carcrash

Its not over! This is an interesting development. I personally would rather see an investor who is specifically savvy in the performance marine business, so this sounds like an improvement.

And makes it sound like RF was not a secret investor in Oxford.

In any event, its pretty clear that the fat lady has not yet sung.

pwam1

linky no worky for me

RaggedEdge

The link did not take me right to the article but I entered Fountain Powerboats in their archive search and it came right up. Interesting reading.

One would assume that Liberty would be willing to pay more than the 6.5M that Oxford has in the Nations Bank note. The property / acerage alone on the Pamlico must be worth more than that.

The notice I received ( as a stockholder) from Northern Blue, LLP on behalf of Fountain Powerboats states that the auction shall commence at 10 o'clock a.m. on October 5, 2009 at the offices of the debtor ( FPB Inc. ). The deadline for parties wishing to submit bids and participate in the auction to enter a qualifying bid is 4:00 p.m. on October 1, 2009.

The Court has scheduled the final hearing to consider approval of the proposed sale in the U.S. Bankruptcy Courtroom in Wilson, N.C. at 9:30 a.m. on October 9, 2009.

Looks like this is up in the air till the Court hearing on October 9th.

fountain1fan

this is what was on tradeonily today . http://www.tradeonlytoday.com/home/5...-restructuring hope this goes through robbie