Game Discussions Star Citizen Discussion Thread v12

Could I have a fresh persistent hangar please?
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I dropped a few ship modules in the hangar, logged out and back in and then these things blocked my freight elevator :)
They look like the Retaliator torpedo modules I had in my PTU inventory for no good reasons.

3.24 PTU is now open to the cheapskates.
 
CIG = CIoud Imperium Greed lol.

The " almost all the money gets spent on development" is misleading, because Chris Roberts and top staff get overpaid for the subpar mismanagement of SC. Chris Roberts, Erin Roberts, Sandi Roberts, Ortwin Freyermuth and co. are co-owners of the video game company Cloud Imperium Games. Their shares are worth millions of dollars until too many people lose faith and development implodes. Before that happens, CR and co would sell their shares. So when Chris Roberts announces that he will step back or leave the project, that is when things get really bad.

 
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CIG = CIoud Imperium Greed lol.

The " almost all the money gets spent on development" is misleading, because Chris Roberts and top staff get overpaid for the subpar mismanagement of SC. Chris Roberts, Erin Roberts, Sandi Roberts, Ortwin Freyermuth and co. are co-owners of the video game company Cloud Imperium Games. Their shares are worth millions of dollars until too many people lose faith and development implodes. Before that happens, CR and co would sell their shares. So when Chris Roberts announces that he will step back or leave the project, that is when things get really bad.

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LOL
in the comment section
"Let's start a kickstarter to buy the code and then develop it as open-source."
Wow, want to give CIG more money for the codes they wasted $700mil on?



Imagine that video back in 2016. The comment section would have been so much different.
I'm guessing with Star Citizen less is more, the more people see of reality the less faith they have.
 
CIG = CIoud Imperium Greed lol.

The " almost all the money gets spent on development" is misleading, because Chris Roberts and top staff get overpaid for the subpar mismanagement of SC. Chris Roberts, Erin Roberts, Sandi Roberts, Ortwin Freyermuth and co. are co-owners of the video game company Cloud Imperium Games. Their shares are worth millions of dollars until too many people lose faith and development implodes. Before that happens, CR and co would sell their shares. So when Chris Roberts announces that he will step back or leave the project, that is when things get really bad.


Why the future tense? The Roberts Clan has already sold part of their shares at least twice. Only part of Calders’ $60 million was new shares, if the legally mandated information we got from the UK shell company was reflective of CIG as a whole.
 

Viajero

Volunteer Moderator
Their shares are worth millions of dollars until too many people lose faith and development implodes. Before that happens, CR and co would sell their shares. So when Chris Roberts announces that he will step back or leave the project, that is when things get really bad.

Why the future tense? The Roberts Clan has already sold part of their shares at least twice. Only part of Calders’ $60 million was new shares, if the legally mandated information we got from the UK shell company was reflective of CIG as a whole.

Just a quick addition/clarification there. CIG "shares" are not traded publicly in any stock market like FDEV shares or Microsoft shares etc. And the CIG "shares" price is set arbirarily by CIG, not by market supply and demand.

As such, Chris Roberts can not easily sell his "shares" like we usually see in stock markets (same goes for the Calders shares actually). The only option he has used so far, is to sell his personal "shares" to CIG itself (which is exactly how the Calders put option works). Since he happens to also be CIG´s boss he can easily accept to purchase his own "shares" at whatever price he chooses. The money for this transaction comes directly from jpg sales obviously, so this in essence is Chris Roberts simply grabbing more players money for himself at will, over and beyond his already very large remuneration package.

If he wanted to sell his shares outside CIG he would need to hunt for a specific buyer or buyers and negotiate a price with them. Which is a much more cumbersome and challenging process, than just selling shares openly in the stock market.
 
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Just a quick addition/clarification there. CIG "shares" are not traded publicly in any stock market like FDEV shares or Microsoft shares etc. And the CIG "shares" price is set arbirarily by CIG, not by market supply and demand.

As such, Chris Roberts can not easily sell his "shares" like we usually see in stock markets. The only option he has used so far, is to sell his personal "shares" to CIG itself. Since he happens to also be CIG´s boss he can easily accept to purchase his own "shares" at whatever price he chooses. The money for this transaction comes directly from jpg sales obviously, so this in essence is Chris Roberts simply grabbing more players money for himself at will, over and beyond his already very large remuneration package.

