Anyone else concerned about MSG’s future?

Discussion in 'General Discussion' started by jamesleegte, Apr 4, 2022.

  1. Lazza

    Lazza Registered

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    I don't even know it.

    The rest of my post wasn't meant as a response to anything you'd said.
     
  2. Paul McC

    Paul McC Registered

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    Fair enuff. But yeah i've heard the doomsday RF2 story before and it all turned out to be fine, so hopefully it will be, cause its been one hell of a year for the old girl! As for the film, its brilliant, got loadsa good quotes, an old Jag, and a great sound track!
     
  3. mister dog

    mister dog Registered

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    Rf2 is a good all round product nowadays, and post pandemic (which was actually a blessing for the game) + with the recent upgrades it grew a lot in popularity online. Whatever happens with MSG for sure someone will invest in the studio to keep the franchise going. I'd say the game is in a polished state already after all these years, so all a potential investor outside of MSG needs to do is to produce regular DLC content and that will sell regardless. No need to overhaul the entire game anymore which saves costs.
     
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  4. Wayne Hutchison

    Wayne Hutchison Registered

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    If you're racing the AI you can set up your own series, paint the cars the way you want, create your owner driver profiles with different characteristics for each driver, etc. Now iR probably doesn't have all the cars or all the tracks for WEC or BTCC but it has some of them.
     
  5. gianluca

    gianluca Registered

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    https://www.icicidirect.com/ilearn/...en-a-company-gets-delisted-from-stock-markets
    That would take a year. :D
    I'm sure that the players would prefer to have this already in game and be able to use it in multiplayer. That's why they are wishing bad luck to RF2 these days. They don't even consider that Codemasters, EA and others publishers may be interested in the licenses for the american series. They think that iRacing will get them easily and for cheap (in the case that they will be released from MSG). :p
     
  6. GTClub_wajdi

    GTClub_wajdi Registered

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    fuck me!!
     
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  7. shiet

    shiet Registered

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  8. TrigMan59

    TrigMan59 Registered

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    Thanks for the update. I started to read the report and got a headache. It's a lot of financial and legal double speak that accountants and lawyers get way overpaid to write. Does anyone know, bottom line what this report will mean for the future of Studio397 and rFactor 2?
     
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  9. trichens

    trichens Registered

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    Initially buried away in the Form 10-Q...

    The factors described above, in particular the available cash on hand to fund operations over the next year, have raised substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Accordingly, the condensed consolidated financial statements have been prepared on a basis that assumes the Company will continue as a going concern and which contemplates the realization of assets and satisfaction of liabilities and commitments in the ordinary course of business. However, substantial doubt about the Company’s ability to continue as a going concern exists.

     
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  10. Bernat

    Bernat Registered

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  11. burgesjl

    burgesjl Registered

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    Biggest problem is they have $1.8M in cash at the end of the month, and are spending $1.4M per month. Which means they've got 6 weeks to find some investors. They can't even make it to the end of the next quarter, never mind the next year.
     
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  12. pilAUTO

    pilAUTO Registered

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    To say that we have no control over anything is true and therefore we "should" in principle not think about all that.

    But when you are a fan of this fantastic sim, it is legitimate to worry. What fan wouldn't care ?!!!!

    In short, I'm crossing my fingers.

    rFactor 2 is becoming an increasingly fantastic sim to be perfectly honest.
     
  13. Emery

    Emery Registered

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    Remember the old days when Gjon's mantra for ISI was "no debt"?
     
  14. Paul McC

    Paul McC Registered

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  15. Bernat

    Bernat Registered

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  16. Paul McC

    Paul McC Registered

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    I don't really understand it all that much but I just have a hunch that the devs are gunna be ok!
     
  17. pilAUTO

    pilAUTO Registered

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    Yes, and they deserve it.
     
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  18. Magus

    Magus Registered

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    I hope so because for me, no other sim on the market comes close to rF2 for making me believe I am a race car driver :) . I absolutely love the feel and it is the most intuitive and believable from all the games on my sim-racing roster.
     
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  19. shiet

    shiet Registered

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    You expect us to say everything is fine? This thread was always about the problems around MSGM. Maybe it started to spread FUD but I always looked at the company's financials objectively.
    The facts are:
    - they continue to lose money every quarter (-$8.5M in the last qtr)
    - they're running out of money in the next 1-2 months (they only have $1.6M cash left)
    - they couldn't find an investor or borrower for almost a year
    - what assets are you talking about? offices? Market cap of this company is $6M (not with B...). Their offices worth $2M. They only have $1.6M in cash. That's less than the annual salary of 2 software engineers.
    Their licenses supposedly worth $14M (a year ago). If they sell anything then there's no company. They're a software company and not a car maker with factories.
     
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  20. gianluca

    gianluca Registered

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    What?? In what universe a software engineer gets +800.000$ per year?
    Ask S397 lead programmers how much they earn per month.
     
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