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Audio Research filing for bankruptcy?

I just heard Audio Research might be filing for bankruptcy. This is a shock to me. I just called them a few days ago to have my Ref 6 upgraded to a Ref 6SE. I will also be the new owner of the Ref 750s. I was just wondering if they did go bankrupt what would all those millions of owners do about servicing their equipment. Should I be concerned? I’m alittle worried now. 

128x128Ag insider logo xs@2xtattooedtrackman
onhwy61's avatar
onhwy61
5,216 posts
 

You don't send your equipment to them because you don't know what is going to happen.  It's not likely, but they could just cease all operations and close.  Your equipment sits on a shelf and you are in a line of creditors asking for what you are owed.  It's not likely, but it really could happen.  Why risk it?

brunomarcs's avatar
brunomarcs
290 posts
 

It'll be dangerous to send anything to ARC right now. Perhaps the price Increase from last year over 40% for the ref6 upgrade is to garnish more funds while they knew all along this was their path. They should've cut prices if there not paying there creditors.
Id be a bit suspicious  @tattooedtrackman  they told you we have a guy who only does these and it's a fast 14 day turnaround, send it in we get right on it! Yeah ok. 

ditusa's avatar
ditusa
1,883 posts
 

@onhwy61 +1 I agree!

Mike

vonhelmholtz
911 posts
 

The name has value, so it will continue, but the company’s value to those on this board is up in the air.

pops
2,273 posts
 

+1tweak1 that is my fear as well…

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