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| shardian:
--- Quote from: Haze on August 13, 2009, 02:47:06 am --- --- Quote from: shardian on August 12, 2009, 04:34:01 pm ---Prompt response from Global VR: --- Quote ---We have read the article, thank you. We cannot comment on Mr. Foley but I can assure you that all titles in Global VR's Global Arcade Classics are officially licensed. Regards, Debbie Minardi VP Business Development --- End quote --- --- End quote --- Their current lineup is however greatly reduced, and features none of the games for which they allegedly had no licenses. --- End quote --- This also could shed some light on why Global VR could have possibly stopped payment to Foley. I know if I found out I paid for phony licenses, I wouldn't send another dime. |
| Hoopz:
--- Quote from: shardian on August 13, 2009, 09:09:07 am --- --- Quote from: Haze on August 13, 2009, 02:47:06 am --- --- Quote from: shardian on August 12, 2009, 04:34:01 pm ---Prompt response from Global VR: --- Quote ---We have read the article, thank you. We cannot comment on Mr. Foley but I can assure you that all titles in Global VR's Global Arcade Classics are officially licensed. Regards, Debbie Minardi VP Business Development --- End quote --- --- End quote --- Their current lineup is however greatly reduced, and features none of the games for which they allegedly had no licenses. --- End quote --- This also could shed some light on why Global VR could have possibly stopped payment to Foley. I know if I found out I paid for phony licenses, I wouldn't send another dime. --- End quote --- I would imagine that the company did due diligence before acquiring Ultracade. That's definitely one of the items that would (should?) have been researched. Their lawyers and accountants go in and review all pertinent leases, loans, accounts, legal agreements etc to make sure everything is above board. If they didn't do that, than it's incredibly stupid. Granted, companies and people can hide stuff, but it's not like Ultracade was as big as Enron. The paper trail for licensing and the ability to verify it with the license holders should have been very transparent. It's all speculation at this point. Kinda like Star Wars yokes but that's a different vendor! |
| ChadTower:
--- Quote from: Hoopz on August 13, 2009, 09:22:14 am ---Kinda like Star Wars yokes but that's a different vendor! --- End quote --- :tool: |
| Beretta:
this will be interesting, the reporter sounds like he's really put some foot work into this one.. and if the article is correct.. and the way it's written it i'd be supprised if he was to far off the mark, then Foley is in some deep #$% now the problem with all this is how could anyone think they'ed get away with this out in the open? if he gets off it'll probably be on technicalities and not legit business dealings.. but hey i dont know the whole story thats just my opinion thus far based on what i've read. |
| ark_ader:
I think it is all kind of sad, really. :laugh2: |
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