And in recent news Star Citizen developer CIG won the coveted award for Worst Business Model of 2018, an almost unanimous decision from the staff of massivelyop.com, 6 out of 7 staff voted for Star Citizen, with the readers affirming their decision.
In a rather unsurprising turn of events for the controversial developer, news of shares being sold to three companies, Erloch Ltd, Indus Management Ltd and Infatrade Group Corporation emerged thanks to a filing made at companyhouse.co.uk. The shares amount to a 11.88% stake in the company and raised $22 million in capital but also netted the sellers (Chris Roberts, Erin Roberts, Ortwin Freyermurth) a tidy fee of $2.9M, $0.26M and $0.52M respectively.
A very interesting disection of this matter can be found on Guard Frequency's podcast and is well worth one's time
Stay glued to This Week In Star Citizen, in our next update we should have an announcement for the winner of MassivelyOP.'s controversial Most Likely To Flop Award

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Comments
Nah theyre doing just what they want, and the lemmings are all eating it up.
I think it's good news because it means they're getting money outside of having to get players pay for everything, but at the same time I think it's also something that RSI should have told its backers themselves instead of letting people find it out from elsewhere.
And do any of those documents itemize where every dollar is going?
And why does SC need the extra money? I get the selling of ships binds new players to your IP. So by selling ships you will get money and new players.SC has a steady income generated by selling the ships, so why this extra injection of money?
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Star Citizen is not a foundation. It's a for-profit business.
Is the money raised to fund the game? I doubt it. They said last year that they had enough. And since then they have:
- raised more through crowdfunding;
- released 3.0;
- spelt out what they need to finish to release an MVP, all of which are included in 3.5 and 3.6. So if no slips another 6 months.
So hard to believe they don't have enough funds to finish.
However whilst CR - clearly - doing something he wants to do making money will also be an aim.
Assuming they follow through on their statement that all the crowdfunding will be used in development - and given the size of the team it is easy to see that being met.
Maybe this is one of the options? Based - maybe - at some point in the future declaring that the game will simply be "sold" rather than "funded".
Maybe its also based on other possibilities. Maybe a TV series? There was a film in the past so why not? They have the art assets and the tech and team to generate more; its something CR has been involved in and if they can get the current cast of SQ42 on-board to headline it ..... well its hard to get something picked up that studios haven't been involved in but I suspect its an option.
Interesting though. If anything it points towards SC (& SQ42) moving out of crowdfunding and just becoming "games for sale". Possibly the end of drama as we know it.
I’m going to say this will probably continue (the selling of shares for a nice profit to line CR’s pocket) and backers won’t find out about it until the next UK filing.
Any bets whether this will still be the status quo at the end of 2019?
I'm wondering if "launching" really even matters to you and most other fans, doesn't appear so.
Rather amazing really
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"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
From a big picture perspective:
- SQ42 needs SC stuff that has not yet been released to alpha e.g. female character models
- the SC alpha is ..... an alpha! Prudent to allow some time for features to "bed in" or slip!
- the SC MVP is pencilled in for mid-2019. (Features spelt out currently in 3.5/3.6).
- the MVP release will generate press: good, bad or indifferent.
- did I mention possible slippage; so lets say possible 3.7!
- For maximum SQ42 sales - to non-backers - they will want to use the July/August (possible October) coverage to help drive a late November Thanksgiving / Christmas launch.
Now whether they are at all close enough or confident enough to announce a 2019 date - not a clue. And even if they are whether whether they will achieve it - that is another question.
That would be my top down what I would like to see happen big picture. That would need to be compared with the bottom up picture though - whatever that is for SQ42.