<tinfoil hat>
1. where did the ‘nest egg’ come from?
2. where did CEO Rudy Pedraza get the $120,000 to loan to the company?
3. why would CEO Rudy Pedraza loan $120,000 to his company knowing full well he would never probably see it again, unless it was passed onto him so he was just laundering the money for some invested third party.

</tinfoil hat>

where did CEO Rudy Pedraza get the $120,000 to loan to the company?

Possible a home equity loan.

Home equity loan? So in other words, the US taxpayers will be bailing out Psystar too?

Home equity loan? So in other words, the US taxpayers will be bailing out Psystar too?

Probably not, but if he did get a home equity loan then he is responsible to pay it back. Maybe he had that much in savings, sold stocks or bonds, or something, I was just speculating.

Legal fees of $88,000 for this case? Way understated.

Legal fees of $88,000 for this case? Way understated.

Yes, that is interesting

Is it possible some 3rd party interests are paying some or most of the legal fees directly, thus bypassing Psystar’s books?

I do find it difficult to believe they’ve only gone in debt to the tune of $88,000 covering their defense and counter suits.

OWES $88k. That’s different than “SPENT.”

Personally, I think all of the “deep pockets are financing them” stuff is a bit much. New companies pop up all the time with dumb ideas, dumb investors, and generate massive losses. I’ve had clients pay me with money obtained from 2nd mortgages, loans from family members, home equity loans and personal loans from the company heads. There are many people in this country with piles of cash, and bad ideas. I don’t see what smoking gun suggests any different for Psystar. So far, every step they’ve made doesn’t point to a Svengali, it points to a bunch of dumb people trying out a dumb idea, and being hopelessly outclassed. I don’t think their rube-ishness is a game, I think they’re really clueless, and we smug Mac users just can’t believe it.

I’m a bankruptcy attorney. You only have to list creditors or current sources of income on a Bankruptcy Petition. If somebody gave Psystar funding that was considered a gift as opposed to a loan, that wouldn’t have to be listed. Further, if the money is no longer being given, that wouldn’t have to be listed either.

I’m a bankruptcy attorney. You only have to list creditors or current sources of income on a Bankruptcy Petition. If somebody gave Psystar funding that was considered a gift as opposed to a loan, that wouldn’t have to be listed. Further, if the money is no longer being given, that wouldn’t have to be listed either.

Hmmmmm, the plot is not necessarily thin.

Last week on CNET I read that another MacClone business is starting up. This time the business is in Alhambra California which may mean it would be easier for Apple to go after them. Anyway, if their website, quocomputer.com, is any indication then I would feel that my money would be best spent on a real Mac.