Not bad for a third world web forum site…haha
The Ex-CFO of flyingturdball’s favorite company apparently know AR
Just read this. Holy %^$& wow! Looks like the truth will be told.
Hey Danny,
How’s your car running (now that it’s actually legally running 
)?
Hopefully this explains why APR was unable to help you. They were literally forced to de-prioritize you and everyone who wasn’t bringing in new revenue to the company, and the people you were dealing with the last few months were more worried about whether or not they’d have a job tomorrow. No excuses for leaving you high and dry, but still, good thing your found someone able to help you. In one day. From your home.
Why are they required to disclose the details? My guess is we only hear from some people “in the know” like this thread and possibly a disgruntled employee.
who said they are required to disclose anything? he was simply pointing out that the truth will come out no matter what you try to do to bury it. Your guess was a few peoples’ guess 5 pages ago. i.e. that was notarmed’s guess too…that these were the ramblings of a disgruntled customer (crew219) and the company was fine.
Last time I checked…the truth is out. A former executive just posted, and coroborated the story from jred (whoever that is) and crew219…which is that APR has run into trouble, are firing people all over the world, and are not paying their suppliers and business partners.
Before that everyone thought APR was a superpower with untold millions and a stranglehold on their business. Turns out they have been hanging on to that business by a thread, and are in the unenviable position of having to let someone run the business for them at the expense of dozens of employees livelihoods, and from the looks of it, 7 figures of unpaid debts and lawsuits. The company as we knew it before is gone…and mangrove is trying to salvage it.
Reality? Mangrove probably looked at the existing assets of the company (real estate, cars, parts, etc) vs. the debts, and they know that they can recover their capital if it goes to shit. They likely have a debt+equity deal…the debtholders have first right to the assets, and the equity portion will allow them to control the company and put it into bankruptcy whenever they want to.
That’s great for mangrove, and is APR’s only choice because if APR go somewhere else looking for financing (banks, trust companies) those lenders are so constrained right now, they won’t lend them a nickel. So Mangrove is taking a gamble on the company making it and deliver duration to their portfolio. If not, they liquidate, and get their capital back.
YIKES!!!
He said “will be told”, as in future tense, as in the veracity of the claims will be somehow verified. I never speculated shit about whether these claims were true or not, this is obviously a case of where there’s smoke there’s fire, and I don’t think anyone would think this is BS.
My point is I don’t see anything more coming to the table then what we have here. Arin and the rest of APR has been quiet and are obviously seeing this. I personally don’t really care about the state of their airplane or R8 racecar program, I care about whether their tune/hardware is going to remain supported, similar to the stasis debacle. There are a lot of deficiencies in the B8.5 S4 software that need to be worked out (DSG tune, fixing 2014’s, program switching), so this is very relevant to myself and others. Part of the reason I went APR for a tune was because of the supposed corporate stability.
The statement here from the insider was
Now when do we start to learn the details of this? Or most likely this never surfaces. The stg 3 B8 S4 blower has obviously experienced a much longer dev time than conveyed (not sure if this is normal?), and Arin has been vague on the delivery of a DSG tune. We know about the RS5 S/C shelving, but that makes sense given how small the market is. Not to mention support of APR mobile for easy map switching and logging.
Or do they just divert all resources to support the mk7 GTI where I’d guess most of their profit must resides? And maybe B8.5’s get a DSG tune a year from December…
Without a DSG tune, APR will likely lose the market on most B8.5 DSG cars. Seems like they’re reasonably deep into development now. Since the DSG tune doesn’t require any hardware (less predictable margins) and a lot of the R&D money has already been spent on it, hopefully they’ll move forward with releasing it sooner rather than later.
APR has a great name and is very dominant. Poor money discussions can quickly bring things down to size. I would say the bigger APR got the further they got away from what got them there. And that’s solid software that’s safe and superior technology that put them ahead of everyone else. Building motors trying to 'be a service center getting involved in too many other things just exposed how hard these things are to do.
VWR won a summary judgement in the amount of ~$165k against APR.
What’s vwr
They were selling their products, then poof one day all the stuff was removed from the APR website.
Looks like APR owed them a lot of money (more than they owed AoA).
Wonder what APR/Mangrove is introducing tomorrow…some new flashing or program switching method?
MED17 direct port flashing (2008-2014 MK6 VW GTI)
Another company announced it over a month ago. Lol.
Who was the other company? First I’ve heard of this for mk6’s.
CMD
Did APR’s goons give that guy 2 black eyes?
haha, this is comical