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De, Please Please Do Not Do Business With Perfect World (Mega/hyper/ultrathread)

wendiGhoul

By wendiGhoul,
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NKato

NKato

Posted
Posted (edited)

If Digital Extremes does not listen to the community, they are condemning Warframe to a painful death, and continued existence as a zombie that people will remember as something that was once great, but ruined by greed.

I did not enjoy using Perfect World's currency system, and I did not enjoy Star Trek Online for more than two months, and I did not enjoy Blacklight: Retribution.

If Digital Extremes is acquired by Perfect World, I will not enjoy Warframe, and I will be very inclined to demand that my account be deleted, and all of my Platinum purchases refunded to my bank account - as unreasonable that may sound. I absolutely do not want my money to go towards an entity that is clearly all about profiteering, and not about actually producing meaningful content.

It's fine and dandy if you feel like doing a Facebook-esque sellout, but you need to take great care about how you do it.

The internet will remember, and they will not forget. Your names are on the wall, Digital Extreme, every single one of you. If you sell out to Perfect World, and decide to go start a new company in the next decade, no one will ever buy from you.

Remember this warning.

Edited by NKato
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Rubb

Rubb

Posted
Posted

If Digital Extremes does not listen to the community, they are condemning Warframe to an early death.

I did not enjoy using Perfect World's currency system, and I did not enjoy Star Trek Online for more than two months, and I did not enjoy Blacklight: Retribution.

If Digital Extremes is acquired by Perfect World, I will not enjoy Warframe, and I will be very inclined to demand that my account be deleted, and all of my Platinum purchases refunded to my bank account. I absolutely do not want my money to go towards an entity that is clearly all about profiteering, and not about actually producing meaningful content.

It's fine and dandy if you feel like doing a Facebook-esque sellout, but you need to take great care about how you do it.

The internet will remember, and they will not forget. Your names are on the wall, Digital Extreme, every single one of you. If you sell out to Perfect World, and decide to go start a new company in the next decade, no one will ever buy from you.

Remember this warning.

is there a way to get a refund for the money I´ve spent here????? :O Tell us more.....

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Tengu-musume

Tengu-musume

Posted
Posted

If Digital Extremes does not listen to the community, they are condemning Warframe to a painful death, and continued existence as a zombie that people will remember as something that was once great, but ruined by greed.

I did not enjoy using Perfect World's currency system, and I did not enjoy Star Trek Online for more than two months, and I did not enjoy Blacklight: Retribution.

If Digital Extremes is acquired by Perfect World, I will not enjoy Warframe, and I will be very inclined to demand that my account be deleted, and all of my Platinum purchases refunded to my bank account. I absolutely do not want my money to go towards an entity that is clearly all about profiteering, and not about actually producing meaningful content.

It's fine and dandy if you feel like doing a Facebook-esque sellout, but you need to take great care about how you do it.

The internet will remember, and they will not forget. Your names are on the wall, Digital Extreme, every single one of you. If you sell out to Perfect World, and decide to go start a new company in the next decade, no one will ever buy from you.

Remember this warning.

The mass-murder grindfest farming simulator part of Warframe is nothing great. Just saying.

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Eternal_Shrine_Maiden

Eternal_Shrine_Maiden

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No. There is not really a protection or hostile takeover, like those of public company, in a private company... The controlling interest is in the hand of a few. If they agreed to the buy by another company and that is it.

 

The main difference between private and public companies from my understanding is that Public companies can get listed on the stock exchange. Controlling interest in Public companies also get extremely scattered as theoretically anyone with enough money can buy shares from a Public.

 

Private companies on the other hand are not listed, and are either controlled by the founders or few specific individuals (unless there is a transfer of shares from one holder to another). So from what I can see, PW would have to get DE's approval (i.e.existing shareholders) before any share purchase can actually happen.

Edited by PEELZHERE92
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r110platinum

r110platinum

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I agree with you. 

This agreement is nothing to panic about if you know what the documents are actually stating.

Let me explain this rationally. I apologise to those who have expressed great disagreement to this, but please, do not rule this side of thinking out.

 

For the first source I will explain: http://iis.quamnet.com/media/IRAnnouncement/1089/EN_US/001947020-0.PDF

"PROPOSED INVESTMENT IN DIGITAL EXTREMES"

This line itself explains that the two companies, Sumpo Food and Perfect Online are proposing to INVEST in Digital Extremes (DE). This means that they want to put money into the company [DE] in hopes of profit. This investment into DE will definitely help the company in continuing their operations.

