Star Citizen Lies, Ramblings, Jpegs, and Bullshit

[Aya Reiko]

Better question is; Does CiG even have enough money for a settlement?

[wiser3754]

An even better question, does CIG have enough money to finish their two projects? From what we've seen, they're not even close.

[Lir]

 Naaa, its fine, as long as papa Ortwin got dirty sheets to be washed SC saga wont end that soon. 
Edit : their goal is to go as slow as possible. Fortunately for them CR beeing an idiot fool makes it even easier to do.

[wiser3754]

Naaa, its fine, as long as papa Ortwin got dirty sheets to be washed SC saga wont end that soon. 
Edit : their goal is to go as slow as possible. Fortunately for them CR beeing an idiot fool makes it even easier to do.

CR has roped in almost 226 million in crowdfunding and a further 46 million from a Cayman Islands billionaire. That's not an idiot to me but a very good salesman . . . of snake oil.

[dsmart]

They neither have money for a settlement, nor to finish either of the projects. I mean, by end of 2017 they were insolvent. Then they got $46M (totally for marketing), and the monthly income is still lower than their burn rate. So there is no extra money for such things. And if they took it out of the $46M, after telling the investor it was for marketing - well then.

[wiser3754]

In a prior post Derek you did say that the settlement could be in the low millions. I assume you mean 7 figures not 8 as in tens of millions. Besides, the Yerli brothers of Crytek are Turkish, they won't settle for money when revenge is on the agenda.

[dsmart]

In a prior post Derek you did say that the settlement could be in the low millions. I assume you mean 7 figures not 8 as in tens of millions. Besides, the Yerli brothers of Crytek are Turkish, they won't settle for money when revenge is on the agenda.

Yeah, that's still my estimate. Given the seriousness of the claims that survived the MtD, I estimate that it won't be settled for anything less than $15M - $20M. Even more, depending on how far the Yerlis want to take it. If it was in the low millions, there wouldn't have even been a lawsuit to begin with. Though, as we now know, CIG was hurting for cash in 2017 and couldn't have been able to settle it either way. We didn't know this then, and not until end of 2018 did we have a financial picture for CIG.

As for revenge, don't underestimate the power of money

[dsmart]

The latest from our resident Goon accountant over on SA


There wasn't much need for one of these estimated cash-flow forecasts anymore since the jig is up. Everyone knows they ran out of money and needed loans/investment to keep going and now they have that $46m to last them a while but I went ahead and did one anyway. The main takeaway is they had to have run a $10m deficit in 2018 despite it being the best year for funding. It's really just a summary of their own figures and statements.



The blog financials have not been audited and represent a picture as presented by Simon Elms. I have already shown reasons to call into question the reliability of his work. Given the mix and match nature and lack of any balance sheet showing liabilities and other missing items, it seems reasonable to conclude that the figures as presented put the project in the best possible light via creative means that do not veer into outright dishonesty.

Simon Elms writes in late 2018 on the subject of Publishing and Marketing, "Consequently, it is not surprising that costs in this entire cost category are rising, climbing to $7.1M globally by 2017 and are likely to continue in that direction as we prepare for releases." Given that he has direct access to the management accounts, it's likely my estimate for $8m in 2018 is significantly lower than the actual increase.

The current total on Publishing and Marketing is some $33.5m to date. The annual expense is now some $8m+. As a reminder, Elite Dangerous raised £1.6m on Kickstarter and had a production budget in total of some £8m.

It's also worth pointing out that by their own figures, Star Citizen spent $1.15m in 2012. While it seems like a comparatively very small figure now, it's worth considering the budgets that were being thrown around at the time. It also represents about one-two months.

I think anyone can look at the summaries and the amounts and the timings and come to their own conclusions about this mess. If they think it's great project management well then, I got a jpeg to sell you.

[dsmart]

This shit is never not funny. Gimped over from SA


CIG has discovered and corrected one of the major problems facing their game! Namely: some of their ship commercials were getting kind of old, and didn't reflect the last three reworks.

So here's a new version!

To celebrate this groundbreaking achievement, it's

TIME FOR A FREE FLY!

And by "Free" we mean "For people who already paid!" Backers only, suckers!

But maybe you're a little concerned that they're spending a lot of time tacking on a stupid feature to an old ship, and not actually finishing the loving game you paid for? Well, never fear! Here's an insider exclusive 14-minute video tour of... the new ship customization options in the store! And a walkthrough of their next big yacht release! Boy howdy we're cooking with gas now! Buy our poo poo!

ps:

you can only customize your ship once

if you want to do it a second time you'll have to burn it and start over! Our bad! Now back to our non-stop coverage of this great new feature.

[wiser3754]

Derek Smart, "You can only customise your ship once. If you want to do it a second time you'll have to burn it and start over. Our bad."

Oh god. Why does almost everything in this "game" be so tedious and frustrating? Can't they take a clue from Elite Dangerous for f**ks sake?!

[dsmart]

Oh god. Why does almost everything in this "game" be so tedious and frustrating? Can't they take a clue from Elite Dangerous for f**ks sake?!

Fidelity

[wiser3754]

Fidelity

Of course!

[dsmart]

Meanwhile, over there...

* We're redoing all the space stations because oops we made a bunch of ships that are too big for the original designs
* But this time we're making them procedural so we can build a bunch automatically, just like every other space game
* Oh, you thought it was taking so long because we were handcrafting all the stations one by one? Nope sorry we just weren't actually working on them at all.
* Oh sorry we're only going to make the "Secondary Locations" procedural so don't you worry, your favorite space station will still be full of hand-placed garbage cans or whatever
* (All of the locations are secondary locations)

* Bartenders! We are seriously putting time and effort into the animations of single-action background NPC's in our game where the flight doesn't work
* Here's some more of that mocap you loving love. God it's so good, mocapping mixed drinks. None of this will ever be in the game!

* We reworked another fighter because we made it look cool in the concept art, and then it looked like a turd when it came out, and you got mad!
* The changes are barely noticeable but you better believe we will do six episodes of our youtube series, a magazine issue, and a ship sale over them- tacking on at least 3 months of overhead to our schedule.
* That keeps happening for some reason but definitely give us the benefit of the doubt this time, and also more of your money please!

[dsmart]

Yup, money is running low alright. So here come the exclusive sales again.



Unless you're a subscriber, you won't be able to access the sales page.

https://robertsspaceindustries.com/pledge/Standalone-Ships/Anvil-Aerospace-Valkyrie-Subscribers

$375

https://robertsspaceindustries.com/pledge/ships/anvil-valkyrie/Valkyrie

[dsmart]

The face of a broken man