP server, again! http://forums-eu.ageofconan.com/showthread.php?t=106427
Heard that before every month since release. Oh look still around, still hiring people, still making the game better and better. Come the 23rd I bet your going to put up a long thread dissertation on the demise of the company because of some BoA credentials and a skewed bias preposition opinon? Here is one fact for you mate - every single time over the past few years that people have doing this, nothing, nothing at all they predict happens.
Course it is fun to play with numbers, but the reality is FC, as much as you detest them won't go down in flames and I can understand how that may be upsetting. Even people with a different outlook and non bias with better credential can't give any form of accurate accountability, just opinions and there is nothing wrong with that.
They had 50 million dollars 2 quarters ago, then at the end of last quarter they had 30 million. FC LOST 20 MILLION DOLLARS USD IN 3 MONTHS (JULY-SEPT)
sorry if you believe the lies that they made 3k dollars, inner city public school? If you work for them, bounce.
FC themselves said they only have a year left in Q3.............which was a lie...less they are going into debt.
BOTTOM LINE
btw bottom line means profit not income/revenue which was confused earlier in this thread.
FC is not doing fine so the head line is a lie or just negligence/ignorance!
{ Mod Edit }
Funcom has reviewed all of its assets relevant for
impairment testing. This process has led to
recognition of an impairment loss of around
3,1 MUSD for Age of Conan due to a decrease in
numbers of subscribers for the game. Funcom Q4 10 report.
http://forums.ageofconan.com/showpost.php?p=2926123&postcount=7 500 mains/alts on Tyranny in past 30 days - instead of merge servers let's open a new PvP server, again! http://forums-eu.ageofconan.com/showthread.php?t=106427
$36 million in the bank in Cash is still there
But like I said have your opinion on the apparent financial crisis that FC has, it's stock value and such a crap game if it makes you sleep at night. Simple fact is over the past two years on these very boards people come and people go, some like to leave all their workings out which spell doom but the company is still here. Funcom was founded in 1993 and is still around, longeivity makes for good and trusted business.
You can all the theory you want but experience outweighs all of that in real life.
{ Mod Edit }
Well stating the same fact over and over, three times in a thread while other people just make up stuff that is false irritates me. My English is proper and fine.
Also,that was perfectly acceptable Internet forum writing.
Losing 20 million dollars in a quarter and pretening to make 3million is silly. They do have 30 million but for how long? They did not cut the most expensive staff andthey are now hiring.
300 employees times 5,000 USD (Exec salleries skew the curveup)per month
4.5 million per quarter at least...Norway is expensive Add server costs, building costs, etc and that 10 million projected profit will go negative.
*SPOILER* Funcom borrowed cash to make themselves look profitable last quarter to raise the stock price.While losing 20 million dollars in cash.
Funcom has reviewed all of its assets relevant for
impairment testing. This process has led to
recognition of an impairment loss of around
3,1 MUSD for Age of Conan due to a decrease in
numbers of subscribers for the game. Funcom Q4 10 report.
http://forums.ageofconan.com/showpost.php?p=2926123&postcount=7 500 mains/alts on Tyranny in past 30 days - instead of merge servers let's open a new PvP server, again! http://forums-eu.ageofconan.com/showthread.php?t=106427
Oh I am sorry I didn't realise it was free to launch an mmorpg and didn't require a marketing budget which is clearly stated.
As for FC's longevity, Single Player PC games and Cell Phone games** are what's kept their doors open (The Longest Journey, and it's sequel, both sold very well), they have failed at MMOs 2 for 2, it's not how they make their money. And I haven't seen any news of them developing another Single Player PC game.
** They sold that divison just prior to AoC launch, wonder if they are wishing they hadn't
{ Mod Edit }
Ah! right, Avery, your the person the other person alluded to that botched the financial analysis up for Q3 and mislead someone in this thread to believe that AoC made 3 mill profit...I have not had a chance to peruse your work but I will wait for Q4, so don't mess up.
BTW I have been following Funcom and AoC closely since release so throw your superiority complex out the window as it seems you choose the proverbial "dark side."
