| Monday, March 18, 2013 - 04:20 pm |
So an enterprise purchased enough shares to control several corporations located in my countries. Basically, it bid up the corporations prices to unreasonable levels where every investment fund was compelled to sell. In the process, it went bankrupt with over $20T in negative cash and loans.
Now, the enterprise is deregistered, either do to negative cash or by the user, but it retains a substantial number of shares. Enough that if it retains them it would be impossible to return the corporations to truly public status.
So, the question is, will it release these shares at some point. Will they sell or disappear or something?
Here is a link to the enterprise page in question:
| Monday, March 18, 2013 - 10:59 pm |
My guess would be, once the game updates( or the membership expires), that CEO and all corps in that CEO will dissappear
| Tuesday, March 19, 2013 - 07:58 pm |
Nah, the shares owned by the ent will be bought by gamemaster enterprise. Then you have to wrestle them from him. Regular private corps I believe do disappear.
| Tuesday, March 19, 2013 - 08:15 pm |
Well, things are moving now. Here is what I noticed so far.
Candin interceptor missiles, in which the derreged enterprise owned 30% and I had two different entities own 25% each, completely disappeared. No news of its closing. Just gone, with the corporations graph showing one less corp. I lost over $1T in value in shares on this.
CC2 Precision Bombs 1, 2, and 3, which have a similar share situation in which I have several entities that own a total of half of the corp, indeed have a situation now where the shares are being sold. Unfortunately, these corps also had 50 each of effectivity and quality upgrades stripped from the corps from a value of 250 to 200. This will make it much more difficult for these corps to retain their value and attract investment from investment funds.
Something is wrong if a new enterprise is allowed to go into this much negative cash and cause this much damage.
| Tuesday, March 19, 2013 - 08:24 pm |
We are told there will be no corporation crisis if people were to deregister several entities because of the change in GC distribution.
Perhaps you would be better naming the enterprises and countries and worlds involved Aries. The GM will likely give an explanation then.
| Tuesday, March 19, 2013 - 09:22 pm |
the same exact thing has happened to me..... how do I wrestle back the shares?
| Friday, March 22, 2013 - 11:38 pm |
| Saturday, March 23, 2013 - 12:17 am |
I finally was comfortable with the share price and regained my corps that didn't disappear. Now it will take some work to restore them to their previous value.
| Monday, May 20, 2013 - 10:43 am |
Yea the same happened to me with a ghost enterprise that bought majority shares and took control of a corporation that went from state to public. Then they deregistered and i couldn't but it back because it said it was still owning the shares, then the gamemaster bought them... Now what
| Tuesday, May 21, 2013 - 11:49 am |
When an enterprise is bankrupt or deregistered, the private corporations do not have a share holder and become the ownership of the gamemaster enterprise.
publich corporations are losing their largest shareholder. The shares that were owned by the enterprise are transferred to the gamemaster enterprise.
All other shareholders keep their shares and nothig is chaged. The gamemaster enterprise is managed automatically at a good level.
if the corporation does not have any shareholders except for investment funds, it will be move to the gamemaster enterprise.
Gamemaster corporations can be easily purchased by any enterprise, the offers are always accepted and the transfer of ownership is quick.
If you think you have seen someting different taking place, please give us the name of the enterprise, world, and the name of the corporation involved. We will look into it.
If you had 25% and the disappearing enterprise had 30%, the corporation was not on your list and could not have disappeared.
It did disappear from the list of that enterprise that ceased to exist and it moved to the gamemaster enterprise where the gamemaster had 30% and two of your entities kept their 25%.
| Tuesday, May 21, 2013 - 03:06 pm |
Candin Interceptor Missiles, the original, indeed disappeared. The corp was not just one I had shares in but resided in my country of Candinnalm. At the time, aside from the corp simply missing, the only other evidence of its demise was my graph of corporations reflecting one less corp.
You will notice a corp of the same name in my country now but will also notice it was founded around the same time as the incident. I change the name after the corp goes public and this corp replaced the original.