Star Citizen: Chris Robert`s new space sim (the Wing Commander guy)

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rivethead

Platinum Member
Jan 16, 2005
2,635
106
106
So is this thing playable by now?

Your mileage may vary. I haven't been able to get decent framerates consistently for the past several patches. But the 3.0 patch (coming soon) is supposed to have some improvements in net code.
 
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Newbian

Lifer
Aug 24, 2008
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TechBoyJK

Lifer
Oct 17, 2002
16,701
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https://robertsspaceindustries.com/...e-uk-tax-rebate-advance-for-foundry-42/277779

Turns out the loan is just an advance on a UK guaranteed tax rebate that CIG has already been certified to receive, and the 'farm bet' was limited to UK assets revolving around SQ42 and has nothing to do with Star Citizen as a whole. The UK government would have to become insolvent in this matter and withhold an obligation to CIG for CIG to fail to repay the loan, and the amount loaned is well within their capacity to repay with or without the rebate.

We have noticed the speculations created by a posting on the website of UK’s Company House with respect to Coutt’s security for our UK Tax Rebate advance, and we would like to provide you with the following insight to help prevent some of the misinformation we have seen.


Our UK companies are entitled to a Government Game tax credit rebate which we earn every month on the Squadron 42 development. These rebates are payable by the UK Government in the fall of the next following year when we file our tax returns. Foundry 42 and its parent company Cloud Imperium Games UK Ltd. have elected to partner with Coutts, a highly regarded, very selective, and specialized UK banking institution, to obtain a regular advance against this rebate, which will allow us to avoid converting unnecessarily other currencies into GBP. We obviously incur a significant part of our expenditures in GBP while our collections are mostly in USD and EUR. Given today's low interest rates versus the ongoing and uncertain currency fluctuations, this is simply a smart money management move, which we implemented upon recommendation of our financial advisors.


The collateral granted in connection with this discounting loan is absolutely standard and pertains to our UK operation only, which develops Squadron 42. As a careful review of the security will show and contrary to some irresponsible and misleading reports, the collateral specifically excludes “Star Citizen.” The UK Government rebate entitlement, which is audited and certified by our outside auditors on a quarterly basis, is the prime collateral. Per standard procedure in banking, our UK companies of course stand behind the loan and guarantee repayment which, however, given the reliability of the discounted asset (a UK Government payment) is a formality and nothing else. This security does not affect our UK companies’ ownership and control of their assets. Obviously, the UK Government will not default on its rebate obligations which will be used for repayment, and even then the UK companies have ample assets to repay the loan, even in such an eventuality which is of course unthinkable.


This should clarify the matter. Thank you.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
https://robertsspaceindustries.com/...e-uk-tax-rebate-advance-for-foundry-42/277779

Turns out the loan is just an advance on a UK guaranteed tax rebate that CIG has already been certified to receive, and the 'farm bet' was limited to UK assets revolving around SQ42 and has nothing to do with Star Citizen as a whole. The UK government would have to become insolvent in this matter and withhold an obligation to CIG for CIG to fail to repay the loan, and the amount loaned is well within their capacity to repay with or without the rebate.


This is spin. The bank owns all of the ip.
 

bbhaag

Diamond Member
Jul 2, 2011
6,761
2,139
146
Your basing that on what exactly? The contracts and promissory notes you've read that CIG UK signed or the rumor sites and reddit? I'm guessing the later based on your posting history regarding the development of this game.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Your basing that on what exactly? The contracts and promissory notes you've read that CIG UK signed or the rumor sites and reddit? I'm guessing the later based on your posting history regarding the development of this game.

It's based on dreams.
 

aigomorla

CPU, Cases&Cooling Mod PC Gaming Mod Elite Member
Super Moderator
Sep 28, 2005
20,882
3,230
126
This is my official warning to keep stuff not relating to game play out of this thread.
There is another thread for all the other drama you guys wish to talk about.


Moderator Aigo
 

rivethead

Platinum Member
Jan 16, 2005
2,635
106
106
Yeah, this week's AtV was extra special. I can't get over how big that Reclaimer is. And the procedural planetary tech.....they continue to refine it even beyond my wildest expectations.

Now the $150 million dollar trick is: getting it to work in a game build with thousands of players online.
 

Seba

Golden Member
Sep 17, 2000
1,497
144
106
Latest Schedule Report has the Evocati aim dates between July 20th and August 3rd.

Aim dates for 3.0.0 going live: August 21-25 (right during Gamescom 2017).
 
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