Re:They paid $100k to ride on Xcor's space plane. Now they w...
by CydeWeys on Monday December 31, 2018 @02:44PM
(#18796499)
The original quote was:
> Xcor owes them a full refund, and the only reason it won't happen is due to bankruptcy protections
Implying that, absent bankruptcy protections, the customers would somehow get their money back. My point was that, even if bankruptcy protections didn't exist, and those debts couldn't be discharged, the customers are still never getting their money back because it was spent on R&D and the company itself is now valueless.
> Xcor owes them a full refund, and the only reason it won't happen is due to bankruptcy protections
Implying that, absent bankruptcy protections, the customers would somehow get their money back. My point was that, even if bankruptcy protections didn't exist, and those debts couldn't be discharged, the customers are still never getting their money back because it was spent on R&D and the company itself is now valueless.