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Seasoned punters will find calculating odds to be second nature but for beginners the prospect of getting to grips with what odds mean and in particular grappling with fractional odds can be a daunting one. Even if you're an experienced punter this Masterclass on understanding odds offers you the chance to refresh your thinking on identifying value based on the implied probability of odds. Traditionally, odds in the UK are expressed as a fraction. These odds can be used to calculate your net profit excluding your stake and although they seem complicated the method of calculation is relatively straightforward. This is best explained using an example. So whatever your stake is you can multiply it by 1.

1 file failed to validate and will be reacquired csgo betting losbancatore del betting online

1 file failed to validate and will be reacquired csgo betting

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On top of the case was a perspex-covered red button. Clamped to one side of the table was an eight-inch cylinder with a diameter about half that. At one end of the cylinder was a cranking handle: at the other end an insulated lead to a socket in one side of the transmitter. There were two other sockets close by that one. Kari hit the brakes and they jerked to a halt outside the station. She conscientiously noted the time and put the message in an envelope with his name on it for the morning.

The clerk could still be listening in, although Kari doubted it. So is the other lady, who is with me. When the duties involve Irene Charial, it seems to take a little longer. A difficult and protracted interview, I take it. But she told me everything she knew. I believe her, I trust her and I was not bewitched by her green eyes, owing to the fact that I was on duty at the time. I told her that you had sent me to try to trap her into making unwary and unguarded statements and unwittingly to betray herself.

Smithers did, when I was in Europe. One would assume that he has another name. But he never uses it - professionally or privately. Presumably Smithers never asked him either. Would you ask Pele or Callas or Liberace what their other names are.

Crispin countered by stepping back toward the wall. Valued by kings and princes because a man is incapable of telling a lie in its presence. What if I test it on you first, eh. What if I were to ask about you. Then, taking up a lantern each, they followed Hawkwood towards the church. It was a long way from the tower window to the ground. There had been no hesitation when Hyde had jumped into the flames.

One second he was there, the next he was gone, his leap accompanied by the tolling of the bell. No one could have survived the drop, or the fire. There was a bird, Hawkwood knew, the Phoenix, which burned itself every five hundred years, only to rise rejuvenated from its own ashes. Dec 01, uf student health center Every worker, with the exception of the apprentices, had been with the Woodburn firm for at least ten years. The journeyman greeted the question with something approaching horror.

The journeyman gave a sigh of exasperation. Officer Hawkwood and I have business to discuss. Up close, Quigley, with his angular body, unruly hair, misshapen face and deformed foot, resembled a stick insect. The steps beneath the door led down into a massive utility basement that ran beneath the western legs of the Orbit and out under the river and the plaza towards the stadium. It was designed, like the electrical station, to be self-sufficient.

Did Lancer go down into this basement during that inspection, Stu. From the tank and up the line, all the way to the coupling that connects the piping to the cauldron. Send them down as soon as they get here. Peter, trace the gas line up to the roof. Had Officer Lomax and his patrol arrived a few minutes earlier they might well have caught them.

As it was, the villains got clean away. I suggest you concentrate on the items that were stolen. Tracing their whereabouts could be the only way to find the culprits. Apr 02, stay safe in spanish I will not ask why you are here, but perhaps you have even spoken with the general.

Perhaps you know him as a man in some way. Do you think it is possible that he has given up his efforts to force us by torture. Do you think it is possible that we might some day be released. She accidentally touched a switch by the door, and a cascade of light and sound streamed into the room. Multicolored strobe lights flashed across the bed. There were no personal photos on the bedside tables. Do not take this as a sign that we re getting soft. None of you are to leave this bus until the nice agents from the Regent of Shadows arrive to take care of you.

Anyone tries to do a runner, we will find out and we will track you down and perform acts of massive unpleasantness on you. First rule of being a pedestrian in London: Never let the traffic intimidate you. I opened the driver s door and then paused.

And, anyway, why should you care what she thinks about you. Feb 17, Dec 14, rate my professor ub Well, Major, another little note if you please. Now the notes you took from Donahure. Easy - just meant waking up half the bank managers and tellers in the county.

Drawn four days ago by a young woman with pebble-tinted glasses and long blonde hair. He was old and desperate, but not mad. The few who bothered to reply all agreed on one thing: Janus never confided his plans to anyone, not even his family.

He knew the Realm could never muster the men and treasure needed to conquer your empire. He said it was the only way we could secure our future. He told me many things he would tell no other. Some of his commands required an explanation before I would obey them. Someone had gone into our cistern the night before.

Whoever it was had not even replaced the cover, and ashes had been found in a bucket that still smelled of kerosene. Apparently the intruder had used it as a torch to light the inside of the cistern. I walked over to the pile of bedding.

The shape of my kiss remained clear. They were put up on the instructions of this group of about six or seven people. These people all disappeared around or , apparently leaving for another town or something - anyway, nobody around here heard of them again. I was only here when the last tenant came in. Looked up to see several of the fishing guides- Jeth Nicholes, Nelson Esterline, Felix Blane-staring at me, probably wondering why I was kicking up a wake.

A whole damn month at least, which will ruin a big chunk of the prime season for us. A kind of physical hostility emanated from them, directed it me. We were all friends, Jeth a close friend. Just :wo months ago, Nels and I had placed our boat orders together to get a setter price: each buying a twenty-foot Hewes Light Tackle flats skiff, a kind of maximum-length fishing sled, beautifully designed and built, huge live wells and plenty of storage, rigged with jack plate, power trim, and a big Mariner outboard.

He rang again, and, after a further delay, the maid opened the door. He had a feeling that something had gone wrong, that she was in trouble. Can you give me the address of the Chelsea flat. I go in to help Miss Meriden with the cleaning sometimes. Gert gave an overwhelming impression of incorruptibility.

She would blow away like a palm frond…or be hit by a palm frond and killed. And a flashlight-proof my brain was beginning to work again. Little wind ripples but no waves. The beach, though, could be fatal. Feel free to do your very worst. The navigator transcribed the phonetically coded message into a code book, then passed it to the defensive systems operator, the DSO, across the narrow aisle from him. He did a quick station check of his instrument panel, then was silent.

It was much less strenuous on the pilot to move away from the leader than stay in close formation for long periods of time. As he flipped through transmitters and receivers, running self-tests on the mostly automatic equipment, an "S" symbol blinked on at the top of his computer generated threat receiver scope. Did she mention someone she wanted to speak to there.

We kept ourselves to ourselves, Captain. Peaches found Lady Breckenridge rude and a bit stuck up. Before drifting off to sleep, she lifted her mask to check on her mother. Ursula had headphones on and was watching the movie. She pulled one up around her shoulders and tried to let sleep, so close, claim her. Patterson was with him, as were two orderlies and two stokers. From the frigate and the plane, just five.

Three of them are pretty wobbly. He looked about him and found he was in Oxford Street, approaching Marble Arch. He had nothing to do at Marble Arch, so he decided on the opposite direction. I, for one, am going to be very careful around here from now on. You should leave it to the police. He spotted his objective immediately "Inventory in sight, Atlantis.

Seedeck opened a bin in the center of the right side of the cargo bay and extracted the end of the steel cable from its reel mounted on the cargo bay walls, attached the cable to a ring on the left side of his MMU, then maneuvered back into open space and headed for the object floating in the distance. It was a huge steel square, resembling some sort of massive POP-art decoration suspended in space. Each side of the square was a hundred-foot-long, fifteen-foot-square tube.

I try it again and it says the same. I check a bunch of forums and deletes everything that has to do with Napoleon on my Pc, including the folder in Appdata, Reinstalls the game and still no luck. No innocent young girl defending her child would ever reach death row today. It was harder to feel charitable toward these men than to feel sorrow for the plight of Frankie Silver. Their appeals for mercy were not the shining arguments of innocence but the specious claims of technicalities, loopholes, and political maneuvers.

He could wish mercy for some of them, but he could not pity them, even as he grieved for a girl who died a century before he was born. Fate Harkryder, hunched over his chains, shuffled into the room, surrounded by guards in black padded armor. I gently extricated myself from his arms and went to my car.

As he passed me to go to his Toyota, I had a back view of broad shoulders and tight butt to admire. And you were gone with the Hall, Ethel. So I went with the only armour that was left. He looked at me sharply, and I thought he was going to say something, but he didn t.

Created by a previous Armourer to be intelligent, self-aware and to operate on its own. It rebelled and killed a whole bunch of Droods. I also ran steam in compatibility mode for windows 7 and 8 and still, nothing. I verified the integrity of the game cache, yet it says that 1 file failed to validate and will be reacquired.

Dec 30, remnant from the ashes character creation Kerlis denied the Faith and was cursed to live forever until the Departed consented to allow him entry to the Beyond. It was said he still wandered the land, seeking his Faith but never finding it. Dark thoughts flickered through his head, driven by panic.

But it was Rafe, all right, lying there blinking up at him, wearing only a T-shirt and Jockey shorts, holding his cheek, which was bleeding. Hollins began to slide away from him, backward in the sand, then slowly got to his feet. He said, "Is that any way to greet an old friend, Doc. You - you are the star of the circus.

Down here there are only performers. Nobody ever is, not when they watch the impossible. Maybe the three brothers share some telepathic gift. If you google "NV 1 file failed to validate and will be reacquired" gamefaqs is like 3rd on the list not to mention yahoo answers steam support and … fire on the mountain chords The fable of justice has become just one more Walter Mitty dream. Oh, they like to talk about revenge.

