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Hughlysses
06-30-2015, 09:42 PM
This was posted to EBR's Facebook page shortly after noon EDT today:

The sale of EBR assets has now been scheduled. It will be done in a bidding process on July 21st between a number of potential buyers at an event managed by the receiver. Then all bids are subject to court approval, scheduled for July 23rd. Looking forward to moving ahead soon!
That announcement was followed an hour later by this:

To be clear, this sale is not a selling off of individual pieces, but as it states in the court documents, it is selling off in large blocks as an ongoing concern sale.

Let's hope something REALLY good comes out of this.

Theycallmecrash
06-30-2015, 10:23 PM
If you really like getting butt ****ed, then yeah should be a good thing!
In all seriousness us EBR owners will be **** out of luck. Best case scenario someone makes some parts available to us

Hughlysses
06-30-2015, 10:57 PM
^ Well, the sodomy has already occurred. Now we get to see if EBR gets its just revenge or not.

thrstrmech
06-30-2015, 11:37 PM
best wishes for EBR to get back into the game

....don't think revenge is in the picture...just simply to continue building bad ass motorcycles to show the other brand names that have dominated the sport bike industry for years that there's an American brand on the playing field. which has already kicked your asses on the track too:D

BambamXB12r
06-30-2015, 11:39 PM
^:D[up]

RossLH
06-30-2015, 11:47 PM
For the record, a going concern auction means the receiver feels the company is best left in a state in which it can continue to profit, rather than liquidating the company. As such, the lots are being auctioned off in a way that buying a certain lot will allow the buyer to produce bikes without much further ado. All in all, this is a fairly optimistic way for the receivership to end.

Hughlysses
07-03-2015, 01:19 PM
This was posted by EBR to their Facebook page last night:

The brand name is in the lot of intangible assets and intellectual property. The assets have to be broken into segments like this by law, but it is a going concern auction and a number of bidders are coming with the intention to buy all the lots necessary to move the company forward again. The outcome is of course unknown, but it actually looks very good to us.

Hughlysses
07-18-2015, 08:53 AM
Interview with Erik about the upcoming sale of EBR: http://www.powersportsbusiness.com/top-stories/2015/07/16/turnkey-motorcycle-manufacturing-company-for-sale/

According to the last line of the article, the sale, originally scheduled for July 21, has apparently been delayed for some amount of time.

ReadyXB
07-18-2015, 01:42 PM
Thanks for the link. IDS posted this same article and seems to remain optimistic as well. Awesome to get so many nuggets of factual information straight from the source.

08herobolt
07-19-2015, 03:47 AM
Fingers crossed.

hntnfsh
07-19-2015, 04:32 AM
Watching...

Hughlysses
07-20-2015, 10:26 AM
Another article on the sale:

http://www.jsonline.com/business/with-his-motorcycle-company-up-for-auction-erik-buell-craves-another-comeback-b99535394z1-317329291.html

wickedchop
07-20-2015, 10:52 PM
They have postponed the auction date again. I can hardly sleep..........I wish E. buell all the best.......an absolute legend

mrlogix
07-21-2015, 12:05 AM
https://www.youtube.com/watch?v=lt9IJX0qI6o

Gloomshadow
07-21-2015, 11:30 PM
Did it go down today or was it pushed back?

d_adams
07-22-2015, 12:37 AM
Pushed the date back by "a few weeks" was what I was told, however, it should be some VERY good news coming soon. Couple of people I talked to that are "in the know" are extremely positive at this point.

heagachongoose
07-22-2015, 12:52 AM
The suspense is killing me! Gah!

Gloomshadow
07-22-2015, 02:40 AM
I kinda got this "Polaris" kinda feeling going on....

submax
07-22-2015, 05:30 AM
Here's hoping! :up:

9lbHammer
07-22-2015, 01:39 PM
LEO already thinks we are riding a Polaris.343

Tbone
07-22-2015, 03:23 PM
Equipment Safety violation? what is that a wheelie or something?

9lbHammer
07-22-2015, 04:04 PM
46.2-910 Every person operating a motorcycle or autocycle shall wear a face shield, safety glasses or goggles, or have his motorcycle or autocycle equipped with safety glass or a windshield at all times while operating the vehicle

Had my visor up pulling out of my neighborhood.

thrstrmech
07-22-2015, 04:19 PM
2004 Polaris Buell...awesome, never heard of that before....lmao

AZmidget91
07-22-2015, 04:39 PM
I got a bug in my eye the other day in my work parking lot, visor was up, hurt like hell and couldn't get it out for 2 hours.

