| Author | Message | ||
     Mrakz83 |
One more letter in the mail... | ||
| Mackja |
Letters sent this morning! | ||
| Hughlysses |
Letters written; going in tomorrow's mail. | ||
| Eviled98 |
Letter gone and locally! (Message edited by eviled98 on December 28, 2015) (Message edited by eviled98 on December 28, 2015) (Message edited by eviled98 on December 29, 2015) | ||
| Mxsnoxdan |
I just finished writing my letter. My position is: "I believe that if left intact the future business of EBR (considering tax revenues, jobs, and trade with suppliers with in the region) will be of greater value to the community than the pennies on the dollar currently available through liquidation." I made sure to let them know that I live in Mukwonago as well. | ||
| Johndd |
Sent mine out. Emphasized technology of Buell's and a desire to personally support the domestic industrial base. | ||
| Snacktoast |
Emphasized technology of Buell's I sure hope you emphasized the technology of the company at hand - EBR. | ||
| Court |
>>>I made sure to let them know that I live in Mukwonago as well. That will impart significant gravity. Mukwonago, even being in Waukesha County, is a direct benefactor to immediate economic reasons to maintain the company in the most intact for possible. Perhaps the Judge, I'd have to go back and check some old notes, will recall the legal reasons that Buell moved from Waukesha County to Walworth County. That was a pretty cagey and controversial move at the time. I've had to learn a great deal more about this process and the range of latitude the Court has. One thing about having some local jurisdiction, as Part 129 provides, and a named individual is that you can induce the court to see over the immediate horizon and craft a plausibly compelling case that the interests of the Creditors (who the Bankruptcy Court is actually accountable to) may be better served by not simply scattering the pieces to the winds. I hope the publicly visible parties to this are getting good advise behind the scenes. Both Erik and Bruce are businessmen, not legal strategists. I've got my fingers crossed. | ||
| Johndd |
RE: Snacktoast "I sure hope you emphasized the technology of the company at hand - EBR." I did indeed use the company name "EBR." I realize that I currently own a "Harley era" Buell... My thoughts were that it's the same innovative individual behind both iterations of the company. | ||
| Snacktoast |
I understand your sentiments.  It's a pet peeve of mine that many called it "Buell". | ||
| Mxsnoxdan |
I wrote a letter and sent it to both the judge and the receiver per the instructions posted above by Hughlysses, but I see no mention of it under the records for Walworth county case number 2015CV000247 or 2015CV000248 Can anyone confirm that the recorded letters were sent to the addresses posted here? Could my lack of inclusion in the court record be a result of my status as a bystander who is presently not involved with the proceedings? What does it take to get your letter recorded? | ||
| Buelliedan |
I doubt letters such as this are recorded as they are not official court documents. | ||
| Hughlysses |
Interesting. Perhaps only a few of the letters were included or the decision to have another sale had already been made by the time most letters arrived and so they were considered "overcome by events"? | ||
| Hughlysses |
I doubt letters such as this are recorded as they are not official court documents. I saw at least one listed that was written by a Badwebber whose name I recognized. | ||
| Buelliedan |
"I saw at least one listed that was written by a Badwebber whose name I recognized." I did not realize that. Interesting. | ||
| Ljm |
Where did you see the letters recorded? | ||
| Buelliedan |
All these letters are great but it seems like we are ignoring the 1,000 pound gorilla over in the corner: If this effort is successful to allow Bruce to buy EBR, does he have enough capital to really invest in the company to get it up and running again? By Courts estimates it sounds like it would take at least 10 million just to be able to sell the current line-up of bikes which are now basically 4 years old and already out of date. How much will it cost to bring to sale a new model? If EBR couldn't do it with the large investment they had, then what does he plan to do differently to make it work? Sorry but blaming it all on Hero is just not the case. If he does not have that kind of funds available are we just wasting a lot of time and effort for nothing? Just buying the company is the easy part. (Message edited by buelliedan on January 07, 2016) | ||
| Hughlysses |
