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Author Topic: KMOS and Amiga Inc Debt Settlement  (Read 10009 times)

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Offline Argo

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Re: KMOS and Amiga Inc Debt Settlement
« on: March 18, 2005, 08:08:26 AM »
Okay, what brought this up now?

Yes, the court ordered Amiga, Inc. to pay Mr. Peck's past due wages. They just need sufficient revenue and capital to do so.

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.
Though assumably the same investors are behind both Amiga, Inc. and KMOS. What their motivations are, beyond profit and recouping their investment, I have not clue.
 

Offline Argo

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Re: KMOS and Amiga Inc Debt Settlement
« Reply #1 on: March 22, 2005, 06:34:21 AM »
Well, the though is irrelivant now KMOS megerd Amiga, Inc. into itself and was renamed Amiga, Inc.  Since Amiga, Inc. was never disolved, nothing has changed. The judgements still stand. What's being done about them, haven't a clue.