Report To The Stakeholders

[Taliesin]

I enjoyed reading the Report to the Stakeholders. Steve's usual straightforward cador is refreshing, especially when applied to business issues. I was shocked the first time my employer lied to me. After 20 years in the army where falsifying a report can get you discharged or even jailed I was appalled to learn that lying to you customers, stockholders, and employees is considered normal business practice in the civilian world.
I hope everything turns out well for SJG. I recently started running a RPG after a six year hiatus for gaming. One thing I noticed is that as soon as RPGing is over everyone heads straight for my Xbox or PS2. Gaming as a hobby is continuing to evolve and I'm glad SJG is adapting to the changes.

I wish all the best for Steve and crew in the new year.

[Hex]

Considering SJ doesn't have to do this at all, I think it's a credit he reports everything- warts and all. SJgames continually shows its customers that it cares about them and what they think...that's why there are so many loyal SJgames player/customers.

[Ze'Manel Cunha]

Seriously, a very good report.

You know, if Steve was looking to do a Public Offering, and decided to sell say ~40-45% of the company in the form of 10,000 shares at ~$100.00 a share or 50,000 shares at ~$20.00 a share, I know I'd be there to willingly give him some of my hard earned money.
Good products deserve support.

[davester64]

Very nice to read the report from SJ. But, I am still hoping for Car Wars to return this year.

I hope my hopes are not in vain...

Dave

[angel_lord]

It was nice to see, once again, the stakeholders report from Steve.

I knew that losing Andrew Hackard was a blow to SJG, but I did not realize how much of a loss it was. I am hoping that they will find someone to bridge the gap soon, and that by next year they will be able to put together a top notch department that is able to get back to the one book a month ideal.

I also was surprised that the card game side of the company was so productive. More than ever I plan to support all the little permutations of Munchkin, because it seems the continued success of the company is in large part due to this addition. If I'm guessing right, the card games produce a bit more income than the RPG line. Very intriguing.

Overall, the large staffing turnover this year seems to be as big a blow to the fans, since the shortage affected our ability to get 4th ed stuff as quickly as possible.

Shawn

[Andrew Hackard]

You can click here for the report.

[Steve Jackson]

Originally Posted by Ze'Manel Cunha

. . . if Steve was looking to do a Public Offering, and decided to sell say ~40-45% of the company in the form of 10,000 shares at ~$100.00 a share or 50,000 shares at ~$20.00 a share, I know I'd be there to willingly give him some of my hard earned money.

Hrm. That would value the company at less than three million dollars . . . Yeah, *I* would buy some of that too :-)

I'm not saying I'd never sell out, but I think we're worth more than that. Uh oh, I bet THAT starts a thread!

[Ze'Manel Cunha]

Originally Posted by Steve Jackson

Hrm. That would value the company at less than three million dollars . . . Yeah, *I* would buy some of that too :-)

Well then, what would you put that IPO level at?
I was also suggesting that you could draw in capital for specific projects.

In other words, say you had a great idea about licensing/purchasing some Intellectual Property, game, etc., and rereleasing it as an SJGames product. You're pretty sure it'll pay out mid-to-long term, but you know that'll take some immediate capital which you can't pull away from other needs at the moment.

You announce the project, create the SJGames Investment Company, draw in the capital investment to create the necessary fund and go from there. Just remember to pay us our dividends.

Originally Posted by Steve Jackson

I'm not saying I'd never sell out, but I think we're worth more than that. Uh oh, I bet THAT starts a thread!

Besides, there's a big difference between pulling in investment capital and selling out.

I know I for one would be feel quite comfortable in buying a few shares as part of a project you're working on; however, I'd be much more hesitant to buy any shares if that meant you're selling out.
It is your name on the product after all. *grin*

[Mister Fowler]

SJGames would be the first company I'd buy stock in. Go public, I'll support you SJ with what little I have.

[TheTozierousOne]

To paraphrase and interpret, this may be a particularly welcome year for new creative talent.

Awesome.