Joe Rocket gone?

[GAMEDIC]

Rumor I heard is that Joe Rocket defaulted on paying riders and has declared bankruptcy.

The assets, or maybe inventory, has been bought by a distributor that had a huge amount on hand.

Then there is the info on Road Racing World with Mladin signing with them....hmmm, this will be interesting.  Maybe they are just pulling the name to another country.

100% not true i just got off the phone with Sullivans which is the ONLY dist. of Joe Rocket in the US and there is no truth to this at all the part about Hayden is true he has left them but they just singed Mladin so i do not know where you heard this but you can tell whoever told you this they are full of it ;D

[Nate R]

Yeah, that's what I've been hearing, too. Their parent company is very well, financially, so this doesnt add up.  ???

[GAMEDIC]

Yeah, that's what I've been hearing, too. Their parent company is very well, financially, so this doesnt add up.  ???

that is why i said what i said..i called them and it is not true at all

[james-redsv]

Dont you just love BS being spread by people who really dont know anything. ;D

[lonewrench]

hers the deal from inside the industry as i hear it,un officially.joe rocket was having there product produced in one country and then telling the customs people it was coming from another in order to save on import taxation.aparently the differance between the two countries was large enough to lets say get shady over the deal.from there i understand that the goverment has or is building a case against them fro tax reasons pertaing to the manufacturing issues.i know that one distributor of the stuff was approached by the owners of rocket and asked to invest in the company,when they started turning rocks over that swhat they found.

[GAMEDIC]

i'm wondering where you heard this Dave?

[Super Dave]

Sullivans...yeah, that's the name that I heard the is buying it all up and keeping it going.  There stake is too high.  Makes sense.

Where'd I hear it from...sorry, that I won't say.  Kind of like a lot of things I do with people...it's in confidence that I don't reveal sources, or who I'm selling what  fuel to.

[GAMEDIC]

Sullivans...yeah, that's the name that I heard the is buying it all up and keeping it going.  There stake is too high.  Makes sense.

Where'd I hear it from...sorry, that I won't say.  Kind of like a lot of things I do with people...it's in confidence that I don't reveal sources, or who I'm selling what  fuel to.

Ok well whoever told you that is not telling the truth i deal with sullivans all the time and that is who i asked abotu this rumor and they said that nothing like that is not true and even more that Joe Rocket was # 1 right now

[Super Dave]

That's fine.  They can be number one.  They can have their leathers produced outside the country or what ever. Regardless, my source is reliable.  Really doesn't change what I believe is potentially true.  

Doesn't change the fact that Nicky Hayden IS out of his contract.  He had an ownership stake in the Joe Rocket.  If things have changed...

[Burt Munro]

Would make sense that if Sullivans had a major investment in JR inventory that they may not want to show all their cards.  

If JR is in the process of refinancing and/or working out a sale to another company, better to maintain as much confidence in the product until final details are worked out.

Rick

[GAMEDIC]

That's fine.  They can be number one.  They can have their leathers produced outside the country or what ever. Regardless, my source is reliable.  Really doesn't change what I believe is potentially true.  

Doesn't change the fact that Nicky Hayden IS out of his contract.  He had an ownership stake in the Joe Rocket.  If things have changed...

Well there are reasons that Hayden has left... pick up the phone and call sullivans...they will be happy to tell you

[r6_philly]

I wouldn't expect Sullivans to tell you anything except "joe rocket is doing great" even if Joe rocket's bankrupcy papers are pending in court right now.