ReadyXB
07-22-2015, 04:47 PM
An update on Gas Gas (http://www.topspeed.com/motorcycles/motorcycle-news/gas-gas-goes-into-liquidation-search-to-find-buyer-begins-ar170524.htm) posted yesterday. A two-for-one deal for the new EBR owner :)

bwylie_99
07-23-2015, 03:28 PM
So what's the story?

Gloomshadow
07-23-2015, 10:10 PM
delayed 2 weeks..

bwylie_99
07-24-2015, 03:06 AM
delayed 2 weeks..

That sucks, suspense is f'n killing me!

Gloomshadow
07-24-2015, 06:09 PM
I betcha Polairs gets it... who else could afford it? anyone know?

BambamXB12r
07-24-2015, 06:24 PM
I know it's obvious but I just hope it's sold in one piece and they allow Erik to run the design and build aspect. He needs to work for a real businessman and just focus on his passion of building world class race bikes and maybe even more production bikes.

Gloomshadow
07-25-2015, 12:47 AM
he has basically already said in public that its going to be sold in one piece and that its more than one bidder that going to be bidding on it...

Gloomshadow
07-25-2015, 02:08 AM
Hero bought it...

http://motorcyclefeed.com/breaking-ebr-restarts-as-wholly-acquired-division-of-hero-6250/

Gloomshadow
07-25-2015, 02:28 AM
I looked more into it, the source is Thailand... probably bull**** information .

wickedchop
07-25-2015, 11:09 PM
I've read the same type of thing on a site called therideadvice.com although EBR's FB says nothing of the sort. I only hope that whatever the case may be is that Erik is able to continue to fulfill his vision and build us wicked world class motorcycles because the whole world says we can't and Erik did it......PERIOD

stamen
07-27-2015, 11:10 AM
Wouldn't be surprised if the article about Hero is true. At least Buell will keep on existing.

stamen
07-27-2015, 11:27 AM
Actually I've now read about 5 different articles from different websites saying the same thing about Hero buying out EBR. Still makes me wonder if it was a clean deal or a dirty move? :confused:

heagachongoose
07-27-2015, 01:02 PM
I figured it was common knowledge that EBR had been acquired by the flying spagheti monster. Lol. Its not true whatsoever. The auction isn't even until next week. All of this hero buying EBR bull**** is based off of a Thailand article that is far from credible. They couldn't even spell the names correctly in the original article.

It has been vehemently denied by significant cources close to or in the fray of the EBR goings ons.

However. After reading into the can-am guys doings and how they have been integrating Buell and EBR parts onto their 998cc polaris hillclimb engines..... I'm thinking Polaris may very well have significant interest in EBR.

Who knows. It will be over in a week or two.

mrlogix
07-27-2015, 02:22 PM
come on Polaris :eagerness:...The only company in my opinion that would be better than Polaris would be Ford and they already have some marketing deal with HD.

Hughlysses
07-28-2015, 04:31 PM
Well, it appears the source of the rumor that Hero had already purchased all of EBR has been revealed. 30+ Indian sites (some moto-related, most stock market/financial related) say that Hero has entered into an agreement with the receiver to purchase certain assets of EBR for $2.8M.

Here's one link: http://www.autocarpro.in/news-national/hero-motocorp-acquire-ebr-usd28-million-8949

It appears what Hero is doing is buying the design information EBR had been working on for upcoming Hero models including the HX250R, Hastur, Leap scooter, etc. for $2.8M. They allegedly owed EBR $20M for this work. In exchange for the cut-rate price for the design info, Hero relinquishes all claims against EBR and EBR relinquishes all claims against Hero. This appears to mean that Hero gives up their 49% ownership in EBR as part of the deal, and that whoever's interested in buying the rest of EBR (partially completed bikes, parts, machinery, designs, name, etc.) doesn't have to deal with Hero at all. That would also explain the delay in the auction while this was worked out.

