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lizzard02 View Drop Down
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Direct Link To This Post Topic: Oh Snap!
    Posted: Jun/24/2010 at 9:53am
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?
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Direct Link To This Post Posted: Jun/24/2010 at 9:53am
did it just get deleted........... I blame the lawyers. 
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Direct Link To This Post Posted: Jun/24/2010 at 9:54am
i'm trying this again. dammit! this forum is pissing me off.
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Direct Link To This Post Posted: Jun/24/2010 at 9:56am
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.

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Direct Link To This Post Posted: Jun/24/2010 at 10:01am
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.  


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Direct Link To This Post Posted: Jun/24/2010 at 10:03am
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' LOL
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Direct Link To This Post Posted: Jun/24/2010 at 10:09am
well myke, it does seem that way.


i just figured you're a bleeding heart type that likes to stand up for stuff he believes in.
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Direct Link To This Post Posted: Jun/24/2010 at 10:10am
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


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Direct Link To This Post Posted: Jun/24/2010 at 10:14am
Originally posted by lizzard02

well myke, it does seem that way.


i just figured you're a bleeding heart type that likes to stand up for stuff he believes in.


are you trying to call me a communist? LOL


On a more serious note - thus far, i've said the following:
1) That not everything that's happened with sierra has been a result of Burton.
2) That people trying to make everything out to be because of Burton don't understand the whole picture.
3) That If sierra files for bankruptcy - it will become public information, and there won't be a need to speculate about it.
4) That if sierra files for bankruptcy, it's likely part of something bigger going on.

thus far - despite what some people might like to guess about - I'm not aware anyone's proven anything i've said to be wrong.

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Direct Link To This Post Posted: Jun/24/2010 at 10:15am
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!

Wink
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Direct Link To This Post Posted: Jun/24/2010 at 10:15am
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



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.
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Direct Link To This Post Posted: Jun/24/2010 at 10:16am
guess we should enjoy the discounts while we still can?
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Direct Link To This Post Posted: Jun/24/2010 at 10:21am
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.
I'm just here to look cool...

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Direct Link To This Post Posted: Jun/24/2010 at 10:22am
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.
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Direct Link To This Post Posted: Jun/24/2010 at 10:25am
Anyone need gear, Grab it NOW......You won't see many 50-70% off deals again or maybe ever...
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Direct Link To This Post Posted: Jun/24/2010 at 10:25am
yes rook.  Wiki: "Case names are usually given with the plaintiff first, as in Plaintiff v. Defendant."
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Direct Link To This Post Posted: Jun/24/2010 at 10:26am
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. 


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Direct Link To This Post Posted: Jun/24/2010 at 10:26am
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.
I'm just here to look cool...

www.angrysnowboarder.com
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Direct Link To This Post Posted: Jun/24/2010 at 10:28am
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...

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Direct Link To This Post Posted: Jun/24/2010 at 10:32am
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.
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Direct Link To This Post Posted: Jun/24/2010 at 10:34am
How could sierra snowboard be bankrupt?  They are like the biggest snowboard store in the world..  Why are there no staff on here to confirm or deny the allegations?
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Direct Link To This Post Posted: Jun/24/2010 at 10:36am
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...


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Direct Link To This Post Posted: Jun/24/2010 at 10:39am
Could also be a Canadian vs. American difference.......
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Direct Link To This Post Posted: Jun/24/2010 at 10:39am

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Direct Link To This Post Posted: Jun/24/2010 at 10:40am
Again, I'm in the dark on this topic, but, is this the writing on the wall?  Could this be the end of Sierra Snowboard, or am I way off and reading way too deep into this topic.  Again, if I'm way off I apoligize.
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Direct Link To This Post Posted: Jun/24/2010 at 10:42am
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.



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Direct Link To This Post Posted: Jun/24/2010 at 10:43am
But again - full disclaimer that I really have no idea what i'm talking about - have no special inside information - and this is mostly pulled directly from my rear end.


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Direct Link To This Post Posted: Jun/24/2010 at 10:44am
^^^ 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.
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Direct Link To This Post Posted: Jun/24/2010 at 10:45am
nah, you're no communist myke. well ok when you have that photo of mao (meow) makes a person wonder. ;)

and my gag order idea was that the company itself is telling the employees to keep mum on the topic.

or he has kept them in the dark as well and everything is operating like it's all hunky dory.
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Direct Link To This Post Posted: Jun/24/2010 at 10:46am
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.

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Direct Link To This Post Posted: Jun/24/2010 at 10:49am
and more to the point - what does this have to do with moving, closing the retail store, etc etc? Pretty much absolutely f'ing nothing.

