Anyone else concerned about MSG’s future?

Bernat said:
It would NOT make sense for Studio 397 to say anything about this. It even does little sense to be talking here about it. It's bussiness and finances totally unrelated to simracing.

This wouldn't probably be such big news if iRacing fans weren't so eager to get their hands on those MSG licenses.
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Yeah, it's not like iR already has NASCAR, Indycar, LMH, Touring Cars, etc. :)
 
Wayne Hutchison said:
Yeah, it's not like iR already has NASCAR, Indycar, LMH, Touring Cars, etc. :)
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I was looking at their website and they seem to have only some cars, but not official licenses, that would come with all the cars of the series, official drivers and teams, liveries and tracks used for the championships.
 
I've seen this today first here and then at Racedepartment. It does sound bad (not that I understand squat about the stock exchange and big business), but I've heard the RF2 doomsday story before, last time was about 6 or 7 months ago when Marcel left the company.

It all turned out to be fine and infact RF2 got even better and the rate of progress sped up! Not only that S397 are not just knocking out content purely to sell off before things go properly south, they are continuously improving core parts of the sim, re-factoring the code, and addressing long standing issues. If they were worried I would'nt expect them to bother with any of that.

And if they do end up needing anyone to save them with this years progress, what I imagine is coming next year and very importantly their inclusion into LFM, I'd say they are now presenting a pretty good prospect for potential interests.

I mean they just released a pretty extensive hotfix to the new build not more than 45 minutes ago! Why bother doing that after this mornings news if it did infact mean the end?

So lets just say im skeptical about RF2 coming to an abrupt end any time soon, infact I think im now off to buy Monza, one of the few tracks ive not purchased yet!
 
Austin Ogonovski in RD comments said:
I would wager a significant sum of money that isi/Studio 397 tried to hire the most experienced minds in sim racing to help them fix their stuff and turn rF2 into what was envisioned a decade ago, only to discover it was either not possible or required a pretty expensive and time consuming re-write. Plans were abandoned.
It's a tough pill to swallow for the lifers, but rF2 is in end-of-life state right now. They have a small crew pushing out content and making sure it's kinda okay for league racing, so the existing customers and eSports outlets can continue to use it.
What you see right now is what you're going to get. It sucks, but the writing was on the wall for years and you had ample time to find another sim to enjoy. You are only torturing yourselves by waiting for it to be finished.
Don't write off games like Rennsport. Be thankful they exist and have a chance to capitalize on what rF2 did wrong.
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I wish S397 had someone like Stefano Casillo onboard: he would have answered this kind of crap in the proper way. Can't stand the guy, costantly spreading bs.
 
we will wait for the 2023 roadmap.
BTCC and rf2 content is lacking for at least 10 more tracks high grade and no FE.
And the night reflection, the AI and the shadows need a big update.
Optimisation too, with 4090 and 13900k, the framerate is not acceptable by night with rain with full max graphics.
By day conditions it's ok.
 
gianluca said:
I wish S397 had someone like Stefano Casillo onboard: he would have answered this kind of crap in the proper way. Can't stand the guy, costantly spreading bs.
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I like Stefano a lot. But I think the shear complexity of rF2, would give very hard time to Stefano as well. rF2 is just in higher level than AC or ACC.

IMO rF2 is at pretty decent state right now and shows great trends at moving forward. rF2 mustn't be finished to be above most if not all of the car simulations, but if it gets indeed finished... then probably it will be pointless to release any future car game and not base it on rf2 engine lol Many sims already are somehow originated from rF1 which is a lot under rF2.

As for Austin, if you want someone who is pro at gaslighting you have to hire him. He is best at mixing up truth with lies in such manner most people would just not know what to believe anymore. Notice his immediate good attitude towards Rennsport, that sim is somehow related to Project Cars, SMS and Ian Bell, isn't it, I wouldn't be surprised if it is.
 
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gianluca said:
What else can you do? S397 probably won't say anything on this reguard, so people can only make assumptions and conjectures, based on what they read on internet. :)
According to the comments to the RaceDepartment article about this argument, S397 is ready to be sold, for peanuts. :rolleyes:
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Well, this latest round of posts got triggered by a "notice of delisting" which leads people like @CeeBee to declare it's all over, and all sorts of commentary all over the place.

I don't know anything about this financial stuff either, but here's what I read in the form 8-K:
  • 3 board members resigned, as a result of (i) disagreeing with MSN on capital raising proposals, and (ii) MSN requesting that they resign due to that disagreement
  • A remaining board member resigned to allow a new board to be appointed (not due to any disagreement with anyone)
  • MSG told NASDAQ they no longer had enough independent directors to remain listed
  • MSG also told NASDAQ they no longer have enough publicly held shares to remain listed
  • NASDAQ told MSG they don't meet the above 2 requirements and have 45 days to resolve
  • MSG advised they are actively seeking new directors and plan to issue additional shares to meet the requirement
That's it.

