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Mark Jacobs finds more idiots willing to give him $10,000,000 to waste.

user298user298 Member UncommonPosts: 152
edited October 2022 in Camelot Unchained
One of the users of unofficial Camelot Unchained subreddit found the public filing of CSE selling more equity in exchange for $10,000,000.
https://www.sec.gov/Archives/edgar/data/1728063/000172806322000001/xslFormDX01/primary_doc.xml
The document was signed this month, 10/20/2022, and this public information is available for free directly from SEC's government website.
harken33
«1

Comments

  • ScotScot Member LegendaryPosts: 22,642
    edited October 2022
    This does not show how much he is seeking, but clearly he is looking for more cash.
    Post edited by Scot on
  • [Deleted User][Deleted User] Posts: 927
    edited October 2022
    The user and all related content has been deleted.
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  • OG_SolareusOG_Solareus Member RarePosts: 1,041
    Forgot he still existed. :neutral:
    Phaserlight
  • harken33harken33 Member UncommonPosts: 124
    So reading this SEC document, it shows Total Offering Amount $10 Million USD, Total Amount Sold $0 USD, Total Remaining to be Sold $10 Million USD. Does this mean he has received / is receiving 10 Million or that he is offering 10 million to a potential future buyer if he finds someone?

    Maybe if he gets $10 Million those refunds will finally be processed en masse.

    Anyway good find User298
  • KyleranKyleran Member LegendaryPosts: 43,304
    About 2 months ago Mark said he would soon have an announcement about something he'd been working on which had kept him personally from doing any development work since the first of the year.

    Securing more funding was the odds on favorite guess as it became apparent actual progress had slowed significantly. 


    harken33PhaserlightSlapshot1188

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  • KyleranKyleran Member LegendaryPosts: 43,304
    harken33 said:
    So reading this SEC document, it shows Total Offering Amount $10 Million USD, Total Amount Sold $0 USD, Total Remaining to be Sold $10 Million USD. Does this mean he has received / is receiving 10 Million or that he is offering 10 million to a potential future buyer if he finds someone?

    Maybe if he gets $10 Million those refunds will finally be processed en masse.

    Anyway good find User298
    Probably has something to do with one of his other cofounders listed in the filing who probably has connections to raise more funding, this also from the notCU subreddit

    "also lists karen lauder in the filing, a hollywood producer of straight to dvd movies, and former investment banker, who lists herself as a founder of CSE on her profile on her production company's website."

    Isn't she related to him somehow, sister maybe?


    harken33

    "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

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  • VrikaVrika Member LegendaryPosts: 7,880
    harken33 said:
    So reading this SEC document, it shows Total Offering Amount $10 Million USD, Total Amount Sold $0 USD, Total Remaining to be Sold $10 Million USD. Does this mean he has received / is receiving 10 Million or that he is offering 10 million to a potential future buyer if he finds someone?
    It means that he has not sold them yet.

    But on the form they have selected rule 506(b) which means they will not publicly advertise this or solicit investors for this. They have also told that they won't use a broker or a dealer, and there will be no sales commissions or finder's fees paid. When put together those look like they already know who will give them funding and are very close to finalizing that sale, and that this form has been submitted as part of the paperwork of that sale.
    harken33KyleranCogohi
     
  • AngrakhanAngrakhan Member RarePosts: 1,060
    It's me. I'm totally giving him that $10 million. He told me I could design and name my own space ship,  make me the owner of the admirals club, and give me the in game title of Grand Narwhal! Dude, who wouldn't if you had the money? Oh wait, Mark Jacobs doesn't run Star Citizen?...
    harken33KyleranPhaserlightGiarclenMadBomber13eoloeGrymmoire
  • AntariousAntarious Member UncommonPosts: 2,833
    Camelot Unchained was one of two (or was it 3? lol) games I crowd funded.  Two released.. one was crap in my opinion and the other was decent but I didn't stick around.  So I remember he/it exists because I get emails about it now and then.

