MoConDi Out of Money
Breaking news today as we received official proof that MoConDi ltd. is not able to pay its debts to both employees of the company as well as creditors.
We already reported about Steve Cole and Elisabeth Olsen leaving MoConDi last month. Now, an official e-mail popped up. To safeguard our source though, we do not publish the e-mail or exact details.
What we can mention is that Steve Cole claims that the bankruptcy of MoConDi was due to investments from the US that weren’t finalized. As so, MoConDi lacks the money to pay both employees and creditors (mostly publishers and developers).
We know however that not all contracts where closed in the name of MoConDi. Some publishers and developers might still have contracts with Overloaded in Amsterdam. Overloaded is owned by MobileMedia but was under control of MoConDi. This means there might still be money left within Overloaded. Others might have closed an agreement with MobileMedia in Olso. MobileMedia is still alive so there is a way to obtain money there as well.
We wish all developers and publishers (as well as employees) success in the quest to get at least some money back.
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Comments
Posted by: Peter D | Nov 20, 2008 3:52:26 PM
I can tell you one thing and that's that Overloaded is R.I.P also. I closed the door literally months ago ;-)
Posted by: Shame on Peter D | Nov 20, 2008 11:52:51 PM
So many developers lost money with overloaded. You closed the door and cheated so many developers in the market. I hope you sleep well now.
Posted by: JJ | Nov 21, 2008 10:08:27 AM
Hi Peter,
Did Overloaded have creditors remaining when you closed the doors? Hoping you settled up with all before the doors were finally closed... otherwise not quite understanding the smiley wink.
Posted by: Peter D | Nov 21, 2008 10:14:35 AM
I was the last employee of Overloaded, that's what I've meant.For closing the company our Norwegian friends at Mocondi are responsible
Posted by: JJ | Nov 21, 2008 10:18:21 AM
Thanks for clearing that up Peter, think it was misinterpreted the way it was written.
Posted by: Shame on PeterD | Nov 21, 2008 4:18:14 PM
But no one in Norway is answering calls, e-mails, etc.
Again Overloaded is the next and for sure not the last Telcogames.
Mocondi Norway for sure has still the money from the publishers.
Posted by: Arjan Olsder | Nov 23, 2008 11:49:39 AM
Guys, I worked a lot with Peter. He always did what management said, just like any employee. Peter was also pro-fair business. Without his work, the company would have been in problems just months after MoConDi/MobileMedia Company took over and developers would have lost far more money. Peter was on the team that was fighing to avoid a Telcogames situation (and that was the real Overloaded team).
Posted by: Adrian Cummings | Nov 24, 2008 9:56:56 AM
Yes I have to agree, Peter was indeed one of the better people to deal with there, so it would'nt of been his fault at the end of the day methinks.
The comments to this entry are closed.
Cheers Arjan, I think in reality my acocunt simply just dried up with them about 8 or 9 months ago.
I don't think I lost much anyway in the end.
Shame Overloaded went down this path with Mocondi as well though :/