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Nothing to see here: CCP spends $20 million and hides its financials

First post
Author
Ishtanchuk Fazmarai
#1 - 2015-05-16 13:35:24 UTC  |  Edited by: Ishtanchuk Fazmarai
(Media source: https://www.themittani.com/news/ccp-goes-dark-company-financials)

As I already pointed in a couple of threads, CCP bought back the publicly traded bonds they had issued in 2012, and with that, they no longer have public stocks and are no longer obliged to release their financial informaiton. That has been followed by quickly removing that information from their website.

I used to think that those bonds were in the line of some 4.5 million $, but it turns they actually were 20 million $.

CCP Falcon already stated to TMC that there's nothing shady in it, CCP is no longer bound to publish that information and so they've decided to withhold it.

As subscription numbers.

As EVE economy reports.

As the little fact that "EVE Legion" and associated trademarks are exctinct in the USA, where they were registered.

So...

Share your speculation!

Is this Good News? Bad News? No News?

I guess that this thread will either be locked before anyone posts or will be left to run for chuckles at CCP, but in the meanwhile...

EVE is not alive enough.Blink

Roses are red / Violets are blue / I am an Alpha / And so it's you

Vivien Meally
Native Freshfood
Minmatar Republic
#2 - 2015-05-16 13:39:35 UTC
eve is dying
stoicfaux
#3 - 2015-05-16 13:50:54 UTC
On the plus side, CCP is healthy enough to have 20 million to buy its bonds back? Either they had it in cash, or some bank thinks they're credit worthy enough for a loan?



Pon Farr Memorial: once every 7 years, all the carebears in high-sec must PvP or they will be temp-banned.

Dirk Magnum
Spearhead Endeavors
#4 - 2015-05-16 13:50:55 UTC
I want to post in this thread just so I can say I did.

(CCP is the Icelandic Mafia #TruthIsOutThere)

                      "LIVE FAST DIE." - traditional Minmatar ethos [citation needed]

u3pog
Ministerstvo na otbranata
#5 - 2015-05-16 13:52:01 UTC
Vivien Meally wrote:
eve is dying


So it can rise from the ashes like a Phoenix!
Mr Epeen
It's All About Me
#6 - 2015-05-16 13:55:51 UTC
Anyone who says media source and TMC in the same sentence needs to rethink their worldview.

Mr Epeen Cool
Dirk Magnum
Spearhead Endeavors
#7 - 2015-05-16 14:04:01 UTC
Goons won Eve and 20 million was the prize. See you bitches in Cancun (I run drugs there because Mittens kept all the prize money.)

                      "LIVE FAST DIE." - traditional Minmatar ethos [citation needed]

stoicfaux
#8 - 2015-05-16 14:09:39 UTC
Dirk Magnum wrote:
Goons won Eve and 20 million was the prize. See you bitches in Cancun (I run drugs there because Mittens kept all the prize money.)

Discussing real world politics and religion on the forums is against the ToS...

Pon Farr Memorial: once every 7 years, all the carebears in high-sec must PvP or they will be temp-banned.

TigerXtrm
The Scope
Gallente Federation
#9 - 2015-05-16 14:14:27 UTC
It's good news. Nothing good has EVER come from a game developer with public stocks. They all either get bought up and have their IP's ruined, or the games get shut down completely. The stocks were likely a remnant of the bad times CCP had a few years ago and may have been the only thing keeping the company afloat in that time. Now they saw a chance to regain control and took it. It's a wise business decision. CCP can do much greater and riskier things without a horde of investors breathing over their shoulders.

My YouTube Channel - EVE Tutorials & other game related things!

My Website - Blogs, Livestreams & Forums

Gully Alex Foyle
The Scope
Gallente Federation
#10 - 2015-05-16 14:23:45 UTC
Possibile simple explanation:

. They found cheaper debt because low interest rates and/or better financial solidity
. They repaid the bonds with the new debt
. They removed financials because no company publishes them if they don't have to

Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!

Ishtanchuk Fazmarai
#11 - 2015-05-16 14:28:55 UTC
TigerXtrm wrote:
It's good news. Nothing good has EVER come from a game developer with public stocks. They all either get bought up and have their IP's ruined, or the games get shut down completely. The stocks were likely a remnant of the bad times CCP had a few years ago and may have been the only thing keeping the company afloat in that time. Now they saw a chance to regain control and took it. It's a wise business decision. CCP can do much greater and riskier things without a horde of investors breathing over their shoulders.


Huh... bonds are akin to loans. They give no voice to the holder. What?

Roses are red / Violets are blue / I am an Alpha / And so it's you

ISD Ezwal
ISD Community Communications Liaisons
ISD Alliance
#12 - 2015-05-16 14:35:03 UTC
This thread has been moved to Out of Pod Experience.

