Bye Bye Fountain Stock
 

Fountain will be De-listed from the NYSE...

http://www.tradeonlytoday.com/index....-delisted.html

This is the kicker:

Fountain also was not in compliance because the aggregate market value of its publicly held shares has been less than $1 million for more than 90 consecutive days.

Mkt value of less then 1 Million? The land that the factory is on is worth more then that I am sure....I'll buy Fountain for less then a mill...anyone want in with me?

That is the key. I'm sure Reggie has a large block of privately held ownership. I would not be surprised if Fountain Powerboats leases it's plant from Reggie.

Yeah, Reggie is not going to be out on the streets anytime soon.

What you would also get is the $25 million in debt. And the land is mortgaged in that debt figure. Fountain owes it's soul to the bank.

Hope they can hang in there!
 

Understand that just a few months ago the State of NC or County gave Fountain a 12 million dollar loan just to save the jobs at the plant! I hope they can hang on and survive, be a shame to loose a fine performance boat builder like Fountain! Damn the people who screwed up our Economy!

Best Regard,
Ray @ Raylar

with that ego i bet he is leveraged to the hilt on the factory/plant/real estate

I hope he (Fountain) can survive...but it sounds like he's toast.

How did/does it work now that he builds the Baja's seems like he would be like Chevy/Gmc/Pontiac, Toyota/Scion, Dodge,Chrysler. Seems he should be worth more with two lines. Bad part nobody needs a boat so if he is broke I dont see a bail out and I would hate to see him fail this way I still am not going to buy either of the boats he builds.

AWSOME!!! Now Reggie doesn't have that hassle anymore. Now what are the finger pointing idiots going to gossip about? I can tell everyone this. Fountain is doing well. Not great but well. Reggie and stall will streamline that plant down and make it through. One thing about Reggie that sets him apart from all the rest.....hard work. If Reggie himself has to layup boats or detail himself he will do it. Nothing is beneath him. I think this delisting is a load off of his shoulders!!!