"I want you to look at me the way you look at your father"Nanashi Mumei

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Willemshaven

Outlasted the Chinese Community Sinicization Group
True & Honest Holofan
Joined:  Sep 23, 2023

NeneLOVE

https://files.catbox.moe/zytm9f.jpg
Early Adopter
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Joined:  Sep 16, 2022
I'm not a finance guy but 50.25% of the Cover's stock seems to be of the non-voting kind and Yagoo owns 36.78% of the remainder. So does that not mean Shareholders won't be able mandate company activities but they can(and do) kick up a fuss in AGMs(see retarded questions from the last meeting summarised in one of the other threads)?
If this thread gets an OP it needs to be this, I am fucking TIRED of "da shareholders" being used as a boggieman when in reality their only power is to bitch and get called stupid at meetings.

Things Cover's shareholders can do:
  • Bitch
  • Make idiotic suggestions
  • Play with each other's money
  • Pump the stock
  • Dump the stock

Things Cover's shareholders can't do:
  • Directly influence company decisions
  • Oust Yagoo
  • Fire or hire anyone in the company
  • Buy a majority share of the stock from each other
  • Vote on company decisions
  • Get on the board of directors through stock
  • Get dividends or any kind of money from the company
  • Get sex favors from the talents
  • Directly influence company direction
 
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Poyoyo & Jill

KAWAYO
Joined:  Jul 9, 2023
When you read between the lines, especially with Japanese businesses, shareholders kicking up a fuss can easily lead to decisions made a CEO normally may not want to make or push companies into directions employees may not fully agree with. That is my point in saying "basically that." Outside of vtubing space, we've seen it happen with a lot of JP gaming studios, some leading to complete closures outright. There's a reason people always mock the way Japanese businesses are ran.
IDK how many times is said this already but COVER its on series b shares wich are designed to allow the founders (Yagoo and Fukuda) of the company to maintain ownership over their company (as both of them own most of the shares) as well to control the direction
So shareholders havent done shit, see their meeting for the most dumb ideas in the history of vtubing
 

Smelliest007

I left Kson
Joined:  Feb 19, 2024
When you read between the lines, especially with Japanese businesses, shareholders kicking up a fuss can easily lead to decisions made a CEO normally may not want to make or push companies into directions employees may not fully agree with. That is my point in saying "basically that." Outside of vtubing space, we've seen it happen with a lot of JP gaming studios, some leading to complete closures outright. There's a reason people always mock the way Japanese businesses are ran.
>Says something stupid
>Counterpoint
>"Yes, you're right"
>Nani
>"but if you read between the lines"
Is pretending to be retarded fun?
 

Phantasm

Well-known member
Joined:  Nov 28, 2022

Punished Anime Discusser

Well-known member
Early Adopter
Pipproject Producer
Joined:  Sep 12, 2022
If this thread gets an OP it needs to be this, I am fucking TIRED of "da shareholders" being used as a boggieman when in reality their only power is to bitch and get called stupid at meetings.

Things Cover's shareholders can do:
  • Bitch
  • Make idiotic suggestions
  • Play with each other's money
  • Pump the stock
  • Dump the stock

Things Cover's shareholders can't do:
  • Directly influence company decisions
  • Oust Yagoo
  • Fire or hire anyone in the company
  • Buy a majority share of the stock from each other
  • Vote on company decisions
  • Get on the board of directors through stock
  • Get dividends or any kind of money from the company
  • Get sex favors from the talents
  • Directly influence company direction
I think we need 6 or 7 more shareholder meeting reports that consist entirely of Yagoo dismissing sharejews asking him "Why aren't you Brave Group-ing it up in here yet?", before people start to get it.
 

NeneLOVE

https://files.catbox.moe/zytm9f.jpg
Early Adopter
Nene's Pet Latinx
Latinx/Latine
Joined:  Sep 16, 2022
I think we need 6 or 7 more shareholder meeting reports that consist entirely of Yagoo dismissing sharejews asking him "Why aren't you Brave Group-ing it up in here yet?", before people start to get it.
People here do not read these (because they're boring as hell), I have to summarize them and spoonfeed everyone if I want anyone to do so.

Anyway investors are plenty happy with how big Cover is growing even with the grads, they pumped and dumped the stock and I'm sure some a few of them profited, the bitching at meetings is mostly just theater at this point.
 

Horo7618

No one in particular
Joined:  Sep 12, 2022
Ina Update:

ope73q.png
 

Ensok

Well-known member
Early Adopter
Joined:  Sep 12, 2022

I'm just assuming the cat is what got her attention with this game.
 

Phantasm

Well-known member
Joined:  Nov 28, 2022

I'm just assuming the cat is what got her attention with this game.

If I remember right she had a pretty good time playing The Sims 4 a while back and this is supposed to be the next challenger to their monopoly on this genre
 

Smelliest007

I left Kson
Joined:  Feb 19, 2024
If I remember right she had a pretty good time playing The Sims 4 a while back and this is supposed to be the next challenger to their monopoly on this genre
The only challenger so far. The indie ones are still years away and Paradox killed their's in the womb.
 

Phantasm

Well-known member
Joined:  Nov 28, 2022
The only challenger so far. The indie ones are still years away and Paradox killed their's in the womb.
There's been a couple of piss poor attempts that never met expectations I've been keeping an eye out on the genre for a while
 

Hff201

Pippa Fan, Failed Normalfriend
Early Adopter
Joined:  Sep 13, 2022

Netscaper

Well-known member
Early Adopter
Joined:  Sep 13, 2022

I'm just assuming the cat is what got her attention with this game.

Holy shit Orange woman, are you going to play the game for real or what?! :pippaseethe;
Two hours and counting in the charcter creator. :Zaion-HAHAFAYAH:

Kinda funny though that she almost made her real self but with purple eyes.

HOLY SHIT IT HAS FACE TRACKING!

We are never leaving character creation.
 
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Smelliest007

I left Kson
Joined:  Feb 19, 2024
Holy shit Orange woman, are you going to play the game for real or what?! :pippaseethe;
Two hours and counting in the charcter creator. :Zaion-HAHAFAYAH:
Giving white (real) women a game like The Sims but with more realistic graphics is like giving a Flip some pagpag.
 

Ensok

Well-known member
Early Adopter
Joined:  Sep 12, 2022
Giving white (real) women a game like The Sims but with more realistic graphics is like giving a Flip some pagpag.
This is also why I want to see more girls besides just Tenma play Infinity Nikki.
 

Netscaper

Well-known member
Early Adopter
Joined:  Sep 13, 2022
Technology has gone too far. Take me back to the Sims 1. :shiinastare:
 

Smelliest007

I left Kson
Joined:  Feb 19, 2024

agility_

We have some serious streams to discuss 🔨
Early Adopter
Joined:  Sep 14, 2022
This game is remarkable. It's making me want to try it out.

456bb.png
 

NeneLOVE

https://files.catbox.moe/zytm9f.jpg
Early Adopter
Nene's Pet Latinx
Latinx/Latine
Joined:  Sep 16, 2022

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