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Wow I have not been following sperg citizen for a while and now it looks like their whales are all dried up and are now taking loans lol. The mental gymnastic that ortwin did to cover up their loan is awesome. Sperg Citizen they just always keep on giving
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Jun 26, 2017 16:16
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By the way are the usual shills still here? MoMA and his crew? I backed read 4 pages an no sign of Toast even with this recent event
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Jun 26, 2017 16:17
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MoMA's busy with his fleet firesale at the trading sub
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Jun 26, 2017 16:20
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EminusSleepus posted:By the way are the usual shills still here? MoMA and his crew? I backed read 4 pages an no sign of Toast even with this recent event He showed up just before (or after? time is a blur) the Ortwin foot-in-mouth post to act like he hadn't just spent the previous 20 hours in CIG's Situation Room wired on coffee and trying to figure out how exactly it was that Chris wanted him to sue Derek Smart "to death" lol
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Jun 26, 2017 16:22
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Big K of Justice posted:Once you have your costs/budget pegged, you can sign that loan over to another production/holding company or bank in exchange for a cash advance, say 10%. With that money immediately available you got "free" additional money to finance your project. So THIS is the science between the "our dollar is worth four publisher dollars"  Imagine four dollars on the edge of a cliff Star Citizen works the same way.
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Jun 26, 2017 16:24
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Erenthal posted:well, it does say that you need a million pounds in assets so all good there 
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Jun 26, 2017 16:25
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Orions Lord posted:So basically CR, Sandi and the lawyer won. lol I'm fine with this The people who gave them money deserved to lose every cent. Literally the definition of throwing bad money after good once the original KS wrapped.
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Jun 26, 2017 16:27
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cool new Polack jokes posted:So THIS is the science between the "our dollar is worth four publisher dollars" Imagine four dollars on the edge of a cliff, each one getting thrown down in the water. Star Citizen works the same way.
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Jun 26, 2017 16:31
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beautiful fatman posted:He showed up just before (or after? time is a blur) the Ortwin foot-in-mouth post to act like he hadn't just spent the previous 20 hours in CIG's Situation Room wired on coffee and trying to figure out how exactly it was that Chris wanted him to sue Derek Smart "to death" lol Ortwin probably just checked all the theory crafting on Reddit on why CIG took out the loan, and repeated verbatim what the spergs were saying. "Oh look we were right! CIG is just hedge funding the forex market! Nothing to see here!"
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Jun 26, 2017 16:34
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Warhawk109 posted:Ortwin probably just checked all the theory crafting on Reddit on why CIG took out the loan, and repeated verbatim what the spergs were saying. "Oh look we were right! CIG is just hedge funding the forex market! Nothing to see here!" "Mr. Ortwin, sir, I don't think it's really a good idea to say we're buying Imaginarium..." ~ Toast, I assume
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Jun 26, 2017 16:35
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nawledgelambo posted:
Obviously, the UK Government will not default on its rebate obligations which will be used for repayment, and even then the UK companies have ample assets to repay the loan, even in such an eventuality which is of course unthinkable.
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Jun 26, 2017 16:43
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Jobbo_Fett posted:Obviously, the UK Government will not default on its rebate obligations which will be used for repayment, and even then the UK companies have ample assets to repay the loan, even in such an eventuality which is of course unthinkable. I know I highlighted that as well When does a lawyer ever say something like that , nothing in life is ever obvious or unthinkable , especially when we are talking loans and banks
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Jun 26, 2017 16:46
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Yeah, I thought it was particularly sleazy how he tried to cast the UK government as the less stable party, instead of a dysfunctional JPEG factory of a game company.
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Jun 26, 2017 16:46
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coutt >> 'thank you for playing!'
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Jun 26, 2017 16:49
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He's basically saying that if they don't get the rebate for whatever reason, they'd have to start liquidating assets to pay the loan. LOL
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Jun 26, 2017 16:50
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Unthinkable to the average citizen maybe, we've been thinking it for years.
