GTM MHI Kit Group Buy Participants...

puckshaw · 03-12-2014, 10:17 AM

I just got an email from my bank saying they closed the claim for my refund from GTM. I guess that means the refund finally cleared. Only took 4 months.

jwick · 03-12-2014, 10:19 AM

Quote:

Originally Posted by puckshaw

I just got an email from my bank saying they closed the claim for my refund from GTM. I guess that means the refund finally cleared. Only took 4 months.

And you've been boosted for 3 of those months...

puckshaw · 03-12-2014, 10:20 AM

Quote:

Originally Posted by jwick

And you've been boosted for 3 of those months...

Thank god for Sasha

COSMO · 03-12-2014, 10:27 AM

It sounds as if they have to manually take it back from gtm instead of them just issuing you a refund.. No surprise here but I'm glad you have your money back.

Quote:

Originally Posted by puckshaw

I just got an email from my bank saying they closed the claim for my refund from GTM. I guess that means the refund finally cleared. Only took 4 months.

puckshaw · 03-12-2014, 10:33 AM

Quote:

Originally Posted by cosmogirl

It sounds as if they have to manually take it back from gtm instead of them just issuing you a refund.. No surprise here but I'm glad you have your money back.

Yup the refund had to go to my bank instead of my account at this point. My bank had already issued a temporary credit to me but couldn't finalize it until the claim was closed. I'm glad it's finally over.

Chuck33079 · 03-12-2014, 10:22 AM

4 months to find $5-10k to refund you? Sounds like a perfectly healthy business that's not experiencing liquidity issues at all.

Gary Evans · 03-12-2014, 11:27 AM

Quote:

Originally Posted by Chuck33079

4 months to find $5-10k to refund you? Sounds like a perfectly healthy business that's not experiencing liquidity issues at all.

Selling immediately after a prototype is finished, charging the full price for products not yet made, and a growing list of past due deliveries and could result in a very bad ending to the story. It takes more than engineering skill and good intentions for a company to survive. Its a shame really.

Chuck33079 · 03-12-2014, 11:33 AM

Quote:

Originally Posted by Gary Evans

Selling immediately after a prototype is finished, charging the full price for products not yet made, and a growing list of past due deliveries and could result in a very bad ending to the story. It takes more than engineering skill and good intentions for a company to survive. Its a shame really.

Agreed. Aftermarket car parts companies always seem to fail on the business management side of things. This is why you don't let the engineers run the company.

FPenvy · 03-12-2014, 11:34 AM

Quote:

Originally Posted by Gary Evans

Selling immediately after a prototype is finished, charging the full price for products not yet made, and a growing list of past due deliveries and could result in a very bad ending to the story. It takes more than engineering skill and good intentions for a company to survive. Its a shame really.

well......they may have had good intentions but they most certainly are not Fast Intentions

Chuck33079 · 03-12-2014, 11:37 AM

Quote:

Originally Posted by FPenvy

they most certainly are not Fast Intentions

FI is a good example to show how, had GTM done a few things differently, they wouldn't be where they are. FI never promised a date, for one. They flat out said "it'll be ready when it's ready". Also, they kept everyone in constant communication. Frequent updates help, even if the update is "Nothing new to report". And last, they didn't bite off more than they could chew. They didn't try to sell 100 of these things. They started with 10.

TerribleONE · 03-12-2014, 02:40 PM

Quote:

Originally Posted by Chuck33079

FI is a good example to show how, had GTM done a few things differently, they wouldn't be where they are. FI never promised a date, for one. They flat out said "it'll be ready when it's ready". Also, they kept everyone in constant communication. Frequent updates help, even if the update is "Nothing new to report". And last, they didn't bite off more than they could chew. They didn't try to sell 100 of these things. They started with 10.

Well said man

Dzel · 03-12-2014, 10:49 AM

That's what she said...

Sent with TapAhoe

G37sHKS · 03-12-2014, 11:30 AM

Okay this went way to far

In before lock :P

Mkai0 · 03-12-2014, 07:05 PM

When I got my GTM TT refund back, I paid off a loan and bought an LS2 Swapped FD RX7 to play with.

DOOMMONKEY777 · 03-12-2014, 07:43 PM

Damn, you fellas change ur mind lightning fast. If i was like you id be pissed at GTM 2. Lmao.

Oohhh i was thinking about selling my Z and buying a Factory Five GTM and dropping LS7 in to it. Buuuuuttt too much work i rather keep my Z.

03-12-2014, 10:17 AM	#1 (permalink)
puckshaw Track Member Join Date: Nov 2009 Location: Charlotte, NC Posts: 620 Drives: 09 PW 370Z Touring Rep Power: 18	I just got an email from my bank saying they closed the claim for my refund from GTM. I guess that means the refund finally cleared. Only took 4 months. __________________ >>>>>BP Build Thread<<<<<

03-12-2014, 10:22 AM	#6 (permalink)
Chuck33079 A True Z Fanatic Join Date: Nov 2011 Location: Houston Posts: 12,265 Drives: 2011 370ztt Rep Power: 29540	4 months to find $5-10k to refund you? Sounds like a perfectly healthy business that's not experiencing liquidity issues at all. __________________ 2011 MB Touring-Sport-6sp-Nav/GTM TT/FI TT TDX/JTran/Kosmic/Eibach/Hotchkis/SPC/CSF/RPS/SoThatsWhereAllMyMoneyWent

03-12-2014, 10:49 AM	#12 (permalink)
Dzel A True Z Fanatic Join Date: May 2011 Location: Midland, TX Posts: 3,884 Drives: 11 370Z PW M6 Rep Power: 25	That's what she said... Sent with TapAhoe __________________ 10secWS6 IF YOU CAN'T SWING IT THEN DON'T BRING IT! Check out Domestic Performance C.C.

03-12-2014, 11:30 AM	#13 (permalink)
G37sHKS A True Z Fanatic Join Date: Feb 2010 Location: Dubai Posts: 1,183 Drives: 09 G37S Coupe 7AT Rep Power: 22	Okay this went way to far In before lock :P __________________ G37 BUILD UNDER CONSTRUCTION

03-12-2014, 07:05 PM	#14 (permalink)
Mkai0 Base Member Join Date: Dec 2010 Location: Somewhere in Texas Posts: 209 Drives: 2008 G35 Sedan Rep Power: 16	When I got my GTM TT refund back, I paid off a loan and bought an LS2 Swapped FD RX7 to play with. __________________ Eibach, Tanabe, Blitz, Vertini, GTM stage 1.5 SC, Aquamist, Invidia, Alto built 5AT, Edge Racing, Racelogic, GTM driveshaft, 440 whp in 101F TX heat..

03-12-2014, 07:43 PM	#15 (permalink)
DOOMMONKEY777 A True Z Fanatic Join Date: Sep 2010 Location: Crooklyn Posts: 1,014 Drives: 370Z 6psd-sport-pkg Rep Power: 22	Damn, you fellas change ur mind lightning fast. If i was like you id be pissed at GTM 2. Lmao. Oohhh i was thinking about selling my Z and buying a Factory Five GTM and dropping LS7 in to it. Buuuuuttt too much work i rather keep my Z. __________________ Kids don't do Drugs, Drugs are bad, so let the professional druggies do Drugs for you. 537whp/496lb/tq@8-9PSI 93 octane

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