At least it’s only your wife that has to worry about your “backfiring”.
I have plenty of firepower, but when I heard of a new .410 revolver I had to rush out a buy one. It’s engraved on the barrel “The Judge” and we all know what that translates to in German!
Hans-Joerg,
All the judges that I have watched have made certain that the company that got the spoils, also gets the warranty work… Sorry I forgot it was in Germany & they made sure the spoils went to a German company… IMHO it looks like the company can not deliver… I hope that Kingsbridge Capital holds off for a while before thsy decide to dump Marklin… Again IMHO…
Bob Burton said:
Hans-Joerg,All the judges that I have watched have made certain that the company that got the spoils, also gets the warranty work… Sorry I forgot it was in Germany & they made sure the spoils went to a German company… IMHO it looks like the company can not deliver… I hope that Kingsbridge Capital holds off for a while before thsy decide to dump Marklin… Again IMHO…
Bob Burton said:
Hans-Joerg,All the judges that I have watched have made certain that the company that got the spoils, also gets the warranty work… Sorry I forgot it was in Germany & they made sure the spoils went to a German company… IMHO it looks like the company can not deliver… I hope that Kingsbridge Capital holds off for a while before thsy decide to dump Marklin… Again IMHO…
I don’t know which insolvencies you followed, but most of the ones I followed (NA or Europe) the only items that transferred to new owners were assets, the liabilities remained with the previous owners. As I mentioned many times before in the case of a “oHG” set-up that would be the personally liable owners; in the case of EPL Patentwerk oHG those are Rolf Richter and Johannes Richter. For their consultancy enterprise they had to choose yet one more frontman in order to be “safe”.
On the delivery, if you wouldn’t be so NA centric you would know that LGB® has started to deliver, it is all over the Euro Fora and the Euro hobby press, including newsletter updates from the different dealers.
Jack Barton said:
At least it's only your wife that has to worry about your "backfiring".I have plenty of firepower, but when I heard of a new .410 revolver I had to rush out a buy one. It’s engraved on the barrel “The Judge” and we all know what that translates to in German!
“Have gun, will travel” … but not very far, eh? 
Ralph Berg said:Bob Burton said:
Hans-Joerg,All the judges that I have watched have made certain that the company that got the spoils, also gets the warranty work… Sorry I forgot it was in Germany & they made sure the spoils went to a German company… IMHO it looks like the company can not deliver… I hope that Kingsbridge Capital holds off for a while before thsy decide to dump Marklin… Again IMHO…
Yes, the spoils went to a German company. Many nations, including Canada, have similar protectionist leanings. But in bankruptcy proceedings it is very possible to purchase the assets without assuming the liabilities.
As I said, it may very well be that neither Marklin or LGBofA is responsible for warranty repairs.
By not addressing the issue, both have bought themselves much ill will and hard feelings. I sure Marklin and Silvergate have lost customers over the issue that they may never get back.
Ralph
I doubt that it was protectionist leanings, it most likely was more of a case “Do they really have the money?” Remember that bid G45/LGBoA entered solo? And then withdrew … could have been a simple matter of the banks wanting to see “the details” i.e. money, proof of ownership, credentials of backers etc. etc.
They got duped with the Schöntag set-up - or should that be Schöntag got duped by his mysterious backers - that was once too often for (most of) the banks.
HJ,
We can speculate but only the German bankruptcy court knows for sure why Marklin was chosen to “cherry pick” the assets.
I have nothing against Marklin. But as an observer, I would say they have handled the issue of warranty repairs rather poorly. And they also stand to loose the most by not handling the issue.
They need to clarify their position on the issue. Either tell us you are not responsible for items manufactured before a certain date or let us know you will accept responsibility for all LGB warranty work.
Ralph
Ralph,
There’s no speculation involved: Märklin (lost in the first round) requested an exclusive two week period to do due diligence and then entered an appropriate bid for the assets they wanted.
On July 26th 2007 the creditors’ assembly decided for Märklin’s bid. The Jakob & Co Group lost; as a matter of fact according to eyewitnesses Stefan Jakob threw a regular fit and stormed out of the meeting. There were some rubes (not all in NA) who to the very last moment believed that it was the majority of the creditors who had the hand, well it was never thus it was always those who held the most values in credits extended.
IOW July 26th 2007 was truly “… next week”, the waiting was over!
BTW who held the balance? Deutsche Bank, the very same bank who was, along with Goldman Sachs, subjected to a “little email campaign” initiated by G45 and propagated by “The Ventilators”! In the end all banks, except Sparkasse Nürnberg, decided for the same bidder. Could it be they were sick and tired of the games and charades that went down in Nürnberg? Who knows, but it is quite possible.
Deutsche Bank was the one that went home the winner with a last minute $$$$$$$$$$$$$$$ deal from Goldman.
Enough if this , the GAME is on! Bye!
