[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 98 of 124 | ANN.lu |
Posted by Don Cox on 16-Mar-2004 12:39 GMT | In reply to Comment 79 (takemehomegrandma): "So Amiga Inc, a company that at that time obviously was "on the verge of bankruptcy" transferred (sold?) it's only asset of value to another company? Was it sold through a public auction to make sure they got the highest possible price to cover their debts? Or was it simply transferred for no money at all? This could IMHO be obvious asset stripping that "the main purposes of bankruptcy law is to prevent"."
But they are not bankrupt and show no signs of wanting to be. You can be heavily in debt without being bankrupt, and if you are heavily in debt selling some assets is the right thing to do. |
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