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How does: A source within the company tells us that the company’s shareholders and board last week voted to shut the company down. Become, by the end of the a
by jrmg 14y ago
How does:
A source within the company tells us that the company’s shareholders and board last week voted to shut the company down.
Become, by the end of the article:
Color as a company still has plenty of cash in the bank, which means we’re likely to see another product from it before long.
?
- devindra 14y agoThe company as it is may get shut down, but with the leftover cash it could easily rebrand under another name and a new product.
- jpdoctor 14y agoColor as a company still has plenty of cash in the bank, which means we’re likely to see another product from it before long. Sounds like cluelessness on the part of the reporter: You don't have a board meeting involving the words "shut down" and then decide it was really "pivot" after the fact. The money will first go to any bondholders/accounts-payable, then the remainder back to the investors.