Game Discussions Star Citizen Discussion Thread v12

VR Golgot

VR Golgot
HansAcker said:
What else would be there for them to take? CIG doesn't own much worth selling apart from a library of unfinished 3D assets, do they?
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Infatrade coulda snagged their piddly slice of the pie easily enough I'd imagine. CIG do have a war chest on the go.

It's the Calders who could end Roberts' Roman empire if they felt like it ;)

(There's a universe in which bad men accidentally do good things, and we see the Calders chasing CR across a legal landscape to get that extra yacht money off him. But I don't know if we live in that particular dimension ;))

Navigare Necesse Est said:
So roughly 360 day tops.
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360 days of CIG sweating on whether that gun'll get fired maybe ;)

If they put the Bengal up for sale we'll know for sure :oops:

(But meh, Chris could always convince some other media moguls to go all angel investor. Success is twinkling on the horizon after all!)
 

Fizzatron

Fizzatron
VR Golgot said:
(But meh, Chris could always convince some other media moguls to go all angel investor. Success is twinkling on the horizon after all!)
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Don't know about that, last year CIG touted big names investing in the game, not sure what came of it? Given the sense of urgency and actions that could plausibly be described as panic, it could indicate the answer to the call for investment being an indefinite "hold the line"..
 

VR Golgot

VR Golgot
Viajero said:
I mean, unless you mean something different, that came directly from CIG admitting precisely that in Note 28.
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Note 28 doesn't seem to talk about any distinct entities. It just talks about 'the holders' of the summed 1,877,400 shares.

(Personally I assumed initially that it was all one entity, IE the Calders. So 2024 would have been their first chance buyback a few shares, and 2028 would have unlocked the whole spread. But GuardFreq's take of 2024 being a minor entity alone makes plenty of sense ¯\(ツ)/¯. And that would make 2025 the first buyout window for the Calders, and the 2028 window one where both entities combined got another bit at that cherry).

Dunno, I could well be misunderstanding it all though 😁
 

Viajero

Volunteer Moderator
Viajero
VR Golgot said:
Note 28 doesn't seem to talk about any distinct entities. It just talks about 'the holders' of the summed 1,877,400 shares.

(Personally I assumed initially that it was all one entity, IE the Calders. So 2024 would have been their first chance buyback a few shares, and 2028 would have unlocked the whole spread. But GuardFreq's take of 2024 being a minor entity alone makes plenty of sense ¯\(ツ)/¯. And that would make 2025 the first buyout window for the Calders, and the 2028 window one where both entities combined got another bit at that cherry).

Dunno, I could well be misunderstanding it all though 😁
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For sure, but as far as we know, and CIG has stated, the largest chunk by far of the minority investors happens to be the Calders. And very specific numbers of shares are stated in Note 28. Not sure there is much conflict or guesswork there about which shares are involved primarily in the 2025 and 2028 pay out windows. It is indeed the Calders.
 

VR Golgot

VR Golgot
Fizzatron said:
Don't know about that, last year CIG touted big names investing in the game, not sure what came of it? Given the sense of urgency and actions that could plausibly be described as panic, it could indicate the answer to the call for investment being an indefinite "hold the line"..
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I don't remember them talking up further investment recently. (Do you remember where you saw that?)

But yeah, I'd imagine now ain't the best time to be looking for VC in the gaming world!
 
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VR Golgot

VR Golgot
Ok, actually found a half decent share-listing.

TLDR: The Q1 2024 buyout that was apparently waived was definitely for Infatrade's shares. (CIG's old bridge-loan movie buddies). GuardFreq mispoke on the name.

The Q1 2025 buyout is for Indus & Erloch combined. (Presumably both Calders? Indus certainly is.)

VR Golgot said:
Here are how the shares stood after some 2020 games:

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19 Oct 2020 - Confirmation statement made on 24 September 2020 with updates

Add the bonus 0 that CIG added in 2022, and you get:

Infatrade (Eri Klein): 277,500 [The Q1 2024 option]

Indus (Calders): 1,563,900
Erloch (Calders?): 36,000
Combined: 1,599,900 [The Q1 2025 option]

And both together get another option to buyback in Q1 2028.

So GuardFreq's lawyer mispoke when he said Erloch. But he was on the money with everything else.

And that's intriguing... :)
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So now I really want to know what CR gave his old Hollywood accounting buddies to keep them from cashing out ;)

And just where this moral maze is going to end :unsure:
 
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VR Golgot

VR Golgot
Yeah likely something like that. (Beyond them both being Caymen outfits, and both having bought shares in the company at the same time [rather than existing shares from board members etc like Infatrade], we'll probably never know much more though...)

The main thing is that the Calders def have an option to be all out from Jan 1st if they so chose. That's for certain.
 

sovapid

sovapid
i am thoroughly enjoying the overdrive event. and cig getting people playing together.

played with another random who was actually decent. and strangely enough the ai was in assassin mode and not just standing around like a bunch of muppets. got me to stay one for 4 missions on an alt. last outpost was camped by a player hammerhead. lol. kudos the dedication. unfortunately i have not been playing enough and dont really know how to take on a hammerhead anymore.

bought a new ship for the first time in years.
 
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