#21
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Agreed--most likely forced to sell company
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Clearaudio Ovation with Tracer Dynavector KARAT 17DX Naim Uniti Core Schiit Yggdrasil McIntosh C22/MC275 Wilson TuneTots B&W DB3D Nordost QKore/QBase/Frey 2 Transparent Super IsoAcoustics GAIA II Stax SR-009S with SRM-700T |
#22
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Either someone or some entity with deep pockets will buy the company and try to make a go, or ARC will file Chapter 7 or 11. In my opinion the company will not survive as is. The most viable surviving asset is the repair end and a new concern devoted to repair of ARC equipment could be profitable long term.
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Wilson Alexia V; ARC Ref 6SE; ARC Ref Phono 3SE; Boulder 1160; Esoteric K1X; Artisan Fidelity Garrard 301 Statement; Ikeda 407; Koetsu Leopard, Coralstone; Shunyata Denali 6000T; Shunyata AC cables; Siltech Prince speaker cables; Siltech Princess interconnects, Avondale II phono. |
#23
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ARC makes high quality, distinctive products; designing and building those products are what really gives the company value, imo. While I have no source of inside info (other than the court filings, which are becoming more extensive), it looks to me like ARC's problem has been poor management. That's something that can be remedied.
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Primary sources: VPI TNT III/SDS turntable, SME-V arm; Bryston BDP-3 digital player; Bryston BDA-3 DAC; McIntosh MVP-881 disc player; McIntosh MR-80 tuner. Preamplifier Audio Research Ref 5SE; Audio Research Ref Phono 2SE; Moon 430 HA. Amplifiers Conrad Johnson Premier 1B; Audio Research D-300; Bryston 4B. Speakers Infinity IRS Beta. Recorders Tandberg TD20A; Crown SX-822; Nakamichi 670ZX; Alesis Masterlink ML-9600. Power Tice Power Block/Titan (x2); McIntosh MPC1500; API Ultra II-20; multiple 20A derated dedicated lines. |
#24
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I'm sure that most have read about the local bank. The loan gives it the power to sell off parts of the company in order to recoup their losses plus attorney fees and interest. I hope that the bank will understand to value of ARC. It's an iconic brand. When you go to the website, the product line is very strong, even without the 320 mono. With it, the product line would be incredibly robust.
Best Charles
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__________________________________________ Charles Updated System: Wilson McIntosh Audioquest Amps: McIntosh: MC3500MKII (2); MC1.25KW (2); MC2.1KW An (1) Preamp: C-12000 An Sources: MCD12000 An; MVP881; MVP851; MR87; Marantz 510LV; ASUS laptop Speakers: Wilson Chronosonic XVX Sub-woofer: Wilson Thor’s Hammer; Wilson ActivXO Stereo Electronic Crossover Cables main system: AQ: WEL Signature speaker cables; 24’ balanced IC; balanced 1-meter Dragon IC ; WEL Signature digital coaxial cable; digital coaxial cable; Diamond optical (2); Diamond USB; Dragon power cords (5 HC cords and 3 source cords); Thunder HC power cord Cables subwoofer system: AQ: Redwood speaker cable; Wolf balanced subwoofer IC; Wind balanced IC from preamp to ActivXO; Hurricane HC (3); Hurricane Source (1); Dragon HC (1) power cords Power conditioners: AQ Niagara 7000 (1); Niagara 5000 (3); (4) dedicated 20-amp lines. Isolation: Wilson Pedestals; Bassocontinuo McIntosh Ultra Feet; X-material plinth Cabinet: Double Custom Woodwork & Design (CWD) Acoustic Treatments: Room and Echo Tunes |
#25
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That isn't consistent with the court filings, which are all online. The bank's filings suggest its only claim is with Trent Suggs.
