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Old 20-09-2010, 10:07 PM   #16
TheChosen
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Join Date: Feb 2005
Location: Lappeenranta, Finland
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And some more, from NeoGAF.

Quote:
This'll be my last post here as frankly, you guys are all obsessed with the idea of this being a stunt that you can't see how fucked up this situation really is.

http://www.bankier.pl/inwestowanie/p...ormat=detailed

I'll post this again, as the trading value (Market Cap) has been ignored (even by me) up until now. According to this, Optimus (Who own CDP I can say with utmost certainty now), have a market value of less than $6million. Even with the recent lift in their share price this company is utterly worthless. The reason? Before they bought CDP, Optimus racked up some serious debt, and took on even more to buy CDP, this has left them in a major hole financially.

As stated above, last week Optimus sold 3.5million shares and has tried to re-jig the company to transfer their debt to something less unstable, this has triggered an EGM (For this Wednesday) which on it's own, would be unexciting. However, someone appears to have bought all the shares in one block and are using their new power to force Optimus to change their company strategy. This investor is at the moment, unknown but will be revealed at the company EGM.

My opinion is that this mystery investor has called for GOG to be totally changed, possibly to have DRM introduced and to change their business model completely. This leads me to believe the investor is a publisher, but I am not sure who, but there are signs that MAY be pointing to Atari SA, CD Projekt's long term publisher partner in Europe.
Future of the GOG is not looking very bright.
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