old news???
11-03-2012, 04:51 PM
#4
Of course. Nobody at the present "Fountain Powerboats" is anything other than a businessman looking to make a profit on the name they bought. I have heard "0" about them going to Key West or involved in any kind of racing or even performance testing. Looks like they are trying to sell solely on the name.
Not that Reggie wasn't a businessman, but he also knew how to build a damn fine performing boat.
Not that Reggie wasn't a businessman, but he also knew how to build a damn fine performing boat.
11-04-2012, 07:52 AM
#6
Charter Member
It's hard to keep track of who/what they are talking about when it's said 'Fountain' this, 'Fountain' that.
__________________
Some people are like Slinkies - Not really good for anything, but they
bring a smile to your face when pushed down the stairs.
Some people are like Slinkies - Not really good for anything, but they
bring a smile to your face when pushed down the stairs.
11-04-2012, 08:41 PM
#9
Registered
No phone got stole, lost everybodys number.
New one will be here this week but I am in GA.
e-mail it to me [email protected]
Sorry for the Hi Jack
New one will be here this week but I am in GA.
e-mail it to me [email protected]
Sorry for the Hi Jack
11-15-2012, 09:30 AM
#10
Registered
In the last paragraph of this article which states Fountain owes more than $53 million... , this is referring to the investors that bought the Fountain Factory, not Reggie himself. From what I've read Reggie washed his hands of company debts during his initial bankruptcy, then the investors that took over the Fountain Factory and incurred the company debts. The investors hired Reggie for a short time. Then the investors and Reggie had a falling out, and Reggie washed his hands of the investors and walked off. (I'd love to know why!)
With FPB (Fountain Power Boats, i.e., the investors) now waging legal proceedings against FPM (Fountain Performance Marine - Reggie's new company), I don't see anything good coming from this, particularly when it comes to future sales and service of Fountain products. In my opinion, without Reggie running the entire Fountain show, quality will take a back seat, to maximizing profits.
It's a mess for sure, but how's this for a suggestion?
1. FPB sells Reggie back the Fountain assets and his company name so he can start building and servicing Fountains again
2. In exchange, FPB and FPM work out a deal to where FPM pays FPB a percentage of their Fountain boat sales and service until an agreed to amount is exchanged
3. FPB gets out of the Fountain business totally, which frees them up to concentrate building their other boat brands (and they get a new company name)
The pro's? Legal fees are eventually eliminated on both sides. Fountain owners know they have a solid facility to rely on for sales and service. Reggie can do what he does best. Donzi, Pro-Line, and Baja sales pick up. People get put to work. And the Fountain investors eventually get some return on their investment....
Or I guess the alternative is, let this mess bounce around in the court system for the next decade or two. Then only the lawyers win.
Only my opinions and suggestions being expressed here, for whatever it's worth.
With FPB (Fountain Power Boats, i.e., the investors) now waging legal proceedings against FPM (Fountain Performance Marine - Reggie's new company), I don't see anything good coming from this, particularly when it comes to future sales and service of Fountain products. In my opinion, without Reggie running the entire Fountain show, quality will take a back seat, to maximizing profits.
It's a mess for sure, but how's this for a suggestion?
1. FPB sells Reggie back the Fountain assets and his company name so he can start building and servicing Fountains again
2. In exchange, FPB and FPM work out a deal to where FPM pays FPB a percentage of their Fountain boat sales and service until an agreed to amount is exchanged
3. FPB gets out of the Fountain business totally, which frees them up to concentrate building their other boat brands (and they get a new company name)
The pro's? Legal fees are eventually eliminated on both sides. Fountain owners know they have a solid facility to rely on for sales and service. Reggie can do what he does best. Donzi, Pro-Line, and Baja sales pick up. People get put to work. And the Fountain investors eventually get some return on their investment....
Or I guess the alternative is, let this mess bounce around in the court system for the next decade or two. Then only the lawyers win.
Only my opinions and suggestions being expressed here, for whatever it's worth.
