Christian050567
Member
Why not? In my opinion he did explain all painpoints of the last months. I believe him.
YT is working on an Avinox EMTB
- Thread starter jever98
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sethimus
😠 Donald Duck 😠
he was the ceo ALL THE TIME
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- #33
A bit touchy, are we?
- Thread starter
- #34
According to what he said in the podcast, no. They hired a CEO in 2020 (if I remember right) and he took over again at some point before the bankruptcy.
sethimus
😠 Donald Duck 😠
according to their financial reports he was listed as geschäftsführer ALL THE TIME, therefore i rather base my information on this legal document than on what he says in public…
So it was his responsibility, allowing the company to slide into bankruptcy when he could have intervened before it did so?
So to be consistent I expect you to grace this post with another of your not very bright badges of honour ...
Thanks.
In any case, this video among other is just damage control.
They've done shady things, to me, and they used legal German base to avoid paying what they've to - firing tons of people in the process.
No one can argue that they discount like hell, told everyone it is okay and just few days after announce bankrupt/administration, this is just impossible to lie, it is just not something that came out of nowhere so even with caution this is just very bad.
Not saying it is not him blabla ...? There are also speculations, let's call it that, where he refuses all offers to drop the price of the company up to a point he could take it back like it was his original goal: get it back cheaper.
What is more important is that in the end, they were poorly managed, so anyone spending 6-10k on something should have this in mind as it could happen again. Buying cheap is cool but having a brick at home is not.
They've done shady things, to me, and they used legal German base to avoid paying what they've to - firing tons of people in the process.
No one can argue that they discount like hell, told everyone it is okay and just few days after announce bankrupt/administration, this is just impossible to lie, it is just not something that came out of nowhere so even with caution this is just very bad.
Not saying it is not him blabla ...? There are also speculations, let's call it that, where he refuses all offers to drop the price of the company up to a point he could take it back like it was his original goal: get it back cheaper.
What is more important is that in the end, they were poorly managed, so anyone spending 6-10k on something should have this in mind as it could happen again. Buying cheap is cool but having a brick at home is not.
Mine didn’t…… they lent on canyon and made them refund me…… they were not amused that Canyon we’re refusing to refund goods that are not fit for purpose (there was a safety hazard report in the UK that automatically triggers the not fit for purpose clause).
I liked the bike, Canyons evasive behaviour soured my experience of their brand and I would rather stick a fork in my eye than purchase one of their products.
Glad you got your cash back ok, but there’s a difference between the credit card company recovering money from a trading entity over one that has folded.
Consumers should get a refund either way, but credit card companies have to suck up the losses from companies that cease trading and go into bankruptcy.
Goff
Active member
Wow does anyone have something to add about the DJI Decoy?
- Thread starter
- #42
Thank you for that reminder.
I had posted that he spoke about an avinox bike because people seem to be very interested in all things avinox, not to trigger another round of yt this and that. I'll keep away from any further comments on the saga.
I don’t think there’s much to say at this point is there, it’s early days and it likely doesn’t exist beyond a CAD drawing?
But, I hope whatever they come up with is great and it puts the company and its employees on a firm foundation.
I liked what YT were doing, and the people at the YT Mill here in the UK didn’t deserve what happened.
sethimus
😠 Donald Duck 😠
why do you need a dji bike from yt? where do you expect it to be better than whats on the market/coming up?
Goff
Active member
It would be the best of both worlds, a good quality bike that rides like you stole it and the best motor currently out there.
Plus it will add to my YT collection
My riding buddy has just received a Velduro Rouge, it’s impressive with climbing ability up super steep tech tracks, so that motor in a Decoy frame would be my dream build.
Sign me up bro
- Thread starter
- #46
According to the podcast there is a prototype
If anybody has seen it, unlikely they would be able to talk about it yet.
Did the podcast mention when it might be scheduled for launch?
Goff
Active member
No
Brilliant.
- Thread starter
- #50
The interviewer said he saw a prototype and Markus said it would come "soon". It sounded pre planned to generate curiosity.
E-MAD MALC
Well-known member
May i ask why you got bought out and was it worth 35 years of effort
I'm in the same situation at the moment
A small software company is nothing like a global business like YT. Jus' saying'...
E-MAD MALC
Well-known member
Was it a small software company ?
Annual turnover was small beer when compared to YT, but the same principles apply. Just sayin'.
Perhaps. I assume whatever deal or contract YT had with Bosch was under the old entity anyway.
Perhaps YT thinks it's better just to move over to DJI than try and negotiate something new with Bosch. It seems Bosch like to lock manufactures into multi year deals and pre agreed order volumes. DJI might be more flexible in that regard.
Really? You had global supply chains that required orders years in advance? You had to deal with global shipping both inbound and outbound? You had to guesstimate the direction the industry would take taking into account the lead times involved?
At a most basic level the same principles apply; cash in has to be greater than cash out, but that's where the similarities end.
Whatever ‘deal’ the old YT had with Bosch, it would be natural for them to be reluctant to bend over again to supply the new YT.
It’s actually difficult to see what YT owed to who due to the German ‘pre bankruptcy’ procedures, but the publicly available info from Gov.UK showed they owed a lot of money to employees, HMRC and numerous suppliers, as well as a good chunk to YT GMBH. (Statement of Affairs PDF)
YT-INDUSTRIES UK LTD filing history - Find and update company information - GOV.UK
YT-INDUSTRIES UK LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity
find-and-update.company-information.service.gov.uk
That’s just the tip of the spear obviously, there’s very little public information available, YT was formed of many companies, but suppliers will understandably be very cautious about entering into business with the phoenix company, or likely offer less than favourable terms if they do.
We should also credit DJI with some sense, they will be as diligent as anybody if a large order for Avinox motors and batteries lands on the desk, but as ever with these things time will tell.
I hope they do come back as the stand up, standout bike company they were before the new/old owner sold it to a Private Equity setup, seems unimaginable he didn’t know what would happen next, Floasman is many things but stupid isn’t one of them.
You just summed up my life drinking Guinness in France.
Lencho
Member
The sole survival choice YT has, IMO.
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