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Wouldn't there be other ways to pull this scam off? Perhaps less outwardly visible ways? Assuming the board is on board with the plan, why not do some sort o
by Nelson69 15y ago
Wouldn't there be other ways to pull this scam off? Perhaps less outwardly visible ways?
Assuming the board is on board with the plan, why not do some sort of stock dilution and re-issue preferred shares or something like that? Conventional wisdom would dictate that the last thing you want going in to an IPO or M and A is some goofy accounting on the books but the last few years make me think Goldman and company are really really good at deciphering that and more than accepting of the practices.
With all the things I've heard about game companies in general and then Zynga itself, it's a wonder that the game industry keeps moving forward. There is always fresh meat though.
To the Zynga folks... I don't know that you'll be able to lawyer up and fix it, I just don't think the laws will be on your side and there are too many loopholes. However, possibly building a coalition and contacting Communication Workers of America or something similar might make a larger impact, assuming you can build a coalition... Distasteful as I think it is, I think it might be your best option.