Here's a link to the Hero press release:

http://www.moneycontrol.com/stocks/reports/hero-motocorp-clarificationrespect-topress-release-concerningexecutiona-settlement-agreement-by-hmcl-na-inchmcl-americas-inc-1282281.html

It's definitely going to be really interesting to see how this all turns out.

heagachongoose
07-28-2015, 04:58 PM
This is good news. This clears the board for potential buyers.

mriulvr
07-28-2015, 05:40 PM
That does seem to be VERY good news and I would think would make EBR more attractive to other buyers.

stamen
07-28-2015, 07:51 PM
Keeps getting more and more interesting. What if Harley buys them again?!? lol

BambamXB12r
07-28-2015, 08:19 PM
As bad as that would be in my opinion it's better than the Hero rumor.

Hughlysses
07-28-2015, 09:57 PM
Here's confirmation of this story by a reliable US media source:

http://www.jsonline.com/business/buell-auction-rescheduled-for-aug-5-b99545931z1-318861161.html

This link is to a more-complete version of the Hero letter and press release:

http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=2189221&num=0

Let's hope we get some REALLY good news next Thursday (or maybe earlier?).

mrlogix
07-28-2015, 10:06 PM
still a ****ery though. It is better to have Hero out of the picture, but Erik still got screwed. If Hero would have paid like they were supposed to for the 49% of EBR and the engineering services. Erik wouldn't be in this position to begin with. Still don't trust them.

mrlogix
07-28-2015, 10:10 PM
if I had my guess, Hero scrambled to find a way to purchase the rights unencumbered to the engineering developement that EBR did for their HX250 and 650 to keep another company from purchasing them under the receivership auction.

GregoXB
07-28-2015, 10:47 PM
In a statement, Hero said: "As per the settlement agreement, HMCL Americas Inc. has agreed to acquire the ownership of certain tangible and intangible assets of (Erik Buell Racing) free and clear of all encumbrances, for a consideration of $2.8 million.

"Intangible assests". Sounds to me like they want the EBR team to finish up the design of their hastur. Obviously those curry eating dot heads don't have the brains to finish it themselves. They want the brain power from EBR with no strings attached.

Hughlysses
07-29-2015, 12:51 PM
Another news story on the subject this morning; Hero says they have no interest in the remainder of EBR now that they've made an agreement to buy the info on the Hero projects EBR was working on:

http://www.livemint.com/Companies/51ZQM3D5s6k4VK4UZu0R4O/Hero-MotoCorp-will-not-bid-to-buy-out-bankrupt-partner-EBR.html

That sounds like a good thing to me.

mrlogix
07-29-2015, 01:33 PM
Not saying that Hero out of the picture is a bad thing, just they should have held up their end of the original deal. They defaulted on the $20M.

Baal
08-01-2015, 04:21 AM
So, Hero pinches EBR financially, forcing them into receivership, then pilfers the assets they want for pennies on the dollar?

Jagoffs.

BambamXB12r
08-01-2015, 04:39 AM
Jagoffs...
That's putting it nicely

Gloomshadow
08-01-2015, 05:26 AM
I don't know... WOULD Harley buy it as it stands now? The panic is over that caused them to sell it... and Buell did good things for Harley on the projects they gave him. HD seems to be trying to go liquid cooled and make bikes for the coming generations and overseas sales... IS IT a crazy Idea that Harley could be interested again?? Maybe not.

mrlogix
08-01-2015, 05:33 AM
If you were Erik and knowing the way the breakup went down, would you be willing to work with Harley?

Gloomshadow
08-01-2015, 01:43 PM
if you got bought , you got bought.. wouldn't be any choice, you would have to go with the money flow.. or check out!

heagachongoose
08-04-2015, 06:26 PM
......the suspense is killing me....

thrstrmech
08-04-2015, 06:30 PM
sale starts tomorrow, Hero has made a deal to only buy the designs EBR had / was doing for them....EBR sale is still a whole package. fingers crossed all goes well and back in business soon.

heagachongoose
08-04-2015, 07:05 PM
I say they get bought by some random completely unrelated company.

$5 says Wal-Mart throws down a stack of cash and takes home the goodies lol

ReadyXB
08-04-2015, 07:21 PM
Would love to see someone like Elon Musk partnering with Erik.

mriulvr
08-04-2015, 07:46 PM
Hopefully someone with the cash to do it right, the vision to see the potential of EBR, and the wisdom to recognize Erik's engineering genius who can help him run a business.

BambamXB12r
08-04-2015, 08:37 PM
In my opinion someone who can run a business for him while letting him work his engineering magic on the bikes.

ANIMOSITY
08-04-2015, 09:06 PM
I say we just chip in and do it. Ill throw in the first $100!

