******Official Star Citizen / Squadron 42 Thread******

To be fair, huge companies take out loans all the time. Even firms like apple. They do this to get " instant " cash flow in certain areas where they may need to wait X amount of time to get their own money pushed into that department.

I am sure there are no financial woes. We would have seen cut jobs and a lot more hiding if there was.
 
Hardly a big deal, was discussed in the Starcitizen sub yesterday. The bank they've borrowed from (don't think we know how much) only deal with the wealthy who have at least £1,000,000 in tangible assets. IMHO it's a repeat of last years drama where CR had to come out and explain economics to some backers who were getting their knickers in a twist.

I doubt Coutts would have touched the business if there was a hint of trouble tbh. Interestingly this is only the UK branch, not the US based LLC that's getting the loan.

I do wonder if they've enough cash to complete though it has been a bit of a mystery to me for a couple of years how they could afford paying so many staff. I know in the UK they got a ton of help from the government in grants etc and that's why they based F42 here but elsewhere I doubt it was as much.
 
You don't practically mortgage all your assets and the uk studio if there wasn't a hint of financial trouble.

It's nothing like the apple situation.

It will be interesting to see how this unfolds.
 
Edit: beat me to it ^^^^

I skimmed over all 28 pages of it.

There is some hyperbole on the net about it, for a start its not Cloud Imperium Games who made the loan, Its Foundry 42 Limited, i think thats just F42 UK given the German one is obviously not registered with Company House.

Having said all of that the Bank 'Coutts &Co' now effectively own F42, all of their assets and IP is collateral, thats very strange, normally the bank wouldn't ask you for your house as collateral when you go to them for a loan, not unless its a very big loan and they think you might not find it so easy to pay them back.

I don't know, but on top of the constant delaying it doesn't sit well with me.
 
humbug said:
Edit: beat me to it ^^^^

I skimmed over all 28 pages of it.

There is some hyperbole on the net about it, for a start its not Cloud Imperium Games who made the loan, Its Foundry 42 Limited, i think thats just F42 UK given the German one is obviously not registered with Company House.

Having said all of that the Bank 'Coutts &Co' now effectively own F42, all of their assets and IP is collateral, thats very strange, normally the bank wouldn't ask you for your house as collateral when you go to them for a loan, not unless its a very big loan and they think you might not find it so easy to pay them back.

I don't know, but on top of the constant delaying it doesn't sit well with me.
Click to expand...

I just had a thought, given its F42 UK who made the loan, NOT CiG, the collateral for the loan might be against the Squadron 42 game, not Star Citizen.

Chris needs to come clean and clear to us about this, we are his share holders.
CiG are locking or deleting any topic on it they can, which IMO is the wrong thing to do, they need to tackle this head on with us.
 
Does it surprise anyone? He maybe ambitious, passionate etc... but Roberts has never come across as a guy who has a handle on the bigger picture. Constant delays, constant feature creep.

I hope as much as anyone the game is a huge success and lives up to the targets it's set. I've invested enough myself.

I can't help but think his fat kid in a sweet shop approach could cost them.
 
humbug said:
I just had a thought, given its F42 UK who made the loan, NOT CiG, the collateral for the loan might be against the Squadron 42 game, not Star Citizen.

Chris needs to come clean and clear to us about this, we are his share holders.
Click to expand...

Probably right but it's more less than desirable PR and surely both SQ42 and Star Citizen share majority of their assets. He needs to come out and explain.
 
remember the loan was likely at 0.25% pretty good going and if funds are needed that's about as good as you'll get anywhere. The currency market with us paying in dollars also impacts positively just now.

edit: not sure how the American system works but I'd be surprised if CIG US didn't have some form of loans.

like I said it's a repeat of last year's drama
 
Well, we didn't need Star Marine, i think that was a mis-calculation, i think they over estimated how many wanted that and how many would have been interested in a Space First person Shooter, they thought Star Marine would be a good investment and it was in fact a waste of money and dev hours.

Having 50 Different ships that are almost useless because the PU has been in its infancy for two years IMO is also a waste of dev hours that could have been spent on getting more game ready sooner.

Separately from that CR wanting to make the 'best space game ever' is all well and good but there is a reasonable stage and time at which you lock in what it is and make the damned thing, i do get the impression they are still even now not committed to an end goal. endlessly pontificating like that is very expensive in both monetary and time.
 
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star marine was essential regardless of popularity as they didn't have a Scooby how to pull it off but imho they have. they need PU elements soon especially core game mechanics like mining and jump points.
 
lol at the internets, read about this a few days ago, took longer than I thought to hit reddit/here etc and the doomsayers to start up.

I'll go out on a limb a say 90% of the country has never heard of said bank. There's a valid reason that 90% hasn't heard of said bank too, Because 90% of the country ain't got enough money/assets.

There's many reasons why companies take loans out, and to be frank, if they were in trouble, Coutts & co wouldn't be anywhere in sight of them.
 
Take Wise out of that ^^^^ :P

Anyway yes companies take out loans, they all do at some point and there is no reason why F42 should be an exception to that rule but with everything they are and own as collateral?
 
Yes you regularly put your biggest studio and probably the majority of your assets on a loan if all was rosey.

People will defend it through the teeth, people will criticise everything they do. This will run and run if CR doesn't nip it in the bud and explain the reasoning.

The whole lots of companies do it just doesn't cut it as a defence.
 
Doesn't need a defence, this is the garbage we have every year and every year CIG explain it.. then people forget.

We can theorycraft all we want what the loan is for, it may not even be to do with funding the studio.
 
Moving on to my Hanger...

Thinking about what mechanism actually powers the scissor jack design for my Hanger lift posted here i thought i would use hydraulic rams to push on the arms, as it turns out that's really complicated, in 3D they are separate components without physical properties, for example the body of the ram doesn't follow the ram its self as it moves up and the angle changes, it doesn't know its there so the rod clips through the body as it just stays were it is, i could give all these objects physical properties so they can see eachother and bang into eachother but that really isn't going to work as the engine just doesn't behave in that way, what would actually happen it is there would be a lot of glitching and shenanigans, i would need Mark from Bugsmashers's brain to pull that off and i'm not him, not by a long way.

So i'm going to make things a little easier for myself, i'm using this Toothed push bar design, that way it is the only thing that moves and only along one axis, up and down is taken care of as i linked it as a child to the main bar, that also forces a left to right movment and thats where i need to transfer the power, or the appearance of it being pushed up from that point, like a motor, which can actually be hidden.

toothclamp.png
 
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