2. misc-audio
  3. 136454-34305

Core Power Technologies

Does anyone know, is Core Power Technologies still around? I was considering purchasing (2) Ec1200’s but don’t want to be in a holding pattern for the next year. Are they or (Mark) still in existence? What’s the lowdown or suggestion of comparable item.
128x128luvrockin
amg56's avatar
Ag insider logo xs@2x
amg56
887 posts
 

All,

From what has, or hos not transpired, it would seem that the notice signed off be Mark and Lynn, posted by Kemper is not all it appears to be.

I would be interested in hearing from anyone who has been contacted by this mysterious "cptstatus@outlook.com" email address regarding their order/refund status.

From my perspective, this appears to be a blind post to take the heat away from CPT and Mark himself. I do not believe that there is a new offer/owner, nor do I believe that CPT et al are going to make good on business promises made in the past.

With this in mind, I intend to contact the equivalent of Australia's business complaints ombudsman to see what can be done to seek recompense or justice for what appears to be blatant fraudulent business behaviour by Mark Shifter.

I have repeatedly tried to contact this mysterious interim status group, which I believe now is bogus, emailed Mark as welcomed by Mark himself in his notice, and even tried to phone call him from Australia, all without success.

I would like to hear from anyone who may be able to assist in this matter so that "customers" like myself can seek some sort of representation or justice in this whole fraudulent saga.

Thanks, Adrian


tweak1
3,664 posts
 
amg56, et al

I know this situation is extremely frustrating. However, 

If you've ever been involved in the sale/purchase of a business, you would know it takes time for both parties to go through EVERYTHING (Due Diligence) and both parties are typically bound by Confidentiality. I can't answer whether that includes not taking your calls, but everyone knows Mark has serious health issues, which stress is known to add to

As a thought, since you have waited this long, why not give it a couple weeks before seeking legal action

Having owned Furman, PS Audio Premier Power Plant and 3 CTPs, I know how viable the product is. Someone is/will take advantage of buying the company, and all that we've gone through will be a distant bad dream
uberwaltz's avatar
uberwaltz
13,381 posts
 
Tweak1.
 I think you missed some of amg56 point.
If you read the post prior it welcomed,nay, encouraged people to call or write.
This amg56 has obviously done with little joy to be had.

No matter what takes place during a business ownership transfer communication is still paramount.
gdnrbob
4,445 posts
 
I, too, tried to contact Mark, but got only a recorded message, and no response to my query.
Oh well, so much for working with small manufacturers.
Lesson learned.
B
amg56's avatar
Ag insider logo xs@2x
amg56
887 posts
 

@tweak1 I understand about due diligence having been and engineer in Tyco in the late 1990's when takeovers were rife, and due diligence was the buzz word and we worked like navvies to get it done. (Tyco was then called Take Your Company Over).

But communication was key with all employees and customers regarding the company being assumed and the Tyco business involved. This was done efficiently and professionally (even if the President and CFO of Tyco were jailed for fraud).

The issue is communication. I have a lot of money tied up (Since February 2018) and I would like it back. No other company would be allowed to act this way in Australia. We have comprehensive consumer safeguards to protect against, what is fraudulent behaviour.

if you read ALL my posts on this forum (except the last 3), they have been in support of CPT and Mark, and against some hostile posts). now it is I who has been done unto by someone I believed in.

Do not expect me to be graceful and forgiving of this behaviour.

Adrian

More to discover