#Cringely Rumors Again…
6 messages in this thread
Dale
I know they are full of crap most of the time, but the point I was trying to
make was that they are definitely still operating. I didn't just ring them and
ask them if they were – they are have actually made a physical object (ie a
CD32 gold disk) for me and it is in my office this very moment. This proves
they must be still operating (I can't think of any evidence that could be more
conclusive).
My post was a reply to Grant Boucher's assertion that somehow his info was
better than everyone elses, and therefore we must all be wrong. If his
contacts lead him to believe that the whole of Commodore has ceased trading
then they are incorrect (for the reason above). I don't claim to know what
will happen to Commodore – I just wanted to set the record straight as to the
current situation.
Mal
Sure, they are certainly still operating.
"ceased trading," at least in the US, would usually refer to Commodore
stock, though, and that is true. At least, it is no longer officially
traded on the NYSE, though I understand that you can buy and sell it on
"pink slips" (My understanding is that the stock isn't officially
transfered to the name of the new owner, but the old owner and new owner
basically have a written agreement about who owns the stock).
—
Dale L. Larson, Intangible Assets Manufacturing
"Cease trading" is UK-ese meaning no longer doing business.
Thanks, I suspected there might be some such confusion. I wasn't the one
who argued C= UK wasn't trading (for all I knew without thinking hard
about it, UK might have been only a partially-owned subsidiary and a
publicly traded one), but I was confused by the statement that C= UK was
still trading.
—
Dale L. Larson, Intangible Assets Manufacturing
"At least, it is no longer officially
traded on the NYSE, though I understand that you can buy and sell it on
"pink slips" (My understanding is that the stock isn't officially
transfered to the name of the new owner, but the old owner and new owner
basically have a written agreement about who owns the stock)"
I think you're referring to the "pink sheets". The term refers to trading in
non-listed stocks, generally by NASDAQ dealers, although any stock may be
traded there. At the end of the day, all the buy and sell activity is gathered
up and printed on – you guessed it – pink sheets which are then distributed to
the brokers. Commerce Clearing House used to perform this activity, although I
have no idea if they still do.
The stocks, incidentally, may be transferred from one owner to another as
long as they are not restricted shares under SEC rules. Commodore's being
delisted by the NYSE only means that the stock cannot be traded there: it can
still be traded elsewhere.
Jerry
I think Grant meant "still operating" when he talked about CBM not being in
business. Still, as long as I get my hard drive back…
Mal