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#76
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Grumpy Old Ork Decker ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 3,794 Joined: 26-February 02 From: Orwell, Ohio Member No.: 50 ![]() |
A-Freaking-Men
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#77
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Shooting Target ![]() ![]() ![]() ![]() Group: Dumpshocked Posts: 1,755 Joined: 5-September 06 From: UCAS Member No.: 9,313 ![]() |
Or speculating about that....oh what was it...that data haven thing......
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#78
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Grumpy Old Ork Decker ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 3,794 Joined: 26-February 02 From: Orwell, Ohio Member No.: 50 ![]() |
Huh? WHat? Nothing to see here, move along now. (The DDH sitch makes me mad)
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#79
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Moving Target ![]() ![]() Group: Members Posts: 104 Joined: 30-August 08 Member No.: 16,288 ![]() |
What does this post from RPG.net's thread mean to the current situation? (I'm not registered there and don't really feel the need to just to ask this question.)
QUOTE
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#80
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The ShadowComedian ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Dumpshocked Posts: 14,538 Joined: 3-October 07 From: Hamburg, AGS Member No.: 13,525 ![]() |
How deep does the rabbit hole go, indeed?
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#81
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Shooting Target ![]() ![]() ![]() ![]() Group: Members Posts: 1,978 Joined: 26-February 02 From: New Jersey, USA Member No.: 500 ![]() |
What does this post from RPG.net's thread mean to the current situation? (I'm not registered there and don't really feel the need to just to ask this question.) Without PACER access on my part, what it would seem to mean is that some of IMR's creditors are filing for Chapter 7 bankruptcy. This is, IIRC, the kind of bankruptcy in which a company is liquidated, not reorganized. It's also the chapter for most types of personal bankruptcy. |
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#82
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Moving Target ![]() ![]() Group: Members Posts: 210 Joined: 15-May 06 Member No.: 8,562 ![]() |
It don't look good, I tell you that...
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#83
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Running Target ![]() ![]() ![]() Group: Members Posts: 1,183 Joined: 5-December 07 From: Lower UCAS, along the border Member No.: 14,507 ![]() |
Huh? WHat? Nothing to see here, move along now. (The DDH sitch makes me mad) Me too (IMG:style_emoticons/default/frown.gif) Is there any chance of this Bull? |
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#84
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Grumpy Old Ork Decker ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 3,794 Joined: 26-February 02 From: Orwell, Ohio Member No.: 50 ![]() |
In some form or another, yes. I just don't know when. It's been out of my hands for a while, though I'm tempted to just throw it up as one bigass RTF document (Hey, it worked for the early Shadowrun Supplementals. Hell, Adam was even nice enough to do the first couple issues as a pure TXT option mainly for luddites like me who were operating on antique computers back then (IMG:style_emoticons/default/smile.gif) ). Bull |
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#85
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Moving Target ![]() ![]() Group: Members Posts: 695 Joined: 2-January 07 From: He has here a minute ago... Member No.: 10,514 ![]() |
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#86
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Moving Target ![]() ![]() Group: Members Posts: 425 Joined: 27-May 09 From: Evil's Nexus Member No.: 17,207 ![]() |
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#87
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Grumpy Old Ork Decker ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 3,794 Joined: 26-February 02 From: Orwell, Ohio Member No.: 50 ![]() |
Without PACER access on my part, what it would seem to mean is that some of IMR's creditors are filing for Chapter 7 bankruptcy. This is, IIRC, the kind of bankruptcy in which a company is liquidated, not reorganized. It's also the chapter for most types of personal bankruptcy. http://forum.rpg.net/showthread.php?p=12042182#post12042182 This is a slightly better link, as it takes you to the trhead rather than just the individual post. Droog on RPGnet has been reporting a lot of the same material as Frank, though this is new and not something Frank posted first. I don't know who he is or where he's getting his information from (Unlike Frank, he's not really waving any flags around, bragging about having inside secret scoops, or making too many baseless assumptions off the information. He mostly just posting things with a short statement and letting it go), but according to him, it's three of IMR's "many investors". Others would be better suited to really analyzing this than me, but basically it just sounds like a move to force CGL's hand a bit, wanting to recoup their investment and get out. IMR/CGL should have the opportunity to respond (as Droog points out) and my guess is that there should be a point for some arbitration and potentially the ability to simply buy out the investors, assuming the money is there. <shrug> Either way, I don't think this will really impact things much anytime soon. This sort of thing takes quite a while to shake down, and we should know the status of the license before then, which is the only thing that really matters to us as fans. Bull |
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#88
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MechRigger Delux ![]() ![]() ![]() Group: Retired Admins Posts: 1,151 Joined: 26-February 02 From: Hanger 18, WPAFB Member No.: 1,657 ![]() |
Mostly my fault.... the final stuff was in late Feb, and I just haven't worked on it. New job amongst other things has pretty much ground me to a halt. I still have my computer upgrades I promised myself I'd install after I finished sitting there waiting for me to finish it |
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#89
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Moving Target ![]() ![]() Group: Members Posts: 272 Joined: 5-April 10 Member No.: 18,416 ![]() |
http://forum.rpg.net/showthread.php?p=12042182#post12042182 Others would be better suited to really analyzing this than me Would love to hear an analysis from Mind&Pen. Would love to hear the official response from JM Hardy. Would love to hear the inside scoop from ketjack. Of course none of the above has any obligation to do anything. As a general question, would the unpaid freelancers also be considered creditors? EDIT: Thanks for the updated link & analysis of the poster. This post has been edited by augmentin: Apr 21 2010, 02:41 AM |
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#90
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Shooting Target ![]() ![]() ![]() ![]() Group: Members Posts: 1,978 Joined: 26-February 02 From: New Jersey, USA Member No.: 500 ![]() |
IANAL, or even remotely trained in bankruptcy law...And this should in no way be construed as legal advice...
