Shiny Story Ctd

Picking up from TechCrunch on the Shiny Saga, it seems there is a whole sorry can of worms emerging - from money not appearing, fast pack pre-packs, financial three pot tricks etc etc:

The questions that arise from this affair are innumerable.

Why does Dan Wagner of Brightstation call this an “alleged sale” if Brightstation already owns part of the company that the assets were sold to. Wagner has declined to comment further.

Was Brightstation given the option to buy the assets or to invest further money by Shiny Media prior to is pre-pack sale to Shiny Digital?

How much were the assets sold for?

What attempts were made by the administrators to find another buyer for the assets? Was there any advertising? We’ve called the administrators but they have not returned our calls.

Some freelance Shiny writers say they were still waiting for payments owed prior to Shiny entering administration. Some are owed at least £4,000. This could substantiate the administrator’s view that Shiny Media “was unable to pay its debts”.

Who is this mystery additional shareholder that voted for administration?

Was Brightstation aware of the whole process?

Why our interest? Well, I want to know if the business model doesn't work or whether it was an execution issue. The way this is going right now, it looks like execution had quite a big part to do with it.