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Not that I know anything about the particulars of the Taylorcraft Factory's Status... but, think about the Writers Strike (actually a change in the Screenwriters Contracts) and a concept called Cul De' Sac-ing. Let's say you have a Movie Script... you option it to Producer A for $10K... producer A options it to Producer B for $25K and so on until the options grow and there's hundreds of thousand of $$$$$ piled on to 12 people for a Movie Script that will never be made... because it is too expensive and there are too many people to pay-off to get the rights. Effectively a producer (the 1st or second producer in line) can control the script -- while receiving more income -- than the original writer and never do anything but have la-dee-dah Hollywood meetings over cocktails.
What does this have to do with Taylorcraft? We may be at the same place. Only by Bankruptcy can one clear out, clean up, or resolve all the promises, liens, myraid competing relationships, etc. Bankruptcy courts settle those things for a living. The Taylorcraft Factory price then becomes not what is promised, not what is owed, but what it is worth. That's when investors will step in and buy. We may not be there right now... but we're close. Watch out for Cul De' Sac-kers!
Another idea is to build Taylorcraft DCO models (100Hp-LSA) for less than Legend built the LSA Cub and the Ranch Wagon for less than Maule builds its 180Hp model. Although I haven't run the numbers... it seems to me that starting (or restarting) these unincumbered models from scratch makes more (or some) sense than trying to sort out the Harry-made-messes. Forrest and I talked about this concept about a year ago. Forrest didn't like the idea much... if I recall the conversation correctly. It may not have had merit at that time. BUT, perhaps times have changed. Over the past few years there are more competitors in this LSA Classic category (Legend Cub -American-Champ) and economic times are tighter than in the previous few years. Ideas for those working on bids.
With regards;
ED OBRIEN
What does this have to do with Taylorcraft? We may be at the same place. Only by Bankruptcy can one clear out, clean up, or resolve all the promises, liens, myraid competing relationships, etc. Bankruptcy courts settle those things for a living. The Taylorcraft Factory price then becomes not what is promised, not what is owed, but what it is worth. That's when investors will step in and buy. We may not be there right now... but we're close. Watch out for Cul De' Sac-kers!
Another idea is to build Taylorcraft DCO models (100Hp-LSA) for less than Legend built the LSA Cub and the Ranch Wagon for less than Maule builds its 180Hp model. Although I haven't run the numbers... it seems to me that starting (or restarting) these unincumbered models from scratch makes more (or some) sense than trying to sort out the Harry-made-messes. Forrest and I talked about this concept about a year ago. Forrest didn't like the idea much... if I recall the conversation correctly. It may not have had merit at that time. BUT, perhaps times have changed. Over the past few years there are more competitors in this LSA Classic category (Legend Cub -American-Champ) and economic times are tighter than in the previous few years. Ideas for those working on bids.
With regards;
ED OBRIEN
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