Is it legal for the auctioneer to imply that someone who does not own—or have in custody—the corporate entity of Amiga, Inc. is selling that corporate entity? How can we contact the auctioneer to urge them to change the wording to more accurately reflect reality?
@billsey
The auction company is required, by federal disclosure laws, to announce that they are selling the assets of Amiga Inc due to the foreclosure procedings by the landlord.
"Fleecy" and Ray's stories once again don't match reality, or indeed even each other. Both seem desperate to minimize the fact that the auction is taking place and that their business assets are gone. We call that "damage control".
I have no doubt that the auctioneer is bringing in additional items for that auction. That is very common practice with auction houses, but the items shown on that auction page (all 50 computers, all monitors, drives, etcetera) were property of Amiga Inc at one point or another. They were all seized by the landlord to cover what amounts to a great deal of debt.
Private bankruptcy is no different. If you have a house and file bankruptcy, the auction company plasters huge "bankruptcy sale" signs all over the newspaper and neighborhood to make sure everyone knows that you are financially irresponsible and not trustworthy with money. Bankruptcy is intentionally a very humiliating process.
That being said, I am not suggesting that AI has filed bankruptcy (before you willingly read that into my comments). I am stating for a fact that their business property was foreclosed and, as it is written on the auction site now, this is black and white, and written in stone.
The fact that no one there (with the probable exception of Ray, "Fleecy" and Bill) has been paid in almost 6 months is a very convincing argument that Amiga Inc is "nearly dead", and I cannot feel in my heart that's a bad thing.
They have no offices
They have no trademarks
They have no honor (re: Bolton Peck/Insurance situation)
They have no employees (they have volunteers)
They have zero credit rating to attract investors or partners.
Furthermore,
DE? Tao
OS4? Hyperion
A1? Eyetech
The "Bill and `Fleecy` travelling circus" showing OS4 on the classic Amiga is irrelevant. While I applaud the valiant efforts of Hyperion and Eyetech to bring a marketable product to bear despite Amiga Inc's bungling, any company or individual stupid enough to give Amiga Inc money today has my sympathies.
I just wish I'd spent the $175 for the plane ticket two weeks ago so that I could go and roast marshmellows over the rotting corpse that is Amiga Inc at the auction.
Wayne
