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On June 29 2013 03:24 renaissanceMAN wrote:Show nested quote +On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 
9 billion of debt isn't terrible when you make 23 billion in revenues per year.
That's a lot like accenture PLC, SONY corp, etc.
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Saw this coming with how sketchy Azubu is
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On June 29 2013 02:39 Vonthin wrote:Show nested quote +On June 29 2013 02:13 SilverStar wrote:On June 29 2013 01:19 Vonthin wrote:
Looks like the streaming service will still be supported by "Azubu Germany". I tweeted CLG's manager to see if they are going to switch to twitch with Azubu shutting down and he said that they aren't shutting down Why would they inform him when they shutdown... You have to be blind to see that sooner or later the streaming site will be gone too. There is NOTHING behind it. Their server capacity is RENTED just like own3d.tv's was... I agree with you that it won't last much longer but he might know some things that we don't. The streaming service is ran by "AzubuNorth America" according to the Azubu.tv page and Kelby has friends who work there
Let me put it this way. The Azubu brand has become useless. You literally cant do anything with it, you have a brand that is being investigated for a white-collar crime. Why in gods name would you keep pouring money into it? Maybe kelby has a pot left from the goo' ol' days but you can bet you ass it is only a matter of Time till someone picks up on it. Do you really think they will get a longer notice than the korean office did?
It is the usual "relax everyone, everythin is fiiine" before everyone finds their stuff at the front of the door.
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On June 29 2013 03:26 StarStruck wrote:Show nested quote +On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? That's why people are saying it.
What do you mean?
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On June 29 2013 03:33 Fyodor wrote:Show nested quote +On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc.
Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business.
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On June 29 2013 03:24 renaissanceMAN wrote:Show nested quote +On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right?
How would a gaming team become self-sustaining? I don't think there is actually enough prize money out there for a team to be able to support itself off of. The money would be coming from the sponsors of which STX would be one. It can also be assumed that STX is putting the most money towards the team since the team is called STX, otherwise if one of their other sponsors were putting forth the majority of the money wouldn't they want the team named after them? The team may be able to re-form under the same sponsors they had as STX with a new major backer but I don't think a gaming team can really become self sustaining.
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NaDa should seriously just go into male modelling.
My other thought is that NaDa and Iris might be able to join a KeSPA team as coaches.
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On June 29 2013 04:07 PVJ wrote:Show nested quote +On June 29 2013 03:33 Fyodor wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc. Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business.
Guys these things literally takes 20 sec to google:
http://www.stxpanocean.com/Eng/IR/Financial/major-ifrs.aspx
TLDR, declining sales, negative income, increasing debt == that company is in deep trouble
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On June 29 2013 04:01 renaissanceMAN wrote:Show nested quote +On June 29 2013 03:26 StarStruck wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? That's why people are saying it. What do you mean?
As in the pro gaming team would go bye bye. KeSPA is backed by the Government; however, looking back at the past. It doesn't really look good for the team like many of the other teams that went adrift.
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On June 29 2013 04:16 heartlxp wrote:Show nested quote +On June 29 2013 04:07 PVJ wrote:On June 29 2013 03:33 Fyodor wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc. Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business. Guys these things literally takes 20 sec to google: http://www.stxpanocean.com/Eng/IR/Financial/major-ifrs.aspxTLDR, declining sales, negative income, increasing debt == that company is in deep trouble
Which means you'd think they would cut the gaming team almost instantly, but they haven't yet.
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The sad way to do things. Esports should be a vector of change in that matter (how to end a project without being terribly mean and uncaring). Transparency, communication!
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Has anyone even figured out what Azubu does (did)? I sure as hell haven't.
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On June 29 2013 04:40 claybones wrote:
Has anyone even figured out what Azubu does (did)? I sure as hell haven't.
Laundered money.
