RuneScape Forum Archive | Potential Acquisition

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile

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I've stated and experience first hand of what a hostile take over is and isn't possible. I've seen my boss lose his whole company this way and yeah he had majority but all the minority had to do for the next round of funding was raise more capital and guess what once they did that he was no longer controlling his own company not even apart of it was completely bought out.

Went to court actually too cause he didn't think he got paid enough won the court battle got another 5 million dollars rofl... So he was happy in the end not happy he lost his 100 million dollar company but happy he got something at the end of it. That's not a "hostile takeover". A hostile takeover is when the management of a company repeatedly refuses a purchase offer, and the buyers go directly to the majority shareholders to have the management replaced with management that will accept the purchase offer.
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23-Mar-2016 14:33:31

Hot Zone

Posts: 120 Iron Posts by user Forum Profile RuneMetrics Profile

>****; mate I just explained he got bought out... But whatever. They were an outside investment group they had minority shares in the company they didn't like how he was running it so they raised more capital and bought him out by definition it's a hostile takeover... I don't know why you are trying to defend something that is wrong.

Long story short said group did buy him out and they couldn't run the company any better and that company died a year later after purchased. But completely off topic and I'm just saying got a whole range of tools in place that someone can employ for that sale to happen like it is happening ever day in this world.

23-Mar-2016 14:39:33 - Last edited on 23-Mar-2016 14:42:20 by Hot Zone

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile

No, by definition it isn't a hostile takeover. A hostile takeover involves replacing the management of a company with management that will accept a previously refused purchase offer.

From what you have stated, it sounds like the company was attempting to raise funding by splitting and selling off shares, and it just so happens that the minority shareholders managed to purchase a majority share of the company. In the UK, the only way they could force him to sell his shares after that would be if there was already an existing shareholder agreement, specifically a drag-along agreement. And that would only apply if the majority shareholders were planning on selling the entirety of the shares to another investor. Without an existing shareholder agreement, shares in a company are private property. You cannot force someone to sell them to you.
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23-Mar-2016 14:46:05

Hot Zone

Posts: 120 Iron Posts by user Forum Profile RuneMetrics Profile

I'm pretty sure he thought that too but hey he got forced out by a group or rather by his board of directors he approved which all ended up firing him and buying out whatever stakes he had in his company that he started.

Anyways this isn't business 101 just wanted to put in perspective that 1% theory is nothing. Others can read it and either agree or disagree but in the real world it's who ever carry the most $$.

23-Mar-2016 14:50:16

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
I'm pretty sure he thought that too but hey he got forced out by a group or rather by his board of directors he approved which all ended up firing him and buying out whatever stakes he had in his company that he started.

Anyways this isn't business 101 just wanted to put in perspective that 1% theory is nothing. Others can read it and either agree or disagree but in the real world it's who ever carry the most $$. It sounds like he had put in a drag-along clause in the shareholder agreement when he had the majority share, hoping that it would protect him should he decide he wanted to sell the entire company. If they were splitting and selling shares to raise funds, he was probably under the assumption that he would still have the majority share after the fundraising was done, unaware that the minority share were actually purchasing the split shares, thus putting them into the majority share position, at which point they enacted the drag-along clause which forced him to sell his shares. If this is what happened, then his mistake was using split shares in order to raise funds, as this put him in a position in which he could be forced to sell his shares.

However, as I've stated numerous times, without any shareholder agreements in place, you cannot force a shareholder to sell their shares, regardless of how large the majority is, or how much money you have.
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23-Mar-2016 14:57:17

Dec

2023

MapleStory

Posts: 687 Steel Posts by user Forum Profile RuneMetrics Profile

As adult players we really should have been shareholders and more aware of the situation of our own game. Maybe then we could help steer it in a better direction, or at least be aware of whats going on and what decisions are being made and why. Not a real single insider here to tell us whats going on and why they are deciding things the way they did. Is it their fault or ours?

Either way we have become the laughing stock of the MMO community because of this whole situation, if we weren't that already.

23-Mar-2016 16:59:34

Angel2D4

Posts: 15,772 Opal Posts by user Forum Profile RuneMetrics Profile

"You don't have to wait. You can just resub for the next 3 months as it is highly unlikely anything will be changed in that period.

