Author Topic: Playnet files Bankruptcy?  (Read 1736 times)

Offline hblair

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Playnet files Bankruptcy?
« on: December 27, 2001, 02:45:00 PM »
Anybody in-the-know got info on this?

[ 12-27-2001: Message edited by: hblair ]

Offline Wotan

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Playnet files Bankruptcy?
« Reply #1 on: December 27, 2001, 02:52:00 PM »
chapter 11 I think.......

wwiiol website is down and  you cant get into wwiiol game itself.


other then that there will be a lot of pissed off people unless they can sell wiiol to someone which with its problems may be hard to do.

but i dunno...........

[ 12-27-2001: Message edited by: Wotan ]

Offline Tac

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Playnet files Bankruptcy?
« Reply #2 on: December 27, 2001, 02:57:00 PM »
LOL. I heard they were just doing some maintainance on their servers.

But heck, if it is ch11 bankruptcy they filing for, I wouldnt be in the least surprised. Hopefully microsoft or some other money monger will pick the game up and do something with it.

Offline Udie

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Playnet files Bankruptcy?
« Reply #3 on: December 27, 2001, 02:58:00 PM »
Hey guys, please try not to laugh at these people, if it's true.  Many here consider them friends and if they are going under that is NOT a good or funny thing, they all have families to support and all that stuff.  I do remember them saying something last week about server maintenance though...

Offline Raubvogel

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Playnet files Bankruptcy?
« Reply #4 on: December 27, 2001, 02:59:00 PM »
Maybe they're finally installing a flight model.

Offline AKSWulfe

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Playnet files Bankruptcy?
« Reply #5 on: December 27, 2001, 03:00:00 PM »
On a Thursday? I honestly doubt it.
-SW

Offline AKDejaVu

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Playnet files Bankruptcy?
« Reply #6 on: December 27, 2001, 03:12:00 PM »
Does anyone know if playnet is listed?

Offline AKDejaVu

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Playnet files Bankruptcy?
« Reply #7 on: December 27, 2001, 03:15:00 PM »
Quote
This page is currently unavailable.
We are performing planned network maintenance. Some services will be temporarily interrupted until we complete our work. We do not anticipate the outage extending beyond 1200CT Thursday December 27th.

We apologize for the interruption. Thank you for your patience.

--
The Playnet Team

I'd tend to take that for what its worth... unless someone has access to info showing contrary.

AKDejaVu

Offline Udie

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Playnet files Bankruptcy?
« Reply #8 on: December 27, 2001, 03:28:00 PM »
dogfigher.com is down too, so I think it's just the mantenance thing....

Offline hblair

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Playnet files Bankruptcy?
« Reply #9 on: December 27, 2001, 03:28:00 PM »
Just found this on Bigweek...

 
Quote
Playnet Files For Chapter 11
« Posted 2001-12-27 00:21:40 ·· Author: Mortin ·· Comments (0) »
Well, in no surprise, Playnet has filed for Chapter 11 bankrupcty. I got an
appearance and demand for service letter today from their lawyer in re to
PLAYNET INC., a Texas cooperation, filing for Chapter 11, case No
01-49209-BJH-11. The same letter was mailed to all of Playnet's debtors,
including credit card companies and past affiliates. Apparently I'm not
going to get paid what's owed to me (I'll have to see my lawyer about it),
which is around five months back pay. I was the biggest money making
affiliate at Playnet, and was owed the most money out of any other affiliate
in the network. Playnet also owns Cornered Rat Software, which developed
World War II Online. I would presume they are going to be shutting down as
well.

This just rotts my socks guys. I thought I would at least get some money
from Playnet before they hit the rocks. However, I can't say that I'm
surprised that they went under. Ever since we joined the Playnet network
over a year ago, both Celcho and I have known they would go out of business.
They were horrible at just about everything they did, including simple
things such as adding DNS entries to their nameservers. Their business model
was extremely poor, and their focus on creating a web portal at Playnet.com
was a poor idea ever since the start.

So this is farewell to Playnet, and perhaps to Cornered Rat software and
WWIIOnline. We've known it was coming - they laid off several people, and
dismantled their online network. And in the typical Playnet fashion, this
was all done far too late to make any difference, and they went out of
business. I think it's kind of funny because Celcho and I said that we
didn't think Playnet would make it to the new year. It looks like we were
correct.

I have opened up a thread for discussion of this issue in the forums here.
You're all invited to share your questions and comments.


Dunno where it came from...

