Drewski

Just saw an interesting note on twitter about this (not sure if it is accurate).

RI has a pop of 1,051,302.

If Curt's company goes under, it would average $106.53 per person to pay for it.

I find it crappy that the general public of RI would have to take money out of their pockets to prop up a millionaire's Adventures in video games.

We get on corporations all the time for their boneheaded investments that are risky and end up losing money; leading to bailouts and such.

Seems RI played fast and wild with their $$ to attract business to the state. Not to mention, as Hebeill pointed out, seems Curt's game idea was a decade late....and apparently a couple dollars short.

shmessy

I wouldn't blame Chafee, however.

Read the previous post's link - - he was certainly shouting from the rooftops about this AT THE TIME - - even threatening to SUE Carcieri if things went bad.

This could get interesting.

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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com

patsfan13

The government shouldn't be in the investment banker business. Shilling should have gone to private investors instead of the tax payers for loans.

As to the business they are hiring people in RI currently according to the website. The initial game has been successful so far in terms of sales. The company is bringing a MMOG out, that is where the real $$$$ is. If they can incorporate the battle gameplay from the SP game there will be very successful and won't have to worry about paying loans off, if they delay too much with the MMOG they will be in trouble.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

Drewski

My post wasn't dealing with blame. Just that waste and bad deals for the taxpayers of RI sucks.

Waste (in a public sense) is what I personally have against some much of what our gov does...but that is a different topic beyond this one

shmessy

If they are hiring and the initial game has been deemed successful in terms of sales, then he is a CROOK for not paying his debts on time without first notifying his creditor (the state) ahead of time.

Your explanation just put him in an even WORSE light as being a public trough succubus.

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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com

DarrylS

This was a vastly unpopular deal from the get go.. and it only gets worse as time goes on. The star power of Shilling with no business experience, was a bad combo from the start.. he had and idea and RI backed him with 75 million dollars in loans..

To think that a video game novice can enter the sweepstakes with players like EA, Nintendo, Activision etc. is pure folly.

This is the legacy of 16 years of Republican Governors who supposedly knew how business worked.. but, apparently did not.

If he was a truly honorable man, would have made the payment out of his deep pockets... and figured it out later.

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"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

Drewski

Agreed Darryl - goose and the gander again. He, from any reasonable estimate, has more than enough coin to cover costs and loan payments.

shmessy

Hence, the title of this thread.

He is a loud fraud.

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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com

Drewski

And a Steelers fan....nuff said

Real World

Schilling is the biggest loud mouth, self absorded, me, me, me guy around. Never liked him, never will. Bloody sock my arse. Most overrated BS in sports history. Some ketchup splattered on a sock is what some say, and while I doubt that's the case, would anyone be surprised if that were actually true? I wouldn't be.


Bingo. The government should be an investor in a business. They shouldn't be involved with them at all for the most part. They are in charge of taxpayer money, and not investment capital.

I heard a report that the problem with the company is cash flow, as opposed to product. I don't how accurate the report is, so who knows, but from what was said, the company has put out a very successful game already, and has a second on the way. The second is where the cash problem rests. The second game is a huge undertaking that is designed along the lines of a WOW, where there is an entire network (or world) where everyone plays in unison. Development is either behind, underfunded, or both. How true this is, and how much spin that is to hide a deeper problem, I don't know. I mention this because they could be hiring, and not paying the loan, because they want to complete the development of this game with whatever funds they have on hand.

The lesson that should be learned here, is that the government shouldn't be an investor in private businesses. Not when it's risk is assumed with taxpayer dollars.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
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