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Thread: Over and out for Funcom?

  1. #1

    Over and out for Funcom?

    This probable doesn't have any connection to the delay to beta invites, but the economical news headlines reads "All Funcom stock trading stopped - Economic crimes unit at the Funcom offices".

    Apparently there's been some trickery in the FC stock price and dubious trading. For those who read norwegian, a link to the article is here: http://e24.no/boers-og-finans/boersp...tedet/22740513 - google translate here: http://translate.google.com/translat...det%2F22740513

    Really hope this doesn't mean it's the end of FC...
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  2. #2
    Does not suprise me at all...
    Last edited by Google; Jan 29th, 2014 at 11:14:18.

  3. #3

    Over and out for Funcom?

    According to Norwegian news, Funcom headquarters in Norway are being "raided" by ecocrime police.

    The Funcom stock has been put on hold for now.

    http://www.na24.no/article3748525.ece
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  4. #4
    Funcom may be finished. Let a new company buy out the games and actually do something with them.

  5. #5

    Post

    That article says they are being investigated for trading in other share markets and evading a little tax here and there. Well I can promise you they are not alone, starbucks pays no tax in the UK.

    They where also investigated, and trading also frozen for the UK sector while that went on, 12 months later and coffee still happens.

    I would expect some kind of official response, if not here then on the FC site at least.
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  6. #6
    Official reply from Funcom:

    "Økokrim (the Norwegian National authority for Investigation and Prosecution of Economic and Environmental Crime) has charged Funcom N.V. based on su****ion of infringement of the provisions of the Securities Trading Act with regards to the financial information given to the market regarding The Secret World from August 2011 until the launch of the game in July 2012 and the two months following the launch. In the view of Økokrim, there also exists a probability that the company has not maintained the required log of information within the company during that time.

    The Company is fully cooperating with Økokrim".

  7. #7
    We can only hope that if the worst happen some other company will buy out licence,copyrights and hire best programmers and developers from FC and continue AO ...
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  8. #8
    If this is just another insider trading dealy it should not affect Funcom in any earthshaking way.
    Last edited by Notcrattey; Today at 05:51:45. Reason: Didn't actually edit it, was a mistake!

  9. #9
    i hope this game is bought by another company cuz funcom sux

  10. #10
    Quote Originally Posted by Difs View Post
    i hope this game is bought by another company cuz funcom sux
    In what way exactly do FC suck. I have to disagree with you. FC have bought me plenty f hours of enjoyable entertainment. Yeah, some things they have done are questionable, but to say they as a whole suck sint realy fair.

  11. #11
    Quote Originally Posted by Dogtrauma View Post
    If this is just another insider trading dealy it should not affect Funcom in any earthshaking way.
    I think it's the most obvious reason out there...
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  12. #12
    If thks goes to hell. I really hope ao gets bought up and carried on.. its the game i always goes back to.. no matter how many breaks i take..
    For the funz....

  13. #13

  14. #14

  15. #15
    Quote Originally Posted by fakiiri View Post
    Don't wait too much for your invites:

    http://www.polygon.com/2014/1/29/535...-investigation
    Delisted and under investigation. This will end well.

  16. #16
    Quote Originally Posted by Difs View Post
    i hope this game is bought by another company cuz funcom sux
    Right, let's see how long AO stays online if FC gets bought up by SoE ^^


  17. #17
    I doubt it would be SOE. It will probably be some no name korean brand or none at all. The right to IPs would be the real treasure not the game. You would see AO2 by a company that actually cares.

  18. #18
    Quote Originally Posted by doctorgore View Post
    I doubt it would be SOE. It will probably be some no name korean brand or none at all. The right to IPs would be the real treasure not the game. You would see AO2 by a company that actually cares.
    You'd see AO2 as another WoW clone if anyone else than funcom made it.
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  19. #19

  20. #20
    Quote Originally Posted by ultion View Post
    Delisted and under investigation. This will end well.
    Well, the case has only been building since just before TSW launched... and back then everyone wanted it. Now noone wants it, but hey here it suddenly is. Those under scrutiny are no longer with FC.
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