Smartparts Bankruptcy

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  • doc_Zox
    Team Dead by Dawn
    • Jun 2003
    • 723

    #16
    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

    Comment

    • spantol
      Turgid Member
      • Sep 2002
      • 1024

      #17
      And they owe the bank an additional $281,232 above and beyond the value of the patents:



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

      Loaded 2004 BKO For Sale

      Comment

      • cerrik
        Registered User
        • Sep 2007
        • 109

        #18
        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

        Comment

        • Pha|anx
          PB United / Euro Freelance
          • May 2005
          • 1073

          #19
          Originally posted by cerrik
          Another thing with all the Ch 11: G.I.Milsim
          Did G.I. file C11 also?

          Comment

          • RehKal
            Registered User
            • Jul 2007
            • 266

            #20
            Originally posted by 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

            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.

            Comment

            • Doc Nickel
              Unrepentant Gadget freak

              • Jul 2001
              • 499

              #21
              Originally posted by RehKal
              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.

              Comment

              • luke
                lukescustoms.com

                • Jan 2001
                • 8215

                #22
                Originally posted by Doc Nickel
                -
                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.

                Comment

                • ProblemKinder
                  Colossians 3:8
                  • Aug 2006
                  • 861

                  #23
                  could this mean the return of the E-Mag...?

                  Comment

                  • mt84
                    Darn missed TN 3
                    • Jan 2006
                    • 130

                    #24
                    Originally posted by ProblemKinder
                    could this mean the return of the E-Mag...?
                    Hope so....

                    Comment

                    • BigEvil
                      www.BigEvilOnline.com

                      • Feb 2005
                      • 9333

                      #25
                      You can still buy emags brand new from Tuna. They never went away. Now, if you mean a potentially all new emag.... then

                      Comment

                      • KillerOfGiants
                        Mags for Life
                        • Jul 2004
                        • 291

                        #26
                        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.

                        Comment

                        • going_home
                          Hebrews 13:8

                          • Dec 2004
                          • 8343

                          #27
                          Originally posted by 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.
                          Yeah who's going to send a cease and desist now anyways ?

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

                          Comment

                          • BigEvil
                            www.BigEvilOnline.com

                            • Feb 2005
                            • 9333

                            #28
                            Originally posted by going_home

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

                            You mean like this one?

                            Comment

                            • Beemer
                              I could tell you but then.

                              • Oct 2003
                              • 3250

                              #29
                              Originally posted by BigEvil
                              Ya but he fixed it and made it better.

                              Comment

                              • going_home
                                Hebrews 13:8

                                • Dec 2004
                                • 8343

                                #30
                                Originally posted by BigEvil
                                Exactly.
                                All that needs is an Apex barrel on it.
                                Reach out and touch someone heheh.


                                Last edited by Beemer; 06-22-2010, 08:19 PM. Reason: remove img tags repeat pic

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