News - Everquest takes another hit! (1 Viewer)

[B_I_G__D_A_D_D_Y]

EG7 stock was down 20% today!

Went searching and found today's press release where Daybreak is going to put up almost $23M to fund a new game from Cold Iron. It would appear their stockholders weren't enthused about the idea!

Daybreak to publish an exciting new multiplayer action shooter from Cold Iron Studios | EG7

INSIDE INFORMATION: Enad Global 7 AB (publ) ("EG7" or the "Company") today announces that its subsidiary, Daybreak Game Company LLC ("Daybreak"), has entered into an agreement with Cold Iron Studios LLC ("Cold Iron") whereby Daybreak will publish Cold Iron’s exciting new multiplayer action...

www.enadglobal7.com

 

[Rusang]

I just don't understand stocks. I would think investments in a new product vs the status quo of nothing new would cause it to drop, not the opposite.

 

[Many_Whelps]

I just don't understand stock

There's nothing to understand, it's all just made up numbers. Stock price doesn't reflect the health of a company. The advertised "stock price" is simply the last reported transaction in which that stock changed hands from one rich asshole to another rich asshole.

 

[Granditos]

EG7 stock was down 20% today!

Went searching and found today's press release where Daybreak is going to put up almost $23M to fund a new game from Cold Iron. It would appear their stockholders weren't enthused about the idea!

Daybreak to publish an exciting new multiplayer action shooter from Cold Iron Studios | EG7

INSIDE INFORMATION: Enad Global 7 AB (publ) ("EG7" or the "Company") today announces that its subsidiary, Daybreak Game Company LLC ("Daybreak"), has entered into an agreement with Cold Iron Studios LLC ("Cold Iron") whereby Daybreak will publish Cold Iron’s exciting new multiplayer action...

www.enadglobal7.com

I assume that the investors believe in the current content daybreak provides and dont think starting a new venture will benefit the company, or shareholders. Meaning, they don’t have enough manpower or resources to both develop a new game and support the existing ones.

So investors think this will overall hurt the value of the company as games like EQ become less supported and subscribers leave.

 

[Saffron]

Who knows with stocks. The price is seldom based in reality.

 

[Granditos]

Who knows with stocks. The price is seldom based in reality.

Moves like that are usually based on something. Bad news, etc. Probably short term but it is a signal to Daybreak management that investors don’t like this recent decision. But the investor could be wrong too.

 

[jhw668]

Who knows with stocks. The price is seldom based in reality.

Stocks respond to hearsay, rumors, and panic as well as facts. But with stuff like this, everyone selling thinks this is a bad idea. The people buying think it's a good idea. Unlikely that any of them know how it's going to turn out.

 

[Bholm]

Lets all buy the shards, then RG users will controle daybreak!! /dream off

 

[Koko]

Let’s all buy the shards, then RG users will controle daybreak!! /dream off

Who’s friends with Elon…we need to make this happen!

 

[EvilBarny]

Who’s friends with Elon…we need to make this happen!

So he can rename it xquest and drive into the ground =p

 

[Gaelicboy]

So he can rename it xquest and drive into the ground =p

Not before making all the player characters look like him and all the NPC's to look like whoever it is he hates that month.

 

[Robahn]

Cold Iron was carved out at the time of EG7’s acquisition of Daybreak due to the parties not being able to agree on the terms for its inclusion.

Now its coming in again via backdoor. That got to anger some people and trigger some shenanigans, perhaps explaining the drop in eg stock value.

Its beyond me how OP concludes from this that "Everquest" took "another" hit.

 

[Bholm]

So he can rename it xquest and drive into the ground =p

And make us pay for every login oh dear Elon

 

[methodx]

We'll never know what is truly going on behind the curtain at Gonad Global. I love EQ but it's not something I'd invest in at all, maybe someday I'll eat my words but I just don’t see the upside.

 

[Peppe]

Who’s friends with Elon…we need to make this happen!

I'll do the classic.

I know a friend who knows a friend who works at Telsa who might know Elon.

 

[delfnec]

Who’s friends with Elon…we need to make this happen!

ok, i added Elon to my friends list just now and hoping he will be online soon.

 

[an_image]

We'll never know what is truly going on behind the curtain at Gonad Global. I love EQ but it's not something I'd invest in at all, maybe someday I'll eat my words but ai just down see the upside.

@methodx well considering you’re spending time…i’d say you’re heavily invested. That’s the most important asset you’ll ever have … since you have a limited amount on this earth and are unlikely to ever get more than your share…food for thought…

 

[Redmonkey]

ok, i added Elon to my friends list just now and hoping he will be online soon.

I will also try to reach him through my neighbor's Star link. That's my rich neighbor.

 

[B_I_G__D_A_D_D_Y]

Its beyond me how OP concludes from this that "Everquest" took "another" hit.

Everquest, along with every other existing DBG project will be starved for investment funds by this move. They will just continue to milk the cash cow while making minimal investments or improvements.

Which is nothing new by the way. It's already happening. Remember all the talk about Everquest hiring new talent? If you check their corporate site there are no job openings any longer for Everquest-related positions.

 

[Robahn]

Everquest, along with every other existing DBG project will be starved for investment funds by this move. They will just continue to milk the cash cow while making minimal investments or improvements.

Which is nothing new by the way. It's already happening. Remember all the talk about Everquest hiring new talent? If you check their corporate site there are no job openings any longer for Everquest-related positions.

The title is just hyperbole and your accusations dont fit the facts.

64bit, DX11, new UI .. they are making substantial investements to keep the cow giving milk.
And to be honest, all i want is them milking the cow as it is instead of changing it too much or even axing it.

As for the dev jobs. I am no insider, but i would assume the team is full and the 25th Anniv development is in full swing.

 

[jande]

The title is just hyperbole and your accusations dont fit the facts.

64bit, DX11, new UI .. they are making substantial investements to keep the cow giving milk.
And to be honest, all i want is them milking the cow as it is instead of changing it too much or even axing it.

As for the dev jobs. I am no insider, but i would assume the team is full and the 25th Anniv development is in full swing.

new ui that is a mess, people pleaded that more work has to be done before going live.
dx11 .. have your even loaded on test ? its a bigger mess than the UI for a lot of people. apparently not going live just yet (have my doubts)

we will see which dev's show up for beta, or how much it is worse than last year. thinking we are going to miss some of the old faces.

 

[Robahn]

it doesnt matter if its a mess or not .. they do invest, thats the argument.