- Report: #1004844
Report - Rebuttal - Arbitrate
Complaint Review: Absolutely New Inc
Absolutely New Inc650 Townsend St Suite 475 san Francisco, California United States of America
Absolutely New Inc John Ruege Didn't fulfill contract and gave me a Dear John letter saying they were out of business san Francisco, California
*Consumer Comment: great now flyrider copy and paste
*Consumer Comment: You are an UNSECURED creditor.
November 6, 2012
Dear AbsolutelyNew, Inc. (ANI) Inventor Client,
It is our unfortunate duty to inform you that ANI has terminated its inventor services business due to negative economic forces and its inability to obtain further outside investment. Like many struggling companies today, ANI's obligations to its banks and investors greatly exceed the value of the company's assets. Outforce, LLC a business and-financial advisory firm, has been retained by ANI's secured creditors to sell the assets of the company. The banks and investors have a perfected security interest in all of ANI's assets, which legally entitles them to repayment before any unsecured creditors, such as the inventor clients.
In this case, it is extremely unlikely that even ANI's secured creditors will be made whole - undoubtedly and unfortunately leaving nothing for unsecured creditors. No lawsuit or attempt to perfect a security interest will change this fact. With no prospect of financial recovery it would be an unproductive waste to attempt to obtain a refund directly from ANI, or its officers and employees - who are not personally responsible for ANI's obligations because it is a corporation. Your best potential for any compensation is the bond that ANI deposited with the California Secretary of State in accord with Business & Professions Code 22389, et
seq. Claim and other information can be obtained from the California Secretary of State (http://www. sos. ca.go v/).
Because ANI was the fairest development option for many inventors, the demise of its inventor services business is a loss for the entire invention community. While some ANI clients may have their invention success delayed, they can still succeed - but only by persevering and looking ahead rather than behind.
Sincerely, OutForce, LLC
Now how do I get my money back? The contract was good for 1 year. They didn't fulfill there obligation and would this borderline fraud? Any help will be appreciated.
This report was posted on Ripoff Report on 01/28/2013 12:52 PM and is a permanent record located here: http://www.ripoffreport.com/r/Absolutely-New-Inc/san-Francisco-California-94103/Absolutely-New-Inc-John-Ruege-Didnt-fulfill-contract-and-gave-me-a-Dear-John-letter-sayin-1004844. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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