That comment thread, it’s like I was watching a traffic accident, I couldn’t look away. Actually, it’s worse, I don’t want to look at a traffic accident, it’s none of my business and I don’t want to crash!
But this… christ, people are idiots.
Well imagine this if you will. It’s been like that for YEARS. They do this in EVERY SINGLE news article where dissent appears. This is how they got the “toxic” moniker. Seriously, those guys are insane.
The dream he is selling is powerful, and while there is better things to spend money on, in general this isn’t the worst. Less than what the US military uses in one day methinks.
Haha, you could probably sell animated gifs.
It kinds sucks that good games earn a lot less than this scam.
Have you seen how much those stupid copy paste mmo strategy games on IOS and such makes? Have you? Some of them pull in a million dollars a day, selling SHIT gameplay and utter trite pay to win mechanics…
Fuck that…they are outright feeding an addiction for people who like to see their numbers rise and their dicks not.
For the record, I had nothing to do with that.
https://massivelyop.com/2018/12/14/massively-ops-2018-awards-worst-business-model/
Latest:
Worst for who? Certainly not the owners.
More on the Cayman Islands investor fiasco. The 3rd one has been located in the British Virgin Islands
WAKE UP YOU GUYZ!!!
The other penny has dropped overnight.
As I mentioned in my update thread above, the statement of capital which they would need to file, would show the value of the shares. It’s now online:
https://beta.companieshouse.gov.uk/company/08815227/filing-history
They sold each share in May 2018 @ £149.63 per share. Chris, Erin, Ortwin sold shares to Infatrade and cashed out, thus taking money out of the company again. Indus & Erloch get a piece of the action to the tune of £17M which goes into the company. That’s about 10% of the company sold. Considering their burn rate, that £17M in dark money is probably all gone by now. In fact, that’s about 6 months of funding for F42 alone.
Like I said, this isn’t even a Red flag; it’s a five alarm fire.
My latest thread on this
Holy crap. I read the comments in the PC gamer article. I have a serious question. Are they paid shills? I might be supremely naive but I just can’t see that kind of blind loyalty. Caveat: I also have trouble believing MAGAs and incels really exist in the world. I swear they’re just really effective trolls or paid shills.
GUYZ!! More breaking news just dropped. I have updated the blog, with a new section CIG HAS A NEW DIRECTOR
It looks like this new director, Dan, is either an investor or is representing a client. He is now one of the exec level directors at CIG; a position you don’t get for free. So this has also happened in the US, but we won’t know about it because the filings are private.
So, they’re going to start laundering money for Russian capitalists now? That will end well.
(ok, I’m speculating, but not wildly)
Whoo! Squadron 42 beta now mapped to Q2 2020.
2012 to 2017 financial statement.
BREAKING NEWS
And the final shoe drops. CIG raised $46M this past Summer from investors.
They have updated the UK listing showing that Ezer Eli KLEIN, one of the officers of Infatrade (the investor of this deal) is now a director of CIG, joining industry heavyweight Dan Offner who I revealed earlier this week.
https://beta.companieshouse.gov.uk/company/08815227/officers
Remember when I said Dan was either an investor or representing the investors?
So there you have it folks, nothing further can be said here, other than this is history repeating itself.
I can’t say I’m surprised because for YEARS I’ve been saying THIS was going to happen.
Chris Roberts also wrote a blog about the news. Funny how I get to break all these news, long before he does. So much for transparency. Also, this happen back in May!!
They have also now published their financials. Funny how investors can make you do things. Chris Roberts burned through ALL this money without ever shipping a SINGLE one of the two products. The project - as I had predicted - is running in the RED. Hence investors.
And the Squadron 42 roadmap is now online.
Q2/2020 for the BETA. I can’t even stop laughing.
There you have it folks.
Yup, released right before Christmas so hopefully no one will notice. Love it.
Looks like they’ve been upside down the past three years running. We’ll see what this new investment brings.
Also, love the optimistic blurb at the end of the 2012 - 2017 financials by the CFO ;-).
Any idea what investors actually think they’re going to get out of it? It doesn’t seem to me like they have much investors can take out of it.
I love how they waffle between claims that things are actually done and about to be released and then giving roadmaps that show things have literally not started.
It’s one thing to repeatedly claim things are 95% done and then realizing that they are really only 60% done. I mean, it’s a sign that you don’t know what you are doing but it happens.
But 95% to whoops we meant we’ll start work on it next year hopefully.
This project never fails to make laugh!
If those finantial numbers are right, we have Star Citizen for a while.
Last year they ran $5 in the red, and they just raised $46M, so that’s 9 more years at 2017 rate of expenses and funding. Of course the reality is that they will increase spending, most likely in 2020 to market SQ42 (if they hit the target, which given the track record is, let’s say quite questionable).
Also it seems the raised those $46M assuming a $500M market cap, which is somewhat insane, but I guess I’d defer to people willing to invest that money in terms of judging viability.