gasgas249uk Posted May 20, 2015 Report Share Posted May 20, 2015 Adam will continue to ride GG. Quote Link to comment Share on other sites More sharing options...
telecat Posted May 20, 2015 Report Share Posted May 20, 2015 Usual Situation is that The company is put into receivership to divest it of Debt. The assets will be sold off to recover as much money as possible for the creditors. As the major one is usually the Government, they receivers will no doubt rush to make as little as possible because they know nothing about the industry and the Buyer will be a "new" company that can start production up again without debts. Usually that's one or more of the people that were trying to save the company. In this case the backers who are putting money up for Raga etc to run around the world. 1 Quote Link to comment Share on other sites More sharing options...
timp Posted May 20, 2015 Report Share Posted May 20, 2015 Don't panic. This news is just a step in the right direction. Gas Gas without its debt will be a very saleable item. 5 Quote Link to comment Share on other sites More sharing options...
huski Posted May 20, 2015 Report Share Posted May 20, 2015 Wonder what the new guys will have to do differently to avoid creating debts like we see now .Cant see the banks being too keen this time round so they will have to put their own in ,likely to make them more focussed .Good luck to them,hope they can make it work Quote Link to comment Share on other sites More sharing options...
crazybond700 Posted May 22, 2015 Report Share Posted May 22, 2015 Don't panic. This news is just a step in the right direction. Gas Gas without its debt will be a very saleable item. I think yeah, that this is actually the only way gg could be saved, and investors did not want to enter ''the ship'' without filling this banktruptcy. Which does not mean the brand will be gone. See it as a sort of restart. Quote Link to comment Share on other sites More sharing options...
crazybond700 Posted May 22, 2015 Report Share Posted May 22, 2015 Wonder what the new guys will have to do differently to avoid creating debts like we see now .Cant see the banks being too keen this time round so they will have to put their own in ,likely to make them more focussed .Good luck to them,hope they can make it work So that would actually be good. Hope the keep part of the passion and spanish temper, but good financial management. Probably a down scalling will be good, and no out steps like quads, dakar bikes (even though there are really nice (to look at)). Focus on what is good and proceed positive. I think the company made a statement, if i understand well, they will be selling and providing the spareparts, and support the sport teams. I am still believing 1 Quote Link to comment Share on other sites More sharing options...
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