Find fields & stores near you!
Find fields and stores
Zipcode
PbNation News
PbNation News
Community Focus
Community Focus

ReplyNews Ups
 
Thread Tools
Old 12-06-2020, 11:10 AM #22
Fox4paintball
Home of upTon 187 cRew
 
Fox4paintball's Avatar
 
Join Date: Mar 2005
Location: Upton, MA
Annual Supporting Member
Fox4paintball is a Moderator
 has been a member for 10 years
Fox4paintball is a Professional paintball player
 plays in the NXL
Quote:
Originally Posted by tweeter4 View Post
They didn't go looking for this? What about knowingly selling your biggest product at near cost or even a loss for multiple years while your company hemorrhages money and accumulates massive liabilities? They did a classic grow and blow business method.

They accumulated massive debt in order to fund a huge and aggressive market expansion to essentially own the space, then they copped out on the debt, claimed bankruptcy, restructured, and kept all the assets and IP at pennies on the dollar while everyone else is left holding the bags.

It should be standard law practice that any and all debt solvencies require a total sale and dismantling of the business.

I mean, did anyone else even have the chance to bid or offer on the existing business? Or did the consultants in Italias pocket that were "managing" the transition of assets just give him the business for pennies?
I agree that's what it looks like for certain - but based on conversations I've had that is not exactly how it went down. I stand by my previous statements - they didn't go looking for this.
__________________
Dave Painter
"Are you ready to play?"
DARKSIDE 10-MAN
Fox4paintball is offline   Reply With Quote
Old Sponsored Links Remove Advertisement
Advertisement
Old 12-07-2020, 11:43 AM #23
tweeter4
How is a PBN formed?
 
tweeter4's Avatar
 
Join Date: Mar 2007
Location: Pennsylvania
Annual Supporting Member
 has been a member for 10 years
tweeter4 plays in the PSP
 plays in the NXL
tweeter4 is one of the top 1000 posters on PbNation
Quote:
Originally Posted by Fox4paintball View Post
I agree that's what it looks like for certain - but based on conversations I've had that is not exactly how it went down. I stand by my previous statements - they didn't go looking for this.
I still will disagree, no one leverages this much debt and liabilities without knowing that bankruptcy and reformation is the plan. Unless they are just total incompetent morons, thats what they were doing. Everyone does it in every industry.
__________________
Bring Back Slow Paintball.

where were you, the day the forums died.
tweeter4 is offline   Reply With Quote
Old 12-07-2020, 08:36 PM #24
Paul77
Can't find my old account
 
Paul77's Avatar
 
Join Date: Sep 2016
Location: Canada
Annual Supporting Member
Paul77 supports DLX Technology
Quote:
Originally Posted by tweeter4 View Post
I still will disagree, no one leverages this much debt and liabilities without knowing that bankruptcy and reformation is the plan. Unless they are just total incompetent morons, thats what they were doing. Everyone does it in every industry.
im with ya, $25 million isnt just a "my bad", thats a long term slide and everyone from the director level up should have been well aware of what was happening/mis management.
__________________


Powered By Powerhouse Regulators, DLX Luxe X, Pro-Shar Paintballs, Prairie Storm Paintball

All my weird random paintball parts for sale on eBay feel free to PM me offers on here.


Paul77 is offline   Reply With Quote
Old 12-08-2020, 12:02 PM #25
p8ntball1o1
 
p8ntball1o1's Avatar
 
Join Date: Jun 2004
Location: NJ
 has been a member for 10 years
p8ntball1o1 owns a Planet Eclipse Ego
p8ntball1o1 owns a Planet Eclipse Ego
The paintball mafia is at it again.
__________________
p8ntball1o1 is offline   Reply With Quote
ReplyNews Ups


Paintball News Rules
  1. No Upping threads. If you have something to say, please do, but don't post in the thread just to take it to the top of the forum.
  2. Do not post "1st post", "1st", "First post" or anything similar (or with any other number) at any point in a thread, even if you post a comment too. It is really annoying and it will result in a ban.
  3. If you don't like something, say why instead of just calling it ugly, lame, gay or any other name. If it is old, simply post a link or report the post with a link to the older News thread.
  4. Please don't post links for places to buy items. That encourages stores, sponsored players and other people to do it and spam the site.
If you have questions, please post them in the Talk to Mods/Admins forum.

Thread Tools

Posting Rules
Forum Jump