Everything Attachments - Bankrupt?

fried1765

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North Idaho Wolfman

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He hasn't sold it yet:

Not a house you want to walk around naked in, well unless you look HOT naked like me! :ROFLMAO:

 
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GeoHorn

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The ”glass houses” reference certainly offers opportunities for humor,….but despite the dislike of the business-model, I don’ t know of any deliberate mistreatment of customers. Most customers have had praise of his product once received and many repeat the experience.
Perhaps he’s willing to give up his lifestyle in order to return customers money..? …or to fight his fight with a building-contractor. Either way, I’d not want to kick a man while he’s down.
Hopefully this will turn out well for all concerned.
 

Jim’sMX

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Looks like he might have sold his house on the lake. This story sure is getting weirder by the hour.


View attachment 121953
This is how you live when folks are lined up to let you hold their money for 6mos. Heck even the bank pays .5% to hold your money. WOW that’s NASCAR driver level opulence.
 

The Evil Twin

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This is how you live when folks are lined up to let you hold their money for 6mos. Heck even the bank pays .5% to hold your money. WOW that’s NASCAR driver level opulence.
Not necessarily. From that article, I'm gathering that he inherited the property from his parents. He just built another house on it.
Aside from that, just because you (or the bank) own something valued at $xxxx doesn't mean that you have any liquid assets at all. Or, that your business is turning a profit.
Hell, I know two guys that sold their homes to keep their business afloat when feces hit the ventilator.
 

GreensvilleJay

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grr. tried to read that hickoryrecord article but need to pay to view..........
anyone know how to make it available ?
 

TheOldHokie

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grr. tried to read that hickoryrecord article but need to pay to view..........
anyone know how to make it available ?
Cliff Notes version from multiple sources:

He is selling his glass lake house, claims to be building 5 new ones for other people.

Got busted with just short of 1/2 pounnd of pot. Appeared to be missing just enough for a pan of brownies.

Claims EA does 32M in annual sales and has negotiated very substantial tax breaks for expanding his implement business. Those agreements are now on hold.

Dan
 
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The Evil Twin

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grr. tried to read that hickoryrecord article but need to pay to view..........
anyone know how to make it available ?
Copied from the article. I don't see anything about the herb though.

ALERT FEATURED
Conover-based Everything Attachments faces scrutiny from customers
Everything Attachments General Manager Nate McAbee, seen here in January 2023, points to some of the new equipment the company acquired as part of its planned expansion. The company is facing criticism from customers who are complaining of delayed orders and a lack of response from the company.
What is going on at Everything Attachments?
The voicemail of the Conover-based company which manufactures blades, buckets and other heavy equipment attachments was full as of Monday afternoon. County tax records list the company as delinquent on its $52,152 tax bill. And customers are concerned over order delays and the lack of response from the company.
Mike Minarik, a corrections officer from the Upper Peninsula of Michigan who is planning to retire in March, is one of those customers.
Minarik said in a phone interview Monday he spent $2,600 on a grapple from Everything Attachments to go with his new tractor. He made the payment on Nov. 6.


“There was a four-month waiting period,” he said. “I was OK with that. They have a good reputation. But now I am worried sick about this.”
Minarik said Monday that he has not been able to get a response from the company. He is not the only customer concerned about the state of the company.


In the recently created “What happened to Everything Attachments” Facebook page, several customers said they were seeking refunds for orders placed in September or August which they have not received. A few who had ordered items in September said they heard from the company in early January that their items would be ready in about a month.

Nate McAbee, the company’s general manager, did not respond to a voicemail and text asking about the company and status of outstanding orders as of 3 p.m. Monday.

In January 2023, McAbee acknowledged delays in orders, a situation he blamed on a lack of space. The company sued Hickory contractor Neill Grading in October 2022, saying the contractor’s poor workmanship left Everything Attachments with a new factory building they were unable to occupy.

Neill Grading denied the claims from Everything Attachments and filed a countersuit against the company. The contractor said that Everything Attachments denied them access to the property, failed to make payments and misused funds from a construction loan through Fidelity Bank.

Everything Attachments had also entered into incentive agreements with Catawba County and the city of Conover.

Under those deals, the company was required to create 150 jobs and invest $20 million as part of an expansion. In exchange, the local governments agreed to provide property tax incentives — $376,200 from the county and $228,000 from Conover — over a period of a few years.
The agreement requires Everything Attachments to meet those job and investment goals by the end of 2025. Incentives are only paid if the company satisfies those performance goals.

Kevin Griffin is the City of Hickory reporter at the Hickory Daily Record.
 
