Sigh.. one guy who has no idea how to read financial documents makes an uninformed post at nma and it spreads like wifdfire. Allow me to shed some light.

Go get the 10-K in the previous link. Page F-3,
Trade receivables, 199,000
Other receivables 21,000
Deferred income 541,000 http://en.wikipedia.org/wiki/Deferred_income
so thats 762,000 in future money.

now factor in that about 9 years back gamesas had over 120 Million in debt and now they ony have 2.8 million. They paid this down by selling off Hunter the recokning for 15 million, Galleon, shiney entertainment and the matrix property, and most of fallout.

so while gamesas keeps little cash on hand they do have incomming revenue.
now a company like gamesas is going to have losses or expenses, that happens when your making Fallout Online.

2nd, The 10-K is from December 31, 2010. Since then they have released Prehistoric for the ipod,
Death and the Fly for PC, MDK-2 for the nintendo Wii and have several games in development.
Games that are bringing in needed revenue and income w/ more releases on the way.

They license developers to make the games and they take a cut. This is a low risk , low capital way of doing things and given they are not rolling in money its a smart way to do it.

3rd, They will win the Battle Chess lawsuit. For those that do not know a company called Topware tried to make a came called Battle vs Chess. where the vs was simply 2 crossed swords. Sorry,, thats a no go. gamesas won the injunction and they will win the case hands down. Easy money in the bank.

4th. Funding.. Interactive Game Group has put up 15 Million to fund Fallout Online and Masthead Studios has put up 20 Million dollars. Thats 35 MILLION dollars guys. Say it with me.. THIRTY.... FIVE.. MILLION DOLLARS. THIRTY FIVE MILLION GREEN BACKS.

If you read SEC statements often (like i do) you will then realize that these statements of "we may not be able to do this.. or that" are just legal blanket statements. Of course they might fail and of course they are not rolling in money but after the disaster that Brian Fargo left gamesas in (even after Herve funded them via Titus Interactive) they are doing much much better (120 Million in debt vs 2.8 Million)

so what you have here is a person who has no idea how to read a SEC statement, who has not read the prior statements and who is just assuming that gamesas is at the verge of death but the opposite is true.
they are comming out of a coma and starting to make progress.

All it takes is one man to write a hack job at nma and presto.. viral.. did the gamestop teenage 'reporters' look into the article? I bet not.. nope.. they just steal the article just like the other web sites do.

Now if we could only get an update on whats going on w/ Descent for the Wii????

QFT

Quite right. I wanted to make a comment much like yours when I first read the article but noticed it was posted all over the internet. No company goes into development of a new product making profit right off the bat, the return isn't seen until after release and several years down the road there after. Those are called models and flows which clearly the author of the article doesn't understand.

what does this mean?

also, i forgot to mention that Earth worm jim shirts are being sold at Hot Topic. We should see that fall under other revenue in the next filing. Most likely wont be a ton of money but its free money.

What people fail to realize is under Brian Fargo gamesas grew but it also almost died. Herve kept it alive and has been nursing it for what.. about 8 years.

Once more revenue streams start (stonekeep, descent, battle chess) we will have more sales and more revenue which will add fuel to the fire.

IF gamesas can win the lawsuit in 5 or 10 years you could be looking at a much larger different company.
A speculative investment for sure but one that could pay off in spades.

what gamesas needs to do is pair up to make a new Freespace game, new descent, dark alliance, we know battle chess is in dev already, new earth worm jim. we also know that facebook games are in development.

Eventually they can start to make new IP's.

---------
now for arguements sake lets say gamesas does hit a hard spot and needs cash. They could sell some IP's such as Earth Worm Jim, Descent, Freespace, MDK.

So its far from being a risk free investment http://www.google.com/finance?q=iply but given if they can grow the company in a couple of years you might be looking at a multi bagger. But if they fail worse case you only lose what you put in. Given the IP they own i think the risk is acceptable.

what does this mean?

That's "quoted for truth". Gaaaaaaary!

Thank you SO MUCH. Finally someone who can explain Finance in a clearly grammatical way! I think I might buy one share in gamesas now and see if the price is driven up 0.005 dollars! I'd make a steal!

The Republic of Dave took the Hoover Dam!

no, he didnt. herve is the ONLY reason gamesas went under.

[/quote]no, he didnt. herve is the ONLY reason gamesas went under.[/quote]

I think several reasons were culprit for gamesas going down. Now i do not speak from 1st hand experience but we can look at a lot of the pieces and try to put together the puzzle, make some assumptions, and hopefully come up w/ some conclusions.

ok.. lets start shall we.

