Look guys we dont have any biz discussing rumors about how much money any company owes. If you dont have any thing good to say please dont say it. That should be enough. Another thing just becouse something may be true does not mean it gets posted.

I hear ya art. I believe everyone always gets whats coming to them and nobody ever gets away with anything. I issue for me is I do not belive anyone should post another companies financials on this web site. Look you can talk about a problem or an issue but nobody should try to have a crusade here on this message board. This message board is not the place to right all wrongs.

Crap what did I miss??

I understand but all the truth or half truth or flat out lies posted on this message board will not change anything other than make us sound and look like a bunch of dorks. I hate to say it but change does not come from posting something on the message board. That is like me complaining about my ex wife on a dating web site. Just makes me look bad. Yes she was a real pain and did not treat me fair but that is not the point. The whole thing about the pumpco post is they are gone, done finished. I dont want this message board to hurt or cause trouble or pain to any company that is in biz. An Many needs to stop, if he thinks he is going to make a differance by calling everyone out he is just flat out wrong.

I dont think this message board should be the gun that everyone uses to shoot at companies they dont like. I do not want this to be a political web site nor do i want it to be the hall of justis. I cant be the gun that cleans up this industry. Come on guys you expect too much of me.

u know todd i understand what you are saying and its not the company we we are talking about its the pratices of the way things are done.that could be our company or anyone else that follows into ill pratices in this industry andf this is the reason alot of companies and operators are starving now is because of the pratices,so without head hunting on a company,lets just say the pratices they perform no one had to mention their names everyone knows it especially the operators that have to watch their pumps sold off while they were told they wasnt up to their standards,thats really a way to make them feel like a part of us isnt it

As sad as it is how did a 45 year old company go down this way we have had other bad down turns in America, from what little I know Pumpco was the King at this game.

I f not for these big companys the pump manufacturing of the pumps would be no where today, I never met the owner of Pumpco but I can benifit from things he help pioneer in the past this tells me that the biggest is not always safe, so with these big company gone, are the banks going to change lending practise's,and are the manufacturing going to lower there price's, with all the big machines on the block does this mean that most of the new pumps will be 32 to 36 meter  nothing much larger .

I think the Ainsworth's made the right call.  About the only regret they may have is not making tha call 18nto 24 month's earlier and undergoing a more 'organized' dispersal.  Dribble off 5 pumps at a time, so as not to flood the market.

As it is, the call to do this was likely made last fall, it has taken this time to negotiate with Ritchies, the banks, organizing with Lawyers and Accountants.  I wonder if they really opted to sell the pumps to RBA, or if they broke off the pumps into a company of their own, and sold that company in it's entirelty to RBA?  There are tax advantages for both Pumpco's shareholders and RBA. If the pumping operation was operating at a loss, RBA can use the newly acquired company's losses to offset the incredible income of RBA.  The company can be re-valued to reflect the real-world situation, and the shareholder's capital gains will receive better tax considerations.  RBA has top-notch Accountants and Lawyers on retainer to assist the customer in getting these compliated details worked out.

It wasnt a rumor, its cold hard facts that anyone who knows how to use a computer can dig up on the internet, I wont waste the time to type it again, If I find it that important, I can just make a blog about it. Its this dude todds site, if he wants to run it in a censoredship fashion, sobeit but it doesnt change the truth that everyone in Atlanta already knows about what happened and why. Anyways, Good Luck to Les in his new Mid Eastern Adventures.