Here's a response from Kenny that was posted on another mailing list
discussing the very same thing.
Michael Yam
www.ytechnology.com
----- Original Message -----
From: Kenny West <[EMAIL PROTECTED]>
Sent: Friday, August 17, 2001 5:56 PM
Subject: RE: PalmGear payments
Sorry to all for the delay in replying here, we have had thunderstorms since
last night which caused power outages here. All is finally consistently back
on now though so here goes....
As many if not most of you know we just emerged victorious from a long and
drawn out (approx. 2 1/2 years!) legal battle with Q Funding/Q ventures. Q
is a VC firm here in the Dallas/Ft. Worth area we were in discussions with
that then ended up filing a suit against us. We won on ALL counts in every
way that was possible. Quite frankly the legal fees for this were incredible
(over $1 Million) and due to the litigation we had been unable during the
last 2 1/2 years to get any outside funding. We are now finally able to do
so and are as quickly as is possible. In fact we have engaged a firm to do
this. Some of their duties are, without the titles, advising in areas that
would be considered COO and CFO type issues. During the last month or so
while we gathered the necessary business, management and financial data on
us for them some of the core areas we had managed have been slowed down. I
can only offer our apologies that this did indeed affect the processing of
payments to some of the developers for software sales at our site. Please
bear with us as they are very close to being done with the items that caused
the delays and we fully expect to be caught up very soon. If you have any
questions please feel free to e-mail me directly at:
[EMAIL PROTECTED]
or Taleisha Taylor (she handles the data entry for accounting) at
[EMAIL PROTECTED]
Again, please accept our apologies for this unforeseen delay and thank you
for your patience and understanding.
As a side note and just FYI for those are not aware though I think most
already are, Q is one of the initial funding companies behind Handango.. :P
Regards,
Kenny West
PalmGear.com
THE One Stop Source for the Palm OS!
http://www.palmgear.com
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