 

"...the Purchasers intend to purchase, and Vendors intend to sell, all the outstanding shares of Digital Extremes (“Proposed Investment”)"

In this case, the purchasers are the above two mentioned companies. The Vendors is the company [DE] or holders of these shares who wish to sell to the purchasers. Note the terms "outstanding shares", this refers to all the shares that DE has issued. The main point here is WHAT DE HAS ISSUED. To define shares, this is a unit of ownership of the company that represents an equal proportion of a company's capital. I have no knowledge of how many shares DE has issued, or if they issued any at all yet.
 
For this, I will explain what the person I have quoted is saying, "this is only a bad thing if Sumpo/PWE get enough shares to make decisions. If they do not, then all's well and DE just has more money to spend. If they do, then they can do pretty much what they want."
For example, DE might have issued 20% shares of their company. Perfect Online and Sumpo will buy all outstanding shares - this means they will purchase all the shares issued, that is, 20% of the company. It really depends on the amount that has been issued. Simply put, the amount of the shares sold does not have the amount of power on the company. They may have an influence and part ownership, but this does not mean that they will completely take over DE itself or affect their operations. If anything, they will only have influence but not total decision. This is why nothing has happened to Warframe as of yet.
 

"The Purchasers and the Vendors have not yet entered into any legally binding definitive agreement in relation to the Proposed Investment." This means that the vendors of DE who have shares can retract from this agreement. They don't have to go through with it.

 

Perfect World Entertainment (PWE) buying out DE? Not likely. We don't know how many shares have been issued.

Sumpo Foods? This is only a business selling chicken meat products. What can chicken meat products do to a game company? KFC us all?

"Perfect Online". This is, as stated in the document, "a company incorporated under the laws of Hong Kong, a wholly-owned subsidiary of 

Perfect World Co., Ltd. (“Perfect World”), a company listed on the NASDAQ Global Select Market. Perfect World is a leading online game developer and operator based in China." 
This is only a smaller branch company of Perfect World itself. They do hold influence by PWE but it's not likely that they will affect the whole operations of DE. 
 
Please do not read articles that simply state that DE will be "bought out" by PWE. It is all dependent on how many shares DE has issued. My assumption is, DE hasn't issued more than 50% of the company. [Don't hurt me!]
No need to panic, besides, the game isn't going to be ruined simply by this negotiation. I know that PWE has "ruined" games previously, as the majority of the community has stated. But please. We really need to consider that DE will not likely sell out the majority of their company. I'm sure DE wants to have majority of control over their operations, they are a customer satisfaction business only wanting the best for the community.
 
Don't fight DE or Perfect Online/Sumpo Foods. Do research, remember: you are more likely to believe in something that instills fear rather than reassures you. Media is one, "http://massively.joystiq.com/2014/07/02/perfect-world-entertainment-buys-digital-extremes/". No evidence to support the company has been "bought out". Where are the numbers? Truthful documents? Explanations?
 
Think rationally, people. I'm sure DE is concerned about this too, but only because the community is acting on this negatively. This negotiated investment is more likely to help DE continue satisfying their customers, the community, us, if it pulls through. I know this post is long... but I really hate seeing people panic and think about deleting their accounts or "abandoning ship" over something that hasn't been proven yet. Don't worry, no stress! The game is still good. It really depends on whether they have issued a lot of shares or not much at all. I'm sorry if this has come off as rude, but I want to calm your hearts. Calm down people, take it easy for the sake of DE so they can rest too.

 

I'm quoting this again cause more people need to read this. People are way too eager to grab the torches and pitchforks around here when they really have no idea what's going to happen.

Edited by r110platinum
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Sidathe

Sidathe

Posted
Posted

No. There is not really a protection or hostile takeover, like those of public company, in a private company... The controlling interest is in the hand of a few. If they agreed to the buy by another company and that is it.

Then there's no reason to ever make a company if it's not going to remain yours. Might as well kill yourself for trying.

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NKato

NKato

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Then there's no reason to ever make a company if it's not going to remain yours. Might as well kill yourself for trying.

 

QFT. If you start a company with the long term strategy of selling it out at the expense of your own reputation, then you're not going to be able to repeat that strategy when your precious "retirement fund" runs out of money.

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Sidathe

Sidathe

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QFT. If you start a company with the long term strategy of selling it out at the expense of your own reputation, then you're not going to be able to repeat that strategy when your precious "retirement fund" runs out of money.

There's no reason to do anything, actually. Nothing is yours, everything is meaningless, we're all going to die and no one will remember you in ten years.

And that's if you're important. We're all pointless pieces of S#&$, man. We're @(*()$ pieces of S#&$ and should kill ourselves and solve contaminating the universe with our filth.

Edited by Sidathe
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denshibushi

denshibushi

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Posted

... :v But aren't private companies protected against hostile takeovers?

If they aren't, what's the @(*()$ difference between public and private if the same thing can happen either way?

This isn't hostile. They have entered into an agreement. The only thing that is hostile is the player base. :)

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