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Mortal Online

Mortal Online 

General Discussion  » SV sells upto 4 Million shares to "hardcore player" in private offering

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28 posts found
  kakasaki

Advanced Member

Joined: 6/11/06
Posts: 1263

"Gentlemen, you can't fight in here! This is the War Room!"

5/24/13 2:17:32 PM#21

Looks like P.T. Barnum has met his match...

 

A man is his own easiest dupe, for what he wishes to be true he generally believes to be true...

  Blindchance

Novice Member

Joined: 2/21/09
Posts: 1079

5/24/13 2:28:12 PM#22
Daddy still helping along ?
  Slapshot1188

Advanced Member

Joined: 5/06/07
Posts: 4190

 
OP  5/24/13 4:13:19 PM#23

From today's update (Q1 report) it is revealed that they also received a BRIDGE LOAN.  Guess we now know why they needed this private offering...

 

I would add that the figure includes a bridge loan 394 000 SEK, which in turn is related to a private placement. - Henrick Nystrom

 

 

"I should point out that no other company has shipped out a beta on a disc before this." - Official Mortal Online Lead Community Moderator

Starvault's reponse to criticism related to having a handful of players as the official "test" team for a supposed MMO: "We've just have another 10ish folk kind enough to voulenteer added tot the test team" (SIC) This explains much about the state of the game :-)

  oldmostaff

Apprentice Member

Joined: 4/08/13
Posts: 17

5/24/13 5:01:10 PM#24
I'm not sure of the implementations of a bridge loan, what could one conclude from their statement about the bridge loan? 
  Burntvet

Elite Member

Joined: 11/16/07
Posts: 2791

5/25/13 12:28:11 AM#25
This stock issue makes me think of the Simpsons episode where Homer goes and works for a DotCom and they had shares of the company stock on a toilet paper dispenser. By they end, they were pulling copper wire out of the walls. I expect no different in this case.
  Burntvet

Elite Member

Joined: 11/16/07
Posts: 2791

5/25/13 12:36:36 AM#26
Originally posted by oldmostaff
I'm not sure of the implementations of a bridge loan, what could one conclude from their statement about the bridge loan? 

 

A bridge loan is a form of short-term financing a company sometimes takes, usually as part of restructuring or reorganization or other transition of business activity, while waiting for a cash infusion from selling an asset or getting new investors (as apparently happened here). It is meant to allow a company to continue operations after they have run out of "old money" and before the "new money" has come in (thus the "bridge"). Typically, bridge financing is not offered unless a bailout or cash infusion of some type is already in the works (or someone with deep pockets is underwriting the loan).
  deathshroud

Novice Member

Joined: 11/06/10
Posts: 1392

5/25/13 2:25:05 AM#27

I distinctly remember players having LOD models ages ago but it did nothing really for performance at the time, Remember the meat men?

 

there are 2 types of mmo, imitators and innovaters.

  sapperdaddy21b

Apprentice Member

Joined: 11/10/12
Posts: 5

5/25/13 8:41:53 AM#28

ROFLMAO

 

I know one thing... The game was heading to the shitter, and it wasn't the lack of money that was stopping them from keeping subs.

 

It was their poor handling of their original money, and their horrible handling of hte game. I feel sorry for those 2 guys. They don't understand they're pouring money into this thing, but there was a reason their whole shit flopped in the first place.

 

I keep talking on the forums to make the core game fun, to stop making it a f-cking job to play the game, and get some subs in, use the money to go ahead and add more sand to the box, and now instead of buckling up and doing what they need to do, they'll miss the mark and keep putting money where it DOESN'T need to go.

 

In a year or 2 they'll be back in the same situation again.

 

 

Foolish, foolish foolish.

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