[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 86 of 124 | ANN.lu |
Posted by Amon_Re on 16-Mar-2004 09:51 GMT | In reply to Comment 85 (takemehomegrandma): > Nice spinjob gramma, but you seem to be forgetting something, namely, you have no inside knowledge of the deals in question
That's right, but I have general insight to the "big" picture.
So do i
1. Amiga Inc has been on the verge of bankruptcy for very long. The exact time of when Amiga Inc entered "that state" might be a matter of definition though.
Only if & when a bankrupsy is called in/forced upon them.
2. Amiga Inc has lots of creditors, people they own money, former employees, partners, consultants, and so on. They didn't get any money, because Amiga Inc has only some 300 dollars in the bank.
Do you know the situation as it is today at Ainc? Do you know for a fact that none of the creditors have received their due money?
I don't, therefor i will not make any conclusion along these lines untill more comes out
3. Amiga Inc had only one asset of any real value, and that was OS4.
The have/had 2 accets, AOS4 & DE, however, they never *owned* AOS4, thus your reasoning is faulty, the owned some rights about it (to wich extent is unknown to me or you) and they sold those rights to Itec, whom in turn ended up in KMOS
4. OS4 was transferred to another company, possibly for no money at all, and certainly not trough a public auction that is the usual way (the only way?) of setting a fair market value on the assets in situations like this.
This is only valid in the case of a bankrupty.
And (I assume):
5. Amiga Inc is dead, an empty shell, with no mone, no assets and a HUUUGE pile of debts. Bill McEwen and Fleecy goes down with the ship. Their creditors has lost their chance of getting their money?
Or, they have obtained what they wanted from Ainc? (AOS4) We don't know, and pointless speculation is pointless
6. This whole deal could be considered illigal to bankruptcy laws if it would be challanged in court?
Only under a bankruptcy case, which this isn't
> you have no real grasp of the laws involved
Well, I am certainly not an expert like Ben Hermans, but I have actually taken some fundamental law courses in University, and I think that Ben Hermans has a strong point in the text above.
He has, in relation to bankruptcy cases, as it was with Pretory, they filed for bankruptcy, so it would be ilegal to remove accets from it
> you do not know the exact involvements of KMOS with Ainc.
That's right. I'm sure we will find out. What if "KMOS" stands for "Kommunity MorphOS"? Wouldn't that be cool, huh?!
;-)
I've heard afew already, i honestly have no clue what KMOS stands for.
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