Smart Parts files for chapter 7 bankruptcy

[rabidchihauhau]

hope this is the right place, but anyways.

Smart Parts filed with the western pennsylvania district bankruptcy court today to convert their chapter 11 (reorganization) filing to a chapter 7 filing (liquidation).

details are up on 68caliber - http://68caliber.com/?p=8397

[zondo]

See ya!

[skipdogg]

Fantastic!

[georgeyew]

So much for all those who were holding out hope that SP will be back!

[sjrtk]

Magnificent , I really think they ended up beign a festering sore on the industry. I just wish the best for the people that they employed except there lawyers.

[CatoRockwell]

Burn burn!

Finally the beast is slain.

Now, what is going to happen to those patents?

[zondo]

I now have a rare Smart Parts progressive barrel F/S... they will not be made anymore. $75!!!

[rabidchihauhau]

zondo,

someone is going to buy at least some of the stuff, so your statement may not be entirely true. On the other hand, you can say "I have an SP pre-brankruptcy thingie..."

[Ratt]

Good riddance to bad business.

[BigEvil]

what about the patents?

[rabidchihauhau]

assigned to the bank when they got their loan

[maniacmechanic]

what about the patents?

Again the Big Question ,
Think of the possibilities !! With AKA reemerging into the mechanical market , what could happen there
The big thing ( as I see it ) is what will the new owner of the patents do with them ?? , could they choose not to enforce them , I suppose they could be a lot less greedy in the fees for using them

Steve , thanks for the heads up , I guess I should visit 68 Cal more often

[rabidchihauhau]

why yes, yes you should.

multiple updates EVERY FRIGGIN DAY OF THE WEEK and it is ALL PAINTBALL!!!

Got some new writers who are doing a good job and industry news coming in almost hourly, it seems.

[Ando]

The patents are only good for another 5yrs. I doubt anyone will grab them up.

[peewee]

Rumours have been floating around that Kee has shown interest in the ion/sp1 lines. I guess we just have to wait & see. I dont have the anti sp attitude that many people seem to have. I remember meeting the all americans back when they were were one of AGD's own. Whys nobody asking the big question...... AGD can we please have a new Emag????