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CIG Financials for 2018 published

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Comments

  • KefoKefo Member EpicPosts: 4,229

    I really enjoy the lack of any research by most people in this thread....
    like google....
    most of this has been researched....

    the public funding is tracked daily and sometimes by the minute.... google sheets....
     
    start there....
    https://docs.google.com/spreadsheets/d/1tMAP0fg-AKScI3S3VjrDW3OaLO4zgBA1RSYoQOQoNSI/edit#gid=1694467207
    their funding is fine, not all of it is public and your not going to find it. even the court wont release it. 

    the 90 days bs is just that. the 90 days argument is 5+ years old now.... https://twitter.com/dsmart?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
    seriously.... how long can someone hate a game, and fund the fud group... http://dereksmart.com/forums/topic/star-citizen-musings/ [2016...]

    they are banking with one of the best banks making interest, getting money from amd [remember the ships with the gfx cards], intel [the optane ssd's], nvidia... and more.... [amazon!] the ad revenue from the hate group on something aweful alone is probably a million dollars or more by now.... which is hilarious and ironic.... add this forum, facebook and then some... 

    they dont need the multi million dollar from the investors only the backers... the interest they are accruing every year at 2% !!! the 50M = 1000000 in interest a year... 

    they are only going up. 


    Talks about lack of research by people and then makes wild statements without doing any research. The irony is thick enough to choke on
    MendelGdemami
  • ErillionErillion Member EpicPosts: 10,317
    Amathe said:
    Erillion said:

    Now the critics are unhappy that the financials do NOT show an imminent desaster.  
    I'm not being critical. I'm being indifferent. But perhaps you meant someone else. 

    Indeed i meant someone else.


    Have fun
  • ErillionErillion Member EpicPosts: 10,317
    Kefo said:
    Those aren’t financials though. Financials generally contain a balance sheet or something similar and are signed off. Those numbers can be fudged for all we know. The UK group when they file is what I would consider financials.
    The UK group of CIG is publishing financials for years now.


    Have fun

  • KefoKefo Member EpicPosts: 4,229
    Erillion said:
    Kefo said:
    Those aren’t financials though. Financials generally contain a balance sheet or something similar and are signed off. Those numbers can be fudged for all we know. The UK group when they file is what I would consider financials.
    The UK group of CIG is publishing financials for years now.


    Have fun

    Which is what I said. Thanks for restating that?
  • ErillionErillion Member EpicPosts: 10,317
    Kefo said:
    Erillion said:
    Kefo said:
    Those aren’t financials though. Financials generally contain a balance sheet or something similar and are signed off. Those numbers can be fudged for all we know. The UK group when they file is what I would consider financials.
    The UK group of CIG is publishing financials for years now.


    Have fun

    Which is what I said. Thanks for restating that?

    You said "...when they file ...".

    And they do.

    In regular intervals.  ;-)

    The "WHEN" was for me the important word.



    Have fun

    Babuinix
  • KefoKefo Member EpicPosts: 4,229
    Erillion said:
    Kefo said:
    Erillion said:
    Kefo said:
    Those aren’t financials though. Financials generally contain a balance sheet or something similar and are signed off. Those numbers can be fudged for all we know. The UK group when they file is what I would consider financials.
    The UK group of CIG is publishing financials for years now.


    Have fun

    Which is what I said. Thanks for restating that?

    You said "...when they file ...".

    And they do.

    In regular intervals.  ;-)

    The "WHEN" was for me the important word.



    Have fun

    Yeah when they file but late. I can’t believe I need to be that specific.
  • KyleranKyleran Member LegendaryPosts: 43,975
    Kefo said:
    Erillion said:
    Kefo said:
    Erillion said:
    Kefo said:
    Those aren’t financials though. Financials generally contain a balance sheet or something similar and are signed off. Those numbers can be fudged for all we know. The UK group when they file is what I would consider financials.
    The UK group of CIG is publishing financials for years now.


    Have fun

    Which is what I said. Thanks for restating that?

    You said "...when they file ...".

    And they do.

    In regular intervals.  ;-)

    The "WHEN" was for me the important word.



    Have fun

    Yeah when they file but late. I can’t believe I need to be that specific.
    Splitting hares (see what I did there?) is elevated to an art form here.

    ;)
    Erillion

    "True friends stab you in the front." | Oscar Wilde 

    "I need to finish" - Christian Wolff: The Accountant

    Just trying to live long enough to play a new, released MMORPG, playing New Worlds atm

    Fools find no pleasure in understanding but delight in airing their own opinions. Pvbs 18:2, NIV

    Don't just play games, inhabit virtual worlds™

    "This is the most intelligent, well qualified and articulate response to a post I have ever seen on these forums. It's a shame most people here won't have the attention span to read past the second line." - Anon






  • rodarinrodarin Member EpicPosts: 2,611
    Erillion said:
    >>> End of the day the project isnt any closer to getting finished than it was last year at this time. >>>

    As usual verifiably wrong statements coming from @rodarin ;  In other news: Water is wet.


    Have fun

    what have the added that is actually getting this thing closer to release? What actual MECHANICS that were broken, buggy or non existent last year are in it now? 

    This new update shows they dont have a clue as to what theyre doing. Rushing out broken trash (while fanbois say theyre taking their time to get it right) Its is a comedy of errors here.

    What is in the tech demo right now that is working bug free and able to be saved (persistent) that wasnt in the tech demo last Dec.

    Not planets or new ships (that actually got past jpeg stage) but actual game mechanics that are fundamentally necessary to 'finish' an MMO (of any kind).
    GdemamiErillion
  • gervaise1gervaise1 Member EpicPosts: 6,919
    Kyleran said:
    gervaise1 said:
    botrytis said:
    Most companies release last year's financials not the previous year. Kind of a red herring. 


    I suppose if they published the financials for year ending 2019 you would say they had to be lying because its still 2019? 

    You do know its still 2019 yes?

    And actually most companies don't publish "financials" since most companies are private. Try finding Zenimax's for example.
    Isn't the reason they publish financial info because they took public funds or tax breaks as part of the UK's software development program?

    I'm sure they aren't doing so out of the goodness of their hearts, as you pointed out few private companies ever do.
    This information: no.

    This information - for the part of the company registered in the UK - yes: 
    https://beta.companieshouse.gov.uk/company/08703814/filing-history

    The most recent - for year end 2018 - were published 31-Oct-2019. 

    As far as I am aware there is no legal requirement for this information. The entire company stuff was only published for the first time a year ago - when they released 2012-2017. And this info says it ties back to the legally required stuff. Puts the timing in context as well; subsidiary bits of a company do their results before the full company.

    Why? 
    Obvious reason: to reassure existing and future backers; counter the 90 days tops / it will never release because its running out of money stories.
    Less obvious - maybe more critical - to reassure employees. Productivity can plummet when they are arranging / thinking about their upcoming job interviews / applications. And their bank balance did get pretty low.
    It may also relate to the external investors - they now have 2! And maybe future ones. Investors prefer things with track records. 

    Gdemami
  • gervaise1gervaise1 Member EpicPosts: 6,919
    edited December 2019
    Aethaeryn said:
    lol the 9 million in marketing last year would have paid for the game I wanted ;)
    That is the type of thinking that has encouraged multiple crowd funding pitches: CU, Crowfall, Pantheon, SotA, SoE etc. etc.

    The marketing costs includes the alpha server costs btw - I have always believed that one reason that WoW was so sucessful (and survived its day 1 meltdown) was because it was "out there" prior to full release. 
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