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by iamtom 2738 days ago
Their recently released financial accounting is all the evidence needed to show that not only was Derek Smart right when he claimed in July 2015 that the game could never be made for $150M (they had raised $85M at the time), but also that it could never been made as has been pitched by Chris Roberts.

https://cloudimperiumgames.com/blog/corporate/cfo-comment-20...

Right now Star Citizen is barely a proof-of-concept tech demo, while Squadron 42 which was coming in 2014, is still almost 2 years away from BETA.

After blowing through $200 million of backer money, in May 2015 they sold 10% of the company to an off-shore investor for $46M to continue funding development. And Derek Smart was the first to leak that info as well, and almost a full week before CIG made it public that this was in the works since May 2018 (when Derek Smart first leaked that something was in the works).

http://dereksmart.com/forums/reply/6792/