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 56 of 161 | ANN.lu |
Posted by Senex on 18-Nov-2003 08:58 GMT | In reply to Comment 1 (Senex): To explain my comment that some might call "plauditory": The reaction to this news-item depends on the recipient's knowledge at the moment he's reading it. Of course the whole affair and especially its consequences for the former employees is very, very sad - no doubt. But for those who did know about the trouble with Pretory SA, it's good news then at least that now finally this stuff is history and Genesi can move on. That I, too, am feeling with those now unemployed, that should be obvious, I think. |
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