Features Keisler Engineering filed for Chapter 7 bankruptcy!

Just got the newsletter tonight, didn't know they were in financial straits..

I think from what I've read is that Shafi overextended his investments in the SS700 transmission and couldn't meet deadlines with production, demand and the rest of the business was falling off due to this wonderful economy we're in. It's a shame, they were a really reputable company that made it through the recession unlike a lot of competitors.

 

They have been running in deep water ( long delivery waits for ever) for some time , it's a shame , but in this economy you better have some capital around, Barry grant ( demon ) ran into the same problems as a few more, these companies are running big bussiness like a small shop , to much overhead and slow production waits , sucks for creditors thou !