Want to have Cutter AND Corvette?why do this?
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Want to have Cutter AND Corvette?why do this?
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Yeah that's a succinct summary of what we chatted about when i got similar numbers.
I also estimate that 2023 was a substantial loss for CIG (due to greatly increased costs), i'm guessing a deficit somewhere like $15m-$20m. Which would put CIG's bank balance at an estimated $45m, less than a third of what Calders are owed.
Now if we assume that $45m balance estimate is correct, and also assume 2024 results in a break-even year, and also also assume Sq404 is "ready" for an early 2025 release...
Will the Calders want CIG to risk most/all of that $45m on marketing Sq404, in the hope of selling roughly 3m+ copies to get the $150m revenue (approx $50 per copy, after taxes) necessary for their investment returns? Is that marketing budget enough to sell that many copies? Would a smaller, minimum marketing campaign be more efficient and/or prudent, to sell enough copies?
Edit: corrected my broken maths.
I would pay to see that!Or whether it will be a combination of Wing Commander the Movie and Dragon's Lair.
I would pay to see that!
Exactly. But the credits I pumped into getting to that didn't cost anything more than the base game price in real money, and I actually enjoy playing a real game that I did spend my real money on in the first instance.why do this?
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What about Monkey Joe and the 11 Emerald Parrots?why do this?
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Someone on YT comments challenged me over a claim that even in SC releases its going to be an unfinished unpolished mess, saying we can't know that.
I mean, how do you even respond to that except vaguely gesturing at the entire development of the game?
Someone on YT comments challenged me over a claim that even in SC releases its going to be an unfinished unpolished mess, saying we can't know that.
I mean, how do you even respond to that except vaguely gesturing at the entire development of the game?
Rich Tyrer already said that it's going to release unfinished.
I do want SQ42 to release, just to see if after all these years of tweaking the mess hall scene and endless mocap reshoots, whether CIG are actually capable of making a good game. Or whether it will be a combination of Wing Commander the Movie and Dragon's Lair.
I would pay to see that!
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Ryan Reynolds Says Netflix Is Taking a Big Swing With 'Dragon's Lair' Live-Action Adaptation [Exclusive]
"It really intersects in a unique way with technology that I've never been privy to in the entertainment industry."collider.com
Still a live project afaik.
You'd deny yourself the chance of seeing Ryan Reynolds play Dirk? That has win written all over it! And Anja Taylor-Joy would be an excellent Daphne.Surely they could just take a stream of someone playing the game and then use AI to replace it with realistic looking scenery and characters....oh lol I nearly choked myself laughing writing that!
GuardFrequency's take on the 2022 financials:
Source: https://www.twitch.tv/videos/2092126364?t=00h56m00s
Tony the lawyer says:
- The agreement with the Calders is so weird CIG refused to show it to the new accountants (PwC)
- PwC are saying they can't verify Note 28 at all. The numbers, anything.
- If a public company tried to do that the SEC would be crawling all over them. There would be shareholder lawsuits and everything would come crashing down.
- Says he went digging. And that a prior investor (not the Calders) [Erloch Ltd] had a full buyback + 6% option for Jan-March 2024. Which he sees more as a loan than an investment. But doesn't allow for claims on assets / foreclosing etc.
- Tony suspects the contract wasn't shown because it either allows them to convert their equity into a debt, or to replace board members (who could then vote to make that happen).
- 2025 sees the Calders turn come up. Plus they get a piece of the last 3yrs revenue too. To the tune of around £52mil, from just the CIG UK branch. Likely mirrored on the US one. More than $100mil could be owed from Jan 1st 2025 etc.
- Suspects the filings were late because CIG were getting a waiver from the first investment group - Erloch Ltd (Ortwin's film buddies). So they could show the accountants that 2024 wasn't a problem. And 2025 is next year, so 'not relevant' currently...
- Isn't surprised at the scenario they've got themselves into. Is surprised they're playing 'hide the ball' with their own accountants.
- Accountant's qualification is basically saying 'we have no idea if they're telling the truth or not' on the projected repayment numbers in Note 28 etc. (Maybe the repayment numbers were added to stop the qualified opinion from being even worse).
- Big question mark over why the prior accountants didn't spot any of this for years.
- The takeaway is that: The Calders have a $100m+ gun to CIG's head, and they can pull the trigger on Jan 1st. And we only just heard about it.
- There's no reason to hide this from the accountants unless the assumptions (returns can only be taken from profit, no changes to the board, no existential threat), or the numbers, are wrong. IE either lying by omission or commission.
- Other negatives touched on briefly: A historical error in the filings. Not possible to see how they're moving money between the entities any more.
It makes total sense that the smaller 2024 put is for one of the smaller companies which initially bought in. (Perhaps he means Infatrade rather than Erloch though? Eli Klein, who represented them on the board, was an old friend of Chris & Ortwin, and was seen as a broker for the deal at the time I believe.)