Hughlysses
08-05-2015, 01:59 PM
Today's the big day. Fingers crossed...

Hughlysses
08-05-2015, 06:39 PM
There are posts on Erik's Facebook page since noon by a couple of guys who appear to have been among the bidders. According to them, Atlantic Metals bought EBR. Still trying to figure out who that is.

mriulvr
08-05-2015, 06:48 PM
I say they get bought by some random completely unrelated company.

If the reports are correct, heagachongoose was displaying some fortune telling skills.

heagachongoose
08-05-2015, 07:10 PM
Atlantic metals group have acquired the EBR assets.

GregoXB
08-05-2015, 07:51 PM
So what is a company like that going to do? Melt down and sell the metals?

AZmidget91
08-05-2015, 08:03 PM
Could just be the company funding someone with a business plan...

Hughlysses
08-05-2015, 08:06 PM
No, the poster said the company will be kept as an on-going concern, i.e.- still building motorcycles.

Gloomshadow
08-05-2015, 08:07 PM
"Atlantic Metals Group" may be another word for "Erik Buell and his friends"... once Hero gave back the 49% of EBR, its debt was probably not that big. Maybe he and some guys formed a company and placed a bid on it?

BambamXB12r
08-05-2015, 08:11 PM
Let's just hope he keeps building bikes and can operate as a successful business while doing it.

Yodes89
08-05-2015, 08:17 PM
Let's just hope he keeps building bikes and can operate as a successful business while doing it.


I surely hope so as well. I might be a new Bueller, but I'm loving what I've been introduced to and hope that I can grow as a rider on an American sport bike :eagerness:

mrlogix
08-05-2015, 08:18 PM
Alantic Metals is a metal supplier to industrial customers and has a subsiderary of US-HP. The CEO of which is Demetri Melekos, a personal friend of Erik. :D Sounds like Erik got a Greek to give Hero a trip around the isles without a reach around. LMFAO.

mriulvr
08-05-2015, 10:05 PM
The CEO of which is Demetri Melekos, a personal friend of Erik.

That has to be some great news. A CEO, a friend of Erik's, and from the sound of it a group who is into motorcycles. Sounds like a good combination.

Gloomshadow
08-05-2015, 11:00 PM
Yeah I think he has some kind of association with the "Von Dutch" brand and custom choppers.. this could be something cool.. lets see what they do.

Hughlysses
08-05-2015, 11:14 PM
Demetri Melekos posted that there were 3 bidders. I'm kind of thinking maybe they were all somehow associated because Demetri seems very happy with the outcome of the auction even though his company apparently didn't win the bidding.

Gloomshadow
08-05-2015, 11:39 PM
so it isn't Melekos that got it?

Hughlysses
08-05-2015, 11:58 PM
Demetri's posts on Erik's page on FB seem to say that he did not. He first posted that "the Belfer Group" bought EBR, then Bruce Belfer posted that that was incorrect, "the Atlantic Metals Group" had bought it and Demetri changed the post. It sounds like they're both good with the way things turned out.

Hopefully this will all be made clear tomorrow or shortly after.

Gloomshadow
08-06-2015, 12:47 AM
a little bird told me that EBR is in real good hands now...

Hughlysses
08-06-2015, 12:47 AM
I finally found a listing for Atlantic Metals:

http://www.bizapedia.com/nj/ATLANTIC-METALS-GROUP-LLC.html

They're in Farmingdale, NJ which is where Belfer is located.

mrlogix
08-06-2015, 01:59 AM
Erik pulled a coup de grace on Hero. Cause 'Merica bitches. Told you he learned a lot from the HD ****ing.

I'd say all was good until Hero started dicking around with the payments.

GregoXB
08-06-2015, 02:20 AM
If it's in the Tristate area, we are good.

theshinenz
08-06-2015, 07:41 AM
what makes people think that dealers will hold any confidence in the company now though, im not a dealer but if i was i would think twice about investing in stock with this history. Id say alot of dealerships will pull the pin on EBR unfortunately. Some will have had floor stock they cant move for the past few months, this Im sure would make them unhappy.

BambamXB12r
08-06-2015, 08:44 AM
Give it a little time, let the dust settle and let his bikes keep winning races. There will be a customer base in no time. People like what works and wins.

mrlogix
08-06-2015, 11:40 AM
^^ Now is when they can finally get back to business. Yes, there was damage done and they will have lost some people, but he (Erik) has overcome this kind of setbacks before. Hero screwed him. At least it is beginning to sound like they didn't totally blindside him this time.

