Anybody notice the dearth of foamers until the defense of the fatherland (or, insert your particular “bent”) is involved?
Funny.
The “problem” was in print last year.
I guess if one only gets their information from one person on one forum and that’s all they ever need to know, actually LOOKING to see what is out there is not in the cards.
Dave,
Yes, it is funny.
Either they can’t read, can’t comprehend or have not an inkling who the person solely responsible during an insolvency is.
In short, same old!
“So it goes” Kurt Vonnegut
Not a conspiracy. It is now called a ‘business plan’.
Ken Fillar said:
BIG SNIP I wonder if the banks ever expected LGBoA to come up with money to Bid.Did the Banks have this planned to take Lehmann and sell to Marklin?
Ken, if the pevious owners of a supposedly profitable Company had not borrowed the money from the banks in the first place, then lost it and could not pay it back, those same banks would not have anything to do with the saga at all.
Tony,
What is your usual advice? “Follow the money!”? 
I guess Kingsbridge/Märklin will attempt to do just that in the next 2 or 3 weeks. Sounds like one more step in the “caveat emptor” procedure.
Since we are on about conspiracy theories, I wonder, if Kingsbridge gets the rights, who they will use for US marketing, especially with what is showing up in the press over there big question mark as usual?
Curmudgeon said:Dave,
Since we are on about conspiracy theories, I wonder, if Kingsbridge gets the rights, who they will use for US marketing, especially with what is showing up in the press over there big question mark as usual?
They wouldn’t reinvent the wheel, would they?
Märklin, Inc. is the American Subsidiary of Gebr. Märklin & Cie. GmbH, Germany
and Exclusive Distributor in North America for Märklin Products. (This from http://www.marklin.com/)
They would be able to market the product…but not the name. If the old brand name is mentioned outside Germany, Mr. Buffington &Co could seek legal remedies.
Warren Mumpower said:Warren,
They would be able to market the product...but not the name. If the old brand name is mentioned outside Germany, Mr. Buffington &Co could seek legal remedies.
I have a feeling that is precisely what Kingsbridge/Märklin has two to three weeks to determine: Who exactly owns what!
Remember Schöntag’s press release on Feb 18th, claiming that all rights reverted back to the Patentwerk when they filed for insolvency?
Since Märklin spent time at due diligence in the first bidding round, there could be some pertinent reasons why the insolvency trustee would grant them 2 or 3 weeks of “exclusive” at this point.
Legal remedies are best only sought if one has grounds.
Hans-Joerg,
You can not beleive any thing Schontag said, he is a “con” man…
PS This gets better every week!!
Bob Burton said:
Hans-Joerg,You can not beleive any thing Schontag said, he is a “con” man…
PS This gets better every week!!
Do you think the insolvency court was conned?
Do you think he was alone in his actions?
Enquiring minds would like to know.
According to the Suddeutsche Zeitung he was chosen and approved by a consulting company chosen by the bank pool and creditors.
If the banks were “conned” it was thier own doing.
John Joseph Sauer said:Well, according to what I translated "It is always the other guy" (does that sound familiar JJ?), we have heard from Goede's office - mind you not Goede himself but one of his underlings - we have heard from Frank Winter at Lincoln International. Of course they are "blameless"! :) :)
According to the Suddeutsche Zeitung he was chosen and approved by a consulting company chosen by the bank pool and creditors. If the banks were "conned" it was thier own doing.
Fact is: the insolvency trustee is the one solely responsible for the proper execution of the insolvency. He is the one who has to check the creditworthiness, the background etc. etc. He may delegate, but he’s still solely responsible. Which is most likely the reason it wasn’t Goede who commented on who recommended what.
This is a long way from over! Just a little intermission while Kingsbridge does more due diligence.
BTW JJ, I’m sure you noticed that it has become increasingly more difficult to “con” that banking pool. 
:lol: I wonder why that is??? :lol: :lol:
I’m not so sure the banks were ever conned…
The words “fall guy” and “scapegoat” comes to mind here with the names Schontag and Winter mixed in.
Warren Mumpower said:Possible? Not probable?
I'm not so sure the banks were ever conned...:/ The words "fall guy" and "scapegoat" comes to mind here with the names Schontag and Winter mixed in.
When they sell the company on recommendation for 3.7 million, it falls though, and they won’t accept 7.5 million after that, there is a lot more happening than “fall guy”?
Now we wait?
?
Warren Mumpower said:Warren,
I'm not so sure the banks were ever conned...:/ The words "fall guy" and "scapegoat" comes to mind here with the names Schontag and Winter mixed in.
Until it’s published “nobody is sure” or at least not “sure and foolish enough” to put it in print! Perhaps Uwe Ritzer at the SZ will follow a few more of the threads and have a sequel, eh?!?!
No dearth of material, that’s for sure!
Tony,
Go here, most interesting…
http://bigtrainoperator.com/v-web/bulletin/bb/viewtopic.php?t=1532
Hope this helps…
Bob, I have read that forum.
Nowhere does it actually use the phrase “con man” with relation to Schontag.
You and others might think that from the alleged evidence in the articles, but I would be loathe to accuse him of being a “con man”. Especially as he has yet to be convicted of anything. Remand is not conviction.
By all means ask probing questions, but, I would humbly suggest that you refrain from any character assassinations until you do have proof that the man is guilty of what you accuse him of.
Oh dear… just a rehash of all the prior inuendo and gossip…
The only news here is that someone is actually still looking to see if any of the assets of LGB still exist in some form and when statisfied that enough do they might then make a bid for them…fire sale or otherwise… and I hope some one does!!!
…but I doubt it will come to fruit in time to produce anything by Christmas or my birthday in February next year, or maybe even Father’s day in '08.
I did find a stock of LGB products locally, some track, switches, and a narrow selection of engines and rolling stock at MSRP.
I offered 1500 for 2 Unitah’s and he turned it down… flat!!
may have to concede and pay the approximately $900 for one.
Mark
Mark said:
Oh dear… just a rehash of all the prior inuendo and gossip… The only news here is that someone is actually still looking to see if any of the assets of LGB still exist in some form and when statisfied that enough do they might then make a bid for them…fire sale or otherwise… and I hope some one does!!! …but I doubt it will come to fruit in time to produce anything by Christmas or my birthday in February next year, or maybe even Father’s day in '08. I did find a stock of LGB products locally, some track, switches, and a narrow selection of engines and rolling stock at MSRP. I offered 1500 for 2 Unitah’s and he turned it down… flat!! may have to concede and pay the approximately $900 for one. Mark
Hi Mark, Yes, it is a seller’s market. As mentioned, twice I was lucky enough to get “the last of” at RRS. And at their regular, discounted price.
The tractor on the RH was one of them, the Crew car next to it is from a different source, but also one of several “last before LGBoA distribution” item. I doubt that prices will be reduced with an extra interloper in chain making money. They will need to make considerable money before some of their “projects” get off the ground.