maemo.org - Talk - View Single Post - Jolla Tablet Refunds (latest developments)

Peter@Maemo Marketing	2015-11-26 , 06:57
Posts: 179 \| Thanked: 1,679 times \| Joined on Nov 2008 @ Helsinki	#2195

Originally Posted by tortoisedoc

In preparation of bankrupcy? If they are not 100% sure of being able to continue, it might be better to prepare for the worst? Maybe they are going to sell the company? And before that, they might want to settle debts (through restructuring)? Or they are trying to become more interesting for investors? Or, they are just shutting everything down.

To run a business, you need:
a) customers
b) employees
c) money

Jolla got customers, maybe the most loyal ones out there, even more loyal than Apple fans.

Most key employees have left or a leaving. Plenty of great guys and gals are still official Jolla employees but without pay, how long?

Money? Well, Jolla has got plenty of loans. Jolla has been getting 7.8 Million Euro of tax payers money, the majority of that being loans. The value of the company is not in product (Sailfish OS) because it is mostly open source, but the hero people that came together for this aspirational mission. And those people have left. And if it comes to debt restructuring, the first ones typically getting their hand onto any money left are the investors (i.e. the Hong Kong connection, if he was smart) and not the ones that loaned money (aka the Finnish tax payers). And who buys a company with that amount of loans and without the key employees?

Peter