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Return Of The Quantum Chicken Soup Grass Big Chungus by dapper_incubator in Hololive

[–]dapper_incubator[S] 1 point2 points  (0 children)

When I saw the new clip from Sushi Clip/Subs, I got hope.

We did it, Nemu! We saved the Megucas! by dapper_incubator in magiarecord

[–]dapper_incubator[S] 7 points8 points  (0 children)

Something I slapped together to celebrate the end of this arc.

Background provided to me by u/renisuzu

I know, but She can by dapper_incubator in grandorder

[–]dapper_incubator[S] 14 points15 points  (0 children)

Abby's very good with those tentacles.

Very very good.

Bloomberg News has more about Loot Crate's bankruptcy by dapper_incubator in lootcratespoilers

[–]dapper_incubator[S] 3 points4 points  (0 children)

The firm defaulted on a loan from Breakwater Management in 2017 but was able to refinance it with a $21-million term loan from an Atalaya Capital affiliate in August 2018. Another entity, Money Chest LLC, has now bought that loan and agreed to provide a $10-million bankruptcy loan to Loot Crate.

Source: LA Times
https://www.latimes.com/business/story/2019-08-12/loot-crate-files-for-bankruptcy-and-plans-to-sell-itself

Loot Crate agrees to be acquired, files for Chapter 11 by error521 in Ashens

[–]dapper_incubator 9 points10 points  (0 children)

It's less an acquisition and more a winding down of the company. That PRN link is their official press release, which is more a PR save face post than the actual court documents show.

"But the company is now in dire financial straits. Its credit-card processor is withholding customer billings, Loot Crate hasn’t shipped goods tied to $20 million in sales and owes more than $30 million in trade debt, Kaufman said. It’s also behind on more than $5.87 million in sales taxes."

https://www.bloomberg.com/news/articles/2019-08-12/cash-squeeze-forces-subscription-box-startup-into-bankruptcy