EBR Sale Scheduled

[mriulvr]

I say they get bought by some random completely unrelated company.

If the reports are correct, heagachongoose was displaying some fortune telling skills.

 

[heagachongoose]

Atlantic metals group have acquired the EBR assets.

 

[GregoXB]

So what is a company like that going to do? Melt down and sell the metals?

 

[AZmidget91]

Could just be the company funding someone with a business plan...

 

[Hughlysses]

No, the poster said the company will be kept as an on-going concern, i.e.- still building motorcycles.

 

[Gloomshadow]

"Atlantic Metals Group" may be another word for "Erik Buell and his friends"... once Hero gave back the 49% of EBR, its debt was probably not that big. Maybe he and some guys formed a company and placed a bid on it?

 

[BambamXB12r]

Let's just hope he keeps building bikes and can operate as a successful business while doing it.

 

[Yodes89]

Let's just hope he keeps building bikes and can operate as a successful business while doing it.

I surely hope so as well. I might be a new Bueller, but I'm loving what I've been introduced to and hope that I can grow as a rider on an American sport bike :eagerness:

 

[mrlogix]

Alantic Metals is a metal supplier to industrial customers and has a subsiderary of US-HP. The CEO of which is Demetri Melekos, a personal friend of Erik. Sounds like Erik got a Greek to give Hero a trip around the isles without a reach around. LMFAO.

 

[mriulvr]

The CEO of which is Demetri Melekos, a personal friend of Erik.

That has to be some great news. A CEO, a friend of Erik's, and from the sound of it a group who is into motorcycles. Sounds like a good combination.

 

[Gloomshadow]

Yeah I think he has some kind of association with the "Von Dutch" brand and custom choppers.. this could be something cool.. lets see what they do.

 

[Hughlysses]

Demetri Melekos posted that there were 3 bidders. I'm kind of thinking maybe they were all somehow associated because Demetri seems very happy with the outcome of the auction even though his company apparently didn't win the bidding.

 

[Gloomshadow]

so it isn't Melekos that got it?

 

[Hughlysses]

Demetri's posts on Erik's page on FB seem to say that he did not. He first posted that "the Belfer Group" bought EBR, then Bruce Belfer posted that that was incorrect, "the Atlantic Metals Group" had bought it and Demetri changed the post. It sounds like they're both good with the way things turned out.

Hopefully this will all be made clear tomorrow or shortly after.

 

[Gloomshadow]

a little bird told me that EBR is in real good hands now...

 

[Hughlysses]

I finally found a listing for Atlantic Metals:

http://www.bizapedia.com/nj/ATLANTIC-METALS-GROUP-LLC.html

They're in Farmingdale, NJ which is where Belfer is located.

 

[GregoXB]

If it's in the Tristate area, we are good.

 

[theshinenz]

what makes people think that dealers will hold any confidence in the company now though, im not a dealer but if i was i would think twice about investing in stock with this history. Id say alot of dealerships will pull the pin on EBR unfortunately. Some will have had floor stock they cant move for the past few months, this Im sure would make them unhappy.

 

[BambamXB12r]

Give it a little time, let the dust settle and let his bikes keep winning races. There will be a customer base in no time. People like what works and wins.

 

[mrlogix]

^^ Now is when they can finally get back to business. Yes, there was damage done and they will have lost some people, but he (Erik) has overcome this kind of setbacks before. Hero screwed him. At least it is beginning to sound like they didn't totally blindside him this time.