I'm sure you do

Lets expand

Were the 400 Fountain employees aware they were being "F#*&%D" ? (I'm sure they all wished they would have read OSO for this insight. Now they must feel like idiots for working there)

Did these same employees give a chit where their paycheck was coming from, even if they did work on Reggies house? oops, they were getting "F#*&%D" for working for a paycheck. My bad.

Reggie has ran FPB for how many yrs, and made Fountain what it is? Yeah, I'd say Reggie knows how to run a company. JUST MAYBE the economy has a hand in the hardship. Lets tear into all the other boat builders that have closed up.


Keyboard Jockeys!

Yes, the employees were working for a paycheck, but they also got "F#*&%D" with their 401k's and any future earnings that they could have had if the company had an owner/CEO/President who knew his ass from drain plug (about running a company). Reggie makes a nice boat, not runs a good company. Good CEO's don't blame the "bad economy" when business goes bad, they plan for such situations (its called "forecasting" or a "contingency plan", you should look it up). What he should have done is hire someone "smarter" than him to plan for hard economic times, not pick up a Baja line and keep pumping out new hulls so he could screw all the dealers too. If you took a moment to take off your "Reggie" colored glasses, you would see that he called the shots and then went down in flames. He got the glory for years and now he gets the blame because he was in way over his head, its very easy to see.

Have you taken a look at the balance sheet over there? They're upside down so far, that a trustee allowed their bank note to be sold before going to auction! That right there should tell you something. I'm sure all the people who own Fountains or Sell Fountains, want to believe the best...but reality tells a whole different story. Balance sheets don't lie, neither do Ch 11 trustees...

Post #40 here:
http://www.offshoreonly.com/forums/g...ve-rest-4.html

He has a track record. He did build Fountain into what it was...He also wrecked it...a few times!

I like how reggie doesn't approve of the oxford group buying the note. Well, BUY IT YOURSELF with YOUR money. And he keeps talking about the families, blah, blah, like thats all he cares about now. And if liberty is such a reliable partner, may they should have BOUGHT THE NOTE THEMSELVES. The first lien holder is the real OWNER. Reggie is about to become an employee at best.

He trying to be the owner/controller without using a penny of his money.

It's smart if he can pull it off, but the first lien holder is going to be calling the shots.

Curious, did they can the CEO of DONZI? They were sold as well.That is how most people with money do it, they never risk their own. Not sure why that seems to always be a surprise to people.

Tad rough don't you think? This economy has taken out a lot of businesses and thrown millions of people out of their jobs. I blame the fall of the boating industry on high gasoline prices, falling home values, and high unemployment nationwide not Reggies mismanagement. As far a screwing his employees, didn't he pay them what they were owed?

I bet Oxford is going to sell the note to Liberty at a handsome profit. Or they will hold on to it and simply collect the mortgage payments. Either way they will profit if Fountain continues as a company.

To all you jerk off keyboard jockeys. Erwin Jacobs filed Bako also. Name doesn't ring a bell. GENMAR. that includes Glastron, Larson, Carver, ranger, SCARAB...ect....he towers Reggie in net worth and is the largest boat manufacuter in the WORLD. Anyone want to start bashing him? How many times has Cig been banko? give it a rest.

Everyone is making it soound like reggie had a game plan to run the compnay into the ground. If you know reggie or even talked to him for 1 second you would know how he feels about his company. The man lives at the plant. I challange anyone who is barking crap to keep up with him for a week