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The current status of Ram Controls:
Mikezilla:
IS there a thread on the BYOAC forums about what happened before? I checked over on the KLOV forums, but I dont like how those threads read. Im with Frizzle on what has been transpiring, based on what I have read so far. So the guy screwed a bunch of people out of preorders, then pretended to be someone taking over, then screwed them again, and now there is a "new guy" doing it all over? Thats insane!
I did however think it was funny that one of the machine shops the guy uses is literally down the street from where I live. In San Diego.
Spunkmeyer:
--- Quote from: Mikezilla on June 16, 2011, 01:36:00 pm ---IS there a thread on the BYOAC forums about what happened before?
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http://forum.arcadecontrols.com/index.php?topic=110148.0
bkenobi:
--- Quote from: smalltownguy on June 16, 2011, 01:25:16 pm ---
--- Quote from: Spunkmeyer on June 16, 2011, 01:24:03 pm ---Where is Dave Adams in all of this?
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Why would anyone care? That's a dead end road.
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Well, that may be true, but it depends on the way the business was licensed. There are a lot of ways to open a business and the debt and liability implications vary from one form to another as well as where the business is founded (different states, different laws). My wife would be able to answer this better than I as I don't have an MBA, but I know that LLC's are different than SCorp etc.
In the end, Dave's name is on the business license, so he minimally has some limited liability. In any case, if the business closes it's doors with people owed money, then the debtors don't follow the assets, they follow the business ID. Thus, they would be owed by whoever has the financial obligation of Dave's RAM Controls business ID. That's likely Dave.
Mikezilla:
--- Quote from: Spunkmeyer on June 16, 2011, 01:39:26 pm ---
--- Quote from: Mikezilla on June 16, 2011, 01:36:00 pm ---IS there a thread on the BYOAC forums about what happened before?
--- End quote ---
http://forum.arcadecontrols.com/index.php?topic=110148.0
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:cheers:
smalltownguy:
--- Quote from: bkenobi on June 16, 2011, 01:40:30 pm ---Well, that may be true, but it depends on the way the business was licensed. There are a lot of ways to open a business and the debt and liability implications vary from one form to another as well as where the business is founded (different states, different laws). My wife would be able to answer this better than I as I don't have an MBA, but I know that LLC's are different than SCorp etc.
In the end, Dave's name is on the business license, so he minimally has some limited liability. In any case, if the business closes it's doors with people owed money, then the debtors don't follow the assets, they follow the business ID. Thus, they would be owed by whoever has the financial obligation of Dave's RAM Controls business ID. That's likely Dave.
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None of which matters, because Dan has made a public proclamation that he intends to take care of everyone who has been wronged. He stated it in his first post in this thread.