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Post# of 34405
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firehorse

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firehorse

Re: rickn23 post# 32959

Thursday, 06/22/2017 2:42:38 PM

Thursday, June 22, 2017 2:42:38 PM

Post# of 34405
Kind of funny that you quote a post BK situation. Marvel had no debt after BK. Would you have sued Marvel before or after their BK arguing they have valuable IP? <--this is a joke. POWN could have easily BK'd the company. POWN is much closer to the pre BK Marvel than the post BK Marvel don't you think?

On December 27, 1996 Marvel filed for bankruptcy in U.S. Bankruptcy Court. The company was losing money hand-over-fist. Worse, it owed money (coincidentally, its highest debt, $1.7 million, was owed to Disney). Over one-third of Marvel employees were laid off. For a company that had created some of the most iconic and recognized characters the world over, the future seemed bleak.
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