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-   -   is Swiftech insolvent ? (http://forums.procooling.com/vbb/showthread.php?t=12317)

Cathar 10-29-2005 03:00 PM

Quote:

Originally Posted by greenman100
pretty sure that is not Cathar's main source of income

At last measurement, it amounted to <1% of our household's annual gross income. Certainly nothing we'd particularly notice, or weep over the loss of, if it suddenly disappeared. I am happy to disclose such though.

Seems to me that Lothar5150 is the one who should be watching what is said, as he represents a financial interest who would directly stand to benefit from increased market-share if Swiftech were to disappear. Here he is here, happily joining in on an anti-Swiftech sentiment, attacking anyone who is associated, regardless of how minor.

...and he's the one slinging mud? How transparent is he, I ask, and how stupid does he think to take the readers of Procooling for? There seems to be asolutely no low to which Lothar5150 will sink, and this has always been my main beef with him. "Bottom-feeder" is what I hear him referred to as by some in the industry.

Go on Lothar. Continue to dig the hole of public contempt. I would imagine that this thread represents some pretty tasty slime on the rocks of business fecal fallout for you to feast on. You certainly seem to be enjoying yourself.

Lothar5150 10-29-2005 03:05 PM

Joe did you put this in your sig ;)

"and for the rude and obsessive there is procooling"--BillA

BTW I'll have a Samuel Jackson

Lothar5150 10-29-2005 03:15 PM

Cathar

All projects currently on my company’s slate are OEM and military projects. Potentially the largest project is a product for military and it has absolutely nothing to do with thermal management.

Cathar 10-29-2005 03:20 PM

Quote:

Originally Posted by Lothar5150
Potentially the largest project is a product for military and it has absolutely nothing to do with thermal management.

Potentially, as in not a source of income yet. Gonna have to do better than that to extricate yourself from your warm little nest of droppings.

A bottom-feeder, and a bad liar too.

jaydee 10-29-2005 03:34 PM

1 Attachment(s)
Damn it Joe, when you going to add the popcorn smilie? :D

Lothar5150 10-29-2005 04:03 PM

Quote:

Originally Posted by Cathar
Potentially, as in not a source of income yet. Gonna have to do better than that to extricate yourself from your warm little nest of droppings.

A bottom-feeder, and a bad liar too.

The OEM project my company just complete is a source of income. The humor of the OEM is that I was the only one in the industry who had enough professional credibility and personal integrity to get it.

I take great exception to being called a liar, care to qualify that statement.

superart 10-29-2005 04:26 PM

As long as we're going off topic here,

Quote:

Originally Posted by maxSaleen
Off Topic:

...

I am not for capital punishment, but I do not believe that certain people should be allowed to live. I'm talking about terrorists here.

I am not for the eating of doughnuts, but I do not believe that certain pastries should be allowed to go undigested. I'm talking about the jelly-filled here.



Quote:

Originally Posted by UNDERBITE
I think what I am shocked about is the gross sales volumes, when I sold real estate I had occasion to sell a couple of small bussiness. The little corner deli's would gross about a 750k-1.3 mill with net profit 200-400k.

Thats not net profit 200-400k, thats net profit 200-400k as far as the IRS is concerned.

BillA 10-29-2005 04:47 PM

I need to engage Ben to manage my next career change

Cathar
you and another asked the question whose answer can be deduced by postulating the conditions for a win-win for me

do you guys like marketing ?

Etacovda 10-29-2005 06:50 PM

Quote:

Originally Posted by superart
As long as we're going off topic here,


I am not for the eating of doughnuts, but I do not believe that certain pastries should be allowed to go undigested. I'm talking about the jelly-filled here.




Thats not net profit 200-400k, thats net profit 200-400k as far as the IRS is concerned.

indeed
these statements/pdfs seem heavily doctored to me - unless im reading them totally wrong (quite possible, didnt pay too much attention) - but wages paid to date are only $46ishk, and swiftechs site says they employ 20 people - hell, even 3 people at a distinctly average wage would be much, much less than that... or am i reading it wrongly, how is this done in the US?

flatline 10-29-2005 06:53 PM

whats all this "Bottom-feeder" as a fish keeper i find that insulting to my plecos as thay dont swim about trashtalking makers of watercooling parts i think thay shud be left out of it there only trying to keep the rocks cleen :dome:

Lothar5150 10-29-2005 07:47 PM

Quote:

Originally Posted by Etacovda
indeed
these statements/pdfs seem heavily doctored to me - unless im reading them totally wrong (quite possible, didnt pay too much attention) - but wages paid to date are only $46ishk, and swiftechs site says they employ 20 people - hell, even 3 people at a distinctly average wage would be much, much less than that... or am i reading it wrongly, how is this done in the US?

