Game Discussions Star Citizen Discussion Thread v12

Navigare Necesse Est

Navigare Necesse Est
LittleAnt said:
The headquarter and the city of the Hurston family in which you will find a lot of infos about them and the way they handle their workers without reading a single line of text : Environmental story-telling.
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World building. Nothing to be spoiled there. Instead you gain immersion into the game world. Stories have a plot. Not just descriptions.
 

Agony_Aunt

Agony_Aunt
nu0sU12X7g28QOGRNqkhs_CgbNXq7vAXfp2hPvr4GEI.png


Anyone remember when backers said CIG were going to release a finished game, not a half finished buggy mess like a certain other game?

Pepperidge Farm remembers.
 

Intrepid3D

Intrepid3D
NPC mission givers.

Clovus Darneely
Constantine Hurston
Miles Eckhart
Wallace Klim
Tecia Pacheco
Eddie Parr
Ruto
Luca Brunt

If you're looking for story gameplay loops go to them.
 

cigwatch

cigwatch
LittleAnt said:
In fact, the vast majority of the effects you see in those videos can be seen already in the actual SC.
Those I haven't seen in SC are the lightning, some big smoke columns, asteroids on fire and some smoke flowing movements.
Lightning have been showed often in ISC. Asteroïds are not difficult to do. It only left the 2 particular smoke effects that can't be certified.
We even have some effects better in SC now (entry effect).
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This is not what I was talking about. In-engine is not in-game for different reasons, not because one or another effect cannot be used in both scenarios. The most important difference - in-engine does not mean "real time".

Additionally, only a professional eye will recognise all the effects used in an in-engine rendering, so you really have no way of saying anything about a "vast majority" of them, unless you are a professional. The video may as well contain dozens of subtle, computationally intensive effects that are not renderable in real time at all, at least not on commodity hardware.

An in-engine rendering can never be assumed to represent anything in a game. Especially if nobody has seen the game so far.
 

VR Golgot

VR Golgot
Thought I'd do a little digging on a few current theories:


Would We Notice If A Load of Shares Changed Hands?

TLDR:

Not for ages. (If the sales didn't alter Chris's share percentage significantly)

Case Study - The Calders Investment:
  • Share sale took place: 23/05/18
  • Declared on Companies House: 11/12/2018 (6 months+ later)
  • Publicly announced: 21/12/18 (6 months+ later)


Has Chris Been Deposed as 'Person of Significant Control'?:

TLDR:

Probably not. He likely still holds over 50% of the shares.

Case Study:
  • When the Turbulent guys got their shares Chris was knocked down slightly from holding 75% of shares (835,402 of 1,113,861) to 74.8% (835,402 shares of 1,116,201).
  • Companies Houses requires such a change to be documented within 28 days for a 'Person of Significant Control'.
  • CIG actually complied. IE:

It's worth noting that Cloud Imperium don't always comply with CH's toothless requirements. They normally file their financials late for a start. It's possible they might do the same with any change in control if they didn't want it public. But in theory they should declare any such change within a month.

---

TLDR: Shenanigans possible. But Chris's fall from grace not in evidence.
 

Agony_Aunt

Agony_Aunt
VR Golgot said:
Thought I'd do a little digging on a few current theories:


Would We Notice If A Load of Shares Changed Hands?

TLDR:

Not for ages. (If the sales didn't alter Chris's share percentage significantly)

Case Study - The Calders Investment:
  • Share sale took place: 23/05/18
  • Declared on Companies House: 11/12/2018 (6 months+ later)
  • Publicly announced: 21/12/18 (6 months+ later)


Has Chris Been Deposed as 'Person of Significant Control'?:

TLDR:

Probably not. He likely still holds over 50% of the shares.

Case Study:
  • When the Turbulent guys got their shares Chris was knocked down slightly from holding 75% of shares (835,402 of 1,113,861) to 74.8% (835,402 shares of 1,116,201).
  • Companies Houses requires such a change to be documented within 28 days for a 'Person of Significant Control'.
  • CIG actually complied. IE:

It's worth noting that Cloud Imperium don't always comply with CH's toothless requirements. They normally file their financials late for a start. It's possible they might do the same with any change in control if they didn't want it public. But in theory they should declare any such change within a month.

---

TLDR: Shenanigans possible. But Chris's fall from grace not in evidence.
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I thought the 10% (14%) Calder's bought was direct from Chris' share. They didn't dilute the shares AFAIK. Or did each existing board member provide a cut?
 

