Author Topic: Star Citizen Breaking News  (Read 224821 times)

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4915
    • Smart Speak Blog
Re: Star Citizen - Breaking News
« Reply #465 on: December 12, 2018, 07:50:07 AM »
Yeah, I am working on this atm. In the meantime, I have a series of Tweets. I have to run, so please post the link on /r/refunds if you can

https://twitter.com/dsmart/status/1072861528632766464
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

Judge_dolly_OG

  • Sr. Member
  • ****
  • Posts: 261
Re: Star Citizen - Breaking News
« Reply #466 on: December 12, 2018, 07:58:12 AM »
Yeah, I am working on this atm. In the meantime, I have a series of Tweets. I have to run, so please post the link on /r/refunds if you can

https://twitter.com/dsmart/status/1072861528632766464

Good twitter thread btw.
« Last Edit: December 12, 2018, 08:00:50 AM by Judge_dolly_OG »

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4915
    • Smart Speak Blog
Re: Star Citizen - Breaking News
« Reply #467 on: December 12, 2018, 08:21:11 AM »

Twitlonger thread: http://www.twitlonger.com/show/n_1sqocrf







You could say I called it....




http://dereksmart.com/forums/reply/6682/

UPDATE 2



The statement of capital filing is online

https://beta.companieshouse.gov.uk/company/08815227/filing-history

They sold each share in May 2018 @ 149.63 per share. Chris, Erin, Ortwin sold shares to Infatrade and cashed out, thus taking money out of the company again. Indus & Erloch get a piece of the action to the tune of 17M which goes into the company. That's about 10% of the company sold. Considering their burn rate, that 17M in dark money is probably all gone by now. In fact, that's about 6 months of funding for F42 alone.

CIG11386117,037,021.43
Chris145982,184,298.74
Errin1301194,668.63
Ortwin2601389,187.63

UPDATE 1

https://threadreaderapp.com/thread/1073588553752461312.html
« Last Edit: December 16, 2018, 10:39:03 AM by dsmart »
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

jwh1701

  • Guest
Re: Star Citizen - Breaking News
« Reply #468 on: December 12, 2018, 09:08:27 AM »
Yeah, I am working on this atm. In the meantime, I have a series of Tweets. I have to run, so please post the link on /r/refunds if you can

https://twitter.com/dsmart/status/1072861528632766464

You made it on reddit less than 17mins ago.



dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4915
    • Smart Speak Blog
Re: Star Citizen - Breaking News
« Reply #469 on: December 12, 2018, 09:17:37 AM »
Yeah, nobody pays attention to those lunatics. The real action is in /r/starcitizen and /r/starcitizen_refunds
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

jwh1701

  • Guest
Re: Star Citizen - Breaking News
« Reply #470 on: December 12, 2018, 09:20:50 AM »
Yeah, nobody pays attention to those lunatics. The real action is in /r/starcitizen and /r/starcitizen_refunds

They do provide extra lols but I have never posted once in that the drama not even worth trolling. 

jwh1701

  • Guest
Re: Star Citizen - Breaking News
« Reply #471 on: December 12, 2018, 12:23:51 PM »
Someone spotted that adding up the transferred shares of creators Chris Roberts, Erin Roberts, Ortwin Freyermuth adds up to the 18500 shares transferred to Infratrade Group Corp - which appears to be a new shell company with zero online presence.

I am willing to bet that new shell co is owned by those three.

Nothing would surprise me Ortwin very much reminds me of my mega-millionaire aunt I disowned 15 years ago. Every waking moment is about money and how to take it from others.

