Do you think this game was a scam to get funding from Tencent and do almost nothing?

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Baarous#2145 wrote:


Sorry, I must be misunderstanding the gotcha you have here. Either that or you grossly misunderstand corporate governance.



No, I'm good thanks

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Baarous#2145 wrote:
No one is contesting that GGG is 100% owned by tencent.


Many people are.


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Baarous#2145 wrote:
Sixjoy is simply the VC subsidiary of tencent that focuses on video game investments,


No, that's not what they do. ****

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Baarous#2145 wrote:
of course tencent corporate didn't make this investment themselves, this deal would be too small to ever come to their attention.


Again wrong. How do I know this? I've met some of them.


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Baarous#2145 wrote:
Your statement that there is no such thing as GGG and they are "by Corporate structure" whatever tf you mean by that is absolute non-sense.


No, it isn't. I looked over the share deal. GGG doesn't have many thing we would consider an "autonomous entity" to enjoy.


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Baarous#2145 wrote:
GGG continues to have their own operating structure, and are a registered business with the appropriate authorities.


Who list Sixjoys as the company with both Financial, Legal and Jurisprudential oversight.



I snipped the rest of this. ZZZzz.


Dude. When Cadbury is takeover By Mondelez, you can copy/paste the same trash. The chocolate still somehow turns out... to be worse.


**** If you don't why Sixjoy is registered in HK rather than CN, you know nothing. Go look up the SUMO acquisition files (Tencent holds them as .pdfs on their websites if you're clever). Or know why GS or JPM can work there and not on the mainland. And so on. You'd know this if you worked in the arena.

~


Please. You're not the smartest bear in this room, by a long hard mile.
Last edited by Nameless_One#4282 on Dec 29, 2024, 11:03:30 PM
"
"
Baarous#2145 wrote:


Sorry, I must be misunderstanding the gotcha you have here. Either that or you grossly misunderstand corporate governance.



No, I'm good thanks

"
Baarous#2145 wrote:
No one is contesting that GGG is 100% owned by tencent.


Many people are.


"
Baarous#2145 wrote:
Sixjoy is simply the VC subsidiary of tencent that focuses on video game investments,


No, that's not what they do. ****

"
Baarous#2145 wrote:
of course tencent corporate didn't make this investment themselves, this deal would be too small to ever come to their attention.


Again wrong. How do I know this? I've met some of them.


"
Baarous#2145 wrote:
Your statement that there is no such thing as GGG and they are "by Corporate structure" whatever tf you mean by that is absolute non-sense.


No, it isn't. I looked over the share deal. GGG doesn't have many thing we would consider an "autonomous entity" to enjoy.


"
Baarous#2145 wrote:
GGG continues to have their own operating structure, and are a registered business with the appropriate authorities.


Who list Sixjoys as the company with both Financial, Legal and Jurisprudential oversight.



I snipped the rest of this. ZZZzz.


Dude. When Cadbury is takeover By Mondelez, you can copy/paste the same trash. The chocolate still somehow turns out... to be worse.


**** If you don't why Sixjoy is registered in HK rather than CN, you know nothing. Go look up the SUMO acquisition files (Tencent holds them as .pdfs on their websites if you're clever).

~


Please. You're not the smartest bear in this room, by a long hard mile.



Ok, this clears things up, not sure why we are arguing. If your point is corporate takeovers often lead to an inferior product you'll get no debate from me. The original post is what I dissented to, that GGG engaged in some deliberate scheme to defraud tencent. Never claimed to be, or even want to be, the smartest person in the room. Also have no intention of being the most contentious.

Like I said, legitimately did not understand the point you were making originally, appreciate the clarification. I'm gonna wish you a happy holiday, and hope you enjoy any time you do spend on the game.
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Baarous#2145 wrote:
The only way to pay back your investors, and the employees who took stock options instead of higher pay packages, is to either get acquired or go public.


This is, quite frankly, American VC talk.

Innocent Smoothies > Bought by Coca-Cola Inc.


It's also 100% false. It's almost always a cash-out and retire deal.


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Baarous#2145 wrote:
The original post is what I dissented to, that GGG engaged in some deliberate scheme to defraud tencent..



