Game Discussions Star Citizen Discussion Thread v12
- Thread starter Yaffle
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I'm no pro! But my understanding is:
- They haven't mentioned this buyback option until now as a liability, and they should have.
- The new auditors are not satisfied with CIG's explanations and/or have not been given full access to all the info (IE the actual contract between the investors and CIG etc). As such they've given CIG a black mark on their financials.
- In Q1 2025 the main investors could decide to pull out all of their cash, plus profit, regardless of whether CIG have it on the books or not.
Yep true.
(He also wouldn't have enough on the books to pay them back all that they're owed though. So in the nuclear scenario, he might find some angry investors banging on his rather fancy mansion door
)
But we still don't know if the Calders will actually pull that lever. (There are some signs that CIG are worried about cash though. Fairly frenetic sales, downsizing in the US branches etc. If those signal keep coming it does make it feel like CIG could be prepping for a storm...)
Could make for an interesting year ¯\(ツ)/¯
(He also wouldn't have enough on the books to pay them back all that they're owed though. So in the nuclear scenario, he might find some angry investors banging on his rather fancy mansion door
)But we still don't know if the Calders will actually pull that lever. (There are some signs that CIG are worried about cash though. Fairly frenetic sales, downsizing in the US branches etc. If those signal keep coming it does make it feel like CIG could be prepping for a storm...)
Could make for an interesting year ¯\(ツ)/¯
That's how I understand it. #3 is not clear because we don't know all the details, but we can regard this as a plausible and possible scenario. They do want to get their return at some point and every year ticking by is the likelihood of that increasing.
To clarify "mentioning the buyback" is "recording a liability in the balance sheet", the crucial point where the auditors disagree.
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In all my time scouring balance sheets and looking at P/L statements analysing public companies I only saw few occasions where the auditors had something damning to say. In my experience you rather talk it out with the auditor, present maybe evidence for a different "interpretation" or amend the balance. Getting a weak audit statement isn't good news, it's a major downgrade in the future expectations.
In honour of Grumpy leaving SC / gaming drama for the 50th time, I just wanna slap his intro song up again. Because it's ace
Source: https://www.youtube.com/watch?v=hqf7jteNupQ
Probably one of the better influencer creations out there.In honour of Grumpy leaving SC / gaming drama for the 50th time, I just wanna slap his intro song up again. Because it's ace
Source: https://www.youtube.com/watch?v=hqf7jteNupQ
Yep true.
(He also wouldn't have enough on the books to pay them back all that they're owed though. So in the nuclear scenario, he might find some angry investors banging on his rather fancy mansion door
But we still don't know if the Calders will actually pull that lever. (There are some signs that CIG are worried about cash though. Fairly frenetic sales, downsizing in the US branches etc. If those signal keep coming it does make it feel like CIG could be prepping for a storm...)
Could make for an interesting year ¯\(ツ)/¯
IIRC, someone did some snooping and discovered the house was in a trust fund. Which means it can't be used to get the money back. There's also some rules about how you can't take a person's only home no matter how much money they owe you.
Yeah that was the marvellous Forbes delving.
But a media mogul angered may still try and tear off strips where they can. And it's not like the trustee, Sandi, is entirely divorced from the project etc. Given she's down as 'co founder', Vice President of Marketing for a prolonged period, and current board member etc.
Well, if the house isn't his how would they take it away from a 3rd completely uninvolved party? That'd be cruel and illegal. And he's guaranteed figured out what countries don't have extradition agreement with the US. Maybe some crown dominion? He 's gotta be careful not to set up the British tax authority though. Might incur another unforeseen liability on his dirty balance sheets.
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What if SC (CIG) releases Squadron 42 in 2024 or 2025 and it sells enough copies so that they can pay the investors? I guess that's their plan.
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Been waiting for that release since 2016/17, so that's a big IF.
Roughly 2.5M copies then... I'm sure faithful are ready to buy the Mess multiple times
No way the general public will exhibit the same idiocy as the gullibers. People won't pay 40 bucks for an overrated, overhyped piece of crap that took 10 years to make and still is bugged like hell.
And I've looked at it from different sides. The Calder pull 100 million. The item price is 20 bucks. They'd have to sell millions of new copies of a ten year old trainwreck. It's kinda like watching Lynch's Dune back to back to Villeneuve's. Just Lynch's Dune was actually a piece of art - not a piece of junk like Kermit Roberts opus.
Well there is a chance that SQ42 is a good or great game after a decade of development. So 2-3 million units sold is not unrealistic. However, many SC players could stop backing SC (the MMO) if SQ42 is all they really wanted.
It does seem like one scenario yeah. CIG rushing (lol) to launch because they fear the Calders are gonna pull the trigger in Q1.
If that is the plan, it seems to be a plan with some flaws
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