tag:blogger.com,1999:blog-6786977598764243863.post4185506910462801427..comments2024-01-23T04:05:39.851-06:00Comments on Plastic Legions: Hostile TakeoverJPLhttp://www.blogger.com/profile/12461099993856743894noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6786977598764243863.post-81515959768446922732011-04-29T17:37:40.331-05:002011-04-29T17:37:40.331-05:00John,
Thanks for taking the time to share that. B...John, <br />Thanks for taking the time to share that. Best of luckJPLhttps://www.blogger.com/profile/12461099993856743894noreply@blogger.comtag:blogger.com,1999:blog-6786977598764243863.post-48256487070337253732011-03-31T08:50:15.254-05:002011-03-31T08:50:15.254-05:00Hi, I'm John Morse. I was Business Manager at ...Hi, I'm John Morse. I was Business Manager at WF under Tony.<br /><br />Wai Kee Hui's open letter is full of inaccuracies, both spoken and unspoken. <br /><br />It is simply untrue that WF had not made a payment to Triangle in two years. It is also simply untrue that WF did not make any payments to Mr. Hui. Believe me, I can document that.<br /><br />I agree with John's assessment of what Mr. Hui did as a hostile takeover. What Mr. Hui does not tell you is this:<br /><br />In exchange for the hand over of 51% of the firm to Mr. Hui, he agreed to provide large amounts of plastic sets on account --- that is, without payment up front -- for WF to sell in order to get the firm back on its feet. These sets were a combination of old sets but largely the new sets which had generated much advance interest in the market place and which Mr. Hui is only starting to release now.<br /><br />The agreement last summer was that Mr. Hui would begin delivery of those sets on October 1, 2010. In fact, we did not receive anything until the last few days of November. Furthermore, that delivery was far less than promised. His failure to deliver on his promised supply of plastic meant that we could not generate sales, and yet he seems to have blamed Tony for that. That is irrational.<br /><br />A second delivery scheduled for December never did come while we were still on board. However, we received a shipping list which showed that the delivery would have been nearly useless --- not only was it short on very important sets, but many of the sets in the shipment were incomplete and could not be sold. <br /><br />Whether that was Mr. Hui being dishonest or whether that was Mr. Hui being incompetent, it is his fault alone. However, when Tony call this serious problem to his attention, Mr. Hui did not react in what I think any reasonable person would consider good faith. He did not say, 'sorry, I'll fix that.' Instead he fired us all and took over the company. What a piece of work.<br /><br />If Mr. Hui did not intend, or was not capable of upholding his end of the agreement worked out late last summer, he should not have assumed an ownership share. That is basic, I think.<br /><br />Certainly if we had thought he would not deliver, Tony would not have signed the agreement.<br /><br />Tony, Howard, Tim and I acted in good faith and did everything we promised. We designed and delivered new and exciting product prototypes and promoted them in the market place effectively, and took pre-orders in good faith, believing that Mr. Hui would deliver. He did not.John Morsehttps://www.blogger.com/profile/12860618939263785418noreply@blogger.comtag:blogger.com,1999:blog-6786977598764243863.post-19531333780857277052011-03-31T06:37:58.951-05:002011-03-31T06:37:58.951-05:00Thanks a lot for this.
Somehow I still consider t...Thanks a lot for this.<br /><br />Somehow I still consider toy soldiers, whether plastic mass produced or metal, a bit of artsmanship. Im proud of creating a stunning looking model from bare metal or plastic, and i like to think the guy who sculpted, cast, packaged is also proud as me.<br /><br />Just a matter of opinion of course, but when something makes me feel awkward then the eventual purchase and building-painting of the models will also feel weird. Dont know much about PR or product image but i will probably not get a good vibe from products from this company anymore, like i did before (sadly I had orders during the whole storm and had to cancel them).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6786977598764243863.post-69163244050996325252011-03-30T15:50:43.047-05:002011-03-30T15:50:43.047-05:00Thanks for this. It can be difficult to get a sobe...Thanks for this. It can be difficult to get a sober and well though out analysis of situations like this.David Taylorhttps://www.blogger.com/profile/06254570870799910756noreply@blogger.comtag:blogger.com,1999:blog-6786977598764243863.post-22079074489616882992011-03-30T14:49:22.206-05:002011-03-30T14:49:22.206-05:00Absolutely, all I can comment on/analyze is what I...Absolutely, all I can comment on/analyze is what I actually know which is limited to public statements. There comes a point of putting 2 + 2 together..but I still have some questions..if facts change so certainly will my opinions.JPLhttps://www.blogger.com/profile/12461099993856743894noreply@blogger.comtag:blogger.com,1999:blog-6786977598764243863.post-45456875089803327322011-03-30T14:34:15.743-05:002011-03-30T14:34:15.743-05:00While this looks like a solid analysis, don't ...While this looks like a solid analysis, don't forget that neither you nor I have any real factual knowledge of the exact situation in WGF. All we can make are educated assumptions; given that both parties are probably not being 100% honest about any of this, our educated guesses are similarly not 100% accurate either.Anonymoushttps://www.blogger.com/profile/11294162646694379135noreply@blogger.com