Scout Bankruptcy OFFICIAL

There are a LOT of people smarter than me on here, what does this all mean?

https://thestreet.com/story/13931921/1/scout-media-can-use-bankruptcy-loan.html

One paragraph actually makes it sound like someone could go in and buy Dawgman if Kim cashed an emergency check:

"Wiles gave Scout the green light to make about a $750,000 critical payment to its website publishers at the end of the month. The caveat is that if they cash their monthly checks, Scout's publishers will consent to having the websites they run be assigned to whoever purchases them at auction."

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Comments

RaceBannon

We should buy Dawgman at auction

I volunteer to evict them

backthepack

I pledge my 10 dollars of christmas money to this effort.

dongman

Scary bankruptcy filing

From their files....

"Scout faced particular difficulties out west where food per diem, specifically money allocated for Nachos and nacho toppings surpassed 500,000$ annually"

Meek

why would Scout give the publishers a check? I thought Scout worked for Kim.

PurpleJ

CFetters_Nacho_Lover

Scary bankruptcy filing

From their files....

"Scout faced particular difficulties out west where food per diem, specifically money allocated for Nachos and nacho toppings surpassed 500,000$ annually"

You know what this sounds like? FREE FUCKING PUB!!!

DerekJohnson

It's sad to see how far Kim Grinolds has fallen.

topdawgnc

Those fucking Russians are at it again!!!!!

a takeover of the company by Russian investors.

CFetters_Nacho_Lover

Those fucking Russians are at it again!!!!!

a takeover of the company by Russian investors.

First Hillary and now Scout.

Sources

It's sad to see how far Kim Grinolds has fallen.

It's not sad in the least.

Mosster47

I wonder how much they could be bought for? eDuck is dead. I would like to turn it into something enjoyable.

EsophagealFeces

It's sad to see how far Kim Grinolds has fallen.

If by sad you mean NTD, BB worthy, then agree.

EsophagealFeces

It's sad to see how far Kim Grinolds has fallen.
If by sad you mean NTD, BB worthy, then agree.

FMAAWRITPADOO

CheersWestDawg

Listen to the bell, Grinolds...it tolls for thee.

TierbsHsotBoobs

Harv should buy Dawgman at auction

I volunteer to evict them

TierbsHsotBoobs

I wonder how much they could be bought for? eDuck is dead. I would like to turn it into something enjoyable.

The color scheme is already citrus friendly

UWhuskytskeet

I wonder how much they could be bought for? eDuck is dead. I would like to turn it into something enjoyable.

Buy the domain and redirect it to lemonparty.org a la www.uwrejects.com

Tequilla

It looks like KJV and company will get their pay checks ...

However, if they cash the checks they are basically bounded to the wishes of the buyer and have no way to leave (likely have non competes in place as well) ...

If they don't cash the checks, I'd imagine that they would have the option to either pull their site from the network as an independent or enter into an agreement with the new buyer. A prudent owner would make sure that they negotiated an out clause for themselves in case of a situation like this ... and if not, would have secured some kind of up front benefit.

Mosster47

I wonder how much they could be bought for? eDuck is dead. I would like to turn it into something enjoyable.
Buy the domain and redirect it to lemonparty.org a la www.uwrejects.com

That website is only worth $1,500 at most. Steve will want more than $10k for it though.

AEB

It looks like KJV and company will get their pay checks ...

However, if they cash the checks they are basically bounded to the wishes of the buyer and have no way to leave (likely have non competes in place as well) ...

If they don't cash the checks, I'd imagine that they would have the option to either pull their site from the network as an independent or enter into an agreement with the new buyer. A prudent owner would make sure that they negotiated an out clause for themselves in case of a situation like this ... and if not, would have secured some kind of up front benefit.

Dawgman has no leverage. They either accept payment, which they'll likely have to given payroll needs, or not. If they don't accept payment, they can leave once the ownership transfer occurs, but the timing of the ownership transfer is TBD. Either a buyer will emerge or the DIP loan holders will assume ownership. But that could be a few months. Dawgman would have to meet its own financial obligations without the residual payment from scout for an undetermined time period. Better start selling advertising to the Dub Pub again...