Pub Rants

STATUS: Leaving for Bologna, Italy on Friday for the Book Fair. Ack!

What’s playing on the XM or iPod right now? SET FIRE TO THE RAIN by Adele

I also have some land 100 miles west of Ft Myers I’d like to sell you….

What would a week be without an update on Dorchester? I can’t imagine what company would be interested in buying an ailing organization with such a significant amount of debt. I don’t have updated numbers from the phone call last year but back then, debt owed was in the millions.

Maybe it’s good for the taxes.

But straight from the horse’s mouth, here is a letter from Dorchester’s president.

STATUS: Only 65 emails in the inbox to start the day!

What’s playing on the XM or iPod right now? I FEEL THE EARTH MOVE by Carole King

Wait! What is that I hear? I think it’s the wind whistling down Park Avenue and through the Dorchester non-existent office space.

In a world where information is found in a quick Google search, why try and dissemble?

Here is a link to a notice to Dorchester of foreclosure for the note and a sale of the assets that were pledged as security on a loan.

Back to my question. Why do I say that I don’t think I’ll see a bankruptcy filing soon? By the way, this is not a statement of fact. Simply a supposition on my part.

I don’t think Dorchester will file unless forced to. It’s costly to file and go through the process. Meanwhile, monies are coming in and not being paid out.

Last year when my lawyer and I sat in on the phone calls where Dorchester disclosed their financially precarious position, the list of creditors was part of that conversation. There are at least 6 companies that might find it worthwhile to force Dorchester into Bankruptcy to recover monies owed.

And I hope they do.

But to be blunt, those companies will crunch the numbers. If they come out ahead in what they will recover versus what it will cost, then my guess is they will do it. It certainly won’t be altruistic.

STATUS: Typical Denver schizophrenic weather. I was wearing short sleeves and no jacket yesterday while taking Chutney for a walk in 70 degree weather. Today it’s going to snow. Yay spring!

What’s playing on the XM or iPod right now? MATILDA by Harry Belafonte

To a new office location.

Let’s see a show of hands. Who believes that Dorchester might simply be moving offices and the phones are currently being “switched over?” (see the added links in comments section of yesterday’s blog post.)

Hum… thought so.

So to my post of yesterday. I’m going to make my readers do a little work. I can’t hand over all the information on a silver platter. *grin*

I mentioned that Dorchester has disappeared and that I don’t think I’ll see a filing for bankruptcy any time soon. Now why do I say that?

Surely if a company is defunct they’ll file for bankruptcy, right?

Not necessarily….

So tell me why.

Meanwhile, all Dorchester eBooks are up and still for sale across all the electronic distribution venues. Where is the money going? We know for certain it’s not going to the authors.

Every night I sleep easy knowing that I fought tooth and nail to get rights reverted for each of my five authors who had backlist there when Dorchester first breached those contracts and weren’t paying owed royalties. Even for titles I didn’t represent on their behalf because it was before my time as their agent.

And I’m also happy to report that those authors are self-publishing those books and making a very nice income on backlist ebook sales. Want to support a former Dorchester author? Check out their offerings on the links connected to their names.

JANA DELEON
MARI MANCUSI
LESLIE LANGTRY
CAROLYN JEWEL

A happy ending for us but I feel for all those authors who couldn’t get their rights. I strongly recommend you reach out to the various agencies that support authors: Authors Guild, Romance Writers Of America, Science Fiction & Fantasy Writers, Sisters in Crime, Mystery Writers of America etc. I can’t list all of them here.

These organizations might be able or connect you with the right people who can advise you on next step if your rights are in question.

STATUS: Bologna Children’s Book Fair is almost upon us. Oi. Not ready yet.

What’s playing on the XM or iPod right now? MERCY by Duffy

On Thursday, I got word that the doors were locked, lights out, and the phones disconnected at Dorchester.

I know. Surprise. Here are links to my previous entries on Dorchester and its impending demise.

As a matter of course, I did touch base with my lawyer simply to see if there had been a bankruptcy filing. I’m actually not expecting to find one.

Now why do I say that?

Anyone? Anyone? Bueller?

I know a lot of blog readers have backgrounds in law so feel free to chime in via the comment section with your surmises.

More to come tomorrow.