Status of Everything Attachments

[airbiscuit]

So you think his business practices were sound?

 

[aesanders]

Everyone can make up their own minds regarding Ted and EA. To me, all their recent actions scream shyster to me. I doubt if I will ever really consider them for an implement again, as I know there are just as good other implements from other companies that didn’t take peoples money and run. Ted may have said that 2.3 million dollars were returned by credit card companies. This doesn’t mean EA returned the money, just that the credit card companies did. People that paid by checking are not getting a refund. Maybe they will make this right, but I would give that seriously low odds.

 

[steve tym]

So, you think his business practices were all good?

I didn't say that.

 

[Mtsoxfan]

We do not know details, giving the benefit of the doubt, he didn't use customer funds to pay for anything. (it has been suggested that is criminal, I have no idea) Since he wasn't charged with that crime, the money MUST be available to be returned to customers who didn't receive the product they ordered. It has been reported that he didn't return money from checks.
So, either it can't be proven beyond a reasonable doubt that money was spent elsewhere, or it is available for return.
Anyone care to add to that thought?

P.S. I'm just a homeowner using a EA toothbar that I love, but lost all respect for EA based on some solid sounding information, regardless of how many holes some people claim that information has.

 

[MinnesotaEric]

So you think his business practices were sound?

The only way Ted and EA could have prevented this is if he took out a bond against all things unexpected on top of the construction loan. I discussed this in my OP on this thread. Perhaps you missed it?

 

[airbiscuit]

If he had done rudimentary accounting, he would have categorized cash received for orders not yet built or delivered as liabilities. He had to have known he had cash flow issues and not sufficient margins. Do you seriously think he did not see things coming?

Maybe you should float him a personal loan if you believe in his business acumen so much.

 

[MinnesotaEric]

If he had done rudimentary accounting, he would have cash for orders not yet built or delivered as liabilities. he had to have known he had cash flow issues and not sufficient margins. Do you seriously think he did not see things coming?

Maybe you should float him a personal loan if you believe in his business acumen so much.

Why are you attacking my person, when I've only acknowledged only what can be known, but cannot speak to anything that is speculative?

 

[airbiscuit]

.... Again, all the problems seemingly stem from EA couldn't move into the new building because at least one sub-contractor changed the spec and from that, EA couldn't get an occupancy permit.

So you know that to be a fact? Maybe the new building situation was more a problem with Ted than the contractor.

Plus he still had his old building, and could have continued manufacturing of all those products for which he had already been paid.

I'm not attacking your person (I actually like your videos). I'm just trying to understand why you refuse to consider that TED has any culpability.

 

[MinnesotaEric]

So you know that to be a fact? Maybe the new building situation was more a problem with Ted than the contractor.

Plus he still had his old building, and could have continued manufacturing of all those products for which he had already been paid.

I'm not attacking your person (I actually like your videos). I'm just trying to understand why you refuse to consider that TED has any culpability.

1) Why won't the municipality grant an occupancy permit?

2) I've explained that I'm staying on the side of what can be known.

 

[Fuddyduddy1952]

This is known. Read the article then decide.
I'm not good at links, but easy to find:
Farm Equipment News

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Everything Attachments Faces Legal Trouble