Originally Posted by Mikej (Post 2323174)

Yeah, and Grant is over across the street bashing companies who do business the military...

Originally Posted by Mikej (Post 2323174)

Yeah, and Grant is over across the street bashing companies who do business the military...

Originally Posted by peanutgallery (Post 2322118)

Would be much more willing to provide him with a gift certificate for the services of my accountant. Every few now and again we have to revisit how money works, it's never a fun conversation.

As an idle curiosity, I too am curious as to how $215k in gift certificates for life gets carried around on the books? It's a liability that will float around year after year, can you really spend it or does it have to be set aside and restricted and when do you eventually get taxed on it? How does it affect your credit with vendors? The California Dept of Revenue audit should be interesting as it will definitely be a line item that draws attention

Good luck to Ross and I hope he learns/adjusts as Rivendell/Bridgestone has quite a history in the biz and is better with the market

For the record, the MB-0 was a POS, irregardless of wheel size don't attempt that again. The the MB-1 and MB-2 were much better bikes as far as spec and construction. The MB-0 was made of tubing that was way too thin/flexy and came with pin holes in the welds...stock, it's probably the reason Ross hates go fast bikes to this day. Also had a bunch of weird mavic parts that were proprietary as far as crank lengths and stuff like that. It took me several tries to get an MB-0 that was sufficient to actually ride. MB-1 and MB-2 were the way to go

Originally Posted by peanutgallery (Post 2322118)

Would be much more willing to provide him with a gift certificate for the services of my accountant. Every few now and again we have to revisit how money works, it's never a fun conversation.

As an idle curiosity, I too am curious as to how $215k in gift certificates for life gets carried around on the books? It's a liability that will float around year after year, can you really spend it or does it have to be set aside and restricted and when do you eventually get taxed on it? How does it affect your credit with vendors? The California Dept of Revenue audit should be interesting as it will definitely be a line item that draws attention

Good luck to Ross and I hope he learns/adjusts as Rivendell/Bridgestone has quite a history in the biz and is better with the market

For the record, the MB-0 was a POS, irregardless of wheel size don't attempt that again. The the MB-1 and MB-2 were much better bikes as far as spec and construction. The MB-0 was made of tubing that was way too thin/flexy and came with pin holes in the welds...stock, it's probably the reason Ross hates go fast bikes to this day. Also had a bunch of weird mavic parts that were proprietary as far as crank lengths and stuff like that. It took me several tries to get an MB-0 that was sufficient to actually ride. MB-1 and MB-2 were the way to go

Originally Posted by Ken Robb (Post 2323471)

Grant who? I don't think the Grant Petersen I know would bash anyone.

Originally Posted by hokoman (Post 2476381)

Just bringing this to the front because I received an email about their 'slow' holiday and encouraging people to buy $20 gift certificates with a sob story. I don't know how they raised that much funding the first time around - what's that saying? fool me once...

The bike industry has changed and we've watched a lot of shops close shop. They need to change their business model (I get it, it's easier to say than do), or we're going to get the same email in 6 months... Best wishes to them.

Originally Posted by hokoman (Post 2476381)

Just bringing this to the front because I received an email about their 'slow' holiday and encouraging people to buy $20 gift certificates with a sob story. I don't know how they raised that much funding the first time around - what's that saying? fool me once...

The bike industry has changed and we've watched a lot of shops close shop. They need to change their business model (I get it, it's easier to say than do), or we're going to get the same email in 6 months... Best wishes to them.

Originally Posted by charliedid (Post 2476387)

I just read the email too....and Unsubscribed.

I've been a fan since Bridgestone but I'm tired of the begging and complaining.

Grant needs to figure out a different model, bring on a partner or throw in the towel.

I'm out.

Originally Posted by Buzz Killington (Post 2476418)

Have no fear, that baby carrying bike will be their savior.

.