Fountain Powerboats file for Chapter 11 Bankruptcy ....again

[Offshore Ginger]

Read more http://www.tradeonlytoday.com/home/518148_fountain-powerboat

 

[Ratickle]

Hey Artie, isn't that interesting?????



Maybe they spent too much money on Powerquest molds????:sifone:

 

[Offshore Ginger]

Paul , yes it is very interesting , and where is Clarmount when we need a statement at this time .:huh::rofl::rofl:

 

[Slandrew]

Sad someone won't float them&Donzi?:huh:

 

[Ratickle]

Some of their issue may be legal fees because it seems as if everyone is taking a shot at them. But, at least they are still operating....

 

[Donskihp]

The really sad part is American Holdings (Donzi & ProLine) were doing OK until Liberty got them!

 

[jdoss]

Reggie to the rescue,
Haven't herd anything about RF boats for a while.
He's prob sitting outside the gate waiting to get back in. for pennies on the dollar.

 

[Donskihp]

He's staying busier than ever restoring and rigging old Fountains boats in his new facility, I don,t think he'd go back if they begged him

 

[C35]

not a reg fan but i sure as hell wouldnmt bet against him. i expect a big $ fountain ipo in 3 or 4 years. when the biz rebounds you know damn well hell be right there.

 

[Ratickle]

I wonder if a judge would even believe this?????


From the article:

The company listed more than $53 million in liabilities and less than $50,000 in assets, according to court documents.


$50,000 in assets? :huh:

 

[Wrinkleface]

Just sad 2 C so many big names get'n gone due 2 the world, Beakers, Black Thunder, etc etc!!! feel 4 the lost employees & families!!!

 

[rschap1]

$50,000 in assets?

Where'd it go? ? ?

 

[Offshore Ginger]

C35 , its going to be a longgggggggggggggggggggggggggggggggggggggggggg time ........................... before the biz rebounds .

 

[C35]

i saw a few yrs ago the spider web of corps that rf had set up. im guessing that the assets were hidden in that maze. transfer the molds to a co and lease them back. put the trade name in another and licence it. say what you want- he's the smartest guy ever to be in the boat biz.

 

[C35]

C35 , its going to be a longgggggggggggggggggggggggggggggggggggggggggg time ........................... before the biz rebounds .

youd be surprised. ive been watching and credit is loosening. once that happens homes will start selling and value goes up. now youve got equity again. americans dont like not having the stuff they want and theyll sign their lives away to get it.

 

[Donskihp]

i saw a few yrs ago the spider web of corps that rf had set up. im guessing that the assets were hidden in that maze. transfer the molds to a co and lease them back. put the trade name in another and licence it. say what you want- he's the smartest guy ever to be in the boat biz.

Reggie was a Lawyer back in the day, he should be good at creating a big web

 

[Ratickle]

Reggie was a Lawyer back in the day, he should be good at creating a big web

I did not know that. I guess you learn new stuff all the time no matter how old.....

 

[C35]

if you pulled darth vaders helmet off i think youd find reggie.

 

[Donskihp]

If you pull Reggies Hair off what would you find?

 

[Offshore Ginger]

If you pull Reggies Hair off what would you find?

:rofl::rofl: good one .