SC fans being sponsored by EA to play Squadrons
Game Discussions Star Citizen Discussion Thread v12
- Thread starter Yaffle
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Given the vaporous nature of SC, you don't really need a knife to do that. Any old plank or blunt instrument can be inserted and rotated pretty freely.Geez, EA is really twisting the knife into SC
As a fellow web dev, yes, pls.
Being so vaporous, though, most weapons won’t hurt it. You need silvered and/or magical weapons. Not cold iron, though. Completely wrong creature type.
Someone cast Time Stop on development. We'll need True Sight to see the roadmap, and if he doesn't pass the charisma roll, Imprisonment possibly looms in the future.
I cast Chris' Marvelous Wavy Hands
And so you should be
In my defense I did write "don't click me" on the spoiler.And so you should be
Over on the Steam forums, someone tries telling Star Wars Squadrons 42 players "just play star citizen if you want space combat" and it goes as well as expected
steamcommunity.com
STAR WARS™: Squadrons General Discussions :: Steam Community
STAR WARS™: Squadrons - Master the art of starfighter combat in the authentic piloting experience STAR WARS™: Squadrons. Buckle up and feel the adrenaline of first-person, multiplayer space dogfights alongside your squadron. Pilots who enlist will step into the cockpits of starfighters from both...
Guard Frequency Podcast - GuardFreq on Twitch
GuardFreq went live on Twitch. Catch up on their Talk Shows & Podcasts VOD now.
m.twitch.tv
At 44 minutes if the link does not work.
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Guard Frequency Podcast - GuardFreq on Twitch
GuardFreq went live on Twitch. Catch up on their Talk Shows & Podcasts VOD now.
At 44 minutes if the link do not work.
So the short take is:
£1mil went out of the share account:
- It went to the directors (Chris, Erin, Ortwin, Sandi, Klein [the seeming broker of the Calders deal] & Nitsche [the Calders rep, who replaced Dan Offner in May 2019]).
- Cloud Imperium UK LTD would only use this technique for providing a dividend + present a solvency statement if they were running at a loss.
There's other interesting stuff and speculation in there. Like the US company could be doing fine, and dumping its debt on the UK side to get the best out of the tax credits or whatever.
But the short story does look 'a bit scummy' as one of them put it.
Running at a loss. Taking money out.
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As far as anyone has been able to tell, that's been pretty much constant for the last 3–4 years. The difference this time is that the loss couldn't be absorbed by available cash or new investment capital, so they had to use this strategy to not become insolvent.
Running at a loss for sure. But any tells of personal dividends are always interesting
. Only other stuff I’m vaguely aware of is speculative early days stuff like this. And Chris getting at least $2.95m during the Calders buy-in for personal share sales to Indus (but most likely more like $6m if the known UK stuff was mirrored on the US side, as with other aspects).
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Viajero
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Not sure what you mean exactly. How does distributing cash among directors help not becoming insolvent?
You'll have to ask an actual accountant for the full logic behind it, but it's not a matter of cause and effect from what I understand it. Rather, it's that, by using the solvency statement, you're promising that you won't run out of cash in the next 12 months and therefore there is no hindrance for paying out dividends — no other creditors would be barred from getting what they're owed just because dividends are paid.
So it's more “if we say we're worth this much, we're not insolvent, and therefore we can hand out cash”. Or something.
www.weightmans.com
So it's more “if we say we're worth this much, we're not insolvent, and therefore we can hand out cash”. Or something.
The solvency statement: reducing share capital
We are seeing an increasing trend of companies seeking to reduce share capital using the solvency statement procedure introduced by the Companies Act 2006.
www.weightmans.com
We should really Summon Yaffle on this one.