Gloomshadow
08-06-2015, 01:34 PM
what makes people think that dealers will hold any confidence in the company now though, im not a dealer but if i was i would think twice about investing in stock with this history. Id say alot of dealerships will pull the pin on EBR unfortunately. Some will have had floor stock they cant move for the past few months, this Im sure would make them unhappy.

EBR seems to be under private ownership now, no corporate stock involved. They could just sell them the way Confederate sells motorcycles if they wanted to.

1125RBlaster
08-06-2015, 03:05 PM
Man I love those Confederate bikes, awesome styling I think.

GregoXB
08-06-2015, 04:10 PM
I hope Erik handed over bogus designs to Hero. They will frantically sift through the information and be like, "Hey, something is not right here." And Erik can be like, "Really? OMG. That sucks. Maybe you should go fück yourselves? That might help."

Hughlysses
08-06-2015, 04:19 PM
Apparently the hearing is over. Short summary posted to Badweb:


The Courts approved:

- Hero settlement
- EBR sale

Mr. Belfer - self-labeled as a fan and admirer of Erik Buell's work - seems to be just what's needed for a re-birth, or actually, continuing endeavor.

I was pleasantly surprised by the lack of Hero objection!

Hughlysses
08-06-2015, 04:28 PM
Confirmation:

http://www.jsonline.com/business/erik-buell-racing-assets-sold-to-metals-company-for-225-million-b99551917z1-320916221.html

1125RBlaster
08-06-2015, 05:33 PM
I hope Erik handed over bogus designs to Hero. They will frantically sift through the information and be like, "Hey, something is not right here." And Erik can be like, "Really? OMG. That sucks. Maybe you should go fück yourselves? That might help."


Dude, I'm with you....that's awesome.........I hope they fall flat on their faces in epic failure.

Hughlysses
08-06-2015, 05:56 PM
What's especially funny is how Hero claimed (right after EBR went into receivership) that the loss of EBR wouldn't slow up development of their new models at all.

cjanderson_90
08-06-2015, 07:25 PM
Dude, I'm with you....that's awesome.........I hope they fall flat on their faces in epic failure.

Unfortunately, they wont. They will keep cranking out cheap bikes keeping them on top.

djs2k2
08-06-2015, 07:41 PM
Huuuummmmmm?

mriulvr
08-06-2015, 08:29 PM
So EBR was bought for $2.25 million and Hero paid $2.8 million for the Buell "consulting business" assets. Sounds like the buyers got a pretty good deal if they can things up make EBR productive long term, even with the debt owed by EBR. Do the new buyers have to cover the old debt as well?

mrlogix
08-06-2015, 09:00 PM
taking into consideration that the entire company sold for $2.25M and that they got $2.8M from Hero just for the design consulting part, sounds like they made a good deal to get Hero out of the way. Like I said before, Erik learned a thing or two from the HD fiasco. I have a real good feeling about this. :eagerness::cool:

heagachongoose
08-06-2015, 09:01 PM
The buyers? No. Ebr, yes.

There is some liability there but not all.

I just want to know wtf was going on wit EBR fratenizing with Porsche and Mito.

Here is an article

http://m.jsonline.com/business/erik-buell-racing-assets-sold-to-metals-company-for-225-million-b99551917z1-320916221.html

submax
08-07-2015, 06:15 AM
Another article on Motorcycle.com (http://blog.motorcycle.com/2015/08/07/industry-news/new-owners-erik-buell-racing/). All the news sounds very positive. Looking forward to hearing the official story from the new owner.

Hughlysses
08-07-2015, 09:08 AM
Intertesting quote from Erik in the motorcycle.com article:


Reached via text this afternoon, Erik Buell said he is working with the new owner on “how to roll out the story.” Pressed for details, Buell said, “He’ll tell his story his way and in his time schedule. As it should be.”

He’s a bike guy, though?

“Yes,” texts Buell.

thrstrmech
12-12-2015, 01:10 PM
any update to this, read that there was another auction on December 10th, this would be the final one? hope Hero didn't get S@#! from it...

d_adams
12-12-2015, 01:33 PM
Currently, no solid info. Bruce did not win this time around, rumor has it it's either and individual liquidator or another group from India.

thrstrmech
12-12-2015, 02:22 PM
dang it:down: looking for articles

Hughlysses
12-12-2015, 06:10 PM
Cross-posting from Facebook and Badweb:


Ok guys, I have some info.

