DPatell
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I just read this on RMR, it's a note from Paul Robinson of AMW.
Open Letter Re: ISP/AT auction.
1/25/2004
This letter is meant to set straight the intentions of AMW Inc. regarding
its pursuit of the purchase of ISP/AT assets.
We are already hearing incorrect issues and malicious statements, resulting
in this statement of our position.
We have received notice from the Attorney representing ISP/AT, (Gary
Rosenfield) referred to as DIP (debtors in possession.), of the intentions
of DIP to sell the ISP/AT assets free and clear of any debt.
Said Notice advised of an offer for the sum of $30K from RCS Inc. (Gary
Rosenfield).
The Notice also was a request for additional offers, to be received no later
than 5 business days before the hearing.
1/22/04
Being that this was Very Short Notice, and the wealth of unanswered
questions, incomplete financial statements, etc., we immediately hired an
Attorney to investigate, and to help AMW Inc. receive further pertinent
information.
AMW's attorney, having attended the creditors meeting, spoke with the US
bankruptcy Trustee, and subsequently filed a motion for more time, and
additional discovery. The Court agreed and set a new date for the hearing.
AMW's attorney felt that there might be some legal question regarding RCS's
ability to legally acquire these assets (insider sale, lack of long arm
transaction, to name a few indiscretions, in our opinion)
I, Paul Robinson, as the principle of AMW Inc., decided to call Gary.
Amongst other things, there was some talk about how "Bad Chemistry" has
transpired over the last couple years between Gary, I, and another
Manufacturer.
We talked about how the Acquisition of AT might be viewed by some as a
"trophy", to hang on the wall.
This obviously is one of many reasons I am writing this letter.
Gary and I agreed that we could not point to any particular incident, but
perhaps just bad Karma, and a series of misunderstandings, or business
posturing.
The important thing here is the fact of dialogue! I have spoken to Gary on 3
occasions in the last couple weeks, and group postings have recently
happened with another mfg.
So much for a brief on history.
Moving forward.
It is AMW's intention to bid on the assets of ISP/AT, and assure that all
the assets and financial records are disclosed.
One cannot make a sound business decision without correct or complete
information.
One of my (as well as others) personal concerns in this business is, what
will happen to Gary and/or his staff?
Gary has been a part of rocketry since its early times and one cannot
overlook his contributions, along with others, some of whom are still
fightingL.
I can tell you that there have been discussions with Gary. One option is if
Gary would remain with some of his help, but work under a new owner.
Obviously, Gary and I understand that might be a bitter pill, and more
research into such an option is needed. All options are open for review.
The PARAMOUNT concern is this; that the end users who have invested in
Aerotech hardware and products be supported. and that is the delivery of
product return to the timely status it was two years ago.
I repeat, AMW's primary goal in this venture is to secure customer
investments of AT hardware with product, insuring that their investment will
not become a bad debt write off., or a wind chime!!
Though it has not been Gary's desire to see cross compatibility of different
manufactures hardware, I believe that is the future. I believe that for our
hobby to live and grow in the future, we must find a way to help keep it
affordable. My belief to secure that future is co- operation between
manufactures, instead of discord.
Wouldn't it be nice to know that most any load you wanted was available for
the hardware you currently owned??
My efforts are in fact to save ISP/AT (or what it represented) and restore
it, not to bury it. One of the big problems in this hobby, has been the
"constant fighting, protracted lawsuits, I own this, and I invented this,
you stole this, and this one did that". This is, and has been, detrimental
to the hobby. This will help put an end to such behavior, though it can't
be done alone!! That is one of the reasons for my desire to purchase
Aerotech. I want to acquire the rights to open up the field. Let the
customer benefit from open technology.
For the most part, the designs and products that are out there are public
domain.
The military was using snap rings back in the 50's, tracking smoke, etc.
Unless you made an effort to protect your ideas through the legal Patent
process, give it up. With very few exceptions, most of the stuff we use
today was already thought of.
CTI and I have had talks regarding this. (Pro AMW) we are looking for
feedback regarding these ideas!!
Both Anthony and myself are in complete agreement that it is good for the
hobby.
What do you the customer think??
Let quality, reliability, and the customer's right to choose dictate his
purchase.
Yes, there will be some questions regarding warranty, and a "few" that might
be dishonest, and try to exploit to their advantage.
But for the most part, if people know that there is a common goal, they work
together. (Fly Rockets as an example)
I welcome constructive dialog, and rational ideas to help solve some of
these thoughts.
Sincerely
Paul Robinson
President
AMW Inc.
