Oh Snap!

did it just get deleted........... I blame the lawyers. 

this is my favorite part:

Why has no one other than a overly zealous ex-employee been adamantly defending the idea that they went bankrupt?

I never defended the idea that they went bankrupt.
People (such as angry) have been trying to spin this thread that anything and everything that's happened to sierra is a direct result of the Burton fiasco.  I simply reject the idea of direct cause-effect relationships between a bunch of disconnected events.

Originally posted by rook Originally posted by lizzard02 http://www.angrysnowboarder.com/?p=7045#more-7045 Michael Anthony Management, Inc. is based in Milpitas, California. On June 1, 2010, Michael Anthony Management, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of California. 920 Hillview Court Suite 160 Milpitas, CA 95035 United States Debtor Name: Michael Anthony Management, Inc. Year Filed: 2010 Jurisdiction: United States Bankruptcy Court / Northern District of California Asset Size: 10,000,000 to 100,000,000 Case Number: 10-55755 Industry: Retail how come you guys are so quiet? is it because of a gag order instilled by the powers that be in the company? It might be the Lawyers who have instilled the 'gag' order.

As I've pointed out - there's no real legal justification for a 'gag' order when it comes to bankruptcy proceedings. The only reason why there would be any kind of gag order is if there's more going on then simple bankruptcy...

but hey - what do I know, i'm just an 'over zealous ex employee'

A bit more info in this ever winding drama!

Party:     Michael Anthony Management, Inc.
Case Number:     1-10-CV-170404
CaseTitle:     The Burton Corporation Vs Michael Anthony Management, Inc., Et Al
Case Category:     Breach Of Contract/Warranty – Unlimited

Date     Time     Dept.     Event     Result     Result Date
Thursday, May 27, 2010     09:00AM     09     CV Pet: Writ of Attachment     Granted     05/27/10
Tuesday, May 18, 2010     09:00AM     09     CV Misc Motion     Granted     05/18/10

Originally posted by lizzard02 A bit more info in this ever winding drama! Party:     Michael Anthony Management, Inc. Case Number:     1-10-CV-170404 CaseTitle:     The Burton Corporation Vs Michael Anthony Management, Inc., Et Al Case Category:     Breach Of Contract/Warranty – Unlimited Date     Time     Dept.     Event     Result     Result Date Thursday, May 27, 2010     09:00AM     09     CV Pet: Writ of Attachment     Granted     05/27/10 Tuesday, May 18, 2010     09:00AM     09     CV Misc Motion     Granted     05/18/10

oh but gee - there's nothing else going on at all - is there!

guess we should enjoy the discounts while we still can?

Obviously I'm jumping in late, but, are there talks of Sierra going under?  I appoligize if I'm way off.  Just read the posts and the bankruptcy thing doesn't sound too promissing.  I guess I'll be buying more within the next few weeks than I had planned.  I hope everything works out for the best for Sierra regardless of whatever happens.

yes rook.  Wiki: "Case names are usually given with the plaintiff first, as in Plaintiff v. Defendant."

Originally posted by rook Originally posted by lizzard02 A bit more info in this ever winding drama! Party:     Michael Anthony Management, Inc. Case Number:     1-10-CV-170404 CaseTitle:     The Burton Corporation Vs Michael Anthony Management, Inc., Et Al Case Category:     Breach Of Contract/Warranty – Unlimited Date     Time     Dept.     Event     Result     Result Date Thursday, May 27, 2010     09:00AM     09     CV Pet: Writ of Attachment     Granted     05/27/10 Tuesday, May 18, 2010     09:00AM     09     CV Misc Motion     Granted     05/18/10 Burton is the plaintiff. I am a bit of a layman when it comes to court cases.  Is that Burton (Plaintiff) and MAM (Defendant) - that would make the most sense....... or vise versa.

Originally posted by myke Originally posted by rook Ok cool lets speculate......... while taking no sides. SS and Burton had a contract dispute.  SS decides not to pay Burton. Burton Sues SS. SS declares bankruptcy to not have to pay for the settlement.......... and then SS open again under MAM 2010 inc. or something like that.  not exactly...

Originally posted by rook Originally posted by myke Originally posted by rook Ok cool lets speculate......... while taking no sides. SS and Burton had a contract dispute.  SS decides not to pay Burton. Burton Sues SS. SS declares bankruptcy to not have to pay for the settlement.......... and then SS open again under MAM 2010 inc. or something like that.  not exactly... Like I said speculation...... only reason I wrote this is a similar thing happened within the Tool industry in Canada.   Company "A" got sued, filed for bankruptcy, sold off all assets at pennies on the dollar to themselves under a different company name and re-opened within 6 months. I am sure there was way more to it than that but thats how it worked out in the end.

There's been some changes in the laws over the years that make that a little more difficult to do. Nevermind that chapter 11 is reorganization of an existing company. What you're talking about would require chapter 7 which is liquidation...

