@Hans

Quote:

You've all missed the most important aspect of this investment information, what will the $2 million USD be spent on?

Shares were sold by ITEC LCC, not by Amiga Inc itself. At least if translation was accurate:


Prokom Software SA buyed 800 000 shares in Amiga, Inc from ITEC LLC


I cant even imagine why Amiga Inc would need to raise capital.

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@itix

Quote:

itix wrote: Shares were sold by ITEC LCC, not by Amiga Inc itself. At least if translation was accurate: Prokom Software SA buyed 800 000 shares in Amiga, Inc from ITEC LLC

True, but someone got $2 million, and it wasn't me.
If they were developing OS5 in-house as claimed, then raising capital would be required to continue paying developers after the initial investments had run out.

Hans

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@Hans

Quote:

True, but someone got $2 million, and it wasn't me.

Sometimes even Amiga offers successful business opportunities. Get rich with Amiga is true

Quote:

If they were developing OS5 in-house as claimed, then raising capital would be required to continue paying developers after the initial investments had run out.

I doubt such thing exists except on a paper. Amiga Inc doesnt need OS5 but maybe their shareholders do (to sell Amiga Inc).

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Amiga 500, Efika, Mac Mini and PowerBook

Quote:

opi wrote: I don't know why they got Amiga, Inc shares -- but I would say it has to have second bottom

hehe, I tend to agree

@itix

Quote:

itix wrote: @Hans Quote: You've all missed the most important aspect of this investment information, what will the $2 million USD be spent on? Shares were sold by ITEC LCC, not by Amiga Inc itself. At least if translation was accurate: Prokom Software SA buyed 800 000 shares in Amiga, Inc from ITEC LLC

Yes. A company only gets the money when they issue *new* shares and sell them. When someone else sells their allready issued shares, it will be that owner of the shares who gets the money, and not Amiga Inc. In this case it seems like it's ITEC that are the lucky ones?

Quote:

I cant even imagine why Amiga Inc would need to raise capital.

Indeed, they aren't doing anything, so what would they need money for? Pay off old debts? Not exactly what investors would be interested in, I think...

takemehomegrandma:
That is correct. It looks like ITEC are the seller and therefore
no money was given to Amiga Inc, as long as normal stock
practices happened here. However, when it comes to Amiga
inc absolutely nothing is normal. :)

I owned shares in Ericsson a while back but the money I paid
for them never went to Ericsson's bank account but to the
seller of the shares. The only time you give money to the
company is when you purchase the first issued shares or
when the company issues new shares.

@ironfist

Ericsson, what an excellent choise :)

/Xter ....an Ericsson employee

Selling 800,000 shares (2.3%) out of hypothetical 35,000,000 (100%) only means, whatever their value, that you want to retain company ownership, not that company actually is worth as much as the value of the hypothetical 100% of shares. This is usually negotiated between the company and the investor, that maybe has a real interest on the company (??), maybe don't and it's only wanting to save some taxes, accounting the invested money as an expense and nearly or actually getting no profit in return (2,3% of what?), so all are losses... at least in the account books, if you know what I mean... Who knows?

Saluditos,

Ferrán.

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@itix
Quote:

I cant even imagine why Amiga Inc would need to raise capital.

With such great business partners like Genesi attacking you in public and via the courts I think it helps to have some cash around.

Crazy idea but perhaps Amiga Inc. needs money to develop products so they can become a viable business? I know, that is just crazy talk. Why would a company need money to make money. That is just silly.

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@ssolie

Quote:

With such great business partners like Genesi attacking you in public and via the courts I think it helps to have some cash around.

Or maybe Amiga Inc needs money to license AmigaOS from Hyperion Entertainment to proceed with the OS5 development project.

_________________
Amiga Developer
Amiga 500, Efika, Mac Mini and PowerBook

@itix

Yes you are right that Prokom bought shares from ITEC LLC. But it also means that Prokom is now a shareholder of Amiga Inc. Maybe he is not an investor (like the topic says) but a shareholder.

Anyhow, do you remember who ITEC LLC is? Check out 25 questions to Bill McEwen (question 2). ITEC bought all the assets of Amino Development which were then sold to KMOS. Bill McEwen said that all the assets were sold to KMOS in two transactions. Now it seems that he didn't say or didn't know everything. ITEC LLC had something hidden or what? Considering that ITEC LLC was acquired by KMOS the situation is a bit strange...

Last edited by mailman on 08-Feb-2007 at 07:08 PM.

@mailman

Quote:

ITEC bought all the assets of Amino Development which were then sold to KMOS. Bill McEwen said that all the assets were sold to KMOS in two transactions. Now it seems that he didn't say or didn't know everything. ITEC LLC had something hidden or what?

We dont and cant know details behind scenes. It is possible some shares were sold back to ITEC LLC again or they acquired shares from other shareholder. We don't know how much KMOS or ITEC LLC paid for Amiga Inc. It could be just only cents or millions. There is no way to figure it out.

_________________
Amiga Developer
Amiga 500, Efika, Mac Mini and PowerBook

@itix

Option with sold back to ITEC is probably the most obvious and probable but still a mystery since Bill didn't tell us everything. And he clearly stated that There is no deception, no hiding and the fact that we announced all of it in the public forums would make that clear.