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[Specter]

I just got done talking to a mouse.
The mouse had talked to a fly on the wall.

Energica  may not be dead yet.

Nothing is final until the paperwork is signed, and nothing is permanent until then either.  What is a done deal verbally wednesday night, we will go in and sign the paperwork thursday morning,  come thursday morning, someone didn't get laid last night and says fuck this, im outta here, and the deal crashes.  NOTHING is a done deal until the papers are signed.

I will say this.

Keep the faith,

A company can say fuck this were done, im taking my toys and going home and just totally dissolve, screw the customers and all.

There's a legal way to do that.  it's called Bankruptcy.

A company can say, this didn't work out, lets shed some problems we know what went wrong, we fixed it...and try again,  there is a process they have to go thru TO spin off and do what they need to do.   That process ....  it's called Bankruptcy.

A company can split apart.

A few big companies did that in the past,  instead of  conglomerate inc.   Let's break it down into smaller units so it's easier to manage, and we can cut out a problem area.  Let's break ourselves into 5 areas.  conglomerate USA,  conglomerate Mexico,  Conglomerate Greece, Conglomerate Italy and Conglomerate france...... as an example.  So a company can frack itself and keep operating in certain spots, under new ownership new guidance, new corporate rules.  whatever they determine  will work for each area, they are basically... as bankruptcy is called....  restructuring.....

we are going to fix some shit and try again.

A company can do many things to try to restart if they want to BUT... they have to go THRU THE PROCESS to do it.

Energica is going thru a bankruptcy process to clear out the old..... hopefully to bring in the new.

There are legal ways to do this and deadlines.....  it can take 15  or 25 days for some parts in certain countries.  In other countries the laws are different, and it can take 30 days  or even 90 days....  OF COURSE.

Have to give things time so that IF a company says, we want to continue or keep going,  a judge can look it over and say,well.. OK...  this new plan looks doable.   Then you need to find investors of course.  someone has to put some cash up so the new company can get going !!!


Keep the faith ladies and gentlemen..... the fat lady has not sung yet.

Keep your fingers crossed that some official new GOOD news happens soon, but again, have to give the process time to work.

I feel very confident that something will come out of this. and that energica is not just going bye bye.  If they truly had books full of orders, THAT in itself shows they are viable.  Many of those were government contracts, so we were told in that one article,  those are easy to verify.  To an investor, this company is ready to hit the ground running, they don't have to start up,..... they got people already WAITING !!!.  they started, they were doing very well  (they got shit tons of orders right)  but something went wrong and they got fucked.... it was NOT THEIR FAULT!!  They are ready to go to the races,  they just need a kind new owner and some cash to buy the parts to make these bikes that are ALREADY ORDERED. and start flipping bikes and get back into the game to start making everyone happy again.

Keep the faith.  I am hoping we will be hearing something fairly soon here.   Even if it's bad news .. by law, I think they have to notify the general public  /   and customers, people who have an interest in them... that would be US with their products that might need their service, what is going on.


Keep the faith.

Aaron

[Grauteufel]

You have no idea how much I really want your mouse and fly to be knowledgeable and accurate.

Here’s hoping mate.


Edit - I had a late thought…could things even be settled in time for a circa EICMA announcement!!

[jotjotde]

Thank you for the motivating thoughts! Keep thinking positive!
Can we do something to keep the fat lady from singing? 

[Pard]

https://www.facebook.com/TytlersCycle

The Tytlers racing team is optimistic as well. 

Check out the posts about energica on their page.

[MichaelJ]

For those of us who don't have a Facebook account (or closed theirs) is there a Cliffs Notes summary?  Thanks!

[Specter]

It's not over until the fat lady sings.

A company in trouble has to 'fix' their problems and come out the other side with a solid plan before they have any hope of restarting.

The way to do that is BANKRUPTCY court.

Energica is in Bankruptcy court right now, trying to fix problems.

That takes time.  Once the judge clears it, THEN they can try to move forward with their intentions, but THAT takes an investor.

It's a process,  a process can be slow sometimes.

Either way, good or bad, they have to let people know what the final outcome will be.  If they don't know yet, then how can they tell YOU what the plan is?

Give the process time to run it's self thru.  I feel confident there will be something official fairly soon from them and it won't be all horrible.

Aaron

[SonOfAnakin]

I so very much want to be optimistic as well.  But how do you square this with their own statement on Facebook?:

?As we flip the last page of this wonderful book, we reflect on what we’ve learned, done and achieved in this decade (or more) of extraordinary things.
We started with an idea, we turned it into a concept, we made it a reality - and finally we made our way to you.
Week or weekend, workday or holiday, our focus was always there, brainstorming in search for new ideas and looking for the next step to bring us closer to the goal, sharing this journey of joys and challenges with all of you.
We cannot be prouder of what we’ve built and the impact we have made – and YOU have been our best allies and ambassadors as you showed there is a different way to do things, and how fun it can be.
For though our paths may diverge, the spirit of our adventure will forever resonate in our hearts.
THANK YOU to everyone who was a part of this remarkable journey.
Here’s to the memories we made together and the bright futures that await us all ?

[Pard]

For those of us who don't have a Facebook account (or closed theirs) is there a Cliffs Notes summary?  Thanks!

"Tytlers Cycle
 it may be that bankruptcy is a means to an end. We know that we can tune the bike to run at the front. We hope to be on track with it. Patiently letting the process play out."

"Tytlers Cycle
when we placed well in 23 we had all sorts of performance upgrades in front of us. You won’t believe the new bike if we can get it on the grid - after the lawyers get done."

[PWM]

So, in other words, the Energica board of directors are willing to liquidate all assests to payback their suppliers and employees, but the bankrupcy court can consider a business plan to pull them out as an alternative to liquidation?  Once you liquidate there's no coming back, IMO...interested in knowing how this will turn out.  Will I buy another Energica?  Can't say that I need to...and that's the point...customers are happy and that should weigh heavy in this equation...

[Motoproponent]

I feel pretty lucky to live in relative proximity to the South San Francisco HQ. The mechanics that work there will probably hire themselves out as wrench twisting mercenaries if they get let go and don't get picked up by whatever happens to Energica.

I predict a small little pocket of supported Energicas here in NorCal and another for those in proximity to Energica of New England.

But only if we lose the faith.

 

[wadejesu]

Perhaps if I need service, Updates, clear service indicator, etc, I could call on one of them to travel or send me the tools, PC interface , assuming that some will have these?

[Specter]

Im afraid it won't be that easy.  Even IF they wanted to do this, without the source codes and all the crap for all the software over the years, they can't do much if you need to replace a part.

We ran into this kind of crap in the power plant too.   This device runs canbus,  this one runs a fkn gwbasic script,  this is siemens plc, that one harmony, , oh hey lets throw in allen bradley's ladder logics, and yet this one ge's proprietary nightmare.  Now lets start putting data into digital words .vs. just a signal, then we can compare them at the other end and charge the end user BIG BUXXXX for that package !!!

oh but which version.  as the years go on, tweaks are made here and there and things are not necessarily compatible.  This is why we make 60 an hour, because over the years you learn how all this shit is tied in together and know how to finagle it to make it work with the rest of the stuff that's obsolete, older year, not an upgraded,  wrong version number  bla bla woof.   The software AND the knowhow to make it all work and tweak it is the critical path here.

If they don't come up off the software, you can't change things out, it's all married to each other.

aaron