All Romance Ebooks (aka Omnilit) is closing and I received the notice yesterday. So instead of writing I spent the day inactivating my books, removing links to them from my author websites, adjusting my sales spreadsheet, and reading reactions to the news.
This led me to doing my receipts and bills which is something I usually do on Tuesdays after my bank posts weekend transactions but didn’t do this Tuesday because I was sick. Then I caught up the accounting for my writing business because I’m going to be out about $780 because of ARe’s closure.
They’re offering to settle to avoid bankruptcy and legal action but I’m undecided.
Accept $0.10 on the dollar?
That’s $78 in lieu of the $780 that I’m owed. Knowing I can sue is worth $78 to me and $0.10 on the dollar is ridiculous.
But my cost benefit analysis tells me I should take the settlement because I won’t recoup the money owed and the stress of suing would not be good for me and my writing.
If I had the money, I’d sue for the principle of the thing, but 2016 has not been my best year. I didn’t publish enough and what I did publish wasn’t the stuff I can count on to make good money.
Maybe I’ll get them right in 2017.