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Oct 25, 2017 18:05
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Thoatse posted:We'll likely see the Road To Failure vid after their big 5hr's of nothing presentation this Friday Good poo poo. But yeah, this year then. Fuckin' nothing.
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Oct 25, 2017 18:08
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Thoatse posted:We'll likely see the Road To Failure vid after their big 5hr's of nothing presentation this Friday Saddens me you don't buy into Robert's vision.
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Oct 25, 2017 18:08
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C-Bangin' it 
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Don't kinkshame.
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Oct 25, 2017 18:11
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https://twitter.com/real_lethality/status/923223326947987457 https://twitter.com/real_lethality/status/923234350988251139
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Oct 25, 2017 18:11
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Thread veering back into gross creeplord territory again, citcon needs to hurry.
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Oct 25, 2017 18:12
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jpegs of booze?
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Oct 25, 2017 18:18
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Oct 25, 2017 18:18
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If you get drunk on virtual $50 whiskey in-game, do you stop seeing all the bugs and stop getting annoyed that you're playing at 12fps? Great idea CIG! Do cocaine next! That will solve all your monetary problems for sure. Rad Russian fucked around with this message at 18:21 on Oct 25, 2017 |
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Oct 25, 2017 18:19
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Can someone please record and YouTube the goon discord for citcon. The gamescom one was great but I’m actually going out to get drunk with actual people in a pub instead of getting drunk with goons on The internet.
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Oct 25, 2017 18:21
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Oct 25, 2017 18:24
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Zakutambah posted:
Yup
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Oct 25, 2017 18:24
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How the hell do you serve a whiskey "born" in 2947 within a game based in 2942?
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Oct 25, 2017 18:25
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Wow, they are really turning up the pressure on the whales. Gotta keep them from thinking about refunds. Even if it means spending backer cash on rotgut burbon delivered in a fancy box. edit: wait, it's not even real? That is even better Strangler 42 fucked around with this message at 18:28 on Oct 25, 2017 |
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Oct 25, 2017 18:26
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Ramadu posted:what is even happening here Before Steam, DRM and Cd keys games had code wheels. On startup the game would tell you to put the wheel arrow on a specific nose art image and type in the code name of a specific plane. Making a copy of the wheel would take time and back then no color copier existed, thus making pirating game more of a hassle.
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Oct 25, 2017 18:27
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Hrrm, criticism of CIG. Cymelion is clearly a deep cover Derek alt.
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Oct 25, 2017 18:32
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DRM is bad
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Oct 25, 2017 18:33
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Cloud Imperium Games UK Ltd filed their 2016 accounts today. Oddly the Companies House website now says they are processing for 5 days, but they were fully readable before. Here is my blog of things I made notes of as I browsed the accounts. Consolidated This year they filed their consolidated accounts. This means that rather than being just that company, the set of accounts is consolidated to include all the subsidiaries. Any transactions between subsidiaries/parent are cancelled out. Intellectual Property The accounts preparation improves year on year as errors get picked up. I've pointed out the IP issue before and it's now apparent what happened here. On the 1st of July 2015 CIG UK paid £1,359,185 for Intellectual Property. This isn't entirely clear but the suggestion would be that this was for the worldwide rights to Squadron 42. The sale of intangibles for £654,612 was the US rights of Squadron 42 being sold to Cloud Imperium Games Inc. Because of apparent errors in earlier sets of accounts we can't be sure where that £1.36m actually went to, it could quite easily be to Chris Roberts himself, or a personal services company that is essentially himself. Fixed Assets These are actually broken down for the first time since they filed consolidated accounts. In the UK they've spent a little over £1m on computer equipment to December 2016. £400k on Fixtures and fittings. £300k improving the leased premises. Goodwill This is an accountancy term that represents the extra cash paid for an asset. If a company has a value of £34,851 and you pay £440,000 then in your company's set of accounts this is recorded as an investment of £440,000. In your consolidated group accounts however, you include the activities of the subsidiary. Because of this, you do not include that investment of £440,000. You reverse it out through a set of journals which includes the value of the assets at £34,851 and the goodwill figure of £405,149. The goodwill is then amortised (written off) over, in this example, a five year period. As you have no doubt guessed, these are the actual figures for Cloud Imperium Games Ltd's purchase of Foundry 42 Ltd from Erin Roberts et al. Related parties - mistakes Note 20 on Related Parties Transactions. Accounting errors. All amounts are actually due to the respective companies, but they are in brackets so the lines that currently read "due from" are correct (Like a double negative). It's an easy mistake to make, but it's surprising that a professional auditor wouldn't notice it instantly. All three disclosures should really read something like, "Amounts due (to)/from" and it would be easier all round to understand and avoid mistakes such as the one made.  