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PM is but a canary in a mine. Banking is going to change and change it must. The Banksters need to go! The banks are loosing or already have lost most of their teeth, it just hasn’t been disclosed to humanity. That is in process, moving slowly but surely.
The Banks are in a big arse quandary and it might be easier to take what they can (At the next PM meeting) as they also are heading to restructuring. Yes, (in our lifetime) banks will be restructured from being extortionist for the Elohim/Archons to being of service to humanity.
We are living in the most amazing times known to humanity!!!
Is this a Bot? 😂
It's his cry for help
I'm not a fan of either of them personally, but the proof is in the pudding - and what some people may think or say is nothing but their opinion. Lots of techies don't like these guys because of their association with Trump, so I'm not putting stock into their opinions. Lots of people in tech can't carry on a conversation outside of their smart phone. I don't put much stock to ~80% of the people who work in tech think. I do trust my son, who does and a few of my close friends and they have no issue with either person. I'm an engineer and a business owner and have at least some level of appreciation of what it takes to start and build things from ground zero. So while I may not like either of these guys personally, I do have some level of respect for what they have accomplished and are trying to do. It's kind of funny. 2 years ago, liberals galore loved Elon. Now, they hate him. Hell, Musk is about as middle of the road independent as there is.
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KTM had to know this was coming . MXA is constantly telling us how smart KTM is. If thats true, and KTM is smart, that means they fully intended this to happen. And they knew they could never pay those bills. Theyre too “brilliant” to not know what was happening to them. How can the bankruptcy judge be lenient with them? The judge will say. So….you kept up this racing program? And how much does it cost? While you werent paying the factory workers? Doesnt take an Austrian genius to figure out that Hes gonna say that KTM isnt showing any intention in paying back the debt AT ALL.
"How can the bankruptcy judge be lenient with them?"
They are in insolvency, allowing time for management sell creditors on a restructuring plan, the judge acts as an adjudicator, if the creditors don't agree, then they go into bankruptcy, that's when it becomes a fire sale, everything must go.
But, c'mon, it would be a crazy insane management choice to bail out a supplier and then to choose to let it bankrupt two months later, especially considering they already had nearly a year of advanced motorcycle inventory and were absolutely drowning in debt at the time of said bailout.
There's definitely more to it that we won't ever hear.
They state 1.7B debt in October 24.
Couldn't have said it better myself. There are correlations between PMG and the US Gov. And people can hate on Musk all they want but they have to put their personal feelings/politics aside and realize he is a net positive to society (a very high net gain). How can you dislike the guy?
-Eliminated millions of tons emissions into the atmosphere (Tesla)
-Saving lives with their FSD software (my Tesla has saved my life a couple times when I have dozed off) (Tesla)
-Trying to make full autonomous vehicles so people can rideshare and reduce more emissions and vehicles on the road (Tesla)
-Saving lives with their vehicles (safest on the road, 5 star ratings every category) (Tesla)
-Promoting free speech (1st Amendment). Eliminating censorship on X. Meta is now following suit
-Trying to reduce traffic (Boring company)
-Advancing space exploration and creating reusable rocket boosters (SpaceX)
-Saving stranded NASA astronauts with Crew Dragon Capsule at the space station when Boeing shits the bed (SpaceX)
-Creating an internet service that can be used anywhere, especially for poorer/rural areas and areas under distress (SpaceX, Starlink)
-Creating satellite-to- cell phone integration which save lives (SpaceX, Starlink)
-Military Defense (SpaceX, Starshield)
-AI advancement, soon to be integrated into Tesla vehicles (xAI)
-Brain computer interfaces for people with paralysis (Neuralink)
-I'm sure I'm forgetting something
I think he had something to do with the boring company that did underground tunnels.
He also now the top ranked diablo video game player in the world, he was in the top 20 for ages with the other 19 being Chinese but now he is top dog, crazy.
It seems Pierer, Bajaj and CF all want majority ownership. That’s not going to happen.
