Friday, October 26, 2012

MindArk Buys Back Calypso Land Deeds

MindArk announced today that to celebrate the one-year anniversary of the Calypso Land Deed event, MindArk will offer 5,000 deeds at US$115 each. The land deeds provide revenue sharing to participants so players can receive a share in the Planet Partner gross revenue of Calypso and the first deeds will be made available from the in-game auction on Wednesday, November 1, 2012.

One year ago sixty thousand Calypso land deeds were offered at US$100 each and were available through the in-game auction system. MindArk has now negotiated a buyback of 5,000 deeds out of the 25,000 acquired by one single investor. By performing a buyback of these deeds from one investor, the company will be able to redistribute the deeds more evenly and allow more players to join in.

"We are happy to have negotiated this excellent offer for our participants. As most of the 5000 deeds will be placed on the auction individually we hope many more users will take the chance to be part of this ground breaking program," said David Simmonds, CEO of MindArk.

Since their introduction eleven months ago, each of the 60,000 deeds has paid out US$22.00. This is a 24% annual return on the original investment of US$100 per deed. Currently, deeds trade at US$130 on the in-game auction, leaving an annual return of about 18% on investment. Based on the audited revenue sharing for Planet Calypso over the last 6 months, the return to deed holders has totaled US$708,573.00.

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