Fountain/Baja files chapeter 11 bankruptcy
#1
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#3
Charter Member #34
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Location: Beautiful North Carolina
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Times are tough all around and especially in the marine industry.
It's all about cash flow and the cash is simply not flowing in the boating community.
Best of luck to them and the others having a hard time in this economy.
It's all about cash flow and the cash is simply not flowing in the boating community.
Best of luck to them and the others having a hard time in this economy.
#7
Registered
Doesn't mean he's going under. Ch11 is re-org, just like Lk Cumberland. Fountain has plenty of debt as shown and this can remove that but let him run still. Have to see what the exact outcome is.
Above he's right it's about cash flow, and despite fountains selling, some is not enough.
Wouldn't that be crazy if Mercury bought Fountain now?
Above he's right it's about cash flow, and despite fountains selling, some is not enough.
Wouldn't that be crazy if Mercury bought Fountain now?
#8
Lakeside Restorations.com
Commercial Member
Doesn't mean he's going under. Ch11 is re-org, just like Lk Cumberland. Fountain has plenty of debt as shown and this can remove that but let him run still. Have to see what the exact outcome is.
Above he's right it's about cash flow, and despite fountains selling, some is not enough.
Wouldn't that be crazy if Mercury bought Fountain now?
Above he's right it's about cash flow, and despite fountains selling, some is not enough.
Wouldn't that be crazy if Mercury bought Fountain now?
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We Make Fast Toys Faster, Cool Toys Cooler and Old Toys New!.. Performance, Custom & OEM Parts & much MORE![/CENTER]
www.LakesideRestorations.com 570-639-2628
We Make Fast Toys Faster, Cool Toys Cooler and Old Toys New!.. Performance, Custom & OEM Parts & much MORE![/CENTER]
#10
if i was good at photoshop i would put the Knight (hourse head) and put that in the middle like baja by fountain.
its to bad to see, but reggie is older now, made lots and lots of money over the years and probably said screw it, he doesnt want to loose what he has, doesnt want to poor money into the company and thats that.
to bad, id be surprised to see him come back at his stage of the game, but who knows.