i'm confused as to why saber would be shut down as a result of this? parnell?

http://www.mlive.com/news/grpress/in...l=6&thispage=1
the whole 5 page article

??????????

there is a 2nd story in todays press about saber marine. acording to the press they took wickedwon in on trade. turned it over to mike v. to broker i think and never got paid. big ticket boat big lose. its realy sad the saber boys are the niceist guys you could meet.

todd

heres a link
http://www.mlive.com/news/grpress/in...910.xml&coll=6

if they just brokered it would'nt they still have title and legal ownership of w.w.?

This article was an unfortunate bit of speculation and is not entirely true. Saber is not "shut down" and is not involved in this other than as a creditor of this individual and his actions. He purchased WW and did not finish paying for it. It's now a matter for the courts and life goes on. Saber is one of many people affected by the actions of this individual. NK

thats great news parnell. you and doug will make it happen. best of luck and see you soon.
todd

good to hear the truth, best of luck in getting things worked out. From the way I'm reading it, if the deal wasn't totally done on WW, then it is still owned by the seller. I hope thats the case, I would hate to see that boat wind up just sitting in litigation.

Over the years I've seen these "high rollers" come and go. They always screw the good guys and exit quickly. It's a shame to say the least!

That could be one hellova court battle. The article said saber took it in on trade then sold it to Vorce to re-sell. It said saber only received a small down payment. So one would think it would be sabers boat, but... it also said that he forged the title as a 2003 in his name. He then took a loan against it.

So... I would think the bank will tell saber to get lost since the bank is a lein holder on the title. Even though the title was forged the bank would tell them to take it up with the state since they didnt catch the false title.

Sounds like the same thing happened with the Hi-Lite. I hope it wasnt steve leasing it to him.

What a mess! I feel for all involved. I am surprised he can still walk.