I said nothing of the sort .. When you say you 'expect' something to last for X amount of time, that infers that at the time of writing that is what you are 'expecting' to happen. Things can change. Do you really believe that if ED is going strong in 2021 FD are going to say "pull the plug! .. our 2017 report said that this is the time to shut down the game! .."
Where is the paid 'content' LEP holder get for 'free'
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I said nothing of the sort .. When you say you 'expect' something to last for X amount of time, that infers that at the time of writing that is what you are 'expecting' to happen. Things can change. Do you really believe that if ED is going strong in 2021 FD are going to say "pull the plug! .. our 2017 report said that this is the time to shut down the game! .."
FD plans on developing Elite for a total of 7 years. That is a fact they stated in their 2017 Annual Report.
hey, he already used the final irrefutable argument ...
... so why are you still arguing? and since he also perfectly knows his consumer rights he's probably suing already. frontier is doomed ...
We know how long FD plans on developing the game, and it is a total of 7 years. Not 10 years, or 20, but 7 years. Everything they tell you about their plans for paid content expansions needs to be understood with that stated development goal in mind.
And plans change depending on circumstances. Fact.
You have no idea whatsoever if that 7 year timeframe will be changed at all. That is not a "fact" that is an assumption on your part that it will somehow be subject to change.
Damn. I forgot to say that I would not be giving everyone in the world a million dollars. Does that make me liable?
(P.S. I will not be giving everyone in the world a million dollars)
If you paid $180 for a LEP and you got ED (priced at $60 at launch) and then got Horizons (priced at $60 at launch) then if you get another update priced at $60 you will have had your money's worth. What makes anyone think there will never be such an update? I'm pretty sure there will be at least one and probably more.
Base game wasn't included.
If you can post a definitive quote where Frontier states that ED will finish in 2021 then that's fine, if not then you're just speculating.
Sorry, but to be honest. I think you're clutching at straws to bolster you side of he discussion.
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I think the assumption was based on the statement in the 2017 Annual Report. Not agreeing, mind you- just trying to clarify where the misinterpretation might be coming from.
Look I don't want to sound rude. but do you know what the word "expect" means? FD, as of 2017 'expected' the lifetime to be 4 and a half years. That is based off of the numbers at the time of writing. it wasn't a statement of fact, it was an assumption based of the facts at the time.
Expect (in this instance) - regard (something) as likely to happen.
Note the word 'Likely' it isn't 'definitely'
Note the word 'Likely' it isn't 'definitely'
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Sorry, did you read the quoted statement from their Annual Report where they stated:
"Non-current deferred income is due to be recognised over the expected remaining life of the franchise period. At 31 May 2017 the expected remaining life of the franchise is considered to be four and a half years."
The lifetime expansion pass provides updates over the lifetime of Elite, which has been very clearly stated in their Annual Report to end 4.5 years after 31 May 2017. That is Nov. 2021, i.e., the end of 2021. I can add "four and a half years" to "31 May 2017" and arrive at Nov. 2021 without any difficultly whatsoever. That just requires basic math and the use of a calendar.
Come on now. That isn't a statement of fact, it's speculation based on facts!
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I don't want to sound rude here, but when FD tells you how long they are developing Elite, why are you trying to argue with their stated development end date?
You can read the Annual Report yourself and argue at your screen if you like. It won't change the numbers on the page, however. They are still very clear for anyone to read, especially their shareholders for whom the report is very clearly intended and who rely on FD providing accurate information so they can make a decision to invest in FD.
I never said the plan will 100% change. I said that plans change depending on circumstances. Which they do on a regular basis. I never actually said this one will as we do not know the information and if any circumstance have changed and neither so you. So none of us know whether the plan will change or not. Can you not understand the basics of this.
You see, I am not assuming anything, but you just cannot see that. That plan may change, it may not. I don't give a damn either way to be honest. I have had my fun and if the game ends tomorrow or in twenty years time, so be it. I will feel bad for the LEP owners if it is a premature end, but it doesn't look like it at the moment.
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It's not "speculation" when someone tells you exactly when they will stop doing work on a product in their Annual Report. FD was providing very clear information to their shareholders about how long they intend to develop the Elite franchise. It is a total of 7 years.
Thanks, as I've highlighted expected means to expect not in anyway state or form a definite statement.
If they had stated
"Non-current deferred income is due to be recognised over the remaining life of the franchise period. At 31 May 2017 the remaining life of the franchise is four and a half years."
Then you would be correct.
The words expected and considered negate that I'm afraid.
Sorry, but I really can't see how you can consider this to be a stone cold statement of fact that the game will end on that date.
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Deferring Revenue is a perfectly legitimate accounting tool, and sometimes is a legal requirement that you defer revenue (e.g. Buying 3 years warrentee on a new TV would be deferred over the 3 years), but for unspecified periods like LEP, you would have difficulty justifying it over more than 5 years. Its just an arbitrary number, but UK tax doesn't really like more than 5, it smells like you are trying to hide your profits too much.
That money isnt particularly ring fenched in a privately owned company, but share holders DO use the financial reports to make judgments, so in FDs case, they would not be wise to just throw the money into another project and declare ED unprofitable/dead (not that they would).
Lots of TV lawyers around here it seems - "Caveat Emptor" - Dont make me laugh, you have no clue. Thats for when people make no reasonable attempt to find out what they are buying. Boston Legal is not real life.
That money isnt particularly ring fenched in a privately owned company, but share holders DO use the financial reports to make judgments, so in FDs case, they would not be wise to just throw the money into another project and declare ED unprofitable/dead (not that they would).
Lots of TV lawyers around here it seems - "Caveat Emptor" - Dont make me laugh, you have no clue. Thats for when people make no reasonable attempt to find out what they are buying. Boston Legal is not real life.
You are trying to pretend that the number is "meaningless" which is exactly what you tried to claim in your prior posts. It very obviously isn't "meaningless". It's a very important number that FD has provided and is the most accurate information you can possibly ever get from FD on the topic because it is used to inform their shareholders about their plans for game development.
Yes, but again it is a figure that is not set in stone. It was accurate as they could get at that precise time, but as has been stated multiple times to you which you cannot seem to get into your head, that plans can change depending on circumstances.
Yes that statement doesn't mean much at the moment. It is a year old for a start and circumstance can change over the next 3 years to change that prediction. So yes, I will asertain that, that statement does not mean much in the grand scheme of things.
I'm sorry, but you really seem to be digging your heels in here. I don't get why you are so intent to ignore the real facts here, I really don't. When anybody says that they expect something to happen, even to shareholders it's speculation and not fact. The word is in that statement twice, twice! .. just to be sure as to not claim fact.
People don't just write these things willy-nilly .. they most likely have Lawyers involved in these statements, so they can't get caught up in "Well you said this would happen" nonsense.
Words are powerful, especially in any kind of legal document. Every single word is in there for a reason. and the word 'Expected' is no exception.
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