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AP posted: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. Do they though? Isn't it normal to lay off 200 workers when you have 400 and you're nearing the end of game development (which you know nothing about)? Besides, 4.0 is only two weeks away. All the code is finished in 4.0 they just need a few people to layer in the content and fidelity and hey look over there! That new super military anti-stealth stealth fighter the "Terminatordestroyinator" concept sale is your only chance to get...
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Jun 26, 2017 21:33
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WarpDogs posted: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 Even a quarter million over 2 days is ~3.75 million over a month. That's in the ballpark for their actual operating expenses. Them not making that much over that period of time would actually put them behind. They need $100k per day to hit the bare minimum of estimated operating costs.
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Jun 26, 2017 21:33
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Meridian posted:The Gaming Media, known goon sympathizers. They better be! The payola is getting expensive.
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Jun 26, 2017 21:42
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XK posted:Even a quarter million over 2 days is ~3.75 million over a month. That's in the ballpark for their actual operating expenses. Them not making that much over that period of time would actually put them behind. They need $100k per day to hit the bare minimum of estimated operating costs. And that's just to maintain their current levels of having no game, no plan for a game, no functioning game engine, and no documentation or solid idea of what either SC or SQ42 is so they can make progress in that direction. It's $100k per day just to tread water. Imagine how much more cash it would take to get rid of Chris Roberts, hire actual developers, and then design and build a game.
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Jun 26, 2017 21:44
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they have to be spending $4 to $5m a month at minimum top brass is probably pulling in at least $3 to $5m a year chris: $800k+/yr sandi: $225k+/yr erin: $285k/yr I mean, that's just 3 execs making almost $1.3m a year in salaries alone, which is about 120k/m just to keep those 3 around don't forget the brilliant tony z and brian chambers and ortwin and all the additional money they are getting from benefits and bonuses and buy outs and royalties I mean, gently caress, executives probably need, at minimum, $300k/m just to pay themselves
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Jun 26, 2017 21:54
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Wait, let me see if I understand this- they put up the game for collateral, to receive a loan. This loan is on the amount of a tax rebate they expect to get next year. The £ is losing against the $ and € because of brexit.. meaning the rebate is less than they expect, and they want to repay it using Ameribux or Eurobux, why again? I mean this is a crazy level of spin, because it never addresses the issue- why do they need an advance of a tax rebate? That's like getting a loan and putting your car as collateral for your next expected tax refund.
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Jun 26, 2017 21:54
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OhDearGodNo posted:Wait, let me see if I understand this- they put up the game for collateral, to receive a loan.
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Jun 26, 2017 21:56
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if the bank owns all the collateral, where would the refunds come from?
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Jun 26, 2017 21:57
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bbbbut they went to a real fancy pants bank the queen
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Jun 26, 2017 21:58
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Snazzy Frocks posted:if the bank owns all the collateral, where would the refunds come from?
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Jun 26, 2017 21:59
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TheAgent posted:there wouldn't be any once the bank controls it, backers would receive a pittance, if anything at all A nice jpeg with "lol"
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Jun 26, 2017 22:01
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They just wanted to have cash on hand to fund the upcoming refund cascade.
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Jun 26, 2017 22:01
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They are so hosed. Its awesome. Anyone who can look at this and keep their money in the poo poo game deserves what they get.
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Jun 26, 2017 22:02
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Golli posted:They just wanted to have cash on hand to fund the upcoming refund cascade. When you put it like that it's just common sense
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Jun 26, 2017 22:02
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TheAgent posted:because its shady as gently caress and doesn't make a lick of sense because it's a desperate attempt to keep the motherfucking lights on and people paid because the second a studio closes its mass refund time and everything everywhere is absolutely hosed Once a studio closes and dozens of people get laid off I fully expect a surge in pledges as shitizens rationalize it as, "They just arent needed anymore. Obviously SC / SQ42 is REALLY close! They just don't want to spoil it by telling us! Good business decision, imo."
