Archive for the ‘Insolvency problem’ Category

Insolvency problem that existed in wunderLOOP, and as I have known within the company asked them if they had more details that had not come to light. The problem will be solved, insurance, and do it in less than 3 months, so do not worry because wunderloop continues its normal line of work and even preparing new product.

The problem, as I said came from the differences between old and new investors. There are discrepancies between the Investors and the direction of the company for the entry of new investors such as United Internet with the valuation or the ability to lock.

These discrepancies left in a difficult position on the current day as investors make access to monthly funding to force their position, in which the management has declared the state of insolvency (which does not mean bankruptcy). So as wunderloop is governed by German law, and according to them, now go into a Financial Controller to review the situation and decide the best business plan for the company between the two visions.

As I have mentioned, there are 4 potential investors (including United Internet) blocked by the current. United and interest wunderLOOP is normal as there is a strategic agreement with them for about 6 months and even their intelligence division is merged with wunderLOOP. For the other 3 inverters, although obviously wunderloop know, have not consented to transcend to the press, but investors are known weight.

Torsten Halers, CEO WunderLOOP, hopes to have it all figured out in 3 months as of yesterday afternoon, the two current investors are mere spectators waiting for the decision analysis and controller. Now open a period of around 3 months where the controller will make the best decision from the point of view of the company.