Should there be bankruptcy guidelines for companies?

[Danger Arceneau]

This happened in the past with Circe when she bid 500 million on one reclaimer schematic. The RPJ's at the time decided that Circe, at a tier 3, had placed her company in a position of bankruptcy that required her to liquidate her stock.

There were, however, no actual guidelines to the fact. I think she even second chanced that ruling if I am correct.

So, with the spotlight on companies, should we have a clear defined outline on averse effects for bad business practices? If so, what would exactly be regulated? Or would it be a blanket statement?


Thoughts? Ideas? Too much regulation already?

 

[Ayden Cater]

I think such outrageous bids or abuses of power/credits should have some kind of tangible after-effect. And it seems only fair.

 

[Domino]

I don't think this is a good time to go into it with corprate warfare just getting passed. We need to see how that plays out and affects things before we upset the boat even more.

That said, I'd be wary because someone could use those same warfare tactics on a company that just got hit with this or a company could be argued to need to go through bankrupt procedures after an attack due to lost income. Arguably forcing a company into bankruptcy is the point of CW, but I'm worried about double indemnities.

 

[Asemir]

Also, this means that companies would have to start keeping track of their actual bank accounts, which means some RPJ/FJ would have to moderate the records. (Is this happening as is? I don't know since I don't dabble in the company factory sections.)

This also means we're moving further and further away from writing and towards pen-and-paper RPing. Which makes me sad.

But, yes, I agree that companies at various levels should be have limitations placed on their purchasing power.

 

[Jacen Cavill]

I'm so against this. I already feel the factory pulls people from writing, this would only expand that gap.

 

[Asemir]

I agree with [member="Jacen Cavill"], but it also doesn't make sense that a mom-and-pop company can make a bid of 500 million credits. But, the whole idea for a market place already gets people away from writing and places more emphasis on gaming than I'd personally like. (Note the personally here.)

 

[Jacen Cavill]

[member="Asemir Lor'kora"] so what you're saying is we should just use common sense and limit stupidity when we can?

 

[Lief]

[member="Jacen Cavill"]

Yes.

Also to the rest of you, it is up to the owner of a company and the company judges to gauge whether a player/their company is capable of sustaining the credits required for a purchase. Thus it's not so much a set in stone rule, more an "I don't believe you have enough and am well within my right to deny you the purchase"

 

[Asemir]

[member="Jacen Cavill"]

Yes, we should, But it'd be easier to codify the limits just so we don't have to look at each situation case-by-case. We can just say, "You employ 100 people, therefore your credit limit is 1000 credits. Denied." Or something.

But, if we codify, we need to moderate. But if we.

You know what, I'm going to stop typing. This bourbon isn't working for me.

I hereby declare my ragequit from this line of discussion.

 

[Darth Kentarch]

This happened in the past with Circe when she bid 500 million on one reclaimer schematic. The RPJ's at the time decided that Circe, at a tier 3, had placed her company in a position of bankruptcy that required her to liquidate her stock.

First of all this had to be the worlds worst decision and stupidest decision, intergalactic companies have way more money this alone. You want an example of pork spending? Try the US F-35 which is costing tax payers a nice 1.4 trillion. Mark Zuckerberg of facebook is worth 19.4 billion alone (thats him and not his company), and Sony has posted 100 billion dollar loss since 2007 seven and still hasn't gone bankrupt. So 500 mil is what rich people would call chump change. Our Mark, not the facebook one, has admittedly has not made the wisest choices on this site. But unless we have some kind of quantitative system to measure wealth this should not be happening at all.

I don't think this is a good time to go into it with corprate warfare just getting passed.

* Slams face into wall.*
Look I can see if we want reprimand someone for overspending or denying it, but unless we come up with some kind of income and expenditures system. Hands off is what I say.

EDIT: YEah did some research. a single Canon Imperial Class SD cost just under 400 million dollars.

 

[Domino]

First of all this had to be the worlds worst decision and stupidest decision, intergalactic companies have way more money this alone. You want an example of pork spending? Try the US F-35 which is costing tax payers a nice 1.4 trillion. Mark Zuckerberg of facebook is worth 19.4 billion alone (thats him and not his company), and Sony has posted 100 billion dollar loss since 2007 seven and still hasn't gone bankrupt. So 500 mil is what rich people would call chump change. Our Mark, not the facebook one, has admittedly has not made the wisest choices on this site. But unless we have some kind of quantitative system to measure wealth this should not be happening at all.



* Slams face into wall.*
Look I can see if we want reprimand someone for overspending or denying it, but unless we come up with some kind of income and expenditures system. Hands off is what I say.

EDIT: YEah did some research. a single Canon Imperial Class SD cost just under 400 million dollars.

You raise some good points, but this also happened after some pretty heavy losses on Mark's part that had already put him on shaky footing. I alone had extorted several billion from him after he backed a rebellion with a 25% discount for one example.

And why are you slamming my face in the wall? I want hands off too. Also an Imp-II cost 145,670,000 credits according to the wookie, not sure how that translates into RL money.

 

[Darth Kentarch]

[member="Domino"] The price of an SD as stated in the New Essential Guide to vechiles and vessel is twenty times that of a Nebulon B Frigate, which costs 19.4 million, 19.4 mil times 20 equals about 388 mil. The wookie article gets its price from an Guide book for the star wars RP game, it is also out of date according to Wookie, likely a mistake of whoever wrote the article.