Game Discussions Star Citizen Discussion Thread v12

Its a fairly standard solvency statement, a bit like telling the mortgage company youre employed and have no reason to believe you wont be. Doesnt mean Redundancy isnt around the corner, but if you didnt know that you aint breaking the law. Its telling Companies House that youre in good financial state and see no reason you cannot pay your current debts for a year after taking the money out. (12 months)

Taking a million out of company coffers to presumably pay dividends needs that kind of statement or whats to stop someone just paying out dividends to the balance of the bank accts and declaring bankruptcy next day.
 
Its a fairly standard solvency statement, a bit like telling the mortgage company youre employed and have no reason to believe you wont be. Doesnt mean Redundancy isnt around the corner, but if you didnt know that you aint breaking the law. Its telling Companies House that youre in good financial state and see no reason you cannot pay your current debts for a year after taking the money out. (12 months)

Taking a million out of company coffers to presumably pay dividends needs that kind of statement or whats to stop someone just paying out dividends to the balance of the bank accts and declaring bankruptcy next day.
In my country, pre covid, trading while insolvent is a criminal offense for the directors/principles of the company. These rules have been suspended atm and I think that expires in December 2020.
 
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

Heh, as expected.

But love this sort of comment

Gotta remember, the general public hates star citizen.

Ok, let's assume this is actually true. Then it doesn't bode well for CIG assuming they can even release a game.
 
Sounds like they want to both pay shareholders and claim tax credits by showing they are poor.

Shady, but its how the world works.

All it shows is CIG is as shady as any other corporation.
 
Sounds like they want to both pay shareholders and claim tax credits by showing they are poor.

Shady, but its how the world works.

All it shows is CIG is as shady as any other corporation.
I had no problem with this but we are talking here that this people do this with the money from the backers. That’s what’s make me feeling sad for the backers. 2020 nearly zero progress, content and no sq56 but taking £1 millions out for dividends?
 
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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

For a minute I thought it was a short thread, and then I see the page count :D

SC is truly a meta soap drama like Eastenders that never disappoints.
 
I had no problem with this but we are talking here that this people do this with the money from the backers. That’s what’s make me feeling sad for the backers. 2020 nearly zero progress, content and no sq56 but taking £1 millions out for dividends?

Remember, all money pledged goes to development of the game, and in no way are the shareholders and investors lining their pockets. No sireeee!
 

Viajero

Volunteer Moderator
Easy, if I am wealthy how can I be insolvent? 😏

Heh, fair enough. From what I can see (if in fact the cash is used to pay out some director(s)) reducing capital is precisely one of the ways to distribute cash when the company does not have those surplus reserves readily available in the first place through normal operations. Hence the requirement to state they are solvent at least for a year.

It seems to be "just" one million GBP (we can not see the US side of things), but at any rate this has to be obviously good news for the development of the game and a great example to show backers how their pledged money goes directly into the game development :rolleyes: .
 
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I had no problem with this but we are talking here that this people do this with the money from the backers. That’s what’s make me feeling sad for the backers. 2020 nearly zero progress, content and no sq56 but taking £1 millions out for dividends?
So much this. I'd have no problem if it was from real benefits. And of course the faithful will either see no issues or fear their dream is in danger and donate millions more.
 
Heh, fair enough. From what I can see (if in fact the cash is used to pay out some director(s)) reducing capital is precisely one of the ways to distribute cash when the company does not have those surplus reserves readily available in the first place through normal operations. Hence the requirement to state they are solvent at least for a year.

It seems to be "just" one million GBP (we can not see the US side of things), but at any rate this has to be obviously good news for the development of the game and a great example to show backers how their pledged money goes directly into the game development :rolleyes: .

I'm sure one of the faithful who is also a Chief Accountant will be along sooner or later to tell everyone why this is good for Star Citizen
 
Me and my friends have so much fun watching this :D
41hbn6.jpg
 
Easy, if I am wealthy how can I be insolvent? 😏
I've been out of the business since the early 90's, but unless the fundamental definition has changed in a later Consolidation Act, the definition of Insolvency in the 1986 Act was "being unable to pay debts when they fall due". There is very little, if any, grey area in this definition, as there is an instrument that acts as proof of it i.e. an unpaid Statutory Demand served under the Act, which a creditor (alleged or otherwise) is able to do for an amount owed (I think last time I looked) over £600 for corporates and £1,000 or £5,000 for individuals (the difference was to protect the "little man" from legal bullies, whilst making corporates accountable to almost anyone). You also don't need anything more than an unpaid invoice or evidence of unpaid wages etc. to serve a Statutory Demand, as the decision about the debt's validity is taken during the Petition hearing.

