Quoted from iceman44:
Well then you might be surprised Rob. I believe getting the vendors made whole is part of Bill's plan.
He's putting significant $$ in up front to give us all a chance
The other option is he could steal it out of bankruptcy for nothing and tell us to go F ourselves
I told him that's exactly what he should do after reading some of the nonsense but he's not going to let the BS wear him down
I really don't understand any of this. Pintasia has already said that they are taking on zero of zidware's liabilities, yet they are trying to work out a credit deal for existing owners for the love of pinball. If they can do that for the love of pinball, why can't they do it for the JPOP'd vendors as well explicitly?
Also, why couldn't they do exactly all of that by bidding on the assets through bankruptcy court? At least that way, their "License Fee" would be split among the creditors and not go to JPOP, and they would be in the exact same situation where they owned zero of Zidware's liabilities. They could still offer credits and whatever for the love of pinball, they could have secret plans to repay vendors still, everything would look like it was above board.
That first offer looked like nothing more than financing the original 25 MG owners on the backs of screwed RAZA and AIW owners and JPOP'd vendors, with the hope of a profitable backend down the road. The 4 day deadline and 4 year don't sue clause in addition to it coming from JPOP's cheerful voice about his new paying gig just made the whole thing toxic. Some good changes have happened, but the reasoning behind it still seems confusing to me.
So I ask again. What is it about buying the assets through bankruptcy liquidation that would prevent them from doing something exactly like this "for the love of pinball? If it's a cheap as everyone keeps saying it is, they could probably still afford to work a plan for 1 credits if they wanted to, and JPOP wouldn't benefit or be involved anymore. How is that worse than the current "we own zero Zidware liabilities" scenario that might be undone by a single lawsuit anyway?