Bonum Certa Men Certa

Symptoms of an Impending Bankruptcy?

Video download link | md5sum 40e0b150595f3d35232a867e7c02391f The Sirius Implosion Creative Commons Attribution-No Derivative Works 4.0



Summary: The situation at Sirius has gotten really bad; there are well overdue invoices, dodgy address changes, and recently a major client (oldest client) suffered a very major outage after Sirius had racked up thousands of pounds in unpaid hosting bills

THE above video deals with this morning's part as well as yesterday's part. Some of the symptoms we've been seeing lately suggest that Sirius ‘Open Source’ might be heading towards bankruptcy/insolvency/administration (tomorrow's part is entitled “Successful Bankruptcy”).



"When a company starts debt-loading or offloading liabilities to other parties (public companies, upstream suppliers, private clients, staff) it's certainly time to demand what you're entitled to and go away."A company that fails to pay bills and is making up excuses/pretexts to deny severance is a company that does not care about its future. A recent example of this was Elon Musk at Twitter. When a company starts debt-loading or offloading liabilities to other parties (public companies, upstream suppliers, private clients, staff) it's certainly time to demand what you're entitled to and go away. My wife and I left this month and the video above is part of a long story we must tell, ensuring others are forewarned (not about Sirius alone; other companies behave similarly sometimes).

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