The bankers don’t trust Pierer’s promise to pay? Imagine that…
The upper level management at KTM are a lot like the Biden administration. They look out for themselves with complete disregard to the companies employees and dealers. The decision was made to cut jobs vs have the higher ups return their company vehicles at the end of 2024. I was told the CA office camaraderie is non existent and the employees still there are walking on egg shells knowing they could be cut today. John Hinz has failed at every other role within the company yet he was promoted to CEO since he will be Austrias puppet. Stevie wonder might as well be at the helm because employees are being led blind. Its a bummer to see this news in general but it really hits home when it starts effecting friends livelihoods and my local dealer of 26 years. If you attend A1 make sure to let the leaders of KTM NA in the press box know their number 1!
Has he done some good? Yes. Is he a snake oil salesmen? Yes
Both can be true
The space exploration gives us all something to hope for!
That sucks - shame on KTM
There can be no salvation until the master and his puppets are gone.
LOL you clearly don't work in tech. Its flooded with people that talk a great game but don't really do shit. And there's a certain demographic that only cares about checking boxes - quality control, testing, and planning are foreign to them. They just wing undocumented change and hope it works, then hide when it doesn't. I deal with this every day. Frankly, in almost EVERY tech firm I've worked for in my 30+ years (and there are some big names on the list) anyone above the operational management layer is almost invariably a clueless, acronym-spouting, shiny-object chasing waste of profit. I'm retiring in a couple years thankfully. If the $$$$ wasn't so good I'd have left years ago.
My current mgmt chain has no clue what I and my team do. I could do almost nothing and not have it known, but that's not how I work. I run a tight ship and we have one of the best facilities in the business as my team buys into the "do it right the first time" vision. Surprisingly, my CFO is pretty competent and conversant in the technology I run. But he did come from the nuclear Navy so he has some background.
What Snakeoil?
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Vital Lynchmob Effect (VLE) is real. I listed a plethora of facts of all the value the guy has added to humanity and all I get is downvotes?
That goes to show what kind of society we have become...
+1 to that. The management takes the all credit from the success what in reality their staff has created and most of them are totally clueless what we are even doing. But when there's a failure it's newer their fault even when failure is usually caused by ridiculous timetables and cost saving requirements which they have set themselves 😔
"We're gonna find $2T to cut!". That was BS when he said it, and he's already backed off. Just like the Orange Clown has decided lowering consumer prices is going to be tougher than he claimed. I'm also looking forward to them stopping the Ukraine/Russia war by Jan 7th. How do I know they are lying? Their lips are moving. No, I am not a Democrat. I used to be a Republican. Now I'm just disillusioned by the pervasive idiocy in our system.
So I don't think you understand what a snake oil salesman is.
What is he trying to sell you (Musk) that isn't real, or do what it promises to do, IN WHOLE - IE, FSD being delayed doesn't mean you didn't get a whole ass car that otherwise does what it claims -
To be a snake oil salesman, he needs to be offering you a bill of goods in exchange for currency, then not delivering.
- Posted from Starlink, my only viable internet option that delivers exactly what it says on the box
Anybody at press day at A1 - KTM vibes?
Elon is just a another guy who has been shouting the loudest in the meeting room. He has hired enough talented persons to do all the dirty work while he is getting credit and money from the work
This has gone off the rails with the Musk talk. He doesn't and won't ever care about KTM so arguing about what he could hypothetically do for them is childish, and arguing about whether or not he is a good guy is irrelevant (put it in non-moto).
Well first off he didn't start PayPal or Tesla like he makes it seem. He also has never hit a deadline(interest free deposits anyone). Still waiting on these dream tunnels to save us from traffic. Oh, and the SolarCity bond buyout which was illegal to bailout family members using Tesla and SpaceX funds. There's plenty more examples but that's just off the top of my head.
Good call, will end that now
No offense but If the game isn’t working for you go out on your own.. this is business and it’s not fair…
How is that a "problem?" Creating value for shareholders and providing hundreds of thousands of jobs are a problem?
Still not "snakeoil." I agree his timelines are late but they are actively trying to solve these issues.
Post a reply to: KTM to file for Bankruptcy/ Self Restructuring on Friday