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The current status of Ram Controls:
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Vigo:
Ragtag, This is another outside perspective, but there would be no issue as soon as people get their money back or get their product owed. From my understanding, there is no inventory on a number of product that were ordered. The issue is that people were screwed, and they haven't got anything yet. Talk is worthless, and Dan will just have to prove himself, that's all.

He has the opportunity to turn things completely around, and nobody will show any anger once he sets things straight. It is understandable why everyone is once bitten, twice shy.

From the way I see it, it would take a day to cut refund checks, and only a few weeks max to ship out all the inventory owed if it exists. We will see if that happens.
milkit:
one thing that confuses me...

you say you took over ram controls because he owed you $25k worth of stuff. Yet you also say you aren't from an arcade background.. so why were you dealing with RAM?
Malenko:

--- Quote from: milkit on June 17, 2011, 09:28:51 am ---one thing that confuses me...

you say you took over ram controls because he owed you $25k worth of stuff. Yet you also say you aren't from an arcade background.. so why were you dealing with RAM?

--- End quote ---

I took it as he bought stock, as an investment.

Dan, what about the money Ram controls owed to people like GameRoom mag for advertising? Im pretty sure him not paying is what was the nail in the coffin of that awesome mag (well, it needed more pinball too)
ChadTower:

--- Quote from: leapinlew on June 16, 2011, 10:53:23 pm ---Seriously, I'd be ok if RAM made good on all the back orders...  except Chads.

--- End quote ---


You're out of luck.  I already have a tracking number.   :oldman

Dan has been fully reasonable in private conversation.  We had a long and civil conversation about Ram Controls' legacy.  I am fairly convinced this will all work out.  Of course, I had high hopes for the last "new guy" brought in to salvage Ram Controls, and he did nothing but stretch people out via empty promises.  This doesn't feel like that did.  I'll post again when the parts arrive from Dan.  So far, in my direct experience, Dan has been everything he says he means to be.

That was a great post from Delgar.  Thanks for the expert opinion.  I was one of the ones who mentioned that he could issue all of the refunds out of his own pocket.  Note that I did also say it wouldn't be the most viable option for Dan.  I was pointing out that there are options besides new orders here.  The "if you don't give him new business then nobody gets refunds" pressure is not the only way.



SuprSprint:

--- Quote from: dan_ram on June 16, 2011, 08:07:31 pm ---I am not too concerned with what liabilities Dave has, that is really not my concern. If people can get blood out of that turnip I will commend them. My concern is to salvage the business, make things right with those owed, and release some new products.
--- End quote ---

You would do well to be *very* concerned about what happens with Dave. Your contracts with Dave don't mean a hill of beans here.  When a business engaged in fraud dumps assets, especially large percentages of the total assets, the court can (and often does) seize those assets until the issue is resolved. Also, unless you paid fair market value the court will likely go over your transaction with a microscope to see if you were unfairly enriched. And if they feel you were, they may well seek to enjoin you in the case as a co-conspirator.

At the very least, you stand find yourself owning nothing more than a domain name, an empty warehouse, and a pile of debt.

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