Thanks for the update Glass, too bad for all the talented employees that have came and went. I got some sweet 1/2" anchor chain laying here if you know where J.D. and A.S are.
This company was a Ponzi scheme, and the lenders let them get away with it. Now, everyones paying.
Just found out yesterday that Key Bank filed in Connecticut Federal Court against Passport Marine on April 23.........
Is there any attorney or other knowlegeable person who can tell me why Key Bank would file in a CT. court and not in Florida when Passport was based in Aventura and Tampa Fl ?
CT. was just a spinoff location. I am curious .
Does that mean all of the boats that were re-po'd are locked up until the case is over?
Update......Where are they now?
I heard that Jim Dillon is now in Costa Rica.....Trying to start a Passport 11 ? They don't know him there.
Andy Sturner is laying low....Is having a major cash flow problem at Hi-Lift Marina, and problems with some of his investors.......
Does anyone have access, or can download the article in yesterdays Tampa Bay Business Journal?
They ran an article on Passport Marine that supposedly is pretty interesting. "Rough Seas in Marine Market impact Passport Marine" Anyone read it?
Those that are interested, you can pull up the entire Tampa Bay Biz Journal article on Passport Marine today. You have to hit a couple different journal sites to find the complete article but you can pull it up. My only question after reading it was:
What Happened to all the Money????????????
Most of the new boats/ untitled/ no issues went back to Formula. The used/demo/other boats went to National Marine in Ft Lauderdale. They have sold many of them already but still have a bunch on their lot.
Best deal I heard of was an 06 400SS/ Diesels for 220K......with a little over 100 hours
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