Scout Bankruptcy OFFICIAL
Comments
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I'm a huge fan of the ASU scout pay site.
Which is why all the Kim shit cracks me up because it's the exact opposite.
"What I'm hearing...." and the whole man up and use your real name still gets me.
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DerekJohnson said:
It's euphoric, hilarious and just to see how far Kim Grinolds has fallen and can't get up.
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Tubgirl revival?Mosster47 said:I wonder how much they could be bought for? eDuck is dead. I would like to turn it into something enjoyable.
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Quoth the Raven, "Your* fucked now. Time to step up your Real Estate selling game."CheersWestDawg said:Listen to the bell, Grinolds...it tolls for thee.
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AEB said:
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...Tequilla said: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.
Exactly ... a smart business would have started planning for this the last few months at minimumAEB said:
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...Tequilla said: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. -
Forums in general are going to follow Blockbuster if they don't evolve with the times.
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Netflix?PurpleReign said:Forums in general are going to follow Blockbuster if they don't evolve with the times.
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You have referred to a smart business owner and a prudent business owner twice in this thread. You realize we are talking about Kent fucking Griswold here, right? Neither of those descriptions apply.Tequilla said:AEB said:
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...Tequilla said: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.
Exactly ... a smart business would have started planning for this the last few months at minimumAEB said:
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...Tequilla said: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. -
Autzen parking lot knows how to hardcore husky and chillMosster47 said:
Netflix?PurpleReign said:Forums in general are going to follow Blockbuster if they don't evolve with the times.
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So what happens to Biggins, Huffman, and the guys who actually work for Scout?