HJ,
Has the bankruptcy court given those with warranty issues(current and future) creditor status in the proceedings? They certainly should have done so. If so, the court should have set up some avenue to process those claims.
Ralph
Hans-Joerg Mueller said:
Ralph,There’s no speculation involved: Märklin (lost in the first round) requested an exclusive two week period to do due diligence and then entered an appropriate bid for the assets they wanted.
On July 26th 2007 the creditors’ assembly decided for Märklin’s bid. The Jakob & Co Group lost; as a matter of fact according to eyewitnesses Stefan Jakob threw a regular fit and stormed out of the meeting. There were some rubes (not all in NA) who to the very last moment believed that it was the majority of the creditors who had the hand, well it was never thus it was always those who held the most values in credits extended.
IOW July 26th 2007 was truly “… next week”, the waiting was over!
BTW who held the balance? Deutsche Bank, the very same bank who was, along with Goldman Sachs, subjected to a “little email campaign” initiated by G45 and propagated by “The Ventilators”! In the end all banks, except Sparkasse Nürnberg, decided for the same bidder. Could it be they were sick and tired of the games and charades that went down in Nürnberg? Who knows, but it is quite possible.
Jack Barton said:
Deutsche Bank was the one that went home the winner with a last minute $$$$$$$$$$$$$$$ deal from Goldman.Enough if this , the GAME is on! Bye!
John Joseph Sauer said:Hans-Joerg Mueller said:
Ralph,There’s no speculation involved: Märklin (lost in the first round) requested an exclusive two week period to do due diligence and then entered an appropriate bid for the assets they wanted.
On July 26th 2007 the creditors’ assembly decided for Märklin’s bid. The Jakob & Co Group lost; as a matter of fact according to eyewitnesses Stefan Jakob threw a regular fit and stormed out of the meeting. There were some rubes (not all in NA) who to the very last moment believed that it was the majority of the creditors who had the hand, well it was never thus it was always those who held the most values in credits extended.
IOW July 26th 2007 was truly “… next week”, the waiting was over!
BTW who held the balance? Deutsche Bank, the very same bank who was, along with Goldman Sachs, subjected to a “little email campaign” initiated by G45 and propagated by “The Ventilators”! In the end all banks, except Sparkasse Nürnberg, decided for the same bidder. Could it be they were sick and tired of the games and charades that went down in Nürnberg? Who knows, but it is quite possible.
So you were in the courtroom that day?
Are you able to read German Newspapers?
You don’t need to be in the room to read eyewitness accounts. Just as long as you’re able to read and comprehend? Yep, you seem to have a problem! 
Since you obviously weren’t present I will condider everything you stated about what happened in court that day as hearsay and speculation based on things you heard and read and is tainted by your obvious dislike for the former owners of EPL.
Hans-Joerg,
IMHO, was not that just “so cool” the receiver let Marklin ( after they lost ) take a 2 week period to do due diligence & then let them have just what they wanted… IMHO if you show up & are not prepared, you would be shown the door… But we have to protect our brothers, don’t we… Again IMHO…
John Joseph Sauer said:Whatever Marvin, whatever. You and I know what went down on July26th 2007. There's just one difference, you're still in de-nile (thank you TOC!) and as Chris mentioned you gotta look out for the croks in de-nile. :lol: :lol: In the meantime start accepting it: your buddies with all those clever plans got sunk! BIG TIME!
Since you obviously weren't present I will condider everything you stated about what happened in court that day as hearsay and speculation based on things you heard and read and is tainted by your obvious dislike for the former owners of EPL.
Bob Burton said:
Hans-Joerg,IMHO, was not that just “so cool” the receiver let Marklin ( after they lost ) take a 2 week period to do due diligence & then let them have just what they wanted… IMHO if you show up & are not prepared, you would be shown the door… But we have to protect our brothers, don’t we… Again IMHO…
You obviously have followed things only in a superficial manner. IMHO Dr. Goede didn’t have much choice at that point. Just in case you didn’t know yet, the trustee serves more or less at the pleasure of the creditors’ assembly. In short with all the “funny stuff” that had been going on, it was not out of the realm of possibilities that the creditors would have petitioned for a different trustee. There were pictures in the print media and on TV which made more than a few people question the “suitability” of the trustee. Those who kept their eyes open were certainly aware.
Hans-Joerg,
IMHO that makes the stink worse!!
Ralph Berg said:Everyone seems to dance around this issue. Seems to me the consumer has the potential to be the largest unsecured creditor. Were we represented and what has the bankruptcy court ruled? It seems to me if any unsecured creditor is going to receive even one penny on the dollar from the proceeds from the asset sales the consumer with warranty issues should be included. Ralph
HJ, Has the bankruptcy court given those with warranty issues(current and future) creditor status in the proceedings? They certainly should have done so. If so, the court should have set up some avenue to process those claims. Ralph
Bob Burton said:
Hans-Joerg,IMHO that makes the stink worse!!