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Author Topic: Amiga, Inc. (Washington) changes name  (Read 10803 times)

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Offline AmiDog

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Re: Amiga, Inc. (Washington) changes name
« on: November 05, 2007, 02:32:55 PM »
@Tigger

Quote
Q: Can you state your name?
A: Bill McEwen
...
Q: Is Amiga as we sit here today financially solvent?
A: No
Q: Is it fair to say that its debts exceed its credits?
A: Yes


Quote
Insolvency is a financial condition in which the total liabilities of an individual or enterprise exceed the total assets so that the claims of creditors cannot be paid.


So, we are either looking at an insolvent company, or Bill did commit perjury, in which case he will face up to five years in jail according to US law.