ISD Ezwal Community Communication Liaisons (CCLs)

Black Panpher
CastleKickers
#13 - 2015-05-16 14:42:50 UTC
Ishtanchuk Fazmarai wrote:
Huh... bonds are akin to loans. They give no voice to the holder. What?


Please tell this to my Business Account Manager lol Roll
Bagrat Skalski
Koinuun Kotei
#14 - 2015-05-16 14:50:35 UTC
Hiding things does not sound good at all.
Bagrat Skalski
Koinuun Kotei
#15 - 2015-05-16 14:53:03 UTC
Gully Alex Foyle wrote:
Possibile simple explanation:

. They found cheaper debt because low interest rates and/or better financial solidity
. They repaid the bonds with the new debt
. They removed financials because no company publishes them if they don't have to


Well, so why they did not said that?
Gully Alex Foyle
The Scope
Gallente Federation
#16 - 2015-05-16 16:13:34 UTC
Bagrat Skalski wrote:
Gully Alex Foyle wrote:
Possibile simple explanation:

. They found cheaper debt because low interest rates and/or better financial solidity
. They repaid the bonds with the new debt
. They removed financials because no company publishes them if they don't have to


Well, so why they did not said that?
Huh? Roll

That's exactly what they said:

Mr. Stefansson wrote:
CCP hf. kt. 450697-3469 hefur ákveðið að nýta sér rétt til innköllunar á öllum skuldabréfum í flokki CCP 12 1; ISIN: IS0000021962

Innköllunin tekur gildi þann 27. mars 2015. CCP hf. greiðir skuldina í samræmi við skilmála skuldabréfaflokksins. Samkvæmt skilmálum skuldabréfaflokksins hafa skuldabréfaeigendur 30 daga frá tilkynningu um innköllun til að tilkynna CCP hf. hvort þeir nýti sér breytirétt skuldabréfaflokksins. Vísað er að öðru leyti til skilmála skuldabréfaflokksins. Skuldabréfin eru skráð í Nasdaq OMX Iceland hf. og verður óskað eftir afskráningu þeirra að lokinni innköllun.

Frekar upplýsingar veitir:

Sigurður Stefánsson, fjármálastjóri CCP hf Netfang: siggi@ccpgames.com

Make space glamorous! Is EVE dying or not? Ask the EVE-O Death-o-meter!

Malcanis
Vanishing Point.
The Initiative.
#17 - 2015-05-16 17:11:07 UTC
I'm sure the 3.5m per year these bonds were costing didn't factor into this decision at all.

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016

RavenPaine
RaVeN Alliance
#18 - 2015-05-16 17:32:58 UTC
Typically, when an insider buys back ANY stock, it's a good sign.
And if someone actually buys back ALL the stock, it's imo, a very good sign.

Malcanis
Vanishing Point.
The Initiative.
#19 - 2015-05-16 17:40:34 UTC
RavenPaine wrote:
Typically, when an insider buys back ANY stock, it's a good sign.
And if someone actually buys back ALL the stock, it's imo, a very good sign.




No you see paying off a loan is a sure sign that a company is dying.

"Just remember later that I warned against any change to jump ranges or fatigue. You earned whats coming."

Grath Telkin, 11.10.2016

Bagrat Skalski
Koinuun Kotei
#20 - 2015-05-16 17:41:45 UTC
Gully Alex Foyle wrote:
Bagrat Skalski wrote:
Gully Alex Foyle wrote:
Possibile simple explanation:

. They found cheaper debt because low interest rates and/or better financial solidity
. They repaid the bonds with the new debt
. They removed financials because no company publishes them if they don't have to


Well, so why they did not said that?
Huh? Roll

That's exactly what they said:

Mr. Stefansson wrote:
CCP hf. kt. 450697-3469 hefur ákveðið að nýta sér rétt til innköllunar á öllum skuldabréfum í flokki CCP 12 1; ISIN: IS0000021962

Innköllunin tekur gildi þann 27. mars 2015. CCP hf. greiðir skuldina í samræmi við skilmála skuldabréfaflokksins. Samkvæmt skilmálum skuldabréfaflokksins hafa skuldabréfaeigendur 30 daga frá tilkynningu um innköllun til að tilkynna CCP hf. hvort þeir nýti sér breytirétt skuldabréfaflokksins. Vísað er að öðru leyti til skilmála skuldabréfaflokksins. Skuldabréfin eru skráð í Nasdaq OMX Iceland hf. og verður óskað eftir afskráningu þeirra að lokinni innköllun.

Frekar upplýsingar veitir:

Sigurður Stefánsson, fjármálastjóri CCP hf Netfang: siggi@ccpgames.com

Oh yes, and this is about this cheaper debt? I see only information about buying out the bonds. But I suppose only fool would take debt that would make it harder to repay in future.

Nonetheless, it doesnt look good for EVE players because we know less about state of the company. Investing money in the game we play, by subscribing to it. What if they are doing it, because they don't want us to know the truth. Can't now exclude that, can you? Because you don't know. Roll
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