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Jun 26, 2017 16:51
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They should start with that gaudy furniture
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Jun 26, 2017 16:51
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Bubbacub posted:Yeah, I thought it was particularly sleazy how he tried to cast the UK government as the less stable party 
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Jun 26, 2017 16:57
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vyst posted:They should start with that gaudy furniture In the event they have to auction that poo poo off after insolvency, I've had my eye on a lumpy rivet desk for some time
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Jun 26, 2017 16:58
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Backed read 15 pages and you goons gave Ortwin the idea currency exchange and what not, stop giving them. Ideas on how to cover up their mess lol
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Jun 26, 2017 17:00
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Dementropy posted:Today:
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Jun 26, 2017 17:01
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beautiful fatman posted:He showed up just before (or after? time is a blur) the Ortwin foot-in-mouth post to act like he hadn't just spent the previous 20 hours in CIG's Situation Room wired on coffee and trying to figure out how exactly it was that Chris wanted him to sue Derek Smart "to death" lol Yeah I saw Moma and larzin still in the shill payroll of cig
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Jun 26, 2017 17:01
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Jun 26, 2017 17:02
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http://www.eurogamer.net/articles/2017-06-26-star-citizen-studio-seeks-to-calm-fan-fears-it-faces-financial-issues No mention of Squadron 42 IP and assets being held as collateral by the loan...
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Jun 26, 2017 17:03
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Coutt is right why would it take Star Citizen as collateral when there is no sign of it being done, They accepted Sq42 as collateral because that has more substance than SC
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Jun 26, 2017 17:03
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Jason Sextro posted:In the event they have to auction that poo poo off after insolvency, I've had my eye on a lumpy rivet desk for some time The Smithsonian has dibs on the Lesnick couch.
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Jun 26, 2017 17:04
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C-Bangin' it 
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So, who else thinks that the loan is for less than the expected rebate? In this way the rebate covers both the loan and the interest.
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Jun 26, 2017 17:06
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Jun 26, 2017 17:07
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Chin posted:I appreciate these regular reminders that SC cultists are awful people deserving of zero sympathy. Don't wish them zero sympathy, friend. Do as the dancey cat does and spread the love (unless it switches into the  cat, then anything goes)
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Jun 26, 2017 17:08
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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?
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Jun 26, 2017 17:09
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http://www.trumpdonald.org/
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Jun 26, 2017 17:11
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Star citizen : we need about tree fiddy. dog taxxe : 
Brazilianpeanutwar fucked around with this message at 17:21 on Jun 26, 2017 |
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Jun 26, 2017 17:14
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I just sent off this email to Coutts & Co:quote:Hello, I was wondering if I could get a comment on the partnership between Coutts & Company and Cloud Imperium Games U.K. Ltd? It was referenced by Ortwin Freyermuth in an official statement on behalf of Cloud Imperium Games here: Probably will hit their junk folder but maybe if they get enough people asking about it, they'll look into it. https://www.coutts.com/contact.html Media inquiries email is at the bottom.
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Jun 26, 2017 17:15
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synthetik posted:coutt >> 'thank you for playing!' beautiful
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Jun 26, 2017 17:17
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Star Citizen: What's Wrong With You?
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Jun 26, 2017 17:18
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The inevitable consequence of the game releasing. Derek drinks bleach. What a bunch of hosed up folks.
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Jun 26, 2017 17:23
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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? I don't know for sure, but I would imagine it's a common clause to prevent a company from acting like a loan is an investment in the company by the bank in marketing and things like that.
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Jun 26, 2017 17:30
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I'm still trying to wrap my head around ortwins logic here They took out a loan for $x as an advance on the $x they're owed from the UK government But then he says they have enough cash to cover it should they not get the amount owed Why in God's name take a loan out if you don't need it ... ugh If it's to avoid converting currency , that tells us right there that they have blown the entire fiscal budget for f42 already
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Jun 26, 2017 17:31
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citizens propping ortwin up as some sort of super lawyer sent down from lawyer mt. olympus or some poo poo is always entertaining to me also trusting a corporate lawyer to give you the straight dope is funny, like they would trust activision's lawyers doing the same thing.
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Jun 26, 2017 17:38
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Does someone have Ortwin's response to the infamous refund case with the DA? That was good for a laugh.
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Jun 26, 2017 17:40
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