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The adventures of Bowtie Elemental and Neckbeard Golem
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Jun 26, 2017 19:28
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| # ? Jun 4, 2024 21:39 |
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Just imagine the scrambling taking place right now at CIG headquarters. Full Red Alert. Defcon 1 or whatever fictional thing you toss at it. Full Burn baby, full burn indeed.
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Jun 26, 2017 19:33
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C-Bangin' it 
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big nipples big life posted:The adventures of Bowtie Elemental and Neckbeard Golem Bowtie Elemental and his Merry Munchkins
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Jun 26, 2017 19:33
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Jun 26, 2017 19:34
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Set in the UK or an EEA state or (Up to 3 points will be awarded for set in an undetermined location) Up to 4 points - No, set in space Lead characters British or EEA citizens or residents (or characters from an undetermined location) Up to 4 points - Gary Oldman and Gillian Anderson (maybe), not clear if they award the full points or a point for each up to 4, I'll give them 2 points for now. Video game based on British subject matter or relates to an EEA state or underlying material 4 points. - Nope Original dialogue recorded mainly in English language or one of six UK indigenous languages. Up to 4 points. - Yes, again not clear how they award points here but I'll assume they get the full 4. Video game represents/reflects British creativity, British heritage or diversity. Up to 4 points - Nope At least 50% of the conceptual development or storyboarding or programming or design takes place in the UK. 2 points - Probably. 2 points At least 50% of the music recording or audio production or voice recording takes place in the UK. 1 point - Not sure, but possible. 1 point Section D – Personnel 8 possible points here, I'm just going to assume they got them all. 8 points So 17 points total maybe. That's cutting it awful close.
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Jun 26, 2017 19:42
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Wanna bet if chris offered them 2000 javelins as colleteral?
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Jun 26, 2017 19:43
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crisp roberts posted:Wanna bet if chris offered them 2000 javelins as colleteral? Well let's hope Coutts & Co bought the Completionist Package to give them the privilege.
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Jun 26, 2017 19:49
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starkebn posted:I think the MoMA account will be mothballed while they scale back staff for the ELE The e-marketing guys will probably be the first to get their paycheck late; if at all.
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Jun 26, 2017 19:50
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Goldmine.
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Jun 26, 2017 19:51
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Also: the British video game certification is an interim certificate before the game is completed. Only after game is complete do they issue final certification. Interim certificates are only valid for 3 years, so they would have to pass the cultural test again to get it renewed for tax credit purposes. http://www.bfi.org.uk/sites/bfi.org...tes-2016-03.pdf
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Jun 26, 2017 19:55
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I bought a four pack of Windward. And I only paid a fraction of the cost of a one time use missile thingy they sell.
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Jun 26, 2017 20:00
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I see some people have wondered why CIG needed to put practically the whole company up as collateral to secure a ~$8 million dollar loan. Think of the collateral question this way: if CIG went bankrupt tomorrow, what could Coutts get from CIG to repay itself? There is very little of actual value in CIG, probably the most valuable thing is the development computers in the office. Everything else is smoke and dreams (tm). Furthermore, there is a real question as to what amount of money Coutts could get from assets in other countries. Would Coutts be able to seize computers in California and resell them at anything appreciable? Probably not. In a way, the $5 - 8 million may represent the value of CIG as an entity in a liquidation. Which brings me to the reason why Star Citizen as a name was excluded from the collateral. It helps CIG, because that always gives CIG a way out if (when) the loan fails. But, Star Citizen is useless to Coutts, because that IP has no value if Chris Roberts isn't attached to it. All of which is to say: CIG is worth < $10 million dollars. Good job spergs.
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Jun 26, 2017 20:04
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 Star Citizen - drat the Future is Bright
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Jun 26, 2017 20:09
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This loan is quite clearly desgined to get CIG to survive through to Gamescon/Citizencon so they aren't going under anytime soon. Their hope is they get enough of buzz and more backer funding after more fake demos to get them through another few more months into 2018, at which point they'll be getting another tax credit loan to survive the remainder of that year. Living paycheck to paycheck basically. If people were smart they wouldn't give them any money after the 3.0 turd they'll poo poo out and whatever fake pre-scripted stuff they show in their "demos". That way CIG folds by EOY. But of course whales aren't smart and they'll keep throwing money at this, we'll see if it will be enough to keep this turd afloat. Banks padlocking all their offices and Crobbler and Ortwin being shoved into cars in handcuffs for felony bank fraud will be the ultimate funny ending though. Rad Russian fucked around with this message at 20:13 on Jun 26, 2017 |
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Jun 26, 2017 20:10
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I am looking forward to the American Greed episode about RSI.
