The Star Citizen Thread V10

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Given the date of the appointment it rather looks like one of the new shareholders (most likely Infatrade) sent a representative.

Dan Offner's appointment to the board was the same day as the share trade.

See last 2 filings: https://beta.companieshouse.gov.uk/company/08815227/filing-history

EDIT: So I'd assume that he's the new 10% owner. Also I have no idea who gets the money from the shares (other directors or CIG itself).

EDIT 2: "New" as in since the end of March. Yadda yadda.
 
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So why is he needed now?

Legally in the UK, certain types of companies require a minimum of 1 or 2 directors, but can have many more. These are not to be confused with other managers in the company, although you can be both a manager and a director, that would make you an executive director. Non executive directors are still paid but will be paid less than executive directors and in many cases only work 1-5 days a month.
It is a good idea to have at least one director with a legal background and one with a financial background. Their job is too make sure that legal obligations are met. It is difficult to say exactly why they brought him on board,
It is not unusual and not something that would be accompanied by a media event to announce it, In fact most employees have no idea who their company directors are.

Looking at the link in DLewths post above, an interesting thing is the accounts for last year, It gives gross costs, income and profit Plus many details including the cost of directors and there statutory pension requirements. ( I think that relates to the new compulsory pension in the UK)


If you want to see their wage bill, some details of the Loan, take alook.


Is anybody here an accountant and can take a look at it?
 
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Impressive resume, holy mackerel, Batman. That's top of the crop.
I find it more interesting that it was around March (roughly, it's hard to estimate exactly here, but certainly the first half of this year) when the development seemed to start to "speed up" relatively compared to the stalling that was here before. Maybe someone wants to see results? Or even better yet, someone is producing these results instead of CRoberts?
 

Deleted member 110222

D
That's some quality thinking right there. :)

I got excited by a fluke. I'm still a young man, so it's quite a common occurrence.

Fortunately, I do retain just enough sense to research before buying.

I wasn't initially aware that F2P weekends were even a thing. That explains my first postings here.

Now I know they are a thing, I can happily change my approach.
 
Legally in the UK, certain types of companies require a minimum of 1 or 2 directors, but can have many more. These are not to be confused with other managers in the company, although you can be both a manager and a director, that would make you an executive director. Non executive directors are still paid but will be paid less than executive directors and in many cases only work 1-5 days a month.
It is a good idea to have at least one director with a legal background and one with a financial background. Their job is too make sure that legal obligations are met. It is difficult to say exactly why they brought him on board,
It is not unusual and not something that would be accompanied by a media event to announce it, In fact most employees have no idea who their company directors are.

Looking at the link in DLewths post above, an interesting thing is the accounts for last year, It gives gross costs, income and profit Plus details including the cost of directors and there statutory pension requirements. ( I think that relates to the new compulsory pension in the UK)


Is anybody here an accountant and can take a look at it?

Do you SA?

This guy seems to talk the talk..

https://forums.somethingawful.com/s...=3800238&userid=47204&perpage=40&pagenumber=5
 
I find it more interesting that it was around March (roughly, it's hard to estimate exactly here, but certainly the first half of this year) when the development seemed to start to "speed up" relatively compared to the stalling that was here before. Maybe someone wants to see results? Or even better yet, someone is producing these results instead of CRoberts?

He bought in - or someone else bought in and put him on the board - end of May. I would not be surprised that this would have changed some things up. There would have been negotiations before this date so you could well be right.

Now, will this make any difference in the long run? Maybe, maybe not. However there has now been an outsider in a board-level position for ~7 months. With luck this will mean that all of those people who have spent a lot of money pre-ordering the game (I refuse to say pledge) will start to see results, but the phrase "rearranging deckchairs on the Titanic" may still be closer to the truth. We'll see.
 
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Enlighten us.

April 24th 2018 at 2002 hrs. I would be interested to see if it is obvious to others well. It is unfortunate for him that it comes up quickly in the link and started me off being sceptical.


Its not a technical accounting issue so anyone should be able to work it out. I did and I can not even do long division or quadratic equations any more, school maths lessons are a long way in my past.
 
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I find it more interesting that it was around March (roughly, it's hard to estimate exactly here, but certainly the first half of this year) when the development seemed to start to "speed up" relatively compared to the stalling that was here before. Maybe someone wants to see results? Or even better yet, someone is producing these results instead of CRoberts?

I bet you a pork pie it was based around the tax year (5/6th April)
 
Operating the longest contonuously family busienesses. :D :D :D My sides! Somebody please call 112 I'm dying of laughter! :D :D :D

s70pe9bg2z321.jpg
 
April 24th 2018 at 2002 hrs. I would be interested to see if it is obvious to others well. It is unfortunate for him that it comes up quickly in the link and started me off being sceptical.


Its not a technical accounting issue so anyone should be able to work it out. I did and I can not even do long division or quadratic equations any more, school maths lessons are a long way in my past.

I know nothing about accounting development. But when you go to his post on the 27th July I think he addresses this.
 
I love stuff like this, I just hope the artist was having a laugh, I suspect not.

I await a post explaining this using SC Lore.

I did actually laugh when I just noticed it
 
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