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Rob
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 29-Mar-2024 18:18:58
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Joined: 20-Mar-2003 Posts: 6395
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OlafS25
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 29-Mar-2024 18:19:25
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Joined: 12-May-2010 Posts: 6472
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| @Kronos
I thought the same only interesting will be excuse. This time Corona is hardly convincing |
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BigD
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 29-Mar-2024 18:24:32
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Joined: 11-Aug-2005 Posts: 7475
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| @number6
They are not taking back my copy of OS3.2. That's mine you hear! I not going to settle for 3.X! It's not going to happen! _________________ "Art challenges technology. Technology inspires the art." John Lasseter, Co-Founder of Pixar Animation Studios |
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number6
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 29-Mar-2024 18:38:00
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Joined: 25-Mar-2005 Posts: 11662
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| @OlafS25
Nah. Pandemic excuse has been way too overused by everyone who fails.
I'll give even odds this time it will be:
Bofidi
#6 _________________ This posting, in its entirety, represents solely the perspective of the author. *Secrecy has served us so well* |
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number6
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 30-Mar-2024 16:04:22
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Joined: 25-Mar-2005 Posts: 11662
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| @thread
Just some slightly different wording here from the news articles. Whereas the articles/reports on several websites state "proceedings reopened", this official site clearly states: Quote:
was declared bankrupt by the court |
Source
Hopefully this offers some clarification as to meaning.
#6_________________ This posting, in its entirety, represents solely the perspective of the author. *Secrecy has served us so well* |
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Rob
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 30-Mar-2024 17:42:08
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Joined: 20-Mar-2003 Posts: 6395
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| @BigD
Hyperion have probably crashed more times than Starbug. |
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Kronos
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 30-Mar-2024 17:46:19
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Joined: 8-Mar-2003 Posts: 2713
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| @Rob
Next benchmark is Boeing!
Last edited by Kronos on 30-Mar-2024 at 07:53 PM.
_________________ - We don't need good ideas, we haven't run out on bad ones yet - blame Canada |
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OneTimer1
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 30-Mar-2024 18:02:07
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Joined: 3-Aug-2015 Posts: 1146
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| @Thread
That is not dead which can eternal lie, And with strange aeons even death may die. |
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BigD
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 30-Mar-2024 21:51:30
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Joined: 11-Aug-2005 Posts: 7475
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| @Rob
Quote:
Rob wrote: @BigD
Hyperion have probably crashed more times than Starbug. |
_________________ "Art challenges technology. Technology inspires the art." John Lasseter, Co-Founder of Pixar Animation Studios |
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OlafS25
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 30-Mar-2024 22:59:23
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Joined: 12-May-2010 Posts: 6472
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| @BigD
some news
https://www.amiga-news.de/en/news/AN-2024-03-00105-EN.html
According to the Belgian Business Register, there is now another company called Ben Hermans B.V., founded on March 11 of this year. The provider faillissementsdossier.be, which centrally processes up-to-date information on Belgian company insolvencies and similar events, has an entry for the original Ben Hermans B.V., which claims "Ben Hermans [...] was declared insolvent by a court in Brussels on 19.03.2024"
I am a little confused what this really means |
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AmigaBlitter
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 1-Apr-2024 8:53:40
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Joined: 26-Sep-2005 Posts: 3514
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| @OlafS25
I wonder what this could mean to the future of Amiga. _________________ retired |
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number6
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 1-Apr-2024 14:09:27
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Joined: 25-Mar-2005 Posts: 11662
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| @thread
Although the facts presented are undeniable, there are certain agreements in place between the principals that may affect the outcome.
In addition re:the new Ben Hermans entity, there is a comment on Amiganews I believe to be accurate:
Quote:
I assume that Ben Hermans needs this construct for his full-time work as a lawyer. |
Put another way...my understanding from conversations is that a legal entity gone bankrupt in Belgium can lose his rights to practice law. If this is not correct, please let me know. However, this -would- explain- the need to establish the new legal entity being discussed.
#6
_________________ This posting, in its entirety, represents solely the perspective of the author. *Secrecy has served us so well* |
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matthey
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 1-Apr-2024 22:29:39
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Joined: 14-Mar-2007 Posts: 2460
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| #6 Quote:
Nah. Pandemic excuse has been way too overused by everyone who fails.
I'll give even odds this time it will be:
Bofidi
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OlafS25 Quote:
some news
https://www.amiga-news.de/en/news/AN-2024-03-00105-EN.html
According to the Belgian Business Register, there is now another company called Ben Hermans B.V., founded on March 11 of this year. The provider faillissementsdossier.be, which centrally processes up-to-date information on Belgian company insolvencies and similar events, has an entry for the original Ben Hermans B.V., which claims "Ben Hermans [...] was declared insolvent by a court in Brussels on 19.03.2024"
I am a little confused what this really means |
It looks like the old business shell game which has been overplayed on the Amiga before. Transfer the valuable assets of the business to a new entity while leaving the debt behind with the old entity which declares bankruptcy.
https://sites.google.com/site/amigadocuments/ Quote:
As Amiga Delaware turned against Hyperion Entertainment, Hyperion Entertainment appeared to express surprise at the sequence of events it had previously accepted: "Subsequent developments in this case have only strengthened the evidence supporting the claim that ITEC engaged in the fraudulent conveyance of Amiga Washington's assets, first from Amiga Washington to ITEC, and then from ITEC to KMOS/Amiga Delaware, and that those acts damaged both Hyperion Entertainment and other creditors here in Washington, where Amiga Washington's assets were located."
