ever thought about buying joymax?

BuDo · **Joined:** Dec 2008 **Posts:** 4714 **Location:**

As few people already pointed out, JM would never give up 51% of its company to the masses. Even if they did.... what are the odds that the masses will be on the same page as to what direction the game will take. People (especially the kids that play) will want their idea implemented seeing as how they feel "entitled". And not everyone's idea can be put into the game. Makes them feel powerless...Like how it is now.

I've seen first hand what happens to a good game when in the hands of the community. I've played a military 3rd person shooter for years called Soldner and watched the management team and owners pass it over to the community..All hell broke loose..the newly selected management team (part of the community)allowed the power to get to their heads. They started banning people they didn't like and creating weird rules.

Individualism is a great and terrible thing.

EquityMaster · **Joined:** Jul 2008 **Posts:** 85 **Location:** Office

BuDo wrote:

JM would never give up 51% of its company to the masses

Joymax has absolutely no control over what happens to their KOSDAQ listed shares.

PR0METHEUS · **Joined:** Aug 2006 **Posts:** 4093 **Location:** Earth

EquityMaster wrote:

BuDo wrote:

JM would never give up 51% of its company to the masses

Joymax has absolutely no control over what happens to their KOSDAQ listed shares.

Maybe not, but do the KOSDAQ shares equate to over 51% of the company? I honestly don't know much about stocks and publicly traded companies, but I would think a company wouldn't put a majority of its shares on the public exchange. Otherwise any time some rich person didn't like what was going on, he'd just buy the company.

If someone wanted to buy 51%, Joymax would have to be willing to sell some of their shares, and other share holders sell theirs as well, to add up to the 51%.

BuDo · **Joined:** Dec 2008 **Posts:** 4714 **Location:**

EquityMaster wrote:

BuDo wrote:

JM would never give up 51% of its company to the masses

Joymax has absolutely no control over what happens to their KOSDAQ listed shares.

/facepalm

EquityMaster · **Joined:** Jul 2008 **Posts:** 85 **Location:** Office

EquityMaster wrote:

We've got absolutely no idea how much they diluted themselves when they listed on the KOSDAQ. Anyways, its safe to say that we'd also have to buy out their preferred shares, which remain private. In case you haven't yet figured it out, it is 99% likely that the preferred shares would still hold more voting rights than the entirety of the float on the KOSDAQ.

There is a difference between publicly traded common stock and preferred shares/bonds.

Doomsday · **Posted:** Mon Aug 24, 2009 5:44 pm

it's better to buy crude oil.
game market is managed by people who see money in it and not gamers.

look at ubisoft (not to mention gameloft) and their vast prince of persia clones (assassin creed).

game market it's like it's not because of programmers, artists or game designers, it's like it's because of accountants and $$$.

some game design ideas:
-make an original game and clone it like xxxx times.
-take an old game and change the graphics.

I remember when one guy was telling us every week how much the company has earned... I slept a lot in those meetings.

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ever thought about buying joymax?

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