Kristine
Posts: 3061
Joined: Sep. 2006
|
| Quote (utidjian @ June 29 2011,10:26) | | So um... if Premise Media went bankrupt on a venture that cost $3.5M and netted $8M .... then it appears it was mis-managed. Presumably there are businesses and people that didn't get paid what and when they were supposed to be paid by Premise. The former owners (until yesterday) of Premise get out of paying off those debts. Premise gets auctioned off and the proceeds from the auction are used to pay off the creditors. |
Um, yes. My thoughts exactly. These guys manage their "science ventures" the same way that televangelists manage their "business ventures." Stay tuned. 
--------------
Which came first: the shimmy, or the hip?
AtBC Poet Laureate
"I happen to think that this prerequisite criterion of empirical evidence is itself not empirical." - Clive
"Damn you. This means a trip to the library. Again." -- fnxtr
|
