Quote:
Originally posted by REAL 1
ToyCollector: You mentioned "Venture as the bankrupt parent". I don't think your statement is accurate. What chapter did they file for?
As far as I understand SAI has been selling alot of Cobras. So far all we have is "rumor" backed by hearsay after hearsay after hearsay after hearsay which has been repeatedly denied by people at SAI .
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First off, I want to kill the hearsay as quick as you. This board is quickly becoming an embarrassment to itself, and therefore us as participants. Point 1, if Venture is not in Chapter 11/7/pick an number, then they are close from what I have seen. It actually makes the case to liquidate stronger, because they do not have court protection, for now. And it would mean they may want to avoid the court process of formal liquidation/protection. I am guessing at their motives as I do not have a balance sheet in front of me, but if that is their financial standing, it would not help kill these rumors, actually make the situation stronger for "cash to tide them over"
Secondly, what is a lot of Cobra sales to SAI? Two a month, 5, ten? I do not know of many folks on ClubCobra that have recently bought a car. WE ALL KNOW the visible ones such as yourself, TURK, DAN Semko, etc, but I certainly haven't seen 10 folks trumpet the fact they bought a CSX car in the last 60 days.
Maybe I missed those posts
Or I need to find the Series 1 forum
