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

[Tigger]

Lo wrote:
hmm, this ann.lu link appeared on one of the Amithlon mailing lists.  Bill fled court, is not healthy,  etc.
Tig and gary_c are posting to it, and I have always respected their opinions.
 

Lo,

Its completely true, lots of interesting information in the court case,  proof for all the naysayers that the things that Bolten, myself and others have been saying about them not paying anyone for over a year, hugely in debt,  no offices etc.   Court case goes to the judge on September 19th according to my read of the documents, though Rich thinks Oct 3rd (which was the original date) .  I was thoroughly disgusted to find out that apparently Bill, Barry (Fleecy) and Randy had sweethearted themselves 500k+ salaries, I think that may well explain why the company had money trouble, and I think their VC guys are really going to be interested in those numbers when this all shakes out.   I mean according to McEwens deposition, over a year of back salaries for over a dozen people plus other debts they currently have is less then the year or so of back salary they owe Fleecy, the equally large number they owe Randy and only about 1/2 as much as they owe Bill in back salary.   Now my guess is that Bills number is wrong and they owe more then 2.2 million.  Since if we deduct known debts (Bolten, Matt, etc) from the 400K or so Bill says they have as debt to the non big 3, and then divide that by who Bill says are still working for them, we get less then 30K each for over 1 year of work.   That sounds unlikely given we have yet to see the salary of  an Amiga Inc employee that makes less then 30K annually.  
         -Tig

[Tigger]

Hammer wrote:

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?

Amiga Development LLC is a wholly owned subsidiary of GATEWAY gentlemen.  Its the company formed by gateway in 1997 or 1998 to handle the patents old and new related to amiga.   Amiga Inc does not in any way own Amiga Development LLC, but you dont need to believe me, google it if you dont trust me.  
     -Tig

[Tigger]

Spidey wrote:
@Tigger and Greenboy

Wasn't this all discussed in one of Ben Hermans interviews or so?
I still remember something about 'If Amgia Inc. goes bankrupt, will Hyperion go on producing OS4?".
The answer was "Yes", because Hyperion then have the rights of OS4.

Spidey,

It has been discussed alot, Bens position basically breaks down to 2 points.

1) He believes that he has a written a bankruptcy proof contract with AI.
2) Even if they contract if overthrown he believes MAI, will aid Hyperion in buying the Amiga rights in the auction of the IP that will probably result after.

I'll answer the points, as I have with him on this forum as well as others.
1) No US bankruptcy proof contract has ever existed, we have a staff of well over 100 US lawyers who work on our contracts, we do business with other companies who have even more lawyers, again, over 99% of contracts become null & void at a bankruptcy, those that don't are usually not for a liquidation (and AI will be liquidated) and show significant income in relation to debt (the 4.0 contract will never show that).   I

2) MAI is real company, with real stockholders, a real board of directors, and despite Ben's stories, not a whole lot of interest in the Amiga market.   Will they sell us boards??  Sure.  Will they give Ben a million dollars to help him buy IP thats really not worth that to them??  No way.  
 
      -Tig
PS There was a post Amiwest thread on this on Moobunny, that had Ben involved if you want to look at that for more info.

[Tigger]

Hammer wrote:
What happens IF the said contract was also linked with “AMIGA Development LLC”?

Ben has repeatedly said his contract is with Amiga Inc a company founded by Bill, Barry & Randy with VC money, not with Amiga Development LLC who was founded by Ted Waite as a subsidiary of Gateway.   Amiga Development LLC, for the most part still owns most of what we think of as amiga, Amino (ie Amiga Inc) has an exclusive license for it.  Hyperion and Eyetech would be in much better straits if there deal was with the Gateway subsidiary.
      -Tig