Slashdot Mirror


Loki Speaks up on Chapter 11

Traivor writes "Loki sent an email to all its customers about the chapter 11 filing. The most interesting bit is they claim to be making money." I've been rooting for Loki forever (and I've taken to buying all their releases even tho I don't have time to play them lately ;) Anyway, I've atached the email to this story so you can read it if you're curious.

The following is an email sent by Scott Draeker of Loki

Dear Friend of Loki:

As you may know, on August 3, 2001, Loki filed a Chapter 11 reorganization. As our valued customer, we wanted to let you know why we have elected to reorganize and how, if at all, it will impact our ongoing business.

Under US law there are two kinds of bankruptcy:

  1. Chapter 7 is a liquidation. We have not filed a Chapter 7 and have no intention of doing so.
  2. Chapter 11 is a reorganization. This will allow us to deal with our creditors fairly and equitably and at the same time continue to operate the company. We are still shipping products and porting new games and expect to be doing so for a long, long time.

Most of the debts we are restructuring through the Chapter 11 are well over a year old. They represent mistakes made by a young company. We've learned from our mistakes and become cash positive. Going forward we have every confidence that Loki will continue to be successful and grow.

We cannot say for certain how long Loki will remain in Chapter 11. It depends on many factors. However we do intend to bring the process to a conclusion as quickly as possible. Once our plan of reorganization is accepted by the court, our creditors will receive an agreed upon settlement and all other prepetition obligations will be fully and finally discharged.

During and after the reorganization your orders will continue to be honored. We will continue to provide end user support, bug fixes and new products. Negotiations are in progress to guarantee Loki a steady stream of additional AAA games to bring to Linux.

Most importantly, we'd like to thank each of you for your support over the years. Without our customers, we are nothing. The outpouring of support we have received in the last few days has been overwhelming, and we will continue to do everything we can to merit that support.

Kind regards,

Scott Draeker
President, Loki Software

13 of 216 comments (clear)

  1. Re:Heh by Anonymous Coward · · Score: -1, Offtopic

    LOL!!! :-)

    This is funny. Mod this up.

  2. Re:Sounds like a jew plot to me by Anonymous Coward · · Score: -1, Offtopic

    Jew bastards!!!!!

  3. Re:relief by Anonymous Coward · · Score: -1, Offtopic

    Yo, idiot! Over here you moron. In porting a game, you can oftentimes take time to clean up crappy code, buggy operation, and screwed up grammar mistakes and turn the 'new' product into a better version of the original. So yes, it is possible for Loki games to run better on a Linux machine.

  4. Re:On the other hand by Anonymous Coward · · Score: -1, Offtopic
    Nice troll you jerk. It's obvious you're a moron because:

    figured i'd be able to play tribes 2 in linux, since i had heard it was done. I didn't realize the windows cd isn't patchable (like q3a is). - Wow, you really did your homework on that one. You heard a rumor and took it as fact?

    And after spending 70$ on the win version, i figured i may as well say in win than move to linux and pay it again. - 1, you got royally ripped on the purchase price of the Windows game (I've never payed more than $52 for a brand-spanking new game), and 2, Linux and Windows are two completely different OS's. Just because Wine has managed to emulate Windows API calls under Linux is no guarantee that Windows programs should work in Linux. I'm no Linux expert, but I'm at least smart enough to realize utter stupidity like yours when I see it.

  5. yay! by Anonymous Coward · · Score: -1, Offtopic

    yay!

  6. To all you doom and gloomers.. by Anonymous Coward · · Score: -1, Offtopic

    Kiss my pasty ass!!

  7. Re:relief by Anonymous Coward · · Score: -1, Offtopic

    Mod parent post up to +5 Informative

  8. Re:Loki has it backwards by Anonymous Coward · · Score: -1, Offtopic

    Congratulations, you get the 'Most Moronic Post of the Day' award.

    Moderators, show this guy to the door.

  9. Re:Reality Bite on Ch. 11 by Anonymous Coward · · Score: -1, Offtopic

    Please, do not moderate this guy up. He makes claims which are NOT true, and is basically talking out of his ass.

  10. Re:Hang on... by UltraBot2K1 · · Score: 1, Offtopic

    Yeah, and when was the last time you saw a Wang for sale?

    --

    Slashdot: Open Source, Closed Minds.

  11. Re:Best Wishes, Loki by Anonymous Coward · · Score: -1, Offtopic
    Why don't you just grow up? Who gives a flying, fucking, felching shit about Linux?

    What do want me to do about it, suck my own cock? Moron! I have half a mind to speak to your lawyer, felch-feet. Ha!

  12. Re:Hang on... by Anonymous Coward · · Score: -1, Offtopic

    Just last night. Then again, I do live in San Francisco.

  13. Re:Who needs loki by Unknown+Bovine+Group · · Score: 1, Offtopic

    I think you've been trolled. Remember, the amount of repetitive punctuation is inversely proportional to the intelligence of the poster.

    --
    m00.