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Line Skis going bankrupt?

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t-man152
Posts: 2896 - Karma: 14
I heard this rumour and was wondering if its true. I noramlly dont bring up rumors like this but since they fired their whole team except for 2 riders I think this might be real.

also I heard K2 might be buying them.

can anyone confirm any of these rumours?
Dec 16 2005 10:04PM
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hartig
Posts: 8192 - Karma: 10
hahaha
Dec 17 2005 1:38AM
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nolan
Posts: 127 - Karma: 10
You're wrong. Privately held companies do not need to disclose any financial information to anyone, except in the case of a government audit. The only other time they would be required to provide financial information is to a bank when attempting to obtain a loan.

http://en.wikipedia.org/wiki/Financial_reports

It says "Today most governments require publicly-traded companies to issue, and issue in a certain way, annual financial statements. Some governments, such as the United Kingdom government, require all companies to publish annual financial statements, although smaller companies only need publish them in abbreviated form."

Notice, it says nothing about privately held companies. Last time I checked, Line was not based in the UK. Therefore their financial records are private.
Dec 17 2005 2:37AM
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DrewR.
Posts: 976 - Karma: 5
ya i think itd true since they moved their factory to china for cheaper production
Dec 17 2005 9:12AM
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freestyleskiin
Posts: 1598 - Karma: 9
that would suck because they are like the cheapest ski company
Dec 17 2005 9:19AM
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Adrenaline
Posts: 1264 - Karma: 552
supply and demand folks. demand goes up every year, because as j said in a previous thread supply was being sold pretty close to what they were making the skis for, that's not profitable. move factory to china, save in the long run. but there will be problems in the short run with manufacturers. and on the issue of pro team, who actually got exposure for line? ashley and eric were the huge ones. skogen and mike nick weren't getting anything anymore, and if mike went to siver full time that's a win win for mike. he can focus on his company. as far as wilson goes, being injured probably played a factor but he was a huge hucker and is fun to watch in movie segments. but overall, it's cheaper to pay 2 pros that get just as much exposure as the rest of the team put together.
Dec 17 2005 9:29AM
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t-man152
Posts: 2896 - Karma: 14
ohh well in that case I know how you can get any pair of skis you want for free.
Dec 17 2005 8:45PM
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Jeff_Lo
Posts: 5809 - Karma: 263
dam ur smart!
Dec 17 2005 8:55PM
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thatoneguyattyrol
Posts: 1497 - Karma: 14
haha.
Dec 17 2005 9:31PM
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lyndon
Posts: 7266 - Karma: 128
it makes sence, they made the invader, and are selling it cheap
Dec 17 2005 9:33PM
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wskibum176
Posts: 1536 - Karma: 13
i believe it, LINE is going down the shiter real fast
Dec 17 2005 10:25PM
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r.w
Posts: 3489 - Karma: 18
for sure
Dec 17 2005 11:10PM
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witty
Posts: 5616 - Karma: 178
haha i was so excited for the ownage on that one...i was hoping someone would lead him on and claim they bought a bunch of shares or something...oh the ignorance sure is fun
Dec 18 2005 12:23AM
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