Anyone know if they just closed their US entity and now operate from another country or are they having financial difficulties?
[1] https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03...
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The Pine Microsystems becomes Pine Store Limited. Two reasons on such move:
1. Increasing complexity of business compliance and reporting paperwork when operates in California. Since Pine Store primary business is not in California, no interest to keep continue to have such burden.
2. Avoid legal mafia similar to what happens to Gnome on Q4 last year. Unfortunately, there are a lot of such legal mafias operate in State.
This move is not due to financial or politic reason. Pine Store Limited locates in Malaysia and Hong Kong.
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Given the state of relations with HK and the US now this may makes things more complex for them as well
https://en.wikipedia.org/wiki/Pine64
So just an entity move to a more favourable country.