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NinerBikes RichardCunningham's article
Dec 1, 2017 at 16:04
Dec 1, 2017
NinerBikes RichardCunningham's article
Dec 1, 2017 at 8:23
Dec 1, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
@WAKIdesigns: All of us at Niner appreciate your kind words.
NinerBikes RichardCunningham's article
Dec 1, 2017 at 8:15
Dec 1, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
First I do take full responsibility for the situation we are in. I have been self-employed for the last 32 years and this is the toughest position I have found myself in. My deep love for all things bicycles drives me to complete this story with a happy ending. I am grateful every day to work with such amazing like-minded people at Niner. While Your analysis is correct as to where the debt goes. The other side not presented is if Niner is successful after emerging from Ch 11 in Jan 2018. 1. All future profits the company makes will be taxed by the US government 2. Payroll to our 31 employees will be taxed by the US government 3. Parts and supplies we bring it will be charged duties by the US government 4. Profits made by our suppliers (Shimano, Sram, Fedex, Visa, etc) selling us goods & services will be taxed. 4. Profits made by Local Bike Shops selling our bikes will be taxed by the US government 5. Money we donate each year to IMBA and other like-minded organizations benefits all riders The American taxpayers are better off that companies like Harley Davidson & GM were able to reorganize under Ch 11. We hope to follow a similar path. Thank you all for your comments both positive and negative. We will learn from our mistakes and improve. Peace, Chris Sugai
NinerBikes RichardCunningham's article
Dec 1, 2017 at 7:44
Dec 1, 2017
NinerBikes RichardCunningham's article
Nov 30, 2017 at 20:35
Nov 30, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
@orientdave: Thanks for the kind words of support. Wishing you the best with your company.
NinerBikes RichardCunningham's article
Nov 30, 2017 at 19:59
Nov 30, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
Yes, Kirt has been awesome for Niner. We look forward to many years together.
NinerBikes RichardCunningham's article
Nov 30, 2017 at 19:57
Nov 30, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
Yes we are very happy with Kirt, Rebecca, Team Clif and Amanda Panda!
NinerBikes RichardCunningham's article
Nov 30, 2017 at 18:13
Nov 30, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
I am sorry we failed you. We obviously have some areas to improve on going forward. Peace, Chris Sugai
NinerBikes RichardCunningham's article
Nov 30, 2017 at 18:05
Nov 30, 2017
Niner Files for Chapter 11 Bankruptcy with Pending Sale to Colorado Investment Group
@dsirl: Thanks for the comments and support. Also great to see you active in NICA we need to grow the pie vs making new standards.
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