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On February 12 2015 02:33 _fool wrote:
I'm not into economics, but these digits are bad, right?
Revenue Q 4: 54,052
Gross Profit Q 4: -547,366
EBITA Q 4: -546.835
Net income (loss) after taxes Q 4: -544,027
Nope... they are meaningless.
It is pretty normal, that a newly founded company that wants to play big goes into red for a longer time in the beginning.
Just look at Amazon, Facebook or Zalando.
Not saying that this here will ever turn into black. They give many reasons not to believe so. But those numbers aren't part of that.
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On February 12 2015 02:41 FLeK0 wrote:
"The event will take place the first half of 2015 and go on for four days covering major disciplines of eSports. with expected revenues over four days of over €10 Million."
ok
maybe a nigerian prince has made em a very good offer.
+ Show Spoiler +relatied to the historical email scam everyone should know
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On February 12 2015 02:33 _fool wrote:
I'm not into economics, but these digits are bad, right?
Revenue Q 4: 54,052
Gross Profit Q 4: -547,366
EBITA Q 4: -546.835
Net income (loss) after taxes Q 4: -544,027
For every dollar they make, they lose 10.
MC what have you done
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MC loves that money yo lol
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The craziest pieces of information about this 'company' can be found in their prospectus. They claim to have 4.3 million euros in assets, but 3.7 million of it is in 'intangible assets' (aka goodwill and totally sketchy here). Their current assets are 550k in receivables (where they are receiving 5x as much money as their gross income) is beyond me, and their cash reserves are 7,310 euros. That is right, seven thousand.
They apparently raised 7M in new equity, but immediately blew almost all of it and have nothing left already. This just stinks of scammo.
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On February 12 2015 01:45 geokilla wrote:Show nested quote +On February 12 2015 01:42 FFW_Rude wrote:On February 12 2015 00:36 geokilla wrote:
So first GEM was a scandal and now Trig is bad news. Will MC ever learn? He's going to become like Dear if he isn't careful. Wait what ? GEM was a scandal ? Huge one. Lots of players didn't get paid is what I read an hour ago. The community just pitch forks for one day then forgets. https://www.reddit.com/r/starcraft/comments/2vjdwv/mc_joins_trig_esports/coi568tShow nested quote +When GEM got bought by that big time agency a few weeks ago, a number of esports veterans were making tweets that badically said GEM pulled off a great scam since they never paid their clients. So I wouldn't be so quick to assume that this new organization isn't going to pay its players.
Forgive my editing. I'm on mobile. Everything was from that thread on Reddit.
The analysis linked here, while good, doesn't give enough attention to who is behind the company. Yes the company looks brand new, but in fact it isn't since it is a new form given to the main investor's previous companies.
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On February 12 2015 02:46 mahrgell wrote:Show nested quote +On February 12 2015 02:33 _fool wrote:
I'm not into economics, but these digits are bad, right?
Revenue Q 4: 54,052
Gross Profit Q 4: -547,366
EBITA Q 4: -546.835
Net income (loss) after taxes Q 4: -544,027 Nope... they are meaningless. It is pretty normal, that a newly founded company that wants to play big goes into red for a longer time in the beginning. Just look at Amazon, Facebook or Zalando. Not saying that this here will ever turn into black. They give many reasons not to believe so. But those numbers aren't part of that.
Hm, thanks for the insight. I never realized.
Also, they do have a business plan somewhere. They make money from matching online buyers to online sellers. The sellers offer a percentage reward to the matchmaker (Trig). Trig, in turn, gives some of that back to the buyer by offering "cashback". Might be legit (if still shady).
All in all it does not sound like a worthy home for the BossToss...
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On February 12 2015 01:58 SC2Toastie wrote:Show nested quote +On February 12 2015 01:16 vult wrote:
Events in Dubai?? Who the hell will go?? The only people who actually live in Dubai are rich Saudis or those who got rich from the oil industry. How would that be a market for esports???
