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Author Topic: KMOS and Amiga Inc Debt Settlement  (Read 10013 times)

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Offline asian1Topic starter

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KMOS and Amiga Inc Debt Settlement
« on: March 18, 2005, 06:16:59 AM »
Hi
I am confused by statement from Mr Bolton Peck about Amiga Inc debts to him (old court case). He claimed that Amiga Inc had not pay him.

The court had ordered Amiga Inc to pay Mr Peck's salary.
When KMOS take over Amiga Inc, they should bring fresh money / capital.

Why don't KMOS use the fresh money to pay the Amiga Inc's debt to Mr Peck and Mr Fontenot?
It's a "tiny" sum (US$ 117 thousand) for bona fide / good investors.

When investing in an existing company, the investors should know the assets and the debts of the company. All debts should be settled to get a good fresh start.

If KMOS refused to do this, what will happen to new employees of Amiga Inc?
Do they have to sue KMOS / Amiga Inc to get their salary?

Is it possible that someone else (3rd party) hold the money and did not give it to Mr Peck?
 

Offline asian1Topic starter

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Re: KMOS and Amiga Inc Debt Settlement
« Reply #1 on: March 22, 2005, 04:41:22 AM »
>US law does not allow companies to shuffle money around to subsidiaries/child companies at will. Each unit/subsidiary/child company has to float or sink on their own. Companies are not allowed to filter money in to a company they own to keep it afloat when it is experiencing losses

Hi
AFAIK If I am the existing owner / personal investor in the old Amiga Inc, I can create a new holding company XYZ and invest my own money (fresh money) for new shares in Amiga Inc.

Amiga Inc can use this money to pay the debts.

If Garry Hare choose to ignore the Court orders, imagine his reputation:
1. To new / future investors:
What happen if the investor ask for part of the profit and annual report?
Will Mr Garry Hare give the report and the money, if the investor win a lawsuit against Amiga Inc?

2. To suppliers / bank:
What happen if the supplier / bank ask for payment?
Will Mr Garry Hare give the money, if the supplier / bank win a lawsuit against Amiga Inc?

3. To new /future employees / programmers:
What happen if I ask for salary? Will they pay me?
Will Mr Garry Hare pay the salary, if the employee win a lawsuit against Amiga Inc?

Because this matter is related to official court order, sooner or later the investor, supplier, banks, and excellent programmers will find information about this serious problem.
 

Offline asian1Topic starter

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Re: KMOS and Amiga Inc Debt Settlement
« Reply #2 on: March 22, 2005, 12:41:54 PM »
>Pathetic - send e-mail

Hi
I had sent e-mail to Amiga Inc about Linux LiveCD, CeBIT and other matter but no one send any reply.

I do not know if the Mr Peck is spreading FUD or not.
There are several possible scenarios:

1. Mr Bolton Peck had received the payment, but he is a liar and try to deceive Amiga community about the matter. The whole issue is just a defamation attempt.

2. Dr Garry Hare / Amiga Inc had sent the payment, but someone hold it / keep it illegally. Or Dr Garry Hare had sent the payment to the wrong address / account.

3. Dr Garry Hare is not aware of the court order and Amiga Inc debts to its former employees. Perhaps there is a document mixed up at Amiga Inc.

4. Dr Garry Hare try to send the money, but he is unable to contact Mr Bolton Peck and Mr Fontenot.

5. Dr Garry Hare is ignoring the court order.

Dr Garry Hare have opportunities to clear the matter on IRC chat, because I had send the question to MrBot, but apparently MrBot refused to forward my question to Mr Garry Hare.

At the clarification, I hope  Dr Garry Hare will answer the important question, but he did not answer it.

I try to post about this question on "Comment"  in Amigaworld.net but it was deleted (twice)

This matter is very important because this will affect Amiga Inc and Dr Garry Hare reputation.
 

Offline asian1Topic starter

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Re: KMOS and Amiga Inc Debt Settlement
« Reply #3 on: April 02, 2005, 08:08:18 AM »
Is this April Fools or a mistake on Amiga Inc. website or something else?

From Ann.lu (Mr Bolton Peck):

"This registered letter came back undeliverable-it seems the actual residents of that address are an architecture firm called Cross Architecture. A representative from that firm said they had received several pieces of mail for Amiga, Inc. but there is no Amiga office anywhere in that building."
 

Offline asian1Topic starter

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Re: KMOS and Amiga Inc Debt Settlement
« Reply #4 on: April 02, 2005, 01:37:20 PM »
Mr Mike Bouma at Amigaworld.net mention that the REAL address of Amiga Inc is in San Fransisco, CA.
If this is true, why Amiga Inc mention a fake UNUSABLE address in their website?
What kind of company use fake address on their website?
Why don't they provide e-mail address only?

I am also worried about Dr Garry Hare reputation, first the fake business card fiasco, now the fake address.

What happen if Mr Garry Hare send fake data on annual financial report to Investors and fake data on tax return to IRS?
 

Offline asian1Topic starter

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Re: KMOS and Amiga Inc Debt Settlement
« Reply #5 on: April 03, 2005, 06:14:01 AM »
>Fairy tale

Hi
I have NO fairytales.
The Ann.Lu post is from Mr Bolton Peck.

I do not know if the post is a fairytales from Mr Peck or not.

There is a possibility that the fake address is just an April Fools joke from Mr Bolton Peck, but he post it on April 2, 2005.

Where is the proof that Eyetech had sold AmigaOne to KMOS office in NY?
What is the exact address?

Is it possible that KMOS had closed its office in NY, or they use other name or address?

Is it possible that Amiga Inc will occupy the new NY office starting April 4, 2005?