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The current status of Ram Controls:

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Vigo:
I haven't been following this whole thing too closely, but if there are a number of major outstanding debts, then there is a very clear and prompt solution to taking care of this issue.

1) Pay off everything you can. Ship everything you can.

2) File for ch. 11 bankruptcy, because if you are not able to pay off or fulfill orders on everything right away, then only only reason for that is you as a company are bankrupt. Every screwed customer will file a claim with you through the courts and you will avoid the impending legal fees. The people getting screwed do not want to be forced into a legal battle either. The quicker you file for bankruptcy, the quicker everyone will get their money back, as opposed to being jerked around forever on this and in the end nobody wins.


Making promises to pay back past debts based on hopes for future profits is total BS.

smalltownguy:

--- Quote from: dan_ram on June 16, 2011, 02:16:16 pm ---I know there was a lot of money owed by Dave when I took this thing over. I had an attorney draw up the paperwork to shield myself somewhat should this get out of control. The way it was structured is that I took over the assets, the intellectual property, and the web domain as payment for the debt he owed me. David does not own any part of my business or the stock. He has no control over my business or how I choose to run the Ram Controls brand. I do have an agreement where he will answer any questions I may have about the stock, past orders, and guidance to create new products. I do not come from an arcade background so I put it in the contract that he would provide this help. I do have regular contact with him by text message and occasionally via phone, but he is trying to put his life together and he knew he could not continue Ram Controls so this was the best possible solution. I pretty much felt I would never see any of my money back so I made the deal.

--- End quote ---

FYI....I had questions about Dave's involvement with Dan, so I went to the source and emailed him directly, at 10:30am central time. At 1pm, 2 and 1/2 hours later, his response came back to my email, with the above mentioned text, word for word.

@ pinballjim> Can YOU make your own Lunar Lander thruster? I think the intellectual property here would be the supply chains, cad drawings, production run specs, injection molder contacts, etc.

Mikezilla:
So wait, why did the guy do this, just to scam people and make the cash, or was he in trouble and needed it for something? How can you be in contact with him, since he is obviously a criminal? What is he doing now?

dan_ram:
Absolutely not so..

What about the countless hours David and other engineers spent drawing up all of this stuff in Solid Works. What about the build documents that specify exactly where a certain part came from and how much it cost. What about the website with all of it's pictures and descriptions of parts. What about the contact info I have for vendors and past customers. That is all VERY much intellectual property. Intellectual property is defined on Wikipedia as:

Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law.[1] Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions.

smalltownguy:
See? Told you ;)

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