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Anyone in the empeg community have $40million?

What I wanna know: will they cut the prices on the Rio Central? Slash that baby down to $300, and I'm sure we can drain their inventory in no time flat.

I wonder if they will still be avaliable after the auction on the 15th. are the auctioning everything ? I'm tempted to get one for fear that they won't be avaliable anymore although they will probably just end up on ebay. Anyone in california wanna go buy some for the bbs

i would think they would try and blow them out like the empeg. but thats just me

Sounds like it's too late for that though if they are having their assets sold off.

This is terrible. What's going to happen to all our 'pro' empeg codin' buddies?

With the skills those guys have, I'm sure they'd get snapped up by another company pretty damn quick. Heck, it happened the first time.

To put some context on this, they're selling business units at auction, not nuts and bolts. It's possible Rio will be bought to be asset stripped and shut down, but more likely it will be bought to continue operating. We still believe it is most likely that D&M will get us. The press release doesn't mean the deal fell through as such, it means they think they can get a better deal at auction for whatever reason. Even if that deal was closed, the auction would still have taken place - that's bankruptcy law.

If anyone with deep pockets wants to put in a bid for empeg and the empeg codebase, contact the bankruptcy court in San Jose!

Rob