Smart Parts Closes (temporarily)

[spantol]

Its about time. Is that the patent for the freak barrel too?

Yup, the patents for the Freak barrel system (6,823,857) and the All-American barrel (5,228,427) are included in the list.

True, I was giving just a simplified version. Also, partnerships cannot file 13. Is smartparts a partnership (between the two bros right)?

Nope, it's Smart Parts, Inc.

[leloup]

Yup, the patents for the Freak barrel system (6,823,857) and the All-American barrel (5,228,427) are included in the list.



Nope, it's Smart Parts, Inc.

I tried doing some research, and all that I can find is that it is a partnership between the two brothers. I don't think they are a corporation, as they have never been publicly traded (not that all corps do, but most in the manuf. business).

[KC]

[spantol]

I tried doing some research, and all that I can find is that it is a partnership between the two brothers. I don't think they are a corporation, as they have never been publicly traded (not that all corps do, but most in the manuf. business).

It's a corporation:

https://www.corporations.state.pa.us/corp/soskb/Corp.asp?828737

[Tao]

True, I was giving just a simplified version. Also, partnerships cannot file 13. Is smartparts a partnership (between the two bros right)?

EDIT: I think that the patents in the hands of a bank might be even worse, as their interest would be money, and not the sport as a whole. I wonder if they know just how important those patents could be?

The name of the company is Smart Parts Inc so it is a corporation. (Corporation names MUST have "inc.", "ltd", "incorporated", or "limited" in their name)

[leloup]

I wonder why they don't publicly trade their stock? We could have helped destroy them along time ago if they did.

They are not listed on the BBB...interesting

[spantol]

I wonder why they don't publicly trade their stock? We could have helped destroy them along time ago if they did.

That's surely part of it. Private corporations stay private so that the principals remain in complete control of the company. Are there any publicly traded paintball companies?

[PaintballEngineer]

I think its more likely all those companies defaulted on loans. Banks are not stupid as you can see. When they loan you money you sign away every asset you own. Believe me I know...

I am dieing to know if SP will make a comeback under new (or old) owners.

AGD

IF they DO show back up I hope they have new owners who have NO associations with the bros. I might even start to like them then ...

Somebody buy those patents!!! They need to be in the right hands.

[Tao]

I wonder why they don't publicly trade their stock? We could have helped destroy them along time ago if they did.

They are not listed on the BBB...interesting

No one tends to invest in companies when the creators own a majority share. Usually you have to give up 51% to be successful on the open market.

Usually new and small companies will go public as a source of funding. If you are set up already and making money why share the wealth?

TK could probably add his own story in the matter why he didnt go public...

[Tao]

IF they DO show back up I hope they have new owners who have NO associations with the bros. I might even start to like them then ...

Somebody buy those patents!!! They need to be in the right hands.

Theoretically those patents are worth the 12million(?) that SP owed or more.

[Skeeter]

No one tends to invest in companies when the creators own a majority share. Usually you have to give up 51% to be successful on the open market.

Exactly. They won't give up ANY control. Their business philosophy has always been about HOLDING onto control. .50 is about control. How many patents does GI-Milsim hold for .50 cal??? Adaptors, marker designs, barrels, etc.? They want to change the industry to .50 cal, because THEY have control over that format. No other reason. It's not about the players, or field owners, it's about control.