Panono files for bankruptcy; now what?
Panono announced yesterday that they've filed for bankruptcy. What will happen now? Panono is the highest resolution all-in-one 360 camera, with 36 lenses and 108 megapixels (in fact, the equirectangular stitched photo is 134 megapixels). I recently showed its spectacular image quality . Despite being an excellent product, Panono is quite costly. It used to be $1,500 which was already expensive, then they raised the price to $2,000. With such a high price, there could only be so much demand for it. Yesterday, Panono announced that they were filing for bankruptcy (I saw the announcement only this morning). NOW WHAT? Bankruptcy doesn't necessarily mean that Panono will close shop. I'm not a bankruptcy lawyer, so take this with a grain of salt: in bankruptcy, a company declares that it cannot pay its debts as they come due. The court appoints an administrator to control the company for the best interests of the creditors. In Germany, as in ...