    I don't think I've ever even logged into a test for Camelot Unchained.

    It just reminds me of how I was still playing DAoC on the Classic Cluster.  I remember it was around when Aion launched that they decided to force us into the TOA Cluster and that was the end for me and most of the group I played  with.

    It's kind of sad in the sense that there was still a very healthy population of people playing then.  Well I don't honestly remember much about Midgard... but both Hibernia and Albion had large numbers nightly as well as 8 man etc
    Kyleran
  • harken33harken33 Member UncommonPosts: 124
    Kyleran said:
    harken33 said:
    So reading this SEC document, it shows Total Offering Amount $10 Million USD, Total Amount Sold $0 USD, Total Remaining to be Sold $10 Million USD. Does this mean he has received / is receiving 10 Million or that he is offering 10 million to a potential future buyer if he finds someone?

    Maybe if he gets $10 Million those refunds will finally be processed en masse.

    Anyway good find User298
    Probably has something to do with one of his other cofounders listed in the filing who probably has connections to raise more funding, this also from the notCU subreddit

    "also lists karen lauder in the filing, a hollywood producer of straight to dvd movies, and former investment banker, who lists herself as a founder of CSE on her profile on her production company's website."

    Isn't she related to him somehow, sister maybe?



    Aha looks like your memory banks are still functioning at a high level. I just did a quick search and you are correct, she is indeed his sister.

    In 2016 he was promoting a Nieces movie and mentioned the following  "In other CSE-related news, as many of you know, one of our investors, Karen Lauder, has been involved in the entertainment industry for decades,.....And as always, for the purposes of full disclosure, Karen was formerly Karen Jacobs, and she is my beloved sister,"


    ScotCogohi
  • MendelMendel Member LegendaryPosts: 5,609
    Well, unless I've badly misunderstood, Jacobs is looking for another $10 mil, he hasn't found it yet.  So, a more appropriate title for this thread should be "Mark Jacobs is looking for more people to donate to him/CU".



    Kyleran

    Logic, my dear, merely enables one to be wrong with great authority.

  • user298user298 Member UncommonPosts: 152
    edited October 2022
    Mendel said:
    Well, unless I've badly misunderstood, Jacobs is looking for another $10 mil, he hasn't found it yet.  So, a more appropriate title for this thread should be "Mark Jacobs is looking for more people to donate to him/CU".



    There's a previous SEC filing for CSE, at 2018, for $7.5 million. It was made when this announcement happened:
    https://www.gamesindustry.biz/city-state-entertainment-lands-usd7-5m-from-mythic-investors

    While the filing itself does not mean they already got the money - I think it's safe to say that someone did offer them those $10 million this year and that they will eventually receive them.
  • The user and all related content has been deleted.
    Sometimes we need fantasy to survive reality 
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  • KnightFalzKnightFalz Member EpicPosts: 4,081
    Deathkon1 said:
    Relampago said:
    All right I know this is going to sound evil and it probably is but here I go,

    I see nothing wrong in letting stuff like this continue in fact its good stuff like this becomes like Chronicles Of Elyria and people start to wise up, after enough of these kinds of projects slowly accumulate and fail we won't see as many posts about this kind of crap.

    It's not evil, just presumptive. It must first fail to be counted a failure. It's not there yet.
  • ScotScot Member LegendaryPosts: 22,642
    Relampago said:
    To spend that money on development, I presume the game will need at least another two to three years. Maybe we will see and early access then. :)
    harken33Relampago
  • KyleranKyleran Member LegendaryPosts: 43,304
    Relampago said:
    Great find @Relampago, fascinating that he can continue to dupe basically the same group of investors again and again.


    user298Relampago

    "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






  • kitaradkitarad Member LegendaryPosts: 7,857
    edited November 2022
    How does he manage to convince people and it is not like Sam Bankman is still about to throw money at things. Are people this dumb?
    user298

  • Slapshot1188Slapshot1188 Member LegendaryPosts: 16,880
    Kyleran said:
    Relampago said:
    Great find @Relampago, fascinating that he can continue to dupe basically the same group of investors again and again.


