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It's very interesting to me that Alganon is still alive given the population issues and lack of forum interest on the Alganon site. I've listed some guesses as to why it's still continuing to run, even though the development, server and other costs must far exceed the games income.
1. don't want to accept that they won't get a return on their investment and are hoping that things will turn around
2. believe that the game can be successful in Europe (based on statements that they plan to expand there)
3. want the devs to build an MMO infrastructure that they can sell to another party, Alganon just offsets the costs a little bit until that time
4. instead of 3, they want to develop an infrastructure and plan to relaunch as a different IP
I definitely think that the investors can't afford to take a total loss on this and are hoping it can be salvaged. Derek Smart has announced his plan for an MMO and that he is now an owner in the company. It's possible that he's planning on using some of Alganon's infrastructure for his own MMO and is helping to pay the developers.
Alganon is certainly beating the odds, as a major publisher would have pulled the plug a year ago.