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● 07.31.23

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●● Insolvency: Debt of Sirius ‘Open Source’ Surged by About 20% in One Year (Not Counting Debt in Other Shells), Assets Fell by Nearly Half

Posted in Finance, Free/Libre Software at 1:01 pm by Dr. Roy Schestowitz

It’s finally out (hours ago).

Image: Sirius 2023 accounting

Image: Sirius report for 2022 page 1

Image: Sirius report for 2022 page 2

Image: Sirius report for 2022 page 3

Image: Sirius report for 2022 page 4

Image: Sirius report for 2022 page 5: The accountant's address since 2 weeks prior

Image: Sirius report for 2022 page 6

Image: Sirius report for 2022 page 7

Image: Sirius report for 2022 page 8

Image: Sirius report for 2022 page 9

Note: The pension fraud would require investigating that shell abroad. 3 entities are deep in debt.

=> pension fraud

Image: Sirius report for 2022 page 10

Image: Sirius report for 2022 page 11

Summary: As noted the other day, Sirius ‘Open Source’ was eerily quiet or inactive and there was nothing for July until today (the very last day of the month) regarding its finances (e.g. balance sheet and headcount); the company still claims to be based where the accountant is (still the same accountancy) and the losses deepened last year, with only 166 pounds in the bank, a massive decrease in net assets, and debt growing by 20% (up until October 31st, i.e. a month before both my wife and I resigned, followed by several senior colleagues). This was only “[a]pproved and authorised by the director” today; the company claims to have “7″ member of staff, but that was a year ago and it’s a lot less now. As it turns out, selling out to Bill Gates and playing to the tune of Microsofters who dox employees was a big mistake (Microsoft had attempted this years prior, as usual).

=> the other day | Sirius ‘Open Source’ | Bill Gates | Microsoft had attempted this years prior | as usual

“Netscape hired me to represent their interests, and when I announced this, controversy ensued. Which is a nice way of saying that Microsoft went berserk; tried unsuccessfully to get me fired as co-editor, and then launched a vicious, deeply personal extended attack in which they tried to destroy my career and took lethal action against a small struggling company because my wife worked there. It was a sideshow of a sideshow of the great campaign to bury Netscape and I’m sure the executives have forgotten; but I haven’t.”

–Tim Bray

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