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Discussion in 'Speak your Brains' started by Robbo, Jan 7, 2010.
I have little doubt this may be the case Pete .....
Thats Pete's scoop, not mine. I know both those guys well, and Opie very well. They are both 'company men' whom I respect. Opie can also party with the best of 'em, which earns him extra points. Maybe he can get the hell out of Canada now, and trust me, at this time of year he will be thankful for that.
While we are on the subject, there are, apparently, others less than happy with the remuneration that they have received since the changes at the top.
I'm sure you too can attest to how much the corporate face of Procaps has changed in the last few months.
Pete also hinted elsewhere at an individual holding some pretty strong cards in the hand that is European paintball distributorship, lets wait and see who may, or may not, get rivered in this game.
From what I hear its not remuneration per say but what some of the staff are owed in back payments
Wasn't procaps in trouble before they got taken over? And that was why they went to investment bankers in the first place.
Procaps problems go back to 2004. They had huge financial and legal issues with NPF who were their sole distributors, then they over reached with procaps direct as sales downturned.
Procaps issues are quite long running and nothing new in paintball. Didn't procaps take over diablo for exactly the same reasons?
Procaps never took over Diablo - they created and launched Diablo. Then after few years someone came along and said "hey I have a trade brand in paintball called Diablo and I'm gonna take you to the cleaners!!" (Maybe a slight exaggeration there but you get the idea)
Between Procaps and NPS a deal was struck to give 100% distribution of Procaps products to NPS and the brand Diablo. Under the agreement Dr Axxus was created leading to Draxxus and DXS branding.
The financial trouble you possibly refer to is when Procaps & NPS split under issues with alleged unpaid bills -that's when Richmond sold a share to the Investment bank, to raise the capital to rebuild the company. Which he did very succesfully with the help of their distribution network.
Procaps recent struggle is partly to do with the economic climate but from what I hear primarilly because of policy changes which mirror what Pete was saying about looking only at improving the bottom line without worrying what negative effect you have elsewhere - be that quality or customer perception / loyalty..
Lots of things happen in life that can be attributed to chance or circumstance but very things in the industry arena can be so easily written off.
Generally speaking, there are always gonna be reasons for why people do certain things or say certain things, the trick is, to recognize what's going on, or at least try to.
Now I ain't no business expert but I got a brain in my head and I been around a long time which gives me a fair amount of experience of the way people act.
Whenever people say something, either verbally or in print [or in email] that you know is wrong and at the same time, you also know the individuals behind that false statement also know it's wrong, then you can generally bet yer bottom dollar, something's afoot .... a smell starts to emanate from around that camp.
An email was recently sent out from Procaps to all its distributors telling them their terms and conditions were all up for review; and as part of that email, it was also stated there were no existing contracts between said distributors and Procaps ...... this is the statement that stinks because it is basically untrue ... and Procaps know it is ...so why state it?
Good question ....... either the Procaps people have become delusional and indulging themselves in fiction or there is some purpose in stating there are no existing distribution contracts [when in fact, there are] ...
But what purpose could there possibly be in stating a lie?
Hmmm.....well, to me, it kinda suggests they want someone else to see that email and believe there are no contracts ..
But what could possibly be the point in that?
Hmmm..... I'm no super sleuth but the only way you can gain anything out of this is if this 'other' person believe there are no distribution contracts then it looks as though the way is clear to maybe take over that distribution ......
Seems a short term mechanism to me and I'm not sure how it pans out when the consequent law suits come thick and fast but I'm sure the Procaps management team must have worked all that out ..... you'd think so anyway ....
The next question is, who on earth could be in the frame for fooling?
I mean, who are they trying to fool here?
The clue is in the sheer size of that distribution ... who the hell could handle it???
Is someone trying to clear the decks before selling?
or ... is someone trying to clear the decks to hand over distribution?
Hmmmm ....... I got my ideas ...... you guys got any, nooby noob, Missy??
PS Nooby noob, decloak please, or at least pm me ....
Nooby, yes you are right I remember now, there was some weird gun NPS had been buying in and selling as a Diablo and so they grabbed Diablo off Procaps.
I'm sure there was some company procaps swallowed up but my mind doesn't remember things the way it used to and often makes things up to confuse me.
Procaps swallowed American Paintball Supply
Gino (NPS) trademarked a pump gun back in the day, called the Diablo, and then sued Procaps when they used that name as their brand years later.
Thanks Missy-Q for providing my missing brain power.