On Wednesday 15 Jan 2003 3:00 pm, Myers, Dennis R NWO wrote: > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED]]On Behalf Of Marc > Sent: Wednesday, January 15, 2003 7:15 AM > To: [EMAIL PROTECTED] > Subject: Re: [newbie] Mandrake Financial Problems > > 1/14/03 8:51:57 PM, et <[EMAIL PROTECTED]> wrote: > >Boy, Carroll Grigsby do you _Like_ to be the bearer of ill > > tidings? > > > > I don't know if this is what I would call ill tidings or not. > No I don't think I would call it good news but I am also not > shure that it is bad news. > Look at it this way, it could be a chance for Mandrake to > get out of debt for 50 cents on the dollar maybe 10 cents on > the dollar. Wouldent we all like to do that? Very similar > stuff happened to Chrysler corperation in the 80s and look at > them today. > I have seen similar things happen to other small companys > and then seen them come out of it smelling like a rose. > This could be the best thing to happen to Mandrake in a > long time or it could be a sighn of inpending doom. > I woud not hazzard a guess eather way, only time will tell. > > Just my 2 cents worth > > Marc > > Everybody stay calm and move slowly toward the exits. Just kidding. See the > link for more info > http://newsforge.com/article.pl?sid=03/01/10/2131224 > > Also realize that Chapter 11 is for reorganization and protection from > creditors who could make such demands that a company must close the door. > Chapter 11 would give MandrakeSoft a chance to get in the clear and attain > profitablility. But my bet is on an outside investor. Cheers Dennis M.
I don't know much about how it works, but it seems to me that if Chapter 11 helps them control their creditors, that may be necessary first before a new investor checks in. I read the article up to and including the first reply - then got annoyed about that negative one being sign anonymouse. Looked down the list and found the others were too. Maybe some were not negative - I'll never know because on principle I left. Anne -- Registered Linux User No.293302
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