Posted on 17-Nov-2003 19:18 GMT by bbrv | 161 comments View flat View list |
At today's hearing of the Tribunal of Commerce in Paris a judgment was rendered declaring Pretory, S.A. in bankruptcy and appointing a receiver. The process finally will now begin to transfer Thendic-France's assets to Genesi SARL.
Our situation with Pretory S.A. has been a long and difficult one. In all matters we have cooperated with the French Government and agreed to close the Company in a coordinated and proper manner. Time will demonstrate that we have behaved properly and legally in all respects as shareholders and managers.
In no way will these matters effect Genesi. Finally, we are personally free to devote the time and resources we want to the Genesi.
Sincerely,
Raquel and Bill
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Thendic-France : Comment 36 of 161 | ANN.lu |
Posted by Oppressor on 18-Nov-2003 00:09 GMT | This is like whistling in the dark, isn't it? The news is reported by
BBRV themselves so that nobody else would have to find out, it's quickly
declared good news, and Genesi supporters are instantly nodding about
that it's good news, so that it all makes me suspicious about being not
entirely good news. Thendic being a 100% subsidiary and finally free
to move into bankruptcy all on their own? Sorry for speculating, but
it's BBRV driving attention to this issue, and I'd say they are biased
at least :) |
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