I've avoided speaking what i really think is going on - but f'it - here goes.

What I think happened:

1) Burton and Sierra have a contract dispute (we know this).
2) Burton pulls retail agreement.
3) dickwaving ensues on both sides.
This includes things like massive sales, international shipping, etc.
This also includes things like Burton demanding payment in full for all product - as is their right under the agreement that was pulled, but also isn't always customary.

Lots of legal stuff that will probably never see the light of day. Generally speaking when agreements like this go south - Burton would just back a truck up and take back all the product, and issue a refund  minus a 'restocking fee' of sorts (20% I believe?). Again - all part of the retail agreement.

The fact that burton didn't back a truck up - tells me that they demanded payment.  That's kind of a dick-waving move.

Now Sierra (MAM/Sierra = same thing) filed Chapter 11 in response to the lawsuit. Does that mean Sierra is going out of business? No - that's a way of waving a dick back at Burton and saying "oh - you want what we have? guess what - we don't got crap go ahead and come and get it". This is a fairly typical legal maneuver.

Chances are - there's a counter suit of some sort waiting in the wings that has yet to be filed, and bankruptcy is simply part of the legal strategy of dealing with the Burton/Sierra dispute.

^^^ so if Mike and Jake just get it over with and measure cocks this would all be over........ sounds like standard big business to me.

Originally posted by rook ^^^ so if Mike and Jake just get it over with and measure cocks this would all be over........ sounds like standard big business to me.

That's exactly what it is.

Why in the efffing eff do you people care so much?

Originally posted by BoxStomper okay. ive been on here long enought to know about the contract void with Big Bad B and the dick waving. (which btw is an excellent term. ) and i still dont know what all this is.... What exactly is happening to Sierra Snowboards...just the facts

That's for the courts to figure out.

Originally posted by myke Originally posted by BoxStomper okay. ive been on here long enought to know about the contract void with Big Bad B and the dick waving. (which btw is an excellent term. ) and i still dont know what all this is.... What exactly is happening to Sierra Snowboards...just the facts That's for the courts to figure out.

their shtooked but thats just my opinion.

Originally posted by myke I've avoided speaking what i really think is going on - but f'it - here goes. What I think happened: 1) Burton and Sierra have a contract dispute (we know this). 2) Burton pulls retail agreement. 3) dickwaving ensues on both sides. This includes things like massive sales, international shipping, etc. This also includes things like Burton demanding payment in full for all product - as is their right under the agreement that was pulled, but also isn't always customary. Lots of legal stuff that will probably never see the light of day. Generally speaking when agreements like this go south - Burton would just back a truck up and take back all the product, and issue a refund  minus a 'restocking fee' of sorts (20% I believe?). Again - all part of the retail agreement. The fact that burton didn't back a truck up - tells me that they demanded payment.  That's kind of a dick-waving move. Now Sierra (MAM/Sierra = same thing) filed Chapter 11 in response to the lawsuit. Does that mean Sierra is going out of business? No - that's a way of waving a dick back at Burton and saying "oh - you want what we have? guess what - we don't got crap go ahead and come and get it". This is a fairly typical legal maneuver. Chances are - there's a counter suit of some sort waiting in the wings that has yet to be filed, and bankruptcy is simply part of the legal strategy of dealing with the Burton/Sierra dispute.

So your saying sierra snowboard is going down.  Then possibly coming back again with a different company?

hahah. nooo myke. and the doucher that said that. oh apparently you dont like this site and the 70% off sales we get here? oh i guess you like to pay retail for your boards. oh well then i guess i wouldnt care either. but SS has been more than good to all of us.

Bottom line is - nothing that's going on is terribly unique or even interesting.

This is just another instance of how the snowboard industry/community needs to grow up and get a grip on reality already.

Stuff like this happens every day in the real world and nobody even notices. It's called "business". Sorry if some people don't want to admit that snowboarding is a business, or understand what that means - but it is...

yeah. but theres people. like 16 year olds trying to save to pay for their college. car. car insurance and other expences who dont have extra money to pay retail. so thats why ALOT of people on here would hate to see this go away

@BoxStomper (again) get a job and get over it. Im 16 too. And i pay for all that shizzel too.

Originally posted by joness Just another drama filled, I mean Scorer thread...  Why jump to conclusions?  What will that accomplish?  If they don't go under, then this negative drama is.... pointless.  If they do go under (which I don't see happening, but that may just be me being naive again), then this negative drama is... pointless. Enjoy snowboarding and enjoy what sierra can do for you. Good prices, good people (most anyway), why so much hate?

Listen female genitalia (yes, i know, spelling) i didn't start this thread and hardly said a word in it. So go drink bleach and do us all a huge faawking favor.

@ MiguelMas.  We care so much because Sierra is a great company and it would be a shame, in the event the go under, to see them go.  They take care of their customers and sell great products.  That's why.