[News] Amiga Inc. Has Sold AmigaOS Rights | ANN.lu |
Posted on 16-Mar-2004 01:11 GMT by Anonymouse | 124 comments View flat View list |
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Amiga Inc. Has Sold AmigaOS Rights : Comment 101 of 124 | ANN.lu |
Posted by takemehomegrandma on 16-Mar-2004 13:10 GMT | In reply to Comment 98 (Don Cox): > But they are not bankrupt and show no signs of wanting to be.
You put it kind of funny IMHO; "show no signs of wanting to be" :-D
Well, bankruptcy is not a matter of wanting or not! ;-)
OK, I didn't claim that they are bankrupt, however, it's pretty clear to me that they have been *on the verge* of bankruptcy for quite a long time.
> You can be heavily in debt without being bankrupt,
Of course, but their debts are huge (debts that they are not paying), they have no money flowing in since their business has stalled a long time ago, they have been ordered *by court* to pay at least some of the debts, which they haven't done (to the best of my knowledge), and I honestly can't tell how it can be that they still hasn't been put to bankruptcy "by force" a long time ago?! But they are clearly *on the verge* of bankruptcy anyway, and that was my point ...
> and if you are heavily in debt selling some assets is the right thing to do.
As Mr Hermans pointed out, it will be illigal to sell any assets when you are on the verge of bankruptcy, unless it can be assured that it is done in a way that ensures a fair market price, which pretty much translates into "as much money as possible" in cases like this, in order to cover as much of the debts as possible. To meet that demand, this is usually handled through public auctions. |
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