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Tux said..

SP said...

Interesting article http://www.ocweekly.com/news/how-quiksilver-lost-its-soul-and-ended-up-in-bankruptcy-court-6910851

The chapter 11 is only relevant to the US part of Quicky...apparently once its done and dusted they will be able to write that part of the business off and it should alleviate a lot of the fiscal issues the Aussie side has

You are right Quik is essentially 3 divisions, US, Europe and Aus / Asia. The US arm is the one filing for a Chapt 11 or relief from their creditors...

I know that writing off the debt sounds like a great solution, especially for the corporate Bankers that now own Quik but the debt they are trying to avoid, that debt is owed to people that supplied goods and services to Quik on good faith of being paid.

So basically the corporate bankers get to not pay people who have worked for Quik and then use that to rebuild the company so they get a big fat boner Cheque to spend on coke and whores... The only winner here is Oaktree Capital.

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SP said..

Tux said..

SP said...

Interesting article http://www.ocweekly.com/news/how-quiksilver-lost-its-soul-and-ended-up-in-bankruptcy-court-6910851

The chapter 11 is only relevant to the US part of Quicky...apparently once its done and dusted they will be able to write that part of the business off and it should alleviate a lot of the fiscal issues the Aussie side has

You are right Quik is essentially 3 divisions, US, Europe and Aus / Asia. The US arm is the one filing for a Chapt 11 or relief from their creditors...

I know that writing off the debt sounds like a great solution, especially for the corporate Bankers that now own Quik but the debt they are trying to avoid, that debt is owed to people that supplied goods and services to Quik on good faith of being paid.

So basically the corporate bankers get to not pay people who have worked for Quik and then use that to rebuild the company so they get a big fat boner Cheque to spend on coke and whores... The only winner here is Oaktree Capital.

And the hookers and coke dealers

Hahaha....

There was an article today about it actually.

www.smh.com.au/business/companies/quiksilver-to-go-private-after-emerging-from-bankruptcy-20160127-gmeo45.html

More on Quik

My personal opinion is that they aren't surfing labels anymore they are corporate owned clothing companies and to be honest i think i will be taking more care to spend my money elsewhere.



www.smh.com.au/business/companies/quiksilvers-us600-mln-refinancing-gets-court-tick-20160129-gmgh13.html

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SP said..
More on Quik

My personal opinion is that they aren't surfing labels anymore they are corporate owned clothing companies and to be honest i think i will be taking more care to spend my money elsewhere.



www.smh.com.au/business/companies/quiksilvers-us600-mln-refinancing-gets-court-tick-20160129-gmgh13.html

only Quick stuff I've been buying is the odd pair of boradies,in saying that I ordered online yesterday at 2 pm a pair from Bong which I never buy and they rocked up at 10.30 this morning.

I hear you SP,so where do you go,I see Quick/Bong have the plain hipster stuff in their range very Dues like,but if your going to buy from such companies where then a mother hipster line

I get my board shorts from woollies.

stuff paying good money to look like tool when you can pay a third to look like a tool




besides, its how you wear it that counts not what you were

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SP said..

Tux said..

SP said...

Interesting article http://www.ocweekly.com/news/how-quiksilver-lost-its-soul-and-ended-up-in-bankruptcy-court-6910851

The chapter 11 is only relevant to the US part of Quicky...apparently once its done and dusted they will be able to write that part of the business off and it should alleviate a lot of the fiscal issues the Aussie side has

You are right Quik is essentially 3 divisions, US, Europe and Aus / Asia. The US arm is the one filing for a Chapt 11 or relief from their creditors...

I know that writing off the debt sounds like a great solution, especially for the corporate Bankers that now own Quik but the debt they are trying to avoid, that debt is owed to people that supplied goods and services to Quik on good faith of being paid.

So basically the corporate bankers get to not pay people who have worked for Quik and then use that to rebuild the company so they get a big fat boner Cheque to spend on coke and whores... The only winner here is Oaktree Capital.

sucks doesn't it.

sadly those people who lost out will line up again with the same company.

seen this happen in the building game

That's why I buy my boardies at lowes $10 and super stylish and comfy too

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Ricardo1709 said..
That's why I buy my boardies at lowes $10 and super stylish and comfy too

only surfing makes you a surfer, not ya boardies

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laceys lane said...

SP said..

Tux said..

SP said...

Interesting article http://www.ocweekly.com/news/how-quiksilver-lost-its-soul-and-ended-up-in-bankruptcy-court-6910851

The chapter 11 is only relevant to the US part of Quicky...apparently once its done and dusted they will be able to write that part of the business off and it should alleviate a lot of the fiscal issues the Aussie side has

You are right Quik is essentially 3 divisions, US, Europe and Aus / Asia. The US arm is the one filing for a Chapt 11 or relief from their creditors...

I know that writing off the debt sounds like a great solution, especially for the corporate Bankers that now own Quik but the debt they are trying to avoid, that debt is owed to people that supplied goods and services to Quik on good faith of being paid.

So basically the corporate bankers get to not pay people who have worked for Quik and then use that to rebuild the company so they get a big fat boner Cheque to spend on coke and whores... The only winner here is Oaktree Capital.

sucks doesn't it.

sadly those people who lost out will line up again with the same company.

seen this happen in the building game

Yep building industry is about the worst, shonky developer can't pay, company goes bankrupt and he just starts again meanwhile the poor buggers that worked for him and sold him goods on credit cop the actual cash loss.

