| Author | Message | ||
     Greg_e |
The world can not live without Twinkies! | ||
| 86129squids |
Here's an old fave... it suits well as a soundtrack for TN68/GA60... (Message edited by 86129squids on July 03, 2015) | ||
| Hughlysses |
Finally, a mention in the US moto-press, although they have a key detail (one lot only) wrong: http://m.autoevolution.com/erik-buell-racing-asset s-to-be-auctioned-in-the-21st-of-july-97474.html (Message edited by Hughlysses on July 04, 2015) | ||
| Court |
There's plenty .....in addition tithe spelling errors though out ..... Of factual errors. I doubt that either the courts or potential suitors are placing much reliance on farcebook. | ||
| Ourdee |
Court, How long after the 21st do you think it will be till we hear some amazing news? | ||
| Davegess |
If i'm reading my paperwork correctly what ever happens at the auction will be approved (or not) by the judge in a few days. This will all be public records. I do believe that there is more than one interested party to buy the whole deal. eep my fingers crossed. | ||
| Ourdee |
I hope the one Erik wants is the winner. | ||
| Reepicheep |
Hoping for the best! | ||
| Hughlysses |
Another short blurb on a moto-news site: http://www.autoblog.com/2015/07/05/erik-buell-raci ng-assets-auction/ (Message edited by Hughlysses on July 05, 2015) | ||
| Ourdee |
I found a true sentence in that one, "We'll find out what fate faces EBR in less than a month.". Jeremy Korzeniewski (AKA Course News Key) Great name for a reporter. | ||
| Court |
23rd | ||
| Hughlysses |
Well, whatever happens, it'll make for some really interesting conversations at our fifth annual "Buells in the Alps" meet that starts on the 24th! http://www.badweatherbikers.com/buell/messages/37/ 753978.html?1435752953 | ||
| Buelliedan |
It will be interesting to see what happens. If Polaris buys it I sure hope they do not expect dealers to pay the $250,000 fee that they charge to become an Indian dealer!! | ||
| Hughlysses |
Any thoughts on who could be among the bidders? -BRP/Rotax? (previously tried to buy Buell) -Polaris? (steadily expanding into different segments of motorcycling) -Harley Davidson? (new management, maybe they want to build sport bikes after all?) | ||
| Classax |
If Polaris buys it I hope they don't export manufacturing to MEXICO. IF HD bought it it would be interesting to see if the whole XB line was revived? ( Dreaming ) If BRP buys it that would that would be VERY interesting, to see what the elves could really do with a company that has the cash to and the will to do things different. SLINGSHOT, CAN AM, ROTAX... IF ERIK and company are able to pull together the cash to get it back I'm not sure if we'd see much improvement over where we are today. If I hit the lotto between now and then I'd buy it, and put all you know it alls to work taking over the world. | ||
| Buelliedan |
You guys need to stop dreaming that Erik is going to still be part of whatever happens with this sale. Erik by law is not allowed to be a bidder or a future owner. (Message edited by buelliedan on July 06, 2015) | ||
| Classax |
Everyone keeps saying that but I haven't seen that anywhere in the paper work. Any qualified buyer(enough cash) is required to inform the Receiver if they are or are composed of, or represent the interest of a former principal, employee of EBR or their spouses. I don't see in the chapter 128 or the auctions rules where the former principles can't bid unless they are rejected by the Receiver. I reserve the right to be wrong about it though. | ||
| Malott442 |
This is a bigger rumor mill than a middle school lunch room. I can't wait to be through this and PROPERLY informed, rather than simultaneously full of hope and despair. | ||
| Court |
>>>>Erik by law is not allowed to be a bidder or a future owner. I do not believe that.. I will believe that IF . . .you show me the law. | ||
| Buelliedan |
Like I said, if you want to believe that Erik is going to be part of whatever happens with a new company after the sale, then I think you are dreaming. The folks who EBR owes 20 million dollars would go ballistic if that were allowed to happen as I am pretty sure a lot of creditors are only going to get pennies on the dollar from this sale. EBR might surive but I think Eriks days as an owner are through. (Message edited by buelliedan on July 06, 2015) | ||
| Buelliedan |
I guess we will know in a month or so what will happen. | ||
| Reepicheep |
What if Erik *is* one of the creditors, and what if he is getting the same level of settlement that the other vendors are getting? And frankly, how much difference does it make if Erik is the CEO and CTO for a company owned by an investment firm, versus CEO and CTO for a company he owns? Different for sure, but I'm struggling to see it as that much worse. If he is successful, he will likely remain CEO and CTO in either case. If he isn't successful, he isn't likely to remain CEO and CTO in either scenario. If the rebooted company has an IPO, I'm in for some of the "high risk, high potential return, high entertainment factor" slice of my retirement investment distribution. It is all hyper conservative right now. I made my killing on HD, Netflix and Akamia, then lost a little on on Amazon, and wasted time with Oracle (who are kind of a$$holes anyway). I'm ready for a change... I have too much sitting in cash returning nothing. (Don't get me wrong, I am not a bidder, this is just a working man's retirement account... so we are talking 5 digit numbers, not 7 digit numbers  ). | ||
| Hughlysses |
Well if Erik can be a bidder it stands to reason that Hero could also be a bidder, right? Perhaps Hero would be excluded as a bidder until they pay whatever they allegedly owe EBR for engineering work. Whether Erik has anything to do with ownership of the new company or not, the new owners could hire him in some capacity. If they like the idea of EBR motorcycles, it seems likely they would want him on board. | ||
| Ourdee |
You guys need to stop dreaming that Erik is going to still be part of whatever happens with this sale. That is not a dream. No need for dreaming. I would say he is already there. (just sitting here chuckling) fixxed dat (Message edited by Ourdee on July 07, 2015) | ||
| Buelliedan |
I guess we will see who is right soon enough. (Message edited by buelliedan on July 06, 2015) | ||
| Hughlysses |
Indian moto-press article on the sale. This author would like to see Hero buy the whole thing.  http://www.bikesindia.org/news/erik-buell-racing-a ssets-to-be-auctioned-on-july-21st.html | ||
| Wolfridgerider |
EBR Facebook post... A good quick ride article on the EBR 1190SX. Looking forward to being able to build and support them again! https://ultimatemotorcycling.com/…/2015-ebr-1190sx-review-…/ | ||
| Tpoppa |
Let's assume for a minute that this was a strategy for EB to wrest part of the company from Hero (personally I don't believe this to be the case). If I were an EBR dealer or supplier, frankly I'd be pretty pissed off after being left high and dry with my business negatively impacted. | ||
| Buelliedan |
"If I were an EBR dealer or supplier, frankly I'd be pretty pissed off after being left high and dry with my business negatively impacted." I can tell you that this dealer is and every other EBR dealer I have spoken to is also. Even if EBR is resurrected they are going to have to start over getting a dealer network back up and running. (Message edited by buelliedan on July 07, 2015) | ||
| Reepicheep |
Tpoppa, if you were an EBR dealer or supplier, and the whole deal was Hero trying to wrest the company from EBR, and this was collateral damage, then how would you feel? I don't have any hard facts either, but the documented "predatory partnerships" Hero pursued makes for pretty damning circumstantial evidence. |