Does that mean everything is rosy? No. Does it mean the company is doomed? No.

People can read into it what they want, and take guesses about what will happen, and some of them will be right. But even a stopped clock is right twice a day.
 
When a company got delisted from a stock market is not the end of the world. It loses money, sure, but doesn't mean is dead.
Dell in 2013 was delisted and now is worth it twice the billions that was worth it at that time. Maybe the company is doing this intentionally at this point in time, we can't know. Unless one is an accountant and knows everything about this kind of stuff, we can only try guessing and wait to see what will happen. There are too many options that come in play when these things happen.

https://www.statista.com/statistics/264911/dells-net-revenue-since-1996/
Prior to 2013, Dell was a public company, with the bulk of its revenue made through PC sales. In 2013, after falling to a market share of just 10.4% of PC sales worldwide, founder and CEO Michael Dell bought out Dell for 24.4 billion U.S. dollars and made it private for a period of directional shift. In late 2018, Dell Technologies became a public company again. Reflecting the changing demands of digital transformation, Dell Technologies is the leading vendor worldwide both for cloud IT infrastructure and for storage systems.
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I mean, MSG has shareholders who can buy the company if they want, and certainly doesn't need investors to stay alive, because there is also Motorsport Network behind it.
Anyway... we'll see.
 
trichens said:
John Delta has an interesting track record...
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From the October 2022 Consulting Services Agreement by and between Motorsport Games | MOTORSPORT GAMING US LLC | Business Contracts | Justia

John Delta is an experienced operating and financial executive and entrepreneur with experience in enterprises from $2 million to $500 million. His main areas of focus are mid-stage software, SaaS and consumer-facing firms in need of assistance with CFO duties, transaction execution and scaling their finance/operations. Recent engagements include:

1. Principal Accounting & Financial Officer for a Nasdaq-listed company (from July 2020 to March 2022). Led the annual Audit, 10-K and 10-Q filings, and fund-raising efforts. Included in scope of work was developing the annual FP&A/budgeting process. Reviewed and implemented new accounting policies and procedures and SOX compliance.

2. Serves as interim CFO for an Australian Stock Exchange-listed company, with scope including FP&A, treasury management, ASX reporting/compliance and M&A.

3. Served as Interim CFO for a SaaS cybersecurity firm, with scope including setting up the issuer’s Finance function.


Broad consulting, operations and finance experience, including:

● Consulting Associate at McKinsey & Co. and Consulting Manager at Deloitte & Touché.

● Vice President, The Nasdaq Stock Market – John worked in several departments and developed the business plan for, and then ran, the E-commerce group.

● EVP/COO, Hemscott – The firm was a PE-backed roll-up in the financial info space. John led post-merger integration and ops (US, UK and India). He developed the successful exit strategy of splitting the firm and selling the retail unit to Morningstar.

● CFO, DoublePositive Marketing Group – the firm was a VC-backed SaaS offering in the lead gen space. John joined when it had $1M in revenue and led several financings while building the Finance/Admin functions. The firm had a successful exit to a strategic.

● CFO, Edison Worldwide – John restructured operations, sold off assets and closed non-core units.

● Founder/CFO, JJAB Holdings – Ran Finance and Operations for this PE-backed startup in the direct response marketing space. The firm was sold to a strategic acquirer in 1 year.

John holds a BA and MBA from the University of Virginia.
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Paul McC said:
Not at all, I love Withnail & I. One of my favorites!
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It's not "working a quote in" if the words are coincidentally the same.

Just like this notice of delisting doesn't mean the company intends to delist - even if that ends up happening (the outcome doesn't determine the intention).

The mind likes to create a story to make sense of information. It doesn't mean the stories are true.
 
Lazza said:
It's not "working a quote in" if the words are coincidentally the same.

Just like this notice of delisting doesn't mean the company intends to delist - even if that ends up happening (the outcome doesn't determine the intention).

The mind likes to create a story to make sense of information. It doesn't mean the stories are true.
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Eh? Its a line used in Withnail & I wether you ment it to be or not, if its coincidence then fine I don't care, I just like being reminded of the film. You are not a fan I take it?

As for the rest of it I never said anything regaurding wether they intend to delist or not, my mind aint making any stories up either. I know what I think of course though and thats what I said earlier "im skeptical about RF2 coming to an abrupt end any time soon"
 
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