But once this is over, first chance you get, ditch the bloody thing. We need hard information as to exactly what went down here and who was behind it. Time was, we d have just dropped into the Wulfshead Club, that celebrated supernatural watering hole, paid for a round for the house, and they d have been lining up to tell us everything we needed to know.

But I m pretty sure I m persona non grata there, after the recent unpleasantness. Rite-Way Plumbing and Heating took up most of the second block on the north side-a good-sized combination of pipe yard, warehouse, showroom, and business office. It was twenty of nine when I walked into the office and showroom at the front.

Only one of the desks was occupied, by a plump middle-aged woman with streaky, dyed blond hair and a demeanor that just missed being bovine. There could be no escape now and the two pocket battleships, Kennedy knew, could pound his fragile vessel to death in a matter of minutes. Breckenridge laconically asked Sharp to remove his coat and demonstrate a few moves. Sharp had a cheerful good nature and an intelligent eye.

I would have been far happier talking to him in a public house over a warm ale, but he, like Grenville, was doomed to exhibit status here in this beautiful garden. The morning had turned hot, and the sun beat through a white haze that made my eyes ache. Or it would have been, if he could have catered to his own pure and simple needs and left it at that. He lived in a cabin cruiser moored at St.

He began doing another set of ab crunches. Someone was taking a shower when I walked in, which was surprising because it was a little early for the rush we got about ten, ten-thirty. The water cut off as I reached the shelves where I stacked the towels. I was walking lightly because I always do. Mandy was only in her twenties, but she looked like a hag when her eyes met mine. The Coroner was no longer interested in the body. This was now the province of the sheriffs to take matters in hand.

They would use what they learned from the Coroner to question the locals, but Crispin had his doubts it would yield anything. He wanted to inspect the corpse for himself. He covered the little corpse with a threadbare blanket. The wheels dug two dark lines in the snow, pointing the way back toward London.

So we passed the days in near-perfect silence, with dread kicking in our bellies. Then there was the hearing, and Mama and Blackston got bond and were let go. There, a couple of youngish matrons were discussing the Velasco landscape. I smiled and continued my search for Kirk. If he was looking at the collections, it had to be the fastest tour on record. I hurried into the folk art gallery.

People work a few days, get some fast cash, go have fun. They show up to mourn their loved ones, and he. If she was dead, where was her body. But as it was, it happened then, and I was damned glad of it. The windshield wipers scraped and screeched, smearing the glass instead of clearing it. Could anybody manage, without knowing Adrian the way I did from her therapy wall.

My shoulders got tense, and my hands actually hurt from clinging to the wheel. Lights ahead now-the little town of Olema where this road met the shoreline highway. He had grow the seasonings and herbs himself in a greenhouse on the base and he frequently traded with the villagers and nearby fishermen for the fish and flour to make the noodles.

When he awoke, she planned to be right before his eyes. She poured herself a glass of juice and stood at the window. She, too, Nicolson could see now, was swaying slightly, her legs trembling with weariness, but she still held her head proudly and high. His men stared at him, uncomprehending.

He repeated it almost immediately, smashing the flat of his hand down on the table before him, and at once four of the six men dropped the arms they were carrying on to,the parquet floor. As grey light began to seep around the edges of the curtains, I gave up and propped myself against the headboard to think. The unconventional atmosphere there had suited me even better.

I was good at what I did, and proud of it. Or even if it had stopped with the first murder case, it would have been all right. But there were other deaths, and the older I got, the more violence I saw, the more I wondered if I could go on like this indefinitely. Great conversational diet for a kid to sink her teeth into: healing process, potential to be. When she was scared of any one of all the truly scary things kids had to face in the city, in this world.

Where did she retreat to lick her wounds. I knew where Adrian Conway retreated: not to a nest of family affection and reassurance, but into a lonely lair within herself, where she could never be sure she was really safe. After a few words of welcome, he plunged into his well of statistics.

They loosen the rock with coyote tunnel blasts using Nitramon. Digging and loading the blast tunnels took weeks. Steam said "1 file failed to validate and will be reacquired". Except when we go back into the game, it still doesnt work. We went back out and verified the game cache again and "1 file failed to validate and will be reacquired" again.

It was reacquired Supposedly , but it … green hill zone background It knew only one direction, south, where they said the war was raging. We were playing with the globe, turning it this way and that, when Javer and Isa came in. They were furious, railing at everything, cursing the Italians and the aerodrome and denouncing Mussolini, who was supposed to be coming to visit the city soon. There was nothing unusual about that. We had long known that they were evil, despite their beautiful clothes, their plumes and their shiny buttons.

The heavy white frost lay thick as icing on a birthday cake as she locked her bike in the rack outside the uptown precinct. They looked back at her with vacant stares and hostile expressions. It was a grey Asraelin hunter from the southlands, a long legged breed renowned for stamina rather than aggression.

The man reined in a few feet away, looking down at Vaelin with what might have been genuine good will. Vaelin noted the colour of his cloak, black: the Fourth Order. Savage beyond belief at times but possessed of a rigid hierarchical code.

Now he sees you as the pack leader. A few are solved, mostly by re-installing Steam, Skyrim, or both, but many are not. Lots of old posts, and that freaks me out, so now Im here rather than continuing to stab in the dark what might be wrong. You might be able to pry more information from them than I. I will attend to the French lady of Hungerford. Your affinity for the fair sex eclipses me every time. I did not want him near Hungerford until I was certain that the "French" lady was not Marianne, and until I could persuade Marianne to go sensibly back to London.

No groom has been hired to replace him, but I am certain Rutledge will not wait long. Give them time to calm down, and they might let you back in as Shaman. But right now the very least they d do is set the hellhounds on you and blow your secret identity right out of the water. Instead, he found another young girl and left.

She was penniless and had to work to save money for a ticket home. She did not want to ask her parents for it. I walked up to the water s edge and addressed the steaming waterfall politely. The whole waterfall bulged out here and there, taking on a human shape some thirty feet tall. She stood before the cliff face, looking down at Molly and me, towering over us. Catherine was catlike in her pleasure, her eyes half closed, delight running down her spine.

His fingers brushed her scalp and she shivered. After a moment I felt well enough to move across the room to a little desk with shelves containing cookbooks and other house hold volumes. The chills Ray had mentioned were starting now. What kind of poison produced chills. Had Ray chosen it because its symptoms mimicked a bad case of the flu.

It may take a while for it to scan through your files, but it should detect that somethings off and start an update. If I cut him dead, then other men will follow suit. They know I only cut for a good reason. Alvanley muttered to me as I left that it was time the boor got his comeuppance. Alvanley is an imitator, but in truth he has a great deal of power.

I felt a little sorry for Stacy-not too sorry, however-and hoped McAdams proved to be the culprit. It was huge, at least a foot and a half long from nose to tail. There were rich pickings to be had along the waterfront and the rodent looked well fed and healthy, its pelt as shiny as velvet.

Unafraid, the rat sat back on its hind legs, front paws raised, and sniffed the air, whiskers twitching. Finally, curiosity overcoming caution, it dropped back to all fours and scampered fluidly across the floor. Six feet away, it paused and stared at Hawkwood with bright, beady-eyed expectation. There was a sharp cry fifty paces away as the second picket staggered back clutching his shoulder.

The wooden stopgap was more substantial than he had anticipated. But Lasseur merely nodded as he received the weapon and turned to face the oncoming threat. Jun 14, jimmy butler michael jordan Did he think I d forgive and forget.

Your torc has no authority over me, Eddie Drood. I serve you only because I choose to. Take this as a sign, a warning of what might happen to you if you were to turn against me. The woman who was killed in Shakespeare. Wash and I got some talking to do. Things he should know by… instinct. I followed the trail of that thought for a moment.

Kids turning out differently from their parents. The feeling that someone was watching from somewhere in the misted darkness. The little streets that converged on the side of the hill were relatively quiet. Forty minutes later, her Visa card having made it altogether too easy to acquire some gorgeous ski sweaters, Pix was in her room, eyeing her bed longingly. She had spent so little time there. Helene Feld was a collector, and collecting can be an obsession. He was always a complete gentleman when he was here, although I know others have not been so fortunate in their dealings with him.

He did a beautiful job removing al that dry rot in the back addition. It just happened to be their basement. Pix gagged on her tea and her mother had to pound her vigorously on the back before she stopped coughing. I never heard that he was married. Still, it seemed churlish to hold it against him, he could understand how a man would find it all too easy to accede to her persuasion. My duties consist mainly of keeping him supplied with wine and refusing to procure him a whore.

People from the South-rednecks or white trash. They were retard Crackers, and who could blame the man, frankly. Her expression became one of defeat, and her shoulders drooped. Herrick jerked one hand over his shoulder toward Kilby who stood near a box of six-shooters. Others came behind to receive six-shooters and peyotes. Every fifth man received a rifle in addition to his six-shooter. The Yaquentes circled the table, then departed by the open doorway.

One of the Indians was arguing with Larry Johnson. That seemed to be all there was to say. She held a candle that she was trying to light with a cigarette lighter, but the wind kept extinguishing the flame, making her cry all the more. Her pursuer had paused-or gone away. Twigs caught in her hair, and she was forced to take her sweater off when it caught in the needles.