A liquidator, Liquid Assets (Bill Melvin - liquidator) was the buyer at $1.6m - they are keeping it quiet waiting for the Judge to approve the sale this Monday in court - they don't want to create opposition to the sale by having employees show up to oppose the liquidation of EBR.

Anyone & everyone can speak to the Judge in court - it is a public hearing - if 10 to 20 employees would show up and tell the Judge how this effects them personally it would make a difference to buy more time - especially since there are other buyers interested in keeping the company intact rather than breaking it up - there is no reason why EBR had to be taken to auction so quickly.

if the employees can show up and tell the Judge the impact of liquidation on them personally - then ask the Judge for more time to find a buyer that would keep EBR intact ... it would have a significant impact -- especially since the creditors that are owed money are NOT forcing a quick sale of EBR (since they are take a BIG loss on what they are owed).

So we can help this. There are people trying to work out a deal to keep it together, just need more time.

williegoat
12-12-2015, 07:03 PM
This is the way the world ends
Not with a bang but a whimper.
- T.S.Eliot

mrlogix
12-12-2015, 07:10 PM
HUH? Bruce bid 2.25 the first time. I would think that he would still have that amount to try again since the first time never closed. Did he post on book of faces that he was outbid?

Hughlysses
12-12-2015, 07:49 PM
HUH? Bruce bid 2.25 the first time. I would think that he would still have that amount to try again since the first time never closed. Did he post on book of faces that he was outbid?

Yes, he posted this:
Two days ago, we had the winning bid. Last night at 5:45, a well-crafted bid from another buyer was circulated, which required us to surpass his bid by more than we had available in time to close. Despite our best efforts, we lost the auction, but EBR remains intact. Out of respect for the buyer, this is all I will say on the subject, as I am advised he will be issuing his own press release shortly.
Thank you all for your support and encouragement throughout this endeavor. It made all the hard work worth it.
Never quit.
Bruce

"EBR remains intact" does not seem to go along with it being sold to a liquidator.

GregoXB
12-12-2015, 09:47 PM
RIP :down:

d_adams
12-14-2015, 05:26 PM
Sale to the liquidator has been DENIED!

Hughlysses
12-14-2015, 05:48 PM
Hearing to be continued on 14 January. Bruce says this is a good thing.

Mope
12-14-2015, 07:17 PM
I was seriously bummed on Friday. This makes my day.

Dellinger
12-14-2015, 07:37 PM
I can't take any more suspense...
Fingers crossed...

mriulvr
12-14-2015, 08:22 PM
Next time on EBR goes to auction, will Bruce win? Will a new player come into the picture? Will the judge... Ah, crap! Who knows!?!?!?!?!

TPEHAK
12-15-2015, 01:30 AM
Does this mean I can buy EBR 1190 for cheap?

Hughlysses
12-15-2015, 11:34 AM
Article on yesterday's hearing: http://www.jsonline.com/business/judge-declines-to-approve-sale-of-motorcycle-companys-assets-b99634187z1-362120151.html

wickedchop
12-15-2015, 12:41 PM
Thanks Hugh, just checked out demetri's Facebook page. Dude seems like he is into bikes, rock and roll and mega cute chicks...WINNER? Hopefully.Belfer is on his page as well, maybe these two together can pull this off......fingers crossed.

cjanderson_90
12-15-2015, 09:48 PM
That article doesnt look good for EBR. Bruce failed to meet deadlines twice and no one else stepped up to bid. The company that had the highest bid, buys companys for their machines and sells the machines. Another interested party was looking to operate EBR on a much smaller scale. I think he wanted the name. Either way, it doesnt look good for EBR.

Cosworth
12-16-2015, 11:27 AM
I think I saw in earlier posts he couldn't meet the deadlines because hero couldn't or wouldn't resolve assets, so Bruce could not close with a uncertain asset sheet.

Mope
12-16-2015, 05:52 PM
Yea, not Bruce's fault - Hero ****ed us a second time taking forever to finalize their end of the design sale. Without that done, and some uncertainty about what they were getting and how much it devalued the remaining entity, there wasn't any way underwriting/financing could occur. Bruce couldn't then meet the closing deadline of his winning bid. I am surprised that the article says there were no other bidders; he pretty clearly stated they had a winning bid until the final day of the auction.

