Valken files for bankruptcy protection

[JonM]

https://www.instagram.com/p/DLYvHyfJ...owdWM4dGF6aXo4

[Insixdays777]

Hope they can get their act together. I have always loved their paint.

[Heavy_D]

Ouch... Damn our field just switched to Valken paint this season, I was liking it alot more than WPN....

[The Jayster]

The paintball industry ain't what it used to be...

[Drcemento]

Ouch thats rough. without graffiti... the world looks pretty grim. hopefully just the usual corporate shenanigans to screw over everyone they owe money to.

[TF_Aloha]

Chapter 11, it's a re-org, the inconsistent paint will still flow.

[iamthelazerviking]

Graffiti used to be good but several people have complained recently of it being way too brittle and breaking in every marker they tried, them switching paint and having no problems.

Last Graffiti I used was tiny, like everything else , but decently round. But the opposite of brittle and bouncing off everything.

[RhoXi]

I was one of those people. It was Graffiti Platinum and it broke in everything except my Phantom.

[nerdcore]

Valken still run by Gino? I'm shocked they haven't fallen prey to a private equity firm. Or maybe they will if this restructure falls through.

Never tried their paint. Feels like i missed out on its glory days. Been only playing FPO fields for over 10 yrs, and they all carried GI. But i do miss Valken's introduction gear, like the Redemption pod pack - that thing rivaled og NXe packs. Wish i kept mine. Still have the tank cover in the same color/pattern.

[Bow]

Og clear and green shell yellow fill Redemption from Taiwan was the best paint I ever used. When we carried it I would always know it was good shit. It smelled sweet, and wasnt actully that bad tasting. Then we switched to GI and HK, and it always seemed inconsistent and smelled funny. Hk is always greasy.

[fullofpaint]

Ya, Redemption was IMO the most consistently good paint from batch to batch for a long stretch. Only topped by the legendary Dye CG.

[Arthur]

Jesus

[Ecapnation]

They will just simply come back under a different name

[Impactfour]

My dads a business lawyer and specializes in corporate bankruptcy stuff. I don't understand much but I'm pretty damn sure this is some classic chapter 11 debt shuffling bs. I could be mistaken, and I'll get his opinion, but I'd bet that they'll be back and are just ducking debts.

[martix_agent]

My dads a business lawyer and specializes in corporate bankruptcy stuff. I don't understand much but I'm pretty damn sure this is some classic chapter 11 debt shuffling bs. I could be mistaken, and I'll get his opinion, but I'd bet that they'll be back and are just ducking debts.

How does this actually work? Can anyone explain it?
If they're ditching debt, who gets stuck with that debt not being paid? Why doesn't the company owner get stuck with it?

[the_matrix_guy]

Chapter 11 basically they wil take possession of Valken corporate assets to pay off his lenders as much as possible but if 1) the company has little to no assets then the lenders have to eat it, pretty much.

Business failure isn't illegal. And the system still benefits, otherwise people would be too risk averse to attempt business ventures. And the banks still make a ton of profit from lending even with bankruptcies. (Business and personal bankruptcies, both.)

[flyweightnate]

I got confused and thought you were commenting on your own post for a second. Matrix this, martix that...

[the_matrix_guy]

flyweightnate

[Jonnydread]

hahahaha I think I made this mistake when I was looking for DM3 stuff.

On second thought, let's not go to MCB. It is a silly place.