But. As I understand it...Yes. However, they'd fall pretty much last in line. |
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#91
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Great Dragon ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Members Posts: 6,748 Joined: 5-July 02 Member No.: 2,935 ![]() |
I think so, yeah. I believe in this case, "creditor" is "anyone IMR owes money to."
[/edit]Bugger. Penta beat me. |
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#92
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Moving Target ![]() ![]() Group: Members Posts: 595 Joined: 12-May 05 Member No.: 7,392 ![]() |
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#93
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Grumpy Old Ork Decker ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 3,794 Joined: 26-February 02 From: Orwell, Ohio Member No.: 50 ![]() |
Ok, so in theory, the Chapter 7 filing may not be that big a deal. More information has been posted elsewhere, and while they're legal documents apparently available publicly if you know where to look, they contain names and addresses and the like, and that makes me really uncomfortable sharing. So I won't. Especially since as far as I know, Wildfire LLC is the only one that's mentioned anything about this publicly (and I'm less uncomforatable talking about a company than I am individuals).
Anyways, long and short of it is that it's WIldfire and two individuals, and the nature of the amounts are a Loan, Services rendered, and Royalties. Wildfire is the Royalties one. The total amount for all three is under $60,000. 60K is a sizable amount, but not insurmountable. So my question is, if anyone knows more about the financial laws, could IMR basically pay them off by meeting their owed amounts at this point, ending the filing, or can the attempt to force the issue through (at which point, if the Wikipedia page on Chapter 7 is to be believed, a mediator steps in, if the claim is judged valid). I dunno, it really seems that my first assessment was the correct one. Basically, some folks attempting to force CGLs hand and guarantee they see some recompense. <shrug> M&P? I think at this point we've determined you're the only one on here qualified to comment on these areas (IMG:style_emoticons/default/smile.gif) Bull |
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#94
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Moving Target ![]() ![]() Group: Members Posts: 272 Joined: 5-April 10 Member No.: 18,416 ![]() |
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#95
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Moving Target ![]() ![]() Group: Members Posts: 272 Joined: 5-April 10 Member No.: 18,416 ![]() |
Ok, so in theory, the Chapter 7 filing may not be that big a deal. More information has been posted elsewhere, and while they're legal documents apparently available publicly if you know where to look, they contain names and addresses and the like, and that makes me really uncomfortable sharing. So I won't. Especially since as far as I know, Wildfire LLC is the only one that's mentioned anything about this publicly (and I'm less uncomforatable talking about a company than I am individuals). Anyways, long and short of it is that it's WIldfire and two individuals, and the nature of the amounts are a Loan, Services rendered, and Royalties. Wildfire is the Royalties one. The total amount for all three is under $60,000. 60K is a sizable amount, but not insurmountable. So my question is, if anyone knows more about the financial laws, could IMR basically pay them off by meeting their owed amounts at this point, ending the filing, or can the attempt to force the issue through (at which point, if the Wikipedia page on Chapter 7 is to be believed, a mediator steps in, if the claim is judged valid). I dunno, it really seems that my first assessment was the correct one. Basically, some folks attempting to force CGLs hand and guarantee they see some recompense. <shrug> M&P? I think at this point we've determined you're the only one on here qualified to comment on these areas (IMG:style_emoticons/default/smile.gif) Bull Also not a lawyer, but while we wait for M&P I have more experience with business to business collections than I care to. In my experience (far out side this industry), usually the contract governs the collections process. I.E. if you fail to pay, we will collect via method X (and usually you have to pay for method X). There are so many alternative methods to collect, all of which would generally have a greater and quicker chance of returning actual money. I.E. mediation, collections agencies, etc. This chapter 7 actions just seems a bit bizarre. Pure baseless conjecture: it seems like maybe there's some bad blood in play. The timing of this chapter 7 action is suspect. In other words, if CGL owes me money, I want them to stay in business so they can pay me. If Topps performs a standard due diligence on the corporation and principal owners (again no idea how this works in RPG industry, but pretty standard for franchisees), they're going to see any liens or bankruptcy actions. This makes them less likely to retain the license, less likely to stay in business, and less likely to be able to pay me. Now, if I hate someone at CGL's guts and I want to see them fail regardless of what it costs me, they I want to get this on the public record for all to see. Heck, some franchise contracts can be instantly voided in the event of a bankruptcy filing. As I said, this is pure baseless conjecture, but at first glance this doesn't pass the sniff test. |
