Star Citizen - Chris Roberts, lots of spaceship porn, lots of promises

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@Ginger_Yellow

Oh sure, it could totally be a bad situation (arguably, we knew they were in a bad situation before this). I’m just not sure we can read much into the extent of the security, rather than the existence of the loan. In my opinion, if they were going to get a loan at all, it would be with an extensive security package like this. But I do think we should bear in mind that, unlike 38 Studios, CIG do at least have revenue coming in, even if it could easily dry up.

Right. You’re looking at it from the loaning institution’s perspective, and your logic there is sound.

I’m curious about looking at it from Cloud Imperium’s side of things. As you note:

1. They have a revenue stream coming in
2. This loan is not for a great deal of money
   But…
3. The collateral associated with this loan means forfeiture and likely liquidation of all assets if it defaults.

So…considering point 1, that they apparently do generate revenues, why does CIG need a small loan? How close or over on 30-60-90 day terms are they with creditors, in other words?

And given: revenue stream (apparent, at this point we don’t know that amount), loan size (loan appears to be small-ish)…Why would you put your entire project at risk of forfeiture and liquidation?

If the answer to the right of the equals sign is “This is all fine,”, those are the elements of the equation left of that sign that right now aren’t adding up for me.