Ugh, Reis and MC are so... idk. Just plopping in to say you are spouting massive bullshit about Dubai. Saudi's don't live in Dubai, Emirati do. Actually, they sort of hate Saudi's. Oil currently is less than 2% of Dubai GDP IIRC, whilst it was a bigger part of their income 20 years ago, it is not anymore. Dubai aims to become THE city to be in the Middle East, possibly all of earth. Their investments in infrastructure, tourism and especially their financial districts are incredible. UAE also had the biggest amount of spending on foreign aid last year. In fact, you seem completely clueless about the city. They imported 8 soccer teams last winter (Real Madrid and FC Barcelona were amongst those, IIRC). All they do is draw attention to themselves. They'll be the World Expo Host of 2020 too, by the way. So please, Dubai showing interest in SC2 is more positive to us than negative - it shows some people out there regard eSports as mainstream, or at least worth investing in. As a little sidenote, look up the book "My Vision" by Sheikh of Dubai and UAE Vice President Muhammed Bin Rashid Al Maktoum. It'll enlighten your limited view of the world. Peace out.
It's still a place where people are jailed for kissing, swearing is a criminal act, and they have regulations for women's clothing.
I don't mind that Dubai wanting attention but im not a fan of events in Dubai.
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Never heard of this team, but best of luck to MC. Hopefully they'll do better than the other teams that randomly appear, hire Koreans and disband in a few weeks.
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Kind of like when he was the only notable player on SK.
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On February 11 2015 23:42 Caihead wrote:
Dubai? Arena? Might as well add the Nigerian princes and get it over with.
lol
too bad this isn't as good a team name as Love Your Girlfriend
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Germany913 Posts
Wow, this seems really shady...
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Eh, I'll reserve judgment until things get out of hand. But, hopefully MC joined this "team" so he could properly travel to foreign events.
They should have an MC vs. PartinG BO9 where BM to the max is allowed. Sorry for the major side track.
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On February 12 2015 03:29 ejozl wrote:
Kind of like when he was the only notable player on SK.
He was on SK for a while, and if foreigner team leagues weren't that huge, I think an org picking up one really solid player is better than a handfull of OK ones. Similiar to how every team but Liquid has 1 really good Smash player.
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Germany913 Posts
On February 12 2015 03:59 lestye wrote:Show nested quote +On February 12 2015 03:29 ejozl wrote:
Kind of like when he was the only notable player on SK. He was on SK for a while, and if foreigner team leagues weren't that huge, I think an org picking up one really solid player is better than a handfull of OK ones. Similiar to how every team but Liquid has 1 really good Smash player.
Liquid actually has 4 smash players now (and they already started with 2), but yes, I can get your point to kind of "ignore" western team leagues
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Trig Social Media AB (publ) is making a serious financial commitment to the rapidly emerging esports market by creating a community-driven esports organization. It will not only host a series of major events around the world, but also set up a number professional teams in the major gaming disciplines, arranging international tournaments and adding structure to the fragmented esports world. As part of this effort, Trig has made a number of recruitments within esports.
The mid-term plan also encompasses the establishment of thirteen specialized esports arenas around the world capable of hosting a minimum of 14 000 people each. Trig’s ultimate goal is to establish a new world headquarters for esports outside the East-Asia region, and thus, stake a major claim in the esports realm.
This is from the news where they announce their LoL team.
If only half of what they plan would become true, it would truly be a fantastic story. If only...  .
Edit: http://trigesports.com/news.html
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On February 12 2015 03:44 Ja.Y. wrote:
Eh, I'll reserve judgment until things get out of hand. But, hopefully MC joined this "team" so he could properly travel to foreign events.
They should have an MC vs. PartinG BO9 where BM to the max is allowed. Sorry for the major side track.
With what they are planning, I would not be surprised if MC has his own jet to travel to events.
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If this team goes down and MC won't get paid I won't feel sorry for him. Seems like a very risky decision he made.
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On February 12 2015 04:05 TurboMaN wrote:
If this team goes down and MC won't get paid I won't feel sorry for him. Seems like a very risky decision he made.
I'm sure MC as much of a boss as he is, gets paid before doing anything.
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EPT