Her cheek was throbbing, and when she touched it she could see the blood on her palm. Without her sweater Faith was cold, and what she was thinking chilled her more than the cool air about her. She was afraid she was in for a long stay. She wanted to scream, but screaming was the last thing she should do. I can be quite persuasive in my own way. I wish to ask some questions regarding your relationship with her.

What are the chances this could happen. They were still close for a time, arguing about right and wrong late into the night. He was there when they buried him. The damage from the fall was extensive. Metal and plastic were crushed and wrenched into terrible shapes. The cement was creased beneath it. Green and brown stippled light cascaded around him, and then he realized he stood along a wall of dead ivy.

He pulled himself out the rest of the way and stood on the gravel path, feeling a bit as if he were birthed from the wall. Lance wondered if Fletcher would send somebody to learn if the Three-Cross had decided to surrender or fight. Fifteen minutes more brought the dawn nearer. The brush on four sides of the house erupted violently with orange fire. Shattering explosions rent the early-morning air. There had been a big influx of this group in the late sixties and many had stayed, but to the Prescotts et al they might have arrived a week ago.

The summer people were also divided into two main groups: what Pix called the "rusticators," families who had been coming to the island for generations and marched in the annual Fourth of July parade with banners that said "Fiftieth Summer," and the newcomers, people like Faith who rented cottages for short periods of time. People who might never return to Sanpere, impossible as that was to imagine.

Once you had the labels, it was easy to stick them on. Due to the digging, no frost remained on the top of the grave. Come the morning, it would all look the same. He gathered up the canvas sheet, mindful to shake the last granules of soil back on top of the grave. Much more likely that those names have something to do with cases that have come up before him.

They could be people that have been called as expert witnesses. It took three tries to get all the way up, to get my right foot off and onto the floor as a brace. Most of it lay in a loose coil between the cot and the wall-at least a dozen feet of it. It was a pair of hinged jaws that interconnected one over the other for an adjustable fit and had then been padlocked in place. Even as the slick blood of the astrologer filled his nose with a metallic scent, his eyes met Giles and he saw demons within.

Their gloss seems to fog over, as if a veil shrouds them. It is at this moment that I like to feel the slick entrails in my fingers as they cool. And then I cut them out and save them in jars for my own amusement. This monster could not be stopped. If these boys had been the sons of wealthy merchants perhaps something could be done. The Kache warriors were starving, and Alvarado told them they had to eat the bodies of their enemies.

Now they were being forced into cannibalism. Poor form to miss his own party. In the meantime, I think you should introduce me to your mother so I can offer my condolences. A powerful spotlight broke the darkness, fixing on a lone figure crouched in the middle of the stadium floor. This works in most cases, where the issue is originated due to a system corruption.

These controllers include various devices except a keyboard or standard mouse. Therefore, try disconnecting the controllers from your computer and then relaunch your Steam to check if the issue has been solved. Steam is the most popular game distribution platform in the world, but it is not without fault, as some users have reported issues with the client.

Literally every time. I can just open CSGO. Run CSGO. Promptly exit. Run Validate.

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Steam said "1 file failed to validate and will be reacquired". Except when we go back into the game, it still doesnt work. We went back out and verified the game cache again and "1 file failed to validate and will be reacquired" again. It was reacquired Supposedly , but it … green hill zone background It knew only one direction, south, where they said the war was raging. We were playing with the globe, turning it this way and that, when Javer and Isa came in. They were furious, railing at everything, cursing the Italians and the aerodrome and denouncing Mussolini, who was supposed to be coming to visit the city soon.

There was nothing unusual about that. We had long known that they were evil, despite their beautiful clothes, their plumes and their shiny buttons. The heavy white frost lay thick as icing on a birthday cake as she locked her bike in the rack outside the uptown precinct. They looked back at her with vacant stares and hostile expressions.

It was a grey Asraelin hunter from the southlands, a long legged breed renowned for stamina rather than aggression. The man reined in a few feet away, looking down at Vaelin with what might have been genuine good will. Vaelin noted the colour of his cloak, black: the Fourth Order. Savage beyond belief at times but possessed of a rigid hierarchical code. Now he sees you as the pack leader. A few are solved, mostly by re-installing Steam, Skyrim, or both, but many are not. Lots of old posts, and that freaks me out, so now Im here rather than continuing to stab in the dark what might be wrong.

You might be able to pry more information from them than I. I will attend to the French lady of Hungerford. Your affinity for the fair sex eclipses me every time. I did not want him near Hungerford until I was certain that the "French" lady was not Marianne, and until I could persuade Marianne to go sensibly back to London. No groom has been hired to replace him, but I am certain Rutledge will not wait long.

Give them time to calm down, and they might let you back in as Shaman. But right now the very least they d do is set the hellhounds on you and blow your secret identity right out of the water. Instead, he found another young girl and left. She was penniless and had to work to save money for a ticket home.

She did not want to ask her parents for it. I walked up to the water s edge and addressed the steaming waterfall politely. The whole waterfall bulged out here and there, taking on a human shape some thirty feet tall. She stood before the cliff face, looking down at Molly and me, towering over us. Catherine was catlike in her pleasure, her eyes half closed, delight running down her spine. His fingers brushed her scalp and she shivered. After a moment I felt well enough to move across the room to a little desk with shelves containing cookbooks and other house hold volumes.

The chills Ray had mentioned were starting now. What kind of poison produced chills. Had Ray chosen it because its symptoms mimicked a bad case of the flu. It may take a while for it to scan through your files, but it should detect that somethings off and start an update. If I cut him dead, then other men will follow suit.

They know I only cut for a good reason. Alvanley muttered to me as I left that it was time the boor got his comeuppance. Alvanley is an imitator, but in truth he has a great deal of power. I felt a little sorry for Stacy-not too sorry, however-and hoped McAdams proved to be the culprit. It was huge, at least a foot and a half long from nose to tail. There were rich pickings to be had along the waterfront and the rodent looked well fed and healthy, its pelt as shiny as velvet.

Unafraid, the rat sat back on its hind legs, front paws raised, and sniffed the air, whiskers twitching. Finally, curiosity overcoming caution, it dropped back to all fours and scampered fluidly across the floor.

Six feet away, it paused and stared at Hawkwood with bright, beady-eyed expectation. There was a sharp cry fifty paces away as the second picket staggered back clutching his shoulder. The wooden stopgap was more substantial than he had anticipated. But Lasseur merely nodded as he received the weapon and turned to face the oncoming threat. Jun 14, jimmy butler michael jordan Did he think I d forgive and forget. Your torc has no authority over me, Eddie Drood. I serve you only because I choose to.

Take this as a sign, a warning of what might happen to you if you were to turn against me. The woman who was killed in Shakespeare. Wash and I got some talking to do. Things he should know by… instinct.

I followed the trail of that thought for a moment. Kids turning out differently from their parents. The feeling that someone was watching from somewhere in the misted darkness. The little streets that converged on the side of the hill were relatively quiet. Forty minutes later, her Visa card having made it altogether too easy to acquire some gorgeous ski sweaters, Pix was in her room, eyeing her bed longingly.

She had spent so little time there. Helene Feld was a collector, and collecting can be an obsession. He was always a complete gentleman when he was here, although I know others have not been so fortunate in their dealings with him. He did a beautiful job removing al that dry rot in the back addition. It just happened to be their basement. Pix gagged on her tea and her mother had to pound her vigorously on the back before she stopped coughing. I never heard that he was married. Still, it seemed churlish to hold it against him, he could understand how a man would find it all too easy to accede to her persuasion.

My duties consist mainly of keeping him supplied with wine and refusing to procure him a whore. People from the South-rednecks or white trash. They were retard Crackers, and who could blame the man, frankly. Her expression became one of defeat, and her shoulders drooped. Herrick jerked one hand over his shoulder toward Kilby who stood near a box of six-shooters. Others came behind to receive six-shooters and peyotes.

Every fifth man received a rifle in addition to his six-shooter. The Yaquentes circled the table, then departed by the open doorway. One of the Indians was arguing with Larry Johnson. That seemed to be all there was to say. She held a candle that she was trying to light with a cigarette lighter, but the wind kept extinguishing the flame, making her cry all the more.

Her pursuer had paused-or gone away. Twigs caught in her hair, and she was forced to take her sweater off when it caught in the needles. Her cheek was throbbing, and when she touched it she could see the blood on her palm. Without her sweater Faith was cold, and what she was thinking chilled her more than the cool air about her. She was afraid she was in for a long stay. She wanted to scream, but screaming was the last thing she should do. I can be quite persuasive in my own way.

I wish to ask some questions regarding your relationship with her. What are the chances this could happen. They were still close for a time, arguing about right and wrong late into the night. He was there when they buried him. The damage from the fall was extensive.

Metal and plastic were crushed and wrenched into terrible shapes. The cement was creased beneath it. Green and brown stippled light cascaded around him, and then he realized he stood along a wall of dead ivy. He pulled himself out the rest of the way and stood on the gravel path, feeling a bit as if he were birthed from the wall.

Lance wondered if Fletcher would send somebody to learn if the Three-Cross had decided to surrender or fight. Fifteen minutes more brought the dawn nearer. The brush on four sides of the house erupted violently with orange fire. Shattering explosions rent the early-morning air. There had been a big influx of this group in the late sixties and many had stayed, but to the Prescotts et al they might have arrived a week ago.

