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Best. Thread. Ever.
Just when you think it's "jumped the shark" due to years and years of @ADV Fiberglass updates & excuses (now confirmed as lies through their own legal filing), this thread explodes!
After all the potential fraud started to be exposed this week due to the possible actions of a couple clowns, this thread said "Hold my beer"!
The recent addition of OnlyF@ns trailer trash to the mix was not expected (but greatly entertaining)!
Big shoutout to the little simple fella who made all of this possible by laying the foundation in September 2022!
Note: I hope all the victims are made whole again, or at very least see justice served.
If banning them deletes this thread it’s just not worth itHas ADV been banned as a member? They should be after this scam.
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Can't say I didn't call this months ago.....On the surface, the activity surrounding this top has the classic signs of a ponzi scheme. Except replace the phrase "investors" with "customer deposits." Also, rather than paying a return on investment or delivering actual product, I think they're just rolling customer deposit money (and robbing Peter's deposit to refund Paul's).
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And another time I tried warning ya'll! All the signs were there!!I've been watching the activity on this thread for a while now. Had I ponied up the coin and waited this long with nothing to show for the money I spent, I would want to see ADV's financials and get an understanding of what the hell is going on behind the scenes.
2-years without delivering product coupled with all the cash burn associated with operating expenses, R&D costs, additional overhead due to unexpected quality issues, rising interest costs on borrowed money, all in the headwinds of potential economic recession?
If it were me, I would wonder where my money went as a customer. I would wonder if this was a company who appropriately held my funds in reserve while deferring the revenue. I would wonder if the company had other sources of liquidity outside of customer deposits to sustain operations. I would wonder if my funds were misappropriated with management using unearned customer cash to cover liquidity problems driven by the issues above. A little financial transparency from ADV might help ease those concerns.
One thing I've learned in life is that the longer it takes to collect what is due to you, the probability of collection is greatly diminished.
With all that said, I'm not necessarily stating ADV misappropriated funds or is failing for the reasons I cited above. But the reality is that these are real risks and real problems happening in the manufacturing space - right now.
Ultimate risk as a paying customer with no product to show for it, is that a company spent all your money, and you have limited recourse. In a business failure situation, claims to make yourself whole would place you behind a long list of senior creditors who have a priority claim to business assets. $7 grand is no small sum of money to tie up and had I been waiting a year for my top, I would be asking a lot of questions.
Call me shocked, but I'm sort of surprised similar concerns haven't been voiced in the thread already.
With that all said.....
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How about those free Bronco pumpkin carving stencils?
https://www.bronco6g.com/forum/threads/free-bronco-pumpkin-carving-stencils-.82791/unread
I hate to say this post aged well but.......When people finally start to realize they've been had and never see their money again, they're going to end up being the ones feeling like tools.
I mentioned it. There are threads like these in all the major FB Bronco groups. These are from Bronco 6th gen.Several pages ago, someone mentioned a “meltdown over on the facebook group page“. Anyone know what facebook group it is? (Is it just Advanced Fiberglass Concepts?). I’m in the mood for more popcorn.