...sure would be nice to know why they didn't last too long. Seems like something bad happened based on this.
I think they simply tried to live beyond their means, you know, like a rap guy/rock band that has one hit song, runs out and buys a ferrarri and is bankrupt in a year.
Couple that with maybe some less than ethical business practices, whether it be an inordinate amount of warranty work claims, promises to pay to vendors, embezzling of money, whatever and you have a recipe for failure.
I have no proof of any of this by the way, for you lawyers out there. I'm making an educated guess based on things I've read in the past.
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Drinking Fountains are shorter than they used to be.
Living in the area, I've heard and experienced some "things" with Sect8 and the owners both good and bad, (lots of rumors-most believed to be fact) but it would be nice to know the details of the lawsuit. When does that information become avail. to Joe Public?
Any time a company like S8 files for bankruptcy it is standard procedure for creditors to file for loses. And that is all this is nothing more standard operating procedure.
"Exercise restraint and discipline, only responding to posts from legit customers and those with constructive positive intent, you will find that the handgrenades explode harmlessly. You have many satisfied customers who are happy to have the parts you've made. My suggestion to you is keep making good parts, keep getting more customers, take care of them and let them speak for you."
A bunch of interesting conjecture, all of which is reasonable, but none of which is actually on the mark. Hint...notice who is being sued (and who is not)...that should provide a clue...
A bunch of interesting conjecture, all of which is reasonable, but none of which is actually on the mark. Hint...notice who is being sued (and who is not)...that should provide a clue...
What are you talking about? JE left S8 in August. S8 is BK he didn't close till December. Creditors are suing both of them would you expect less?
I didn't go to business school but a general assumption would be that if a sect 8 went out of business, then sect 8 is held liable for money owed to DNA, so then why would Etter (personally) be part of the lawsuit?
What are you talking about? JE left S8 in August. S8 is BK he didn't close till December. Creditors are suing both of them would you expect less?
What am I talking about? JE left near the end of August, Section 8 was closed near the end of October; basically two months spent trying to continue business and steady the ship after JE's sudden, "unorthodox" departure. As far as creditors suing, Once again, notice who is being sued-specifically named- in this Federal lawsuit and who is not. Apparently one principal is being sued while oddly, the other is not specifically named. I wonder why that is?
in this situation i would be more apt to believe 993twin than anyone else on this list, lets just say he has first hand knowledge of the situation that no one else has.
What am I talking about? JE left near the end of August, Section 8 was closed near the end of October; basically two months spent trying to continue business and steady the ship after JE's sudden, "unorthodox" departure. As far as creditors suing, Once again, notice who is being sued-specifically named- in this Federal lawsuit and who is not. Apparently one principal is being sued while oddly, the other is not specifically named. I wonder why that is?
Because your the principal on the company Bill... so in naming the company... you are named.
"Exercise restraint and discipline, only responding to posts from legit customers and those with constructive positive intent, you will find that the handgrenades explode harmlessly. You have many satisfied customers who are happy to have the parts you've made. My suggestion to you is keep making good parts, keep getting more customers, take care of them and let them speak for you."
Section 8 still in trouble
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