Sam Slade, on 22 April 2014 - 10:27 PM, said:
(1) Actually it is. 'Informed decision' is a sales tool used to make people feel more secure in their investment; at the end of the day it's always speculation. It may be speculation based on historical trends(as in a company offering massive sales and trying to replace key staff while promising a product they refuse to show anyone having their investors run for the hills...) but it's still just speculation. Oh and please don't try to lecture me about this, I've read your other posts and I'm almost certain I know more about it then you(just speculation based on historical trends again... amazing stuff).
(2) Yes, and as such the vendor(PGI) is subject to the reasonable expectation of service(sic) requirements of Canadian consumer law. Customers, in this case, actually have more rights then shareholders as the nature of the initial offering('Founders Pack') was pitched and sold directly as a contribution of development funds with a subsequent good faith delivery of services(the 'Founders mechs' and 'premium time' were only an element of this as the logical inference is that the advertised game content is required to use these items, in effect making the game and the promised 'products' one and the same). Had PGI registered as a charity it would be different... but PGI is not a charity so they've in fact waded into a horrible murky area where they may actually be liable under common law consumer protections and common law investment regulations(to put it as generically as I can).
Craig... your speculation is showing.
EDIT: I should add that this is all pure speculation and should not be taken seriously be anyone...
EDIT2: What I've posted may be against the bizzare and obtuse terms of service(I honestly cannot tell)... but then no one at PGI reads this anyway right?
(1) I can't decide if you're agreeing with me or not? Whats the difference between not pure speculation and speculation based on .....?
I'm not going to lecture you though, as much as you might think you know more than me on this subject (or more than anyone on any subject) I am extremely comfortable with my knowledge of investments and returns which is why I can sit here enjoying a lot of spare time at a pretty comfortable age. Are there people smarter than me, of course, but I am comfortable I know exactly what I am talking about when it comes to assessing an investment and expected returns.
(2) Which was the point. Founders are not investors (which is why I think the investment analogy does not serve the argument well) and are consumers. They got a certain product (MC, mechs etc) and the key to use the product in exchange for cash. They also received an understanding of the vision that the company wanted to take the game, but it was not a guaranteed return. They didn't "buy" the vision.
If you're making an argument that the vision was part of the transaction, then you have a case for consumer fraud. You could argue that PGI have not delivered what they promised when they took your cash. If thats you case, get your supporting document together and launch your legal action, I am sure Canadian Law has mechanisms to protect consumers for exactly that, after all, consumers do enjoy more protection than investors.
But I'm willing to bet there is no fraud that has actually occurred bar the slighted parties feelings of injustice. Heck, I'd even invest money on the odds of that case being thrown out in minutes.