Nothing doctored about the pdfs


http://www.pinksheets.com/quote/finance.jsp?symbol=RCHN

Cathar 10-29-2005 08:03 PM

Quote:

Originally Posted by Lothar5150
I take great exception to being called a liar, care to qualify that statement.

Quote:

Originally Posted by Lothar5150
All projects currently on my company’s slate are OEM and military projects. Potentially the largest project is a product for military and it has absolutely nothing to do with thermal management.

Your statement reads as an effective declaration that your company does not derive any source of income from thermal management products that compete with Swiftech's range of products.

See, you talk about integrity and credibility, and attempt to cast aspersions my way. I openly disclose my level of interest when asked, yet when the question is put to you, you duck and weave as if you stand to gain nothing from Swiftech going south and have no directly attributable sources of income from thermal management products.

You are lying through omission and you know it. To think you talk of credibility and integrity. The very words are tainted whenever you speak them.

Investor 10-29-2005 08:34 PM

I love this whole thread! Love it! Love IT!

Bloody_Sorcerer 10-29-2005 09:05 PM

You say that the 12T beats a BIX, yet in the ONLY comparative testing I've seen between the two, done by maxxxracer and posted at XS, the BIX beat the 12T by .2C when both were shrouded and .3C without shrouds.

Investor 10-29-2005 09:41 PM

Quote:

Originally Posted by Bloody_Sorcerer
You say that the 12T beats a BIX, yet in the ONLY comparative testing I've seen between the two, done by maxxxracer and posted at XS, the BIX beat the 12T by .2C when both were shrouded and .3C without shrouds.


WOW, this is hardcore... 0.2C??? 0.3C??? What kind of MOE are we talking here?

Procooling rocks...

Etacovda 10-29-2005 09:46 PM

Quote:

Originally Posted by flatline
whats all this "Bottom-feeder" as a fish keeper i find that insulting to my plecos as thay dont swim about trashtalking makers of watercooling parts i think thay shud be left out of it there only trying to keep the rocks cleen :dome:

lol, my bourneo sucker would say similar if he could talk :p

jaydee 10-29-2005 10:30 PM

Quote:

Originally Posted by Investor
WOW, this is hardcore... 0.2C??? 0.3C??? What kind of MOE are we talking here?

Procooling rocks...

Unfortuantly Maxx's test bench has a larger error margin than the result differences. But yeah, the differences are not going to be measurable from even the above average user.

Problem is a manufacture will claim their rad is superior just because it has a .1C lower temp. :D I am so put off by PC rad manufactures right now I am am either going to build my own copper tube rad or just buy a heater core for my upcoming system build.

Bloody_Sorcerer 10-29-2005 10:44 PM

so basically they're identical, though on the quality note i'm going to favor the BIX (one of MR's 12T samples had a soldered-over flowtube...)

Brians256 10-29-2005 11:07 PM

Joe, any thoughts on locking this thread? I'm not sure we're getting anything productive out of it.

Lothar5150 10-30-2005 01:07 AM

Quote:

Originally Posted by Cathar
Your statement reads as an effective declaration that your company does not derive any source of income from thermal management products that compete with Swiftech's range of products.

I never insinuated or stated that there were no competing products. However, the 12T is the only product that is a potental competitor.

BTW Sales to direct to retailers are less than 2% of sales. If you talk to retailers they might indeed think my company is a bottom feeder.

The Reservoir is an OEM item, no secret we manufacture it and Swiftech has distributed our CoolSleeves from day one.

The project we just completed was designing and manufacturing OEM components. No CoolingWorks on it, happily not involved in marketing and distribution.

Quote:

Originally Posted by Cathar
See, you talk about integrity and credibility, and attempt to cast aspersions my way. I openly disclose my level of interest when asked, yet when the question is put to you, you duck and weave as if you stand to gain nothing from Swiftech going south and have no directly attributable sources of income from thermal management products.

You are lying through omission and you know it. To think you talk of credibility and integrity. The very words are tainted whenever you speak them.

Market share will increase for the other companies we service but I do not see that having a net affect on our business becouse we are predominantly OEM. I would much prefer to see the market simply grow and everyone make more money.

