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Discussion in 'Entropia News' started by Tass, Dec 21, 2018.
The previous owner, Buzz.
So he sold CP (presumably back to MindArk), but isn't allowed to reveal any details?
Another case of MindArks modus operandi. Security through obscurity. Google that, and see what hackers think about such "strategies".
So Buzz sold the thing to someone else who will now be the first "private owner of virtual property" "selling shares in a newly created virtual company in Entropia Universe." Interesting twist.
Who's displayed as the owner of the property ingame?
And that's making claims like that it "earned an approximate return on investment of 17% for its current owner" in the past year completely meaningless, 17% of the current owner's investment could be 3% of of the 500,000 it's now sold for. Even if it was the 330,000k that Buzz originally paid that would only mean 11% at a prize of 500,000k. 11% you can easily make with very very secure investments, from a mere investment perspective it would be crazy to invest in a virtual space station in a declining MMO with absolutely no influence over the object for merely 11% ROI, and considering the history of investments in EU it would be completely nuts:
Medusa was sold for ~30k in 2011.
Monria was sold for 150k in 2013
Monria was then sold for 94k in 2015
Mindark sold a sub-planet for 150k. I'm sure someone willing to spend more 150k or more could approach MA and ask them for a similar deal, why would someone spend 330k or more for a premium-type "planetside" property when they as well could have a sub-planet type of property for 150k or maybe 250k? Doesn't make much sense to me. Just to put out a number: 17% ROI of 150k (Monria's original sales price) would equal 5.1% of 500k (CP's 2019 suggested sales price).
And then all that @Wistrel has suggested applies.
I would like to point out the decline in revenues of CLDs over the years, I cannot imagine the development went in the opposite direction for Crystal Palace, and why should it turn around the next couple of years?
Monthly average per CLD in PED:
2012 19.28 PED
2013 18.56 PED
2014 15.50 PED
2015 15.94 PED
2016 13.51 PED
2017 12.76 PED
The new owner probably used part of the money from the return of $12,000,000 worth of Deeptokens to buy CP. !?
Thanks for the insight !
The Deeds Will still sell as hotbuns.
They cost 10 peds each, so everyone will get one! All players, so all 5000 Deeds Will be sold from Day one.
"The 500,000 available shares"
I Will add a smiley to my post ok?
Buzz reacted on pcf.
In short: Buzz wanted to sell to spacejanitor, but he couldnt set his estate to restricted, because there was no terminal.
Deal Fell through because Spacejanitor found it hard to sell it later without a terminal , then Buzz asked if Mindark could add the terminal, so he could sell it in the future.
Mindark suggested to make it a deed sale.
Well. I can see the argument from MA's side. Anti-money laundering laws are no joke, so it makes sense for them to want to be able to control large sales like this. More so seeing this is the kind of stuff they like to chirp about in press releases.
Suuuree, all noobs will have nothing better to do, to invest their 1st hard earned 10 PED into a useless item, that will make them probably "gain" less than 0,5 PED per year...
But hey, everybody has a spare $ and what would be a better investment, than this crystal pyramid. ;D
The "loyal patrons" though, they already cant wait to purchase as many deeds as possible, of this "giant investment" opportunity. *lol*
btw. I will be the holder of some of these too, purchased with my free PEDs, so I can keep track of this magic wonderland. x'D
So, in the meantime, I created this payout sheet. Forgive me, I used Mindark numbers.
(also there are still many unanswered questions regading Crystal Palace)
Yup. We need to know how much will come back to the buyers !
I expect that 100% of the revenue stream going the current owner will go to the deedholders in future.
Otherwise the mentioning of the ROI of the current owner in an advertisment for selling shares without giving any further details should already get you in serious trouble.
Nice, it could be up to 1 PED ROI per year then ! x'D
All numbers could be made up anyway or include "stuff" that might get changed etc.
I will only purchase deeds via ingame auction. But I have this feeling, Mindark will sell them via their webshop, to make some pretty penny and make Buzz pay big time for removing that cash from Entropia... win-win ? Oh my...
Was it really space janitor or another banned avatar?.. speculation is such fun... (McCormick, we all know it was you, right? ;) )
We will never know... ;)
Add 2018s roi next week..... It's better than 2016 already. Seems downward spiral stopped somehow. Why it should turn around? I don't know but it has.
Who knows(I don't know him), but the only guy defending him is a kill stealing sack of shit, so chances are good....
I met him at the Entropia Amsterdam meetup last August
spacejanator? i dont know him other than some posts I read on pcf during the time i wasnt playing over the last year or so.
All I said is you probably dont want an asshole as your only character witness.... o.0