| binary solo said: Whew, 2014 net income was pretty shite. But seems pretty dumb to make a law against publicly announcing good news sales, i.e. everyone gets to know them at the same time, vs only announcing them to a financial market authority behind closed doors. |
Well, considering that their last game before 2015 released in 2011 (except the The Witcher adventure game which released end of 2014), that Witcher 3 was supposed to release in 2014 so that they had some higher costs as expected, that they increased the number of theri workforce last year and that they also invested already in a second franchise I think it's decent. Most other videogame companies would lose some money in such a situation.
The Witcher 3 will also help to push GoG.com in the long run, I think they even said that they sold already like 700k units only over GoG and some of the customers were probably new ones who will buy other stuff as well in the future.
Talking about that law, I can totally understand it. It's not as if that law is made to annoy people, it's probably there to prevend insider trading, to protect investors and so on. You are simply not allowed to talk about the sales of your game to anyone before you have published hat information in the ESPI system which everyone has access to. Sounds fair to me and if you don't know that as public company it's your fault.
I mean, isn't it logical that if there is a system for investors to know about something which can affect their stock value, that a public company has to post this information first (or at the same time) in this system? Do people really think that investors shouldn't be allowed to get this information at least at the same time over this system? It's not about getting the information before other people, it's to be sure that investors can get the information at least at the same time as every other human on this planet. Investors have to have the right to react to news at the moment they are published and that is only possible if it's published first in this system and not if a company can publish something important where and how they want. Investors can't check every single internet site and whatever on this planet to hear about something immediately, that's why they have this system to look at.