How cool is that?!!? I hope it all falls through
Open Letter Re: ISP/AT auction.
1/25/2004
This letter is meant to set straight the intentions of AMW Inc. regarding
its pursuit of the purchase of ISP/AT assets.
We are already hearing incorrect issues and malicious statements, resulting
in this statement of our position.
We have received notice from the Attorney representing ISP/AT, (Gary
Rosenfield) referred to as DIP (debtors in possession.), of the intentions
of DIP to sell the ISP/AT assets free and clear of any debt.
Said Notice advised of an offer for the sum of $30K from RCS Inc. (Gary
Rosenfield).
The Notice also was a request for additional offers, to be received no later
than 5 business days before the hearing.
1/22/04
Being that this was Very Short Notice, and the wealth of unanswered
questions, incomplete financial statements, etc., we immediately hired an
Attorney to investigate, and to help AMW Inc. receive further pertinent
information.
AMW's attorney, having attended the creditors meeting, spoke with the US
bankruptcy Trustee, and subsequently filed a motion for more time, and
additional discovery. The Court agreed and set a new date for the hearing.
AMW's attorney felt that there might be some legal question regarding RCS's
ability to legally acquire these assets (insider sale, lack of long arm
transaction, to name a few indiscretions, in our opinion)
I, Paul Robinson, as the principle of AMW Inc., decided to call Gary.
Amongst other things, there was some talk about how "Bad Chemistry" has
transpired over the last couple years between Gary, I, and another
Manufacturer.
We talked about how the Acquisition of AT might be viewed by some as a
"trophy", to hang on the wall.
This obviously is one of many reasons I am writing this letter.
Gary and I agreed that we could not point to any particular incident, but
perhaps just bad Karma, and a series of misunderstandings, or business
posturing.
The important thing here is the fact of dialogue! I have spoken to Gary on 3
occasions in the last couple weeks, and group postings have recently
happened with another mfg.
So much for a brief on history.
Moving forward.
It is AMW's intention to bid on the assets of ISP/AT, and assure that all
the assets and financial records are disclosed.
One cannot make a sound business decision without correct or complete
information.
One of my (as well as others) personal concerns in this business is, what
will happen to Gary and/or his staff?
Gary has been a part of rocketry since its early times and one cannot
overlook his contributions, along with others, some of whom are still
fightingL.
I can tell you that there have been discussions with Gary. One option is if
Gary would remain with some of his help, but work under a new owner.
Obviously, Gary and I understand that might be a bitter pill, and more
research into such an option is needed. All options are open for review.
The PARAMOUNT concern is this; that the end users who have invested in
Aerotech hardware and products be supported. and that is the delivery of
product return to the timely status it was two years ago.
I repeat, AMW's primary goal in this venture is to secure customer
investments of AT hardware with product, insuring that their investment will
not become a bad debt write off., or a wind chime!!
Though it has not been Gary's desire to see cross compatibility of different
manufactures hardware, I believe that is the future. I believe that for our
hobby to live and grow in the future, we must find a way to help keep it
affordable. My belief to secure that future is co- operation between
manufactures, instead of discord.
Wouldn't it be nice to know that most any load you wanted was available for
the hardware you currently owned??
My efforts are in fact to save ISP/AT (or what it represented) and restore
it, not to bury it. One of the big problems in this hobby, has been the
"constant fighting, protracted lawsuits, I own this, and I invented this,
you stole this, and this one did that". This is, and has been, detrimental
to the hobby. This will help put an end to such behavior, though it can't
be done alone!! That is one of the reasons for my desire to purchase
Aerotech. I want to acquire the rights to open up the field. Let the
customer benefit from open technology.
For the most part, the designs and products that are out there are public
domain.
The military was using snap rings back in the 50's, tracking smoke, etc.
Unless you made an effort to protect your ideas through the legal Patent
process, give it up. With very few exceptions, most of the stuff we use
today was already thought of.
CTI and I have had talks regarding this. (Pro AMW) we are looking for
feedback regarding these ideas!!
Both Anthony and myself are in complete agreement that it is good for the
hobby.
What do you the customer think??
Let quality, reliability, and the customer's right to choose dictate his
purchase.
Yes, there will be some questions regarding warranty, and a "few" that might
be dishonest, and try to exploit to their advantage.
But for the most part, if people know that there is a common goal, they work
together. (Fly Rockets as an example)
I welcome constructive dialog, and rational ideas to help solve some of
these thoughts.
Sincerely
Paul Robinson
President
AMW Inc.
How cool is that?!!? I hope it all falls through