dsmart
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@kristof
still no refund? That actually makes me sad. Because I thought CIG was “owning up” to not living up to everyones expectation, and now that they blew past $100 million I thought they could lower the bar of what’s required to get a refund.
They are doing it selectively. And more and more people are making it public now. This one is recent.
Regarding this entire inventory lists, I find that rather petty to be honest. Yes, CIG said all money would go to game development, but questioning their choice of lamps as too expensive? Really? How’s that any different than the gargantuan Orc statue outside Blizzard’s HQ in Irvine which has the same purpose – “we have money!”.
You realize that’s rubbish, right? This game is 100% crowd-funded and they are legally required to spend the money on the game; regardless of whatever misleading statements they made. Here in the US, the FTC, which is a Federal dept, makes this very – very – clear and specifically to crowd-funded projects. Spending that kind of money on expensive furniture, is not conducive to responsible spending which in turn will lead to the demise of the project before they can deliver it.
And guess what, the AG of at least two States, and the FTC, have taken action against crowd-funded projects for spending money on things not pertaining to the project.
And if/when this whole thing collapses, how they spent the money is going to be paramount to what legal action and remedies they face.
Speaking of Derek’s statements – we’re down to 3 weeks left on the clock of Dereks guaranteed CIG bankruptcy , while CIG are 1 year overdue with “Wing Commander’s spiritual sucessor”.
I never said anything about them being bankrupt. I said I gave them 90 days before they hit financial troubles. Yes, there is a difference.
There’s over $10K worth of furniture in that shot. We have been following and posting about that for weeks now. It’s in my Twitter feed.
As to my guidance about their operations, I had given them 90 days; which would expire in January, 2016.
Sure they made quite a bit of money in Oct/Nov due to CitizenCon & the anniversary sale. But given their monthly burn rate disclosed by third-parties, all that does is buy them about two months or so. They have to make at least $3m per month to sustain development across four studios.
So even if they are still around by end of Jan 2016, regardless, they will still need financial investment in order to continue being a going concern.
And since the whales are all probably tapped out by now, coupled with the state of the mini-PU 2.0 which shows clear evidence that the game, as promised, is still several years away, their next push after December stream/sale this week, is going to be SQ42. But even so, they still have a big problem in that over 700K people are getting that for free.
Like all things related to analysis, it’s not a perfect, but I still believe that something huge will happen to this project in 2016.
As to lawsuits, there is a very good reason why I don’t talk about that anymore, following the 11/30 expiration of the ToS in question. And I am not going to comment on that any further.
As for RSI/CIG, they’re not going to sue anyone as that will open up a massive can of worms; all of which will lead to their financials. They know this very well.
@meat
I am curious why you keep focusing on the star marine module, saying it is canceled. It seems kind of like a tactic to trick uninformed people into thinking that the fps is being abandoned, implying that CIG has given up on implementing fps, when in fact the opposite is true.
Actually I am not. It is canceled. Chris confirmed that himself; then clearly stated that it was going to be rolled into the PU. And unless you weren’t paying attention, the SM module was a lot more than just fps. Go back and read up on it.
It has nothing to do with “fps being abandoned”. How is that even possible when fps (the old ver) is actually still in the game?
Funny, I just tweeted a similar thing: https://twitter.com/dsmart/status/675788161839165440
We have no clue how they’re doing their taxes. But regardless of how the money comes in, it is still considered taxable income.
As to the tax incentives, I believe if they utilized it, then it would have been for Illfonic who did the ill-fated and canceled Star Marine module.
They made quite a bit of money in Oct/Nov due to CitizenCon and the anniversary sales. So that should last at least two months. Regardless, 2016 is the definitive year. And since they’re already tapped out on what they can raise money on, the next target seems to be SQ42.
Naturally, since pre-Alpha 2.0 was rushed out and continues to be a disaster, you can’t post stuff like this on the official forums without getting abused. And if you post it on the Reddit forum, the same thing happens; plus it gets down-voted to oblivion.
Now it’s on wide release, more people get to see what they’re paying for and decide for themselves if they think it will ever finish in 2016; let alone ever see the light of day.