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At the same time, the Amiga community observed with passion how Hyperion Entertainment's lawyer-owners aggressively exploited the move from Washington to Delaware (which Hyperion Entertainment had previously accepted), using it to further attack the Amiga companies, as if the claim of the missing $250 payment was not sufficient to win or settle the case to Hyperion Entertainment's advantage.
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Hyperion hypocritically complained about Amiga IP transfer shell games previously and now they appear to be using the same shenanigans. Does anyone think the old Ben Hermans B.V. debt was transferred from the old to the new B.V.? If this was the case, the new B.V. would be declaring bankruptcy instead of the old B.V. The valuable assets (stock) was transferred while the debt was left behind in an empty shell to disappear. There wasn't even an attempt to disguise the shell game by renaming businesses as the same name was reused for the new B.V.
Of course these shenanigans are illegal. Amiga Corporation and Michele Battilana are the ones most hurt by the shell games as it appear to be an attempt to eliminate debt without being forced to sell the Hyperion Entertainment stock. This should be reported to the proper Belgium authorities and challenged in court if necessary. The shell games make it more difficult to show standing though. Showing authorities that Ben Hermans is a con man with all of his shenanigans should be easy enough and authorities should be sympathetic to his victims. Court cases and especially a criminal conviction would likely be more difficult.
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number6
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 1-Apr-2024 23:28:23
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Joined: 25-Mar-2005 Posts: 11662
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| @matthey
Read and refresh the comment section from the Amiganews.de (German version) story.
Some interesting interpretations appear.
#6 _________________ This posting, in its entirety, represents solely the perspective of the author. *Secrecy has served us so well* |
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DiscreetFX
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 2-Apr-2024 2:42:14
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Joined: 12-Feb-2003 Posts: 2543
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| @OlafS25
Does it mean it's an April Fools joke? _________________ Sent from my Quantum Computer. |
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matthey
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 2-Apr-2024 4:50:02
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Joined: 14-Mar-2007 Posts: 2460
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| #6 Quote:
Read and refresh the comment section from the Amiganews.de (German version) story.
Some interesting interpretations appear.
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Yes. It looks like Ben Hermans posted with some useless lame excuse. Post #18 by Fein is interesting though.
https://www.amiga-news.de/de/news/comments/thread/AN-2024-03-00105-DE.html?frm_start=18 Quote:
Fein (31-Mär-2024, 22:29)
Am 19. März 2024 wurde ein Konkursverfahren gegen Ben Hermans BV eröffnet. Da Ben Hermans BV der Mehrheitseigentümer und Geschäftsführer von Hyperion Entertainment CVBA ist, bedeutet dies, dass beide Unternehmen von einem gerichtlich bestellten Insolvenzverwalter verwaltet werden.
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Google German to English translation...
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On March 19, 2024, bankruptcy proceedings were opened against Ben Hermans BV. Since Ben Hermans BV is the majority owner and managing director of Hyperion Entertainment is CVBA, this means that both companies are owned by one managed by a court-appointed insolvency administrator.
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If true, this may imply that an "insolvency administrator" is already aware and involved as of March 19. This is soon after the new Ben Hermans BV was founded on March 11. Perhaps he has already been caught trying to play the shell game? Is this what you were referring to or did you see something else?
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OlafS25
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 2-Apr-2024 10:39:45
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Joined: 12-May-2010 Posts: 6472
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| @DiscreetFX
Date is 29.3., not 1.4.
so no april joke |
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number6
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 2-Apr-2024 14:31:25
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Joined: 25-Mar-2005 Posts: 11662
From: In the village | | |
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| @matthey
Is not the post by "Fine" basically a word for word repost of the Amiga Documents tweet?
#6 _________________ This posting, in its entirety, represents solely the perspective of the author. *Secrecy has served us so well* |
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matthey
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 2-Apr-2024 14:37:38
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Joined: 14-Mar-2007 Posts: 2460
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| OlafS25 Quote:
Date is 29.3., not 1.4.
so no april joke |
Even the OlafSch = Olaf Scholz joke in the comments was too early for April 1.
#6 Quote:
Is not the post by "Fine" basically a word for word repost of the Amiga Documents tweet?
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Right. Amiga Documents appears to be the source of the post and is very up to date with "More details to be added." Somebody seems to be investigating this topic with interest and is ahead of me.
Last edited by matthey on 02-Apr-2024 at 02:45 PM.
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number6
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Re: Hyperion Entertainment - Reorg/Restructure Posted on 2-Apr-2024 14:54:09
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Joined: 25-Mar-2005 Posts: 11662
From: In the village | | |
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| @matthey
Quote:
Somebody seems to be investigating this topic with interest and is ahead of me. |
Perhaps that "Somebody" should be plural?
#6_________________ This posting, in its entirety, represents solely the perspective of the author. *Secrecy has served us so well* |
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