Amico Fun Conversations |OT| What the heck’s an Intellivision Amico? Console’s leaky dev portal offers hints

[AaronMT]

 

[FerrisBueller]

The Switch is a "rape console"? Excuse me?

Click to shrink...

One of the big things Tommy has been going on about since he first started talking about the Amico is how many games with rape and nudity there are on the Switch.

https://atariage.com/forums/topic/288558-intellivision-amico-tommy-tallarico-introduction-qa/page/560/?tab=comments#comment-4514932

https://atariage.com/forums/topic/301105-independent-amico-discussion-thread/page/11/?tab=comments#comment-4449165

https://atariage.com/forums/topic/288558-intellivision-amico-tommy-tallarico-introduction-qa/page/267/?tab=comments#comment-4447648

https://atariage.com/forums/topic/288558-intellivision-amico-tommy-tallarico-introduction-qa/page/525/?tab=comments#comment-4508574





He's said it many, many times, that's a tiny selection.

 

[Dancrane212]

 

[FerrisBueller]

Links for anyone that doesn't know what we're talking about.

Reddit - Dive into anything

www.reddit.com

Reddit - Dive into anything

www.reddit.com

There are some more examples uncovered in the comments, too.

So watching through this, even if we put aside the fact that they've stolen artwork, this was planned to be the first big gameplay showcase of a game that they presumably thought was ready and, like we all expected, there really isn't much to it. Spacewar! was more complicated than this. Despite this, they've saddled the game with three separate control systems that the player seemingly has to choose each time, two of which require use of the touchscreen to replicate twin-stick shooting, because the Amico controller just doesn't have the controls they need to do this most basic of games properly.

Even worse, despite the total lack of complexity it's not running smoothly. It's something like 40FPS maybe. If Amico is struggling with this then it'll struggle with virtually everything.

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Yeah. I didn't watch all of it for obvious reasons, but the bits I skipped to didn't look particularly appealing. The shockwave or whatever it's supposed to be looks very weird. It all looks like various parts thrown together as one rushed thing, it doesn't look cohesive with a dedicated vision or anything.

 

[Neuromancer]

I still do not understand half of what is going on here, should I wait for a McMuscles or a into the rabbit hole video? or is there already a video about thid whole Amico journey?

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This is a good Cliff's Notes version:

The New Gaming Console That's Become A Giant Car Crash, Explained

The Intellivision Amico might finally come out, but will anybody care?

kotaku.com

I think the only thing it's missing is recent game footage featuring stolen art assets and another delay into 2022.

 

[FerrisBueller]

Tommy's audience and reach has now gone from tiny to minuscule

 

[FerrisBueller]

Reddit - Dive into anything

www.reddit.com

Oh, if you click More it has their financials
.

Very interesting. As of last financial year-end they were $8.7m in debt with a $3.2m loss for the year and $428k cash on hand.

They made $40k revenue in that year, and $136k the year before, so pre-orders and physical game sales have been, uh, not great.

The fundraising docs have a few more nuggets of info too:

• RRP will be $250 to $350
• Launch to start within 6 months.
• Manufacturing 2,000 to 5,000 units per month.
• Confirms all games will be NFTs.
• Only 15 games at launch, including the 6 pack-ins.
• Tommy is only on $96k (he got a raise in 2021), the rest is stock options.
• John Alvarado got a paycut ($18k less) in 2021.
• Many of the people used in their advertising are not employed by the company ($0) and only "work" 15 minutes per week.
• Their Chief Marketing Officer is on $152k - what does this person do all day?
• They paid $1.35m to Ark for manufacturing but they had a contract dispute and may not get it back.
• Their auditor issued a "going concern" opinion with "substantial" doubts that they will succeed as a business and will be unable to continue beyond this year without additional financing.
• They have $3.1m in loans from board members, and are paying 10% annual interest on a quarter of those (and $1.1m interest is accrued and unpaid), plus $1.6m in promissory notes at 5% interest.
• They need a LOT more money, at least another $5m on top of the $5m they want from this - they will be doing another fundraise even if this one is successful (Reg D next time).
• While Tommy is the largest shareholder, he does NOT own a majority - only 28.8%.
• Tommy lied when he said there was tens of millions of dollars from big outside investors. The bulk of the money has been director loans and the crowdfunding, besides that there was $3.2m in convertible notes in 2021 (possibly the Republic funds?) and $3m in equity (the bulk of which was in mid 2019).
• "Based on current fundraising strategies, it is estimated that the company can operate until July 2022 without generating any revenue."
• Only planning to make 1 game every 2 weeks going forward.
• They have prepaid some components and the board will offer a line of credit (terms undisclosed), and hoping to get some lines of credit from manufacturing contracts currently being negotiated.
• Trying to raise $10m from venture capital firms (guessing this is what Delaware was about - sounds like a buyout), which is the amount they need to successfully launch.
• "If no other sources of capital are raised and if only the minimum [$10k] is raised as part of the CF offering the company would only have operating cash for one to two months."
• If they raise $5m from this crowdfund, it would only "fund the company for approximately 7 to 9 months".
• LOL Sudesh loaned them $675k on horrible terms - they need to pay him $100 PER AMICO SOLD (all the preorders!) until paid back, PLUS a $202k fee.
• Heh their $30m company valuation is based on a 15x ROI.
• Up to Oct 2021 $9.5m was spent on R&D (h/w + s/w).

Click to shrink...

 

[Turd Ferguson]

Another bombshell story from Sam

Intellivision asks fans for more money, reveals massive Amico debts

Latest fundraising round requires Intellivision to list over $8M in debt, other warnings.

arstechnica.com