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Thread: Fake MSD Units
          
   
   

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  1. #1
    robot's Avatar
    robot is offline CHR Member Visit my Photo Gallery
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    Feb 2004
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    Car Year, Make, Model: 39 Ford Coupe, 32 Ford Roadster
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    And MSD filed for Bankrupcy protection a few weeks ago....not due to the
    fakes.

  2. #2
    rspears's Avatar
    rspears is offline CHR Member/Contributor Visit my Photo Gallery
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    Car Year, Make, Model: '33 HiBoy Coupe, '32 HiBoy Roadster
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    Quote Originally Posted by robot View Post
    And MSD filed for Bankrupcy protection a few weeks ago....not due to the fakes.
    Yep, they did file for a voluntary Chapter 11, but if you take time to read through all of the company press releases they are basically re-financing their business loans in a structured, controlled manner which can be accomplished quickest and with the least disruption to business under the protection of bankruptcy law. Seems very similar to a guy buying a house when the market's high and interest rates have peaked, then a few years later taking advantage of declining interest rates to reduce monthly payments while still keeping the house & all assets. Seems to be a good thing.
    Roger
    Enjoy the little things in life, and you may look back one day and realize that they were really the BIG things.

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