Greddy ( Trust ) gone bankrupt?! WTF!?

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Sep 10, 2008 | 03:11 PM

#16

chinoyboi

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Sep 10, 2008 | 03:15 PM

#17

sigma pi

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Quote:

Originally Posted by pwnx0rz

will the greddy evo2 cbe be really cheap now????????

i have one for 800$ used

Sep 10, 2008 | 03:17 PM

#18

Unit 91

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I'll have to call some friends and see how long they're gonna have jobs.

Sep 10, 2008 | 04:37 PM

#19

Shagon Wagon

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Quote:

Originally Posted by sigma pi

i have one for 800$ used

what a deal ! pm sent

Sep 10, 2008 | 04:43 PM

#20

Ipecac

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Quote:

Originally Posted by OneManArmy

just because they're going bankrupt doesn't mean they are done for.

just means they don't have to pay the loan back.

I'm sure they'll be around in some form or another still. They just need someone else running it. Loans of $43 million? WTF?

Which means the lender gets a fat tax break... and who pays for that? Us!

Sep 10, 2008 | 05:50 PM

#21

JOEBOBBUCKET

08.11.84 - 02.14.10

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Back in the day i wanted a Greddy Carb Legal turbo for my Integtra. It was a nice kit they put together.

Sep 10, 2008 | 05:55 PM

#22

CLsmooth71

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yeah, filing for bankruptcy doesn't mean the end of GReddy/Trust. they'll probably get bought out. SSR is a way smaller company and went through the same thing when Tanabe scooped them up.

Sep 10, 2008 | 05:57 PM

#23

stupidchicken03

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Quote:

Originally Posted by Hatteroo

Yeah I saw it this morning. So does this mean a huge liquidation of inventory for cheap cheap?

that would be nice!!

Sep 10, 2008 | 06:16 PM

#24

OneManArmy

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Quote:

Originally Posted by Ipecac

Which means the lender gets a fat tax break... and who pays for that? Us!

That's why that caught my eye. Seems like someone was trying to hide some money from the feds.

But I'm also not sure how much of the company is U.S. based and how much is still based in japan. I figure since they noted the dollars in... well dollars it must be something to do with U.S. taxes not japanese tax laws.

So yeah... that sounded fishy to me.

I'd bet they'll be bought out by a smaller name and that smaller company will take over the greddy/trust product line. Kind of like SBC buying AT&T then becoming AT&T when it was already once upon a time AT&T before it became SBC.

Yeah for big business tax loop holes.