masseyrider
Veteran Member
...smooth as butter!
Status of Everything Attachments
- Thread starter kenmac
- Start date
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Sid Post
Platinum Member
- Joined
- May 28, 2010
- Messages
- 753
- Location
- TX and OK
- Tractor
- Massey 5711D, Kubota L4600, Kubota B2601
He mentioned refunding credit card purchases of undelivered products at $2.3 Million. What about those who paid by check?
At this point, his market is going to be very small since he can't ship products. I am not saying I would be a buyer but, anyone who prepays today is a fool IMHO. It is an unfortunate turn of events because EA built really good products at a fair price for the quality delivered.
To bad he apparently failed to manage his business professionally and siphoned off so much value to build his GLASS MANSION that he killed his business. That pair of Tesla's was just the tip of the ICEBERG of mismanagement that took him down.
At this point, his market is going to be very small since he can't ship products. I am not saying I would be a buyer but, anyone who prepays today is a fool IMHO. It is an unfortunate turn of events because EA built really good products at a fair price for the quality delivered.
To bad he apparently failed to manage his business professionally and siphoned off so much value to build his GLASS MANSION that he killed his business. That pair of Tesla's was just the tip of the ICEBERG of mismanagement that took him down.
airbiscuit
Super Member
- Joined
- Aug 28, 2004
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- 6,295
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- NW Wisconsin
- Tractor
- New Holland T2310 (40hp), Kubota L3010 GST, New Holland TC21DA *** Previously - Farmall H, 1941 John Deere B, Shibaura SD1500, John Deere 850, Bobcat 642, New Holland 1925
Waiting for the Ted lovers to chime in.
RjCorazza
Elite Member
I watched the FB video, and was shocked with all of the positive comments. I think his country boy way of talking reels a lot of people in, but history has taught us that some of the worst people were great orators.
AnotherBueller
Gold Member
What kept me from buying a grapple from him was the requirement for payment in full before my order would be placed on the to be built list.
AnotherBueller
Gold Member
politician could easily be added to that list.
Well, that's not something you'd see from someone giving up. Filling the back orders with a skeleton crew, hiring new welders, and sounds like mandated financial management. Who knows, maybe they'll survive it. When I first saw the thumbnail for the video I was expecting video for auction... but it's actually attempting to show they're alive. Whatever else is going on, they're clearly serious about continuing the business. And that's not the "easy" way out that's for sure.
Hope they make it. I've got plenty of equipment from them that will need parts someday.
If they manage to get everyone who was waiting for implements either refunded or delivered then they've got a chance.
Hope they make it. I've got plenty of equipment from them that will need parts someday.
If they manage to get everyone who was waiting for implements either refunded or delivered then they've got a chance.
ning
Elite Member
It was impressive that they had a good enough reputation that they actually got people to float them money (ie, paying for orders before manufacturing). Building just-in-time using customer money is a great model if you can swing it, but I doubt they'll manage it a second time.
It's likely that a lot if things will be different if they do try to start again. Replacement of the owner as figurehead with somebody who has clean hands would be a big start.
