From: Dave Neary (dave.neary at domain palamon.ie)
Date: Thu 23 Aug 2001 - 17:08:26 IST
John Kelly wrote:
> On a related note - does anyone know what the story with Loki actually is
> at this stage? I went to their website, and apart from a mis-dated news
> entry, everything looks hunky-dory.
Chapter 11 (as far as I can tell) means you're still liquid, but you
can't afford to pay all your creditors, so you're seeking legal
protection against being sued for the money you owe them.
The story is that if things go well for them, they'll eventually be able
to pay all their creditors and get back to normal business. However,
it's nigh impossible to run a business with no credit line (which it's
almost impossible to get while you're bankrupt). So things don't look
> - John
-- David Neary, E-Mail dave.neary at domain palamon.ie Palamon Technologies Ltd. Phone +353-1-634-5059
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