McDrake

  • Newbie
  • *
  • Posts: 47
Re: Star Citizen - Breaking News
« Reply #472 on: December 12, 2018, 01:59:32 PM »
Does anyone here read The Confidence Game: Why We Fall for It ... Every Time by Maria Konnikova? Do it and compare with SC
:)
Looks like, we are at the final chapter.
« Last Edit: December 12, 2018, 02:05:19 PM by McDrake »

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4915
    • Smart Speak Blog
Re: Star Citizen - Breaking News
« Reply #473 on: December 12, 2018, 02:26:51 PM »
We are investigating a company called Infatrade which is a company that Chris and Ortwin worked with while they owned Ascendant (before Kevin Costner sued it into the ground). We are thinking that's the company in the list and that "Infratrade" is a typo (intentional?)

https://beta.companieshouse.gov.uk/company/02861107/

https://imdb.com/company/co0293395/

« Last Edit: December 13, 2018, 07:10:08 AM by dsmart »
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

Judge_dolly_OG

  • Sr. Member
  • ****
  • Posts: 261
Re: Star Citizen - Breaking News
« Reply #474 on: December 12, 2018, 03:00:49 PM »
Can't wait to, ah see aah, how ah, Chris is, ah, going to, ah, spin this ah one.

Maybe Sandi will ask him some tough questions again?

Caveat Emptor

  • Newbie
  • *
  • Posts: 21
Re: Star Citizen - Breaking News
« Reply #475 on: December 13, 2018, 12:08:18 PM »
Anyone who wants to learn more about offshore tax havens, how they operate, and why they're used should read a book called 'Moneyland'. It's very informative.

dsmart

  • Supreme Cmdr
  • Administrator
  • Hero Member
  • *****
  • Posts: 4915
    • Smart Speak Blog
Re: Star Citizen - Breaking News
« Reply #476 on: December 15, 2018, 05:24:57 AM »
The statement of capital filing is online

https://beta.companieshouse.gov.uk/company/08815227/filing-history



They sold each share in May 2018 @ 149.63 per share. Chris, Erin, Ortwin sold shares to Infatrade and cashed out, thus taking money out of the company again. Indus & Erloch get a piece of the action to the tune of 17M which goes into the company. That's about 10% of the company sold. Considering their burn rate, that 17M in dark money is probably all gone by now. In fact, that's about 6 months of funding for F42 alone.

CIG11386117,037,021.43
Chris145982,184,298.74
Errin1301194,668.63
Ortwin2601389,187.63
« Last Edit: December 16, 2018, 10:54:50 AM by dsmart »
Star Citizen isn't a game. It's a TV show about a bunch of characters making a game. It's basically "This is Spinal Tap" - except people think the band is real.

Slapmeandcallmegurl

  • Full Member
  • ***
  • Posts: 169
Re: Star Citizen - Breaking News
« Reply #477 on: December 15, 2018, 02:45:01 PM »
But how can they take money out of a company that has no money?

jwh1701

  • Guest
Re: Star Citizen - Breaking News
« Reply #478 on: December 15, 2018, 05:52:17 PM »
But how can they take money out of a company that has no money?

Maybe someone with more understanding can elaborate but it appears they created the shares for pennies on the dollar?
Then turned around and sold them for a substantial amount, I have trouble believing you do not find any of this disturbing. Chris has stated over and over the spigot can be cutoff and he can finish both games so why does he need spend time creating shares and shell companies?

N0mad

  • Hero Member
  • *****
  • Posts: 597
Re: Star Citizen - Breaking News
« Reply #479 on: December 16, 2018, 02:56:04 AM »
Maybe someone with more understanding can elaborate but it appears they created the shares for pennies on the dollar?

Just so you know - I'm not an expert in this area so I'm hoping someone else can explain, but...

Creating shares for fractions of pennies isn't the issue here. That's just how shares are initially created in a new company. The issue is who in their right mind thinks the company is worth anything now? Channelling it through shell companies held offshore is a way to obfuscate the identity of the buyer. That's the issue.

If the companies involved are tied to Chris and Ortwin in some way as well then that raises the suspicion that the source of funds may well be backer money, siphoned from the parent company in the US via these shell companies. There could be a variety of legal ways to get the money into the shell companies: CIG USA could "invest" money into them, they could purchase non existent services from those companies or they could have sold IP to these companies for pence but get the parent company to licence it back at huge expense. None of this will be proven until Discovery reveals the details of CIG's finances!
« Last Edit: December 16, 2018, 03:03:11 AM by N0mad »

 

SMF spam blocked by CleanTalk