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UNDER CONSTRUCTION
[Rant] Hostage NegotiationANN.lu
Posted on 27-Jan-2004 02:07 GMT by Greg Ford260 comments
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There are a group of people, at Amiga Inc, who have decided that their personal reasons are more important than the interests of the company, employees, investors, the customers, and even potential customers, and have ceased any and all effort to involve themselves in anything at all that doesn't directly relate to these personal reasons, even if it means earning an income against it's current mountain of debts. Amiga is being held hostage, and someone's looking to do something about it. The only people that were in any position to remedy this situation were a group of investors who had already lost fortunes in Amiga Inc, and were asked for more money. They were concerned over the money already invested, but told that unless they invested more, they'd never see any returns on these investments ever. The investors didn't like this at all, they felt, exactly like I said, that the small group of people at Amiga Inc, were literally holding Amiga hostage for more money. They did the only thing they could do, they hired Garry Hare to try to restart the company and salvage something for the investors who had already invested large amounts of capital into the failed company.

The problem was, those few at Amiga quickly realised that this was an attempt to get around Amiga Inc's demands for more investment capital, and completely refused to cooporate with Garry Hare, and even going so far as to publicly obfuscate to it's customers Garry's position in the failing company. Garry was instrumental in generating dozens of potentially profitable leads in his three month project that he spent representimg Amiga Inc at tradeshows and technology conferences. Many business contacts and developers became interested and attempted to follow up on these leads, only to be shunned by Amiga Inc who was making it very clear to the investors that they will not be subverted in this way. Either they would invest more capital like Amiga Inc demanded, or Amiga Inc would literally sit on their hands at Amiga Inc and do absolutely nothing, ensuring that the investors money would not produce any potential profits at all, and keeping Amiga Inc in a nonproductive stasis untill such a time when the investors will finally cave in to their demands and give them the investment capital.

To this day Amiga Inc. and the investors are still locked in a standoff, and it appears that neither will give in to the other. The investors are still looking for a way to controll the damage, to get at least a little back from their investment or even wrestle controll as to lead Amiga into promoting it's current technology, while Amiga Inc refuse to both (1) go bankrupt, instead hoping the investors will cave in to Amiga Inc's demands, or (2) try to generate an income, they will not do this as this would be giving in to the investors, who they want more money from.

There is no right or wrong being implied here, but the fact remains nothing will change untill someone gives in. It's quite apparent Amiga Inc believes that it will be the investors who will give in, as they speak quite publically about expecting the next round of funding to be recieved any day now. However I don't know if Amiga Inc realise that, as we speak, the leads that have been generated in spite of Amiga Inc's steadfast resolve to hold out against the investors are being contacted for information about the way in which Amiga Inc has shunned them when they tried to follow up on these leads. I myself have been contacted although I couldn't offer them anything other than telling them Amiga Inc simply refused to follow up on inqueries I've sent them.

All I could gather from these people is that they are determined to do something about the situation. Unfortunately I couldn't offer them much. It would be in my own interests as well for this to be resolved one way or the other as my own plans are in stasis untill something happens as well. Someone has to give. Seeing as how I can't help them much in any way, I'd like to hear from others who might have information that might help the investors in making their case that Amiga Inc is intentionally keeping the company in stasis. I'm not sure if they are preparing legal action or whatever, but to be on the safe side, if you could refrain from posting the details, and instead contact me and I'll give you instructions on contacting the interested parties.

You can contact me at GregFordEmbedded@hotmail.com, and we can start from there. Thank you for your time.

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