1. Brian Fargo (and i like the guy personally btw, hell he even put up his own money to keep the company going) did not make the transition from PC gaming to Console gaming and i quote "From a market perspective, I would have clearly moved onto the console platforms much faster than we did. We moved slowly to change--our approach being influenced by a background of over a decade of straight profits from the PC. The cheese didn't just move, it teleported." - source Brian Fargo
http://www.gamespot.com/news/2848777/brian-fargo-interview?page=2.

also this is a very good interview. Mr Fargo really covers console gaming around 3 1/2 mins in it and how they dropped the ball.
http://www.youtube.com/watch?v=apg08u6n2YM

2. Lack of blockbuster titles. Yes, fallout was amazing and descent was great. Baulders gate while selling like crazy required gamesas to pay royalities to TSR and Bioware thus cutting into profits. They had successful products but the did not have a blockbuster product (he covers this in the above interview)

3. Lack of titles put out. gamesas only released ten titles in 2001, compared with 32 titles in 2000.

4. He slept w/ the devil. Brian got in bed w/ titus interactive when the money started to run out http://articles.latimes.com/1999/mar/20/business/fi-19106 and eventually titus assumed control of gamesas http://articles.latimes.com/2001/aug/17/business/fi-35052. IF mr fargo and gamesas were a stunning success story he would not have had to go to Titus Interactive for funding but he did...and well, that didnt work out for him too well. Titus takes over gamesas, after it lost money 9 out of 10 quarters.

5. I'm sure after the take over friction was high as the former head honcho at gamesas was put on the back burner.

So saying it was only Herve is simply not true.

So are all the news stories (http://www.escapistmagazine.com/news/view/110516-Fallout-Online-Threatened-By-gamesas-Financial-Woes) just being overly pessimistic? I would really love the Fallout MMO to go ahead. Also, such a game with monthly payments would easily equate to a steady financial stream thus making it a sturdy investment, surely!

I'd like Chris to give us his two pence, whatever it is.

All of this came from a site called no mutants allowed.
One guy who can not read financials, who obviously has little if any experience with the stock market, decided to try to read a form.

LIONS AND TIGERS O MY! , only 3,000 in cash and vola.. a story and hits for your site.
other sites jumped on it as they realized they could get hits for their sites as well by copy and paste.

on the surface, yes it looks terrible. 3k in cash and 2.8 million in debt.
read my prior posts and all of a sudden the picture is different. Granted, still not lovely but much different.

everything comes down to how the jury rules next mid december when the case goes to trial by jury. -source pacer legal system.
That is the date when you will know for a fact if FOOL is going to happen or not.

It seems to have originated from Develop, not No Mutants Allowed.

but i do. iwas was a member of gamesas when it all went down. things were fine until herve took over.
now i curse his mane.

anyways- NMA huh. figgures. insert contemputous ssniff here).

but i do. iwas was a member of gamesas when it all went down. things were fine until herve took over.
now i curse his mane.

anyways- NMA huh. figgures. insert contemputous ssniff here).


OK, I call your claim, you are whom?

Dave Chase

undergroun d

Okay besides from the pissing contest above, is there any official word from gamesas rather than a SEC form (13K to be precise) that we can go off. I understand they gave a legal brief attached but they must of given a press release of some sort, or will. It'd help calm nerves of both fans and investors alike, I'd assume.

I don't profess to be an expert, this is just simple logic assumed from my POV. Since this clear up, it seems like they are on the right track and the FOOL, as I aforesaid, will likely be a good cash cow once produced. As for the trial, what will Bethesda do once it blocks said license? It seems very pettty on their end, but I suppose this is the way of the industries these days.

Heres to hope!

Why would there need to be an official statement? The SEC filing is their statement. And as I've stated before, it's been included in all of their previous statements so it's nothing to worry about.

im not worryed about the money side; i am worried how long its gonna take.

or at least the way they do things.

if they win, they can cotnrol the name. they could then icence and/or sell it for more mney.

imagine you onwed the word "A": everytime any1 unsed the word "A", you could make them pay you an amount of mney, even if ti's just say .000001$ (not even sure how many times it's gotta be used to equal a whole penny, but that's not the point).
let's sy I sue you for control of the word "A". right wrong or indefrent, if I get control of the word "A", i can start making everyone pay to use that word- taht's potentially a LOT of money even every day.

pm underground. i would like to chat about your experiences.