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Games => Star Citizen => Topic started by: FredBloggs on June 01, 2020, 07:10:47 AM

Title: Been a while, but was Derek Smart wrong?
Post by: FredBloggs on June 01, 2020, 07:10:47 AM

I've just checked back into this forum since being away for ages.

What happened to the "so called" ELE?

Fred.

Title: Re: Been a while, but was Derek Smart wrong?
Post by: dsmart on June 01, 2020, 07:50:16 AM

See "The Extinction Level Event" blog below. Specifically the "THE EXTINCTION LEVEL EVENT (E.L.E)" section where Chris himself declared that the game pitched couldn't be made. That solidified my statement regarding E.L.E that's still playing out. And we now know from their own public financials, right up to the $46m + $17m bailout, they would have gun under by now. Funny enough, their own financials showed that as per the "90 Days Tops" comment, I was right - this whole time.

http://dereksmart.com/2015/07/star-citizen-blogs/

Title: Re: Been a while, but was Derek Smart wrong?
Post by: FredBloggs on June 01, 2020, 08:03:27 AM

Thanks.

ikr. The financials are very suspect. I hope the case would go to Discovery, but I guess that's not gonna happen now. Maybe the FBI will get interested ;)

Title: Re: Been a while, but was Derek Smart wrong?
Post by: Aya Reiko on June 07, 2020, 10:18:37 AM

FBI?  Not a chance.

IRS?  That might be more interesting...

Title: Re: Been a while, but was Derek Smart wrong?
Post by: krylite on June 07, 2020, 02:57:17 PM

The FBI has more resources and a history of doing corporate or individual ponzi investigations. If not the FBI, then maybe at least the FTC which has also done investigations and subpoenaed discovery of some scams.

Title: Re: Been a while, but was Derek Smart wrong?
Post by: dsmart on June 12, 2020, 12:06:36 PM

Depending on how the whole thing collapses, only the FTC is likely to get involved. And if some investor sues, well that too could have repercussions.