Assets owned as an individual or a company are irrelevant i.e. an entity can own £millions in assets, but if they don't pay against the service of a Statutory Demand within 21 days then the creditor (proven or otherwise) is then able to petition the High Court for Bankruptcy or Compulsory Winding Up (there were two halves of the Insolvency Act 1986 dependent on whether the entity is an individual or corporate). Having exercised both of these instruments, in my experience a petition is usually avoided at all costs, because if the court grants the petition (and that is done dependant on the evidence presented at the petition hearing i.e. none of this Small Claims junk), then notices are placed in the London Gazette for "all" to see.

This of course was only relevant for England and Wales, as Scotland has its own laws iirc in this respect (sorry Mole HD).
 
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Gotta remember, the general public hates star citizen.

This is actually a fanatical behavior trait where you acknowledge something as a reality but refuse to accept it because its an opposite to what you think or believe. "Alcohol isnt bad for me, everybody else is just jealous or wants me to stop out of an underlying motive. I m doing the right thing".

Broad dislike and people generally being anti-SC is a fact by now. Throw out "Star Citizen" anywhere and you will get taunts, slurs, strong language and the like immediately. But the understanding of "hate" is wrong or rather I refuse to beleve that same as I refuse to believe that the flat earth is hidden by an international conspiracy which involves millions of organized people and somehow I am one of the few "woke" people who can see through the ruse.

The honest question should be "why do you dislike SC or think its a scam?" but that never comes up except for digging for ammunition because there are explanations and reasons for those statements. But the fanatics dont even want to hear them, somehow knowing full well they are logically sound so they instantly go on the attack to shut up dissent. Whenever you encounter unexplicable rage or dislike/hate over Star Citizen you can be pretty sure its based on encounters with its fanatical community. Where bystanders or even former community backers are burned by agression, vitriol and toxicity so bad that their opinion about Star Citizen (bad) enhances to extreme levels because the impression is automatically paired with negative community interactions. There is no logical explanation why the development of a video game involving private peoples money would summon hate from the broader population. People simply wouldnt care to begin with

A gut feeling or impression doesnt need to be exact or correct. Thats why its a gut feeling or impression in the first place. If the game summons those impressions it might be a good idea to take a closer look at the game rather then dismiss the people in question as "haters" immediately. Billions of people make wrong decisions every single day. You dont want to go down the road to calling everybody else except you "stupid" or "hater" because that will only enforce your own behavior and alienate you from everybody else. Eventually you ll feel all alone or find retreat in echo chambers where the others are clinging to you as some kind of "sane anchor" justifiying your irrational explanation and allowing you to avoid the realize that you are the problem here. Or you end up alone at which point depressions start and its a downhill journey from there.

Star Citizen dissent actually comes from within its own ranks, brought up by people who care or are interested enough to stick around to find answers. Usually the people bringing up objections or finding the words to express concern or a judgement have more then just a basic understanding of the game. They might not be completely informed about everything but that would also border on the fanatical side already where you have "fans" consuming every single parcel, word and article, searching the internet for anything regarding Star Citizen because they are so empatiucally invested that they cant drop it anymore.

This development is already years in the past.

Today Star Citizen is a living meme and known to be a trolling source bar none. If you are bored or feel like ticking off somebody you go to a SC related video or article and just throw out a comment. Its easy, it guarantees results and it provides entertainment to yourself and others 100% of the time. Some people flee further down the rabbit hole and dive deep into theorycrafting and "research" in order to have an answer to any question. This in turn enforces their feeling of superiority because they consider themselves "experts" and immediately dismiss everybody else as "inferior", "clueless" or just a "hater".

When I say "you cant talk to these people" its not a dismissal or an attack but a simple fact. Fanaticism disallows comunication. Because the parties involved have different baselines they interact with each other from.

And this thread is actually a good example as actual communication has ceased a couple years ago. Today its a collection and meeting place for folks to have a laugh, to get their daily drama or entertainment. I am not an exception to this.

