ARK WHERE DID THE ARK MONEY GO?

hi guys Steve here I only cover Arc news

if it's really important but now I find

myself delving into the Realms of

investigative journalism as I've been

given a tip but before I start could you

please like And subscribe cuz it really

helps me out with YouTube thank you I

can't verify this or be sure that it's

correct so consider it a rumor and take

it with a mountain of salt we all

wondered where the hell the 1.3 billion

Ark money went because it definitely

wasn't all put back onto the game

well if you're a snail game stockholder

on your next investor call you might

want to ask if any of the money went

into the failed electric vehicle company

called

Indie so I Googled Indie comma she High

he's a CEO of snail games USA and holy

he's the founder of Indie EV he's

been trying to be the next Elon Musk and

starting up his own Tesla like company I

thought okay maybe she hires a commonly

used Chinese name and it might be

somebody else but if you scroll down to

this article on the verge nope it's him

the founder of snail games wow I bet

that cost quite a few hundreds of

millions and there been multiple

articles been written about it Indie EV

was founded by sheih high in

2017 around 2 years after Ark survival

evolves release in

2015 one of the car's main selling

points is that it had a super computer

uter onet capable of highend gaming and

live streaming plus crypto and

blockchain it added a custom Windows PC

with an i7 processor and an Nvidia RTX

2080 H supercomputer you sure the Virg's

article was a bit scaving it was meant

to sell for

$45,000 and supposedly launched at the

end of

2022 it must have got delayed but said

the top tier indie1 will be the first

vehicle to have an integrated super

Compu on board like what Tesla is

already doing with a Model S then The

Verge goes into computer specs and takes

a piss out of them but in D ev's

marketing wraps hoped that it' be able

to play any AAA game any virtual reality

game and any augmented reality game they

built a prototype with two 15in

touchscreen monitors on the dash one for

the Linux based vehicle system and the

other for the gaming PC the car would

also have a built-in 5G modem EV claimed

the team was about 65 people then later

somebody claimed it went up to around

100 and a South Korean supplier had

already built 12 prototype bodies is a

bit you'll find interesting when asked

what exactly has been funding or this

effort for the last four years Indie

ev's head of operation John Kennedy

declined to say well I could have a

pretty good guess where all the money

came

from

but the startup was founded by a Chinese

mobile game entrepreneur named shei high

court documents and state filing show

who started a company called Snail Games

a little more than a decade ago there

may be reasons why he's not front and

center she and his Ventures have been

sued three times over claims of racist

Behavior poor treatment of employees and

in one case wrongful termination and

wage theft in 2014 one of the top

executiv at snail games USA division

David runion sued the company and she

claiming a Founder discriminated against

non-chinese employees and made

derogatory statements he also said in

his complaint that working with shihi

was extraordinary difficult as he was a

volatile individual who would often make

decisions based on Raw emotions and snap

judgments on another case in one alleged

interaction she told van Amberg to fire

all her her male subordinates and hire

Chinese women because Chinese women like

to shop and are better negotiators

according to the complaint plus alleged

a number of safety code violations for

rest you can read

yourself in September 20122 it was

announced Indie EV to go public on a

NASDAQ as it's to merge and be brought

out by malaka Straits acquisition

Company Limited where Indie will become

a holy owned subsidiary of Malak and the

holders of the outstanding indev shares

will receive shares in malaka valued at

$600 million in addition for holders of

Indie shares will be eligible to earn up

to an additional 20 million shares

approximately $200 million on

achievements of performance Milestones

related to the price of a combined

company's common stock for a period of

150 days after the closing until

December 30 1st

2024 concurrently with the signing of

the merger agreement Mr Hai founder sh

not be shei and chief executive officer

of Indie has signed a subscription

agreement to purchase 15 million shares

in Malika at a price of $10 per share

which would cost $50

million and as's loads of boring stuff

vanet end malaka will be rebranded and

operat as Indie electrical Vehicles Inc

a I like saying

malaka that's reported on there and

there then in October 2022 we signed a

deal with foxcon to build the indie1 Los

Angeles based electrical vehicle startup

Indie EV announced today it signed a

memorandum of understanding with hanhai

Technology Group foxcom that will see

the first Electronics manufacturer build

the first indie 1 prototype vehicles at

its plant in Ohio a memorandum of

understanding with Indie EV marks the

beginning of many more decisions to come

regarding the future of EV Manufacturing

in Ohio said Jerry Haso foxcom Chief

product officer throughout this process

foxcon is confident in its Ohio

Workforce to manufacture quality

prototypes that will help Indie achieve

future success in January when Indie was

present presenting its Crossover at CES

it said it would be accepting

reservations in the first quarter of

2022 and would start delivering Vehicles

fish year that plan appears to have been

changed delays but it will now get

foxcon helped with production the indi1

is a unique vehicle and it demands the

highest quality of Automotive

craftsmanship as well as consumer

electronics manufacturing and

Engineering said Indie EV CEO shei

partnering with fox con the world's

leader in consumer electronics during

this exciting time in their entry into

electric vehicles means for ND ev1

drivers will lead the way into the

future of personal Transit then just as

I was about to release this video today

October the 5th second car company files

for bankruptcy after racking up 26.4

million in debt wow in deev an

electrical vehicle startup company

declared bankruptcy after showing

interest in buying another bankrupt EV

manufacturer's Factory and it's got the

info we've already covered how much it

costs on the supercomputer but after

years of Promise the company managed to

generate 2.83 million in assets while

racking Up 26.4 3 million in debt how

how is that even possible when we

dealing with over 800 million's worth of

shares is somebody going to have to do a

video on where they Indie EV money went

