There's a provision in insolvency law that specifically prohibits transactions like that if a fair price isn't paid for the asset (in this case Evolution Boats). If he didn't pay the market price for the company the liquidator will be all over him like a rash.Bugatti wrote: ↑Mon Jun 17, 2019 12:40 am
Extract from marinebusiness.com
Victorian boat builder bought out of liquidation by previous owners.
Victorian boat builder Evolution Boats says it is “business as usual” after its parent company, PM Marine Manufacturing, was put into liquidation last week.
Owner Paul Junginger told Marine Business that prior to PM Marine Manufacturing, of which he was the main shareholder, being put into liquidation, Evolution Boats was sold to a new company, PM Composites, also under his control, which was registered with the Australian Securities & Investments Commission just two weeks earlier.
As a result, Junginger said Evolution Boats is now back in business under the new ownership at the same premises and with the same staff.
Is this for real , , , , well it is , , , , but , , , , what a
So let me get this straight , , , ,
Paul Junginger , , , , owned "Evolution Boats"
then
"PM Marine Manufacturing", which Paul Junginger effectively owns, buys "Evolution Boats" (which he owned anyway ????)
then
"PM Marine Manufacturing" goes into liquidation, which is the company that Paul effectively owns
BUT BUT
two weeks before "PM Marine Manufacturing" goes into liquidation, which is effectively Paul going bust
"PM Composites", who effectively is owned by Paul Junginger (with surprisingly similar "PM" names) buys "Evolution Boats" , , , , again, after buying it again and going bust
So , , , , a Company (Evolution Boats) that Paul owns, is then bought by Paul (himself) which then (Paul effectively) goes into liquidation and then "Evolution Boats" is bought by Paul (himself) again , , , , after going bust ????
AND they have the guts to say , , , , Evolution Boats is now back in business under the NEW OWNERSHIP , , , , and surprise surprise , , , , they also say , , , , at the same premises and with the same staff
I wonder how the unpaid creditors feel about all of that
Well Boats do catch fish , , , , so that may explain the Fishy Business
2019 Melbourne Boat Show
- 4liters
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Re: 2019 Melbourne Boat Show
2015/16 Fisting Victoria Species comp total: 289cm
Brown Trout: 37cm
Flathead: 51cm; Squid: 36cm; Australian Salmon: 51cm; Snapper 46cm; Silver Trevally 23cm; KGW: 45cm
Major Sponsor: Rim Master Tackle
Brown Trout: 37cm
Flathead: 51cm; Squid: 36cm; Australian Salmon: 51cm; Snapper 46cm; Silver Trevally 23cm; KGW: 45cm
Major Sponsor: Rim Master Tackle
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Re: 2019 Melbourne Boat Show
Nope. Just tidbits learnt off others. Erick builds Whitepointer boats. The 263L is the old John Haines designed 243L extended with a few other tweaks and built like a brick shizenhousen. Erick also started Edencraft at Eden before selling that toorb85 wrote: ↑Thu Jun 20, 2019 4:34 pmCobby I know the manufacturers and their models to some extent not the builders. Do you have experience in the boat building industry?cobby wrote: ↑Thu Jun 20, 2019 9:50 amThey're nice boats, very well finished and bee humble is well decked out. But for me with $200k and a choice of seeing the Savage's at Streaker or elsewhere, the car would be full of fuel and I'd be driving to Cann River and getting Erick Hyland to build me a 263Lrb85 wrote: ↑Wed Jun 19, 2019 7:08 pmhttps://www.boatsonline.com.au/boats-fo ... -ht/228341
https://www.boatsales.com.au/boats/deta ... 6082/?Cr=0
https://www.boatsales.com.au/boats/deta ... 6295/?Cr=1
https://www.boatsales.com.au/boats/deta ... 0804/?Cr=2
https://www.boatsales.com.au/boats/deta ... 0400/?Cr=3
Bee Humble the first on boatsales is an insane setup the others below need a side dive door I believe not essential but would help for game angling even though I believe be humbles should be on the skippers size. If you can sleep in the cab these are looking good.
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Re: 2019 Melbourne Boat Show
The 263L looks like a very solid boat.cobby wrote: ↑Thu Jun 20, 2019 7:50 pmNope. Just tidbits learnt off others. Erick builds Whitepointer boats. The 263L is the old John Haines designed 243L extended with a few other tweaks and built like a brick shizenhousen. Erick also started Edencraft at Eden before selling that toorb85 wrote: ↑Thu Jun 20, 2019 4:34 pmCobby I know the manufacturers and their models to some extent not the builders. Do you have experience in the boat building industry?cobby wrote: ↑Thu Jun 20, 2019 9:50 amThey're nice boats, very well finished and bee humble is well decked out. But for me with $200k and a choice of seeing the Savage's at Streaker or elsewhere, the car would be full of fuel and I'd be driving to Cann River and getting Erick Hyland to build me a 263Lrb85 wrote: ↑Wed Jun 19, 2019 7:08 pmhttps://www.boatsonline.com.au/boats-fo ... -ht/228341
https://www.boatsales.com.au/boats/deta ... 6082/?Cr=0
https://www.boatsales.com.au/boats/deta ... 6295/?Cr=1
https://www.boatsales.com.au/boats/deta ... 0804/?Cr=2
https://www.boatsales.com.au/boats/deta ... 0400/?Cr=3
Bee Humble the first on boatsales is an insane setup the others below need a side dive door I believe not essential but would help for game angling even though I believe be humbles should be on the skippers size. If you can sleep in the cab these are looking good.
Re: 2019 Melbourne Boat Show
Hey, look at that , , , , Erick builds Planes too
Cheers, Bugatti , , , , I'd like to see Erick make a Car
- yepi'mon
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Re: 2019 Melbourne Boat Show
I think they are solid, well built and well layed out boats. New haines hunters have very thin sides as well to help lower the CG. They have an extra piece of foam in the laminate that makes them sound different but ultimately they are still thin.
In years passed they were also called Cruise Crafts were known as bruise crafts.
The new hulls still appear to be very very similar if not the same as the older models yet if you read todays mags they claim they all ride well.
One of the big things I noticed was how salesmen were pushing stability as a sales point when years ago it was all about the soft ride.
Interesting how times have changed.
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Re: 2019 Melbourne Boat Show
But seriously it looks cool but who drives like that with 4 guys in the back and full of gear lol