Outerlimits Sale Complete

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12-03-2015, 10:00 PM

#41

offshorexcursion

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Wonder why Dustin Whipple has been so quiet lately...........

12-04-2015, 10:57 AM

#42

Canuck B Crazy

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Quote:

Originally Posted by JJ30

They where Not in receivership while mike was here running his company. The company was put into receivership after Mikes passing just to finalize the sale of the company. Just a clarification.

First I have no idea about the status of OL. Could see an executor of an estate put them in receivership and negotiate with the creditors. In some states an executor can become personally liable for the estates debts. So you want to be very careful if you are one. Receivership, negotiate and get the deal in writing court approved, creditors can't come after the executor latter on.

12-04-2015, 11:12 AM

#43

pasquesi

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Quote:

Originally Posted by Jupiter Sunsation

Starting at zero debt and fresh capital injection could make for a good start!

Mike started with nothing in 1993 and was still going almost 23 years later shows the model can work.

Unless the company was heavily in debt and borrowing just to stay alive.

12-04-2015, 06:42 PM

#44

skater40

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Quote:

Originally Posted by offshorexcursion

Wonder why Dustin Whipple has been so quiet lately...........

If you follow there facebook page,you will know he is very busy building for ford and gm.
Boat superchargers are a very small part of there business.

12-04-2015, 09:20 PM

#45

Marginmn

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The boats that have come out of the factory in the last year appear to be as beautiful as ever. Good luck to all involved.

12-04-2015, 11:22 PM

#46

Joe

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what did sgro have to do with a boat theft ring? presuming it's the card shark thing????

12-05-2015, 10:05 AM

#47

pslonaker

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yes Joe was part of the Cardshark deal, so was 15 other people, but members on here only want to blame Bgchuby

12-05-2015, 10:09 AM

#48

Jupiter Sunsation

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Quote:

Originally Posted by pslonaker

yes Joe was part of the Cardshark deal, so was 15 other people, but members on here only want to blame Bgchuby

hate to play Capt Obvious but wasn't Bgchuby the one who took it.......had he not started the Myco rolling then the wood chipper would have remained idle no?