Thank you for the Shares/Investments 101 primer... I'm well acquainted with how this works.
But there is a pertinent point that is being overlooked.
"The initial deed payment will be done February the 25th and will then continue on a monthly basis.
The ComPet deed revenues have been accumulated per month since the launch of the app."
Best regards,
Henrik Nel
CEO MindArk
Deed revenues are paid out on a monthly basis and have been accumulated on a monthly basis.
This has been occuring since the launch of the app, ie: approx 12 months.
Buying a deed before the first payout date you receive the deed payout for 12 months, thereafter for 1 month.
Not because the revenue hasnt been collected, not because it hasnt been declared, it is not reinvested, or realised in another form, not for any other reason except the deed ownership has not been tracked.
That is the point. There is no real-world stock/investment situation where this occurs.
No problem with opinions regarding poor investments or associated risk, but facts are facts - and im simply airing them.
Believe it or not, this sort of thing happens pretty frequently with IPO's. The only difference is the IPO's dont tell you when the dividends started to accrue. They dividends are released with a message explaining the fact the dividends have been accruing, but havent been released since the amount was small. Releasing payments right away in the ~1-10pec range would have most likely caused alot of people to cash out of their deeds, thus potentially destroying the game. Same as the "IPO" mentioned before. Showing low returns before you can absorb the sell-off of investors is a game ender.
Either way, MA needs to get their shit together. I honestly dont know how they are allowed to operate the way they do without getting shut down. While that may have worked a decade ago when the virtual universe wasnt a big deal, the times are changing, and im sure the virtual world will become more regulated.