Related parties - analysis There's three US companies under Chris Roberts control that have transactions with the UK group. These transactions, from a standard accountancy point of view, are sort of nonsensical. The flow of money however keeps changing and changed again in late 2016. 1. Roberts Space Industries Corporation. This continues to be the main money pig. The UK group tells America how much to pay and they pay. "Costs recharged in the year" is turnover for the UK group. As the American company settles these, a balance remains. Because of poor planning, Roberts Space Industries Corporation has actually settled more costs than the UK has recharged. The balance comes down as they adjust (Compare 2015 and 2016). 2. Cloud Imperium Games, LLC. This one is interesting. In early 2015 it relinquished the role of funding the UK group that is now undertaken by Roberts Space Industries Corporation. Now we learn in late 2016 it has gone to being dependent on the UK group for financing. "Costs recharged in the year" is turnover for the UK group. In 2015 it is a positive and in 2016 the figure is in brackets, which means it is no longer turnover for the UK group but an expense. Apparently some US expenses were actually paid by the UK group, so this figure is netted off that which is due to the American company. 3. Cloud Imperium Games Texas, LLC. This is a brand new entry for the UK in 2016 and it only has one figure. "Costs recharged in the year" is turnover for the UK group. However, this is a figure in brackets, which means it is no longer turnover for the UK group but an expense. We know this was done in late 2016 because the amounts for both CIG US companies are relatively small and remain unsettled at the year end. Related parties - conclusion What this means is that they have once again refactored the way the money moves around the companies. All sales continue to be made and received by the US companies and flow to Roberts Space Industries Corporation where it is funneled to the UK and distributed in the UK but now, going forward some will then flow back to the US to pay for Cloud Imperium Games(, LLC and Texas, LLC). Pointless. Financial Risk Management "The Company does not actively use financial instruments as part of its financial risk management." I'm not sure how this ties into the reddit hivemind and the infamous Sunday panic statement by Ortwin. It seems pretty unlikely however that the "pay day loan" was some sort of hedge against currency exchange rates. Completely Speculative Conclusion Steps have been taken to change the flow of money. It appears going forward (and this means since December 2016) that perhaps nearly all the income is going to be funneled to the UK from the USA. Some of this is then moved back to the US to cover expenses in Texas and LA. This would have the appearance of higher income in the UK group. We know in 2017 that CIG UK put up a lot of collateral to secure loans. It would be in their best interest if the interim management accounts provided to banking institutions showed more turnover. Also beyond just the vanity of a higher turnover figure, there's the fact that the UK is now receiving its funding before studios in LA and Texas for example. The sort of thing a lender in the UK might stipulate.
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Oct 25, 2017 18:35
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big nipples big life posted:Thread veering back into gross creeplord territory again, citcon needs to hurry. Yeah, that whiskey sure is underage.
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Oct 25, 2017 18:43
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D_Smart posted:It's bullshit. CitizenCon is in 4 days and they're now making poo poo up wholesale in order to make sure funding isn't affected. Are you saying that avocado QA thing is false?
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Oct 25, 2017 18:43
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Roflan posted:Yeah, that whiskey sure is underage. I was definitely talking about the whiskey and not more reddit citizen dossiers from the resident creep.
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Oct 25, 2017 18:45
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aleksendr posted:Before Steam, DRM and Cd keys games had code wheels. On startup the game would tell you to put the wheel arrow on a specific nose art image and type in the code name of a specific plane. Making a copy of the wheel would take time and back then no color copier existed, thus making pirating game more of a hassle. Best ones had the red glass reader. They were all easy to crack. So were the Amiga ones. Just basically put a JMP in or zero the coded words in the code where they sat and it would accept the null. EA's protection relied on the head knocking of the 1541 drive in the C64 days. Trivial to circumvent. The latter didn't even need code changes during a disk copy.
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Oct 25, 2017 18:45
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Mr.Tophat posted:Ok!!! Ah, I see you’re still using the Old Testament version. New King Roberts version goes like this: JOY TO THE VERSE COMMANDOS PLEDGE TO VISION, THE DREAM, THE BUY MORE (link to store)!
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Oct 25, 2017 18:46
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The Titanic posted:Ah, I see you’re still using the Old Testament version. I will only accept this version if (link to store) is a baritone
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Oct 25, 2017 18:50
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I’m pretty sure nobody immediately thinks of either of those games, unless you’re over 35. Even then though, you’re probably thinking more recent stuff that is available today like X series, Everspace, Stellaris, and probably a handful of space themed games like Dead Space or CoD:IW. I don’t mean to burst bubbles, but the torches have passed on regardless of what modding communities continue to do.
