| Author | Message | ||
     Buelliedan |
yes it disqualifies him as he was an owner. I heard that the only way he could be associated with a new company is as an employee. He cannot have any ownership. | ||
| Court |
I love surprises. | ||
| Mr_grumpy |
I would guess that in the fullness of time Erik could be associated with the new company as a consultant & get remunerated with stock. "The Canfield Motor Company" has a nice ring to it don't you think.  | ||
| Wolfridgerider |
Hey Jarhead, You got any idea when we might hear some concrete news? | ||
| Lake_bueller |
yes it disqualifies him as he was an owner But it doesn't disqualify any of his family members....just food for thought.} | ||
| Hughlysses |
But it doesn't disqualify any of his family members....just food for thought. Hmm, TBR racing has a nice ring to it.  | ||
| Ferris_von_bueller |
Trump/Buell Racing? LOL...hey, apparently, he has 9 billion dollars I think he can spare a hundred million. | ||
| Ourdee |
I want to be surprised. | ||
| Hughlysses |
Trump/Buell Racing? LOL...hey, apparently, he has 9 billion dollars I think he can spare a hundred million No, I was thinking of Erik's wife. (Message edited by Hughlysses on June 16, 2015) | ||
| Ferris_von_bueller |
I was joking | ||
| Mr_grumpy |
Eddie Buell Racing, then they can keep the same logo & save a rebrand. | ||
| Ourdee |
It will still be EBR. | ||
| Discochris |
If that's true, I suspect that Hero had no knowledge of the unique receivership law in Wisconsin, that doesn't exist everywhere (anywhere?) else, which is pretty funny. | ||
| Discochris |
Regarding Motus vs. BMW or whomever… BMW has taken some hits as of late with reliability. The final drive issues, the stop sale on the new RT last year etc. would make me likely to buy any number of other bikes. But that said, BMW is a long-established company with a decent track record. Motus is nothing, much like EBR, and really less than EBR, because at least Erik had a good resume running a division of a company and designing and building bikes. How many startup/restarts of motorcycle brands have been successful? Buell had HD money behind them. Victory has Polaris money behind them. Indian has been passed around like a hot potato. I'd bet money that Motus ends up like Excelsior-Henderson more than Victory. The only really successful startup/restart in recent (meaning 20-30 years) independent of a major company would be Triumph. Motus has long odds. | ||
| 2kx1 |
Ducati has been restarted almost as many times as Indian. Mv Augusta has been restarted 4 times and has gone from 3k to 12k bikes in the past 3years. I am hoping EBR can get up and running and has the ability to add another less expensive product line quickly. | ||
| Gentleman_jon |
The only reason that Triumph was successful, is that the company was restarted by one of England's most successful business men, John Bloor. He is England's largest private homebuilder, and a business man first, not just a gear head with a dream. | ||
| Figorvonbuellingham |
The guys who bought the $10,000 RX's probably made a very good decision. | ||
| Malott442 |
I'm trying to be one of those guys | ||
| Buelliedan |
Motus has a very strong financial backer. They have zero debt right now. I am on the fence about whether to sell them or not. | ||
| Court |
Moths has zero debt? | ||
| Court |
By the way ......I'm not questioning the fact but rather the practice. For a company .....that has yet to generate the first $1 of revenue......it evokes more questions. When my company started ....it had a fair amount of debt to me. | ||
| Buelliedan |
That is what I was told. Zero debt. | ||
| Reepicheep |
I was thinking the same thing Court is getting at. If I spend a fortune of my own money to start up a company I am sole owner of, I either already took a big loss, or the company is in debt to me. So one can claim Motus had a huge loss but has no debt. Or one can claim Motus has debt. Both are reasonable. The positive here (which is perhaps the point Dan is making) is that Motus has no debts owed to outside creditors. Nobody understand the benefits of that better than a Buell / EBR fan. On the other hand, sole control carries its own risks. In the same way an individual choose to give up $XM of personal cash to start the company, that individual can choose to liquidate or completely change the direction of the company on a whim. It's a little business in a big scary world. %^%$ happens. | ||
| Macbuell |
Debt and Equity Investment are not the same thing. If they have no debt they either have an owner with very deep pockets financing everything or they have investors who have provided that investment for some type of return, typically equity shares. | ||
| Strokizator |
Motus's plan to make a small fortune in the motorcycle business is to start with a large fortune. There are plenty of guys who used their own money to pursue a passion. Paul Newman, Michael Jordan and David Letterman sponsored race teams. It wasn't just a waste of money as they got involved in racing to win, not just hang out with the cool guys. How much of his own money did Michael Czysz put into first a MotoGp bike and then an electric bike? Will he ever recoup it or does he even expect to? What would you do with your lottery money? Spend on something you're passionate about I hope. Or you can try to turn $100M into $200M just to die in the end anyway. I know which direction I'd take. Maybe I'd enjoy it the way Malcolm Forbes did in his later years. | ||
| Mr_grumpy |
Regardless of the debt situation of Motus, Dan's first question to himself has to be "Can I make any money selling Motus?" So far as I can see, very few of us here are likely to be customers. That's not to say a customer base doesn't exist, merely that it's rather small. Next question has to be "Can I safely take on the franchise without getting bit in the arse (again) if it all goes tits-up?" Glad it's not my money at risk & my decision to make. My hat's off to Buelliedan & I wish him all the luck in the world & hope it all pans out for him. | ||
| Buelliedan |
Motus has investors which is much different than creditors IMO. | ||
| Jaimec |
So did Erik at one time. | ||
| Tpoppa |
As a rule I don't buy 1st gen anything. I would own a 2nd gen Motus if it were in the $20k range and competitive with other brands. | ||
| Fresnobuell |
I don't believe MJ had a dime of his money invested in the race team. At least that's the way I understood it. |
