Is this thread for real? (AInc has <$100)

[AmiGod]

It's funny.  A few months ago, anything Rich Woods posted about Amiga Inc., and more specifically Bill McEwen would make me laugh at him.  Yes, AT him.  Now, he's just ... plain ... borrrrring.

I for one believe in Amiga Inc.  If that makes me the only person on earth who does, then so be it.

AmiGod
I am Amigan

[meerschaum]

@Khephren

I agree entirely.

If Amiga only has $100 on the bank, let's all get up $50 each and buy the company

If we all gave up $50 (which most of us already have), we might -- and I stress might -- be able to pay Bolton's back salary.

Wayne

[Merko]

Well.. McEwen apparently can't spell the names of his own "employees"
and partners, not even the ones whose names he actually remembers.
Like mr Ben "Hermann" (eg Hermans), "Rudy Fiorito" (eg Rudi Chiarito)
or Jarno "take your best stab at Vander Linden" (van der Linden). The
latter which he thinks resides in "Scandinavia somewhere" (New
Zeeland, the antipodes of Scandinavia..).

[DaveP]

Oh yes, of course, McEwen did the transcript. NOT!

Still, a few errors ;-)

Doh!

[whabang]

Marky_D_Sahd wrote:
If Amiga only has $100 on the bank, let's all get up $50 each and buy the company.  Anyone who contributes can not only run AmigaInc, but will get a free tee-shirt as well! :-D

 :roflmao:

[PMC]

That Amiga have survived four years after paying Gateway $2million for the trademarks whilst simultaneously failing to produce a tangible product or service is quite remarkable.

We are quite used to Amiga (in whatever incarnation) becoming bankrupt in the past ten years, but now that Hyperion have started the OS4 ball rolling, and Eyetech have at least got a platform ready, maybe it doesn't necessarily mean the end of the community as such.

If this sounds defeatist, it is because I ran out of patience with Amiga Inc long ago.  They've not exactly been forthcoming about the true state of their affiars, and indeed it was Eyetech wo took it upon themselves to tell the community that there was yet no OS4 back in 2001.  Frankly, I don't trust the buggers and nothing they've said in the past few months has caused me to change my mind.

[Lando]

PMC wrote:
That Amiga have survived four years after paying Gateway $2million for the trademarks whilst simultaneously failing to produce a tangible product or service is quite remarkable.

It was $5 million according to Peake.

We are quite used to Amiga (in whatever incarnation) becoming bankrupt in the past ten years, but now that Hyperion have started the OS4 ball rolling, and Eyetech have at least got a platform ready, maybe it doesn't necessarily mean the end of the community as such.

If this sounds defeatist, it is because I ran out of patience with Amiga Inc long ago.  They've not exactly been forthcoming about the true state of their affiars, and indeed it was Eyetech wo took it upon themselves to tell the community that there was yet no OS4 back in 2001.  Frankly, I don't trust the buggers and nothing they've said in the past few months has caused me to change my mind.

I think most people feel the same way.

[redfox]

Marky_D_Sahd wrote:

If Amiga only has $100 on the bank, let's all get up $50 each and buy the company.  Anyone who contributes can not only run AmigaInc, but will get a free tee-shirt as well! :-D

 :roflmao:

[Paul_Gadd]

I for one believe in Amiga Inc

You believe and have faith in criminals? if you love the Amiga then fine but cmon supporting scum what has screwed fellow Amigans is just disrespectful.

No wonder they will get away with more criminal activities when so called Amigans will turn a blind eye, cover everything bad up  just because those bastards have the name "AMIGA".

[meerschaum]

Paul, stop talking like an infidel and say 1000 praise amiga's while bowing toward seattle at once, these foreign ideas of 'ethics' just dont have any place in our isolated little world here OK?!?!?  we're talking about  'Amiga' and we dont want your ideas coming anywhere near our zealous little heads and seeing this is just too close to thinking for us!. So be quiet and go make atonement for your thinking, or leave us alone!!!

[Paul_Gadd]

@meerschaum

 :-D Sad but totally true.

[DonnyEMU]

Where do you come up with the $2mill figure sources tell me what they paid wasn't any where near that and remember they "LICENSED" the patents and bought the name. Gateway still owns a lot of the itellectual property and uses it to defend pc designs as far as I know..

[Targhan]

There ya' go!

[B00tDisk]

My prediction about this mess?

Gensei, -sai, -si, whatever it is goes back to the judge in six months, asks for an injunction against Amiga, Inc because their DE integration isn't done yet, puts a freeze on any further products and ####cans OS4.  Of course they can't stop use of the linux boards, but they can just not order any more.

The last OS for the Amiga is 4, and it only runs on old hardware.

To quote the MCP:

End of line.

[Hammer]

Lando wrote:
Amiga Development LLC is a wholly owned subsidiary.  Amiga Inc goes down, it all goes.

Do you have proof that “Amiga Development LLC”’s shares/capital/controling interest are own by Amiga Inc?

How many Commodore or Escom subsidiaries do you know that are still operating?

Depends on the entity structure.  To classify a limited liability entity as subsidiary it’s shares/capital/controlling interest must be own by “Amiga Inc” entity, not by another person (e.g. BillMc).    

The mother entity (think of a central node) shouldn’t be the one that accumulate large liabilities/riskily contracts.  

One can form parallel limited entities e.g.
1st limited entity for employing people (kind’a like labour hire company). (Any employee related liabilities is limited to this entity).
2nd limited entity for trading (any trading related liabilities is limited to this entity e.g. doing contracts deals).
3rd limited entity for critical assets holding entity (e.g. holds critical non-current assets).

All three entities are control by 4th entity (usually a natural person), which is shielded by limited status by these 3 limited liabilities entities.  These parallel entities must not intermingle in relation ownership/shares. A careful manipulation of limited entities can offer some protection against Commodore/Escom style bust.