Keisler Engineering
Team Owner
Joined: Oct 2000
Posts: 38,897
Likes: 1,915
From: Washington Michigan
Instructor
Joined: Aug 2013
Posts: 159
Likes: 3
From: Swansea Illinois
And those unsecured creditors are all the people that put a down payment or even full payment and got nothing for it, the people around you in this forum who did nothing wrong but if you read through some of the messages are out in some cases over $4000.00. So which of them or the people on this forum that know of this will ever buy from them, not a very good business model for reopening a business.
Team Owner
Joined: Aug 2007
Posts: 58,061
Likes: 7,141
Army
There should be a college case study of this for some MBA program somewhere.
Keisler had a solid offering in a niche market with a relatively high barrier-to-entry by competitors with a dedicated customer base and a profitable price point on the product line.
I chalk it up to mis-management. I'm truly sorry for those that might lose money on the whole debacle....and almost as bad is that they won't get a desirable upgrade in their cars.
Keisler had a solid offering in a niche market with a relatively high barrier-to-entry by competitors with a dedicated customer base and a profitable price point on the product line.
I chalk it up to mis-management. I'm truly sorry for those that might lose money on the whole debacle....and almost as bad is that they won't get a desirable upgrade in their cars.
Team Owner
Joined: Mar 2003
Posts: 26,118
Likes: 1,871
From: Greenville, Indiana
I am having trouble seeing why anyone would send $4000.00 to them and not get a piece of promised merchandise in return?
You don't have to be an MBA to figure that one out!!!!!!!!!!!
You don't even have to have an MBA to conjure up a scheme like that!!!!!!
You don't have to be an MBA to figure that one out!!!!!!!!!!!
You don't even have to have an MBA to conjure up a scheme like that!!!!!!
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Team Owner
Joined: Aug 2007
Posts: 58,061
Likes: 7,141
Army
The MBA remark was not about "conjuring up a scheme" it was in the context of analyzing a business failure based on a seemingly viable model.
You went wide of the mark on your interpretation.
Melting Slicks
Joined: Aug 2012
Posts: 3,487
Likes: 83
From: Titusville Florida
I couldn't agree more, he made me assurances and promises right up to the time he filed for BK, that should be criminal. I'm wondering if I can't go after him personally for misleading me knowing he was going under no matter what. Just a couple of weeks ago when I changed my order to an upgrade he offered those of us whom have been waiting a while he told me I'll be really happy with my upgrade and decision, all the time knowing he was closing his doors.
Drifting
Joined: Oct 2003
Posts: 1,792
Likes: 107
Likely only Shafi's lawyer and his accountant knew about the filing. Explains business as usual until the very end.
From the creditor list... It confirms that he tried to keep the business running on deposits. It may have been better to downsize and slow down.
Bottom line, whatever you think of their business practices, we've lost a product many of us wanted. Sad to hear.
Harry
From the creditor list... It confirms that he tried to keep the business running on deposits. It may have been better to downsize and slow down.
Bottom line, whatever you think of their business practices, we've lost a product many of us wanted. Sad to hear.
Harry
Team Owner
Joined: Aug 2007
Posts: 58,061
Likes: 7,141
Army
That takes engineering, R&D, prototyping/testing and a non-trivial outlay of money. That's why there are only a handful of companies that offer equivalent products and not 100's...
As to better components - personal choice. There are certainly a ton of folks on here that went with Keisler.
Instructor
Joined: Aug 2013
Posts: 159
Likes: 3
From: Swansea Illinois
Deposit refund
For those of you that lost money a few things to do now, call your credit card and file a claim, you only have 60 days from the day it was billed, credit card companies are different from normal creditors they have a special agreement with the vendors so can get money before you will and most will refund it even if they don't get it all.
Second go to the court handling this and file a claim, you may be on the list of creditors but to get anything you must file a claim.
Good luck.
Second go to the court handling this and file a claim, you may be on the list of creditors but to get anything you must file a claim.
Good luck.
Instructor
Joined: Jul 2011
Posts: 135
Likes: 0
From: Mountain Springs Texas
What I find entertaining is that Shafi has been logging on here regularly since the news broke. Sort of like returning to the scene of the crime...
I can't imagine he is gone forever from the transmission business. I wonder if the IPR belonged to him personally or the company.
Credit card company told me that since they have already paid the money to Keisler the likelihood of getting anything on the chargeback is essentially zero...
Don
I can't imagine he is gone forever from the transmission business. I wonder if the IPR belonged to him personally or the company.
Credit card company told me that since they have already paid the money to Keisler the likelihood of getting anything on the chargeback is essentially zero...
Don
Instructor
Joined: Aug 2013
Posts: 159
Likes: 3
From: Swansea Illinois
Maybe not Shafi but someone with access to that account,.
Screw over all these people, knowing what was happening and still monitor the forum... returning to the scene or coward?
Thinks like this happen to companies, it is the way this happened.
Race Director
Joined: Jun 2006
Posts: 17,901
Likes: 750
From: Inverness FL
St. Jude Donor '07
Instructor
Joined: Aug 2013
Posts: 159
Likes: 3
From: Swansea Illinois
Look at his account profile: (You can click on his link above his avatar in any response he did or here is the direct link).
http://forums.corvetteforum.com/memb...utomotive.html
Go to Right hand column and click on the link that says Show all Statistics (Right under his logo)
Then look at the General Information section.
http://forums.corvetteforum.com/memb...utomotive.html
Go to Right hand column and click on the link that says Show all Statistics (Right under his logo)
Then look at the General Information section.
Last edited by irelandr; Jan 19, 2014 at 12:00 PM.
