There are still clear and tangible deliverables related to repayment. The core set, miniset as well as other revenue streams that the company currently has, such as seasonal events and market fees, would all go to the SPS DAO until funds + 20% are returned. The more vague deliverables relates to new game mode and feature developments that should add utility for existing assets and SPS. They are left undefined intentionally. We've historically had a problem with the company saying something is coming and then people making reactionary purchases or assumptions about what they think it means or when they think it's coming and then being upset when things may take longer than expected.
In this instance, we have a clearly defined timeframe: 2 years.
We have a clearly defined expense: $4m if contract is completed to term.
We have clearly defined mechanisms to return that investment: Core + mini + other rev streams.
We also have forecasted sales data that shows the team averages above $2m a year in sales and Dave has spent the last several months aggressively cutting expenses to get cost down to roughly $2m a year.
We have a clearly defined incentive structure for the DAO: +20% return.
The rights to the IP is something I've been personally pushing for since we started the whole set funding and profit sharing model with Rebellion. I think it's important for the DAO to know that the rights to the IP cannot be taken away from us if the company were to close, sell or face any kind of forced liquidation. It's not that I expect that to happen, but why not protect ourselves and give ourselves more options?
After many discussions with Dave on this topic, my assessment is that he's being proactive and looking to ensure the company is well funded instead of making reactionary decisions like we've seen in the past. The company is not out of money and if the proposal were to fail, he'd probably just further cut spending which would slow development, but would ensure the company survives.
Myself and others that I've spoken too feel it would be in the best interest of the DAO and community for development to continue at its current pace.
RE: Proposal in Progress