Dire financial situation at Gibson?

Started by Dave W, February 11, 2018, 11:58:44 PM

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Rob

#240
April 25, 2018, 12:23:11 PM
Quote from: 4stringer77 on April 25, 2018, 12:10:29 PM
reported issues with a noisy preamp and or grounding even though you could argue that's a vintage correct feature.
:toast:

uwe

#241
April 25, 2018, 04:57:18 PM
Don't disconcert me!
We've taken too much for granted ... and all the time it had grown ...
From techno seeds we first planted ... evolved a mind of its own ...

Dave W

#242
April 25, 2018, 05:15:52 PM
Quote from: Pilgrim on April 24, 2018, 05:06:13 PM
Sounds like Tronical is trying to get to the front of the line of creditors and recoup as much as possible while the boat sinks.

Their inventory may be secured, but they'll be way behind the major creditors. The way I see it, they are putting potential investors or financiers on notice, assuming their claim is valid. OTOH if a Chapter 11 filing is made, they're probably screwed.

Dave W

#244
May 01, 2018, 07:02:40 AM
Quote from: doombass on May 01, 2018, 02:43:52 AM
Gibson's response to Tronical's claim:

https://www.channelnews.com.au/gibson-brands-close-to-chapter-11-as-new-a60m-legal-action-revealed/

They're basing that on a Gibson press release from about a week ago. I thought Gibson's press release was the publicity stunt and smacked of desperation. The Wall Street Journal says that Tronical has been complaining about missed payments since 2014.
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