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Only $10 for all 2026 SX, MX, and SMX series.
Which one of the two?
I'm fairly certain all loans have a Due on Demand Clause. Granted if insolvency precludes payment then the calling the loan is a dead end street.
Why the demand for a higher percentage? Pressure during the negotiations can have unique benefits perhaps.
The 70% gets forgiven and the lender writes it off and the borrow pays tax on the forgiven amount. (US Law)
During the 2008 Financial Mess, I closed my 20m Commercial Glass Business by liquidation that I processed as it was clear that the market was not coming back anytime soon and the best solution was to close it as there was no bank going to create a bridge load for a citizen. At the same time my bank called the loan and I had 60 days to pay the Line of Credit off.
I had a SBA loan on the property and I did An Offer in Compromise for the shortage caused by a poor RE Market.
When it was all said and done, I was in the poor house. No home (now a renter) and had a truck and a few dirt bikes.
It has taken well over 10 years to rebuild my finances. Now I’m a home owner, with a truck, car and some dirt bikes – Life is Good😊
I get way more attention than I am looking for. So no...
The truth has been rebuked since the beginning of time and that is not likely to be changed which is truly unfortunate.
The Shop
DeCal Works Huge Plastic Inventory of UFO and Polisport kits.
Luxon 4-Post Bar Mounts
$189.95 - $239.95
Do you think you made the right decision to close? glad to hear that you made a comeback.
I'm not saying that there isn't some truth that our financial system isn't working. And funny enough, I'm an holder in XRP for years as well. But if I want to talk about that I'd go to non-moto or share my thoughts in a reddit discussion
The amount of replies by you two in this topic - whom add absolutely no value to this particular discussion - makes it to a total of 55 pages. There are some really interesing responses and thoughts in here by other Vitalmx members that cannot get the recognistion because you're flooding it with trash.
Absolutely! Banking has become so oppressive to the small entrepreneur with added covenants and paperwork that I do not miss that part. Yes I so miss the freedom that having a good cash flow provides.
I also went through a nasty divorce at the same time that also ended well for me. That was the result of 100% honesty during the proceedings add letting it be as it is……
Yes life is good as after all this, I’m still the same guy I have always been.
Thanks for the appreciation😊
PS KTM will more than likely be restructured as a Profit Center for someone.
I beleive I read in the thread and elsewhere that PMG bought the foundry that does their swingarms and other parts just last Fall, and that it went into bankruptcy just a few weeks later. Layoffs have happened and it may be entirely closed now. That's a pretty significant supplier that's gone. Where will the forgings be made now? China? India? I seriously doubt quality will be the same if that's the case.
What a mess this is..
It’s just a swingarm what could go wrong 🤔🤪
I'm hoping with all of this FMF, Akrapovic and Acerbis are able to sell NEW parts online. Pierer made it so these things are ONLY available through their dealers and threatened legal action to anyone selling this stuff online.
Also, where does one find such an auction
Suppose the following is true (it's not, but you seem to be asserting it): "If you're telling the truth, you will be rebuked".
From the above, you can not validly infer: "I am being rebuked, therefore I'm telling the truth". That would be the fallacy of affirming the consequent.
Is it possible that the "rebukes" are for other reasons? Not everyone who's persecuted is right.
I would agree that I could have chisen a better word😇🙃
Never the less I rather doubt that the intention was lost....
The fact that you knew he was referring to you is telling. You know you’re being a jagoff here (because somebody once said something bad about your Kawasaki) and you have no shame about that fact.
A, either they defaulted on a loan or paying late. Or B, the Banks looked at the debt and liquidity and made the call for KTM to pay up. The fine print in most loans and lines of credit give the lender the option to call the loan at anytime.
They're in a hole, Harry
So now what?
Pit Row
We wait until the final vote on February 25th...
Can someone give me a quick rundown of what was discussed over the last 55 pages?
We wait another month
KTM's parent company Pierer Mobility is in trouble, they spent too much money, have a years worth of bikes in stock, creditors want their money, management wants to keep trading, they are negotiating, it will be decided on 25th February.
Thanks
Since this thread is already fucked… My favorite mxaddic Idiocracy is when he argued with the guy with a cracked kx frame and having his foot peg mounts installed incorrectly. When A it wouldn’t even be possible and B the picture evidence clearly showed they were mounted correctly.
If I may add, debt multiplied by 3 in 2023 and again by 3 in 2024, ballooning from 200M to more than 2B in the past couple of years.
1800 workers have lost their job.
The 2 options in the insolvency process PMG have entered are either a restructuring plan (repaying a set quota in 2 years, minimum is 30%) or bankruptcy (for which it was said in court creditors would get 14%).
KTM got investors onboard in the aim to inject 900M to get the restructuring plan going.
Creditors will vote on February 25th, outcome will depend on what creditors owning the majority of the debt decide (collectively banks hold more than 50% of the debt).
And PMG is still racing
You are a clueless idiot. LMFAO, YEAH I have a hard on for KTM because a vitard said my Kawi is a POS, LOL.
Plenty of reasons for me not to like KTM. That ain't one buddy.
Actually it's clowns like both of you ruining the thread. If you can't see the peg was improperly mounted in the top 2 holes you both make the top 10 dumbest fucKers on this site.
.
Can we talk about the ballooning debt the past few years?
seems hard to believe buying some low level bicycle co and overproduction made much of a dent here. Is this simply the compounding effect of higher %, MXGP, etc…?
That's the main thing to me, I would like to understand how much of that crazy surge in debt is due to variable interests and stuff like that.
When you gain almost 2B debt in 2 years, 0.046B a year to race MotoGP is a rounding error, even with MXGP, SMX, Dakar and everything, total racing costs were 0.095B in 2023.
Post a reply to: KTM to file for Bankruptcy/ Self Restructuring on Friday