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#96
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Grumpy Old Ork Decker ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 3,794 Joined: 26-February 02 From: Orwell, Ohio Member No.: 50 ![]() |
That was one of my first thoughts as well, but I really want to stay out of baseless accusations and speculation myself, so... <shrug> There may be a lot more we don't know here, on either side of this mess. Hell, maybe it's just something as stupid as "Someone got bad advice from their lawyer". I dunno.
*sigh* 3 weeks. 3 Weeks is how long CGL has to deal with the filing of this. And just over 3 weeks is the license deadline. I guess we'll know more then, one way or another, and we can all stop arguing. (Yeah, right) Bull |
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#97
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Moving Target ![]() ![]() Group: Members Posts: 272 Joined: 5-April 10 Member No.: 18,416 ![]() |
and we can all stop arguing. (Yeah, right) Bull QFT At least we can stop arguing about real life and start arguing about the relative omnipotence of dragons, whether or not a speeding vehicle should be the most effective attack in the game, and if an emotitoy is balance breaking. |
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#98
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Moving Target ![]() ![]() Group: Members Posts: 308 Joined: 17-March 10 Member No.: 18,303 ![]() |
Check online. The places that have it, start around $50 and go up over $100 quick. Low supply and High demand I guess. I have the PDF and an Ipad to read it on, but I collect the books themselves. I was happy to get mine for $35 Uhh...Battleshop still has it listed in stock for $35. It can definitely be found online for cheaper than $50. I just bought it for a friend of Amazon (sorry Battleshop, but it's not like you don't get enough of my business already having gotten three copies through you, I just have lovely free shipping through them) for $25, basically new, less than four days ago. Here it is in the battleshop. Runner's Comp |
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#99
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Running Target ![]() ![]() ![]() Group: Members Posts: 1,139 Joined: 31-March 10 From: UCAS Member No.: 18,391 ![]() |
Um..... maybe they got more stock in. but when I looked Amazon most defiantly did NOT have it. And the 'Amazon sellers' Started at about $45 and went up over 100.
In fact... That's exactly how it is now. I've seen this more than once when it comes up to pricing books. People go "Oh it's cheep on amazon" or something or 'Oh you're crazy you can get it cheaper than that" with out looking. Cheepest one on Amazon right now is a USED one for $45 or new starting at $55. It's BEEN that way for weeks. There's two on Ebay.. for $80 and $99.... People really gotta stop that. |
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#100
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Dragon ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Members Posts: 4,328 Joined: 28-November 05 From: Zuerich Member No.: 8,014 ![]() |
That was one of my first thoughts as well, but I really want to stay out of baseless accusations and speculation myself, so... <shrug> There may be a lot more we don't know here, on either side of this mess. Hell, maybe it's just something as stupid as "Someone got bad advice from their lawyer". I dunno. *sigh* 3 weeks. 3 Weeks is how long CGL has to deal with the filing of this. And just over 3 weeks is the license deadline. I guess we'll know more then, one way or another, and we can all stop arguing. (Yeah, right) Bull I have some sizable experience in collecting - though over here, it's handled by the state - and usually people simply want their money, and threaten to file for chapter 7 or the equivalent suit first. If that doesn't work they then launch the suit in the hope of the debtor not wanting to go down and paying them. In my experience, such suits are launched when the money was not coming, and several extended deadlines had passed. A last warning, of sorts. I'd no call it bad advice either - "hoping they'll get better and then pay me" almost never paid out in my experience, those who agreed to such usually ended up paid last, more likely never. |
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Lo-Fi Version | Time is now: 5th July 2025 - 07:48 AM |
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