[ 12-27-2001: Message edited by: hblair ]

Offline AKDejaVu

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Playnet files Bankruptcy?
« Reply #10 on: December 27, 2001, 03:34:00 PM »
Well... at least its just chapter 11.

 http://agw.warbirdsiii.com  has a pretty good thread going there.  It seems everyone that playnet owed money received notificiation of the filing.

Someone also pointed out that Chapter 11 filing means there is a "plan for recovery" as opposed to chapter 7 filing <the hopeless one>.

AKDejaVu

Offline AKDejaVu

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Playnet files Bankruptcy?
« Reply #11 on: December 27, 2001, 03:35:00 PM »
Oh.... someone over at agw was saying the WW2-Online servers were back up.

AKDejaVu

Offline Badger

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Playnet files Bankruptcy?
« Reply #12 on: December 27, 2001, 03:53:00 PM »
Hblair...

It came from here:

 http://www.icrontic.com/#3158


New Info:
 http://www.icronticforums.com/showthread.php?s=&threadid=18388  

----------------------------------------
I cannot help but be amused at the rather poor attempt at a hoax this letter provides. Playnet did not file for bankruptcy, nor are there any plans to. Additionally, after speaking with several good friends of mine who ARE legitimate affiliates of Playnet and Cornered Rat Software, this information is nothing more than a hoax aimed at destroying the company's reputation, for whatever reason this person deemed worthy.

Let's look at a few of the small bits of this hoax letter that can explain my point. First off, Playnet, Inc. does NOT own Cornered Rat Software. CRS is an AFFILIATE of Playnet, just like Intelgamer and the other affiliates out there. Strategy First is the publisher for WWIIOL, and the primary reason for the state of the game upon its release. CRS has gone above and beyond the call to complete the game to user expectations despite the faults of Strategy First's business decisions.

Next, let's exame this so-called affiliate. First, I cannot help but notice the person who was in charge of this affiliate does not post the name of the affiliate. I know of all of the WWIIOL affiliates, and none have shown any signs of Playnet going bankrupt. Additionally, this same hoax was perpetrated 2 weeks ago to draw players away from Playnet and to rival services. This came after several affiliates were terminated for not following Playnet's Terms of Service.

Let's next address the loss of service for today. This network maintenance was announced well in advance, 2 weeks ago in fact. As with all Internet-based companies, there is always a need to periodically bring down services for upgrades or just a simple format and reinstall. All affiliates were notified that Playnet systems were to be down during a set time period well in advance.

Finally, let's cover WWIIOL. Yes, they did layoff some people. This was in response to the spike in hiring that was required due to Strategy First's push of the game out before it was ready. Additionally, several members of the staff were found to not be producing work that was acceptable to CRS management, and thus their jobs were cut to avoid further problems in the future. Contrary to popular thought on the matter, the only CRS employees that were laid off were those who had either outlived their usefulness or had no further work assigned to them. All of the designers and coders for CRS that have made the game a revolutionary product (despite the disasterous release) are still there plugging away to give us more systems that we, as gamers, wish to see.

I caution those who would take the original hoax message to heart to look closely at what is being posted before blindly believing it. I am a member of the Allied High Command for WWIIOL, one of the 50 or so players assigned the duty of attempting to lead the 5000 or so Allied players we currently have. I have played this game since its release, and it has improved greatly from its Beta release state. I encourage the would-be attackers of CRS to try the game out in its current state, and see how addicting it truly is.


__________________
Snake
WWIIOL Player and Addict

----------------------------------------

[ 12-27-2001: Message edited by: Badger ]

Offline Udie

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Playnet files Bankruptcy?
« Reply #13 on: December 27, 2001, 04:10:00 PM »
Just read the thread.  Snake eyes posted that he thinks it's a hoax.  For some reason I believe him.  The author of the thread, as well as most partisipants, seemed to be disgruntled...

Offline Kieran

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Playnet files Bankruptcy?
« Reply #14 on: December 27, 2001, 04:30:00 PM »
This is bad news no matter how you look at it for CRS.

We all know it is only a matter of time before CRS goes bust. Whether or not this is a rumor is to a point immaterial; people are already accepting the inevitable. Even if this is a hoax it will get people thinking about how close the end really is. I suppose you could spin this and say if it is true, Chapter 11 is better than Chapter 7, but neither is good and do nothing for consumer confidence.

Given the amount of imcompetence, confusion, and upheaval within the development group the outcome is pretty much preordained. Yes, it's a cool idea, but that's about all that can be said for it.