Tony,
Corporate law that enables a business to be effectively re badged, and have
the creditors of the previous business entity ignored is wrong. This is not
an investment business where people adopt a risk strategy. This is about
dreams. So, ethically, if the tooling remains available which I am sure it
does, I would expect a good business model would have costed the non
supplied componentry in the negotiated price. This is ethical, and what I
would do. It may be argued that it is non sustainable in a business sense,
but I feel that it should have been the only way the business was
resurrected. What sort of business do you want? You have to have a customer
base and respect it. I could have been one of those people caught out, and
I know I wouldn't be feeling too good now. I don't believe on any grounds
these people, part of the Europa community, should be forgotten about and
the rest of us move on. Similarly, I don't think it is appropriate to sit
back and send my hard earned dollars overseas and not know whether I am
going to get my goods. Suffice to say a new method needs to be considered.
Handling agent maybe. Independant middleman. I recognise there are valuable
people in Europa and I believe the rhetoric is to protect those people. I
agree. They have to value us as much as we value them, otherwise it can
simply happen again and again. If your business motive is solely profit,
well yes you can ignore the others who are on the other side of the
contract of sale, but profit is a reward. Is your view that business is
profit focussed, or reward?
Reg
Tony Renshaw
P.S. If the phoenix looks like Icarus, maybe it is, and we should warn him
not to fly too close to the sun, again.
At 10:20 AM 9/24/2004, you wrote:
>
>
> >> I want a response to whether a partition is appropriate, where
>everyone including those outside the Europa Club can air their
>collective desire to partition Europa 2004 for the parts supply
>outstanding prior to our support. Simple, and fair.
>
>Fact: Europa 2004 is a completely different business entity from EMIL.
>
>Europa 2004 paid money to acquire some of the assets of EMIL but you
>cannot make any assumption that items such as customer records, computer
>systems and accounting records were part of that acquisition. Without
>the records, or as it seems, even an operational internet connection as
>of yet, I think it'd be very hard for Europa 2004 to send personalised
>emails let alone letters to existing customers.
>
>As with any company ceasing to trade and having its assets purchased by
>a new company, the new company has no responsibility for the losses of
>the previous company. This has been a business principal in most western
>countries for many years.
>
>I think that it's great that a bunch of people had enough faith in the
>Europa aircraft design to get together enough funds to be able to form a
>company. I have no doubt that some of these people have probably
>stretched their financial resources to get Europa 2004 up and running. I
>for one applaud their actions and intend supporting them in any way
>possible. Without our support Europa 2004 won't exist and we, as
>builders and owners of Europa aircraft, will be far worse off for it.
>
>Tony
>
>
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