<div dir="ltr"> Huge overhead is tough to overcome.<div> One issue is who will supply them going forward? Suppliers need to get paid.</div><div> FWIW they are not the only company feeling the pain.</div><div><a href="http://www.news-gazette.com/news/local/2018-01-10/hobbico-files-bankruptcy-layoffs-next.html">http://www.news-gazette.com/news/local/2018-01-10/hobbico-files-bankruptcy-layoffs-next.html</a><br></div><div> This article paints a grim picture.</div><div> Mike Mueller</div></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><blockquote type="cite" style="font-size:12.8px"><div><blockquote style="margin-top:5pt;margin-bottom:5pt"><p>President of <a href="http://f3aunlimited.com/" style="color:rgb(17,85,204)" target="_blank">F3AUnlimited.com</a>, <a href="http://gator-rc.com/" style="color:rgb(17,85,204)" target="_blank">Gator-RC.com</a>, and Caiman Distribution LLC.,<u></u><u></u></p><p>Exclusive North American Distributor for TopRCModel, BJ Craft, CA Model, and the new An Hui Yang F3A (Formally Oxai) Model Airplanes.<u></u><u></u></p><p>Check out our all new Gator Power Pack brand of Lipo batteries.<u></u><u></u></p><p>Exclusive sales agent for the Brenner Sharp Contra Rotating Propeller units.<u></u><u></u></p><p> <u></u><u></u></p><p><a href="http://f3aunlimited.com/" style="color:rgb(17,85,204)" target="_blank">F3AUnlimited.com</a><u></u><u></u></p><p> <a href="tel:(800)%20591-2875" value="+18005912875" style="color:rgb(17,85,204)" target="_blank">800 591 2875</a><u></u><u></u></p><p><a href="http://gator-rc.com/" style="color:rgb(17,85,204)" target="_blank">Gator-RC.com</a><u></u><u></u></p><p> <a href="tel:(800)%20380-9373" value="+18003809373" style="color:rgb(17,85,204)" target="_blank">800 380 9373</a><u></u><u></u></p><p><a href="http://caimandist.com/" style="color:rgb(17,85,204)" target="_blank">Caimandist.com</a><u></u><u></u></p><p> <a href="tel:(800)%20803-3658" value="+18008033658" style="color:rgb(17,85,204)" target="_blank">800 803 3658</a></p><p>TopRCModel-USA.com</p></blockquote></div></blockquote></div></div></div></div></div></div></div>
<br><div class="gmail_quote">On Wed, Jan 10, 2018 at 7:41 PM, Jon Bruml via NSRCA-discussion <span dir="ltr"><<a href="mailto:nsrca-discussion@lists.nsrca.org" target="_blank">nsrca-discussion@lists.nsrca.org</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div>
<div id="m_-8271537757474695189compose-container" style="direction:ltr">
<span><span></span></span>
<div>
<div style="direction:ltr">That assumes new and intelligent management</div>
<div style="direction:ltr">Bankruptcy makes them a debtor in possession (dip)</div>
<div style="direction:ltr">The courts will appoint a manager of the DIP and then post petition financing will be arranged and they will become immediatlely an operational company</div>
<div style="direction:ltr">From that point they will creat a plan to emerge from bankruptcy at the expense of their creditors and suppliers</div>
<div style="direction:ltr">If they cannot emerge then the company will be liquidated</div>
<div><br>
</div>
<div class="m_-8271537757474695189acompli_signature">
<div style="direction:ltr">Jon Bruml</div>
<div style="direction:ltr">Techstyles </div>
<div style="direction:ltr"><a href="http://Www.Techstyles.com" target="_blank">Www.Techstyles.com</a></div>
</div>
</div>
</div>
<hr style="display:inline-block;width:98%">
<div id="m_-8271537757474695189divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" color="#000000" style="font-size:11pt"><b>From:</b> NSRCA-discussion <<a href="mailto:nsrca-discussion-bounces@lists.nsrca.org" target="_blank">nsrca-discussion-bounces@<wbr>lists.nsrca.org</a>> on behalf of DaveL322 via NSRCA-discussion <<a href="mailto:nsrca-discussion@lists.nsrca.org" target="_blank">nsrca-discussion@lists.nsrca.<wbr>org</a>><br>
<b>Sent:</b> Wednesday, January 10, 2018 5:33:17 PM<br>
<b>To:</b> Michael Cohen; General pattern discussion<br>
<b>Subject:</b> Re: [NSRCA-discussion] Hobbico Chapter 11????</font>
<div> </div>
</div>
<div>
<div><font face="sans-serif">The short of it.... Chap 11 is restructuring, not liquidation and out of business. So the most likely scenario (short term at least) is profitable proprietary / exclusive product lines will continue and less profitable ones will
go away. </font></div>
<div><br>
</div>
<div id="m_-8271537757474695189composer_signature">
<div style="font-size:85%;color:#575757">Regards,</div>
<div style="font-size:85%;color:#575757"><br>
</div>
<div style="font-size:85%;color:#575757">Dave</div>
<div style="font-size:85%;color:#575757"><br>
</div>
<div style="font-size:85%;color:#575757">Sent from my Sprint Samsung Galaxy Note5.</div>
</div>
<div><br>
</div>
<div style="font-size:100%;color:#000000">
<div>-------- Original message --------</div>
<div>From: Michael Cohen via NSRCA-discussion <<a href="mailto:nsrca-discussion@lists.nsrca.org" target="_blank">nsrca-discussion@lists.nsrca.<wbr>org</a>> </div>
<div>Date: 1/10/18 7:59 PM (GMT-05:00) </div>
<div>To: NSRCA <<a href="mailto:nsrca-discussion@lists.nsrca.org" target="_blank">nsrca-discussion@lists.nsrca.<wbr>org</a>> </div>
<div>Subject: [NSRCA-discussion] Hobbico Chapter 11???? </div>
<div><br>
</div>
</div>
<div id="m_-8271537757474695189divtagdefaultwrapper" dir="ltr" style="font-size:12pt;color:#000000;font-family:Calibri,Helvetica,sans-serif">
<p style="margin-top:0;margin-bottom:0">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?</p>
<p style="margin-top:0;margin-bottom:0"><br>
</p>
<p style="margin-top:0;margin-bottom:0">Mike Cohen</p>
</div>
</div>
</div>
<br>______________________________<wbr>_________________<br>
NSRCA-discussion mailing list<br>
<a href="mailto:NSRCA-discussion@lists.nsrca.org">NSRCA-discussion@lists.nsrca.<wbr>org</a><br>
<a href="http://lists.nsrca.org/mailman/listinfo/nsrca-discussion" rel="noreferrer" target="_blank">http://lists.nsrca.org/<wbr>mailman/listinfo/nsrca-<wbr>discussion</a><br></blockquote></div><br></div>