TSL Is Dead, Long Live TSL 107
Masta writes "Trustix AS, the company behind
Trustix Secure Linux filed for bankruptcy on monday. Erlend Midttun and Christian Toldnes, two former employees of Trustix AS and the main developers behind Trustix Secure Linux, founded a new company, named Tawie Technologies AS.
They continue the work on TSL, under the new name Tawie Server Linux. All former volunteers and contributors declared their support for the new distribution, so 'TSL is dead, long live TSL.'"
Its good to see TSL live on (Score:4, Insightful)
However, one thing still bothers me. Apparently, it is O.K to spend cash like water, rip of your creditors and declare bankruptcy, and then just do a little paperwork and carry on as before? These people have no shame, and the "volunteers" who continue to support these shucksters are fools for trusting a bunch of people who are demonstrated themselves to be crooks. The Government should investigate this immediatly, and freeze the assests of this so-called "new" company until the previous creditors have been paid off in full. Personally I feel it is high time we brough back debtors prison for amoralistic scam artists such as these.
bubble burst. (Score:2, Insightful)
Obviously their business plan failed, they stuck all the debt and liability with the old company while putting all the assets into the new company and sank the debt into bankrupcy.
look for the new company to be wallowing in debt struggling to survive in a year or two due to the same people making the same mistakes again.
investors should avoid this company like the plague, when times get hard they will just abandon you again.