Mr Peabody
Well-known member
Wow, this should be, interesting.
So no more VAC and Acora at shows ...!![]()
Details? Are you referring to new developments since Friday?
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As Mike said and I have heard from others who I trust to know, this isn't a done deal yet.
I also heard that ARC's appearance at the Munich show was just a small cubicle and they were their to prevent panic as European dealers are sitting on inventory.
i have no clue what the problem could be, but as far as i understood the founder sold the company a few years back to mc intosh and stayed at the company.
usually a sign for low cash liquidty.
then sombody else bought the company and employed a couple of old friends on top.
may be too much salary to pay monthly?
the company said they are full of backorders, so i thought they spend too much cash ineffectively.
yes, no clue.
is the deal done now, does acora buy definetively?
just overflew a bit of papers and thought the owner (trent suggs)was gambling with the fire
i then googled the man and found an interview with him about his career (was fired everywhere quickly) and about his relation with audio research.
i am sure he was enthusiastic and liked the company. he invested his money and fucked up, so i feel sorry for him. i cant imagine any bad intention.
but yeah, people in trouble are prone to become cheaters.
he was talking about 400 backorders !! , so i thought the problem is elsewhere.
2) the fact no one else but him was willing to buy Audio Research after doing DD while it was up for sale says a lot about their overall situation.
The situation is probably much worse today with Covid and the war in Russia causing supply chain issues and debt and liabilities mounting.
Wish Val all the best, but oh boy….it’s an uphill climb.
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