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GenCon files Chapter 11
- Thread starter Qualidar
- Start date
smootrk
First Post
http://reporter.blogs.com/thresq/2008/01/lucasfilm-sues.html
quick and dirty... GenCon had charity auction that Lucas provided materials for... GenCon got $$, GenCon had not delivered $$ to charity... Lucas Sues
and then later.
GenCon files bankruptcy (to avoid or at the very least to delay having to make payment - although the legaleze skirts around actually saying such directly).
quick and dirty... GenCon had charity auction that Lucas provided materials for... GenCon got $$, GenCon had not delivered $$ to charity... Lucas Sues
and then later.
GenCon files bankruptcy (to avoid or at the very least to delay having to make payment - although the legaleze skirts around actually saying such directly).
Friadoc
Explorer
Kahuna Burger said:
Honestly, I figured a wait and see approach is much better then passing out torches and pitchforks while getting our chants right before hunting the monster.
Seriously, considering that all we know are a snippet of what may or may not be the facts, thus far presented in one press release by one party, as well as another press release by another party, and a whole lot of assumption in-between, I thought, as well as still think, that calling a company shady while presumption of guilt is bandied about is just not right.
Sure, you're free to do it, but it still seems kind of base, especially considering the lack of known facts, proven guilt, and how many good years, before recent owners and since, that GenCon has given people.
smootrk
First Post
oh, and here is the direct link to the legal filing:
http://reporter.blogs.com/thresq/files/LucasVGenCon.pdf
http://reporter.blogs.com/thresq/files/LucasVGenCon.pdf
Kahuna Burger
First Post
That's a pretty high level of hyperbole for someone championing restraint in judgemental behavior.Friadoc said:
Neil Bishop
First Post
Qualidar said:
I'm sure it is. Chapter 11 is all too often a way of avoiding responsibility for one's actions... as well as its more legitimate uses.
Friadoc
Explorer
Kahuna Burger said:
Well, sometimes when you're poked, you jump, and a needle can sometimes feel like a poke. *chuckles*
And, to clarify, I'm a champion against presumption and assumption of fact, if more "ifs" and "allegeds" were mixed in with things, I could have cared less.
In all seriousness, we don't know the facts of it all, yet GenCon has been painted as this big, bad baby slapping, candy stealing villain and not only is that, at this point, baseless, as well as a smidge slanderous and libelous, it's just a bit uncalled for, I think.
That's all.
Steel_Wind
Legend
The much bigger implication arising out of all of this is pretty simple: a company a lot of people paid $65 dollars to for a GenCon badge just filed for Chapter 11.
There are a lot of holidays planned for August which have now been placed somewhat in doubt.
That causes me a great deal of concern, as I am now very much wondering whether GenCon Indy will proceed as planned this year; or if it does proceed, whether the quality of the event will be greatly altered. Once you cross that Bankruptcy Rubicon - the expectations of parties with whom you are dealing in any commercial setting changes radically and the fundamental element of trust in an ongoing commercial relationship changes.
There are a lot of exhibitors - retailers and game manufacturers for whom Gencon is a critical part of their business plans. Now? Those parties are worried - no doubt of that. Because Gencon is so important to their business plans, they'll be facing some difficult choices in the coming months.
However, there are a lot of exhibitors, particularly electronic exhibitors, for whom Gencon does not represent a critical part of their business plans. To those exhibitors (I attended GenCon last year as an exhibitor for Atari and CD Projekt Red to demo The Witcher computer game) we will have a very different reaction to this news. To such exhibitors, Gencon simply represents a significant cost as a consumer tradeshow which cost has to be annually justified every year. Gencon is not a critical part of these companies' business plans. Those costs can easily be cut and walked away from after spending as much time as it takes you to read this post to think about it.
That is not an exaggeration. That's big money to Gencon LLC which is now resting on a very shaky foundation indeed.
Gencon is going to throw the core of their business into doubt with this Chapter 11 filing. If you think you can do that without substantial commercial consequences? Dream friggin' on guys. Dream on.
There are a lot of holidays planned for August which have now been placed somewhat in doubt.
That causes me a great deal of concern, as I am now very much wondering whether GenCon Indy will proceed as planned this year; or if it does proceed, whether the quality of the event will be greatly altered. Once you cross that Bankruptcy Rubicon - the expectations of parties with whom you are dealing in any commercial setting changes radically and the fundamental element of trust in an ongoing commercial relationship changes.
There are a lot of exhibitors - retailers and game manufacturers for whom Gencon is a critical part of their business plans. Now? Those parties are worried - no doubt of that. Because Gencon is so important to their business plans, they'll be facing some difficult choices in the coming months.
However, there are a lot of exhibitors, particularly electronic exhibitors, for whom Gencon does not represent a critical part of their business plans. To those exhibitors (I attended GenCon last year as an exhibitor for Atari and CD Projekt Red to demo The Witcher computer game) we will have a very different reaction to this news. To such exhibitors, Gencon simply represents a significant cost as a consumer tradeshow which cost has to be annually justified every year. Gencon is not a critical part of these companies' business plans. Those costs can easily be cut and walked away from after spending as much time as it takes you to read this post to think about it.
That is not an exaggeration. That's big money to Gencon LLC which is now resting on a very shaky foundation indeed.
Gencon is going to throw the core of their business into doubt with this Chapter 11 filing. If you think you can do that without substantial commercial consequences? Dream friggin' on guys. Dream on.
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