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Jun 26, 2017 22:03
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TheAgent posted:because its shady as gently caress and doesn't make a lick of sense because it's a desperate attempt to keep the motherfucking lights on and people paid because the second a studio closes its mass refund time and everything everywhere is absolutely hosed This makes the most sense to me. Knowing Chris's faith in his own "product", it's consistent with his behavior that he'd believe Citcon would bring in a healthy amount of money. It's also been consistent with backer behavior. They must be in a spot where the money got just low enough that the only way to make it to the next Citcon would be layoffs, closing a studio, etc. and those optics would definitely cause a run on the bank, bringing this thing to an end. The loan would only need to be enough to cover until that event, at which time they've got "3.0" out the door and Chris makes his expected half a billion dollars. The tax credit might be the excuse they're floating, but I don't think it figures into this as much as the Citcon Hail Mary pass.
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Jun 26, 2017 22:03
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So when is VR coming? 
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Jun 26, 2017 22:06
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Scruffpuff posted:This makes the most sense to me. Knowing Chris's faith in his own "product", it's consistent with his behavior that he'd believe Citcon would bring in a healthy amount of money. It's also been consistent with backer behavior. They must be in a spot where the money got just low enough that the only way to make it to the next Citcon would be layoffs, closing a studio, etc. and those optics would definitely cause a run on the bank, bringing this thing to an end. The loan would only need to be enough to cover until that event, at which time they've got "3.0" out the door and Chris makes his expected half a billion dollars. meanwhile he thinks that star citizen, when released, will instantly make CIG over a billion and a half dollars. I am not exaggerating. he really believes this. so right now, the ends justify the means. take loans, make promises, do whatever you need to do to cross the finish line because once you do you can easily repay every unpaid bill and rebuild every burned bridge with your new, untold fortune.
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Jun 26, 2017 22:09
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peter gabriel posted:So when is VR coming? It's obvious you know the answer to that question and are just trying to spread negativity. We don't tolerate that around here, goon.
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Jun 26, 2017 22:09
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Nicholas posted:It's obvious you know the answer to that question and are just trying to spread negativity. We don't tolerate that around here, goon.
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Jun 26, 2017 22:10
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peter gabriel posted:So when is VR coming? Turns out that VR was the friends we made along the way
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Jun 26, 2017 22:11
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peter gabriel posted:So when is VR coming? This question really annoys me. Virtual Reality is already in the game. We've been playing it all along. Anyway, it's only a game mode. *Waves hands maniacally* *Puts on fake moustache* *Drives off in the direction of Venezuela*
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Jun 26, 2017 22:14
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TheAgent posted:meanwhile he thinks that star citizen, when released, will instantly make CIG over a billion and a half dollars. I am not exaggerating. he really believes this. I believe you - I've heard the same thing. Chris has done the math, as he does, looking at what he considers his "competitors" and he knows that in a month or so hundreds of millions dollars is a sure thing - the only thing that can stop him is sudden appearance of failure and loss of backer confidence, so this loan is just to hide the cracks in the paint until all that sweet cash pays for it in earnest. He literally is as developmentally damaged as his backers, and he believes this shitshow just as much as, if not more, than they do. I'm torn between feeling bad about how much damage crippling mental illness can do to people, and laughing my rear end off for eternity while watching the only possible conclusion this dumpster fire could have ever reached.
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Jun 26, 2017 22:14
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peter gabriel posted:When you put it like that it's just common sense Star Citizen: When you put it like that it's just common sense
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Jun 26, 2017 22:15
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C-Bangin' it 
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lol at them throwing out 3.0 to the evocati this friday/weekend to shut people the gently caress up it won't have anything but the new cargo animations and not even half of the ships are converted to item 2.0 also they get a single moon map to drive around on, loaded from the main screen lol
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Jun 26, 2017 22:19
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Glorious. I won't have to buy another video game for a few decades thanks to Robert's vision.
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Jun 26, 2017 22:24
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TheAgent posted:lol at them throwing out 3.0 to the evocati this friday/weekend to shut people the gently caress up Oh, that would be the best thing. Seamless transitions....when you exit the mode and select a new one from the menu.
