Hey guys, did you know that Star Citizen is now completely fucked…for what must be the 57359th time according to pundits. They took out a loan despite having raised more than $150 million in crowdfunding. The collateral is EVERYTHING!
…only that’s not what happened. To quote Keramz:
30 seconds of research showed:
>That’s the Queens bank. You need at least €1,000,000 in tangible assets to secure a loan, which according to Derek CIG doesn’t have.
>The interest rate of the loan is very low, which is why large financially sound corporations do that (you can get a higher return on investment with their liquid assets while finance at the very low rate from the Queens bank). In simple terms if your rate of return is .5% and your loan rate is .25%, it makes sense to borrow cash instead of using your own.
>Derek and Co. do not understand finance because they have never been professionally or fiscally successful enough to be in a position where their assets are used as investment.
>AKA, CIG most likely isn’t sitting on 50 million dollars worth of cash; they have an operating cost and unused founds are used as investment and generate income.
But what do I know. I just googled financial investment and used common sense. I can’t be right on this.
Yet according to all the pundits online (and Something Awful), it’s another nail in the coffin. Worse is seeing this from the “ethics and journalism” crowd. Hell, even that crazy (autogynophiliac) is
putting the kibosh on this shitty journalism from people who claim to know better.
Things like this are why mine and Whatev’s mutual friend call GGers
nGGers…
TL;DR GamerGate’s chosen sons continue to suck at the “ethics and integrity in games journalism” thing, and the Star Citizen loan situation in a nutshell:
To think, me and my friends in
#RetakeMassEffect
are held responsible for all this retardation by an influential sex offender because we had the nerve to ask for something Bioware promised us…