The summer people were also divided into two main groups: what Pix called the "rusticators," families who had been coming to the island for generations and marched in the annual Fourth of July parade with banners that said "Fiftieth Summer," and the newcomers, people like Faith who rented cottages for short periods of time. People who might never return to Sanpere, impossible as that was to imagine.

Once you had the labels, it was easy to stick them on. Due to the digging, no frost remained on the top of the grave. Come the morning, it would all look the same. He gathered up the canvas sheet, mindful to shake the last granules of soil back on top of the grave. Much more likely that those names have something to do with cases that have come up before him.

They could be people that have been called as expert witnesses. It took three tries to get all the way up, to get my right foot off and onto the floor as a brace. Most of it lay in a loose coil between the cot and the wall-at least a dozen feet of it. It was a pair of hinged jaws that interconnected one over the other for an adjustable fit and had then been padlocked in place. Even as the slick blood of the astrologer filled his nose with a metallic scent, his eyes met Giles and he saw demons within.

Their gloss seems to fog over, as if a veil shrouds them. It is at this moment that I like to feel the slick entrails in my fingers as they cool. And then I cut them out and save them in jars for my own amusement. This monster could not be stopped. If these boys had been the sons of wealthy merchants perhaps something could be done. The Kache warriors were starving, and Alvarado told them they had to eat the bodies of their enemies.

Now they were being forced into cannibalism. Poor form to miss his own party. In the meantime, I think you should introduce me to your mother so I can offer my condolences. A powerful spotlight broke the darkness, fixing on a lone figure crouched in the middle of the stadium floor. She said publicly that the people who did it to her were going to pay, and she completely flipped when we played the flute music for her.

That feeling of shock, then dread, was something I would have to process on my own. He placed it on the galley cabinet so we could inspect it. It was the carved nameplate from a boat, a portion of it broken away long ago. No one had answered her Larry King question. Faith was busy peeling Yukon Gold potatoes, which would be boiled with whole cloves of garlic, the cloves removed, and mashed with basil, butter, and a mixture of warm cream and milk.

Standing nearest to him was Elizabeth MacPherson, regarding him with a frown of lofty disapproval. Another second and he would have saved her. Kate Conway was kneeling over Susan, examining the body with medical precision.

After a few minutes she looked up at the group of tourists and shook her head. What do you think of our Monsieur Morgan. Candlelight played across his aristocratic face. His face was turned to the wall. He ran a hand along his jaw and wondered idly about growing a beard. Not such a good idea after all, he decided. I should start from the beginning and tell you the whole thing. If you sip some of this"-he indicated the glass Faith had set aside-"you will feel warm and perhaps calmer.

She virtually carried Faith out to the kitchen, tenderly installed her in a chair near the hot cast-iron stove, and began to assemble the meal rapidly. It is not Paul Bocuse, but Clotilde," monsieur said proudly, with a sweeping gesture. Faith was amused that the chefs fame had spread to this tiny corner of the world, yet why not when his well-fed, smiling face appeared in restaurants and on products from Tokyo to Disney World.

She was just beginning to feel well and truly fed for the first time in days when her hostess produced a jar of apricots, spooning the succulent-looking fruit into large bowls and liberally dousing them with cream. Feb 08, doki doki literature club fanfiction The higher the master, the higher the servant could hold his head. They admitted to hearing a flaming row coming from the private rooms early in the afternoon. Allowing Leech to get a few steps ahead of them, he took a deep breath.

That used to house the male patients. When I started there were double the number of patients there are now. Unfortunately, attention has been diverted to the New Bethlem very much at the expense of the old one. She resumed her seat with a thump.

Want me to have a trot about Covent Garden, do you. I was that furious at you for doing it. Sep 12, dark souls 3 estus shard Ben was affectionate, cheerful, sometimes cooperative, and that was enough for them. I had an interesting call from Chat this morning. Grenville called the food here tolerable, but only because he employed the best chef in the country. We dined on tender meat and fish and fine wine and delicate bread. The tide was running out now, and Kretchmann had to step up onto the landing stage.

He walked up the knoll and disappeared, and a moment later the sound of an engine revving came from the yard. If you google "NV 1 file failed to validate and will be reacquired" gamefaqs is like 3rd on the list not to mention yahoo answers steam support and … the green hills of stranglethorn Who would be about at that hour. I took a bath and went to sleep. He figured things out after I was stricken.

Joey needed money, a lot of money. Blackmailing Nelson was going to help pay for Alefordiana Estates. Simple-and Joey would have gotten a kick out of the whole thing, too. Besides, those lat-long numbers were already in the system. No way in hell was there a wreck down there before the storm, so maybe they punched in rough numbers for a pod of tarpon.

Like most introverted people, he knows how to be aggressive without making a fuss. The top of the skull sat upon the blade like a head on a platter. The elemental combination-silver, fresh sunlight through crystallized carbon-seemed conflicted and obscene. Use natural pigments to create pornography, you might achieve the same effect. He ducked as a ball whickered past his ear, looked for Lasseur, who had let go of his arm, and saw the Frenchman ducking as he ran for the retreating boat.

Across the beach, more bright flashes and explosions showed where gunfire was being exchanged. In front of him, the privateer had almost reached the surf. The clatter of hooves was growing louder. This also shows you how to validate steam fil stardew valley miner or geologist In case the grandkids ever want a pony. It was odd, he thought, how his hands were still warm while the rest of him was so cold.

He was still thinking that when his eyes closed for the last time. Gazing at the shattered eye socket and the matted mess at the back of the skull, his face clouded in grim recognition. Wordlessly, he let the head drop and moved aside. They had taken cover in a thicket, but after an anxious ten-minute wait, with no evidence of pursuit, they had continued on their way. There were not that many new arrivals - three boatloads in all, perhaps forty men in total - but the ill-tempered admissions clerk seemed intent on proving how pedantic he could be.

Slowly, however, the line of men began to shorten. His question was answered as the last prisoner was handed his bedding. The white piping on his lapels proclaimed him to be another lieutenant, though he looked old to be holding the rank. Hands clasped behind his back, he gazed dispassionately at the crowd of men gathered beneath him. Gradually, as the prisoners became aware that they were being observed, an uneasy silence descended upon the deck.

He is feeling rather frail, however, and has not yet returned to his duties. Is this how it was when Grubb found the body. He had a sudden vision of Norris, the patient chained to the wall by his neck and ankles. But the clergy may not have the last word anymore. I think in the twentieth century, the people started choosing the saints. Becket was an uppity Saxon redneck. All of them died in their prime, and all of them elicited the same public reaction: people felt rage as much as grief-that someone they loved had been taken from them.

Something was up, Faith realized-not just from the tone of his voice, but from the fact that her visit to Hubbard House had scarcely been noted. There were so many points of view these days, and Tom had been going in circles trying to keep everybody in tune. Why ask if we are going to see each other. It means about as much in the end. You ought to be able to hold down the fort for a quarter of an hour.

Tartan ties are eight dollars, and scarves are ten. The ties are ten dollars, and the scarves are twelve. She was holding her third cup of ice water-trying to decide whether to drink it or pour it over her head-when Betty Carson appeared with a stranger in tow.

His skin still smarted where her nails had raked his shoulders as he had taken her. A light breeze rippled coolly through the open window, ruffling the drapes. Hawkwood pulled the sheet over them both. She sighed, pressed herself to him, rotated her hips, and kissed the underside of his jaw.

Or do you expect me to address you as Captain Hawkwood all the time. Her fingers traced small circles on his chest. They thought that they were the superbeings who had evolved one step beyond the mundanes of the planet. They had been so innocently pleased with themselves back then, and so sure that merit was the only determinant of success.

They might as well have believed in fairy godmothers. Fortunately it had died in Indiana instead of stranding them in the desert farther west. He had probably spent more to furnish that office than poor old Woodard had spent for his house in Maryland. But, he thought, at his age, who had any fun anyhow. Better he should be rich and fit and miserable than poor and fat and miserable. I held out my hand for it, but Donata ignored me, leafing through the pages as she paced.

And what are all these numbers and letters. Code for races on which this gentleman will place bets. It belongs to Jeremiah Stacy and might contain evidence as to whether or not he murdered Mary Chester. I am a bored widow in need of excitement. The painter probably would not be available. And who was going to build this plywood base. He helped Isabel down and ushered her into the museum. That tree is going to be in there in time for the preview. I was perfectly willing to admit prejudice.

Two hundred grand, or two million, those numbers came into his brain as blank pages. But if King said it was possible, maybe it was. Same with the two plastic-handled switchblade knives, all in a box. Cowering behind him was what looked like a Mexican family, a woman and a couple of kids-no, three kids, two snot-nosed boys and a pretty little girl who was maybe thirteen.

Perry had thrown both arms over his head, terrified, but recovered fast enough to shoot Hostetler twice, in the stomach, as the Mexican maid and her brats screamed, then ran for their lives into the darkness of the big wooden house. The guy was pointing a gun at me.

Not reasons, rather, but one single all-encompassing reason: the unbelievable cowardliness and selfishness of the Germans and the Italians who, grouping themselves on an ugly nationalistic basis, fought desperately for precedence in the boats, with the inevitable result that the speed and orderliness which the rapid loading and lowering of the lifeboats demanded were utterly impossible.

