The Sky is (not??) falling....

Imagine what they could have accomplished if they'd focused solely on that extremely profitable product.

 

Oh. The real interesting info is hidden deep in the attachments...

So you thought MindArk was done with ICOs and tokens? Think again:

https://greenfundfinance.com/

They share the address of MindArk, and obviously MA is owner of that company. A company encouraging you to invest in a green plan./ Because MA is so great at creating ICOs and investment opportunities. Fuck EU, fuck learning a lesson from past failures, just launch something else, trying to catch on with the latest hype (ThE eNvIrOnMeNt), and what better way to sucker more dumb people out of their hard earned cash?

I hoped they'd finally deliver Planet Cyrene. Seems like they already made other plans. Just like when they attempted the ICO. And Compet before that.

The sky might not be falling, but this is where I'll try and sell out completely. I've already put in 1 withdrawal, and rest assured that these Swedish pricks will not see another dime of my money deposited into their accounts.

 

Addendum 14 is also a fucking gem. MA has positions in something called Rufoid AB. The fuck is Rufoid AB? I still don't know, but apparently Jan's kids are in on it:

Styrelse/övriga bevakande befattningar (4)

• Leo Haldo Roland Welter (f. 1988)
  Ordinarie ledamot , Styrelseordförande
• Per Daniel Viktor Frostmo (f. 1988)
  Suppleant
• Charlie Efraim Lindholm (f. 1988)
  Ordinarie ledamot
• Adrian Tim Welter (f. 1992)
  Ordinarie ledamot

https://www.allabolag.se/5569645806/bokslut


Just in case you were worried that MA wasn't just squabbling your deposits away.

 

Rufoid AB makes mobile games:

https://www.formidapps.com/ios/app.dragon-defense-xxjijqDq.aspx

One can't help but wonder why MA didn't actually outsource their ComPet project to these guys. After all, nepotism isn't something Jan shuns in any way, shape, or form.

 

"The player debt, ie unused user funds, increased from 105.4 during the financial year
million PED to PED 112.1 million, an increase of PED 6.7 million. Total debt increased
also in SEK but to a much higher degree when the exchange rate SEK / USD has gone from SEK 8.23 / USD at
last year at 8.97 SEK / USD last December 2018 (10 PED = 1 USD). It resulted in that
The debt increased by SEK 13.7 million in SEK, from SEK 86.8 million to SEK 100.5 million.
The total amount "assets not yet consumed by users" is a variable amount that
varies with the different activities within Entropia Universe. Historical figures show that 30 - 35%
(commuted between the last 15 years) of funds deposited by the users. The rest
has been consumed or remained on users' accounts in the form of inventory or cash in
form of the virtual currency PED.
However, it is a prerequisite for the survival of the product Entropia Universe that MindArk pays
the requested withdrawals and therefore the part of the player debt, which is likely to be a withdrawal,
be expensed.
With these facts in hand, the assessment is that the real debt is 33% of the player debt
is present at the time of booking. This means that the real debt at year-end 2018
is PED 37 million, which gives SEK 33.2 million. Player debt provisions therefore have
year-end adjusted both for this and currency adjusted."

 

"Other income includes revenues from the sale of Arkadia Moon Deeds (a total of 2.4 million)"

Interesting, I thought Arkadia Moon Deeds is Arkadia stuff. Is it now MindArk that's deveoping Planet Arkadia?

 

Still laughing at this:

"Planet Calypso Forum
Initial acquisition value 188 421"

 

I thought MindArk is owning and developing both EU and Planet Calypso. What's Planet Calypso AB and Entropia Universe AB doing? What does it mean that Entropia Universe made an operating profit of +20M but Planet Calypso AB made a total of -7k? I mean... if Entropia Universe AB is doing the platform development and Planet Calypso AB is doing the Calypso development then it's easy for MindArk PE AB to make profit from that company's part of Entropia Universe...

 

"Net deposits in Entropia Universe in 2018 ended at PED 78.5 (SEK 68.2 million)"

MindArk "Net sales 62,091,429"

Doesn't this give an insight into the state of planet partners?

 

I have absolutely no idea about accounting but one conclusion I would draw from what I've read:

Fire everyone who thought ComPet was a good idea, fire everyone who thought Deep Token was a good idea, instead hire those "industry veterans" other successful game developers rely on.

 

In short, terminate the entire board. Timkrans and Simmonds are absolutely fucking clueless. Neither of them have any qualifications whatsoever. Why on earth anyone would accept these fucking idiots on a board of directors is beyond me.

According to the share spilt, Timkrans no longer holds a majority share. I do not know who his main buddies are, but it ought to be real fucking easy convincing them not to side with that fuckwit anymore, unless they seriously love pissing away their money, as they apparently have been happy to do for the last few years. How on earth Timkrans still holds any power whatsoever is beyond me. That guy ought to have been sued into complete and utter bankruptcy by now by both investors, partners, and players.