Hogzy wrote: » CD is a digital format so the quality of an MP3 can easily match a CD.
Hogzy wrote: » Where as Vinyl is analogue.
Allyall wrote: » I think they said on the radio today that today was the last day... EDIT.. They are not redeeming vouchers..http://www.rte.ie/news/2013/0115/hmv-administrators.htmlhttp://www.independent.ie/business/irish/hmv-gift-vouchers-worthless-as-music-giant-collapses-into-administration-3353762.htmlhttp://www.kilkennypeople.ie/news/local/hmv-not-accepting-gift-cards-vouchers-1-4683194http://www.irishexaminer.com/breakingnews/ireland/hmv-confirms-stance-on-redeeming-gift-vouchers-581224.html
Smashius_Clay wrote: » Ah, for fuck's sake. This is ridiculous. The vouchers were bought for money which they pocketed, I should be able to use it to buy something. This is theft, pure and simple.
The association said it plans to contact the Office of the Director of Corporate Enforcement to see what might be done for out-of-pocket consumers.
It is not usual for administrators to honour gift vouchers and they do not normally give refunds for them either. But experts have started to question why consumers have no rights in this area, and say that urgent change is needed as more former heavyweights of the high street collapse. Dean Dunham, the founder of youandyourrights.co.uk, said: “We've got to see some changes in this area. It's almost theft. ”A gift voucher should be as good as a banker's draft. You should be guaranteed that you'll either be able to redeem it or
Mr Dunham urged consumers to fight administrator Deloitte's decision not to honour vouchers and gift cards. ”When Comet went in to administration, the first thing they said was that they wouldn't honour vouchers. There was a massive customer backlash and they changed their minds. “I would urge people with HMV vouchers to kick up a fuss. They may get a reversal.”
Custardpi wrote: » MP3 is a lossy format, by definition it's inferior to a CD. Whether or not you'll actually hear the difference or not depends on various factors but it's definitely not the same thing.
e_e wrote: » True, and I doubt many realize that vinyl and CD are far better quality than mp3 rips as well.
books4sale wrote: » I'm getting older, i'm getting deafer. I couldn't give a fiddlers, bring on the mp3!
Gintonious wrote: » If they knew before Christmas that this would happen, yet still sold vouchers and gift cards etc, and now fail to honor them, is that not wreck less trading? Or even fraud to a degree?
Rory1 wrote: » No it is not theft. You bought a piece of paper/plastic and the company now does have the ability to pay you back legally.
Suppliers including Universal Music came to HMV's rescue in January 2011 with a deal which helped the retailer shed some of its huge debt pile. But according to the Financial Times, they balked at a request last week from HMV for about £300m (€360m) in additional financing to pay off its bank debt and fund an overhaul of the company's business model
Custardpi wrote: » Personally I use both physical & digital as they each have their advantages. MP3 for when I'm out & about, CD/Vinyl for when at home. Hopefully they continue to coexist in some form.
books4sale wrote: » I rarely use my cd collection anymore, I just use 'Youtube' now when i'm working or other sources to get an album. My cd collection has become a mark of stupidity, a waste of my money money over a period of 20 years. I think the record companies and hight street stores have done well out of me over the years but in recent years I have been balancing those tables, ...and I don't feel one bit guilty about it, thieves the lot them. It's nice to get payback!
Allyall wrote: » Whatever about the legality of it all, The Company must have known they were F**ked at Christmas, and they Definitely would've known yesterday, and were still selling vouchers. That has to be some sort of theft. Getting the general public to pay off their debts..
Rory1 wrote: » They have been in serious trouble for a long time, there had to have been a development yesterday that meant they had to call in administrator. HMV issued a public statement before Christmas to say that they may breach covenants in January. The company effectively told the public that they were a risk, some consumers decided to take risk and buy vouchers.
Allyall wrote: » They didn't tell someone earlier on in this thread when he was buying vouchers yesterday. They were effectively selling him scraps of paper. Not worth sh*t. They have the law to protect them, but if i went out on the streets selling scraps of paper that weren't worth anything, to pay off my debts, i bet you €7,539,215.59 that i would get arrested, and some court time.
Rory1 wrote: » There is alway a cut-off when company is in trouble. One minute they are selling vouchers and accepting credit from suppliers, the next minute they are not. This is life. Something happened yesterday which meant they had to stop. You cant be arrested for just selling worthless paper. I'll take the bet
CEO Trevor Moore - who previously ran bankrupt photography store Jessops - admitted that he had been aware of the possibility of cheating customers, but defended the company's actions over the past few weeks. ‘We were aware as directors of this very issue and we have been monitoring both sales and redemption of gift vouchers,' he said. ‘When we made the announcement about not meeting our banking covenants, we still had a chance to address the issue with the banks so it’s not at all any form of mis-selling and we’re very clear what our obligations are.’
Allyall wrote: » ....Well, the thing is... I have to first convince them some how that the paper is worth €50/€25/€100 etc.. I think it happened last week. They were refused €360million or something, and that's when their trouble started.
Rory1 wrote: » Yep, you would have to convince them but the act of selling the piece of paper is not against the law. The whole process has been going on for a long time but there must have been one last chance that collapsed yesterday.
