# ROL - Bids Solicited for Sale of AeroTech Inc.

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#### astrowolf67

##### Well-Known Member
CLS,
A lot of companies being sold, or on the verge of bankruptcy have carried on like this. Usually, it becomes employee owned. Your idea is actually a great one. Unfortunately, there's just no time to do all the work needed to get something like that done. I for one, would be more than willing to invest in something like this, to ensure that the joys of rocketry that I've enjoyed, and still enjoy, can continue for generations to come. So this hobby will be here for my children, and grand children.

#### marvSRG

##### Well-Known Member
I'm not good with this kinda stuff, so someone lay it out for me. Does this mean that AT is going to be taken from Gary Rosenfield? Will he be out of the picture? What kind of stuff will we be looking for in the future from AT as a result of this?

#### Chilly

##### Well-Known Member
Well, that's the sixty-dollar (or whatever you paid for your RMS hardware) question. Sounds as if Gary Rosenfield was trying to get out from under the liabilities and start over, but the court told him it wouldn't work. So now it's pubicly up for sale and AMW sees a chance to move.

I just want the AP to keep moving. Otherwise I'll be one of those guys buying lots of 24mm cluster mounts from the good Mr. Flis.

#### n3tjm

##### Papa Elf
Originally posted by marvSRG
I'm not good with this kinda stuff, so someone lay it out for me. Does this mean that AT is going to be taken from Gary Rosenfield? Will he be out of the picture? What kind of stuff will we be looking for in the future from AT as a result of this?
I imagine that Gary will still work there... because Paul does value his knowledge. Gary didn't handle a few thing well, and they had the quarals... but AMW recongnizes that if HPR is going to survive, the biggest supplier has to survive first. They will need to produce what sells, and produce it fast. Gary is the man for the production... and Paul is the man for the leadership.

Hmmm....

Juerg

#### Chilly

##### Well-Known Member
You never know what someone else's idea of "good business" is. According to earlier postings by Gary Rosenfield over at ROL, the midpower line is almost a loss-leader. They make very little profit from it, even though they sell an awful lot. The real bucks are in HPR. He didn't say so, but AT may very well be in the mid-power market because they know it's an effective bridge to HPR (they hooked me at least!). But suppose AT gets purchased by some nearsighted moron who doesn't see it that way? It would not only dry up the E-G market, but probably wipe out their customer base, thus eventually wiping out the "new" AT. That's pure speculation, and I'm not suggesting AMW is thinking that way. But once again, you never know who else could become involved in the process and what their thinking could be. Guess we'll all find out after the auction next month...

#### Chilly

##### Well-Known Member
An addendum to my last post: Juerg is right - check out some of the recent discussion at ROL. Granted that place is starting to attract some real crackpots, but there's a pretty good alternative view of the AMW bid in there. Could be a lot of bull but it has the scent of truth.
I will attempt to choose my words very carefully here - this thread could easily tumble down the slippery slope of ROCKETRY POLITICS and I don't want to violate the TRF Prime Directive.

My time back in the hobby has been brief, but it's hard to have missed all the noise about certain events and personalities. Whether individuals, vendors, or clubs, you probably all know what I mean.

I've also mentioned before that my profession is in aviation (bear with me, I've got a point here). I know nothing about manufacturing and even less about the specific personalities involved. I left the airline business several years ago for an aviation services company because I was tired of the boom/bust/layoff cycle. I've had a ringside seat at a few bankruptcies and takeover bids. Suffice it to say that NO ONE reveals their full intentions right out of the gate. Some bidders are downright dishonest, but many just have more money than sense. And no one knows who the "silent partner" is in the AMW bid or what their intentions might be.

Again, I don't know any of the people involved, but the more of a happy face they try to paint on something the less inclined I am to trust it. That doesn't necessarily mean they're lying - often people get big ideas, are able to put some money behind it, and don't realize they're fooling themselves. Who knows for sure until it's all over? If that makes me a curmudgeon, then so be it. I've been burned as an employee too many times and this just doesn't smell right. It's my sincere hope that Gary & Joe are able to keep things going, whether under the Aerotech name or as RCS.

P.S. The positive reactions from more knowledgable TRF'ers like Carl Tulanko are making me feel a lot better about this. But I'll probably be nervous until the dust settles 'cause you just never know for sure what could happen. There are a lot of dirtbags in the airline business and I don't want to unfairly project my experiences upon the people involved in this matter. My apologies if that is the case here.