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CIG publishes financials for years 2012 - 2017

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  • Octagon7711Octagon7711 Member LegendaryPosts: 9,002
    It does surprise me though that more people arent a little leary of this with that much money involved and no release 6 years later.
    I think a lot of people are they just have little reason to post about it and prefer to wait and see what happens.  

    "We all do the best we can based on life experience, point of view, and our ability to believe in ourselves." - Naropa      "We don't see things as they are, we see them as we are."  SR Covey

  • KefoKefo Member EpicPosts: 4,229
    MaxBacon said:
    Kefo said:
    You forget they could probably liquidate the company and the VC would get all their money back and then some. And article 12 of their company sounds like CR is on a short leash
    I'm not forgetting anything, that being speculative doom talk over breaching the agreements set with investors. As investments are not loans they do still have their securities and agreements especially to ensure that is mostly the accountability over any misuse of investment money.

    As in terms of what is present fact, the 46 million investment and the fact the company is not earning proper profit as its operative cost is over their income, the investors are not investing to take a piece of a pie that doesn't really exist right now (if they crowdfund 30 million and have to pay 30 million in salaries the investors are not seeing that money), yet can only on future prospects when the company actually starts making money.

    I once said likely 2 years or so ago and I think it was with you and you lol'd at me then, that if they were smart they would get SQ42 behind publishers or investors to sustain a large marketing campaign behind it, up to even a console port, and one in I think the other will come to be as well.
    Just making sure you were aware regardless of how crazy the secenario lol.

    and it might have been me a few years ago and I laughed at you(assuming this convo happened) cause a publisher or investor is CR betraying a huge promise he made to original backers. The KS was originally to prove interest in the game to get private backing but then morphed into we don’t need anyone now who will try and reign in the vision and suits are evil and the fanboys would defend that point to the death.

    Now you have fans finding out months after the fact that they have a private investor and the mental gymnastics are in full swing as fanboys try and tell everyone how this is a good thing for the company. Next thing you know they will announce SQ42 as coming to consoles and the mental gymnastics will be in full swing again as another promise is attempted to be explained away.

    But given how much CR and this company lie to their fans (healthy reserve of cash and all SQ42 missions have been played in 2016 sound familiar?) I’m not surprised that white knights will do what they have to to try and bury the truth
  • Arkade99Arkade99 Member RarePosts: 538
    rodarin said:
    MaxBacon said:
    laserit said:
    46 million for 10% = 460 million evaluation.

    Now you can play Shark Tank
    rodarin likes to put his hateful spin on everything, of course having gotten on investment agreed upon such as a huge evaluation a company is a bad thing, no investor would ever invest that much on a scam that will never release... Err.. Wait a second... xD
    BAd 'investments' are bad. CiG has been LOSING money for the past 3 years. 
    Not to defend CIG, but what game company makes a profit while developing a game? Outside of the initial investment/crowdfunding, it's expected that they will be spending more money than they are bringing in. 
    Erilliontargetdrone
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