the company is the second electric

vehicle maker in the same Ohio

manufacturing plant that filed for

bankruptcy this year when it goes into

the previous electric truck company that

went bankrupt that was an alleged pump

and dump scheme the plant sold to foxcon

for 230 million in May 2022 foxcon said

the bankruptcies will not impact with

plans to build over EVs and they'll try

and find additional customers our

facility in team in Ohio remain an asset

to our company to respond to the market

demand of either startup or traditional

Automotive manufacturers we want to see

their electric vehicle brought to the

market and it's a shame for the Ohio

Workers foxcon has agreements to produce

fisap pair a small electric SUV and

there's a line about them Lord toown and

indev struggles are not indicators of

our overall EV market and it goes into

how Tesla's doing really well as a sold

850 billion worth of cars now we get to

the employee reviews who actually worked

at Indie let's see what they thought of

a company five out of Five Stars pros

this is a vision of the founder to build

a car of the future Indie one is that

car of the future and the only one for

the future cons like any companies

having ups and downs but in in the end

it was a team that made everything work

that's got to be one of the most

fake reviews I've ever read it

sounds like a company press release and

completely obvious that it's fake

there's no one will ever speak like that

three Stars pros free benefits also free

snacks and coffee cons I believe I laid

off most of the people if not all the

phes are shut off all the equipment was

sold put a fork in it it's done one star

horrible failure of a scam company

indon this guy was a director it says

Pros zero whatsoever the company's full

of crooks and Liars wouldn't trust

anyone I love inside their scam car cons

management from the top down was

horrible and we have no business trying

to make a moving vehicle the car is a

failure that I can't read resks I have

to sign up one star it's still exists

designer Pros free pizzas on Friday if

they still do cons unprofessional hours

and bad leadership two stars good

employees terribly managed the rank and

file employees were incredibly

passionate hardworking and friendly the

health insurance was good cons

unfortunately the majority of other

negative reviews here are accurate

descriptions of a life of Indie EV one

star pinheaded supervisor leads to

detrimental outcome of Team Pros I value

how seriously a company takes social

responsibility and giving back to the

community we frequently take part in I

think charity events cons during my time

working here found a supervisor to be

extremely pinheaded in their approach to

managing the team two stars growing

feeling of frustration against the

terrible and incompetent CEO Pros office

has been purposely constructed to create

a tranquil and stimulating environment

for the staff members cons many

employees dislike the CEO for his lack

of transparency and failure to involve

them in a decision making process ooh

five stars disrupting the EV industry

with Innovative Vision who the hell

talks like that can't they fake it any

better than that at Indie new ideas are

always accepted if you have passion in

what you do and you have an idea it can

be implemented cons startups are not for

everyone especially those that require

structure or certainty I said blame your

employees although in today's economy

not everything do they not know how fake

that looks one star bad management and

liar liar and negative reviews were

removed by HR Pros nothing good about

the company upset the HR and other

management members have the strength to

lie good and cons HR has a terrible

unethical manner which were well known

throughout the company and they continue

to do that to keep and the final one I

can look at one star brutal work and

stress Pros it's a startup company which

possibly has opportunities if you choose

to stick with it cons terribly

indecisive owner makes changes from time

to time leading to work inefficiency and

management blames us for it it I added

all that cuz I wanted us to know more

about shei and the type of company he

runs as is the founder and CEO of snail

games and he has final say with what

happens to Ark and if he has the money

to do all that how the hell is snail

desperate for money in debt for millions

and had to bargain our private server

rights away to n tradeo and does wild

card even know about all this because

they're scraping by desperate for money

while shei is trying to be Elon Musk and

now Indie ev's gone bankrupt shei might

be even more desperate for money so how

will that affect snil games ARA sandard

and R 2 other price is going to go up

and it's going to cost more is it going

to tell wild card to find more ways to

make money in AR sandard and how do you

think this is going to affect our game

positive or negative let us knowing

comments that's why I made the video

warning that snail games might kill Arc

Survivor evolved I'll link it at the end

so you can watch it to know more so yeah

that was a bit of a surprise that they

kept quiet Google it yourself if you

like and see what you find I'll leave it

up to the other creators to investigate

that and see where the money went on

other news now games is starting a

crater ambassador program for Ark the

company chose to help promoter is called

noise it's supposedly linked to snail

games they want creators to sign up and

if you approved you get a steam code for

Arc survival sended at launch I want

participants to complete quests earn

tickets to earn ARA sended Collectibles

I asked them if morals and integrity

would be a problem but I haven't

received a reply yet so I don't fancy

much chances especially after I've made

this video I don't think as much point

for me signing up as I've been

blacklisted from Wild Card years ago

you've never seen me on any Community

crunches have

you H should I try it for a laugh I

wonder if it get you to sign anything

saying you can't be critical of a g game

I wouldn't put it past them and I'm kind

of put off giving my details to snail as

if they allegedly threatened to

Blackmail their own wildcard partner and

what we're going to do about people who

tell the truth about the game this Arc

ambassador program looks like a rehash

of something shei tried before for Indie

EV the Indie innovator program that

never

materialized so what do you guys think

about all this are you surprised he had

a car company on the side do you think

Arc money went over to it and how do you

think it'll affect Ark going forward let

me know in the comments below please

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[Music]

goodbye