Ron Earp
Admin
Dear Forum Members,
It is with great regret that I must inform you of a potential situation of which I have recently become aware. Best I can tell, from the data that I can gather from various friends and contacts around the globe, it appears that Roaring Forties may be insolvent. Furthermore, bankruptcy proceedings may be underway with the company as near as I can tell.
The agents of Roaring Forties, Hershal Byrd, Jerry Jansing, and Rick Chattel, knew nothing of these happenings. In fact, I was alerted to something being amiss with the rather cryptic post on the forum from CAV on March 8th, an hour or so before I arose. Shortly thereafter I received a call from an RF agent asking if I knew anything about the post, and, unfortunately I did not. However, due to forum contacts, friends in the US, the UK, South Africa, and Australia a picture slowly emerged throughout the day as I received many phone calls and emails from various individuals.
I have not spoken directly to Robert Logan about the situation. However, RF agents have done so and they indicate that the information I have just posted is accurate to their limited knowledge. It is my understanding that Roaring Forties, Robert Logan, and agents cannot discuss the matter.
Therefore, I wish it known that I am not posting on their behalf, I am posting on my own accord. One of the main reasons I started and became involved with a GT40 forum was to try, as best I could, to make information about the industry open to all and not just a select few in the know.
I know this is a severe shock for a great many forum members that have cash deposits on Roaring Forties turnkey cars and kits. I myself have had well over a 50% deposit for one of the cars since February of 2005 and I am afraid that my, and quite possibly everyone else's, deposits may be lost. RF agents also had large sums of money invested in obtaining the cars and are heavily affected as well.
Personally, this is a sad revelation for me which officially ends my hopes of owning a GT40 replica. I brought in the second RF in the country in 2000, hoping to own and drive a GT40, and six years later it is still not to be. And, it is stunning blow to all of us that have money tied on Roaring Forties cars from various sources with similar stories to my own. I wish I knew more information about the situation, but right now I do not. I am using contacts in Australia to gather more information and I will be open and forthcoming with anything that I learn. I'm sure that the agents from RF will communicate directly with customers, but bear in mind they were as shocked as I was. Again, this post is to the best of my knowledge but I would not post it here if I didn't believe that it was true.
Regards,
Ron
It is with great regret that I must inform you of a potential situation of which I have recently become aware. Best I can tell, from the data that I can gather from various friends and contacts around the globe, it appears that Roaring Forties may be insolvent. Furthermore, bankruptcy proceedings may be underway with the company as near as I can tell.
The agents of Roaring Forties, Hershal Byrd, Jerry Jansing, and Rick Chattel, knew nothing of these happenings. In fact, I was alerted to something being amiss with the rather cryptic post on the forum from CAV on March 8th, an hour or so before I arose. Shortly thereafter I received a call from an RF agent asking if I knew anything about the post, and, unfortunately I did not. However, due to forum contacts, friends in the US, the UK, South Africa, and Australia a picture slowly emerged throughout the day as I received many phone calls and emails from various individuals.
I have not spoken directly to Robert Logan about the situation. However, RF agents have done so and they indicate that the information I have just posted is accurate to their limited knowledge. It is my understanding that Roaring Forties, Robert Logan, and agents cannot discuss the matter.
Therefore, I wish it known that I am not posting on their behalf, I am posting on my own accord. One of the main reasons I started and became involved with a GT40 forum was to try, as best I could, to make information about the industry open to all and not just a select few in the know.
I know this is a severe shock for a great many forum members that have cash deposits on Roaring Forties turnkey cars and kits. I myself have had well over a 50% deposit for one of the cars since February of 2005 and I am afraid that my, and quite possibly everyone else's, deposits may be lost. RF agents also had large sums of money invested in obtaining the cars and are heavily affected as well.
Personally, this is a sad revelation for me which officially ends my hopes of owning a GT40 replica. I brought in the second RF in the country in 2000, hoping to own and drive a GT40, and six years later it is still not to be. And, it is stunning blow to all of us that have money tied on Roaring Forties cars from various sources with similar stories to my own. I wish I knew more information about the situation, but right now I do not. I am using contacts in Australia to gather more information and I will be open and forthcoming with anything that I learn. I'm sure that the agents from RF will communicate directly with customers, but bear in mind they were as shocked as I was. Again, this post is to the best of my knowledge but I would not post it here if I didn't believe that it was true.
Regards,
Ron