Wise Learned Man posted:

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?

big nipples big life posted:

Wise Learned Man posted:

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?

Mirificus posted:

Wise Learned Man posted:

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?

ZenMaster posted:

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.

Breetai posted:

Foo Diddley posted:

Wow, Illinois has some really big license plates

Mirificus posted:

nawledgelambo posted:

posting from the past but lmaooooo

someone get on the hooks and relay this to their fraud department; instant default

Mirificus posted:

Mirificus posted:

XK posted:

If you're going to blow out like that, at least spell correctly.

Mirificus posted:

snip big idiot spamming message for you dumb mobile goons

Mirificus posted:

XK posted:

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.

Golli posted:

What if the reason 'Star Citizen' IP is "excluded collateral" is because they have already pawned it to a US institution?

Sarsapariller posted:

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.

WarpDogs posted:

Even if you believe their explanation and support CIG, you'd think people would be more careful with their wallets

Golli posted:

What if the reason 'Star Citizen' IP is "excluded collateral" is because they have already pawned it to a US institution?

The Titanic posted:

Took the weekend off and sure thing, cig explodes.

MinorInconvenience posted:

Could be. But... if it were then there would be public UCC-1 statements listing that collateral in the company's state of incorporation, which I believe is Delaware. Anyone want to pay the Delaware Secretary of State to find out?

Golli posted:

What if the reason 'Star Citizen' IP is "excluded collateral" is because they have already pawned it to a US institution?

Nuclearmonkee posted:

Backers aren't getting poo poo. The people they secured additional additional financing from are going to be preferred creditors which means they get first dibs in the fire sale and backers get to fight over anything that happens to be left after they are done.

Which will be zero lol

There's no way CIGs assets are worth enough to even give out pennies on the dollar once creditors are done.

Scruffpuff posted:

The Star Citizen IP is excluded collateral because it has a net worth of $0.

More than that, the Star Citizen IP doesn't exist.

Despite the constant issuing of "lore," JPEGS, and other bullshit streaming from Chris Roberts distended anus, there is no value whatsoever to the collection of assets that he considers the Star Citizen "IP" - they're nothing more than his generic imaginings, with no recognition factor outside of his mentally damaged fan base.

Do you know what this is a picture of?



It's a Tie Fighter. Everyone on the planet has known what this ship is since 1977. Pygmy tribes in unexplored jungles make Tie Fighter cookies on May the Fourth. It's an instantly recognizable icon from a beloved franchise. We know what color lasers it shoots, we know what the engine sounds like, we know how they fly.

Do you know what this is a picture of?



It's a Vanguard. Do you know how you know that? Because the loving name of the ship is on the goddamned picture along with the ship, because if it isn't, nobody would be able to tell it apart from any other ship they've seen in any other generic space movie or game. Nobody, aside from an incredibly insular and maladjusted community, gives the slightest poo poo whatsoever about what it is, what it's called, or what bizarre piece of shat-out D-level "lore" features its use.

And nobody ever will.

If anything, the Star Citizen IP has negative value - time will wind up being spent formatting the media on which it's all stored, and entry-level IT gets paid by the hour.

ManofManyAliases posted:

I'll save you the trouble: it's not.

Scruffpuff posted:

The Star Citizen IP is excluded collateral because it has a net worth of $0.

More than that, the Star Citizen IP doesn't exist.

Despite the constant issuing of "lore," JPEGS, and other bullshit streaming from Chris Roberts distended anus, there is no value whatsoever to the collection of assets that he considers the Star Citizen "IP" - they're nothing more than his generic imaginings, with no recognition factor outside of his mentally damaged fan base.

Do you know what this is a picture of?



It's a Tie Fighter. Everyone on the planet has known what this ship is since 1977. Pygmy tribes in unexplored jungles make Tie Fighter cookies on May the Fourth. It's an instantly recognizable icon from a beloved franchise. We know what color lasers it shoots, we know what the engine sounds like, we know how they fly.

Do you know what this is a picture of?



It's a Vanguard. Do you know how you know that? Because the loving name of the ship is on the goddamned picture along with the ship, because if it isn't, nobody would be able to tell it apart from any other ship they've seen in any other generic space movie or game. Nobody, aside from an incredibly insular and maladjusted community, gives the slightest poo poo whatsoever about what it is, what it's called, or what bizarre piece of shat-out D-level "lore" features its use.

And nobody ever will.

If anything, the Star Citizen IP has negative value - time will wind up being spent formatting the media on which it's all stored, and entry-level IT gets paid by the hour.