Info Aqualung Financial Troubles

[Mobulai]

Care to elaborate?

Don’t know much about it except what cane up in that thread, nor many other examples — just the one, the TBP:

I have the TBP on my 82X (a heavy reg) and on my 28XR. It's really quite ingenious (though not completely new - the Dacor Extreme had a plastic oring sealed sleeve piston that acted the same way).
View attachment 884828
In any case, this floating piston head acts like the diaphragm, sealing against a smooth inner sealing surface just like a piston reg. The pin that opens the valve is connected to the piston head, and the seal above is a similar floating piston-head-like device that accepts the load of the environmental seal. Connecting the two together maintains the alignment of the sealing piston head that substitutes for the diaphragm.
Thus you have a dry-sealed reg with all the advantages of a diaphragm (crisper lockup for longer) but no constantly flexing diaphragm.
Time will tell if the oring seal does better than the diaphragm, but at least no more of these:
View attachment 884720
View attachment 884721
Mares has tested the 28XR to 200m.

Maybe Mares' purchase of the corpse of Dacor finally paid off with something other than headaches and bad feelings.

I'm picturing an engineering intern being told to go through a bunch of boxes that were dumped off in 1998 (before he was born), seeing the testing docs on the Dacor Extreme and thinking, "You know. With a little work we might just have something here."

There’s an example where this backfired, Head buying Revo and making the Mares Horizon based on it — horrible piece of ewaste
Thankfully Revo is still alive and well

 

[iain/hsm]

Head Sports Holdings have just splashed the cash from the new office at the Bon Bini Business Centre. Located at Willemstad Curaçao

Bon Bini Business Center – Office Rental Space In Curaçao

bonbinibusinesscenter.com

 

[iain/hsm]

Head Sports Curaçao just made a 5,000,000 GBP loan to Apeks to make up for the 5 million GBP loss Apeks Marine made last year.

This is Gerald Skrobanek second move on the board of one at Apeks.

Never a dull moment LOL
For the details of the loan for reference you understand is enclosed below.
The NDA agreements will soon not be worth the paper they are written on.
Just Saying.

 

[cerich]

Patents acquired (and implemented)

Lol, no

 

[cerich]

What was that ROI from the DACOR deal for Mares in the US, other than expanding the Mares dealer network?

It was market share in a market that Mares hardly had any, it allowed them to piggy back on Dacor, and not in the channels of the mom and pop dive stores so much either.

Anyhow, ancient history

 

[Mr_C]

There’s an example where this backfired, Head buying Revo and making the Mares Horizon based on it — horrible piece of ewaste
Thankfully Revo is still alive and well

Agreed it does not seem to have been worth the investment. While the Horizon was not a great move it gave me hope that the rEvo itself was going to get some major upgrades. But beyond allowing the Shearwater Nerd instead of the Dreams, Mares 1st stage regs and most recently a new backplate - it is still the same unit. Flip side is it is a solid machine and hard to improve.

 

[lowwall]

Head Sports Curaçao just made a 5,000,000 GBP loan to Apeks to make up for the 5 million GBP loss Apeks Marine made last year.

This is Gerald Skrobanek second move on the board of one at Apeks.

Never a dull moment LOL
For the details of the loan for reference you understand is enclosed below.
The NDA agreements will soon not be worth the paper they are written on.
Just Saying.

Hmmm. Is this just a way to ensure Head ends up with everything of value (factory and intellectual property) if Apeks enters bankruptcy?

If so, it certainly gives Head leverage in negotiating with any of Apeks' current creditors.

 

[BoltSnap]

Anyhow, ancient history

It is being repeated now but at a grander scale lol

 

[cerich]

Hmmm. Is this just a way to ensure Head ends up with everything of value (factory and intellectual property) if Apeks enters bankruptcy?

If so, it certainly gives Head leverage in negotiating with any of Apeks' current creditors.

dude, apeks was in, what is this "if" ?

Now head owns and is operating as a separate business unit so rightfully loaned the money instead of investment. It's a normal hedge.

The creditors that held Apeks IP.. no longer does.

 

[lowwall]

dude, apeks was in, what is this "if" ?

Now head owns and is operating as a separate business unit so rightfully loaned the money instead of investment. It's a normal hedge.

The creditors that held Apeks IP.. no longer does.

"Was" is the operative word here. I'm wondering about the future.

Specifically, I'm wondering about the circumstances under which this would be enforced. Did you read the agreement? Head Group already owns Apeks. So why the need to set it up so one of their subsidiaries can grab the real estate and trademarks?

The only things I can think of is either to keep these properties out of the hands of the court in a future bankruptcy proceeding or to use the threat of this as leverage in negotiation with any remaining creditors.

Or maybe it's so loaded with debt that it has a negative total value and they are going to cut it loose somehow. This would then ensure that they'll either get their money back from whomever gets it next or, again, they'll get the most valuable bits if it gets liquidated.