    Point of order:

    How do we know he is duping investors?  Those folks have access to his actual plans, budgets, cash reserves etc...  It is quite possible, even likely, that they know much more than we do.  Now this does not mean that it's good for US the fans because we do not know exactly what that money will be used for.  Maybe its back to mobile games based on The Wizard Of Oz... 
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  • user298user298 Member UncommonPosts: 152
    Kyleran said:
    Relampago said:
    Great find @Relampago, fascinating that he can continue to dupe basically the same group of investors again and again.


    It's very easy to impress simple-minded people who are not very knowledgeable about gaming, all you need is a wall of text about supposed "constant progress and bug fixes", sprinkled with some images of concept art of axes and hammers ;)
    MendelKyleran
  • SovrathSovrath Member LegendaryPosts: 31,855
    Kyleran said:
    Relampago said:
    Great find @Relampago, fascinating that he can continue to dupe basically the same group of investors again and again.


    Point of order:

    How do we know he is duping investors?  Those folks have access to his actual plans, budgets, cash reserves etc...  It is quite possible, even likely, that they know much more than we do.  Now this does not mean that it's good for US the fans because we do not know exactly what that money will be used for.  Maybe its back to mobile games based on The Wizard Of Oz... 
    I'll add that there are people out there with quite a bit of money who could very easily be persuaded to throw a few bucks someone's way with the possibility of making some more money but "no worries if it doesn't pan out."

    That's essentially what Angel Investing is about I think.
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  • MendelMendel Member LegendaryPosts: 5,609
    user298 said:
    Kyleran said:
    Relampago said:
    Great find @Relampago, fascinating that he can continue to dupe basically the same group of investors again and again.


    It's very easy to impress simple-minded people who are not very knowledgeable about gaming, all you need is a wall of text about supposed "constant progress and bug fixes", sprinkled with some images of concept art of axes and hammers ;)

    Sadly, that is what is working in this environment.  People are buying a novel and pretending its a game.



    Logic, my dear, merely enables one to be wrong with great authority.

  • The user and all related content has been deleted.
    Sometimes we need fantasy to survive reality 
    https://biturl.top/rU7bY3
    Beyond the shadows there's always light
  • KnightFalzKnightFalz Member EpicPosts: 4,081
    Deathkon1 said:
    Deathkon1 said:
    Relampago said:
    All right I know this is going to sound evil and it probably is but here I go,

    I see nothing wrong in letting stuff like this continue in fact its good stuff like this becomes like Chronicles Of Elyria and people start to wise up, after enough of these kinds of projects slowly accumulate and fail we won't see as many posts about this kind of crap.

    It's not evil, just presumptive. It must first fail to be counted a failure. It's not there yet.
    Yeah your right I should give it another decade of no news or 3 decades of trickle news for it be counted as dead, thats how this crowd funding stuff works aka its not over until its over.

    Give it as little or much as you want. It's not as though it matters as to the ultimate failure or success of the game.

    This is not unlike the death predictions for games already released that keep on going year after year despite the endless naysaying.

    It's indeed not over until it's over.
  • GrymmoireGrymmoire Member UncommonPosts: 177
    user298 said:
    Kyleran said:
    Relampago said:
    Great find @Relampago, fascinating that he can continue to dupe basically the same group of investors again and again.


    It's very easy to impress simple-minded people who are not very knowledgeable about gaming, all you need is a wall of text about supposed "constant progress and bug fixes", sprinkled with some images of concept art of axes and hammers ;)

    It is not about images of axes and hammers; it is images of clubs and baby seals that gets the Idiocracy base excited.
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