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Why does Boris buy media100 ??
Strange things happening. Why did optibase buy media100 in the first place, when all they did was to mess up,.. and why does boris buy Media100.
Any ideas ??
Anders
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7 Replies
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Well, the question I have always had was when Optibase purchased Media 100 – why did Media 100’s stock become worthless?
I have 7500 shares of Media 100 stock valued at .001 per share which equals $8.
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M100 can still be a good money maker for Boris. They throw a few engineers with knowledge of M100 at it. Put out an update with a couple of new bells-whistles, then charge all the current owners a ton for the update. Win-win for them.
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[Anders Haavie] “Strange things happening. Why did optibase buy media100 in the first place, when all they did was to mess up,.. and why does boris buy Media100.”
Shortly after Optibase bought Media 100 Optibase got a new CEO, who obviously did not see Media 100 and especially 844/X as an opportunity to widen the Optibase customer base and revenue. So he decided to stop development of 844/X. Boris on the other hand knows the video postproduction market and obviously he sees a chance to strengthen his company here. Plus, he knows Media 100 pretty well since he was one of the initial developers of Media 100 on the Mac.
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What’s the Symbol for Media100 (NASDAQ, NYSE)?
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nevermind I found it.
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“Well, the question I have always had was when Optibase purchased Media 100 – why did Media 100’s stock become worthless?”
Well, that one’s pretty easy. Optibase never bought Media 100, Inc. Media 100, Inc. entered into bankruptcy, and Optibase purchased most of their assets. So, while the Media 100 “the product line” (along with the 844/x product line) ended up owned by Optibase, Media 100 “the company” continues to exists as a bankrupt entity with no real assets left other than the proceeds from the sale of the product line, which will get divided up by the court among their creditors.
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The same thing happened to my Accom stock. In that case, the owners just transfered the assets of Accom to a new company they created. Thanks guys!
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