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Here's a bit of detail on why: Although there were many good, long-term reasons for this to be a wise move for Soft Skull, there was also the brutal fact that we were heading towards insolvency. Our distributor went bankrupt December 29th, 2006 and although in the bankruptcy court horsetrading that resulted, we and most other publishers got 70% of what we were owed (which was Sept-Dec 2006 sales, a very important period in a publishers financial year), losing 30% is a big deal. Also, a complicated restructuring of the new contract we had to agree to in order to get that 70% significantly changed how returns are accounted for and, without going into those details, the net effect was an additional loss of $110,000 of working capital.

So basically we are now completely out of money, but the deal doesn't close til June 30th, so the only source of reveunue we will have for the next 5 weeks is direct sales, largely from our website...

That LoA sale is hardcore book porn. Did you really have to link to it?

Perhaps that ought to be hardcover book porn...

Richard: Thanks for the backgrounder. Good luck with the next six weeks.

Hermit Greg: Capitalism is all about freedom.

Caleb -- Just discovered your site. Thanks for the tip on the Jones Very firesale. But which is worst -- to be locked up in McLean, to be hung out to dry by Emerson, or to find your works remaindered?

Ben: Such are the joys of the writing life.

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