The people running videogame company 38 Studios apparently knew before moving here they didn't have enough money to finish their ambitious initial project and relied instead on speculative financial projections to run their studio, according to documents recently filed in R.I. Superior Court. Monday's court filings:
Whether the company's true financial picture or doubts raised by some people were communicated to then-Gov. Donald Carcieri or the R.I. Economic Development Corp. board is the central battleground of a lawsuit filed against company founder Curt Schilling and 13 other defendants.
Filings Monday by the state's lawyer show 38 Studios needed a full $75 million from Rhode Island, and then some, to have a chance to succeed. The company netted $50 million from an EDC bond sale. The lawyer, Max Wistow, alleges the shortfall was actively masked.
Prez wrote on Apr 6, 2013, 16:20:
The above is the EXACT quote I was responding to asshole. So how bout you take your douchey attitude and go fuck off and die somewhere, m'kay?
NKD wrote on Apr 5, 2013, 14:47: If RI gave Schilling a check without so much as double checking his numbers, they deserved to lose every penny of it
Prez wrote on Apr 6, 2013, 10:43:NKD wrote on Apr 5, 2013, 21:03:Prez wrote on Apr 5, 2013, 20:41:
and they don't deserve to be out that money because their politicians are morons.
Oh really? Who elected them?
Yes - every politician won by 100% of the popular vote, and there was 100% voter turnout in every election.
NKD wrote on Apr 5, 2013, 21:03:Prez wrote on Apr 5, 2013, 20:41:
and they don't deserve to be out that money because their politicians are morons.
Oh really? Who elected them?
NKD wrote on Apr 5, 2013, 14:47:
If RI gave Schilling a check without so much as double checking his numbers, they deserved to lose every penny of it.
Beamer wrote on Apr 5, 2013, 13:50:
Yes, if Schilling knew that this money wasn't definitely not enough to get them finished yet swore up and down it was then yes, they may have an argument.
But no one can ever truly say how much development will cost.
Hellbinder wrote on Apr 5, 2013, 11:28:
how do you need more than 75 million to make an MMO?
Its total bull.
Hump wrote on Apr 5, 2013, 17:35:
What IS know about Schilling thats been backed by individuals who have done projects with him (sports memorabilia dealers, etc) he is described as a difficult person to work with (another quote "a real prick"). Not sure if that played into this but Im sure it didnt help
Hump wrote on Apr 5, 2013, 17:35:From statements by him and his wife, they appear to have basically lost pretty much their entire fortune on this deal. While he's still making a nice salary by being on Baseball Tonight for ESPN, and there's no need to feel sorry for him, I do find the idea that they're now trying to pin criminal actions on him to be fucking disgusting.
The stories of his financial losses have been called into question. Im sure he got hit hard but depending on which story you read its all pretty vague.
What IS know about Schilling thats been backed by individuals who have done projects with him (sports memorabilia dealers, etc) he is described as a difficult person to work with (another quote "a real prick"). Not sure if that played into this but Im sure it didnt help
From statements by him and his wife, they appear to have basically lost pretty much their entire fortune on this deal. While he's still making a nice salary by being on Baseball Tonight for ESPN, and there's no need to feel sorry for him, I do find the idea that they're now trying to pin criminal actions on him to be fucking disgusting.
"Both the “left” and the “right” pretend they have the answer, but they are mere flippers on the same thalidomide baby, and the truth is that neither side has a clue."
- Jim Goad
avianflu wrote on Apr 5, 2013, 13:17:
On the other hand, Schilling was gambling bigtime with losses imminent, he knew it, and I am fine with him taking an expensive soaking.
NKD wrote on Apr 5, 2013, 14:47:
If RI gave Schilling a check without so much as double checking his numbers, they deserved to lose every penny of it.
"Both the “left” and the “right” pretend they have the answer, but they are mere flippers on the same thalidomide baby, and the truth is that neither side has a clue."
- Jim Goad
ldonyo wrote on Apr 5, 2013, 11:21:
Sounds more like a CYA ploy on the part of the politicians that approved the deal in the first place.
Beelzebud wrote on Apr 5, 2013, 13:44:
Yeah no business leader would ever commit fraud. No politician would be naive enough to believe a sales-pitch involving new jobs in their state.
Beelzebud wrote on Apr 5, 2013, 13:44:
Yeah no business leader would ever commit fraud. No politician would be naive enough to believe a sales-pitch involving new jobs in their state.