By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Forums - Gaming Discussion - CDPR could lose its 2014 net income for posting sales numbers of Witcher 3

super6646 said:

I think its BS because they told the public at the same time as their investors. OH, we couldn't make "AS MUCH" money, greedy bastards!!!! Wow, I can feel the hypocrisy.

You don't seem to get that point, if not everyone will get the information at the same time (which this system shall ensure) then some have an advantage above others and in a bad case, you as investor can't react fast enough to bad news so that it's not only about "making as much money" but also about "losing not too much". They as public company decided to be a public company who sell shares to investors so that it's obviously the good right of these investors financially involved in this company (or those who want to invest big in them) to hear about it instantly. These investors are after all the people who put their money or if they invest for other people then other peoples money in this company so that there is obviously a system to ensure that these people can get the information in the second it's released.

The system isn't to tell "the investors before the public", nobody complaint that they released the information like they did, they just had to release it also in the ESPI system at the same time and not after they released it somewhere else (no idea how they did it) so that some guys had an advantage above others. 

Just look at it like this:

There are 1000 investors (already invested or potential investors, doesn't make a difference) who can all get the same information at the same time ensured with this system. This ensures that nobody has an advantage and that's how it should be. But if you release your information somewhere else before, some of these investors might be lucky to hear about it earlier as the others and those who will hear it later didn't do anything wrong as long as they use the standard system made to let everyone know about it at the same time. That is obviously fucked up because those who heard earlier about it are like "insiders" then (and insider trading is not allowed) even if that was never CD Projekts plan. 



Around the Network
DakonBlackblade said:
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.


The law isnt againt publishing sales numbers to the public, its against publicing those numbers before posting them in the system that inverstors use to track company reports. This law is in place propably to asure that different investors will all receive the same informations about a companys sucess or failure at the same time, preventing insider tradding and stuf like that.

Public disclosure through the media is by definition anti-insider trading. Once information is freely available in the public domain no one can be accused of using that information for insider trading. It's only while information is in the hands of a few people that insider trading can happen.



“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell

"When the power of love overcomes the love of power, the world will know peace."

Jimi Hendrix

 

Sounds like a stupid law.



binary solo said:

Public disclosure through the media is by definition anti-insider trading. Once information is freely available in the public domain no one can be accused of using that information for insider trading. It's only while information is in the hands of a few people that insider trading can happen.


Ye but if you havent yet released this info to the investors, you couldve given it to someone specifically and told him you were gona release it to the public, them released it to the public to increase the values of the companys share and the only person that would know about this is the one you told to. Its a bit extreme the law but it does have a logic behind it.