For a Q analysist you must be aware that Funcom is in the midst of an advertising campaign suposedly bigger than Q3's so if your thesis is on target then Funcom will spen more this quarter than the 20 mil they lost last quarter, 30 mil? that puts them out of business.
In keeping with Funcom's evilness, the reason I am here is because I nailed either a fan or employee, most likely the later using multiple accounts to argue against me incorrectly. (A new account after being backed by a regular user over 9 mos, said "he told me before that you can't hit 80 in 5 days") - he never told me before being a new user and 5 days was easy when I played.
So I suspect they are spending less to bombard the forums with positive experiences, thus spending less. Either way I give them 4 or so months before debts are incurred and the Secrete World is released early and broken or sold and kills the company.
Funcom has reviewed all of its assets relevant for
impairment testing. This process has led to
recognition of an impairment loss of around
3,1 MUSD for Age of Conan due to a decrease in
numbers of subscribers for the game. Funcom Q4 10 report.
http://forums.ageofconan.com/showpost.php?p=2926123&postcount=7 500 mains/alts on Tyranny in past 30 days - instead of merge servers let's open a new PvP server, again! http://forums-eu.ageofconan.com/showthread.php?t=106427
Ah! right, Avery, your the person the other person alluded to that botched the financial analysis up for Q3 and mislead someone in this thread to believe that AoC made 3 mill profit...I have not had a chance to peruse your work but I will wait for Q4, so don't mess up.
BTW I have been following Funcom and AoC closely since release so throw your superiority complex out the window as it seems you choose the proverbial "dark side."
For a Q analysist you must be aware that Funcom is in the midst of an advertising campaign suposedly bigger than Q3's so if your thesis is on target then Funcom will spen more this quarter than the 20 mil they lost last quarter, 30 mil? that puts them out of business.
In keeping with Funcom's evilness, the reason I am here is because I nailed either a fan or employee, most likely the later using multiple accounts to argue against me incorrectly. (A new account after being backed by a regular user over 9 mos, said "he told me before that you can't hit 80 in 5 days") - he never told me before being a new user and 5 days was easy when I played.
So I suspect they are spending less to bombard the forums with positive experiences, thus spending less. Either way I give them 4 or so months before debts are incurred and the Secrete World is released early and broken or sold and kills the company.
Actually I posted the actual report and no real analysis - for me the game has a decent population on my server since launch and I can't see that changing anytime soon. The most important thing is if you like the game then play it. All the misleading was done by amateurs and wanna be financial professionals and they are always way WAY off the mark. You know it is all there in black and white.
I must say that hate can't be healthy and it seems you have a lot bottled up. I never understand why it is always the people that don't play the game or never played who are so eager to misinform readers with "facts" as "predictions" every quarter, it is often these folks who think that it is ok to push misinformation, using superiority complex you speak off - that is just wrong. I mean does it really bother them that much when they have no ties with the game, I can never get the point..
Sorry, you are confusing the quarters. Read up please and then attach us the proof. FC increased their cash reserves from 30 Mill USD to 34 Mill USD last quarter.
NOW, LET ME WRITE THIS IN CAPITAL LETTERS SO YOU DON'T FORGET. PLEASE LINK IN THE PROOF.
Nah I never get emotional over anything. Though in reality I have been following Edios who hooked up with Funcom after the gamespot firing and false advertising of 5 star game reviews for KnL.
Is silly the two most misleading game companies hooking up. Though I do suspect the wrongs embeded in FC will destroy it unless acted upon by another force.
If Funcom does fall, you can read about it in the case study in any business ethics text book thanks to me ; )
Very evil company, very interesting.
Funcom has reviewed all of its assets relevant for
impairment testing. This process has led to
recognition of an impairment loss of around
3,1 MUSD for Age of Conan due to a decrease in
numbers of subscribers for the game. Funcom Q4 10 report.
http://forums.ageofconan.com/showpost.php?p=2926123&postcount=7 500 mains/alts on Tyranny in past 30 days - instead of merge servers let's open a new PvP server, again! http://forums-eu.ageofconan.com/showthread.php?t=106427
lol... dude, you are scary..
