Vapourware Scam Citizen - Only people with too much money can become StarCitizens! WOULD YOU LIKE TO KNOW MORE?

[King Crispy]

It wouldn't surprise me if a full half of what Cloud Imperium spends is in paying their legal team.

If I were Chris Roberts, and I knew that this cash cow could be milked with impunity as long as I kept paying my lawyers, I'd commit half of them to researching and scheming exactly to what limit can we continue along the path of promising new and shiny features but never actually releasing a product -- how long will the horse continue to walk to reach that carrot?

People laugh at Roberts. They laugh at his vision. They scoff and mock the project that he's never been able to complete. I say he's a fucking genius and, although he's given up his morality as the price to pay, he's just going to continue milking this thing for as much as it's worth until the U.S. Justice Dept. shuts him down.

Ponzi schemes ain't got shit on this guy.

 

[Deleted Member 22431]

Ponzi schemes ain't got shit on this guy.

Nah, it's pure sunk cost fallacy and denial that is keeping this thing alive. You need to be a very naive person to think that this is worth any kind of investment, and that Roberts has a clue what he is doing. He is not a genius in the scheme. People are just dumb.

 

[Norfleet]

Scam Shitizen is a cult, not a game.

 

[Myobi]

It wouldn't surprise me if a full half of what Cloud Imperium spends is in paying their legal team.

If I were Chris Roberts, and I knew that this cash cow could be milked with impunity as long as I kept paying my lawyers, I'd commit half of them to researching and scheming exactly to what limit can we continue along the path of promising new and shiny features but never actually releasing a product -- how long will the horse continue to walk to reach that carrot?

People laugh at Roberts. They laugh at his vision. They scoff and mock the project that he's never been able to complete. I say he's a fucking genius and, although he's given up his morality as the price to pay, he's just going to continue milking this thing for as much as it's worth until the U.S. Justice Dept. shuts him down.

Ponzi schemes ain't got shit on this guy.

I would rather know how much he pays himself and his wife =P

 

[Danikas]

I would rather know how much he pays himself and his wife =P

His brother also works there

 

[Myobi]

I would rather know how much he pays himself and his wife =P

His brother also works there

... oh...of course he does... I wonder who else... fucking hell.

 

[Country_Gravy]

His brother is banging his wife. They are going to take off with bag of loot and leave Chris crying to a bunch of angry dumbshits.

 

[Perkel]

Hmmm i kind off doubt that,it is just graph put out by them,i am not sure that it is real.

Their UK studio (which makes SQ42 and deals with money) yearly post financials because they are obligated by UK gov. So far it matches those numbers. They have monthly ~3mln burn rate as by last year report.

 

[Yaar Podshipnik]

But they don't have just one entity in the UK, they have 3 (at least, those are the ones in which Chris Robberts has directorship) https://beta.companieshouse.gov.uk/officers/o3k5_3JXKwHUeC7wVcvmHSKAWw4/appointments. And the data is only up to 2018, as they have quite some time yet to publish their 2019 numbers.
CLOUD IMPERIUM GAMES LIMITED (Foundry 42 previously) posted a loss in 2018, and average salary (meaningless number really, purely math average) works out to around 40k. https://beta.companieshouse.gov.uk/company/08703814/filing-history
CLOUD IMPERIUM UK LTD. also posted a loss in 2018. This is the parent of the rest of the orgs. This one doesn't list the number of employees, uses only the number of ppl in the group, so it's same as from CIG Limited, but it does list the amount highest paid director got: 246,087 GBP. Not bad, but nothing stellar. However, AFAIK, this is only for this company, not the whole group. It's quite possible all of the directors get paid for their directorships in every company separately. Filings for this company also list all of the subsidiaries (more than I posted here). https://beta.companieshouse.gov.uk/company/08815227/filing-history
ROBERTS SPACE INDUSTRIES INTERNATIONAL LIMITED has a net zero PnL in 2018. It has zero employees, but spent 392,560 on wages and salaries, as a recharge from fellow group company (unspecified which). https://beta.companieshouse.gov.uk/company/08882924/filing-history

As Perkel said, all the accounts are available to everyone, you can see for yourself. Sorry for going all Derek Smart on this.

 

[Perkel]

From what i read their UK studio is what holds all the money while their other studios effectively work for them as contractors or something like that.

Either way even with UK financials you won't be able to properly trace money as companies often post in red despite have billions in profit. The only worthwile info there is that they have around 3mln burn per month which confirms that those numbers they post are mostly correct.

The unknown is amount of investment they received outside of that.

 

[Fishy]

They have more offshore tax-haven subsidiaries than star systems, that's for sure.

 

[Perkel]

They have more offshore tax-haven subsidiaries than star systems, that's for sure.

Who doesn't ? Pretty much every company that can actually hire some proper accountant does this now. I live in poland and i have 2 friends who run companies. 1 has small company the other one has multiple businesses. Both of them have their business registered in Cyprus.

Either way the important part is burn rate because it is something they can't hide unlike profits and their account as they have workers to pay. If they didn't make that much money from crowdfunding they would long gone go bankrupt.

3mln burn rate is ~$40mln a year which is about what they get yearly plus couple of mln.

 

[Fishy]

They have more offshore tax-haven subsidiaries than star systems, that's for sure.

Who doesn't ?

Frontier Developments.

 

[Perkel]

Frontier Developments.

They just directly transform blood of their users grinding into vital energy and live off from that.

 

[Stokowski]

Frontier Developments.

They just directly transform blood of their users grinding into vital energy and live off from that.

Well of course; they are 9% owned by the Chinese.

 

[Perkel]

Well of course; they are 9% owned by the Chinese.

Chinese bought part of their company because they thought they were their ancestors. They couldn't believe that someone could create such soulless grind beyond their capabilities.

 

[Danikas]

 

[rusty_shackleford]

is this out yet

 

[Deleted Member 22431]

This episode was brilliant. C. Roberts openly treat his backers as ATMs. So much waste of resources. I can't wait to see the next episodes about the engine and the workplace of CI. Poor Ben Lesnik.

 

[Deleted Member 22431]

Maybe it was to shield himself somehow, considering his whole video was basically about a woman in gaming, I don't know.

If he is so concerned about feminism why did he tear another asshole in Sandi Gardiner?

Some fun shit:

"my pet is out of order", said Sandi Gardiner about Ben Lesnik

"We have a couple of backers that have spent a couple thousand dollars and sometimes they get a little entitled" LOL

 

[Deleted Member 22431]

Bearing in mind the person who made this is yet another high paying backer who got salty that Chris sempai wasn't listening to him.

He was a whale who was smart enough to realize way earlier that it was a complete fraud and got his refund. He is also insanely talented to make these autistic detailed videos. Dude has my respect.

 

[Deleted Member 22431]

The thread about star citizen in something awful is a gold mine.

 

[rusty_shackleford]

where does this idea that gaming is a "hostile environment for females" come from
literally go play any online game and say you're a woman and get free shit

 

[Deleted Member 22431]

where does this idea that gaming is a "hostile environment for females" come from
literally go play any online game and say you're a woman and get free shit

you find an army of "my lady" "white knights" and "asskissers"; never mind all the affirmative action hires in studios for the gender cause;

 

[AN4RCHID]

New free fly / in-game event coming up