KMOS and Amiga Inc Debt Settlement

[Tigger]

Argo wrote:

KMOS are the owners of Amiga, Inc. Only the investors can bring in fresh money/capital. Transfer of money from one company to another, especially if one owns the other is not quite simple. At least in the US. It's one of the reasons Microsoft is a large monolithic company and will try to avoid being forcefully broken up. 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.

Argo, you are pretty confused on this situation.  Nothing in US law prevents the transfer of money of a company to its subsidiary, especially when neither are publically traded.   Once we get into publically traded entities we potentially could have issues, but this isnt the case here.  In addition, this has absolutely nothing to do with Microsoft, in which the case is exactly the opposite of what you are talking about (only 2 of 5 divisions actually make money).
    -Tig

[Tigger]

kgrach wrote:

How do you know this matter was not settled?
Besides it is a matter for the courts not you.

First of all we know it has not been settled because Bolten hasnt been paid (Matt hasnt either).   Its not a matter for the courts unless you believe every bill is a matter for the courts.  The courts decided that Amiga Inc was wrong and owed money to Bolten, Matt and others, now its a bill that is owed by Amiga Inc, and needs to be paid, selling themselves though two companies and then renaming themselves doesnt make the debt go away.
      -Tig