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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>Well look on the bright side of that situation: they won’t need to pay a lot of tax. <span style='font-family:"Segoe UI Emoji",sans-serif'>😊</span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>John Pavlick<o:p></o:p></p><p class=MsoNormal>Cell: 203-417-4971<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><img width=90 height=39 style='width:.9375in;height:.4062in' id="Picture_x0020_1" src="cid:image001.png@01D38AF1.F3E35630" alt=idslogo2><o:p></o:p></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Impact",sans-serif'>Integrated Development Services</span><o:p></o:p></p><p class=MsoNormal><a name="_MailEndCompose"><o:p> </o:p></a></p><span style='mso-bookmark:_MailEndCompose'></span><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>From:</b> NSRCA-discussion [mailto:nsrca-discussion-bounces@lists.nsrca.org] <b>On Behalf Of </b>Michael Cohen via NSRCA-discussion<br><b>Sent:</b> Wednesday, January 10, 2018 8:25 PM<br><b>To:</b> General pattern discussion <nsrca-discussion@lists.nsrca.org><br><b>Subject:</b> Re: [NSRCA-discussion] Hobbico Chapter 11????<o:p></o:p></p></div></div><p class=MsoNormal><o:p> </o:p></p><div id=divtagdefaultwrapper><p><span style='font-size:12.0pt;color:black'>Their asset to debt ratio does not look good in some articles, especially if the assets trend to the lower numbers and debt to the higher ones....<o:p></o:p></span></p><p><span style='font-size:12.0pt;color:black'><o:p> </o:p></span></p><p><span style='font-size:12.0pt;color:black'>Mike C<o:p></o:p></span></p><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:12.0pt;color:black'><o:p> </o:p></span></p><div><div class=MsoNormal align=center style='text-align:center'><span style='font-size:12.0pt;color:black'><hr size=2 width="98%" align=center></span></div><div id=divRplyFwdMsg><p class=MsoNormal><b><span style='color:black'>From:</span></b><span style='color:black'> Matthew Finley <<a href="mailto:rcfin02@msn.com">rcfin02@msn.com</a>><br><b>Sent:</b> Wednesday, January 10, 2018 8:20 PM<br><b>To:</b> Michael Cohen; General pattern discussion; Ron Hansen<br><b>Subject:</b> Re: [NSRCA-discussion] Hobbico Chapter 11????</span><span style='font-size:12.0pt;color:black'> <o:p></o:p></span></p><div><p class=MsoNormal><span style='font-size:12.0pt;color:black'> <o:p></o:p></span></p></div></div><div><div><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-family:"Arial",sans-serif;color:black'>I just read on several places that they are " Restructuring "..... Time will tell I guess. <o:p></o:p></span></p></div><div><div><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:black'>Get <a href="https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Faka.ms%2Fghei36&data=02%7C01%7C%7C7dad0532a9854f25142608d5589192b4%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636512304605872290&sdata=z6LV1hNmtN%2FGKofAp1uK6tnqY%2Fwxz5x0MqHZxz%2FaYhE%3D&reserved=0">Outlook for Android</a><o:p></o:p></span></p></div><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:black'><o:p> </o:p></span></p></div><div class=MsoNormal align=center style='text-align:center'><span style='font-size:12.0pt;color:black'><hr size=2 width="98%" align=center></span></div><div id="x_divRplyFwdMsg"><p class=MsoNormal><b><span style='color:black'>From:</span></b><span style='color:black'> NSRCA-discussion <<a href="mailto:nsrca-discussion-bounces@lists.nsrca.org">nsrca-discussion-bounces@lists.nsrca.org</a>> on behalf of Ron Hansen via NSRCA-discussion <<a href="mailto:nsrca-discussion@lists.nsrca.org">nsrca-discussion@lists.nsrca.org</a>><br><b>Sent:</b> Wednesday, January 10, 2018 8:15:21 PM<br><b>To:</b> Michael Cohen; General pattern discussion<br><b>Subject:</b> Re: [NSRCA-discussion] Hobbico Chapter 11????</span><span style='font-size:12.0pt;color:black'> <o:p></o:p></span></p><div><p class=MsoNormal><span style='font-size:12.0pt;color:black'> <o:p></o:p></span></p></div></div><div><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:12.0pt;color:black'>F3A Unlimited will fill the void!!!<o:p></o:p></span></p><div id="x_AppleMailSignature"><p class=MsoNormal><span style='font-size:12.0pt;color:black'>Sent from my iPhone<o:p></o:p></span></p></div><div><p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:12.0pt;color:black'><br>On Jan 10, 2018, at 7:59 PM, Michael Cohen via NSRCA-discussion <<a href="mailto:nsrca-discussion@lists.nsrca.org">nsrca-discussion@lists.nsrca.org</a>> wrote:<o:p></o:p></span></p></div><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><div id="x_divtagdefaultwrapper"><p><span style='font-size:12.0pt;color:black'>So, just saw Hobbico is filing for Chapter 11 bankruptcy. Since they own Tower Hobbies and Great Planes AND are a distributor of many lines in the US, what does this mean? I still do buy some things that aren't pattern related and even though some is from the Local Hobby Shops, if distribution is gone, what happens then?<o:p></o:p></span></p><p><span style='font-size:12.0pt;color:black'><o:p> </o:p></span></p><p><span style='font-size:12.0pt;color:black'>Mike Cohen<o:p></o:p></span></p></div></div></blockquote><blockquote style='margin-top:5.0pt;margin-bottom:5.0pt'><div><p class=MsoNormal><span style='font-size:12.0pt;color:black'>_______________________________________________<br>NSRCA-discussion mailing list<br><a href="mailto:NSRCA-discussion@lists.nsrca.org">NSRCA-discussion@lists.nsrca.org</a><br><a href="https://nam01.safelinks.protection.outlook.com/?url=http%3A%2F%2Flists.nsrca.org%2Fmailman%2Flistinfo%2Fnsrca-discussion&data=02%7C01%7C%7C7dad0532a9854f25142608d5589192b4%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C636512304605872290&sdata=gQ465dTPVOcZksPW%2Filjl%2FiDIk0ysluX8y3IeKF8hrM%3D&reserved=0">http://lists.nsrca.org/mailman/listinfo/nsrca-discussion</a><o:p></o:p></span></p></div></blockquote></div></div></div></div></div><div id="DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2"><br />
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