BTW, if you still have fear about this potential acquisition, you will continue to have fear even if Jagex's current owners don't sell the company"

--

Sorry but your belief that it's highly unlikely anything will change for the next 3 months does nothing for me (and there would be no purpose in me playing for 3 months, if I don't believe the game will be accessible after that 3 month period).

The opening post suggests that more information will likely be available the end of April (meaning it's business as usual til the end of April). However, it doesn't bode well, IMO, when gold posts come in for nothing more than to clarify how jagex differentiates HR and PR and offer nothing more than that. Not a single answer, to even the most simplistic of questions (I don't need reminded of non-disclosures, either, what a stupid argument that was).

BTW, I have no fear about this acquisition. A morbid curiosity of what will become of runescape yes, lol, but no fear. Sympathy for what the jmods could potentially face in all this (not the players because there's dozens of games out there, but the jmods who could lose their jobs).

Above all else, massive curiosity about what a China owned runescape might look like so I think it better not to presume people are 'in fear' of what will happen (I don't believe I'm the only one who is curious about this, rather than in fear of it). "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity" -Martin Luther King Jr.

23-Mar-2016 17:31:00

Nexus Origin

Posts: 21,010 Opal Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
Not a single answer, to even the most simplistic of questions Sure, if you ignore the "Frequently Asked Questions" in the opening post...

Original message details are unavailable.
Sorry but your belief that it's highly unlikely anything will change for the next 3 months does nothing for me (and there would be no purpose in me playing for 3 months, if I don't believe the game will be accessible after that 3 month period). Why on earth would you think the game wouldn't be accessible if the deal goes through? Are you assuming that they intend to spend hundreds of millions of dollars to simply shut the game down?
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23-Mar-2016 17:39:45

Dec

2023

MapleStory

Posts: 687 Steel Posts by user Forum Profile RuneMetrics Profile

Runescapians hate change, I wouldnt be surprised if half the community left again, the moment they notice any perceivable changes being made or a new direction for the game, good or bad it doesn't matter.

23-Mar-2016 17:51:05 - Last edited on 23-Mar-2016 17:54:24 by MapleStory

Angel2D4

Posts: 15,772 Opal Posts by user Forum Profile RuneMetrics Profile

Original message details are unavailable.
Original message details are unavailable.
Not a single answer, to even the most simplistic of questions Sure, if you ignore the "Frequently Asked Questions" in the opening post...

Original message details are unavailable.
Sorry but your belief that it's highly unlikely anything will change for the next 3 months does nothing for me (and there would be no purpose in me playing for 3 months, if I don't believe the game will be accessible after that 3 month period). Why on earth would you think the game wouldn't be accessible if the deal goes through? Are you assuming that they intend to spend hundreds of millions of dollars to simply shut the game down?

The FAQ in the opening post addressed the most frequently asked questions in the 24 hour period BEFORE this thread was created (it obviously couldn't answer questions asked in this thread at creation). It's perfectly fine if YOU don't need more answers (I've seen that a fair few in these forums simply nod their heads and follow the pack). However, trying to claim they've addressed the most frequently asked questions of this thread, prior to starting this thread, is a nice little spin, but it failed.

Why on earth are YOU assuming it would cost them "hundreds of millions of dollars" to shut the game down? Or that I'm assuming they'll simply shut it down?

Dude, it wouldn't cost one red cent to shut it down (and no matter how you try to twist my words, I didn't say they'll shut it down, but sure they could, and it wouldn't cost anything to do so).

No, I think it's possible this game won't be accessible based on nothing more than the games market in China (where nearly all, if not all, are already locked to China and ONLY China) and I don't see anything that indicates this one would end up any different.

You might. I don't. "Nothing in all the world is more dangerous than sincere ignorance and conscientious stupidity" -Martin Luther King Jr.

23-Mar-2016 17:53:59

Forums

Potential Acquisition - Update

Nexus Origin

Hot Zone

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Hot Zone

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MapleStory

Angel2D4

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MapleStory

Angel2D4