Todd Hartigh

Maybe if he didnt waste so much on all of the cat killer videos he would have some money left. You don't see the other big name boats producing BS videos to try and sell more boats.

They pizzed money away like it was water on racing and poker runs!

tomtbone1993

iTrader: (3)

i disagree with all the talk value he got. Those videos are cheap advertising.

I blame it on the gread of the banking industy. They made loans that should have never been made, and now have pulled the plug on lending for anything across the board.

"I am referring to the tons of bad home loans"

ZXXX Donzi

Chapter 7 is personal bankruptcy. You won't see that unless Reggie is a guarantor or obligor. I doubt he is

11's can take a while. Various secured lenders can get a lift of stay before it is all over. Earlier lift of stay grants are usually reserved for asset based lenders that may actually own assets of the company. It is all up to the trustee now.

Companies with a big name often emerge. It just depends on what someone wants to pay for the name.

TEAMBAJA

I heard some Baja molds were spotted today heading up Rt 77 towards Ohio........

db71

This is no suprise. Hopefully they will get leaner and come out of it wether you like Reggie or not everyone should agree he has chamged and helped the industry. I personally think he should have never even touched the baja deal even if it didn't cost him anything up front it still cost he has to market the product etc.

db71

The next one will be Mercury they can file br get out of thier union contact downsize and never look back. Then maybe boats will come down to a price range that is not ridiculus

PURPLE HORNET

If they were headed back that way you know why so spit it out and stop beating around the bush. I assume their was a 42 mold on that trip also.

Good luck Reggie I hope you pull threw it.

hooky40

You are correct, however, after taking a quick look at their financials, they are bleeding cash and have maxed out debt. The companies "assets" are tied to making good on the loans to acquire their facilities/equipment, which they have now admitted they can't pay by filing ch 11. With a trustee appointed by the court, there will have to be either a viable change in business plans, an acquisition, liquidation, or combination of those 3. In todays economy, no business in its right mind would buy a company and its assets while it is unprofitable, especially when they already went into ch 11. Some larger brand will wait for it to fail to emerge from ch 11 and then will buy the name on the cheap when the debt and assets (inventory, as all cash will be gone) are gone to the lenders. I think it's terrible for the employees and dealers and all related to the situation, but i think Fountain as we now know it is done.

PARADISE ISLAND

I'm die hard Fountain fan hope they pull out of it!

Dirtybyrd

is an assumption considered "beating around the bush" (Purple Hornet)?????????????
kiss a$$