Shroud of the Avatar – Update of the Avatar #337 and #338
Greetings Friends! Happy Canada Day and Fourth of July week for many of you. As always, it is time for our biweekly Shroud of the Avatar post from yours truly. This week we have a few bits of news, including that we are still waiting for Portalarium to submit their SEC yearly report. As mentioned before, once that is submitted, I will include it in an article.
- Release 67
- July Login Rewards
Play Release 67 Now!
Release 67 launched June 27 with changes like the following:
- Migration to Unity 2019 pushed back to QA build for Release 68
- Free Camera in POTs and Player Dungeons
- Material Bonuses for Crafted Rings and Necklaces
- Loot with Components & Enchantments
- Outskirts Loot Improvements
- “Hide Back Slot/Cloak” Option
- Chat Text Color Polish
- R67 Login Rewards: Hero Theme!
- Performance Improvements
- More Bug Fixes
- and more!
Check out the Release 67 Instructions update for detailed information about all the new content.
July Login Rewards: Lord British Cake Slices with Unique Buffs
The July Login rewards are a set of unique Lord British Cake Slices that when consumed convey unique buffs!
To receive the rewards simply login to the game before the end of July and check your rewards tab!
Perhaps Portalarium is not required to file with the SEC because they are too small or not worth enough. Or, maybe there is no penalty that matters.
From what I understand, the requirement is due to the SeedInvest that they did. My best guess is they filed for an extension and are just using that to delay putting it up.
I did a bit of poking around. I’m not a professional, but this link gives some info about requirement to file being suspended depending on thresholds on number of investors, amount of assets, and whether the stock can be traded.
https://www.sec.gov/answers/noinfo.htm
Also, the punishment for not filing seems to be that the company’s ability to trade stock will be suspended, which likely doesn’t matter to Portalarium.
Check out the rules that were setup by the SEC on crowdfunding securities – https://www.sec.gov/rules/final/2015/33-9974.pdf. To make it even easier, check out the SEC fact sheet on the crowdfunding rules – https://www.sec.gov/news/pressrelease/2015-249.html . These were the sections that were referenced by SeedInvest in their statement of companies having to do yearly annual reporting.
Spoiler alert: They will never file the SEC report and there will be no consequences for failing to do so.
Trust me, the percentage odds of that happening are higher than I let on.
Of which happening: them filing/not filing, or them getting/not getting penalized?
both ♥
I like how I presented a grand total of four options, yet somehow “both” is a valid answer to the possibility space.
Also, my head hurts.
since it is you, i had to do something along these lines 😛
It appears to me that by giving up their offices, shedding employees, and selling off assets, Portalarium may be considered liquidated, and are prepared to dissolve the moment they need to, if I understand those terms properly. Or spin back up if a miracle occurs. I think they are protecting themselves from law suits. They don’t want to precipitate legal action by outright admitting that they can’t meet their obligations.
Why would Portalarium actually do anything they are supposed to? They never have in the past so why should they start now?