I also understand and accept that there will never be a "coming together" on certain things. I love onions. My wife hates them. I have tried to change recipees or ingredients for a time to accomodate her but she never budged so eventually we accepted each others taste as a given and continue on. When I cook I make sure onions dont even come near the meal and when she bakes me a cake for my birthday its an onion cake (has been, not every year...). I have stopped analyzing her for her dislike of onions or trying to "fix" her. "Hating" onions doesnt make her a bad person or "clueless" in regards to food. Its just a fact and thats that.

LittleAnt has confidence and is sure Star Citizen will eventually come out and CIG will deliver its promises. I hold the exact opposite. We question each other and ask for clarifications (tho I got the feeling he has me on ignore :D) but at the end of the day there is zero reason for thinking of him as an "idiot" or calling him "clueless". Sometimes simply stopping to argue can be a good idea because I remember so many quarrels with my wife starting over something small and after an hour the argument has become so heated that I m thinking about storming out of the house and finding another place to sleep. We dont need to convince each other but of course especially in this discussion there sometimes come information to light that question somebodies credibility or honesty in all this. When somebody on a video comment section claims to have 30 years experience in development I dismiss it instantly as a zero credibility claim. It might be true but the probability for that is rather low. When LA makes that claim I perk up and try to find an explanation which involves going over my own narguments in order to figure out which one of us is wrong.

Thats why I consider the forum superior to a spoken discussion. For one people actually can finish a sentence or two without being interrupted. In case you are misunderstood others can go back to what you said and re-read everything. Of course its a double-edged sword because on the same basis people can quote what you said and defeat some of your claims with your own words which is embarassing to say the least :) This makes "forum drive-bys" rather difficult because your snide remarks and superior attitude loses all value because you dont understand the context, dont have peoples backstory and dont understand the "tone" of the thread which has a spirit of its own. You simply provide more entertainment where "you" are the provider and everybody has a good time on your dime. No doubt the people acting all superior come back and read up on everything once they are done with their short-lived appearance. Some people make a living for acting like fools or having the audience laugh about them. But it always hurts if its not an intended effect.

You still have the "storming off" parts only disguised as "have to go do some real stuff" and the like but in the end forum posts take longer and have a more lasting value then mere words.

Usually fanaticism is a well hidden quality because the people in question understand that an open display would start questions and arguments so they stay clear until they think they have the upper hand. Being in a group of like-minded people can do the trick where a random bypasser gets "ganged up on" if he dares to open pandoras box. The internet certainly helps in making these people feel safe and in the majority especially when they enfored their own opinion beforehand by consuming or interacting with likeminded content. Nerds used to stay among each other. Card games, anime, tableboard games or video games. We all probably know about that. I grew up with the stigma of "video games are for kids" and its so special for me to witness the populations acceptance to this hobby of mine today. Not always but for the most part gaming is an accepted activity if it doesnt interfere with your duties and obligations.

The Star Citizen topic is pretty open and doesnt require a lot to get into (the projects survival depends on its accessibility and openess). How credible you want to be depends on your motive and there are certainly "experts" on Star Citizen (I am not one of them) but ridiculing or belittling them is the same as ridiculing or belittling math professors. Its a topic of interest and some people decide to invest more time into it in order to find answers. Doesnt mean I have to respect or even like them. But I can accept their expertise and the fact that they know more about the topic then I do. That or I need to step up my own effort in order to get equal. I can even dismiss them but at that point any future interaction or attempt on my part raises questions about myself.

Make no mistake....I write this wall of text about fanaticism and some people will giggle with glee saying "thats exactly what you are doing right now dawg lol" and I realize that. Which makes me even more conscious of my words, my sources and my reasons to engage in verbal dispute. Because its easy to lose yourself in an argument and continue "just because" you want to win. At which point the motive has lost all value and even if you win its going to be a hollow victory. If you are not going to "cheat" and stick to the truth you might even have to face your own mistake and accept a change of opinion. How thats going to happen or if its even possible relies in big parts on the interaction you have with people you argue with. You might not like your teacher being right and you being wrong but you ll have an easier time accepting this "defeat" when its happening in a calm and supportive manner. If its just an open display of mockery and embarassment chances are you will double down and refuse to accept something even if you know ifs true. To "save face" or "keep your head up".

Now think about the average Star Citizen interaction when SC is the topic......

....exactly why the fronts are so hardened.
 
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