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Only $10 for all 2026 SX, MX, and SMX series.
Completely agree, but these are budget bikes at a low price point. Certainly won't make it easier to sell their overstock on the other more expensive KTM models, that's sorta the bizarre part. These new 390's might sell great, but possibly at the expense off all the overstocked bikes??
Let’s be real: the only thing that will move those overstocked bikes at mass quantity will be selling them at a loss or near loss. And that is also the only course of action creditors will abide at this point.
A lot of those will be sold in India, their largest market is growing...
Exactly, in 2023 they've made 145 000 bikes in India, sold 66 000 bikes in India (looking only at KTM and not other PMG brands, they do sell more KTMs in India than in North America)
And market growth in Europe is due to low budget motorcycles.
We know they sell more street bikes than dirt bikes, we don't know what the stock is, what models have been most overproduced.
I think they make more money from street bikes and dual sports 250-390 than from SXFs. Makes sense to concentrate their efforts there to faster improve their situation.
Edit: 44 hp, 159 kg, 6 speeds, 6.7k€/$5.5k seems pretty good for a dual sports/trail bike
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Q1 sales meetings are in the books. This coming week will reveal the courts next step in the restructuring process. The remaining employees don’t expect any transparency from John Hinz or the NA leaders. The motorcyles in the Ohio and California warehouse are indeed going to auction. Only dealers will have the opportunity to purchase these motorcycles from auction. Dealers have had the opportunity since last year to purchase these motorcycles with double rebates and additional discounts. It will be interesting to see if auction prices can beat the massive discount the company had on the bikes trying to get them off their books before last year ended.
These are all lip stick bikes. Small profit margins for dealers but makes it look to the public as if the company’s developing new product. While they have changed some of these models slightly it’s still the same 390 platform.
Jan 26 still a extremely dead economy, no freight . Laundry lastnight in Cincinnati fj local news said home sales down 30% last yr. Everyone out here is making nothing. Only thing on the up for 2025 is beer & pot sales.
I’m pretty sure that the new 390 platform is significantly different than last year. Big changes in engine, frame, and suspension.
I wonder if PE breaks it up if they could carve out the premium piece and remain profitable? Spin off the Indian and Chinese KTM crap.
Meme coins selling like crazy though ;-)
@Beagle, can't wait to hear your report on the epic "Extraordinary Shitholders Meeting" that was going to be what saves the company.
Looking to the stock price your response will be the only thing epic.
Have a day off pal 👍
Yes take a day off. Nobody ever wants the truth.
Where did you hear that the shareholders meeting was meant to be epic or that it would save the company? They are just voting on stuff to begin implementing changes based on feedback from the creditors committees and in preparation for the final hearing in February.
https://www.vitalmx.com/forums/moto-related/dont-catch-falling-knife-pi…
Is that supposed to be a working link to something or just a childish way to tell me to read the thread?
Are they announcing something this week?
Link is 100% legit.
I guess you have not noticed the massive amount of post deleted from this thread either.
Don't worry. I have faith someday you will figure it out.
Pit Row
I really don't think someday I'll figure it out, I have absolutely no idea what the fuck you're talking about. Is it possible you're in the wrong thread or something? The link doesn't work, and what do you think is being deleted? When you say nobody wants to hear the truth, what are you referencing? What truth?
Maybe you are right.
All proposals have been greenlit in the extraordinary general assembly, PMG have issued 50% more shares to raise an extra 900M to get their restructuring plan on the road.
Banks are said to own 1.4 B in debt, comfortably over half of it, PMG need them, or at least some of them, for creditors owing the majority of the debt need to approve the plan if it is to go ahead. Some banks are currently bargaining to try to obtain more than the legal minimum of 30%.
https://m.gpone.com/en/2025/01/27/motogp/ktm-finally-exhales-capital-increase-for-pierer-mobility-approved.html
This is as much good news as we could expect for today meeting, shareholders voted the plan designed to save PMG from bankruptcy. Last and most important hurdle will be the final insolvency hearing on February 25th to see if creditors would approve it or would rather vote PMG into bankruptcy.
Edit: 99% approval of shareholders for "financial instruments"
https://www.pierermobility.com/en/newsroom/eqsfeed/2927291?type=corpora…
Who is buying those shares? Sounds rosie.
900,000,000/16,900,000 = 53.25/share This guys math is no better than Pierer's.
Sounds like good news so far 👍🏼
Doesn’t matter what anyone says, MX A Dick knows better and nobody else has figured it out
Sounds like they think they can get a better return by either selling or breaking the company up.
Who could blame them. They are supposed to approve 900Mil in new debt while taking a 70% haircut.
If it can be done profitably, I can setup production for the many of the parts.
Could someone quietly be working the backroom by pushing the non-acceptance of the statutory minimum 30% by offering a larger %
with payout immediately? Thus obtaining the assets at a more favorable value.
Looks like they are hiding the 2024 annual report's numbers. The report was due to be released today.
Post a reply to: KTM to file for Bankruptcy/ Self Restructuring on Friday