They were selected on the bases a that they represented different contingents - crew, guards and internees - aboard the ship and b that their independently volunteered statements were mutually corroborative to a very high degree indeed. Such insignificant discrepancies as existed were readily accounted for by the fact that they were in different parts of the ship and all left it by different means.

The only trouble I saw was between a British Army sergeant and his men: they had jumped into a lifeboat and shots were fired at them to make them leave. Top newspapermen, such as covered these stories, are, as a class, less likely to be affected by such unthinking emotionalism than almost any other people.

In this post, I focus on the second Skyrim issue. The light was poor but he cupped the portrait in his hand and gazed at it. Her face peered back at him with a mischievous expression that seemed to say she had a secret. What he was, what he was born to, was in the blood. The hollow sound of his lone voice gave poignancy to his assertion. He can be tricky to work with, though.

There are certain traits common to most of them. Being difficult is certainly one of them. I had an idea that Kusitch might have been murdered in his room. I wanted to look in the clothes cupboard. The governors asked for a full report, of course. It goes without saying that I shall be including details of my own … lapses of judgement. I thought they would be useful for my summation.

As you will have observed, we are not immune to the vicissitudes of Mother Nature. Over the years flooding has been a persistent enemy and the accumulative damage has been considerable. After all, people had rights, too, just like animals. Then my mother was guided to her front pew on the other side. He went to the top of the steps in front of the altar and stood there smiling.

Dill entered the sanctuary from the same door, accompanied by Berry, who grinned at me. Then the groomsman, cousin Matthew, took his place, and Tootsie did her long walk. What should I do? He was close to the people, and they assumed he was using his job as a reporter to further their propaganda efforts. You are a member in good standing, Mr. Everyone in your family is, and has been for centuries. Matthew used to come in all the time to avail himself of the club s wine cellars.

And soon maybe none of us at all. I live in Cambridge, where I rent a single room from a retired widow who needs the income. I work a solo graveyard shift as a dispatch officer for a thirty-man PD outside of Boston. I work all night, sleep all morning. I prepare, I plan, I strategize. She lives with her family in New England, where she is at work on her next novel. This is not a problem and is document by Steam here. Additionally, you can try to manually install Direct-X.

Find the folder where you installed OMD2. At last laying it aside, I penned a reply that I would be delighted to attend. The tall, narrow Bow Street house had been lived in by the famous Fieldings-Henry, the author, who had first established the Bow Street Runners, and Sir John, his blind half-brother who had succeeded him.

From what I understood, Henry Fielding had taken the post for the money, since he rarely had any, but had grown interested in keeping the peace and detecting crime. The half-dozen men he recruited to help him were at first referred to simply as "Mr. The magistrate lived in private rooms at the top of the house, with the jail and court below.

She must have missed a road sign somewhere back there when she got off I You told me that the man who shot him said something. I wonder if you recall what that was. I keep getting shot from places Ive heard no footsteps or while behind hard cover. My friends think Im crazy. Ive been checking local files … rick and morty personal space She had a feeling Tom would like them too. She missed him so keenly these days, it was easier not to think about him too much.

Like pushing Faith into a grave. The air was warm and the world was full of stars-in the sky and reflected back by the water, lapping the rocks at high tide. Faith was sure she was deeply upset about Roger, but there was also the way she looked at Eric, slightly maternal, certainly in love.

Mr Jamieson is a gossipy old woman. Whenever any two of them or three of them or indeed all four are together they speak in low voices or whispers. The whispers know that we all know that. Somebody aboard the San Andreas has a transmitter radio that is sending out a continuous location signal. She was putting in her teeth as she walked, and was dressed in a formidably clean green and white housedress and white apron. There was a sack of snap beans and a bowl half-full of prepared ones by a chair, so Catherine chose the sofa, which was covered by an old chenille bedspread, and lowered herself gingerly.

He done told you I wanted to talk with you. I acted like that when John and I first got together. A whole empire in denial of the Faith. Their spies are everywhere, disguised as merchants, whispering denial, defiling our youth in Dark rites.

Sands grimaced and keyed the microphone. Slowly he brought the microphone to his lips. Sands angrily jammed the mike button down. Put me on the strip alert flight orders. The unidentified aircraft is not considered hostile but it has refused or is somehow unable to establish contact with any civilian or military agency.

I thought there was only one survivor on board. Her voice was muffled when she said, "Virtually nothing. But that, of course, is not the question you really want to ask. You wanted to know whether we - I, if you like - was entirely accurate in locating the epicentre of the shock in the White Wolf Fault instead of, as Morro claims, in the Garlock Fault. Gentlemen, I was lying in my teeth.

I got interested when I was in Africa. Second to Australia, there used to be more shark attacks off the coast of Durban, South Africa, than any other spot in the world. Then the storm came and tore it all down. A storm of steel and twisted power. A gold ingot clattered to the deck. Impressed into the dull metal were some numbers and a round stamp bearing the words Rothschild Sons. Lasseur used his sword point to lift the back of the blue tunic. He hit the water with the look of incredulity still glued to his face.

He was still trying to recover his breath as the sea closed over him, taking his encumbered body down into its cold and lasting embrace. As if he could hear me, Friedrich suddenly turned to catch me with my brows raised, one side of my mouth pulled up sardonically. We locked stares for a tense moment. He knew how to be soothing, no doubt about it. In the end they solved the problem by occupying separate flats in the same building-far enough apart, but never out of reach. According to iResearch, China is the world's largest game-centric live streaming market, with approximately 4.

Game-centric live streaming revenue accounted for The average total MAUs of game-centric live streaming platforms in China are expected to increase from million in to million by As the leading. Our platform attracts a large number of highly loyal and engaged users.

With We consider our PC platform an important component of our business as it attracts PC users who are more devoted eSports enthusiasts and is a natural gateway to eSports games, which enables users to simultaneously play games and watch game live streaming. According to iResearch, we were the most searched game-centric live streaming platform in China based on average of Baidu's search index and ranked as the top free and top grossing game-centric live streaming app in Apple's App Store in Our diverse product offerings and continuously enriched content allow us to effectively retain users, evidenced by our Our average next-three-month registered user retention rate was Our large and loyal user base is also highly engaged, as evidenced by the average total daily time spent by active users of The average daily time spent by each active user was 40 minutes and 54 minutes for the same periods.

Our active users spent over 1. Our platform brings together a deep pool of top streamers and provides a sustainable streamer development system. These top exclusive streamers streamed an average of 3. Approximately and of our streamers had more than one million viewers during the fourth quarter of and , respectively. Our exclusive contract model with top streamers helps ensure a consistent supply of quality content, which is effectively supplemented by the talent agency model that captures a large group of promising and rising streamers.

With years of experience, we have developed a well-designed system to discover, train, and promote streamers who are already popular or have demonstrated the potential to become popular, and to help them grow and monetize their popularity. As one of the first game-centric live streaming platforms to make the foray into eSports, we are strategically positioned to benefit from the proliferation of the eSports industry in China.

The eSports industry generates highly attractive content and helps to transform our platform into an engaged and vibrant community. Through our investments in and collaborations with a variety of participants across the value chain, we have gained coveted access to premium eSports content attracting millions of viewers to our platform and enabling us to organize our own tournaments and produce exclusive eSports content only available on our platform which further attracts viewers and improves their stickiness.

According to iResearch, we had the largest eSports viewer base as measured by average total MAUs that viewed eSports live streaming during the fourth quarter of and Our average total eSports MAUs were approximately We have built powerful technology infrastructure to ensure a stable and optimized live streaming experience for our users.

The optimized user experience attracts a large number of users on our platform and enables us to collect and analyze vast amounts of behavioral data leveraging our big data analytics capabilities. Investing in the user experience generates significant benefits for our platform. Through comprehensive and refined content categorization, customized recommendations and development of new products and features, we enhance user experience to attract new users and increase user loyalty.

We employ a multi-channel monetization model. We believe the vibrant and interactive game community created on our platform drives user satisfaction, which provides diversified opportunities for user spending. Leveraging a large number of viewers and a deep pool of streamers, our monetization channels mainly consists of live streaming, advertisement and others. These channels effectively supplement each other and unleash future monetization potential.

Live streaming is our main monetization channel and generated Our live streaming revenue is primarily derived from the sales of a wide array of virtual gifts. Our massive and highly engaged user base attracts advertisers from a wide spectrum of industries and allows us to distribute games for game developers and publishers, which has led to rapid growth in our advertising and game distribution revenue since We have grown rapidly since our inception.

Our revenue increased from RMB We had net loss of RMB Our Strengths. We are at the forefront of the game-centric live streaming industry in China. We believe that the following competitive strengths contribute to our success and differentiate us from our competitors. Our Strategies. To fulfill our mission of making the world a fun place through games and other interactive entertainment, we plan to pursue the following strategies to grow our business.

Our Challenges. We face risks and uncertainties in realizing our business objectives and executing our strategies, including those relating to:. Recent Developments. We continue to broaden our user base leveraging our rich and dynamic content offerings, especially eSports content, a deep pool of top streamers and engaging social features.

Our average total MAUs were approximately Our large user base is also highly engaged, and spent around 2. As we continued our efforts in cultivating users' paying habits, our number of paying users grew by Please refer to "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" included elsewhere in this prospectus for information regarding trends and other factors that may affect our results of operations.

