4 ms·

Here's the court filing [1] describing the circumstances that led up to the bankruptcy. [1] https://pdf.inforuptcy.com/pacer/debke/167122/dockets/2/1-A0D229D2-

• mikikian 10y ago
  Looks like the IP will be for sale soon. "68. Second, the Debtor will pursue a competitive auction and work to close a sale transaction. The Debtor intends to file a sale procedures motion shortly after the Petition Date to initiate that process. The Debtor has received indications of interest from a number of potential buyers of its intellectual property portfolio and believes that its planned 363 sale will realize value from the portfolio. Due to the potential loss of value to the IP if it goes stale, the Debtor hopes to expedite the closing of any transaction. "
  • duskwuff 10y ago
    The real question is whether there's any real IP to be had. Their demo video was faked, after all -- was there any work "behind the scenes" on a functional prototype, or is the portfolio limited to the (now worthless) brand?
    • wmf 10y ago
      Check out the filing; reportedly they spent about 18 months refining the prototypes.