360 Forged Concave Now Available.. // Introductory Special!!
#79
01-07-2010 | 09:28 AM
Hello guys!
1badgt2 wheels have been shipped to him. The rest of the issue is being taken care of.
1badgt2 wheels have been shipped to him. The rest of the issue is being taken care of.
#80
01-07-2010 | 10:18 AM
Registered User
Joined: Sep 2006
Posts: 7,484
Rep Power: 706
Alain, im very happy to see you taking action , and finding his BBS wheels and shipping them to him i applaud you, what about the 3500 deposit he had placed ?
when this is taken care of ill will rep point you and im sure alot more people will also and take away the red .
when this is taken care of ill will rep point you and im sure alot more people will also and take away the red .
#83
01-07-2010 | 11:43 AM
Registered User
Joined: Feb 2009
Posts: 741
From: NYC
Rep Power: 126
I don't want to be "that" guy, but this brings up more questions than answers for me. Are you operating out of the same facility that 360 had been in, and you were able to find the wheels there? If so, does that mean that the designation of the "old company" left with Jordan and any other management members, and the "new company" is pushing forward? I think it's great that you worked hard to find the wheels and return them, and seem to genuinely have good intentions for the future, but bankruptcy laws exist for a reason.
The assets of a company need to be sold to partially repay creditors, or some other restructuring, before all previous liabilities are wiped clean. For obvious reasons, this isn't something that someone can do on their own decision. If you paid for the rights to 360 Forged's designs, then that payment should have been divvied among those owed money, in a court of law. If you merely "kicked out" the old management team and continue to operate the same company, even if there isn't a single staff member or previous owner remaining, that entity still owes all outstanding debts. If you are a completely separate company that was given the intellectual property rights of 360 without cost, given the large outstanding liabilities, you are fortunate that no individual was owed enough money to make it worthwhile to file suit for payment of the fair market value of those rights.
I'm not looking to stir the pot just for the sake of it, but a lot of people are out a lot of money based on a smattering of posts on many message boards. It is truly noble that you are trying your best to make good on some of the promises made by others, but you may be legally required to do more than you think. I hope it works out well for everyone in the end.
The assets of a company need to be sold to partially repay creditors, or some other restructuring, before all previous liabilities are wiped clean. For obvious reasons, this isn't something that someone can do on their own decision. If you paid for the rights to 360 Forged's designs, then that payment should have been divvied among those owed money, in a court of law. If you merely "kicked out" the old management team and continue to operate the same company, even if there isn't a single staff member or previous owner remaining, that entity still owes all outstanding debts. If you are a completely separate company that was given the intellectual property rights of 360 without cost, given the large outstanding liabilities, you are fortunate that no individual was owed enough money to make it worthwhile to file suit for payment of the fair market value of those rights.
I'm not looking to stir the pot just for the sake of it, but a lot of people are out a lot of money based on a smattering of posts on many message boards. It is truly noble that you are trying your best to make good on some of the promises made by others, but you may be legally required to do more than you think. I hope it works out well for everyone in the end.
#84
01-07-2010 | 12:26 PM
I don't want to be "that" guy, but this brings up more questions than answers for me. Are you operating out of the same facility that 360 had been in, and you were able to find the wheels there? If so, does that mean that the designation of the "old company" left with Jordan and any other management members, and the "new company" is pushing forward? I think it's great that you worked hard to find the wheels and return them, and seem to genuinely have good intentions for the future, but bankruptcy laws exist for a reason.
The assets of a company need to be sold to partially repay creditors, or some other restructuring, before all previous liabilities are wiped clean. For obvious reasons, this isn't something that someone can do on their own decision. If you paid for the rights to 360 Forged's designs, then that payment should have been divvied among those owed money, in a court of law. If you merely "kicked out" the old management team and continue to operate the same company, even if there isn't a single staff member or previous owner remaining, that entity still owes all outstanding debts. If you are a completely separate company that was given the intellectual property rights of 360 without cost, given the large outstanding liabilities, you are fortunate that no individual was owed enough money to make it worthwhile to file suit for payment of the fair market value of those rights.
I'm not looking to stir the pot just for the sake of it, but a lot of people are out a lot of money based on a smattering of posts on many message boards. It is truly noble that you are trying your best to make good on some of the promises made by others, but you may be legally required to do more than you think. I hope it works out well for everyone in the end.
The assets of a company need to be sold to partially repay creditors, or some other restructuring, before all previous liabilities are wiped clean. For obvious reasons, this isn't something that someone can do on their own decision. If you paid for the rights to 360 Forged's designs, then that payment should have been divvied among those owed money, in a court of law. If you merely "kicked out" the old management team and continue to operate the same company, even if there isn't a single staff member or previous owner remaining, that entity still owes all outstanding debts. If you are a completely separate company that was given the intellectual property rights of 360 without cost, given the large outstanding liabilities, you are fortunate that no individual was owed enough money to make it worthwhile to file suit for payment of the fair market value of those rights.
I'm not looking to stir the pot just for the sake of it, but a lot of people are out a lot of money based on a smattering of posts on many message boards. It is truly noble that you are trying your best to make good on some of the promises made by others, but you may be legally required to do more than you think. I hope it works out well for everyone in the end.
2. The wheels were not there neither.
3. It took Alain a great deal of phone calls and questions to locate those wheel.
4. Forged Distributing has made good to all customer that filed there claim against 360.
#85
01-07-2010 | 12:32 PM
Registered User
Joined: Mar 2008
Posts: 677
From: port coquitlam canada
Rep Power: 65
why is this jordan person still listed on the 360 forged dist website as owner and president of the company. This info can be found under the "about 360 forged" tab on the website. I hope you guys pull through I really like your designs I live in vancouver canada and no one has anything that good up here. Sponsorship?
#87
01-07-2010 | 02:33 PM
why is this jordan person still listed on the 360 forged dist website as owner and president of the company. This info can be found under the "about 360 forged" tab on the website. I hope you guys pull through I really like your designs I live in vancouver canada and no one has anything that good up here. Sponsorship?
Mike
#88
01-07-2010 | 04:33 PM
Registered User
Joined: Apr 2009
Posts: 2,950
From: Virginia
Rep Power: 574
Good to see things turning around, finding the customers wheels is a pretty big step IMO. I'd also add that getting the WEBsite fixed up, especially since it links from your sig, is pretty important as well if you wish to distance yourself from the past.
P.S. Hate Flash websites :P
P.S. Hate Flash websites :P