Yes, I think I made it quite clear that I feel that Tencent was doing the fraud here. No-one sane gives up 16.6% on the cusp of a $45mm revive unless they're getting squeezed.



> It's almost always a cash-out and retire deal.


Why would you not do this post launch? That's the question.
Last edited by Nameless_One#4282 on Dec 29, 2024, 11:11:19 PM
"
"
Baarous#2145 wrote:
The only way to pay back your investors, and the employees who took stock options instead of higher pay packages, is to either get acquired or go public.


This is, quite frankly, American VC talk.

Innocent Smoothies > Bought by Coca-Cola Inc.


It's also 100% false.


"
Baarous#2145 wrote:
The original post is what I dissented to, that GGG engaged in some deliberate scheme to defraud tencent..



Yes, I think I made it quite clear that I feel that Tencent was doing the fraud here. No-one sane gives up 16.6% on the cusp of a $45 revive unless they're getting squeezed.




I completely agree with the second point as well. I think it's insane that the final shares were sold months before a huge influx in valuation, and indicative of a squeeze like you mentioned. Like I said not sure why we are arguing...

As to the first point, not sure this forum is the right place to debate different profit sharing schemes, and I agree that what I posted was certainly from an American perspective given the prevalence of those strategies in the US.
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Baarous#2145 wrote:


I completely agree with the second point as well. I think it's insane that the final shares were sold months before a huge influx in valuation, and indicative of a squeeze like you mentioned. Like I said not sure why we are arguing...
.



It's perfectly possible that by taking on C level Sixjoy appointments ex-GGG C levels had golden parachute deals written in regarding a percent share of profits made on launch for 100% control.


*ahem*


NZ Law views that type of deal negatively, however. If it did occur. Allegedly.
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Baarous#2145 wrote:
they also made sure MTX and many items from PoE 1 work in PoE 2 which is a level of dedication to fan's who paid money for in PoE 1 that I personally have never seen before in any other game/sequel. Developers are usually happy to say, sorry the sequel is a new game you need to buy new stash tabs. Hell, they even went as far as to give free keys to people who spent over a certain amount in PoE 1.


I wouldn't mind literally any of the several dozen MTX i have from POE1 to work in POE2. But they aren't elaborate screen polluting bullshit, mainly just gear skins. that's probably why not a single one works.

Last edited by TSDfabrication#7766 on Dec 29, 2024, 11:34:08 PM
No. Go away.
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jollyjewbagel#4794 wrote:
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Baarous#2145 wrote:
they also made sure MTX and many items from PoE 1 work in PoE 2 which is a level of dedication to fan's who paid money for in PoE 1 that I personally have never seen before in any other game/sequel. Developers are usually happy to say, sorry the sequel is a new game you need to buy new stash tabs. Hell, they even went as far as to give free keys to people who spent over a certain amount in PoE 1.


I wouldn't mind literally any of the several dozen MTX i have from POE1 to work in POE2. But they aren't elaborate screen polluting bullshit, mainly just gear skins. that's probably why not a single one works.



That definitely does suck, and I absolutely suggest you send them some feedback requesting the skins you want be made to work. I totally acknowledge I've been on the lucky end of the spectrum with this, where most of my favorites work, and a few other things, like limited to no performance issues, have not messed up my experience.

All I'm trying to express in my original post it is one thing to point out real and valid criticisms and concerns, and I'm 100% for that. It's another to allege GGG was trying to defraud tencent, and that the devs haven't been doing anything for 5 years.

Hope your skins work out and have a happy holiday
Poe2 ends with the campaign, on the maps there is poe 1, which means kill the mob before it kills you with a hit. Poe 2 was supposed to be slower, more skillful, and it is only like that on rb, when we get to the maps it is simply poe 1 where the game is too fast and there is too much going on, and we go back to the roots where you die with a hit and you don't know why, I guess that's not what they promised us
I get the feeling that they had some sort of vision that they developed inside a bubble without looking if their ideas are realy working out. They seem to have never realy simulated or tested anything to a degree neccessary. Now its EA and we see the problems coming in, but if they get resolved at all is a big questionmark.

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