Let's see some financial statements.

so what about thread?

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DarthSki44 wrote:

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strTrader wrote:

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DarthSki44 wrote:

They cannot legally "hide" their financials. They can delay reporting if they wish, many companies do, but before the end of Q1 2022 we will see these numbers published.

They have no obligation to disclose their financials to the public as a private company. That being said, annual report do take longer to prepare given all the year-end adjustments/audit etc.

They are not a private company, and that is not NZ law, including required 3rd party audits.

So yes, they in fact are, obligated, and the financials will be available to the public in NZ just like last year.

GGG is a private company with controlling interest held by Tencent. They are not listed on any exchanges and its equity is not publicly traded. In terms of reporting requirement you can check here (https://www.ird.govt.nz/managing-my-tax/record-keeping/financial-reporting-for-companies/financial-reporting-requirements-for-companies). Since GGG is part of a multinational (Tencent) it must meet minimum reporting requirement (and other requirement based on its balance sheet and income statement).

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Shagsbeard wrote:

Wow. A whole $50. Thanks for supporting.

But Shag, he has given us SO MUCH MORE in content creation.. not on his Twitch channel, mind you. It may lay barren and forever in follow-only chat, but his contribution to the forum is a blessing to us all!

/s

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ArtCrusade wrote:

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Shagsbeard wrote:

Wow. A whole $50. Thanks for supporting.

But Shag, he has given us SO MUCH MORE in content creation.. not on his Twitch channel, mind you. It may lay barren and forever in follow-only chat, but his contribution to the forum is a blessing to us all!

/s

Isn't he the best of the best in all games he has always played? He should have no problems getting viewership on Twitch, earning all that money he so desperately crave for in PoE.

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Phrazz wrote:

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ArtCrusade wrote:

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Shagsbeard wrote:

Wow. A whole $50. Thanks for supporting.

But Shag, he has given us SO MUCH MORE in content creation.. not on his Twitch channel, mind you. It may lay barren and forever in follow-only chat, but his contribution to the forum is a blessing to us all!

/s

Isn't he the best of the best in all games he has always played? He should have no problems getting viewership on Twitch, earning all that money he so desperately crave for in PoE.

But it isn't worth his time unless he makes like 100k a month apparently.

Earlier than you
Much much much much more than you
Also more than you

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ShowUs wrote:

I wish people would do a bit more research before posting online.

You can't expect to come to a Kopo thread and get reality as the content.

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Imanubcake wrote:

But it isn't worth his time unless he makes like 100k a month apparently.

Well, he is still waiting for GGG to pay him to play and promote their game.

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strTrader wrote:

GGG is a private company with controlling interest held by Tencent. They are not listed on any exchanges and its equity is not publicly traded. In terms of reporting requirement you can check here (https://www.ird.govt.nz/managing-my-tax/record-keeping/financial-reporting-for-companies/financial-reporting-requirements-for-companies). Since GGG is part of a multinational (Tencent) it must meet minimum reporting requirement (and other requirement based on its balance sheet and income statement).

That's not exactly how it works.

GGG used to be a privately held company. Currently they are a portfolio business owned by a publicly traded, international company. If you want to invest or trade in GGG stock you cannot, you do so with their owner, Tencent.

That said GGG physically operates in NZ, which have requirements for internationally owned companies (not to mention Tencent is publicly traded, and is the actual owner)

Perhaps we are battling semantics here, because I believe you are saying they must report, which is what I'm also saying, but it's doing so because of their ownership status. If it was a truly, privately owned, NZ company, they would not have to do so.

Again, GGG is allowed to operate under their name and license as it was apparently agreed upon in the western realm control, but dont be mistaken. From a technical standpoint, GGG isnt really its own company anymore. Its Tencent. I wont claim to know the specifics of the operating agreement, but let's not distracted into thinking that GGG took some publisher money to help with the PoE development future. The company was sold.

As you can tell by most of the replays so far only few have chosen to disclose their financial choices, and that's alright. The problem today with the F2P model is that the "whales" are hurting themselves more by throwing significantly more $ than they should on a product, and then they completely stop spending. Sure, it might be good in the short term, since voting with your wallet will push the developer to finally start delivering you a fully baked pie, but that will only last until the developer will have the opportunity to go back to selling the half baked pie or completely stop selling it when the fully baked pie is also not delivering the outcome.


Example, spending $250-500 on a product through 4-5 years is a much better decision, because often throwing money is not the solution for getting the ideal result, and many are aware about this, but there is a certain percentage that are not, which is why there's always potential profits with whatever you advertise to the masses.

The only time I can see myself spending more than $100 on a product annually it's when I know most of that support won't go to the developer pocket, but instead either in making a far more enjoyable or rewarding product. The only good news of this story is that Tencent unlike Chris Wilson has an army of shareholders (investors) who also have their own advisers, and unlike founders and CEO's on successful company who end up super rich, investors are spending $ to earn more than what they would get from keeping em in the bank.


A pandemic that seems there's no end to, that's also getting worse now, a lack of competition for an extensive period, a large player base, and the product today being in a better technical and visual state are the only reasons GGG hasn't seen the sunset by now, unless Tencent does in fact have the power within their contract to make decisions over Chris Wilson or anyone else he has hired within GGG.

I know for a fact it's much difficult to gain back the trust and support when it's already lost, which is why I witnessed so many companies within the industry and their products to cease to exist rather than become only better through time.

Broken record