Corporate History and Structure. Corporate History. We commenced operations and launched our live streaming platform in with the establishment of Guangzhou Douyu. In February , Guangzhou Douyu and Wuhan Douyu entered into an asset and business transfer agreement, pursuant to which Guangzhou Douyu transferred all of its business operations and assets to Wuhan Douyu the " Wuhan Douyu Restructuring". Chen entered into a series of contractual arrangements, by which Wuhan Douyu may exert control over Wuhan Ouyue and consolidate Wuhan Ouyue's financial statements.

In May , such contractual arrangements were terminated and replaced by contractual arrangements between Douyu Yule, Wuhan Ouyue and Mr. These entities focus on entering into business contracts with streamers. Corporate Restructuring Transactions. We underwent a series of restructuring transactions in contemplation of this offering "Restructuring Transactions" , which primarily included:. We are a holding company and does not directly own any substantive business operations in the PRC.

Corporate Structure. The following diagram illustrates our corporate structure, including our significant subsidiaries and variable interest entities, immediately upon the completion of this offering, assuming no exercise of the over-allotment option granted to the underwriters.

An emerging growth company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally to public companies. The JOBS Act also provides that an emerging growth company does not need to comply with any new or revised financial accounting standards until such date that a private company is otherwise required to comply with such new or revised accounting standards.

Pursuant to the JOBS Act, we have elected to take advantage of the benefits of this extended transition period for complying with new or revised accounting standards as required when they are adopted for public companies. As a result, our operating results and financial statements may not be comparable to the operating results and financial statements of other companies who have adopted the new or revised accounting standards.

Once we cease to be an emerging growth company, we will not be entitled to the exemptions provided in the JOBS Act discussed above. Our corporate website is www. The information contained in our website is not a part of this prospectus. Unless we indicate otherwise, all information in this prospectus reflects the following:. Except where the context otherwise requires and for purposes of this prospectus only:.

Unless the context otherwise requires, the operating data presented for our company in this prospectus excludes Gogo Glocal, a company incorporated under the laws of the Cayman Islands. We have made rounding adjustments to some of the figures included in this prospectus. Accordingly, numerical figures shown as totals or percentages may not be an arithmetic calculation of the figures that preceded them.

This prospectus contains information and statistics relating to China's economy and its games and eSports market and game-centric live streaming industry derived from various publications issued by market research companies and PRC governmental entities, which have not been independently verified by us, the underwriters or any of their respective affiliates or advisers.

The information in such sources may not be consistent with other information compiled in or outside China. Unless otherwise noted, all translations from Renminbi to U. We make no representation that any Renminbi or U. The depositary will hold the ordinary shares underlying your ADSs. You will have rights as provided in the deposit agreement. We do not expect to pay dividends in the foreseeable future.

If, however, we declare dividends on our ordinary shares, the depositary will pay you the cash dividends and other distributions it receives on our ordinary shares, after deducting its fees and expenses in accordance with the terms set forth in the deposit agreement. You may turn in your ADSs to the depositary in exchange for ordinary shares.

The depositary will charge you fees for any exchange. We may amend or terminate the deposit agreement without your consent. If you continue to hold your ADSs after an amendment to the deposit agreement, you agree to be bound by the deposit agreement as amended. To better understand the terms of the ADSs, you should carefully read the "Description of American Depositary Shares" section of this prospectus. You should also read the deposit agreement, which is filed as an exhibit to the registration statement that includes this prospectus.

All options, regardless of grant dates, will entitle holders to the equivalent number of ordinary shares once the vesting and exercising conditions on such share-based compensation awards are met. See "Description of Share Capital. See "Use of Proceeds. You should carefully consider these risks before deciding to invest in the ADSs. Our historical results are not necessarily indicative of results expected for future periods.

You should read this Summary Combined and Consolidated Financial Data and Operating Data section together with our combined and consolidated financial statements and the related notes and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included elsewhere in this prospectus.

Combined and Consolidated Balance Sheet Data. To supplement our combined and consolidated financial statements, which are prepared and presented in accordance with U. GAAP, we use adjusted net loss, a non-GAAP financial measure, which is calculated as net loss adjusted for shared-based compensation expenses, share of loss in equity method investment and impairment loss on investment, to understand and evaluate our core operating performance.

Adjusted net loss is presented to enhance investors' overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U. Investors are encouraged to review the reconciliation of the historical non-GAAP financial measure to its most directly comparable GAAP financial measures.

As adjusted net loss has material limitations as an analytical metric and may not be calculated in the same manner by all companies, it may not be comparable to other similarly titled measures used by other companies. In light of the foregoing limitations, you should not consider adjusted net loss as a substitute for, or superior to, net loss prepared in accordance with GAAP.

We encourage investors and others to review our financial information in its entirety and not rely on any single financial measure. The table below sets forth a reconciliation of adjusted net loss to net loss for the periods indicated:. The following table presents our key operating data for the periods indicated:. You should consider carefully all of the information in this prospectus, including the risks and uncertainties described below and our combined and consolidated financial statements and related notes, before making an investment in our ADSs.

Any of the following risks and uncertainties could have a material adverse effect on our business, financial condition, results of operations and prospects. The market price of our ADSs could decline significantly as a result of any of these risks and uncertainties, and you may lose all or part of your investment.

Risks Related to Our Business and Industry. If we fail to retain our existing users, keep them engaged or further grow our user base, our business, operation, profitability and prospects may be materially and adversely affected.

The size of our user base and the level of our user engagement are critical to our success. If our user base becomes smaller or our users become less active, it is probable that they would spend less on our virtual gifts and jointly operated games or visit our advertisements less frequently, or access our platform less in general. This would in turn drive top streamers away from our platform, discourage companies from purchasing advertisements on our platform and dissuade game developers and publishers from distributing their games through our platform.

Our financial condition would suffer from the consequential decline in revenue and our business and operating results will be materially and adversely impacted. According to iResearch, we ranked first among China's game-centric live streaming platforms in terms of the size of our user base as measured by average total MAUs on both mobile and PC platforms and the level of user engagement as measured by average total daily time spent by active users on our platform during the fourth quarter of and Maintaining and improving the current size of user base and level of user engagement are critical to our continued success.

However, to maintain and improve this already large size of user base and high level of user engagement, we would have to ensure that we adequately and timely respond to changes in user preferences, attract and retain enough popular streamers, and offer new features and content that may attract new users. There is no guarantee that we could meet all of these goals. A number of factors could negatively affect user retention, growth and engagement, including if:.

We may fail to attract, cultivate and retain top streamers, which may materially and negatively affect our user retention and thus our business and operations. Our top streamers tend to have large following bases who regularly support these streamers with virtual gifts, and they also tend to attract many integrated promotion activities during live streaming compared to self-registered streamers. Their charisma and the high-quality content that they create are primary contributors to user stickiness and are hard to replicate with self-registered streamers.

In , and , our exclusive streamers accounted for Although we have signed exclusive contracts with top streamers at typically three- to five-year terms that contain non-compete clauses, top streamers may still choose to depart us when their contract period ends, and their departure may cause a corresponding decline in our user base.

As we attract top streamers from other platforms, we have also been involved in legal disputes concerning top streamers with competing platforms. Although we are not the primary target of these legal disputes, such streamers may be subject to fines or even injunctions which may render our investment in recruiting them meaningless.

On the other hand, some of our top streamers have left us for competing platforms despite still being in contractual relationship with us which may raise legal disputes. Although we have won most of the legal disputes against these breaching streamers, their departures may still have a negative impact on user retention and reputation. To retain top streamers, we must devise better streamer compensation schemes, improve our monetization capabilities and help the top streamers reach a wider audience.

Although we strive to improve ourselves in these two respects, we cannot guarantee that our streamers will not leave us even if we do our best to retain them. In terms of streamer cultivation, we cannot guarantee that the performance metrics we use to track promising streamers will enable us to identify future top streamers.

Some of the streamers we identify as promising may turn out to be underperforming, and we may also fail to spot truly promising streamers in early stages of their career. In addition to a waste of resources, either one of these scenarios could prevent us from cultivating top streamers, which could weaken our core competitive strength against competing platforms and thus cause an outflow of users to those platforms.

We may fail to offer attractive content, in particular popular game content, on our platform. We offer comprehensive live streaming content with a primary focus on games. Our content library is constantly evolving and growing. Game content has been the key component of our content offerings since our inception, In response to viewers' growing interests, we also have expanded our coverage into other entertainment content genres.

We actively track viewership growth and community feedback to identify trending content and encourage our streamers and talent agencies to create content that caters to viewers constantly changing tastes. However, if we fail to expand and diversify our content offerings, identify trending and popular genres, or maintain the quality of our content, we may experience decreased viewership and user engagement, which may materially and adversely affect our results of operations and financial conditions.

In addition, we largely rely on our streamers to create high-quality and fun live streaming content. We have in place a comprehensive and effective incentive mechanism to encourage streamers and talent agencies to supply content that is attractive to our viewers. Also, talent agencies cooperating with. However, if we fail to observe the latest trends and timely guide streamers and talent agencies accordingly, or fail to attract streamers who are capable of creating content based on popular games, or if streamers fail to produce content for trending games, our viewer number may decline and our financial condition and results of operations may be materially and adversely affected.

We have significant reliance on the eSports industry. As the nexus of the eSports ecosystem, our platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers and viewers. User generated content covering eSports games is the largest contributor to our user base.

