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Tuesday, December 27th, 2022, 4:07 pm

Sirius Corporation and Debt-Dodging or Liability Evasion

Video download link | md5sum f385fee779a251d54417ae0c9fb5297b
A Company Valued at One Pound
Creative Commons Attribution-No Derivative Works 4.0

Summary: The company known as Sirius Corporation (founded 24+ years ago as company number 03633198) is not really operational and it is carrying debt*; we seem to be dealing with a truly dodgy business here, albeit it goes by the name “Open Source” (which is a lie)

THE 27th of December is treated like Boxing Day this year (due to Christmas happening or falling on a weekend), but Christmas Eve was 3 days ago — just 1 day after Sirius Corporation — the ‘parent’ of Sirius ‘Open Source’ — had filed the annual papers about the financial state (as of March of this year). Sirius ‘Open Source’ has been racking up a lot of debt and the same is true for Sirius Corporation, which is discussed in the video above. There is another shell, albeit it is based in the United States and it probably has its own debt crisis.

The way things stand at the moment, Sirius Corporation seems like a collection of shells. As noted above, we were pretty much forced (not literally at gunpoint but blackmailed using threats) to move to a newly-minted shell without any legal advice (before, during, or after the signing). We’ll revisit this subject later this month.
* We’ve made local copies of two PDFs [1, 2].

Sirius loan
Jumping from one loan to the next [1, 2] (and one shell to another)

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