Funcom secures major private investments

[Ahndracorvid]

Link: http://www.funcom.com/news/funcom_se...lar_investment

Oslo, Norway – May 26th, 2016 – Funcom, the independent developer and publisher of computer and console games, today announced that the company has received a 6.3 million USD private placement investment. The company has also significantly reduced its debt by 7.7 million USD through a debt conversion process that has no cash impact on the company. As a result, the company’s equity has been greatly improved from -10 million USD to more than +4 million USD. The investment ensures a considerably healthier financial situation for the company that allows it to execute its new strategy, secure development on new titles, and continue to support its portfolio of live online games.

(via MassivelyOP)

[Rockdizzle]

New titles? Guess FC hasn't learned from their mistakes yet, oh well.

[nanoforcer]

Well their stock just took a dive.

[PigBrother]

New titles? Guess FC hasn't learned from their mistakes yet, oh well.

"Lego minifigures reloaded", "Conan reborn re-exiled" and "the secret underworld maybe" ... we'll see
Forgot about the "the longest pilgrimage" ...

[Anonimofied]

what fc doing now reminds me when Zimbabwe prints money without having anything of valuable to back up the printing which creates inflation. fc stock dives and will go up during the release of conan exiles, then it will dive again like it has been done so many times before. this is nothing new, its just history repeating itself.

[Starphoenix]

Well their stock just took a dive.

Stocks always dive when new shares are issued.

[Anonimofied]

Get Rich or Die Trying: FunCom stock went from 2,45 Norwegian Krone (NOK) to 1,15 NOK per shares. Those who bought FC shares at the price 2,45 NOK are probably sh!tting their pants now. Because that price is too high price, and you must probably wait until late summer when Conan Exiles releases for FC shares to rise to that level again. Take a look at this chart: https://bors.e24.no/?#!/instrument/FUNCOM.OSE and click on 10 år/years and you will see FC shares is near buy price due to it gets resistance at all time low around 0,79NOK on the August 2015 last year. Keep in mind the current FC share price will perform a "dead cat bounce" during the beginning of next week, but will fall shortly after the bounce and dip further at the mid/end of the next week. It will gets resistance at around 0,65NOK at lowest, when this happens is when you should buy in, and wait until it bounces back over 1,5NOK+. That is when you are making money and getting rich. Remember what i saying today and keep an eye on FC stock for your own reference for the next week, and lets see if im wrong

[Baby]

secure development on new titles

When a double facepalm is just not enough and you wish you were an Octopus..

[Anonimofied]

we are in mid week and today at 08:22 oclock norwegian time fc stock dive to 0,98 NOK per shares, and at the end of the day fc stock bounces back up due to the infamous dead cat bounce and landed at 1.05NOK exactly the same as yesterday. you can check this by clicking on the same link i provided on friday last week. it seems like fc stock are getting resistance at 1,00NOK but if it breaks bellow this it will dive further. even the price have not been changed much, but still thing has gone as predicted so far. however, theres still 2 more days to fully complete this week and it will be interesting to see towards the end of this week.

i wish all who trading fc shares the best of luck on the coming days

[Gargle]

If they strike a balance between creativity and brutal execution then and only then is it worth to embark on a new MMORPG. They really need some great directors and managers in there that live and die by the sword.

[Cratertina]

Well good for funcom. Go go go.