In addition to streaming of eSports games, major eSports events and tournaments, we also sponsor leading eSports teams and organize our own eSports tournaments. We rely heavily on a number of eSports games to generate our user traffic. As a result, if we fail to maintain our market position in the eSports industry or to attract users through live streaming of popular eSports games, our user base and streamer base may shrink significantly.

We may experience decreased viewership and user engagement, which may materially and adversely affect our results of operations and financial condition. If we fail to effectively manage our growth and control our periodic spending to maintain such growth, our brand, business and results of operations may be materially and adversely affected.

We have experienced a period of significant rapid growth and expansion that has placed, and continues to place, significant strain on our management and resources. However, given our limited operating history and the rapidly evolving market in which we compete, we may encounter difficulties as we establish and expand our operations, research and development, sales and marketing, and general and administrative capabilities.

We cannot assure you that this level of growth will be sustainable or achieved at all in the future. We believe that our continued growth will depend on our ability to attract and retain viewers and top streamers, develop an infrastructure to service and support an expanding body of viewers and streamers, explore new monetization avenues, convert non-paying users to paying users, increase user engagement levels and capitalize on the eSports industry.

We cannot assure you that we will be successful with any of the above. To manage our growth and maintain profitability, we expect our costs and expenses to continue to increase in the future as we anticipate that we will need to continue to implement, from time to time, a variety of new and upgraded operational, informational and financial systems, procedures and controls on an as-needed basis, including the continued improvement of our accounting and other internal management systems.

We will also need to expand, train, manage and motivate our workforce and manage our relationships with viewers and streamers game developers and publishers, advertisers and other business partners. All of these endeavors involve risks and will require substantial management efforts and skills and significant additional expenditures.

We expect to continue to invest in our infrastructure in order to enable us to provide our services rapidly and reliably to viewers and streamers. Continued growth could end up straining our ability to maintain reliable service levels for all of our viewers and streamers, develop and improve our operational, financial, legal and management controls, and enhance our reporting systems and procedures.

Managing our growth will require significant expenditures and the allocation of valuable management resources. If we fail to achieve the necessary level of efficiency in our organization as we grow, our business, operating results and financial condition could be harmed. We have incurred net losses since inception, and we may continue to incur losses in the future.

We have incurred significant net losses to date. Although we generated positive gross profit for the first time recently in and then in , such positive trend may not translate into a net after-tax profit. The time it will take for us to eventually achieve profitability hinges on our ability to grow rapidly in a cost-effective way, and we may not be able to grow this way successfully.

While our future revenue growth will be linked with the realization of our monetization strategies, which will be affected by user engagement, streamer retention and product offering, our cost-effective growth will primarily rely on improvement of operational efficiency, which has been reflected so far in the continually decreasing percentage of our content costs and bandwidth and server costs in our total operating costs.

This trend of operational efficiency improvement may not continue in the future, or it may not reach a sufficient level to generate profitability. Our ability to continue to improve operational efficiency will depend on our ability to maintain stronger bargaining position in contract negotiations with top streamers, streamline our operation, achieve economies of scale and employ more advanced streaming technologies at lower cost, among other things.

Additionally, our ability to achieve profitability is affected by various external factors, many of which are beyond our control, such as the PC and mobile games market and eSports industry in China, and the development of social networking, live streaming services and mobile marketing services. We cannot assure you that we will be able to improve our operational efficiency in the future. We may again incur losses in the near future due to our continued investment in services, technologies, research and development and our continued sales and marketing initiatives.

Changes in the macroeconomic and regulatory environment or competitive dynamics and our inability to respond to these changes in a timely and effective manner may also impact our profitability. Accordingly, we cannot assure you that our company will turn profitable in the short term just because we have made substantial investment in various areas.

Our business may suffer if we fail to successfully implement our monetization strategies. Our monetization model is new and evolving. Our streaming platform is free to access, and we generate revenues primarily from live streaming and advertisement. As a result, our revenue is affected by our ability to increase user engagement and convert non-paying users into paying users, which in turn depends on our ability to offer content, virtual gifts, advertisements and other services.

In , and , we generated RMB We also generate a sizeable portion of our revenues from providing advertisement and other services on our platform. We also generate a small portion of our revenue from game distribution, which involves revenue-sharing arrangements with game developers and publishers.

If we are not successful in enhancing our ability to monetize our existing services or developing new approaches to monetization, we may not be able to maintain or increase our revenues and profits or recover any associated costs. We monitor market developments and may adjust our monetization strategies accordingly from time to time, which may result in decreases of our overall revenue or revenue contributions from some monetization channels.

In addition, we may in the future introduce new services to diversify our revenue streams, including services with which we have little or no prior development or operating experience. If these new or enhanced services fail to engage customers or platform partners, we may fail to generate sufficient revenues to justify our investments, and our business and operating results may suffer as a result.

Our content monitoring system may not be effective in preventing misconduct by our platform users and misuse of our platform and such misconduct or misuse may materially and adversely impact our brand image, business and operating results.

We are a game-centric live streaming platform that provides real-time streaming and interactions. Because we do not have full control over how and what streamers or viewers will use our platform to communicate, our platform may be misused by individuals or groups of individuals to engage in immoral, disrespectful, fraudulent or illegal activities. For example, we detect spam accounts through which illegal or inappropriate content is streamed or posted and illegal or fraudulent activities are conducted on a timely basis.

Media reports and Internet forums have covered some of these incidents, which have in some cases generated negative publicity about our platform and brand. We have implemented control procedures to detect and block illegal or inappropriate content and illegal or fraudulent activities conducted through the misuse of our platform, but such procedures may not prevent all such content from being broadcasted or posted or activities from being carried out.

Moreover, as we have limited control over real-time and offline behavior of our users, to the extent such behavior is associated with our platform, our ability to protect our brand image and reputation may be limited. Our business and the public perception of our brand may be materially and adversely affected by misuse of our platform. In addition, if any of our viewers suffers or alleges to have suffered physical, financial or emotional harm following contact initiated on our platform or after watching unsettling or inappropriate content that our content monitoring system failed to filter out, we may face civil lawsuits or other liabilities initiated by the affected viewer, or governmental or regulatory actions against us.

In response to allegations of illegal or inappropriate activities conducted through our platform or any negative media coverage about us, PRC government authorities may intervene and hold us liable for non-compliance with PRC laws and regulations concerning the dissemination of information on the Internet and subject us to administrative penalties or other sanctions, such as requiring us to restrict or discontinue some of the features and services provided on our website and mobile application, or even revoke our licenses or permits to provide Internet content service.

We endeavor to ensure all streamers are in compliance with relevant regulations, but we cannot guarantee that all streamers will comply with all the PRC laws and regulations. Therefore, our live streaming service may be subject to investigations or subsequent penalties if content displayed on our platform is deemed to be illegal or inappropriate under PRC laws and regulations. As a result, our business may suffer and our user base, revenues and profitability may be materially and adversely affected.

Our limited operating history with a relatively new business model in a relatively new market makes it difficult to evaluate our business and growth prospects. Our business operations commenced in , with commercialization beginning midway through We experienced growth in the number of active and paying users and total revenue since However, our growth in , and may not be indicative of our future performance, as our operating results represent a limited size of sample of operational results and may be hard to repeat in the future.

Many of the elements of our business are unique and evolving. The markets for our live streaming platform and the related products and services are relatively new and rapidly developing and are subject to significant challenges, especially in terms of converting non-paying users to paying users, maintaining a stable paying user base and attracting new paying users.

Our business plan relies heavily upon an expanding user base and the resulting increased revenue from live streaming and advertisement, as well as our ability to capitalize on the eSports industry and explore other monetization avenues. We may not succeed in any of these aspects. As the live streaming industry in China is relatively young, there are few proven methods of projecting user demand or available industry standards on which we can rely. Some of our current monetization methods are also in a relatively preliminary stage.

For example, if we fail to properly manage the volume and price of our virtual gifts, our users may be less likely to purchase them. We cannot assure you that our attempts to monetize our viewers and streamers will continue to be successful, profitable or accepted, and therefore the income potential of our business is difficult to gauge.

Our growth prospects should be considered in light of the risks and uncertainties that fast-growing early-stage companies with limited operating histories in evolving industries may encounter, including, among others, risks and uncertainties regarding our ability to. Addressing these risks and uncertainties will require significant capital expenditures and allocation of valuable management and employee resources.

If we fail to successfully address any of the above risks and uncertainties, the size of our user base, our revenue and operating margin may decline. In our market, we mainly compete with other established streaming platforms and other entertainment mediums. If we are unable to compete effectively, our business and operating results may be materially and adversely affected. Since running a successful live streaming platform requires intensive capital outlay and a large team of quality streamers, who remain in short supply due to the fact that most have signed contracts with existing platforms, there are high entry barriers for our industry.

As a result, our major competitors are streaming platforms with an established presence in the industry. While such competition may only come from a few established players instead of many newcomers, competition remains intense. As it is unlikely that viewers will watch streams on two platforms at once, and most top streamers sign exclusive contracts with only one platform, we compete mainly for user traffic and top streamers.

If we are not able to effectively compete with our competitors, our overall user base and level of user engagement may decrease, which may result in loss of top streamers to other platforms. Such loss may also lead to fewer paying users and make us less attractive to advertisers and game developers and publishers, which may adversely affect our monetization success.

