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Is it possible that it wasn't personal? That the contract was cancelled because the product wasn't worth it? That the note wasn't extended because he thought
by JackFr 7y ago
Is it possible that it wasn't personal?
That the contract was cancelled because the product wasn't worth it?
That the note wasn't extended because he thought the company was a money sink which would not be profitable? That he thought trying to liquidate the good bits was a better way to get his money, rather than a payment plan from a value destroying enterprise?
That he sued personally because he felt they might be trying to hide assets of the firm?
I could be wrong, but there are other angles to see the picture from.
- ta1234567890 7y agoIt is possible, and I'm hoping that's the case (that it is not a personal issue). Replied to another comment of yours with more detail on why it looks like a weird situation. To add a bit more: our investors, the lawyers that we've worked with so far and even the bankruptcy trustee's team, have all been surprised by the way this guy has been handling the situation and seem to agree that it doesn't make sense to proceed that way in terms of getting a return on his money.
- Baeocystin 7y ago>Is it possible that it wasn't personal? You would be stunned at how often the reasons for events like this are driven by simple narcissism and spite. That's not cynicism speaking, it's reality, and something well worth keeping in mind in any business endeavor.