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RCAddict

Well-Known Member
Local time
3:49 PM
Joined
Dec 14, 2011
Messages
69
Reaction score
6
Location
KC MO
First he needed $400k to get restarted now $500k & $800K if you want to pay for a design that his company should already own



"Greetings!



To everyone affected by the closing of Keisler Engineering Inc .... I am very very sorry for this event. It has impacted many people - customers, vendors, families and employees. And my wife and kids have also been affected as we lost our home, farm and savings and other personal assets. These are tough times, but I am now working very hard to assemble a group of investors to purchase the KE Inc assets (Inventory, Equipment, Tooling, Designs, Trademarks, Phone Numbers, Website, more) from the Bankruptcy Court and start a new company. I need to raise approximately $500,000 to start the brand new company that will allow me to FILL ALL OPEN SALES ORDERS of KE. IF we can raise $800,000 in total, we can move the market forward with the build of the newly designed Super Sport 6-speed that Chief Engineer Dick McCord and I recently completed in 2013. PLEASE HELP ME BRING THE AMERICAN INNOVATION OF KEISLER ENGINEERING INC BACK TO THE MARKET by referring potential investors to me here: [email protected]



NOTE FEB 4 2014 : THE EMAIL ANNOUCEMENT BELOW WAS SENT JANUARY 23. I AM RESENDING IT AGAIN BECAUSE SOME CUSTOMERS WERE NOT ON THE MAILING LIST. ALSO, I HAVE ADDED A SECTION ABOUT THE DRIVESHAFTS FOR THOSE NEEDING THEIR DRIVESHAFT.
 
Interesting.... I like how he even refers to it as KE Inc.... I'm not saying anything everyone doesn't already know here but being Incorporated separates his personal assets (home, farm, savings and personal assets) from the company.... If he did indeed lose all these things it means he's over leveraged himself personally much further than would be salvageable for this company (IMO)

I agree RCAddict I wouldn't put a dime into this company nor recommend investors there... not to mention if the value is there an interested party will surely buy it from the Bankruptcy holdings at a substantial loss and good value for the purchaser.

I don't like the looks of this at all...
 
He must be a real dumbass if he lost his home too....and no MBA?
 
Interesting.... I like how he even refers to it as KE Inc.... I'm not saying anything everyone doesn't already know here but being Incorporated separates his personal assets (home, farm, savings and personal assets) from the company.... If he did indeed lose all these things it means he's over leveraged himself personally much further than would be salvageable for this company (IMO)

I agree RCAddict I wouldn't put a dime into this company nor recommend investors there... not to mention if the value is there an interested party will surely buy it from the Bankruptcy holdings at a substantial loss and good value for the purchaser.

I don't like the looks of this at all...


Well, that depends. If you buy the home and other assets in the company name, they are all vulnerable when the business goes belly up.
 
He put his home,livestock everything up when he bought Muncie transmission & was included when he filed chapter 7

His original plea for investors stated the company profits were projected $1 million & growing

If you're doing $1 million & growing how does this happen?
 
bankruptcy

I think everyone here has a short memory or is to young to know. this is the second time he has done this. apparently 10 years have passed, because you can only declare bankruptcy every 10 years. it is in Tennessee records you just have to dig a little.
pt in tennessee
 
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