Fountain/Mercury/Baja
 

If Merc owns Fountain (or much of it anyway) and Brunswick owns Merc and Brunswick owns Baja then how did Fountain buy Baja?

Anyone know the story?

I'm guessing it's Brunswick playing a shell game.;)

They are publicly traded companies......they still maintain their own board of directors etc. They can go in the direction they choose. There is no telling what percentage of these companies stock are owned by another.

Another stupid thread. BRUNSWICK HAS NO INTEREST in Fountain.

Not accurate
 

Mercury and Brunswick DO NOT own Fountain

www.teamshogren.com

Thank you Team Shogren.

Brunswick owns Merc
Fountain owns Baja

Brunswicked sold/gave Baja to Fountain to make sure that they all stayed alive.

Did they? enough with the speculation threads!!!!!

Here's the deal right out of Fountain's 10-Q:

On May 28, 2008 the Baja by Fountain, Inc. subsidiary borrowed $4 million from
the Baja Marine Corporation (“Baja”) to finance the acquisition of certain
assets from Baja. This indebtedness is evidenced by a promissory note (the “
Baja Note”) issued to Baja Marine Corporation pursuant to the Asset Purchase
Agreement and in connection with the Engine Supply Agreement between the Company
and the Brunswick Corporation. The Baja Note is guaranteed by Fountain Powerboat
Industries, Inc. and is secured by the assets purchased from Baja and certain
replacement assets Baja By Fountain, Inc. acquires or develops in the future, if
the assets are used solely to manufacture and sell boats under the Baja name.
The Baja Note bears 7% annual interest. No principal or interest is due under
the Note until June 30, 2020. At that time, the Note will be cancelled without
payment by the Company, if the Company has not defaulted on its obligations to
the Brunswick Corporation. In addition to normal cross default provisions common
in promissory notes, breach by the Company of either of the two Engine Supply
Agreements described in Note 4 of this Report would cause all principal and
interest under the Note to become due.

Still means nothing in todays market...

Looks to me that if Fountain continues to purchase exclusively Merc engines and drives for the duration of the agreement, Reggie gets Baja for free. Hard to beat that deal with a stick. There is a market for Baja's, and it seems that they will continue to build them as they were, in terms of styling and design, with a few material and construction upgrades. The majority of todays buyers seem to prefer Merc / Blue power anyways, so how can they go wrong here? Brunswick / Merc gets two of the largest volume builders using only their products, Fountain adds Baja to their product line and ups their overall volume, Win - Win deal in my book.

Another stupid response....
If Merc owns or controls .1% of Fountain then Brunswick has an interest in Fountain.

Tell me Fountain is not in bed with Merc.

They have exclusive powering agreement. Brunswick owns other boat companies but does not own any stock in any other publicly traded corp. including Fountain. Only entity that owns more than 5% of Fountain is Reggie who owned about 51.6 % last time I looked it up.

do you have a copy of the "note 4"? just curious

Thank you, ahhhhhh....a factual answer.

Exclusive powering agreement? They quoted me on a Baja with an Ilmor in it only a month ago. I decided to go with another boat but they did offer the Ilmor as an option.

Once again PISMO...Stupid thread!!! Fiat owns Ferrari. So what. this thread was started for one reason. to stur up crap. and it worked. Brunswick has no interest in Fountain...period. and even if they did. does it matter. So people can bash Fountain and make dumb alligations and start rummors?

And one last note. The only reason anyone THINKS they know all there is to know about Fountain, Merc, Brunswick is because they are public. People are noisy and like to spread rumors and gossip. Lets look into Skip barbers finances or Mike Fiore.....ect. How did they or do they get there money. Anytime there is bashing to be done Fountain is in the middle of it. FACT: The boating industry would not have nearly the technology, saftey, speed or the races or the knowledge if Fountain was not around. That is a fact. Live with it!! Fountain Powerboats and Mr. Fountain have put more into this sport, hobby or past time than ANY OTHER boat company. period. NO One has put forth the effort or the money to make this sport what it is today.

It's all here:
http://moneycentral.msn.com/investor...sp?Symbol=FPWB

Well that pretty much sums it up. There is only one guy and everyone else is worthless. Kind of sounds like the guy we have in the White House.:eek:

Go f**k yourself, I wanted to know what was going on, that's all. If you want to read some childish personal attack on your precious Fountains so be it. Grow up.

Gheeezzz. So touchy....Such a simply question and yet you read into it so deeply. There is nothing to read into, it is a simple question.....Get over it.

What does Skip Barber have to do with this thread...last i heard, he owned a driving school... ;)

Absolutely nothing, this guy has a major burr up his a$$ about something.

"Mr. Fountain have put more into this sport, hobby or past time than ANY OTHER boat company. "

Like it or not, THAT is a factually accurate answer.

Matter of opinion really. Ever heard of a man named Don Aronow? He would probably laugh at that statement.

Thanks Skull,

"Engine Supply Agreement – The Company has an Engine Supply agreement with Brunswick Corporation to purchase all marine engines from Mercury Marine, a division of Brunswick, except for products in categories in which Mercury does not manufacture or are unavailable from Mercury due to production shortages. "

Don who? nope never heard of him. I know a Don Ho, he used to be a singer on the island of Hawaii.

So with this in mind would the fact that Mercury doesn't offer a V-10 nor a naturally aspirated 600 or 700hp be the loop hole. Interesting!

Were he not six feet under due to some of his extracuricular activities and apparently charming personality.

At least Reggie has not pizzed off someone to that extent.

I met Mr. Aronow as a child at the 188th Street plant; my father bought the first 20' Cigarette that Don made (and owned a 27' Magnum Sport for 18 years, plus a 16' Donzi, and two 18' Donzi's), so I know Aronow. I disagree, I have never owned a Fountain, nor do I have love (or hate) for Reggie. The bottomline is he helped raise the bar in V-bottom performance boats. Skater took it to another level (in catamarans), but that is a different thread.

I will stick with my comment, factually accurate is right. Your opinion is just different from the facts. Have a good summer.

You need to post a larger version of Mrs. Perfect's shirt!

I can't read the bottom line, and think it is something worth reading.

I do know his daughter is hot...

http://license.dashgo.com/Images/Use...000_dashgo.jpg

Is that Reggie's chain?

The bottom line is quite important!

The performance boat world started before most of the players alive today were born.

Just go up to the boat museum in New York and look at the large wooden boats with Packard V-12 engines that ran 70 MPH back in the 40’s and 50’s.

Don Aaronow in my opinion did more than anyone to establish the concept of performance boating as we know it today and bring us the icon brands we know.

I feel it is much larger than just one man or just one company.

Stir stir stir

Isn't Brunswick/Mercury holding a large amount of Fountian debt besides the Faja deal?

Is your name Reggie , cause you are the one that seems to be the all knowing one around here.:eek:

well for example.....AUGIE58 just made a comment....doesnt merc hold a bunch of debt for Fountain. Outside of the day to day billing NO they dont. Yes Brunswick gave Fountain a loan for I believe 18 million. In exchange for the POSSIBLE exchange of stock. Fountain repaid the debt and Brunswick choose not to take the stock. Once again all public information. Im sure no different than all other boat builders do buisness. The only beef I have is everyone is so fast to jump on these threads and stir crap. Can we see Outerlimits money trail? Cigs money trail? I am sure its very simular. My point is Fountain has opened there books so everyone of the financial geniues on these threads can ask dumb questions as if they want Fountain to fail. Just like the threads on Lake Cummberland Marine. Does it make everyone feel good to read this crap? We are all on these boards because we love boats. BOATS!!! ALL BOATS. I wish there were more positive threads.