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Oct 25, 2017 18:54
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Mass Effect
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Oct 25, 2017 18:55
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When I think of space games, I think of shuffling ever so slightly closer at regular intervals to people waiting for buses and placing bets on how many shuffles (I call them micro-aggressions) I can make before they shuffle away or get mad at me
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Oct 25, 2017 18:59
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My record is twelve, and the person I shuffled towards? My ex-wife.
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Oct 25, 2017 19:00
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Mr.Tophat posted:My record is twelve, and the person I shuffled towards? My ex-wife. Did you ban her?
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Oct 25, 2017 19:01
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Mr.Tophat posted:When I think of space games, I think of shuffling ever so slightly closer at regular intervals to people waiting for buses and placing bets on how many shuffles (I call them micro-aggressions) I can make before they shuffle away or get mad at me You can also do this at stop lights, stop light 15 feet away from the car ahead of you and see how many times you can get the car behind you to inch forward.
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Oct 25, 2017 19:02
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quote:Overloading a ship with more cargo is certainly something a lot of pilots have asked for, and its something we’re going to support. Because cargo will be able to be lifted and placed by hand, the player won’t need a cargo grid underneath them in order to place it, meaning they can release those commodities anywhere. I so want to see people think they are gaming the system by filling up every corner of their ship with piles of physical boxes. Then when they try to clear a path to their seat they, and all the boxes, glitch out into space in a massive explosion. edit: Along with the rest of the crew, the car, the snub fighter they were carrying and the space station they are sitting on. fritzgryphon fucked around with this message at 19:07 on Oct 25, 2017 |
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Oct 25, 2017 19:02
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Sillybones posted:Too many examples of this. The devs are officially making up what they are doing to mess with her. I don’t mean to burst more bubbles, but it’s a pretty safe bet to assume that anything the Sandi Gardner twitter account posts related to SC, and associated pictures, were probably not taken by her, or the comments written by her. It’s probably just an intern trying to not get in trouble and doing what he or she is told to do. 
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Oct 25, 2017 19:03
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Jobbo_Fett posted:This is good for Star Citizen because ..anything and everything that prolongs CIG from having to put gameplay money or hours into buying Item X is good for Star Citizen. The second they say anything about that you’ll have people everywhere exploding on them, but you’ll also kill your income because now Item X can be bought in game instead of with a credit card.
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Oct 25, 2017 19:05
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Colostomy Bag posted:Did you ban her? Actually, I married her!  big nipples big life posted:You can also do this at stop lights, stop light 15 feet away from the car ahead of you and see how many times you can get the car behind you to inch forward. You have given me a reason to learn how to drive, thank you
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Oct 25, 2017 19:05
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Bofast posted:It's ok, friend. You're pretty good at developing sinking feelings, at least  I’ve got you covered (in water), friend! 
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Oct 25, 2017 19:06
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I don’t know who this guy is, but it’s cute that his look in the picture is identical to the one in his avatar. 
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Oct 25, 2017 19:10
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How is that box suppose to close when the bottle goes past the lid?
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Oct 25, 2017 19:13
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shrach posted:
If you are going to hedge currency you do it on the futures market. Let's say I'm in the US, but going to make a big purchase in Australia or pay a company for services in Australia in 6 months. Let's say it's AUD 1M. Well if I want to lock in my costs for that expense I'll buy AUD 1M today for delivery in 6 months. This way I take speculation out of it and I've locked in my cost. We do the same thing with our crops on the farm. Generally prices are higher next summer than right now. We typically book 80% of our expected yield on the futures market. This way we've locked in and instead of costs have locked in expected revenue. We roughly know how much we are going to make so can make other decisions, like whether to repair an existing combine or buy a new combine, based on that knowledge. The remaining 20% we'll book either after it is in the bin or wait and sell based on spot price. Example, let's say we expect to harvest 40,000 bushels of rice. We'll book 30k bushels on the futures market. But then after harvest we might only have 38000 bushels because 40 acres flooded or it might be a bumper year and we ended up with 42,000 bushels. We'll book that addition 8k or 12k or whatever after it's harvested and in the bin. Taking out a loan like they did is something you do if your business has short term cashflow issues. And cashflow in business is king more so than profit. I've seen profitable businesses go bankrupt due to cash flow issues. SpaceCurtisLeMay fucked around with this message at 19:19 on Oct 25, 2017 |
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Oct 25, 2017 19:15
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To be clear I have never married anyone, except this thread Derek won't keep us apart anymore
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Oct 25, 2017 19:16
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Eldragon posted:Hrrm, criticism of CIG. Just imagine yourself polishing cig's knob for years. Spending lots money, sending gifts, and being the best citizen / cheerleader ever and *not* managing to get an invite to evocati. Even after you begged for one and began to produce a shitload of bug reports in order to prove your worth and get in. I would be salty too.
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Oct 25, 2017 19:18
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