My 2 cents...

The end result will be much different then anyone realizes. With a large corporation like this anything that one thinks is going to happen is usally furthest from the truth. Then again it is the marine industry.

I found thier website it says they have marine industry experience. My assumtion is experience in marine in a good market without tight lending standards. My theory is the greatest business plan and an even better motto is great but if you don't have customers to buy then it doesn't matter. I'm sure Reggie had a great plan and we know he had a motto. The only way housing is slightly recovering in some areas is because of the $8000 tax credit. I don't see them doing that for boats. I think reggie talked someone into something based on past numbers and when it is all said they will want out quicker than the bank does now.

Not if the defence industry starts buying more boats

Defense is being funded more to fix everything that's wornout in the Iraq/Afgan.. New programs are backburner.
ed

well said, scott.

Interesting....Scott are you going to KeyWest?....I sure am thirsty

[QUOTE=TeamShogren;2957781]The Oxford Investment Group owns the note and unless they get outbid at the auction and decide to sell the note (which is highly unlikely) they will then own the company. You most likely will not see any formal announcements until October 9th from them. This is a very well funded investment company with "ALOT" of experience in boat building. They are very smart and have alot of ideas and more importantly they have a business a plan & motto. It will be a different company in some aspects and the changes they want to make will do nothing more than benefit the end user. As a Fountain only dealer for the past six years I will tell you I could not be more excited about what will be coming, VERY EXCITING, Stay tuned but do NOT expect to hear or see much until October 9th.

Regards,

Team Shogren
www.teamshogren.com
Fountain & BAJA By Fountain
847-336-9037[/QU


Scott always tells it like it is. No smoke and mirrors. Just the truth.

glad they have a motto...that is important...

jk scott...

are these the guys? if so, it would appear they have some experience in manufacturing concerns...

http://www.oxfordinvestmentgroup.com/homepage.html

I guess I am not a wall street banker so I don't know what "owns the note" means. Does this mean they own the company out right? Did they purchased the debt?? Does this mean they purchased the company? Where they first inline with "secured debt" to FPB? So they get the assets?

This deal is starting to smell pretty rotten to me, like FPB will be auctioned and only those "invited" will be allowed to bid.

I have heard through a good source that Oxford will try to make the company work and if they cannot they will liquidate it. I have looked over their portfolio and do not see any marine experience. Seem they have dealt with manufacturing companies that sales are based on huge manufacturing contracts.... No such thing in the boat business. Do they really think GE is going to give their dealers floorplanning right now? Just food for thought....

Is Oxford going to cover the Warranty on all boats built before their purchase... A question fountain owners should ask?

I am not willing to buy a boat from a company that may or may not survive.

Here is the link to their Portfolio http://www.oxfordinvestmentgroup.com...tprofiles.html