Thread: Whats up with Fountain Powerboats?

So, what is happening? Are they bankrupt or not?

Originally Posted by Horatio Caine

So, what is happening? Are they bankrupt or not?

.

reggie has more bs than anyone i know.. but i did see him on duval street in key west..

lookin a wee bit haggard.. let's see if he can pull a rabbit out of a hat this time..

Hustler made an offer on it last I heard, Ill have to check the wires and see what the latest is on it. Im pretty sure a group of investors had plans to buy him out of his bankruptcy but never heard the final word on it because (wait for it)

IM NOT A FOUNTAIN FAN! lol

Originally Posted by waterboy222

...IM NOT A FOUNTAIN FAN! lol

How can you not be? Is there anything cooler, better and more usefull than a Fountain 47 Lightning?

Originally Posted by Horatio Caine

Is there anything cooler, better and more usefull than a Fountain 47 Lightning?

A 51' Outerlimits Sport Yacht?

Originally Posted by Horatio Caine

How can you not be? Is there anything cooler, better and more usefull than a Fountain 47 Lightning?

hahaha, almost ANYTHING.. a 47 should be listed as a performance cruiser in my book.. It takes absurd power to push that turd past 100. I could care less about how many beds, showers, etc you can cram into an offshore boat. Plus the cockpit space isnt any larger than anything else.

Ill take an OL over a fountain any day of the week. Staggered 1075s on 6's without the fag seating.

Last bit I read:

In a resounding victory for Reggie Fountain, a judge has allowed Fountain Powerboat Industries Inc. to reorganize and retain its assets after a hearing held in U.S. Bankruptcy Court in the Eastern District of North Carolina on Friday morning.

Bankruptcy judge Randy Doub ruled in favor of Fountain, allowing the world-famous performance boat builder to restructure its Chapter 11 bankruptcy protection and reorganize with the group Liberty Investments, which acquired both Donzi and Pro-Line earlier this year. Liberty will assist in financing the reorganization of the company and pay off its creditors.

Fountain owes nearly $20 million to the California-based Oxford Investment Group, which bought Fountain's bank note a few weeks ago. While the group intended to acquire Fountain's assets, it will now be treated as a creditor.

Company founder Reggie Fountain will be retained as president and CEO, and will continue taking boat orders for both Fountain and Baja brands.

Put me down as definitely not a fan either. The list of boats I would buy before a Fountain is LONG. I freely admit he has done much to further the sport, and advance the popular acceptance of stepped hulls, etc. But I'm not a fan of him or his boats . . .

Im a fan of "HIM" but not a fan of his boats. I love what hes done for the sport. And as with any celebrity, theres no such thing as "bad publicity".. Watch the Cat Killer video below and you can see creative editing and his marketing strategies at play.

YouTube - Fountain Powerboats "Cat Killer" Race Champions

Originally Posted by waterboy222

and you can see creative editing

That about sums up that video to a T. Much talk about that video all over the boating forums when that was released.