Agony_Aunt

Agony_Aunt
Intrepid3D said:
This looks a bit like Daymar, but i don't think it is?

robertsspaceindustries.com

CitizenCon 2954 - Roberts Space Industries | Follow the development of Star Citizen and Squadron 42

Roberts Space Industries is the official go-to website for all news about Star Citizen and Squadron 42. It also hosts the online store for game items and merch, as well as all the community tools used by our fans.
robertsspaceindustries.com
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Oooh, the annual whaling event!

Taking bets for what they are going to sell to citizens this year (that won't be delivered any time in the coming years)!

Hot contenders:

Private habs in major ports! Don't be a peon and settle for a basic hab. You want the penthouse suite! Only $1000!
Submersible craft! (punches above its displacement!)
Prefab buildings for when base building is in! Build a hospital! A school! A TV station! All yours for a low low price of $5000 (Warbond only).

Edit: Oh, look, they are teasing a second system again

https://robertsspaceindustries.com/...orum/1/thread/citizencon-2951-save-the-date-1
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I wonder if this time will be different from the previous times they have teased travel to a different system. When was the first time they did that? 2016?

Bets are on for them saying Pyro coming soon, only for a month or two later to cite unforeseen technical challenges meaning they can't add it. What a pity, we were so close, maybe after the new year sale.

Oh my....

Hour long Quanta presentation from Tony please
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They really are masochists.
 
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Mole HD

Mole HD
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VR Golgot

VR Golgot
Agony_Aunt said:
I thought the 10% (14%) Calder's bought was direct from Chris' share. They didn't dilute the shares AFAIK. Or did each existing board member provide a cut?
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The original 10% was a mix. Mainly new share issues, with a slice of shares sold for personal profit too:

Harbinger said:
The 113,861 brand new shares raised £17,037,021 ($22,725,884.70) in cash for the company, Indus Management Ltd got a 10% stake, Erloch Ltd got a 0.22% stake, likely as a finders fee.

In addition to this the 3 directors sold off a quantity of their own personal stock holdings amounting to a further 1.66% in equity going Infatrade, a company that helped with the financing of Lucky Number Slevin which Ascendant Pictures (Chris' former production company) produced. This raised an additional £2,768,155 (£3,692,474.75) for the directors, not the company. If the money was intended to go to the company they would have just conjured up new shares in addition to the 113,861 they created on the same day. The directors would have received:

Ortwin: £389,187.63 ($519,141.99)
Chris: £2,184,298.74 ($2,913,661.96)
Erin: £194,668.63 ($259,670.79)

NOTE: USD amounts are based upon the mid-market rates listed on xe.com for May 23rd 2018 (1.3339118457), the date the transactions occurred.
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I believe the follow up 5% a year later, as with the smaller Turbulent share swap, was a share issue alone. (Diluting Chris down a touch more in that case to 835,402 shares of 1,171,580 = 71.3%).

---

The most interesting recent share game for potential personal profit was the $1M of Calder cash they seemingly moved out of the company:

SA's accountant snake said:
So what they have in fact done, is moved £1m from the share premium account to a new special reserve, reducing the £23.7m to £22.7m in the share premium account.

Since the company is technically insolvent, there are restrictions on what they can do with cash they have, which they only have via the share premium account. Namely pay dividends.

Goodman Jones said:
A common frustration
A number of our private international clients – including Russian, Italian, Spanish and US companies – have seen real benefit from this change in Company Law.

We recently worked with a Russian group that owns a UK company with valuable intellectual property rights. The UK subsidiary did not have reserves large enough to pay dividends, but it held a fair amount of cash that it wished to distribute back to the parent. It also had a large share premium reserve. The group assumed it would be difficult to declare a dividend – as it would be in Russia. Specifically, they expected to be involved in a difficult and lengthy process involving large legal fees. Yet the directors were surprised by how easy and quick it was to create distributable reserves from their current structure and declare a dividend back to the parent company.

Another of our clients, an Italian fashion chain with a UK subsidiary, was historically loss-making because of its expensive location. The subsidiary had then started making profits, but again had insufficient reserves to declare a dividend. We advised the group to undertake a capital reduction in order to convert the share premium reserve into a distributable reserves. Although, they were aware that this could be done, they were concerned about the cost and the time commitment. They were staggered by the ease with which the process was completed.
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The only logical reason to do this is if you want to take £1m out of the technically insolvent company that is only propped up by a recent infusion of capital. Very odd. If they do declare a dividend, it won't be public until December of the year after when the accounts are filed. Such a small amount though, perhaps they will repeat this process in future.
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