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chomlee

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May 11, 2007
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The company also mentioned a new investor
Based on their track record, who in their right mind would invest in a company that doesn't have a probelm from walking away from the stockholders?
 

Vorador2

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Keeping a CEO in a company that was unable to make a profit and just barely escaped bankruptcy surely will make investing in that company trustworthy, amirite?

 

g00fysmiley

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so while those who were workign there got laid off or new positions at reduced pay hte guy who crashed the ship in the first place gets a new gig at the helm of the new ship probably still making millions... yep it is a fair world
 

teh_chem

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Jun 20, 2012
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"OnLive has had a really rough week."

Really? You call basically (and technically legally) defrauding investors, keeping their money and having zero obligations to honoring their stocks that they were promised when they decided to support your technology, and subsequently walking away from an in-debt situation debt free a rough week? I call it the exact opposite.

I think OL as it is (er, was) sucked for good gaming experience. But I also had high hopes that they'd improve things. It's really disheartening to see what they did, and know that you really can't trust them at their word.
 

Pinhedd

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[citation][nom]Vorador2[/nom]Keeping a CEO in a company that was unable to make a profit and just barely escaped bankruptcy surely will make investing in that company trustworthy, amirite?[/citation]

They didn't "escape bankruptcy", they went bankrupt. Instead of filing for bankruptcy and going through the courts they filed for ABC which allowed them to be absorbed into another company and continue operations. All the shareholders lost their investment and the creditors will get a partial payout from the sale to the new company.
 

rad666

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It's always interesting how CEOs who run companies into the ground are never the ones who end up loosing their job, unlike the now unemployed half of OnLives workforce...
 

alidan

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[citation][nom]Vorador2[/nom]Keeping a CEO in a company that was unable to make a profit and just barely escaped bankruptcy surely will make investing in that company trustworthy, amirite?[/citation]

ever hear of failing upwards... only in the ceo range of big business can that word combination happen.

[citation][nom]g00fysmiley[/nom]so while those who were workign there got laid off or new positions at reduced pay hte guy who crashed the ship in the first place gets a new gig at the helm of the new ship probably still making millions... yep it is a fair world[/citation]

dont forget, he kept stock options and such locked, which he could have unlocked, but the people who worked there were royally screwed over... hard.

 
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