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Quote:

Originally Posted by Tim Kish (Post 107815)

Working at a Tier 1 automotive supplier I know that many of our customers go to great lengths to pay at the last possible day of their terms because the accounts have figured out how much money can be made each day they hold onto their money (assuming they even have it).

I have the same thing. Two large (very well known companies) customers of mine send me a check dated 30 days from my invoice date. No longer do companies seem to pay for the previous month with one check. Some weeks I will get a check every day. If I do two or three computers in one day for either of them, the check will reflect that.

Amy & Kenny Faulk and myself were talking to Scooter at Comp's hospitality tent (mooching lunch) at the Mid South's a couple years ago when Mikronite was in the process of purchasing Crane. Comp wanted to bid on Crane then, but they refused to entertain a bid from Comp. Still some bad blood there I guess. Looks like Crane might be a tad cheaper now anyway.

Some of you might be old enough to remember Harvey Crane's vow to bury Cam Dynamics and Mark Heffington. He finally had to buy Mark out. Mark now owns Hypertech. Don't think Mark is hurting too bad.

Quote:

Originally Posted by Ed Wright (Post 107882)

Cam Dynamics and Mark Heffington.

An what a pleasure it was to work on projects with Mark!

Just got off the phone with Jegs. They verified what we all know that Crane is closed but they still have some crane stuff available.

Sad!

http://www.autoweek.com/article/2009...NEWS/902279984

Still pretty sure last years contingency payments are a lost cause.

Quote:

Originally Posted by Tim Kish (Post 108483)

http://www.autoweek.com/article/2009...NEWS/902279984

Still pretty sure last years contingency payments are a lost cause.

When it took 120 days for them to request info "to enable payment" last year, I pretty much gave up any hope of seeing any money. .......Just another case of a good family type company purchaced by a corperation that misreads its purpose and customer base and bankrupts it in a couple of years. ....Tom