Loki Speaks up on Chapter 11

Traivor writes "Loki sent an email to all its customers about the chapter 11 filing. The most interesting bit is they claim to be making money." I've been rooting for Loki forever (and I've taken to buying all their releases even tho I don't have time to play them lately ;) Anyway, I've atached the email to this story so you can read it if you're curious.

The following is an email sent by Scott Draeker of Loki

Dear Friend of Loki:

As you may know, on August 3, 2001, Loki filed a Chapter 11 reorganization. As our valued customer, we wanted to let you know why we have elected to reorganize and how, if at all, it will impact our ongoing business.

Under US law there are two kinds of bankruptcy:

1. Chapter 7 is a liquidation. We have not filed a Chapter 7 and have no intention of doing so.
2. Chapter 11 is a reorganization. This will allow us to deal with our creditors fairly and equitably and at the same time continue to operate the company. We are still shipping products and porting new games and expect to be doing so for a long, long time.

Most of the debts we are restructuring through the Chapter 11 are well over a year old. They represent mistakes made by a young company. We've learned from our mistakes and become cash positive. Going forward we have every confidence that Loki will continue to be successful and grow.

We cannot say for certain how long Loki will remain in Chapter 11. It depends on many factors. However we do intend to bring the process to a conclusion as quickly as possible. Once our plan of reorganization is accepted by the court, our creditors will receive an agreed upon settlement and all other prepetition obligations will be fully and finally discharged.

During and after the reorganization your orders will continue to be honored. We will continue to provide end user support, bug fixes and new products. Negotiations are in progress to guarantee Loki a steady stream of additional AAA games to bring to Linux.

Most importantly, we'd like to thank each of you for your support over the years. Without our customers, we are nothing. The outpouring of support we have received in the last few days has been overwhelming, and we will continue to do everything we can to merit that support.

Kind regards,

Scott Draeker
President, Loki Software

What can you do?

[DoasFu]

You try to make it in this world, you work hard, you put out good products that people enjoy, and what comes of it? Some older God, snobby old economy type, chains you to a rock bed and drips acid on your face for eternity.

Poor Loki. Poor, poor Loki.

Boycott Odin!

Dan

Coming Soon........................Sim Loki

[docstrange]

You are the CEO of a financially trouble linux company. Your tech stocks took a real plunge. You must somehow maintain your customers faith, and restructure the company to be a dominating force in the market. You have just sent out the letter, and the future is in your hands. I wonder if loki will think it's a big enough hit to market. (sell the life story and turn it into a game, kinda like a twist on pee wees big adventure) uh oh, i gotta run............ here comes a spork.

Heh

[Wind_Walker]

I've been rooting for Loki...

So YOU'RE the one who's been breaking into my boxen...

I have to credit ridiculopathy.com...

[Jim42688]

08/15/2001: Wednesday Loki Is Dead ... Score: -1 Insightful Loki, a company devoted to porting popular Windows games to the Linux platform, filed for bankruptcy protection early this week. Although this may look like the official death of Linux as desktop alternative, posters on Slashdot insist that this is all "good news" for Linux enthusiasts. Owing millions of dollars in licensing fees to various game developers, Loki failed to find a market selling games to people who are not used to paying for software. It seems the company could not convince enough game enthusiasts to shell out another fifty bucks for a Linux version of a game they already own for Windows. Most of the posts on Slashdot mourned the loss of a another Linux-friendly company. Although this was one of many Linux bankruptcies in the past few months, users of the operating system maintain that the desktop OS war has already been fought and won ... by Linux ... dammit. Slashdot prides itself on the open-mindedness of its readership and the lively egalitarian debates held on its pages. For example, in response to one post questioning the need for Linux as a mainstream desktop operating system, a user responded with a mature and reasoned post: "Fuck the shut up, all of you! I'm writing a bot to make sure that any anti-Linux poster gets banned from /. or at least modded down. All of your negativity is getting in the way of our free and open forum." It is fortunate that the Linux community has such an open and democratic forum to vent their frustrations [if they were frustrations, which they certainly aren't]. Just as Henry Ford offered the public a panoply of colors for his early automobiles as long as they were black, Slashdot accepts the entire spectrum of opinion on issues of open source and the free software movement. "You are all a bunch of ridiculous fucktards," wrote a user named Anonymous Coward. "To all of you FUD-mongers who see Linux only as a server OS only, you should troll someplace else. You are not wanted here in our welcoming community. Slashdot is all about freedom of speech. So, shut the hell up before I use my various /. Logins to flame you into oblivion!" The quality of opinions expressed on Slashdot have remained high even as the quantity of posts grows exponentially. The reason for the sudden rise in traffic may have something to do with the increase in the amount of free time the average dot-com worker has these days. Since Slashdot as much a game as message board [users are objectively "scored" on every post], some have devised tricks to get their comments moderated up. One of the easiest ways to accomplish this is to pick a random quotation and plug in the appropriate proper nouns for instant wisdom. "Loki is dead." wrote one poster. "Long live Loki." "I come here to bury Loki, not to praise them." "Forst Pist," added another. "All your base are belong to us!" All told, the Linux community is upbeat [and not at all defensive] about the recent round of set-backs [if you want to call them that, because they're not "set-backs" at all]. In the aftermath of Loki's demise, however, Linux users will always have their old stand-by to fall back on: playing stolen Windows games. Jim42688: Go ahead, mod me down because I stuck a mirror in front of you...

Re:Hang on...

[Patrick McRotch]

"when was the last time you saw a Wang for sale?"

Pervert.

Re:relief

[Anonymous Coward]

Don't argue with linux users, you can't.