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  #11  
Old 05-23-2010, 06:29 PM
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Default Re: It's Official - Smart Parts files Chapter 11

it was a matter of time, uit will be a hard hit for the paintball community
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  #12  
Old 05-23-2010, 06:32 PM
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Default Re: It's Official - Smart Parts files Chapter 11

Had no idea this was coming... Then again I've been MIA for a while.. what happened to them?
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  #13  
Old 06-16-2010, 09:04 PM
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Default Re: It's Official - Smart Parts files Chapter 11

if they only witheld all the court things with "stepping on patents", they may not have issues! lawyer fees are outragious.
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  #14  
Old 06-17-2010, 02:28 AM
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Default Re: It's Official - Smart Parts files Chapter 11

OK...who hacked Otter's account again?!? DAN?!?!?!
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  #15  
Old 06-17-2010, 05:15 AM
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Default Re: It's Official - Smart Parts files Chapter 11

For someone who has been away from the sport for a while, this is a shock. When I left, SP was on fire. Their barrel kits and guns were selling like nobody's business.
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  #16  
Old 06-17-2010, 09:50 PM
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Default Re: It's Official - Smart Parts files Chapter 11

I know. That's what happens when the bank panics and screws the people they lend to...problem is...SP owed them [I hear] MILLions....
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  #17  
Old 06-18-2010, 08:54 AM
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Default Re: It's Official - Smart Parts files Chapter 11

Yep.. the legal costs for winning their copyright battles were like 6mil or something ridiculous. They lost a loottt of money being douches to the rest of the paintball world. They certainly didn't make close to that much back in royalties.
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  #18  
Old 06-28-2010, 05:29 PM
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Default Re: It's Official - Smart Parts files Chapter 11

that sux
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  #19  
Old 07-06-2010, 08:27 PM
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Default Re: It's Official - Smart Parts files Chapter 11

funny that i come on this site for the first time in a few years or so, since i went off to college, i have had no money and have fallen out of the sport. but when it was in the game, smart parts was everywhere, and everyone had them. can someone tell me what happened?
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  #20  
Old 07-06-2010, 11:26 PM
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Default Re: It's Official - Smart Parts files Chapter 11

basically this:

1. They took out a bank loan for [allegedly] Millions $ for new equipment [allegedly] for the "new" [old] .50 cal crap.
2. They spread their current resources too thin by putting out too many markers in one calender year.
3. Some say lawyer fees defending patents
4. When Wall Street took a nose dive last year, banks started calling in all markers...in essence screwing SP to the wall.
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