Galnet News

OCT 3303

SEP 3303

AUG 3303

JUL 3303

JUN 3303

MAY 3303

APR 3303

MAR 3303

FEB 3303

JAN 3303

DEC 3302

NOV 3302

OCT 3302

SEP 3302

AUG 3302

JUL 3302

JUN 3302

MAY 3302

APR 3302

MAR 3302

FEB 3302

JAN 3302

DEC 3301

NOV 3301

OCT 3301

SEP 3301

AUG 3301

JUL 3301

JUN 3301

MAY 3301

APR 3301

MAR 3301

FEB 3301

JAN 3301

JUN 3301

Galactic News: Problems at MetaDrive?

27 AUG 3302

Independent auditor BigSix has reported various anomalies in the accounts of MetaDrive Inc., a company based in the Chi Orionis system specialising in hyperdrive research.

Reviewing the company's financial records, assessors found evidence of a series of payments to undisclosed suppliers but none of the corresponding checks and balances.

"It's a big mess," said the senior auditor of BigSix. "The company is being placed in receivership. It needs a buyer, and quickly."

Femi Dakarai, the chairman of MetaDrive Inc., was not available for comment.

Following the news, shares in MetaDrive Inc. plummeted. But a short time later, Sirius Corp unexpectedly volunteered to prop up the company.

"We've been interested in collaboration for a while," said the marketing manager of Sirius Corp's hyperdrive research division, "and were in talks over licensing MetaDrive's exciting new technology. We have no desire to see them go under."