If I remember my accounting correctly, for three years they were operating at a loss regardless of cash assets. This all means nothing of course, but it gives us something to do while avoiding the drudgery of real life
What desperation exactly?There is a sort of desperation about ship sales that has noticeable got worse. It is clear the money spent up to 2016 maybe 2017 was effectively wasted so probably half (They have to redo all of it). I was thinking they would have had a nest egg for getting the game finished ah no. It is weird they sold 10% of the company not unusual and it is usually how the owners get rich so it will be interesting to see if enough funds can be raised to get this finished given their time scales which are notoriously bad they need at least another $100. The shares being sold I have no issues with the piss poor project management so far.....
Warbond is the best decision they ever made, the credit system was heavily reducing new funds. Don't forget this is a for profit company and the buyback system/upgrade system was never designed to be used to grant LTI, just get you the ship; which is exactly what it currently allows.We are spending 40 and getting in 30 and have no cash in the bank. Warbond got introduced and LTI for no warbond has been reduced for existing credits (it is mute whether the annual sale is equivalent i.e. 6 years).