Where did you see the letters recorded? Go here: https://wcca.wicourts.gov/index.xsl After you read the disclaimer and accept, it'll take you to a page that allows you to search by case number. The page for the case has a button at the upper right that Says "court record events". That page has a list of all the documents related to the case including the letters. There are ~19 letters listed for the first case number. Larry, I believe your name was listed for one of the letters. (Message edited by Hughlysses on January 07, 2016) | ||
| Court |
>>>All these letters are great but it seems like we are ignoring the 1,000 pound gorilla over in the corner: Actually . . . I'd suggest that the 1,000# Gorilla may be the law itself. Debtor/Creditor laws are designed to bring an element of equity to a commercial transaction. Resolution of the aggrieved, in the instant case the creditors, is the primary objective. Let's take an example. Suppose that Dan and NHRS had sold EBR 2,000 wiring harnesses at $100 each and, as a result, owed $20,000. The purpose of the proceedings, and the stated relief, is to "make the creditor whole" to the greatest extent possible. So . . . if there is a bid from a liquidator in the amount of $5M and a $4M bid from a firm wanting to return the firm to commercial operation it get's dicey. While latent economic benefits may rightfully be imputed to the $4M bid . . . such as increased economic activity, payroll, jobs, business for Guss's Drive-in and so forth . . . those are "future" and accordingly must be weighted for present value . . the CURRENT value of a benefit to be received at a future date. Put yourself in NRHS's position . . . . . you get a call from the Court . . "we are paying you $0.18 on the $ as opposed to $0.50 because someday, down the road, there is a chance that East Troy and Walworth County may benefit. The Court's role, and stated responsibility, is to enforce the laws to the benefit of the creditors. I'm not certain they have this Solomonistic latitude. But . . I'm keeping my fingers crossed. There's been so much, from a commercial and legal perspective, weird crap involved in all this so far that it's a crap shot what anyone is thinking. | ||
| Hybridmomentspass |
"Sorry but blaming it all on Hero is just not the case." ....but but but we have to blame SOMEONE! lol been saying it for a while bro, agreed fully | ||
| Hughlysses |
If EBR couldn't do it with the large investment they had, then what does he plan to do differently to make it work? Sorry but blaming it all on Hero is just not the case. Bruce stated in an interview that as he saw it EBR had become primarily an engineering consulting company catering to Hero, and that was their downfall. I believe his plan is mainly to concentrate on building and selling motorcycles. (Message edited by Hughlysses on January 07, 2016) | ||
| Buelliedan |
"I believe his plan is mainly to concentrate on building and selling motorcycles." Selling $15,000 plus sport bikes is a lot harder than I have a feeling he thinks it is. Which will be made even more difficult by this years fiascos which have decimated any reputation that EBR had. Top that off with a non existent dealer network that will require years to rebuild and honestly I see his odds of being successful at less than 10% even if he does get the right to buy EBR. I love his never quit attitude but sometimes the odds are just too stacked against you IMO. I waited as long as I could to see what would happen but unfortunately I had to give up my Colorado dealers license this month as I have no product to sell and it is not worth the $1,500 a year it cost me to renew it just on a "maybe". "Bruce stated in an interview that as he saw it EBR had become primarily an engineering consulting company catering to Hero, and that was their downfall" If EBR had relied solely on building and selling motorcycles I think we would have seen them go out of business 1-2 years earlier. I am pretty sure the investment by Hero was what kept them afloat in 2013-2015 and allowed them to bring to market the 1190 RX and SX. They were never going to make it on just selling 10 1190RS' a year that's for sure. (Message edited by buelliedan on January 07, 2016) | ||
| Buelliedan |
I have a question for the forum. Of all of you who stated you have sent a letter to the court. How many of you own an EBR motorcycle? Not interested if you own a Buell cause that has nothing to do with EBR. | ||
| Hughlysses |
I don't but I had all intentions of buying an AX as soon as they came out. | ||
| Buelliedan |
you know what they say about the road to hell and good intentions!  | ||
| Hughlysses |
Well, EBR "intended" to build one, so there's plenty of road-paving to go around. | ||
| Malott442 |
I have a letter, and an EBR | ||
| Pytalkamus |
I have an EBR and I sent a letter. I'm curious though, would have been a bad thing if non-EBR owners also sent in their letters objecting to the liquidation? My guess is that most are future EBR owners if things go as they should. I think that's also good for the court to consider. | ||
| Mrakz83 |
I have one and also sent a letter. | ||
| Ljm |
Ditto. |