All that said, CJ; I only have an outsiders perspective, but insinuating that Bruce failed in any way seems off base to me. We all want production to start again tomorrow (as an owner, I more than most), but these things just don't go that way. He may not end up with the remaining entity, but I think he's done both an admirable job trying to save it and an extraordinary job of communicating with all of us.

BambamXB12r
12-16-2015, 11:42 PM
^^^ spot on

Mope
12-23-2015, 02:47 PM
We're Buellers.......just the type of people who'll do a bit of extra work where others wouldn't. My bikes have been great to me; this is a chance to give back. Our intervention may fend off a liquidation and no hope for a future company. Who'll join me in writing a letter?
(Taken from the auction thread on badweb, but that's where Bruce is posting)

_______________________________________
Hughlysses:
Formal written objections to the sale to Liquid Asset Partners to be submitted to Judge Koss by January 6th. Hearing continuance till January 14th at 8:30am. I'd think you should include the information on the case number and judge in the heading of your letter to ensure it gets to the right person.

CASE# 15CV00247 - Branch I - CIVIL
Judge: Hon. Phillip A. Koss

Mailing address:
Walworth County Clerk of Courts
P.O. Box 1001
Elkhorn, WI 53121

Bruce Belfer:
What do these letters need to say?

How a liquidation would affect you. Your investment in EBR motorcycles. American manufacturing jobs. Basically just tell the Court why liquidation is a bad thing and why EBR should be kept alive and intact. Your personal reasons are fine, so long as they're real and truthful. Don't make things up. That's what these letters need to say, no more, no less.

Bruce has been paying salaries for the last six months to keep the talent aboard. Twenty minutes and a stamp is the least we can do to say thank you. Oh, while Bruce's post talks about those local, I think that showing a national following/dealerships/interest show the company's long term viability, so that's what I'll be including.

I'd post to the Lightning/Bold forums as well, considering the viewcounts they get, but I fear the banhammer :)

submax
12-23-2015, 04:07 PM
Thanks for cross-posting this from BadWeb, Mope! I'll be writing a letter. Hope all the other Buellers here will do the same...sure would be great to see Buell continue on in some form or another! :up:

wickedchop
12-23-2015, 04:15 PM
As busy as I am w work, I'll still be on it!!!!!!! My letter will get written this weekend and mailed. Thanks keep up the good work mope

submax
12-26-2015, 06:18 PM
Hi all,

Here is the latest summary from Hughlysses about writing a letter to help save EBR from being sold to a liquidator. In particular, it is important that copies of the letters go to both addresses or the letter may be discarded as part of legal procedures. You can find more details of the conversation on BadWeb. Please consider writing a letter!

Thanks!

From Hughlysses:

OK, here's my attempt at summarizing the points that have been made in this thread regarding writing the court:

1- Use your printer or write neatly.
2- Make your letter short and to the point- the main point is that we'd like to see motorcycle production continue rather than the company's assets be liquidated.
3- Send a copy of letter to the judge AND the receiver and note this on the letter.
4- If you're from Wisconsin and particularly Walworth County, mention that in the letter.

Receiver: Michael S. Polsky
Address:
Beck, Chaet, Bamberger & Polsky, S.C.
Two Plaza East, Suite 1085
330 East Kilbourn Avenue
Milwaukee, WI 53202

Judge: Hon. Phillip A. Koss
Address:
Walworth County Clerk of Courts
P.O. Box 1001
Elkhorn, WI 53121

Include the following info in your letters:
CASE# 15CV00247 - Branch I - CIVIL
Judge: Hon. Phillip A. Koss

TPEHAK
06-25-2017, 02:40 AM
EBR liquidation


https://www.youtube.com/watch?v=kCAyN1e6EVM

djs2k2
06-26-2017, 03:44 PM
I want it all will they take a check postdated for 20yrs?

Kid Thunder
07-16-2017, 04:50 AM
Why is the article dated July 16 2015?

Silverrider
07-16-2017, 08:38 PM
Interview with Erik about the upcoming sale of EBR: http://www.powersportsbusiness.com/top-stories/2015/07/16/turnkey-motorcycle-manufacturing-company-for-sale/

According to the last line of the article, the sale, originally scheduled for July 21, has apparently been delayed for some amount of time.


Dated July 16, 2015 It looks like a 2 yr old article.