Official announcement: Penthouse files bankruptcy

Penthouse_mike · 08-12-2003

Check it out on GFY:

http://www.gofuckyourself.com/showthread.p...threadid=163108

Winetalk.com · 08-12-2003

http://reuters.com/financeNewsArticle.jhtm...storyID=3266435

is much more informative

Penthouse_mike · 08-12-2003

Quote:

Originally posted by Serge_Oprano@Aug 12 2003, 02:57 PM
http://reuters.com/financeNewsArticle.jhtm...storyID=3266435

is much more informative

Serge, I included that link in my thread

Timon · 08-13-2003

Quote:

Penthouse has filed for relief under Chapter 11 in New York state.
Many people misunderstand bankruptcy, and conflate it with going out of business. Bankruptcy is a system that allows corporations to get protection from their creditors and to get new financing in order to restructure and grow their business.
Bankruptcy, although it often carries a stigma in most people’s minds, is a system which allows companies to have a fresh start and more fully realize their potential.

"Bankruptcy is a system which allows companies to have a fresh start and more fully realize their potential"

Damn, I never looked at it that way :-)

Last edited by Timon at Aug 13 2003, 08:08 AM

sarah_webinc · 08-13-2003

you know it is a story when it is being included in the hourly news on BBC radio.

08-12-2003	#2
Winetalk.com Prostate Examiner I quoff fine wine at corkd.com Join Date: Oct 2002 Location: good 'ole USA Posts: 21,018	http://reuters.com/financeNewsArticle.jhtm...storyID=3266435 is much more informative __________________ why dogs sniff each other butts?

08-13-2003	#5
sarah_webinc Members Join Date: Dec 2002 Location: American In London Posts: 966	you know it is a story when it is being included in the hourly news on BBC radio. __________________ Special Boards Design Deal: 100 Banners = $799 ! Make 50% commissions promoting our pills! - sarah@webinc.com for details.

08-12-2003	#1
Penthouse_mike Members Join Date: Feb 2003 Posts: 17	Check it out on GFY: http://www.gofuckyourself.com/showthread.p...threadid=163108