NMC ceasing operations
Ruvi W
Sad news. The last time I attended a conference was in NOLA when Alan was the big kahuna :) but have participated in the data gathering for the Horizon report and enjoy reading it each year.
FYI:
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Forwarded message ----------
From: Eden Dahlstrom <ed...@nmc.org>
Date: Tue, Dec 19, 2017 at 7:56 AM
Subject: All good things must come to an end... Re: Fwd: NMC To Cease
Operations
The New Media
Consortium (NMC) regrets to announce that because of apparent errors and
omissions by its former Controller and Chief Financial Officer, the
organization finds itself insolvent. Consequently, NMC must cease
operations immediately.
NMC would like to sincerely thank our loyal and dedicated community for its
many vital contributions since its inception in 1994. NMC is grateful to its
current executive director and NMC staff for their tireless efforts to connect
people at the intersection of innovation and technology.
NMC will be promptly commencing a chapter 7 bankruptcy case. A trustee
will be appointed by the court to wind down NMC’s financial affairs, liquidate
its assets and distribute any net proceeds to creditors. The case will be
filed in the United States Bankruptcy Court for the Eastern District of
California.
Please understand that NMC’s assets may be sold as part of the bankruptcy
process and another entity, potentially a nonprofit, may yet go forward with
our summer conference. Nevertheless, before sending any payment for 2018,
please contact our counsel Reno Fernandez at (415)
362-0449 ext. 204, and he will connect you
with the trustee once he or she is appointed.
--
Ruvi W )'(
Carol Smith
 |
SMCC PTK Coordinator, Faculty Senator At Large
Gallup Strengths: Strategic | Ideation | Input | Maximizer | Learner
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