Troll needs feeding. It's been awhile...
04/11/2016
http://www.dereksmart.org/2016/04/star-citizen-the-ele/
"For about two weeks now I have been hinting that on-going events which, combined with what has transpired long before this project turned into the shit-show that it is now, are likely to see this project result in a catastrophic collapse before they can deliver on promises. If you are in the media, a backer (are you a disgruntled whale? then you’re even more vested; do something), or in a position of authority, you need to do one thing, and one thing only. Ignore all the noise and the drama, because my opinion remains the same, the game is never going to come out as promised. Instead, just follow the money....But needless to say, those now following the money should be looking closely at where it’s coming from, where it’s going, and whether they have enough to complete the project or not."
12/24/2018
http://dereksmart.com/2018/12/star-citizen-a-new-dawn/
"It was only a matter of time. When you’re burning more money than you’re making, and your project is over four years late and well over $145M over budget, you’re probably in trouble. We’ve known for some time now that they were actively looking for money to continue funding the project because despite the crowd-funding chart being complete nonsense, they are burning through a lot of cash."
An E.L.E (used as an analogy in my missive) is a progressive event that takes place over time.
https://cloudimperiumgames.com/blog/corporate/cfo-comment-2012-2017-financials
Until they're extinct, there is no event that caused extinction. Arguing otherwise is guesswork and conjecture. If you can honestly tell me that when you proudly forecast CIGs demise, via this fictional ELE, that you thought they'd still be in business 3+ years later, then it was a damn foolish thing to predict so soon. The longer it goes without extinction, the more foolish it appears you were.
The financials you've so kindly clipped for me there are showing the same thing. Expenditure. Please don't tell me that because it's in a red font you think it means they've lost money every year...?
If you look at the income from the same years, you'll see a positive difference in 2012, 2013 and 2014, pretty much break even in 2016 and small losses for 2015 and 2017, easily absorbed by the black first three years.
End of 2014 they had a net cumulative position of +$25 million. If they were operating in the red every year, ('all these years'), it seems impossible to have 25 million in the bank, wouldn't you agree?
Post a screen clip of their net cumulative position or even one of their income next to the expenditure. You've just clipped the same thing in different formats. Reasonably pointless.
So again, a company with money in the bank, investors happy to invest and a game that is slowly coming together with quarterly updates and a single player game coming next year...maybe, simply does not have the aroma of death. The ELE isn't happening, hasn't happened and won't happen any time soon. Get over it. You were wrong.