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fried1765

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D2Cat

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You can pull the plug and drain the oil but you won't know what you have until you see what's in the bottom of the bucket. ;)
 
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fried1765

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ayak

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Copied from the article. I don't see anything about the herb though.

ALERT FEATURED
Conover-based Everything Attachments faces scrutiny from customers
Everything Attachments General Manager Nate McAbee, seen here in January 2023, points to some of the new equipment the company acquired as part of its planned expansion. The company is facing criticism from customers who are complaining of delayed orders and a lack of response from the company.
What is going on at Everything Attachments?
The voicemail of the Conover-based company which manufactures blades, buckets and other heavy equipment attachments was full as of Monday afternoon. County tax records list the company as delinquent on its $52,152 tax bill. And customers are concerned over order delays and the lack of response from the company.
Mike Minarik, a corrections officer from the Upper Peninsula of Michigan who is planning to retire in March, is one of those customers.
Minarik said in a phone interview Monday he spent $2,600 on a grapple from Everything Attachments to go with his new tractor. He made the payment on Nov. 6.


“There was a four-month waiting period,” he said. “I was OK with that. They have a good reputation. But now I am worried sick about this.”
Minarik said Monday that he has not been able to get a response from the company. He is not the only customer concerned about the state of the company.


In the recently created “What happened to Everything Attachments” Facebook page, several customers said they were seeking refunds for orders placed in September or August which they have not received. A few who had ordered items in September said they heard from the company in early January that their items would be ready in about a month.

Nate McAbee, the company’s general manager, did not respond to a voicemail and text asking about the company and status of outstanding orders as of 3 p.m. Monday.

In January 2023, McAbee acknowledged delays in orders, a situation he blamed on a lack of space. The company sued Hickory contractor Neill Grading in October 2022, saying the contractor’s poor workmanship left Everything Attachments with a new factory building they were unable to occupy.

Neill Grading denied the claims from Everything Attachments and filed a countersuit against the company. The contractor said that Everything Attachments denied them access to the property, failed to make payments and misused funds from a construction loan through Fidelity Bank.

Everything Attachments had also entered into incentive agreements with Catawba County and the city of Conover.

Under those deals, the company was required to create 150 jobs and invest $20 million as part of an expansion. In exchange, the local governments agreed to provide property tax incentives — $376,200 from the county and $228,000 from Conover — over a period of a few years.
The agreement requires Everything Attachments to meet those job and investment goals by the end of 2025. Incentives are only paid if the company satisfies those performance goals.

Kevin Griffin is the City of Hickory reporter at the Hickory Daily Record.
this is beginning to resemble a mashup of episodes of Jerry Springer and Judge Judy. And since Jerry died recently (awaiting his delivery, no doubt), Judge Judy it is…
 
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FTG-05

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post #10 at www.ar15.com site is interesting..

also 'link' to the tax deals made, to begin in 2025 AFTER hiring 150 more and EA giving 20mill to community...
Greens, that link just goes to the AR15.com site, not a specific thread. What is the thread title and is it active or archived?


I looked yesterday afternoon at EA's YT channel and they haven't posted a video in four months. Usually, they appear to post at least one per month. :(

Thanks,
 
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GreensvilleJay

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apparently there's a 'what happened to EA' facebook page and comment #10 was a guy who said his friend worked at EA until 2/2 when is closed it's doors.
somehow the 'link' got chopped....


ok THIS link worked......
 

tractorguy32

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I was an employee there for several years, and I want to explain what's really happened to EA in hopes or ending the widespread speculation on this forum. The owner was not paying bills, including carrier/shipping debt (175k to FedEx alone several months ago), third party vendors, taxes, etc. In some cases a customer would request a refund because the wait was longer than initially projected, but our manager would tell us "we really don't have enough in the account for a refund currently". While EA manufactures quality attachments, Ted/Nate were absolutely using money from new orders to cover material costs for older orders. A previous post mentioned the "rob Peter to pay Paul" business strategy, and that is absolutely what was taking place at EA. In addition, some of that money was wasted on non-work related projects like a new Tesla and dock parties at the glass house. We had multiple welders spend close to a year at his glass house on the lake, doing renovations and updates instead. We suggested advising a more accurate lead time (5-6 months, instead of 3-4 months which is what we were telling folks), and Ted's response was "they won't buy if the lead time is too long!". Ted's excessive and wasteful spending is the biggest contributor to EA's downfall. If you have an order in, get your money back if you still can. EA was little more than a glorified Ponzi scheme at the end of its lifetime.

*this was also posted on Tractorbynet, on a now locked forum*
 
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