Thread by @dsmart

BREAKING!! VERY BAD Star Citizen news. It's been in the works for some time now, but like the Crytek lawsuit, I couldn't talk about it.

Standby...

So, how does a company that claims to have raised $185M in FREE money - over a period of 6 years - end up teetering on the edge of bankruptcy, and with less than $9M in tangible cash assets?

Standby...

You see, the thing about companies, banks and people doing due diligence is that you just never know who they're going to reach out to.

And we're all 6 degrees removed from the next person in any chain sequence.

So word gets around.

FYI: mutual NDA expired

"Going Concern"

investopedia.com/terms/g/goingc…

This is major enough for a new blog. I already have a title.

Star Citizen - The Dream Is Dead

- loans (US)
- loans (UK)
- No more backer refunds
- Frequent ship sales
- Frequent concept sales
- Cash money grab
- Latest LTI new money fiasco
- Departing top talent
- Replaced by low level cheap talent
- Crytek lawsuit
- Govt intrusion

.....has been leading to this moment.

In time, you will know what it's like to lose.

To feel so desperately that you're right, then to fail all the same.

Dread it. Run from it. Destiny still arrives.