I would buy a boat from them without concern. I think they will be around for a long time. Call Tony at the factory. He will take care of you.

Thank you all. I appreciate the responses. I have read nothing but positive information about what Reggie has done to the Baja line-up. Thanks again.

Here we go again

Unbelievable, it's like a day time soap.

“This group said they can run the operation better than I can. That’s like me saying I’m flying to the moon in my new rocketship today,” Fountain said.


well..if the operation ran so well, why did the spaceship crash..and Reggie is defending his piloting skills as the craft lay there bent broken and smoldering, and he's pizzed because the scrappers are trying to haul chunks of it away

I think that is a very telling article and interviews, I believe both got into situations neither planned or wanted to be in, I think both Oxford and Reggie tried to pull a fast one, on each other and now their stuck with one another.

I only see two outcomes

1. Reggie Mans up buys debt from Oxford, keeps company runs it like he wants. I am sure they would let note go for the 6.5mil they have in it. I feel confident he has enough investments, property, and savings to cover it. Keep in mind he comes out way ahead this way he will get rid of 19mil in debt for only 6.5:eek: self bailout.

2. Oxford takes ownership of assets and Reggie leaves, (so will sales, lets be honest) resulting in them selling off assets and maybe coming out a little ahead or a little below but at least out.

WOW, what a crappy situation to be in:angry-smiley-038:

"well..if the operation ran so well, why did the spaceship crash..and Reggie is defending his piloting skills as the craft lay there bent broken and smoldering, and he's pizzed because the scrappers are trying to haul chunks of it away"

Why the crash? Not rocket science (no pun intended). Not long ago with fuel at $4-5/gallon, and prices climbing so fast people were worried they'd be seeing $7-10 dollars a gallon soon, coupled with the general sinking state of the economy (housing, jobs, auto makers, etc), it's easy to see what happened. And the Fountain company wasn't hardly alone. Lot's of businesses took a hit, or went under, especially in the areas of recreation vehicles.
And as the saying goes, "In a bad economy, the first thing to go is the yacht."

But IMO Reggie couldn't have gone 30 years in this game if he wasn't an expertly qualified at what he was doing. Personally, as a boat consumer, if a bunch of investors were at the helm of Fountain I'd be seriously worried that the quality of the Fountain product would suffer, for the sake of a better profit margin. I think the smartest thing the investors could do would be to concentrate on expanding sales avenues, and leave Reggie at the helm to run the show. He's the reason Fountain exists.

With the economy starting to show signs of improvement and fuel prices stabilizing I'm betting Reggie will pull a rabbit out of his hat in December, and much like his race history, he'll come out on top (again). Go Reggie go!

SR-71
Belhaven, NC

how maney checks u wrote for offshore racing ! reggie sponsered racing a long time , takes a lot of cash to do that . i doint see anybody elese doing that . shure as hell not you . robbie