I saw this info, including a non-public letter to their investors.
It declared an intent, yes. BUT lemme say it's "out there".
It does not look like a professional business move. It doesn't look
like it's even in accordance with acceptable business practices.
They didn't file for chapter 13, which companies sometimes use to
restructure debt and stay in business. They filed chapter 7- the
business assets and its whole existence is handed over to a third-party
trustee who liquidates it and uses the cash to partially pay back
creditors. The business is then gone-gone.
Danny
On 12/4/2017 8:39 PM, Jon Elson wrote:
Well, there's an update. Apparently an investor has come in and will
reopen the Tech Shops fairly soon. I think it will be called Tech
Shop2. There will almost certainly be some reorganization of the
business model.
Jon
------------------------------------------------------------------------------
Check out the vibrant tech community on one of the world's most
engaging tech sites, Slashdot.org! http://sdm.link/slashdot
_______________________________________________
Emc-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/emc-users
------------------------------------------------------------------------------
Check out the vibrant tech community on one of the world's most
engaging tech sites, Slashdot.org! http://sdm.link/slashdot
_______________________________________________
Emc-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/emc-users