If he wanted to sell his shares outside CIG he would need to hunt for a specific buyer or buyers and negotiate a price with them. Which is a much more cumbersome and challenging process, than just selling shares openly in the stock market.

New idea: Chris sells shares in CIG on the store! Now's your chance to become part of this amazing company that is developing never before done technology!

I can imagine whales falling over themselves to buy up all the shares, and in the end, Chris fully divests himself and rides off into the sunset leaving the suckers... erm, backers, holding the bag.
 

Viajero

Volunteer Moderator
New idea: Chris sells shares in CIG on the store! Now's your chance to become part of this amazing company that is developing never before done technology!

I can imagine whales falling over themselves to buy up all the shares, and in the end, Chris fully divests himself and rides off into the sunset leaving the suckers... erm, backers, holding the bag.
Lol, yeah, although Chris would have first to sell his own personal shares to CIG (for CIG to be able then to put those up for sale at the store), and we would eventually see that at least in the UK accounts I suspect.

I can not even dare to imagine what would the terms and conditions be for that kind of sale 😂
 
Lol, yeah, although Chris would have first to sell his own personal shares to CIG (for CIG to be able then to put those up for sale at the store), and we would eventually see that at least in the UK accounts I suspect.

Only if he sold his shares in the UK shell company. The other two dozen shell companies and the parent company are as clear as mud, and thus available to all kinds of crazy Hollywood Accounting shenanigans.

I can not even dare to imagine what would the terms and conditions be for that kind of sale 😂

I tried to imagine, and all I got was error code 707…
 
Lol, yeah, although Chris would have first to sell his own personal shares to CIG (for CIG to be able then to put those up for sale at the store), and we would eventually see that at least in the UK accounts I suspect.

I can not even dare to imagine what would the terms and conditions be for that kind of sale 😂

No! Better idea!

Chris, Sandi, Ortwin, and Erin all sell their own shares at different tiers!

An Ortwin share comes with a small amount of UEC as well and is a Bronze level share.

An Erin share comes with $10 of store credit and is a Silver level share.

A Sandi share comes with exclusive access to the "Pusher" skin for your character and is a Gold level share.

Chris shares have to bought in bulk of 1000 and come with a "Free" completionist pack, and is a Platinum level share.
 
Just a quick addition/clarification there. CIG "shares" are not traded publicly in any stock market like FDEV shares or Microsoft shares etc. And the CIG "shares" price is set arbirarily by CIG, not by market supply and demand.

As such, Chris Roberts can not easily sell his "shares" like we usually see in stock markets (same goes for the Calders shares actually). The only option he has used so far, is to sell his personal "shares" to CIG itself (which is exactly how the Calders put option works). Since he happens to also be CIG´s boss he can easily accept to purchase his own "shares" at whatever price he chooses. The money for this transaction comes directly from jpg sales obviously, so this in essence is Chris Roberts simply grabbing more players money for himself at will, over and beyond his already very large remuneration package.

If he wanted to sell his shares outside CIG he would need to hunt for a specific buyer or buyers and negotiate a price with them. Which is a much more cumbersome and challenging process, than just selling shares openly in the stock market.
What's stopping CIG from selling the IP and shared to Chris Roberts for $1, only for him to sell it right back ti CIG for $1mil? Rinse and repeat for how ever long they can continue to pull it off.

New idea: Chris sells shares in CIG on the store! Now's your chance to become part of this amazing company that is developing never before done technology!

I can imagine whales falling over themselves to buy up all the shares, and in the end, Chris fully divests himself and rides off into the sunset leaving the suckers... erm, backers, holding the bag.
Feels like a builder building a house based off a suggestion, and then buying the same house he built from the person with the idea.
 
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Viajero

Volunteer Moderator
What's stopping CIG from selling the IP and shared to Chris Roberts for $1, only for him to sell it right back ti CIG for $1mil? Rinse and repeat for how ever long they can continue to pull it off.
In theory? Nothing.

In practice he has co shareholders (Erin, Ortwin etc), plus the Calders that are expecting a hefty return on their investment, that may all take a wee exception to CR grabbing all the cash for himself 😋
 
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