GI sports files for bankruptcy

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  • MAr
    Administrator
    • Jul 2020
    • 504
    #1

    GI sports files for bankruptcy

    Click image for larger version Name: 54F1C3B6-945B-4442-AE69-B3ED1FDD6545.jpeg Views: 966 Size: 199.1 KB ID: 43919 Links to follow
    Tags: None
    • VonBraun63
      Playing > Collecting
      • Jul 2020
      • 223
      #2
      This would make sense of why I’ve seen a flood of new GI sports victus markers for sale.

        Comment

        • punkncat
          The piggy went to market
          • Jul 2020
          • 798
          #3
          This should cause some ripples.
          feedback

            Comment

            • JonM
              MCB Member
              • Jul 2020
              • 1327
              • Landisburg, PA
              #4
              It looks like the business will continue operations, but under new management.
              My Feedback Thread

                Comment

                • flyweightnate
                  MCB Member
                  • Jul 2020
                  • 1908
                  • Dallas, TX
                  #5
                  I feel like I've heard this story before...
                  Feedback
                  www.PhrameworkDesigns.com < Nelspot, Sterling, and Phantom parts, plus the occasional big project.

                    Comment

                    • Painthappy
                      Administrator
                      • Jul 2020
                      • 2637
                      • New Boston, NH
                      #6
                      Honestly surprised it hadn't happened sooner.
                      I am the admin...

                        Comment

                        • autococker04
                          MCB Member
                          • Jul 2020
                          • 1876
                          • Pittsburgh
                          #7
                          Be on the look out for Billy Gardner in one of these bad boys looking to make a purchase.
                          Attached Files
                          Feedback!
                          https://www.mcarterbrown.com/forum/b...ker04-feedback

                            Comment

                            • Chuck E Ducky
                              Ragnastock Enforcer
                              • Jul 2020
                              • 6306
                              • NY
                              #8
                              Sounds like a restructuring. I expect a “new brand name” by spring.

                                Comment

                                • Axel
                                  AI-Powered Mod Bot
                                  • Jul 2020
                                  • 2225
                                  • MCB Building Sub-Basement Level 2 Genetic Modification Lab
                                  #9
                                  I've totally lost track of who owns what and which path it all took. Paintball is becoming as incestuous as the automotive industry
                                  Originally posted by Phantom1313
                                  now you can loudly shout “I know things” and nobody can argue with you when you wildly wave your masters degree in front to them
                                  Dulce et decorum est pro comoedia mori

                                    Comment

                                    • Arthur
                                      ︻デ═一 *** ** *
                                      • Jul 2020
                                      • 666
                                      #10
                                      We were just talking about how ugly some of GI brands have become (e.g. latest Tippmann lineup, Dfender)

                                      GI went nuts with the lawsuits right? Basically the equivalent of shitting in your own back yard. Their paint here in the PNW was usually garbage too.

                                        Comment

                                        • ATBen
                                          #10.1
                                          ATBen commented
                                          10-30-2020, 09:49 AM
                                          Editing a comment
                                          It's probably from adding flour to their "patented" fill formula. 2 star and 3 star is garbage here in Southern Ontario too. Bounces like an Atlanta stripper.
                                          • Arthur
                                            #10.2
                                            Arthur commented
                                            10-30-2020, 10:47 AM
                                            Editing a comment
                                            Hahaha, I just let out a big gut laugh. Im recovering from knee surgery yesterday so it hurt, but well worth it - thank you. haha
                                          • Menso
                                            ᕕ( ᐛ )ᕗ
                                            • Jul 2020
                                            • 144
                                            • San Antonio, TX
                                            #11
                                            The court-appointed receiver, Fulcrum and an entity called Kore Outdoor Inc. are nearing a deal that would have Kore buy G.I. Sportz’s operations and keep the business alive.
                                            Click image for larger version Name: 5CF65647-F3D7-4869-8621-9DFFBC252E5D.jpeg Views: 755 Size: 345.5 KB ID: 44088
                                            Paintball Empire Goes Bankrupt With Plans to Sell Assets (1)
                                            https://news.bloomberglaw.com
                                            A court-appointed receiver plans to sell paintball equipment makers G.I. Sportz Inc. and Tippmann Sports after they defaulted on $29 million of debt.
                                            Feedback​

                                              Comment

                                              • Cunha
                                                Certified Post Whore
                                                • Jul 2020
                                                • 2118
                                                #12
                                                Sounds incredibly familiar. These guys gotta go to jail man.

                                                  Comment

                                                  • Rusty Brass
                                                    Mostly harmless
                                                    • Jul 2020
                                                    • 415
                                                    • Portland, Oregon
                                                    #13
                                                    Incorporated in Delaware at the end of August...
                                                    Suspicious, to say the least.

                                                      Comment

                                                      • SignOfZeta
                                                        Space Commie
                                                        • Jul 2020
                                                        • 930
                                                        • Ann Arbor
                                                        #14
                                                        Good.

                                                        $29M in debt...used to design offshore plastic Army guns that break.

                                                          Comment

                                                          • Raleighpaintball.com
                                                            MCB Member
                                                            • Jul 2020
                                                            • 35
                                                            • Raleigh NC
                                                            #15
                                                            I think we should get a donation pool together and form MCB corp LLC and buy them

                                                            huh according to this online report...paintball sports are an area to invest in...
                                                            https://weeklywall.com/research-pain...t-set-to-boom/

                                                              Comment

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