Modulus - bankruptcy confirmed.

[fretmeister]

Link:

https://business-bankruptcies.com/cases/modulus-guitars-llc

We all knew it was coming - but still very sad to see them go.

[Prime_BASS]

[quote name='fretmeister' timestamp='1391463755' post='2357543']
Link:

https://business-bankruptcies.com/cases/modulus-guitars-llc

We all knew it was coming - but still very sad to see them go.
[/quote]

Didn't think they'd gone bust.
But how does a company like that go bust?

I thought it can't be too hard to make a product and sell for a profit, especially when I would think most stuff is made to order. Or is there a factory somewhere full of funk unlimited basses?

[fretmeister]

Even with a made to order item, you still have to pay the electricity bill in the meantime.

It's not debts that kill a company on its own - it's a lack of cash flow.

[Kiwi]

I was surprised by the listed value of their assets. Its a shame that a company goes like this after the history its generated.

[ambient]

This was on Talkbass a few weeks ago. It wasn't a lot of money that they owed either, just cash-flow meaning they couldn't meet their commitments.

Does possibly mean my mint Q6 will appreciate over the coming years.

Very sad though, cos I'd have like a fretless Q6 to go with it.