Dear Audiogon Friends
I have been wanting to write sooner – but I was advised to stay away until we had a deal for Core Power along with some deeply troubling things I have learned about a few of the people that have been posting in these threads. I apologize to all of you for this.
I have two very long posts drafted and waiting for Counsel approval before posting. One is business related – and the other is deeply personal. I have learned a lot in these last few weeks and I’m ready to get a few things “spoken”.
The Company is most certainly NOT out of business. The Company has been sold to one of the very best businesses in the audio industry and led by a man I personally trust and know. Modwright Instruments and Dan Wright will take over Core Power Tech. Dan is a wonderful person and he is First Cabin in my book all the way.
There is so much to say and I’m anxious to do it, but this much I can offer. We have obtained a loan to close out the business from our end and take care of refunds to the 100th percentile and any outstanding debts the company has. Its clear to me that I’m unable to run a business of this magnitude and be present with my health in it’s current state. I’ve done a very poor job these last 90-days and I hold myself accountable and I wish to apologize to all of you.
We do have some shipments leaving early week to close things out. Several overseas shipments and perhaps 8 to 10 US-shipments. I will be contacting each person that had Deep Core ordered to discuss matters pertaining to the shipments. The product is complete, and Dan will be building them.
I will have much more to say this week – but suffice to say I am personally not at all pleased with myself and the state of affairs over these last 90 days. The company was very successful (in all ways) but we simply ran out of all the necessary things one needs to run a company of this size.
I wish to thank all of you – and I sincerely mean that.
Much more to follow –
With my sincerest apologies,
Mark
