Aquacraft (Hobbico) Files for Bankrupcy

[Steven Vaccaro]

They let the brain behind AQ walk away.

Ya, but he wasn't the only one in the world that could build them a boat.

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[T.S.Davis]

True but few with his level of talent. Could easily have been a $ decision to let it happen.

My point was that they don't have a guy to do the R&D anymore. Not sure if they ever hired a replacement. That could have been a $ decision too. Product development certainly screached to a halt.

[Steven Vaccaro]

True but few with his level of talent. Could easily have been a $ decision to let it happen.

My point was that they don't have a guy to do the R&D anymore. Not sure if they ever hired a replacement. That could have been a $ decision too. Product development certainly screached to a halt.

Sad to see the company that started the brushless rtr boat revolution die.

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[Doby]

So my SV-27 just became a collectors item.

[Rumpelhardt]

From what little I've seen on the subject It would appear Hobbico is not dead quite yet. In Hospice and on the brink maybe but they still have a detectable pulse.

[T.S.Davis]

Maybe just a restructure?

That AQ gig would be tuff. They wanted Mike to stay local so you would have to have skills and be willing to relocate. Big sell.

[Steven Vaccaro]

They are 100-500 million in debt, it looks like a bunch of vendors they own money to will get screwed and then they will be sold or come back with less dept. Its a great system. :-(

[T.S.Davis]

Ah got it. Make some bad decisions and then pass that carnage on through to others.

Steven, I could use a 100 million worth of boat crap. I'll be placing the order later today. You'll take a check right? I'm good for it.

[Ken Haines]

They are 100-500 million in debt, it looks like a bunch of vendors they own money to will get screwed and then they will be sold or come back with less dept. Its a great system. :-(

I agree.....always thought the bankruptcy loophole must be unfair
to those that are owed. Actually got a small taste of that from a
manufactured home dealer years ago. Lost a small deposit on a unit.

That being said, hard to hold back.....
Apparently in some cases it is OK.
Sorry, but I really struggle with the irony

[Ken Haines]

On a more positive note.....
since the end of the summer many races
especially Fast Electric have been full or
completely sold out. Just look on RcRacingEvents
or on Racemastersevents and see the pending races.

Not sure what this upsurge can be attributed too,
but certainly FE was boosted years ago by the
efforts of Mike Zaborowski, Russ Williamson and
the rest of the gang at Aquacraft / Hobbico.
Thanks for your all past years of efforts to our sport.

[Steven Vaccaro]

Ah got it. Make some bad decisions and then pass that carnage on through to others.

Steven, I could use a 100 million worth of boat crap. I'll be placing the order later today. You'll take a check right? I'm good for it.

GM got the best deal ever! Screw over all the vendors, the stockholders share value became worthless, then after all that they had another stock sell as if they were a brand new company. The IPO raised a cool 20 billion. NICE! https://finance.yahoo.com/news/timel...154651946.html

[Ken Haines]

GM got the best deal ever! Screw over all the vendors, the stockholders share value became worthless, then after all that they had another stock sell as if they were a brand new company. The IPO raised a cool 20 billion. NICE! https://finance.yahoo.com/news/timel...154651946.html

Pretty sure you know I was referring to that
4 times bankruptcy guy....certainly many
people / lenders got screwed.

The bankruptcy loophole does seem oddly wrong....
but hopefully it is able to save Hobbico from forever
closing the doors.

[CraigP]

They are 100-500 million in debt, it looks like a bunch of vendors they own money to will get screwed and then they will be sold or come back with less dept. Its a great system. :-(

That’s a big number on a shrinking market. One can only imagine how they spent that much money...

[Steven Vaccaro]

Pretty sure you know I was referring to that
4 times bankruptcy guy....certainly many
people / lenders got screwed.

The bankruptcy loophole does seem oddly wrong....
but hopefully it is able to save Hobbico from forever
closing the doors.

Im trying to keep "that guy" out of it. He's very toxic. Its much easier to pick on GM. :-)

[Ken Haines]

Im trying to keep "that guy" out of it. He's very toxic. Its much easier to pick on GM. :-)

Lol....good idea

Btw, what are your race schedule plans for this year ?

There are already 174 boats entered for the MMEU IMPBA FE Nationals in June.
Looks like a very well FE attended Spring Nat's at Doug's club in Atlanta too.
Too late to enter the Winter Nat's (sold Out)
and also the SOWEGA race in Tifton (sold Out)

We would enjoy seeing you and the boys somewhere this year !