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Jun 26, 2017 22:27
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Drunk Theory posted:Oh, that would be the best thing. Seamless transitions....when you exit the mode and select a new one from the menu. CHRIS NEVER PROMISED IT SO THERE gently caress YOU
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Jun 26, 2017 22:27
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Scruffpuff posted:I'm torn between feeling bad about how much damage crippling mental illness can do to people, and laughing my rear end off for eternity while watching the only possible conclusion this dumpster fire could have ever reached. It's been worth thirty bucks so far. Isn't that a sad indictment of the world. edit: http://www.starcitizenstatus.com/ Hav fucked around with this message at 22:33 on Jun 26, 2017 |
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Jun 26, 2017 22:31
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History Comes Inside! posted:Is it normal to include a specific term to state that you categorically aren't partners or is it probably because CIG kept saying partner so many times when the loan was being discussed the bank realised they needed to cover their asses? https://www.youtube.com/watch?v=N5lJigJ7ngM&t=21s
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Jun 26, 2017 22:37
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I am absolutely convinced they are scrambling to get the planet walking game-mode working before Gamescom. 90% of that is probably polishing up some landing zone station instead of any useful scalable solution. https://starcitizentracker.github.io/#3.0_patch_-_Seamless_planetary/lunar_landing  No seamless landing in 2017
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Jun 26, 2017 22:37
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Snazzy Frocks posted:if the bank owns all the collateral, where would the refunds come from? If it collapses, there simply are no more refunds. There would be no resource to provide refunds even if they really desperately wanted to give refunds. At best, backers would get paid out pennies on the dollar with whatever is left after banks auctioned off desks, chairs, and computers for maybe 1/3 of their purchase value. The 3D models, audio, visual, artwork, I can only imagine would be worth only whatever a stock asset outfit would be willing to buy it for. Those guys sell huge asset packs for $20-$30. Why would anyone specifically want CIG's stuff except as random cruft to help fill out a generic asset library. It's almost valueless. The bank isn't going to sell the physical items off piece by piece, they'll sell lots. Here's 150 computers, 1.5 years old, make an offer. Here's a shitload of chairs. Buy these 200 desks. Some liquidation firm will pick them up for a fraction of what they were bought for, and the bank doesn't give a poo poo because it has no interest in having a fancy coffee maker or expensive aircraft rivet desk sitting in storage somewhere. They just want it out the door with cash in hand.
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Jun 26, 2017 22:37
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Nicholas posted:"that unverified funding data sure is consistant", says the citizen. One fun thing that nobody in the community has really caught onto yet- There was never an X million dollar spike in the funding tracker when they got this loan. So either the funding tracker does not represent the actual funding status of CIG and they've been getting outside "Investment" for some time without telling the backers, or they're pushing the cash into the tracker bit by bit. Bit by bit they keep undermining their own cover stories. Sarsapariller fucked around with this message at 22:44 on Jun 26, 2017 |
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Jun 26, 2017 22:41
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Beet Wagon posted:If you look carefully, I think you'll find that the gold fringe around Ortwin's post indicates that it is a maritime post and therefore the court has no jurisdiction in this case! 
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Jun 26, 2017 22:41
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Remember when all this worked in the internal dev build 2016? https://www.youtube.com/watch?v=Z-3YBuFI3iI&t=2625s lol
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Jun 26, 2017 22:47
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TheAgent posted:lol at them throwing out 3.0 to the evocati this friday/weekend to shut people the gently caress up heh that would lead to much hilarity
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Jun 26, 2017 22:50
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Welcome to the
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I made videos claiming smoke and mirrors and fakery in the live streams and demos they put out like so many months ago. Still waiting for CIG to disprove any part of them. 
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Jun 26, 2017 22:53
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Nicholas posted:Once a studio closes and dozens of people get laid off I fully expect a surge in pledges as shitizens rationalize it as, "They just arent needed anymore. Obviously SC / SQ42 is REALLY close! They just don't want to spoil it by telling us! Good business decision, imo." RSI Studio closure sale plus physical items that actually exist, discounted printed artwork and furniture.
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Jun 26, 2017 22:53
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Colostomy Bag posted:Well let's hope Coutts & Co bought the Completionist Package to give them the privilege. Ortwin is a genius. He's got Coutts over a barrell. Either the loan is free, or the bank owes CIG $15K per Javelin (which is fair, because the resale value—once ships are worth four times the
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Jun 26, 2017 22:54
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By the way, been meaning to ask the thread: If CIG folds suddenly, what actually happens with the current SC alpha? Would it be instantly defunct, or is there a preexisting contract with Amazon that would keep the servers/login info alive for a little while?
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Jun 26, 2017 22:59
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