Rabbit still holding on... for now
Got a phone call from my Japanese branch manager about half an hour ago. They had a meeting last night to explain what the current situation is. What a champ he is! Calling me up to tell me what was going on, and in English no less. He even pre-empted my AAM (foreign manager). Well, my AAM is probably like me doing what I was doing; sleeping in. (Although, for the Japanese 9am is probably sleeping in... strange people). In any case, my manager's English is quite good and here is what he said to me (paraphrased a bit):
The lawyers have gotten a special injunction from the court to suspend all operations until a new investor/sponsor can be found. They have a maximum of 10 days in which to do so. At the end of those 10 days, if no sponsor is found, then the Rabbit will be officially dead and gone - that is have declared bankruptcy and the government will step in, liquidate the assets and pay out the debts, including wages (about 80% of what we would receive, but better than nothing!). However, should the Rabbit find a sponsor within those 10 days then it will become business as usual (let's hope not 'as usual' since that's what got the rabbit into this mess in the first place - let's hope for some smart management this time, like not spending money you don't have and probably won't get.. yeesh).
He also advised me not to leave Japan before those 10 days are up, otherwise the government wouldn't pay me my lost wages.
So, the good news is that now we have a timeline - plans can be made.
So I guess I'll be waiting it out until November 5th. Keep your fingers crossed people.
The lawyers have gotten a special injunction from the court to suspend all operations until a new investor/sponsor can be found. They have a maximum of 10 days in which to do so. At the end of those 10 days, if no sponsor is found, then the Rabbit will be officially dead and gone - that is have declared bankruptcy and the government will step in, liquidate the assets and pay out the debts, including wages (about 80% of what we would receive, but better than nothing!). However, should the Rabbit find a sponsor within those 10 days then it will become business as usual (let's hope not 'as usual' since that's what got the rabbit into this mess in the first place - let's hope for some smart management this time, like not spending money you don't have and probably won't get.. yeesh).
He also advised me not to leave Japan before those 10 days are up, otherwise the government wouldn't pay me my lost wages.
So, the good news is that now we have a timeline - plans can be made.
So I guess I'll be waiting it out until November 5th. Keep your fingers crossed people.