<i>'…and under this variation of bankruptcy which is valid in California the company as of this moment does not exist and portions of it are being acquired by a brand new entity but what that means is all of your options are gone.'</i><p>I would love to understand what this variation is and if it's actually legal from any lawyer types out there.
When I was at Instant Action, a lot of people (outside the company) considered OnLive a threat & competitor to us. Interesting to see that they ended exactly the same as we did - all-hands meeting, layoff, have stuff out of the building by the end of the day. At least we got severance packages.