Monday, March 19, 2007

Bad News for Aradyme

Well, as more news comes out, it looks like it was a good thing that I got let go from Aradyme when I did. It probably would have been better to have been let go in the first round last June, but better when I did then still be there... at least so far.

http://biz.yahoo.com/iw/070319/0227964.html

Unfortunately this is bad news for me.

"White Box is not assuming any of these liabilities or obligations. Aradyme will either apply proceeds from payments anticipated from White Box toward paying these obligations or will attempt to seek compromises or other resolutions with its creditors."

This appears to mean that I probably won't ever get my backpay, and if I do it will be at some future point, way out in the future. :( This is the proverbial nail in the coffin in terms of the last hope that I had for Aradyme. Hopefully "White Box" can take the technology and make it work.

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