Period : 06/03/12 ~ 02/10/12
Average daily ID increment : 1180
Last year, it was a tough and challenging year for Finnciti. Developers merely enjoyed a least multiplier of 1.52 X 1.28 = 1.95 ever since the e-game launching in 2007. Why the price-split was so low ??
There were 2 major factors listed here...
1. End of May 2012, 2 cases of major business closure reported in Hokkien, China. Since the crack of返利网 and MLM in Xiamen, both cases happened in the district of Hokkien, many of our SMI players were involved, many of them had to sell SMI units to sustain loss incurred from the crack. This stirred up a confusion, many inexperienced developers followed the wind without direction, worry the same case would happen to SMI, resulting panic selling all the way until the price bottom at 0.32.
2. PIN restriction effective on July 2011 ~ 28 May 2012, reasons being...
- To slow down China market, expansion of SMI e-game in other countries were equally important such as Europe and United State of America.
- Growth of China market was so fast, a lot of developers did not manage their accounts, hence causing few hundred cases of PIN stealing and abuse of accounts reported. These victims (developers) eventually filed their complaints to the management "stating SMI is a LIAR". There were some irresponsible developers in the game to create cheat and liar, making company in trouble, they recommended people to join the game but their people were not even been trained about the platform.
- The success of SMI had drawn hundred of companies to imitate its footstep, and many of them went broke in months or years. Thousand of innocent people suffered the loss, such incident had adversely tarnish our SMI image, people confused if SMI was another LIAR.