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Primary sources: VPI TNT III/SDS turntable, SME-V arm; Bryston BDP-3 digital player; Bryston BDA-3 DAC; McIntosh MVP-881 disc player; McIntosh MR-80 tuner. Preamplifier Audio Research Ref 5SE; Audio Research Ref Phono 2SE; Moon 430 HA. Amplifiers Conrad Johnson Premier 1B; Audio Research D-300; Bryston 4B. Speakers Infinity IRS Beta. Recorders Tandberg TD20A; Crown SX-822; Nakamichi 670ZX; Alesis Masterlink ML-9600. Power Tice Power Block/Titan (x2); McIntosh MPC1500; API Ultra II-20; multiple 20A derated dedicated lines. |
#26
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Cleeds, here's my source of information. I'm not an attorney so I'm relying on the accuracy of the source which is STRATA-GEE.com:
What the Bank Wants Now "The bank is asking the court for two things: 1) That it enters a judgment of nearly $1.6 million against Audio Research Corporation and owner Trent Suggs, for the defaulted loan; and 2) That it further enter an order for replevin, a legal term that means the court issues an order that all collateral held by Audio Research Corp. and/or Trent Suggs that had been offered as security on the loans must be physically turned over to the bank." If this is true, I take it to mean that the bank can sell the collateral to satisfy the terms of the loan. The regional banking crisis could cause difficulty in finding a white knight. Best Charles
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__________________________________________ Charles Updated System: Wilson McIntosh Audioquest Amps: McIntosh: MC3500MKII (2); MC1.25KW (2); MC2.1KW An (1) Preamp: C-12000 An Sources: MCD12000 An; MVP881; MVP851; MR87; Marantz 510LV; ASUS laptop Speakers: Wilson Chronosonic XVX Sub-woofer: Wilson Thor’s Hammer; Wilson ActivXO Stereo Electronic Crossover Cables main system: AQ: WEL Signature speaker cables; 24’ balanced IC; balanced 1-meter Dragon IC ; WEL Signature digital coaxial cable; digital coaxial cable; Diamond optical (2); Diamond USB; Dragon power cords (5 HC cords and 3 source cords); Thunder HC power cord Cables subwoofer system: AQ: Redwood speaker cable; Wolf balanced subwoofer IC; Wind balanced IC from preamp to ActivXO; Hurricane HC (3); Hurricane Source (1); Dragon HC (1) power cords Power conditioners: AQ Niagara 7000 (1); Niagara 5000 (3); (4) dedicated 20-amp lines. Isolation: Wilson Pedestals; Bassocontinuo McIntosh Ultra Feet; X-material plinth Cabinet: Double Custom Woodwork & Design (CWD) Acoustic Treatments: Room and Echo Tunes Last edited by Charles; 05-08-2023 at 01:04 PM. |
#27
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Someone or some entity will purchase the company and attempt to make a go of it. For many of the reasons cited above there is value in the assets held by the company and in the Brand. This is not the first time a someone without the proper background overextended a company and drove it into the ground.
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#28
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That's the danger. That the assets will be sold, and quickly. The financial climate for small and regional banks is not good.
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__________________________________________ Charles Updated System: Wilson McIntosh Audioquest Amps: McIntosh: MC3500MKII (2); MC1.25KW (2); MC2.1KW An (1) Preamp: C-12000 An Sources: MCD12000 An; MVP881; MVP851; MR87; Marantz 510LV; ASUS laptop Speakers: Wilson Chronosonic XVX Sub-woofer: Wilson Thor’s Hammer; Wilson ActivXO Stereo Electronic Crossover Cables main system: AQ: WEL Signature speaker cables; 24’ balanced IC; balanced 1-meter Dragon IC ; WEL Signature digital coaxial cable; digital coaxial cable; Diamond optical (2); Diamond USB; Dragon power cords (5 HC cords and 3 source cords); Thunder HC power cord Cables subwoofer system: AQ: Redwood speaker cable; Wolf balanced subwoofer IC; Wind balanced IC from preamp to ActivXO; Hurricane HC (3); Hurricane Source (1); Dragon HC (1) power cords Power conditioners: AQ Niagara 7000 (1); Niagara 5000 (3); (4) dedicated 20-amp lines. Isolation: Wilson Pedestals; Bassocontinuo McIntosh Ultra Feet; X-material plinth Cabinet: Double Custom Woodwork & Design (CWD) Acoustic Treatments: Room and Echo Tunes |
#29
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That is why I am not optimistic. The financial issues must have been developing over at least the last 6-12 months. Solutions other than receivership or bankruptcy must have been at least considered prior to April 3, 2023. I hope that ARC can be sold to a sympathetic owner with deeper pockets, but it seems unlikely.
__________________
Wilson Alexia V; ARC Ref 6SE; ARC Ref Phono 3SE; Boulder 1160; Esoteric K1X; Artisan Fidelity Garrard 301 Statement; Ikeda 407; Koetsu Leopard, Coralstone; Shunyata Denali 6000T; Shunyata AC cables; Siltech Prince speaker cables; Siltech Princess interconnects, Avondale II phono. |
#30
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Quote:
__________________
Clearaudio Ovation with Tracer Dynavector KARAT 17DX Naim Uniti Core Schiit Yggdrasil McIntosh C22/MC275 Wilson TuneTots B&W DB3D Nordost QKore/QBase/Frey 2 Transparent Super IsoAcoustics GAIA II Stax SR-009S with SRM-700T |
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