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<blockquote data-quote="ClassicBiker" data-source="post: 119803" data-attributes="member: 1632"><p>I saw a youtube video about it the other day. Evidently those who had orders in place and deposits to back up those orders are out of luck. It appears there is pecking order for who will get their money/investments back and those whose bikes were in for repair and had parts stripped or went missing, those who placed orders with deposits, and a few others are at the bottom of that pecking order or not even on it. The new company owners are not in anyway required to honors orders placed with the old company. Which I'm not sure I understand. If you buy a used bike/car you buy it with all the problems and issues. You negotiate with the current owner what problems will be rectified before you take possession and what ones you have to deal with. If the current owner sells it as is, well you've bought all the problems. So it appears the new owners have made a good deal for themselves, good luck to them I wish them well. But what about the poor sods who are at the bottom of the pecking order? Who is going to compensate them for their losses? The liquidators/receivers, nope not their responsibility, and I don't see as their's anyway. Those at the top of the pecking order, not their responsibility either, and again it shouldn't be. No it belongs to the old company owner, Stuart Garner. What should happen is those that are at the bottom should have their losses totaled up. Then the percentage that each individual has should be determined. Then Garner's total wealth right down to the fillings in his teeth totaled up and divided up and shared out to them based on their percentage. Garner seems to have a habit, if the press is to be believed, of this kind of behavior. Let's see how he likes being destitute and S.O.L. </p><p>Okay rant over. I hope the new owners do well. I hope the world gets another fine motorcycle brand to choose from. I hope everyone who got done over by Garner gets something back. </p><p>I'll go back now to yelling at my other computer to process the data I asked it to do an hour go.</p><p>Steven</p></blockquote><p></p>
[QUOTE="ClassicBiker, post: 119803, member: 1632"] I saw a youtube video about it the other day. Evidently those who had orders in place and deposits to back up those orders are out of luck. It appears there is pecking order for who will get their money/investments back and those whose bikes were in for repair and had parts stripped or went missing, those who placed orders with deposits, and a few others are at the bottom of that pecking order or not even on it. The new company owners are not in anyway required to honors orders placed with the old company. Which I'm not sure I understand. If you buy a used bike/car you buy it with all the problems and issues. You negotiate with the current owner what problems will be rectified before you take possession and what ones you have to deal with. If the current owner sells it as is, well you've bought all the problems. So it appears the new owners have made a good deal for themselves, good luck to them I wish them well. But what about the poor sods who are at the bottom of the pecking order? Who is going to compensate them for their losses? The liquidators/receivers, nope not their responsibility, and I don't see as their's anyway. Those at the top of the pecking order, not their responsibility either, and again it shouldn't be. No it belongs to the old company owner, Stuart Garner. What should happen is those that are at the bottom should have their losses totaled up. Then the percentage that each individual has should be determined. Then Garner's total wealth right down to the fillings in his teeth totaled up and divided up and shared out to them based on their percentage. Garner seems to have a habit, if the press is to be believed, of this kind of behavior. Let's see how he likes being destitute and S.O.L. Okay rant over. I hope the new owners do well. I hope the world gets another fine motorcycle brand to choose from. I hope everyone who got done over by Garner gets something back. I'll go back now to yelling at my other computer to process the data I asked it to do an hour go. Steven [/QUOTE]
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