Posted April 25, 2011
To be honest, I don't know much about it. It's important to know about it, because a reorganization is different than a liquidation and in either case if you own the debt you may or may not get anything out of it.
This is also what makes GOG so great because it can be really hard to figure out when a company goes bankrupt who is going to end up owning what assets, and some of the debt ends up being eaten by the party that loaned it in the first place.
Common stock holders being the last to get anything, and often times getting nothing at all.
Which for some of us is a real issue, especially for those that like to tinker with our computers.
This is also what makes GOG so great because it can be really hard to figure out when a company goes bankrupt who is going to end up owning what assets, and some of the debt ends up being eaten by the party that loaned it in the first place.
Common stock holders being the last to get anything, and often times getting nothing at all.
Adokat: Does Steam not have an offline mode? Is that supposed to magically break now, too? If so, would you really have a big hangup about cracking the games you bought-most of which are quite old by then.
Steam doesn't have a true offline mode. It's complicated, but if you change your hardware, reinstalled the OS or it's been more than 30 days, you have to log back in and get validated. Which for some of us is a real issue, especially for those that like to tinker with our computers.
Post edited April 25, 2011 by hedwards