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Jun 26, 2017 20:11
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Sperglord posted:I see some people have wondered why CIG needed to put practically the whole company up as collateral to secure a ~$8 million dollar loan. They have warehouses stacked full of easily sold jpegs goonie Seriously though, their exhaustive list of contact details to every lethality-style mark in existence is easily the most valuable asset they've got
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Jun 26, 2017 20:11
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Did anyone say You need a Star Citizen Account to read this message yet?
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Jun 26, 2017 20:14
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Tijuana Bibliophile posted:They have warehouses stacked full of easily sold jpegs goonie Can't wait for upcoming "Going out of business JPEG sale!!! All JPEGS in our warehouse are 50% off!!!". And the cultists like MoMA will scoop them up even with CIG completely folded, because those are some really good deals that you just can't pass up.
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Jun 26, 2017 20:16
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Where's the evidence that Erin has cashed out a bunch of shares. They need it stat in the FDev thread. https://forums.frontier.co.uk/showthread.php/355735-Star-Citizen-Thread-v6/page68 I'd like to see it myself, too. Stuff like this: shrach posted:My main man, Erin, has recently developed the look of a man on friendly terms with local pie shops. The question is, just how many pies could Erin eat with money from Squadron 42? Erin recently surpassed the £1m / $1.5m landmarks for pie money extracted from "collections". Except not referring to it as pies.
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Jun 26, 2017 20:17
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Tijuana Bibliophile posted:
"that unverified funding data sure is consistant", says the citizen. "unusually, suspiciously consistant..." "it's actually not believable how consistant that funding data is..." "drat the future is bright for CIG" *pledges $1000*
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Jun 26, 2017 20:19
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XK posted:Where's the evidence that Erin has cashed out a bunch of shares. They need it stat in the FDev thread. It's in one of those documents for the loan. It shows there are 100 shares of foundry 42. 70 owned by Erin, and 15 each for two other dudes. Then there's another document where Cloud Imperium Games is transferred ownership of the 100 shares from those 3 individuals. I have no idea what the value was, or how much CIG paid for those shares.
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Jun 26, 2017 20:24
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XK posted:Where's the evidence that Erin has cashed out a bunch of shares. They need it stat in the FDev thread. What do you have against pies? I guess Erin ate all the pies.... Okay so, you can see he sold his 70 shares in Foundry 42 Ltd to Cloud Imperium Games UK Ltd on 12-12-2014 from this link: https://tinyurl.com/y877o3vf (Which is the annual return you can find on their filing page dated 08 Oct 2015 here: https://beta.companieshouse.gov.uk/company/08703814/filing-history ) The £440,000 that was paid for the 100 shares (Erin owned 70) is taken from the accounts of Cloud Imperium Games Ltd which can be found here: https://beta.companieshouse.gov.uk/company/08815227/filing-history If you look in either 2014 or 2015 you will see the details of the £440,001 investments. You'll see that £1 represents the 1x £1 share for Roberts Space Industries Ltd. The £440,000 represents the amount paid for the 100 x £1 shares in Foundry 42 Ltd (making it a wholly owned subsidiary of Cloud Imperium Games UK Ltd).
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Jun 26, 2017 20:36
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shrach posted:What do you have against pies? I guess Erin ate all the pies.... ELI5?
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Jun 26, 2017 20:39
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Erin can afford a lot of pies with his share of the "collections" from this omnishambles. 
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Jun 26, 2017 20:43
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Erin Roberts got: https://www.youtube.com/watch?v=ON-7v4qnHP8
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Jun 26, 2017 20:43
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Warhawk109 posted:
They used to have 15 points but then they added some extra crumpets and poo poo to the mess hall section and that finally did it.
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Jun 26, 2017 20:46
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*"casual follower" with a "reasonable" amount of money in the game stops by, immediately following huge outcry over financials* "Hey guys, have you ever stopped to look at how consistent the funding is?"  "How could anyone thing CIG is in financial distress?" "I know one thing for sure - I'm going to buy more, and you probably should too!" *reddit applauds so hard that their hands burst into flame*
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Jun 26, 2017 20:47
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shrach posted:What do you have against pies? I guess Erin ate all the pies.... There's a claim that people have been cashing out shares just before this loan stuff. Recent cash outs is what people are questioning. That's evidence of cashing out at some point, which is good, but is there more after that? Anything recent, ie less than 6 months ago? Someone else will have to post whatever evidence in the FDev thread. I don't have an account there.
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Jun 26, 2017 20:50
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beautiful fatman posted:*"casual follower" with a "reasonable" amount of money in the game stops by, immediately following huge outcry over financials* CIG's funding is so consistent, within a few percent, that it's kind of shocking. Normally this would be kind of suspicious, but it's proof to me how solid CIG is.
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Jun 26, 2017 20:52
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XK posted:There's a claim that people have been cashing out shares just before this loan stuff. Recent cash outs is what people are questioning. That's evidence of cashing out at some point, which is good, but is there more after that? Anything recent, ie less than 6 months ago? I'm afraid that sounds like rumours.
