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 83 of 161 | ANN.lu |
Posted by bbrv on 18-Nov-2003 12:59 GMT | That is a thought-provoking collection of opinions and posts. I am reminded of this passage (Bill writing now): "Do not give dogs what is sacred; do not throw your pearls to pigs. If you do, they may trample them under their feet, and then turn and tear you to pieces." From our perspective it is hard to imagine that we could be perceived as being so powerful and so manipulative to do some of the things suggested here. In this thread there was absolutely no coordinated effort on our part to do anything. We received an email about the matter from our lawyers in Paris. A couple of hours later we received an email about discussions on IRC channels. We posted. Simple. The depth of ignorance and absence of any comprehensible reason behind some of the posts is nearly tragic. What world do some of you live in? Example, "US Army basics of propaganda for wartime use" -- you think we coordinated that dialogue with Nate? -- are you serious?! On the other hand, some anonymously or forthrightly have made good points. We were certainly not complaining about the management of the Pretory in the last quarter of 2001 when for the first time the Company made a significant profit. All that glitters is not gold. In any case, it is a sad story, which is still fully untold. Anyone in France knows the first journalistic barrages unanswered usually mean that a legal procedure in in process. In this case there are a number of them. There are some long knives out in this situation much more powerful than Raquel and I or Pretory itself. Pretory's main customer was Air France. Air France is primarily owned by the Government. Last year, Air France generated nearly 11 billion Euros of revenue; Pretory nearly 25 million. See the difference.
Pretory is being closed because of a very specific reason, which will not be public for some time, here, or in the French Press. We have decided to publish a book though...;-) It should be ready in a year. Check back then.
Sincerely,
R&B |
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