Velly intelesting..
Simple fact is the quartly report will be out on Feb 23rd and will give better indication to your questions. It seems your mind is made up anyway.
Your wrong about Eidos and Funcom though. Co-publishing agreement was signed 14 months before the gamespot incident which has nothing to do with Funcom, which makes me think that you will say anything that relates to your feeling at the moment whether right or wrong.
Nah I proved they lost 20 million last quarter even thogh they showed a fake 3 mil profit.
It would be your job to prove they made 3 mil, but you would have to find an extra 20 mil, I'm not Funcom so I tend to not make up numbers...suprised no one noticed that 20 mil cash leakage last quarter.
Also, imo most of the reserve cash will go for Secrete World as AoC seems dead.
Here is the BGM matrix...AoC is a Dog....so further extrapolation means do not invest any more $$$ into AoC, which they have not really, probably 7-10 staff still work on it......the expansion is another story....but focusing on an expansion over a broken game was a bad business decision IMO.
http://www.netmba.com/strategy/matrix/bcg/
Funcom has reviewed all of its assets relevant for
impairment testing. This process has led to
recognition of an impairment loss of around
3,1 MUSD for Age of Conan due to a decrease in
numbers of subscribers for the game. Funcom Q4 10 report.
http://forums.ageofconan.com/showpost.php?p=2926123&postcount=7 500 mains/alts on Tyranny in past 30 days - instead of merge servers let's open a new PvP server, again! http://forums-eu.ageofconan.com/showthread.php?t=106427
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
The economy cant hurt a game that is already dead lol.
That is true, but you have to admit pretty impressive of a dead game to still be alive then and increasing.
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
Dude, nobody else noticed??? We are telling you YOU ARE WRONG!!! And we are still waiting on you trying to prove the opposite. All you have to do is to link us to your magic material so we can understand what you misunderstand.
Cashstatement for Q3, states Cash reserves increased from 30 Mill to 34 Mill. There are no aditional levels to this. This is increased amount of money in the bank (while P&L statement show why, which is due to Net profit).
PROOF!! Link in your reference and stop blowing smoke by linking in obscure BS MBA 101 material. WE WANT TO SEE THE CASHSTATEMENT YOU REFER TO! lol
Dude, nobody else noticed??? We are telling you YOU ARE WRONG!!! And we are still waiting on you trying to prove the opposite. All you have to do is to link us to your magic material so we can understand what you misunderstand.
Cashstatement for Q3, states Cash reserves increased from 30 Mill to 34 Mill. There are no aditional levels to this. This is increased amount of money in the bank (while P&L statement show why, which is due to Net profit).
PROOF!! Link in your reference and stop blowing smoke by linking in obscure BS MBA 101 material. WE WANT TO SEE THE CASHSTATEMENT YOU REFER TO! lol
Dude clearly if cash reserves increased to 34 mill from 30 mill they did loose money.....
He's nothing but a common troll in the crowd, trying to pretend he knows better then the rest
I wouldn't pay attention to what he says, because he wouldn't be able to see the truth if it jumped up and smacked him in the face.
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
Dude, nobody else noticed??? We are telling you YOU ARE WRONG!!! And we are still waiting on you trying to prove the opposite. All you have to do is to link us to your magic material so we can understand what you misunderstand.
Cashstatement for Q3, states Cash reserves increased from 30 Mill to 34 Mill. There are no aditional levels to this. This is increased amount of money in the bank (while P&L statement show why, which is due to Net profit).
PROOF!! Link in your reference and stop blowing smoke by linking in obscure BS MBA 101 material. WE WANT TO SEE THE CASHSTATEMENT YOU REFER TO! lol
Conza.. go to the 3rd quarter report.
Go to the section called ' cash flow statement' Find these lines
Cash and Cash Equivalents beginning of period = 52.3M
Cash and Cash Equivalents end of period = 34.7M
The company lost 18M in cashflow in the 3rd quarter. I don't know why you keep saying this 30M number...Funcoms own financial statement says they had 52M to start the quarter, not 30M. Nice try though... posting numbers and hoping nobody notices they are made up.