To better compete with competitors which may have more cash, traffic, technological advantages, top streamers, business networks and other resources than we do, we may be required to spend additional resources, which may adversely affect our profitability. Furthermore, if we are involved in disputes with any of our competitors that result in negative publicity to us, such disputes, regardless of their veracity or outcome, may harm our reputation or brand image and in turn lead to reduced number of viewers and streamers.

Our competitors may unilaterally decide to adopt a wide range of measures targeted at us, including approaching our top streamers, purchasing exclusive streaming rights to eSports tournaments or events that used to be streamed on our platform, or even attacking our platform. Any legal proceedings or measures we take in response to competition and disputes with our competitors may be expensive, time-consuming and disruptive to our operations and divert our management's attention.

We believe that our ability to compete effectively depends upon many factors both within and beyond our control, including:. In addition, our users have a vast array of entertainment choices. Other forms of entertainment, such as traditional PC and console games, other online video services, social networking, as well as more traditional mediums such as television, movies and sports spectating, are much more well- established in mature markets and may be perceived by our users to offer greater variety, affordability, interactivity and enjoyment.

Our platform competes against these other forms of entertainment for the discretionary time and spending of our users. If we are unable to sustain sufficient interest in our platform in comparison to other forms of entertainment, including new forms of entertainment that may emerge in the future, our business model may no longer be viable.

Our revenue growth is heavily dependent on paying users and revenue per paying user. If we fail to continue to grow or maintain our paying user and continue to increase revenue per paying user, our live streaming revenue may not increase, which may materially and adversely affect our business operation and financial results.

Our quarterly average paying users grew from 0. Whether we can continue this trend of increasing paying ratio amongst our users depends on many factors, and many of them are out of our control. For example, our paying users may have less disposable income as they need to meet financial obligations elsewhere, they may decide to no longer support a particular streamer that they used to follow financially, and an overall worsening economic conditions can lower disposable income for all existing paying users, causing them to spend less on our platform.

We expect that our business will continue to be heavily dependent on revenue collected from paying users in the near future. Any decline in the number paying users or our paying ratio may materially and adversely affect our results of operations.

We generate a portion of our revenues from advertisement. If we fail to maintain or grow advertisement revenue, our financial results may be adversely affected. Our revenues from advertisement represent an important part of our total revenue, and our financial results could be adversely affected if we fail to maintain or grow it in the future.

For us to maintain or grow our advertisement revenue, we need to attract more advertisers to our platforms with our increased user traffic and engagement level, or offer more variety in terms of advertisement products that encourage more spending from advertisers. We expect to introduce more integrated promotion activities that are engaging, creative and fun and hold events that are sponsored by advertisers, who have naming.

Failure to do so may adversely impact our advertisement revenue. In addition, traditional display advertisements are subject to time and space restrictions, especially when displayed on mobile devices which have become popular among our users. As a result, our business and results of operations may be adversely impacted. Advertisement revenue is also affected by online advertising industry in China and advertisers' allocation of budgets to Internet advertising and promotion.

Companies that decide to advertise or promote online may utilize more established methods or channels for online advertising and promotion, such as more established Chinese Internet portals or search engines, over advertising and promotion on our platforms. If the online advertising market size does not increase from current levels, or if we are unable to capture and retain a sufficient share of that market, our ability to maintain or increase our current level of advertisement revenue and our profitability and prospects could be adversely affected.

If we fail to obtain or maintain the required licenses and approvals or if we fail to comply with laws and regulations applicable to our industry, our business, financial condition and results of operations may be materially and adversely affected. The Internet industry in China is highly regulated, which requires certain licenses, permits, filings and approvals to conduct and develop business.

Due to the uncertainties of interpretation and implementation of existing and future laws and regulations, the licenses we held may be deemed insufficient by governmental authorities, which may restrain our ability to expand our business scope and may subject us to fines or other regulatory actions by relevant regulators if our practice is deemed as violating relevant laws and regulations. As we develop and expand our business scope, we may need to obtain additional qualifications, permits, approvals or licenses.

Moreover, we may be required to obtain additional licenses or approvals if the PRC government adopts more stringent policies or regulations for our industry. Although we have successfully renewed it in the past, there is no guarantee that we will be able to continue to do so in the future. Due to the uncertainties of interpretation and application of pertinent laws by the government authority, such strategies and measures may be challenged under PRC laws and regulations and if so, we may be subject to fines,.

In addition, publishing and the commercial launch of domestic online games is subject to the pre-approval by the National Radio and Television Administration the "NRTA" and the post-filing requirements with the Ministry of Culture and Tourism formerly known as the Ministry of Culture, the "MCT" , while the commercial launch of imported online games is subject to pre-approval by both of the NRTA and the MCT. Although the game publishers are responsible for obtaining the required approvals, filings or permits for these online games streamed or operated on our platform, we may be subject to fines, confiscation of income from these games, suspension of operations, revocation of licenses and other penalties due to game publishers' failure to obtain such approvals, filings or permits, which could materially and adversely affect our business and results of operations.

With respect to pre-approval for publishing of online games, the NRTA suspended such permission from March to December and have since restored it. As for the post-filing requirements for commercial launch of online games, the MCT has suspended such permission since June and has not restored it as of the date of this Prospectus. As a result, game publishers may not be able to obtain approval or make filings for games they operate that were not approved by, or filed with the NRTA or MCT.

Furthermore, if more stringent regulations were adopted or the government authority takes more strict regulation or action against online games industry in the future, it might be increasingly difficult to introduce or operate new online games streamed or operated on our platform, which will adversely affect our business. As the Internet industry in China is still at a relatively early stage of development, new laws and regulations may be adopted from time to time to address new issues that come to the authorities' attention.

Considerable uncertainties still exist with respect to the interpretation and implementation of existing and future laws and regulations governing our business activities. We could be found in violation of any future laws and regulations or any of the laws or regulations currently in effect due to changes in the relevant authorities' interpretation of these laws and regulations. As of the date of this prospectus, we have not received any material penalties from the relevant government authorities for our past operations.

We cannot assure you, however, that the government authorities will not do so in the future. In addition, we may be required to obtain additional license or permits, and we cannot assure you that we will be able to timely obtain or maintain all the required licenses or permits or make all the necessary filings in the future.

If we fail to obtain, hold or maintain any of the required licenses or permits or make the necessary filings on time or at all, we may be subject to various penalties, such as confiscation of the net revenues that were generated through the unlicensed activities, the imposition of fines and the discontinuation or restriction of our operations. Any such penalties may disrupt our operations and materially and adversely affect our business, financial condition and results of operations. We may be subject to intellectual property infringement claims or other allegations by third parties for information or content displayed on, retrieved from or linked to our platform, or distributed to our users, or for proprietary information appropriated by former employees, which may materially and adversely affect our business, financial condition and prospects.

We have been and may in the future be subject to intellectual property infringement claims or other allegations by third parties for services we provide or for information or content displayed on, retrieved from or linked to, recorded, stored or make accessible on our platform, or otherwise distributed to our users, including in connection with the music, movies, video and games played, recorded, stored or make accessible on our platform during streaming, which may materially and adversely affect our business, financial condition and prospects.

Under our agreements with streamers, we obtain the intellectual property arising from live-streaming on our platform. We have implemented internal control measures to ensure that the design of our platform and the content that is streamed on it does not infringe on valid intellectual property, such as patents and copyrights held by third parties.

We also license certain intellectual properties from third parties to implement certain functions available on our platform. However, companies in the Internet, technology and media industries are frequently involved in litigation based on allegations of infringement of intellectual property rights, unfair competition, invasion of privacy, defamation and other violations of other parties' rights. In China, the validity, enforceability and scope of protection of intellectual property rights in Internet-related industries, especially in our evolving live streaming industry, are uncertain and still evolving.

We face, from time to time, and expect to face in the future, allegations that we have featured pirated or illegally downloaded music and movies on our platform, and that we have infringed on the trademarks, copyrights, patents and other intellectual property rights of third parties, including our competitors, or allegations that we are involved in unfair trade practices. Some of the game streaming on our platform may be alleged to infringe on the copyright in works of literature and art of a game of the game producers, which may also constitute an unfair competition claim.

As we face increasing competition and as litigation becomes a more common method for resolving commercial disputes in China, we face a higher risk of being the subject of intellectual property infringement claims or other legal proceedings. We allow streamers to upload text, graphics, audio, video and other content to our platform and users to download, share, link to and otherwise access games and other content on our platform and we also upload high-quality video clips recorded and restored from selective live streaming content.

Under relevant PRC laws and regulations, online service providers, which provide storage space for users to upload works or links to other services or content, could be held liable for copyright infringement under various circumstances, including situations where the online service provider knows or should reasonably have known that the relevant content uploaded or linked to on its platform infringes upon the copyright of others and the online service provider failed to take necessary actions to prevent such infringement.

We have procedures implemented to reduce the likelihood that content might be used without proper licenses or third-party consents. However, these procedures may not be effective in preventing the unauthorized posting or distribution of copyrighted content and we may be considered failing to take necessary actions against such infringement.

Therefore, we may face liability for copyright or trademark infringement, defamation, unfair competition, libel, negligence, and other claims based on the nature and content of the materials that are delivered, shared or otherwise accessed through our platform.

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