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  #41  
Old 01-15-2018, 11:06 AM
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ghrocketman ghrocketman is offline
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Companies almost always state they are on solid ground right up to the point of disappearance.
Statements of "novel accuracy" or "spin" are regularly released by corporate PR departments during times of financial crisis. May or may not be the case here in this instance, but not uncommon when a corporation is in bankruptcy.
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  #42  
Old 01-15-2018, 02:18 PM
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Jerry Irvine Jerry Irvine is offline
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One possibility is the lien holders could become the new owners of Estes and Revell. The operating companies themselves are good to go. Nobody has incentive to dissolve Cox or any of the brands Hobbico controls.

Sounds like it was managed like a D congressional committee runs the country. Debt and spending first, forget everything else.
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  #43  
Old 01-15-2018, 02:41 PM
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Agreed on both points (GH and JI). I'm just not going to be surprised either way, whether our hobby companies come out the other end of the tunnel stronger than ever, or disappear forever over the edge of the "flat earth".
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