Smartparts Bankruptcy

[doc_Zox]

the main legal eagle was Bill Senior

Bill Sr. died this spring

William Marshall Gardner, 79, of Ligonier, died Saturday afternoon, May 1, 2010, at his home

PNC bank now owns the Intellectual property

http://assignments.uspto.gov/assignments/q?db=pat&reel=021006&frame=0524

[spantol]

And they owe the bank an additional $281,232 above and beyond the value of the patents:

http://www.timschaffer.net/sp-bankruptcy.pdf

So I guess that's where the bidding could start.

[cerrik]

Another thing with all the Ch 11: G.I.Milsim

Not that it'll take off or resurrect the company. But they could be restructuring for that mess. It takes time to retool the factories in China to mass produce .50 cal markers instead of .68 cal ones

[Pha|anx]

Another thing with all the Ch 11: G.I.Milsim

Did G.I. file C11 also?

[RehKal]

Another thing with all the Ch 11: G.I.Milsim

Not that it'll take off or resurrect the company. But they could be restructuring for that mess. It takes time to retool the factories in China to mass produce .50 cal markers instead of .68 cal ones

To be honest. I think GI Milsim is what did this to SP. To make up the cost of producing all the new markers, the advertising and everything else they'd have to sell a LOT of those markers. And quite frankly, seeing the reaction of the paintball community to the "50 cal revolution"...... I don't see it happening. Which means a lot of lost money in something that isn't going to take off.

[Doc Nickel]

And quite frankly, seeing the reaction of the paintball community to the "50 cal revolution"......

-Personally, I'm still kind of stunned they even tried it in the first place. I'm even more surprised that "Smart" Parts was itself surprised that a ballistically badly inferior round didn't take off.

I'm not surprised they used a lot of misapplied tech-speak and marketing gobbledeygook to try and sell it, but I am surprised they were surprised when their doublespeak couldn't cover up the round's glaring deficiencies.

It would be nice to see someone pick up the SP IP for a song- karma's a B-word considering that Sp themselves obtained the original e-gun patent by driving PneuVentures out of business and then buying up the IP for pennies on the dollar.

But be careful what you wish for. Those patents are still valuable, and some of the legal contracts around them are still binding. Having a big corporation pick them up won't necessarily be any better- and can easily be even worse- than SP's strongarm tactics.

Doc.

[luke]

-
It would be nice to see someone pick up the SP IP for a song- karma's a B-word considering that Sp themselves obtained the original e-gun patent by driving PneuVentures out of business and then buying up the IP for pennies on the dollar.

Doc.

And that should TK.

[ProblemKinder]

could this mean the return of the E-Mag...?

[mt84]

could this mean the return of the E-Mag...?

Hope so....

[BigEvil]

You can still buy emags brand new from Tuna. They never went away. Now, if you mean a potentially all new emag.... then

[KillerOfGiants]

Yeah, this is 2010, why would you want an oldschool e-mag? If TK did come back full time and completely modernized the EMag.... oh boy.

[going_home]

Yeah, this is 2010, why would you want an oldschool e-mag? If TK did come back full time and completely modernized the EMag.... oh boy.

Yeah who's going to send a cease and desist now anyways ?

But better yet let TK start selling new AGD pneumags instead !

[BigEvil]

But better yet let TK start selling new AGD pneumags instead !

You mean like this one?

[Beemer]

You mean like this one?
http://www.joshuasilverman.com/images/TKLL3esmall.jpg

Ya but he fixed it and made it better.

[going_home]

You mean like this one?
http://www.joshuasilverman.com/images/TKLL3esmall.jpg

Exactly.
All that needs is an Apex barrel on it.
Reach out and touch someone heheh.