Smart Parts Aquired!

[druid]

Maybe they arent coming forward because the deal is NOT done yet, and maybe there was a good reason why they wanted to let the pb world know that something is up.

I would normally agree that if they were being quiet about it, they are doing so - so as NOT to have someone undercut/undermine the purchase [which could STILL happen by the way]

...but they should have REMAINED 100% quiet about it until the deal was DONE.

imagine all the generated interest and advertising of [AN EXAMPLE ONLY]

"Tom Kaye, Gino P and 3, 4, 5 and 6 persons bought SP interests and holdings for a sum of ____ and with the intent to _____ >>>>>>>>>>>>>>>>>................blah blah"

...AFTER the fact. There would be a world in shock AND excitement in the fact that people would KNOW it WASN'T Laurel and Hardie...I mean...the Gardeners........running the place...


This 'slowly bleed the arm" tactic stinks of what Virtue did many years ago. FALSE puffing of a company that bites them in the butt.......

I would have rathered not knowing until it was already done...but I would also have a "fresh" outlook on them...not like now, thinking they are hiding something...

Most people today are pessimistic by nature...me being the ring leader...

[Beemer]

...but they should have REMAINED 100% quiet about it until the deal was DONE.

I would have rathered not knowing until it was already done...but I would also have a "fresh" outlook on them...not like now, thinking they are hiding something...

Most people today are pessimistic by nature...me being the ring leader...

Well did you read what was said? A third party was going to blow it, so you would have known either way. I wont comment on how that could have happened. If its not public knowledge means hiding something to you, thats your problem.

I am optimistic by nature.

Quote with bolded parts by me.

The initial press release was not a planned, timed release. It was made because it became evident that the information was going to be released via third parties. A great deal of discussion ensued and ultimately it was decided by WH that they needed to be the ones to make the first announcement.

For good business reasons, WH was conducting its activities quietly and without public fanfare. WH is trying to continue to operate in that fashion as much as possible.

[zondo]

Here we go, Beemer just opened the door to the "most interesting man in the world" and Chuck Norris quotes for TK.

http://www.automags.org/forums/showthread.php?t=211689

[druid]

Well did you read what was said?
A third party was going to blow it, so you would have known either way. I wont comment on how that could have happened. If its not public knowledge means hiding something to you, thats your problem.

I am optimistic by nature.

Quote with bolded parts by me.

Yes I did and regardless of what that content was, there's no proof anywhere other than what WH is and [especially] isn't saying. There's no public record of Wh AT ALL. Who are they? The flipping CIA? BlackWater?

I forgot Beemer...this is the Internet and everything on it is 100% trustworthy...

"my sources tell me......but don't ask anymore becuase I can't tell either".....

what a load of hooey...

[kruger]

You know, I really havent been paying attention to any of this. I figured that when there was something solid, I would hear about it. I just read this whole thread, and I have come to realize that there is not one solid fact in the whole thread. Four pages, not one fact of any consequence. I think that I will catch up when this thread hits 8 pages. Or, a new thread pops up. And, yes, I think that I do know what is a stake here. But, that is all I think I know.

[doc_Zox]

[Hobbez]

When TK steps in a mud puddle, he doesnt get wet, the mud puddle gets TK'd

[Mayvik]

Yeah, because the paintball industry isn't about hype at all...

*cough* .50 cal *cough*

[druid]

Yeah, because the paintball industry isn't about hype at all...

*cough* .50 cal *cough*

LOL........it sucked 15 years ago but it MUST be better now

[ProblemKinder]

If not this will apply.



So don't wonder why you can't log in for a week.

dang, this incredibly confused and un-informative thread was JUST starting to get interesting =]

[CatoRockwell]

dang, this incredibly confused and un-informative thread was JUST starting to get interesting =]

I know I was just reading cockerpunk and Frizzle Fry back n forth until I saw that message.

[Skeeter]

...
On MCB a member was purported to be in negotiations for the IP package and the physical plant for a total of around 800K. What that means for the debt servicing I don't know. If you read the original Chapter 11 petition there was SIGNIFICANT debt to the tune of multiple millions of dollars with the top creditor being the Chinese manufacturing company.

Perhaps someone who knows bankruptcy law better then I (most of you that is) can explain if the debt just vanishes in liquidation and the creditors take what they can get, or as in the alleged case of White Hats LLC they are attempting to purchase the entire entity as is.

It doesn't seem to be a good business move to purchase multimillions in debt at fire sale prices if their only desire is the selling off the IP and physical equipment to recoup the investment. Frankly I don't see the value either in obtaining the IP and then spending further millions to defend and enforce patent actions. I don't see the profitability of that type of business model.

Now if they are only getting the IP, and the physical assets without assuming the debt, then 800k is a bargain at twice the price and there is some profitability in that...

This is fascinating to watch and I can't wait for the next page of the discussion...

For a little info on the debt, and creditors: http://pbjunkie.com/uploads/gfgjeste...bankruptcy.pdf


This may have been posted in another thread already, but I have not seen it... Enjoy crunching the numbers...

[Drix]

Theres one Debt I especially love:

George Davison
595 Alpha Drive
Pittsburgh, PA 15238

$530,381.00

Now under normal circumstances I'd say "Oh, OK" But then I looked at this website and gave a lol. I could have sworn that smartparts based their reputation (at least in some part) by making quality products for players by players (because they were players too).

Now, I don't want to incite violence, but I vaguely rember a quote like that off the back of my Q-lock feedneck package, which may be the only quality product they've built in the last 8-10 years. I find it humorus they owe half a million dollars to a company that doesn't play paintball to design their stuff.

[AGD]

Davidsons website was so off the chart I looked around and found this.

http://www.forbes.com/forbes/2006/1127/070.html

Needless to say its not looking good for him.

AGD

[KillerOfGiants]

Boooo! Blizzard stole the material and ideas from Games Workshop to make star craft. That's somehihng smartparts would do.

Yeah, but Blizzard isn't trying to take GW to court for taking their idea. I love both story/universes but that's completely off topic.