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Author Topic: Was Commodore forced into bankruptcy by the banks?  (Read 5995 times)

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Offline DigimanTopic starter

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Was Commodore forced into bankruptcy by the banks?
« on: September 13, 2012, 04:19:36 PM »
I would like to find out the facts and potential sources of information to obtain these facts.

What I would like to know is did the banks unfairly call in markers for Commodore (perhaps influenced by large shareholders dictating policy) despite CD32 selling quite well and A1200 selling quite well?

Is there any place I can get my hands on financial figures for the tax years 1993-1994 and list of creditors/debtors who may have purposefully demanded settlement and thereby preventing further production of machines for sale during 1994?

With all the zionist/illuminati rubbish floating around (which I don't believe in as detailed in those 200 minute snore-fest youtube documentaries) there may be elements of truth into the fact that the guy with the biggest wallet decides who gets screwed and when. Not saying aliens are on the planet, but I am saying that the US courts were unreasonably lenient on all the **** MS pulled and yet two icons were pretty much crucified in the complexity and legal rows following a premature bankruptcy forced upon them.

You can also read up on how CSG/MOS building was handled too, it may be nothing but to me there is the actions of a vindictive kunt element going on here behind it all hmmmmm
 

Offline DigimanTopic starter

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Re: Was Commodore forced into bankruptcy by the banks?
« Reply #1 on: September 13, 2012, 09:51:27 PM »
By the end ie Fall of 93 to April 94 it was clear to everyone that Commodore in Europe alone was a viable business and this is what bugs me.

The A1200 sold well even on first production run in the UK, many people bought it with no AGA software as such to even showcase the machine. At this time a 386DX 33/40mhz would cost about £1000 here and still couldn't play Super Stardust or Lotus II in equivalent quality to be honest. Sure it played Wolfenstein better but that's just one genre and all the crap you had to ensure with loading DOS drivers high and UMB and god knows what other rubbish I've gladly forgotten about putrid MS OS designed by Sinclair ZX81 lovers.

The point was not only was Commodore a viable business (David Pleasance and Colin Proudfoot? wanted to basically win the bid and run it as a European operation as this was more than profitable enough).

If you look at the deals that were done for Warner's Atari to Jack Tramiel and then look at how they ripped Commodore to shreds and made it an incredibly long drawn out procedure that it effectively killed off the wounded company for any would be buyer you have to ask yourself why?

End of the day whilst turning over they were paying their debts slowly, if you shut them down when even only half the company is profitable you're either doing it for a reason or just have zero financial savvy about the world of business.

It makes no sense, it's like someone telling the bank they have just got a job and need a month more to start paying back the backlog and take up payments and then the bank saying no and repossessing the house and making a massive loss on the sale price of property vs loan amount.

So what I want to know is are there legal factual records I can look at somewhere on the web or request records of for disclosure to put a spot light on this ridiculous situation. The magazine facts are not what I want, I need exact figures and copies of contracts and activated clauses used to shut down Commodore. Only then can we get them looked at with a legal eye and get a legal point of view of "this is standard practise for the 90s" or "this is just insane and makes no sense" that's all. Facts are a powerful thing and well sod UFOs for me if there is something covered up about this bankruptcy it has to come out into the public domain

If anyone knows what happened to the MOS/CSG building with all that EPA bollox it only adds fuel to the fire as to how this was like a firestorm operation of military precision to take out every trace of Commodore.

(yeah I know, slim to zero chance of us finding out but hey it's worth asking on a snowball's chance in hell)
 

Offline DigimanTopic starter

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Re: Was Commodore forced into bankruptcy by the banks?
« Reply #2 on: September 15, 2012, 02:46:56 AM »
OK thanks will have a dig around for this F-20 form on pooglewoogle ta.

I know they voluntarily filed for bankruptcy but Commodore GMBH and UK were profitable businesses in their own right, the way the company was carved up like a thanksgiving turkey was a joke IMO.