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In January 2020, Pine Microsystems Inc. was dissolved [1] Anyone know if they just closed their US entity and now operate from another country or are they havi
by actionowl 6y ago
In January 2020, Pine Microsystems Inc. was dissolved [1]
Anyone know if they just closed their US entity and now operate from another country or are they having financial difficulties?
[1] https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03928399-27737032 https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03...
- syshum 6y agoFrom this Comment on Reddit https://www.reddit.com/r/PINE64official/comments/g8dqx9/pine_microsystems_inc_in_california_is_dissolved/fonpafp/ https://www.reddit.com/r/PINE64official/comments/g8dqx9/pine... ------ The Pine Microsystems becomes Pine Store Limited. Two reasons on such move: 1. Increasing complexity of business compliance and reporting paperwork when operates in California. Since Pine Store primary business is not in California, no interest to keep continue to have such burden. 2. Avoid legal mafia similar to what happens to Gnome on Q4 last year. Unfortunately, there are a lot of such legal mafias operate in State. This move is not due to financial or politic reason. Pine Store Limited locates in Malaysia and Hong Kong. ------------- Given the state of relations with HK and the US now this may makes things more complex for them as well
- GekkePrutser 6y agon January 2020, Pine Microsystems Inc. was dissolved[7] while Pine Store Limited was incorporated on December 5, 2019 in Hong Kong[8] and store.pine64.org claims to operate under the laws of Malaysia and China. https://en.wikipedia.org/wiki/Pine64 https://en.wikipedia.org/wiki/Pine64 So just an entity move to a more favourable country.