Originally Posted by
Kyle
These are some good questions, I'll explain briefly but more details will be coming.
"Shadow Era" consists of the digital game generating revenue, the intellectual property, and physcial card inventory. Wulven is a company that owns Shadow Era, and Kyle is the sole owner of Wulven. So Kyle is selling Shadow Era "to the players" instead of to a 3d party company. It's a sale without any liabilities or obligations beyond basic fixed server costs to keep it running. What will happen is that a new trust company will be formed, Shadow Era will be transferred to that new company, and future income will all go to that new company's bank accounts and be controlled by the paid board of directors. For a good example of how this is done you can see the open source Wesnoth project.
As for financial details, a complete report is coming in about a week that will go into details probably never before publicly revealed for any live game. But it's important to understand the Key Performance Indicators (KPI) and how revenue is generated and the past performance. The board needs all the information available in order to make decisions about how to move forward.
The breakdown of the token sale is given on the website. Yes, the 60% token sale money will go into my pocket to pay off substantial debts and earn a proper deferred income. This is an exit sale for me, and not an IPO for a startup.
Hope that makes sense!