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Jun 26, 2017 20:57
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https://twitter.com/thedamnshames/status/879427554712494080
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Jun 26, 2017 21:04
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Loan probably gets them to Citizen Con sale then + November sale + Christmas sale gets them to March/April 2018, end of the UK financial year. If Citizens then are still waiting a miracle patch, forking out for Valentine's Day sale and wondering what amazing thing they have planned for Gamescom 2018, lol. These people deserve to be scammed. Unless they decide to just call time on it all when Chris Roberts gets bored. He might think, gently caress it, Citizen Con, I just can't be arsed.
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Jun 26, 2017 21:07
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shrach posted:I'm afraid that sounds like rumours. That's why I wanted to see it myself. I knew there was that cash out in the past, but I didn't recall any evidence for something more recent.
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Jun 26, 2017 21:07
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XK posted:That's why I wanted to see it myself. I knew there was that cash out in the past, but I didn't recall any evidence for something more recent. I figure if the top brass wanted to get this cash out then they'd have to fix the books to make that as legal as possible afterwards. Buying F42 as one perfectly legal example. Applying for a loan means the books need to be correct, so why fix them twice? It makes more sense to me to get all the money you want out, fix it all to be legal so you can get a loan, then jump ship. We've been expecting major layoffs for months now, that seems to be the next logical step to spin the money that's left out longer and hope the backers get bored and go away. I've said before I don't think Mrs Roberts will stick around till the end.
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Jun 26, 2017 21:14
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AP posted:Loan probably gets them to Citizen Con sale then + November sale + Christmas sale gets them to March/April 2018, end of the UK financial year. In all seriousness, they are raking in $36m a year in their "collections". It really is difficult to imagine how they could go bankrupt if the numbers can be trusted and if they maintain these levels. One of the unanswered questions that Ortwin ignores is, what would happen if they hadn't taken out this loan? They could have laid off a large number of staff and kept the ball rolling. It's not like they actually produce anything anyway. This is still an option, but the fear (from the CIG perspective) would be that this accelerates the collapse of the house of cards.
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Jun 26, 2017 21:17
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shrach posted:In all seriousness, they are raking in $36m a year in their "collections". It really is difficult to imagine how they could go bankrupt if the numbers can be trusted and if they maintain these levels. One of the unanswered questions that Ortwin ignores is, what would happen if they hadn't taken out this loan? They could have laid off a large number of staff and kept the ball rolling. It's not like they actually produce anything anyway. This is still an option, but the fear (from the CIG perspective) would be that this accelerates the collapse of the house of cards. They can't make a game, even if the figures (which don't show refunds and don't show expenditure) were correct. You can't expect to raise millions each month on promises when it becomes obvious that it's all crap. Even Citizens have to wake up sometime.
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Jun 26, 2017 21:20
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So thanks to this guy's insane dedication to spreadsheets I was able to take a look at how much CIG has raised since the loan news hit. I used Saturday evening (GMT) which was about when the GAF topic was made $250,000. Quarter of a million. I know there was a new concept sale or whatever on Friday, but jesus. Even if you believe their explanation and support CIG, you'd think people would be more careful with their wallets
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Jun 26, 2017 21:20
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AP posted:Loan probably gets them to Citizen Con sale then + November sale + Christmas sale gets them to March/April 2018, end of the UK financial year. I'm thinking the end of year sales won't actually save them, although they are couting on it. Considering they needed to take out this loan in the first place, their "fresh cash" pledges must be drying up. Will they make enough during the last 4 months of the year to even cover their operating costs? Including the loan they need to pay back? Expect an all out blitz on marketing, demos and sales starting gamescom. 3.0 may or may not be released, but the focus will be on the "real" jesus patch, 3.1, coming VERY soon, now that the foundations and pipelines are in place (for real this time). Backer Faith restored... Buy this JPEG.
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Jun 26, 2017 21:23
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shrach posted:In all seriousness, they are raking in $36m a year in their "collections". It really is difficult to imagine how they could go bankrupt Collectively, we've come to the conclusion that their operating costs are $3 million per month, super conservative rock bottom minimum. It could easily be $3.5-$4.5 million per month. Crobbler couldn't manage a piss up in a brewery, and he has holes in his pockets.
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Jun 26, 2017 21:26
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| # ? Jun 4, 2024 21:39 |
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Nicholas posted:I'm thinking the end of year sales won't actually save them, although they are couting on it. Considering they needed to take out this loan in the first place, their "fresh cash" pledges must be drying up. Will they make enough during the last 4 months of the year to even cover their operating costs? Including the loan they need to pay back? It all comes down to just how dumb the whales are. Moma can you give us some insight into this? You were expecting 3.0 June/July, I assume you're walked this back to anything patch wise before the end of the year by now right?
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Jun 26, 2017 21:26
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