![carver cm-1090 wont power off carver cm-1090 wont power off](https://i.ebayimg.com/images/g/SFAAAOSwEOhfxb91/s-l300.jpg)
I knew Carver didn't have a legal leg to stand on, and the landlord would indeed prevail and shut the doors. I was informed the landlord was in the process of acquiring a court order allowing him to padlock the building. The primary lending bank had informed Carver it would seize all remaining assets unless the outstanding loan balance was immediately paid in full. Carver retained a few factory Representatives in name, but these were ineffective and without action.
#Carver cm 1090 wont power off series
Through a series of disastrous sales and marketing tactics, Carver had angered its Dealers, who had resigned the line in droves. Carver did have roughly $1 million in lawsuits, $1.6 million in unpaid bills, and a practically nonexistent Dealer network. Carver had no money, no employees, no plan, no technology, and no manufacturing. I was witnessing the complete and unmanaged collapse of the company, like an imploding star, into an uninhabited black hole. My Carver was a thriving, bustling place. It was as if everyone had just left on a moment's notice. There were empty desks, empty cubicles, blackboards with writing on them, and no one around. The assembly line had been shut down and the workers had gone. They had managed to develop a negative net worth of over $1,000,000. Carver Corporation literally had a mere seventeen dollars in the bank. Empty! This was the state of affairs at Carver when the Board of Directors finally called me.
![carver cm-1090 wont power off carver cm-1090 wont power off](https://www.universal-radio.com/used/UA41Crear.jpg)
What used to be a beautiful city was shown with only the wind blowing through a dusty and empty town, and only the occasional tumbleweed rolling along deserted streets.
#Carver cm 1090 wont power off movie
Carver Corporation reminded me of the 1950's science fiction movie in which an H-bomb has been dropped on New York. By the end of 1998, Carver had spent all its money and then some. (Sunfire is at this time privately held.)īack to Carver. If all goes well, and that's a big if, I intend to combine Sunfire and Carver approximately 15 months from now, thus forging a larger and stronger public company. Sunfire's growth has been strong, with sales revenue nearly doubling each year.
![carver cm-1090 wont power off carver cm-1090 wont power off](https://www.sportgardena.com/media/image/1d/b9/e1/scala-20.jpg)
In the meantime, I founded a new company, Sunfire, salted it with two inventions and a small capital infusion, and off it took. I shared my plan, yet the Board wanted nothing to do with me. I repeatedly asserted that I could stanch the losses in excess of $3,000,000 per year and put the company on solid footing. As the years trolled by and the company's valuation trickled away, I made it clear that I was always available to help. Since then I've watched from afar as a once proud company has gone down. I became only a figurehead at the company I founded, and after watching the actions of the Board from up close (more on this later), I decided enough frustration was enough and I left. The Company intends to reorganize for the long-term success of the Carver brand name, profitability for shareholders and quality audio product for its faithful customers.ĬONTACT: Carver Corporation, Bob Carver, (425) 335-1978Ĭarver web site (April 2001): Message from Bob Carver, Date unknown As you may know, I lost control of the Board of Carver many long years ago, 1987 to be exact. The Board of Carver Corporation found it necessary to seek protection under federal bankruptcy laws in order for the Company to move ahead and reestablish itself as a viable entity in the marketplace. Carver, the founder of the Company and former CEO, stepped in to take over. Subsequently, at the invitation of the Board of Directors, Robert W. In October of 1998, the Company ran out of working capital and laid off the remainder of its workforce. These actions created the prospect of an inequitable distribution of payment to creditors and prevented the Company from being able to operate as a functioning business entity. The cause of the filing was an accumulation of unpaid debt and resulting legal actions filed by creditors. SEATTLE, WA, - Carver Corporation today announced that on Wednesday, it filed a voluntary petition under Chapter 11, in United States Bankruptcy Court for the Western District of Washington.