I'm pretty sure the 8 million was an additional sum. 38 was supposed to be able to make the game with the 75 million loan, and has gotten 50 million of it, but the ship date slipped, and there is far more than the final 25 million in monthly burn left, even with 8 million more (which as was pointed out, would end up being…
There is blame to go around for sure, the governor let his emotions show, instead of being circumspect. My contention though is that 38 studios basically put a gun to his head, getting to last million before they approached their main lender, and the entity that had most capital riding on their success. The 8, which would…
That's very informative, but the bit about RI needing to yield capital to a private investor is just not fair. The likelihood of the project selling enough to make back both new investors money PLUS the 100 million RI loan is low (logically, or private investors would have no problems being a 2nd string creditor), so…