But the biggest thing for me out of it is why buy this stuff, the brands are hardly surf focused anymore, they are clothing labels that use surfing to sell clothes. I was hardly a big buyer of surf stuff anyway, always tried to support the little guy but definitely makes me want to avoid quik-bong the future.

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laceys lane said..
I get my board shorts from woollies.
stuff paying good money to look like tool when you can pay a third to look like a tool
besides, its how you wear it that counts not what you were

How about the art work

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asea said..

laceys lane said..
I get my board shorts from woollies.
stuff paying good money to look like tool when you can pay a third to look like a tool
besides, its how you wear it that counts not what you were

How about the art work

it unique because nobody buys it .

everyone else is too busy getting the stuff everyone else has

Its the kids that get sucked into the surfwear labels, your not cool etc if you don't have the label on your t shirt , a 5 dollar shirt selling for 60 bucks...so Lowes/Wollies is the new cool now in boardies... i'll check em out tmorow... LL has started a new trend..

Don't forget aldis I bought two pairs a cpl weeks ago for under 15 bucks each and they are great actually better than lowes but not on sale all the time although I've already got paint on one pair which is not unusual for me as I wear them to work as well

Iv'e got a pair of Golden breeds "hibiscus" $12,haha, like the old Okanui's remember them,hard to find now.
and a pair of old billabongs and Peak that iv'e had for about 7 years,think I got them for $15 each!

Check out smile clothing. Basic stuff, relatively cheap but for everything you buy a kid gets clothing in a third world country. Good stuff that doesnt really happen much any more

www.dailymail.co.uk/news/article-3422799/Surfing-legend-Kelly-Slater-saves-West-Australian-mother-Sarah-White-son-freak-wave-Hawaii.html

It's not a thread, it's a tv show that was just on called "countdown to life" and I would not normally mention anything about it here because it's all about human embryonic development, however , when they were showing a preview of next weeks show, there was a picture of Laird Hamilton.

That's got me really intrigued, what on earth would he be doing on an English science doco?

I had no intention of missing the next episode because it relates to one of the most interesting aspects of development, but now there's another reason not to miss is.

Sorry to jump the gun, I just could not stand the suspense of not knowing for 7 days so I looked up the transcript of the show.

Apparently Liard is used as an example of someone who is prone to take higher levels of risks than others and this can be traced back to the womb.

That's why the shot of him showed him holding up his hand because the length differential between the ring and index fingers is an outward manifestation of increased testosterone levels.

I'm guessing they'll be showing some footage of him catching some big'uns

16 minutes of history..

www.abc.net.au/4corners/surfing---1964/2833746?site=50y

Nice find SP


How tough are these fellas

I have to ask,what happened to Cobra,dose anybody know,was he banned or just had enough?

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SP said..
Thanks Ted, that is my lunch break viewing today sorted

This is on Swellnet,

Famous people you have been burnt by...

http://www.swellnet.com/forums/wax/313966

That is an absolute great read !! Onto your one shortly Tux.

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Macaha said..
I have to ask,what happened to Cobra,dose anybody know,was he banned or just had enough?

Not sure. But lets start a thread on Souths and how crap they are - that should bring him back

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Ted the Kiwi said..

Macaha said..
I have to ask,what happened to Cobra,dose anybody know,was he banned or just had enough?

Not sure. But lets start a thread on Souths and how crap they are - that should bring him back

If that doesn't work try another "show us your thong quiver?"

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SP said..

Tux said...
Cracking read....

http://www.surfermag.com/features/no-template-ryan-burch/#i2lLoOLVvVchS1KY.97

Good find,
I started reading that and thought been going for a while and was only half way through..

If I only I got get someone to sponser me to make surfboards...pretty sure no ones ever going to sponser me to surf lol

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Macaha said..
I have to ask,what happened to Cobra,dose anybody know,was he banned or just had enough?

Maybe there's something in this

www.theinertia.com/surf/soft-top-shredding-at-a-nude-beach-with-the-catch-surf-crew/

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Tux said...

SP said..

Tux said...
Cracking read....

http://www.surfermag.com/features/no-template-ryan-burch/#i2lLoOLVvVchS1KY.97

Good find,
I started reading that and thought been going for a while and was only half way through..

If I only I got get someone to sponser me to make surfboards...pretty sure no ones ever going to sponser me to surf lol

Yeah, he is living the dream...
I can't believe he still has every board he has shaped.

Peahi Big wave thing highlights are on Nine at 1pm if anyone is on the couch...

Speaking of big waves SP - what size board would yo ride out here

Swellnet: How big is it forecast to get on Monday?
The swell looks pretty big Sunday, Monday, and Tuesday. Sunday looks like it could get up to around 80 foot and Monday and Tuesday look like it could get up to the 100 foot mark.
No doubt about it, it looks big. But what about those winds?
It looks like there is going to be a fair bit of wind with a few moments of light winds. We'll have to watch carefully and choose when we go out.
So no matter what, you reckon you'll get a go out?
We're definitely planning to go out there and give it a crack as that's what we're here for. But obviously if the winds are way too strong and the ocean is mess, well, riding 100 footers will have to be put on hold.
What board will you'll ride?
We have a board designed by Jarryd and Chapstar surfboards. It's a 5"11 tow board with more thickness then your average tow board. We thought we would do something different to eliminate the chops down the wave and it seems to be working. The board weighs about 12 kilos with all the weights on it.

http://www.swellnet.com/news/swellnet-dispatch/2016/02/06/firing-line-mick-corbett-nazare