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Thread Statistics | Show CCP posts - 1 post(s) |
Tasko Pal
Heron Corporation
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Posted - 2008.10.21 23:11:00 -
[1]
 Originally by: MightyGuy
Welp its past october ....and prices are still at 500 mil .... guess you were wrong ... the prices are wrong ...and so is eve .. .im sick of the greed and will let my accounts go inactive ..
Can I have your stuff? 
CCP is a business and Iceland has been hit extremely hard by the financial crisis. I wouldn't call it "greed", I'd call it "staying alive".
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Tasko Pal
Heron Corporation
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Posted - 2008.10.22 06:55:00 -
[2]
Originally by: Juliette Leblanc
Originally by: Tasko Pal
CCP is a business and Iceland has been hit extremely hard by the financial crisis. I wouldn't call it "greed", I'd call it "staying alive".
Actually Iceland has been hit, but CCP has not been hit at all (except for any CCP employee that do NOT live in Iceland but is payed in ISKs).
CCP is pretty solid. But I think they did their math very well. The ISK has gone down a lot in the last week of september and the first of october. So much that, for exchange rates alone, CCP only needs 3 subscriptions to cash, in ISKs, what it used to cash from 4 subscriptions.
What a shoddy observation. Odds are very good that a substantial portion of CCP's assets are in ISK. That means a major loss on the books.
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Tasko Pal
Heron Corporation
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Posted - 2008.10.22 17:08:00 -
[3]
Edited by: Tasko Pal on 22/10/2008 17:10:25
Originally by: CCP Fallout
Originally by: Tasko Pal
What a shoddy observation. Odds are very good that a substantial portion of CCP's assets are in ISK. That means a major loss on the books.
Our business is primarily conducted in both USD and Euro. You can read about the state of CCP in Iceland's current economy by reading Hellmar's blog.
So you guys don't have ISK valued assets in Iceland? I wasn't speaking of revenue. Still you're not publically traded, so that eliminates most of the downside from fluctuations in asset prices.
Further, given the sudden policy change, eliminating "ghost training" (I approve FWIW), that indicates that even if CCP isn't directly affected, the change in customer behavior is reducing CCP's revenue stream. That indicates to me that CCP has been "hit" and that "greed" is not the only explanation for CCP's actions.
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