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Re: [Digital BW] Piezography Limited & Chapter 11 by Cone Editions?

2004-09-27 by Editor P.O.V. Image Service

I'm not a betting man.

But if I had to bet...

I would not expect Piezography ICC to disappear, and DEFINITELY not 
anytime soon. On its own it is certainly a solid product (the iQuads 
product looks certain to be even more so) and one that AFAIK Jon's 
companies are wholly responsible for the R&D on (so we should not have 
any chance of future lawsuit messiness).

Let's suppose that in a worst (for Jon Cone) situation, Sundance wins 
the suit big AND the Piezography limited assets are deemed to be within 
reach of Sundance for purposes of satisfying the judgment.

I would expect that on of the following would happen

1) someone other than Jon would end up running it after buying it from 
Cone and Sundance (assuming they each end up with a part).

2)   Cone finds a "white knight" to buy the Sundance interest and leaves 
him in control

3)   Sundance buys out the Cone interest and continues it.

Only sheer idiocy on all sides would end, even in this WORST case 
scenario, with the whole thing just going belly up.  I wouldn't worry 
about any Piezo equipment investments over the short term. Although I 
have been told some vendors have or are making some of the Cone holdings 
pay cash for delivery of product.
Keith

 
Keith Krebs

"Just some guy," caretaker of the Multiverse's largest EPSON printer 
User Community (highly recommended by Vogon Poets and MegaDodo 
Publications), at:
http://groups.yahoo.com/group/EPSON_Printers/
and  the Multiverse's largest Canon printer User  Community at:
http://groups.yahoo.com/group/Canon-printers
"For the rest of you out there, the secret is to bang the rocks together 
guys"

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