Guest anon Posted January 29, 2003 Report Share Posted January 29, 2003 Mandrakesoft financial reorganization (follow up) -------------------------------------------------- On January 27th, 2003, confirmation was received from the French Commercial Court that MandrakeSoft had been granted a six month observation and protection period to establish a continuation plan. This protection period provides the ability to renegotiate the Company's current liabilities. A court-appointed administrator has been named to assist MandrakeSoft during this process. MandrakeSoft welcomes this latest news as a positive step to achieving solid financial restructuring which will make the company profitable. In the continuation plan we're working on, MandrakeSoft's main objective is to reach profitability as soon as possible. When the continuation plan is approved, MandrakeSoft will leave the observation period. As part of the Company's continuation plan, MandrakeSoft may initiate a small increase of capital in the upcoming weeks to help secure the scenario. Please contact us if you are in a position to participate. Jacques Le Marois. Chairman and President Quote Link to comment Share on other sites More sharing options...
Pzatch Posted January 30, 2003 Report Share Posted January 30, 2003 Dang everything sounded great untill the last bit. That part sounded like a warning about another "funding" drive. Quote Link to comment Share on other sites More sharing options...
tyme Posted January 30, 2003 Report Share Posted January 30, 2003 Dang everything sounded great untill the last bit. That part sounded like a warning about another "funding" drive. what do you expect? if they need money, they're going to ask for it. because they know there are people using their product that aren't supporting them. simple facts :) Quote Link to comment Share on other sites More sharing options...
Ronin Posted January 30, 2003 Report Share Posted January 30, 2003 Dang everything sounded great untill the last bit. That part sounded like a warning about another "funding" drive. Well that is what they need isn't it? Money? Of course they're going to start a "help us" drive. They'd be stupid not too. Quote Link to comment Share on other sites More sharing options...
ral Posted January 30, 2003 Report Share Posted January 30, 2003 I think what they are talking about is selling shares of stock or joining the Mandrake Club. Its not like they are asking for handouts. Quote Link to comment Share on other sites More sharing options...
Guest anon Posted January 30, 2003 Report Share Posted January 30, 2003 I think what they are talking about is selling shares of stock or joining the Mandrake Club. Its not like they are asking for handouts. Correct. The above letter was sent out to shareholders. Quote Link to comment Share on other sites More sharing options...
ral Posted January 30, 2003 Report Share Posted January 30, 2003 I myself have been guilty of making less than friendly MandrakeSoft posts in the past, but events like this change people and organizations. I think we should all give Mandrake a fresh start. The new CEO has promised as much. We are afterall a Mandrake site. Lets forget the past, and hope that the company that created one of our favorite distro's pulls through (and to think that I use RedHat :) ). Quote Link to comment Share on other sites More sharing options...
Counterspy Posted February 12, 2003 Report Share Posted February 12, 2003 I wan to see the Plan of Reorganization posted on the site for all to read. It is after all, a public document. Someone would need to translate it but in its absence, I remain a doubter, particularly when the Euronext exchange suspensded trading in Mandrakesoft stock, meaning no one really knows what its value is. If I am wrong about that, show me the evidence. A full and complete disclosure of an audited financial statement wouldn't hurt either. If we are to become partners, we should know what we are buying into. This isn't criticism, it's business. Counterspy Quote Link to comment Share on other sites More sharing options...
Guest Adriano Posted June 12, 2003 Report Share Posted June 12, 2003 Almost five months have now passed. I am curious about the company's economical issues. Does anyone know how things are going for Mandrake Soft? Any news? Having liked a lot the 9.1 release (I've used 8.0, 8.2 and this one) I hope they are able to survive, as undoubtably everyone here wants too. Quote Link to comment Share on other sites More sharing options...
Guest anon Posted June 12, 2003 Report Share Posted June 12, 2003 They had six months to put their house in order, so one month to go. Fingers crossed. Quote Link to comment Share on other sites More sharing options...
shen Posted June 12, 2003 Report Share Posted June 12, 2003 Yep fingers crossed cause it seems no matter what distro I try I seem to always go back to mdk...would stink for the company to go away and have to decide on another distro..uhg...I have a feeling we'll be seeing many more releases... Quote Link to comment Share on other sites More sharing options...
tyme Posted June 12, 2003 Report Share Posted June 12, 2003 i'm worried considering we haven't heard anything from them...aside from the announcement of 9.1 packs. guess we'll just have to wait and see. Quote Link to comment Share on other sites More sharing options...
Guest anon Posted June 12, 2003 Report Share Posted June 12, 2003 i'm worried considering we haven't heard anything from them...aside from the announcement of 9.1 packs. guess we'll just have to wait and see. I should think that when their time is up, they will have to go back to the French courts and say, "thanks to mandrakeusers, we are now able to continue as a viable business" ........or something like that :lol: Quote Link to comment Share on other sites More sharing options...
tyme Posted June 12, 2003 Report Share Posted June 12, 2003 i'm worried considering we haven't heard anything from them...aside from the announcement of 9.1 packs. guess we'll just have to wait and see. I should think that when their time is up, they will have to go back to the French courts and say, "thanks to mandrakeusers, we are now able to continue as a viable business" ........or something like that :lol: are you implying that where their forums failed, we succeeded? no, never! :unsure: Quote Link to comment Share on other sites More sharing options...
Darkelve Posted July 1, 2003 Report Share Posted July 1, 2003 http://www.mandrakesoft.com/company/press/...esoft/news/2425 Quote Link to comment Share on other sites More sharing options...
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