That's why assertions like Angry's about what is going on and what all this means is off-base.

There's a big difference between a chapter 11 filing like this being a consequential result of the burton fiasco, and a filing like this being part of a deliberate response.

That's the point i was trying to make when i told him he didn't really get the bigger picture, and he was trying to tie unrelated stuff together (like the move, closing of the retail store, etc) in a way that wasn't accurate.




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Direct Link To This Post Posted: Jun/24/2010 at 10:50am
Why in the efffing eff do you people care so much?
 
REALLY?
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Direct Link To This Post Posted: Jun/24/2010 at 10:51am
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
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Direct Link To This Post Posted: Jun/24/2010 at 10:52am
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.


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Direct Link To This Post Posted: Jun/24/2010 at 10:53am
Originally posted by MiguelMas

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

Not really anything else to do.......... just procrastinating homework, killing time until I head to the beach to play some volleyball.
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Direct Link To This Post Posted: Jun/24/2010 at 10:53am
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.
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Direct Link To This Post Posted: Jun/24/2010 at 10:54am
Originally posted by MiguelMas

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


I just figure if people are gonna talk crap - they should at least understand what they're talking about. If not - at least I can get some entertainment/amusement in pointing out how f'ing wrong they are.


Then again - i've been told I'm an arrogant prick - go figure.

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Direct Link To This Post Posted: Jun/24/2010 at 10:55am
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?
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Direct Link To This Post Posted: Jun/24/2010 at 10:56am
Originally posted by Ginger

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?


I didn't say that at all. I said it's for the courts and the lawyers to figure out.



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Direct Link To This Post Posted: Jun/24/2010 at 10:56am
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.
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joness View Drop Down
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Direct Link To This Post Posted: Jun/24/2010 at 10:58am

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?

Big Air. Kids today, that's all they want, big air. I say stick to the mountain. That's where the fun is. You want big air kid? Pull my finger.
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myke View Drop Down
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Direct Link To This Post Posted: Jun/24/2010 at 11:00am
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...






I'm here for the gangbang....
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Direct Link To This Post Posted: Jun/24/2010 at 11:03am
@BoxStomper- I dont give twoshits about the sales here. I buy from local shops. Maybe i just have enough money to buy boards for full retail at the beginning of the season, and thats why i could care less about 50/70% off boards.
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Direct Link To This Post Posted: Jun/24/2010 at 11:14am
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
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Direct Link To This Post Posted: Jun/24/2010 at 11:20am
When it comes down to it, we can talk about it and speculate all we want and that won't change the proceedings. Sit tight and wait for the outcome of it all.
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Direct Link To This Post Posted: Jun/24/2010 at 11:23am
@BoxStomper (again) get a job and get over it. Im 16 too. And i pay for all that shizzel too.
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Direct Link To This Post Posted: Jun/24/2010 at 11:27am
Lawyers are good at creating agreements where, although you don't expect that a "I'm gonna pull my d!ck out and slap you" to be used, they put it in there in the event of monies not being transferred for goods or services.  It's the political correct way of a threat.

Did you google it?
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Direct Link To This Post Posted: Jun/24/2010 at 11:36am
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.
I'm just here to look cool...

www.angrysnowboarder.com
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bitteralex View Drop Down
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Direct Link To This Post Posted: Jun/24/2010 at 11:41am
lol@icecoast... thats great that you save up enough money to buy at your local shops.. its always good to support your local shops.. but some people want to save money... mostly because they have other bills to pay that a normal 16 year old doesn't have...
say... a mortgage, gas, water, power, tv, telephone, internet, et al.
maybe its the asian in me.. but i try to save money wherever i can... yes i probably could afford to pay retail... but if there's a site that sells it for 50-70% off retail why wouldn't i buy from them? I'm not the kind of person that needs to be the first one with the new gear
"Did you know that policemen are called cops because their badges used to made of copper?"
"That's cool... then why are they called pigs?"
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Direct Link To This Post Posted: Jun/24/2010 at 11:44am
@ 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.
 
@Icecoast.  I'm glad you enjoy paying full price on something you can get at a cheaper price somewhere else.  You're not 16; however, if you are, you're spending daddys money so no wonder you don't care wether or not you pay full price.  I completely agree with Boxstomper.  No I'm not 16 and I'm no Donald Trump, but money is not an object in my household.  Who wouldn't want a great deal?
 
Either way, I hope all goes well for Sierra.  Until we know for sure, I'm spending some money on a few extra things just in case.
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