CompuServe Messages

According to Commodore's last annual report, all of the subsidiaries are wholly owned by Commodore. Do you have any factual information as to when they were spun or sold off so as to become independent entities? Most bankruptcy and liquidation laws have provisions against preferential transfers. Unless Commodore's annual report misstated the ownership arrangements of the subsidiaries, what seems to be described here is a conveyance undertaken to defraud creditors, a criminal act under many circumstances in the United States and most of Europe. According to one report, the mysterious Japanese buyer and Commodore agreed to liquidate the Bahamaian parent company and Commodore US in order to defeat the creditors. I find it very interesting that not a single tear has been shed for the unsecured creditors of Commodore, many of whom are undoubtedly small businesses run by people who have bills to meet and families to feed and house. Somehow it seems that "saving" the Amiga is more important than the possibility that these people are being defrauded in some grand worldwide financial scheme. The whole thing sounds like a fantasy to me, but if it's real than I can only wonder about the morality of those who cheer for such an apparent fraud on honest business people who are about to be left holding the bag for millions of dollars. Jerry