[Rant] So... where's KMOS? | ANN.lu |
Posted on 19-Mar-2004 11:05 GMT by Dartmouth | 115 comments View flat View list |
Where's KMOS? How come they arn't coming forward and speaking to us? It's been a year and they've said nothing. Why is Amiga Inc doing all the talking like "KMOS will honor all contracts" for them, why doesn't KMOS say this themselves? it doesn't matter what Amiga Inc say, as they don't own the OS anymore, I want to hear from the horses mouth!
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So... where's KMOS? : Comment 44 of 115 | ANN.lu |
Posted by takemehomegrandma on 19-Mar-2004 14:19 GMT | In reply to Comment 30 (Graham_nli): > And what is selling AmigaOS got enough money into Amiga Inc in order for them
> to pay off their creditors?
Companies on the verge of bankruptcy can not sell valuable assets freely (and they can certainly not *give* them away). It has to be ensured that the highest possible price is achieved, so as much as possible of the debts to the creditors can be covered, and this is usually achieved through *public* auctions. Besides, the AmigaOS assets was obviously "sold" already a year ago, and later Bill McEwen testified in court that they had only some hundred dollar or so at their bank account (but he has lied in court on other occations, so ...). And wherever the money from that deal went, it was not to the creditors.
My *guess* is that Amiga Inc didn't get any money from this "deal" at all. The big owner(s?) simply put Garry Hare in charge over Amiga Inc a year ago to clean the mess up; to save what could be saved, and let the rest die as smooth as possible. Now we are beginning to see the result of Mr Hare's work back then. OS4 was simply "moved out" from Amiga Inc to holding company, out of reach to the creditors.
> Amiga Inc aren't bankrupt. Therefore there is no asset stripping.
While not officially bankrupt (which is kind of incredible by itself), Amiga Inc has clearly been *on the verge* of bankruptcy for quite some time, even long befor Garry Hare took over to clean up the mess. |
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