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On June 29 2013 04:16 heartlxp wrote:Show nested quote +On June 29 2013 04:07 PVJ wrote:On June 29 2013 03:33 Fyodor wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc. Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business. Guys these things literally takes 20 sec to google: http://www.stxpanocean.com/Eng/IR/Financial/major-ifrs.aspxTLDR, declining sales, negative income, increasing debt == that company is in deep trouble
that doesn't mean that much, you have to do a inter-industry analysis to determine whether it is really in trouble or not.
high debt to equity can also be a feature of this high operating cost for trading companies as well
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On June 29 2013 05:20 ETisME wrote:Show nested quote +On June 29 2013 04:16 heartlxp wrote:On June 29 2013 04:07 PVJ wrote:On June 29 2013 03:33 Fyodor wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc. Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business. Guys these things literally takes 20 sec to google: http://www.stxpanocean.com/Eng/IR/Financial/major-ifrs.aspxTLDR, declining sales, negative income, increasing debt == that company is in deep trouble that doesn't mean that much, you have to do a inter-industry analysis to determine whether it is really in trouble or not. high debt to equity can also be a feature of this high operating cost for trading companies as well
STX is a massive corp, that ocean liner part of STX maybe operating at a loss but the company as a whole I doubt is.
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On June 29 2013 05:33 Pri1230 wrote:Show nested quote +On June 29 2013 05:20 ETisME wrote:On June 29 2013 04:16 heartlxp wrote:On June 29 2013 04:07 PVJ wrote:On June 29 2013 03:33 Fyodor wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc. Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business. Guys these things literally takes 20 sec to google: http://www.stxpanocean.com/Eng/IR/Financial/major-ifrs.aspxTLDR, declining sales, negative income, increasing debt == that company is in deep trouble that doesn't mean that much, you have to do a inter-industry analysis to determine whether it is really in trouble or not. high debt to equity can also be a feature of this high operating cost for trading companies as well STX is a massive corp, that ocean liner part of STX maybe operating at a loss but the company as a whole I doubt is.
Furthermore, very few of us here are qualified to speculate at what is occurring inside the sphere of the company. Few of us understand their economic market and the market outlook for STX and because of that it is really a bad idea to start taking blind shots in the dark about the future of the gaming team sponsored by STX.
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On June 29 2013 05:20 ETisME wrote:Show nested quote +On June 29 2013 04:16 heartlxp wrote:On June 29 2013 04:07 PVJ wrote:On June 29 2013 03:33 Fyodor wrote:On June 29 2013 03:24 renaissanceMAN wrote:On June 29 2013 03:16 Shellshock1122 wrote:On June 29 2013 03:10 Straxis wrote:
why would STX disband? they just gained a lot of exposure because innovation, but anyway. _I believe this is only the first stage of the problem and a lot of teams will going to disband soon Apparently the STX company is like $9 billion in debt If they were in that much debt I feel like the gaming team would be the first thing to go... I was always under the impression that the big korean powerhouses are somewhat autonomous from the actual companies that have their name on the jersey. I'm sure there's some money involved somewhere, but at some point it becomes self-sustaining...right? 9 billion of debt isn't terrible when you make 23 billion in revenues per year. That's a lot like accenture PLC, SONY corp, etc. Is it actually debt or just YoY operating loss? If it's one, what's the other -- I've never actually read up an article about it but I know they were one of the chaebols which were quite hit by the recession / eco. crisis because of their nature of business. Guys these things literally takes 20 sec to google: http://www.stxpanocean.com/Eng/IR/Financial/major-ifrs.aspxTLDR, declining sales, negative income, increasing debt == that company is in deep trouble that doesn't mean that much, you have to do a inter-industry analysis to determine whether it is really in trouble or not. high debt to equity can also be a feature of this high operating cost for trading companies as well
It's not publicly listed in a foreign exchange like an NYSE so getting good information would be difficult. That said, they have some financials floating around.
http://www.reuters.com/finance/stocks/overview?symbol=011810.KS
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=011810:KS
It's not a pretty picture since they lost far more money in the last 12 months than what their company is currently worth.
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Please join Axiom to create the ultimate team of former oGs and Slayers!
Or, at least, please get uncursed by the universe 
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Relevant to the tangent this thread has taken in the past page or two, STX Corp recently filed Chapter 15, Title 11 in the United States, which is similar to filing Chapter 11 for domestic companies.
Obviously, STX is Korean-held so they were forced to use Chapter 15 instead of 11. On that note, its (Korean) creditors may take majority shareholder because nobody was willing to buy up STX PanOcean's debt, so that subsidiary, along with the company itself, may soon be out of chaebol family's ownership.
Financial downturn during the first quarter of 2013 was caused by a global decline in demand for shipping in conjunction with the financial strain of an overabundance of unused ships.
source
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EPT
