E-begging take 4:
And two idiots have signed up!. Love the sausage fest in the meet our team section.
I wish him luck and hope he doesn’t use the passing of his father as a marketing stunt like he did repeatedly with his deceased sister’s birthday and craven co-opting of the Intellivision company itself upon Keith Robinson’s death.
Their 2022 trailer is the same as their 2020 one.
As of last financial year-end they were $8.7m in debt with a $3.2m loss for the year and $428k cash on hand.
More lies:
That’s not real is it? Star Wars? Madden? God of War? No way is that stuff happening.
It’s as real as J Allard is their worldwide global manager! When the checks start bouncing and they’re even more desperate than before, they have no time for minor details like legalities!
They don’t have licenses to any of that popular stuff, of course. This is what they’ve blown their money on (sorry, just licenses, no games are done):
I can’t believe they are parting out and charging (or going to try to if they ever ship hahahahaha) for the freeware Flash Sesame and Care Bears games from those websites!
2020 and 2022 trailers, side by side:
Their sales deck says they forecast 25 million units sold!
Their own valuation puts the entire company at $30 million.
“We spent the first 11 million so well! Give us 10 more!”
Look at this attention to detail. No mention of Ars Technica mentions on prestigious Conde Nast publications anywhere:
Holy crap. Look at the BBB profile for “startengine”.
https://www.bbb.org/us/ca/burbank/profile/crowdfunding/startengine-crowdfunding-inc-1216-651625
It’s absolutely abysmal.
Better Business Bureau membership is strictly voluntarily though and not really a sign of any sort of regulatory compliance.
*Over a sales cycle of a million years
Not sure if it signifies anything fishy, but in the use of proceeds section they talk about platform fees of 3.5%, but then in the StartEngine subscription process the fees are described as “7% to 13%”. The latter seems like boilerplate so it could be StartEngine offers specific fundraisings better terms, but it’s pretty weird anyway.
Also, they’re still pretending the NFT thing wasn’t a Tommy brainfart:
While the financials as a whole seem to paint a picture of a doomed enterprise rather than a deliberate fraud, I find it hard to believe this is anything other than a lie. This is a company desperate for cash, which has been happy to sell customers RFID chips they can’t use. There is no way they wouldn’t have offered NFTs if they had the infrastructure in place.
So the misleading logos are supposed to represent the products the various team members have worked on