Joe 10-30-2005 01:43 AM

Dude this thread goes to 11! I mean wow, a few days ago we had BillA Vs Bruce in the cage fight throwing F bombs like they were going out of style. Now we have Lothar Vs Cathar in the CAGE OF DOOM - 2 will go in, and 2 will come out just with some slight bruises to their ego :)

Who's next for a round?

and yes Jaydee, I am going to add that smilie I think. this is the best entertainment on the forum since JMKE and Liquid3D were banned.

ricecrispi 10-30-2005 01:57 AM

[quote=Joe]Joe - Web slacker, incharge of fueling flame wars, comedy relief, inaccurate timelines, and just general ****ing around. Oh and I own Procooling[.QUOTE]

What's is inaccurate timeliness? Hopefully you can give me some detials so I can use that oxymoron next time im late. Supervisor might get a laugh out of it

I think we should have a flaming archive for the future.

BillA 10-30-2005 07:17 AM

the ego-bomb zone
the pressue builds and builds until a micro-fault triggers 'da bomb'
with the predictable distruction of civility (and increase in candor);
from the perspective of the charred relations one can harvest sufficient humility . . . .
to have restraint 'till some other jackass sets me off again

slow learner, or not so unhappy with the results
in any case the format needs improvement

should I recast these 'facts' (sic) differently ?

HEY GUYS !
Swiftech needs your help. They/Gabe owes me a bunch of $ but they are making less and less.
Can the profoolers here please buy more Swiftech products so they can lose more . . ?
no, wait; buy less so they lose less . . . ?
hmm, what might work ?
the company needs to turn around so they need a turn-around expert !

new management could do the trick
so who wants to buy Swiftech ?

now the debate over the value

Investor 10-30-2005 09:18 AM

If ego is at the root of the problem at Swiftwreck... how could a serious investor buy it?

The water-cooled PC market seems to me a "leisure" market. This is complete speculation on my part and my real goal is to fuel more discontent among this thread's readers!

Does anyone think that the PC water-cooling market is in the 8 figures?

(Disclaimer: I have no facts, just assumptions)

Investor 10-30-2005 09:28 AM

Quote:

Originally Posted by jaydee
Unfortuantly Maxx's test bench has a larger error margin than the result differences. But yeah, the differences are not going to be measurable from even the above average user.

Problem is a manufacture will claim their rad is superior just because it has a .1C lower temp. :D I am so put off by PC rad manufactures right now I am am either going to build my own copper tube rad or just buy a heater core for my upcoming system build.

You should build you own! The other stuff you build looks great. Have you ever sold any of your projects? You and a few others here could start your own outfit and sell you stuff. Why hasn't anyone done this yet?

Seriously, with the way this site "distills" facts, you could not fail.

jaydee 10-30-2005 10:39 AM

Quote:

Originally Posted by Investor
You should build you own! The other stuff you build looks great. Have you ever sold any of your projects? You and a few others here could start your own outfit and sell you stuff. Why hasn't anyone done this yet?

Seriously, with the way this site "distills" facts, you could not fail.

Nope, never sold a thing I made.

I was getting all prepared to do so a year or 2 ago. I even contacted Cathar and asked if he wanted a US manufacture and distributor of his blocks.

Had the equipment lined out and financing setup. Just couldn't get the long term business plan to work out.

To many uncertainties. If I lived in a larger city and could use the equipment for other things then that would have pushed me to go forward. However the local economy here is shit and already has a well established machine shops. None of them to interested in water blocks either.

That is all good though. I don't have what it takes to run a business anyway.

Investor 10-30-2005 12:17 PM

As i suspected with such a market... Have you considered selling your ideas or designs to some of the companies already in the market? Looks like one of them could use the help :p

superart 10-30-2005 03:06 PM

Quote:

Originally Posted by unregistered
the ego-bomb zone
the pressue builds and builds until a micro-fault triggers 'da bomb'
with the predictable distruction of civility (and increase in candor);
from the perspective of the charred relations one can harvest sufficient humility . . . .
to have restraint 'till some other jackass sets me off again

...

At the risk of starting another flame war...


Is it just me, or does BillA's sentence structure remind you of a Chinese exchange student trying to read Shakespeare?

Investor 10-30-2005 07:17 PM

Quote:

Originally Posted by superart
At the risk of starting another flame war...


Is it just me, or does BillA's sentence structure remind you of a Chinese exchange student trying to read Shakespeare?


LOL!! Totally!

My name is Hung... Hung Lo... On the morrow, i shall see the sun... er.. no i shall not see the sun...

Investor 10-30-2005 08:04 PM

Hey superart, you should be out of university soon... what's your major?


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