I have a 91mm spare somewhere if you're interested.

They're still open.



I don't think anyone really understands how bankruptcy works... (Not talking specifically to you Z eliminator). Anyways, filing for bankruptcy is a way for you to "restructure your debt". Honestly what it is, is protection from your stuff getting repo'd, AND you don't have to make payments on it (you should, but no one is gonna stop you). The disadvantage is that your credit goes to non existent. You need a loan to buy more turbos? No. Need to use your credit card? Ehhhhhhh... Good luck.
Now, speaking as a camel jockey (Sam is one too)... He'll probably let this business tank so he doesn't have to repay any of his debts, and start a new one IMMEDIATELY under some other families name and the GTM storefront we see will never close...

at that point what happens to the goods . eg my engine, cams, and all the other parts ?
do they get sold off ? or does he complete the work ?

Z

Good luck, perhaps you should give him a call... Hopefully he can do a special treatment for his fav customer...

You of all people need to be contacting an attorney.

First, take physical possession of your parts - you still own them, and you WILL probably require the services of a lawyer to do so.

For the things that you pre-paid for, you are a creditor to the business and this indebtedness to you makes you just another of the creditors whose debts will be "re-structured". You might argue that you can take it in parts but they would all have to be in-stock but whoever is managing the business under the Chapter 11 arrangement will need to sanction it, so start a dialogue with whoever that is overseeing the business.

You are out of time and need to take some action, otherwise you risk losing everything that you actually own as well as the money you've prepaid.

It is time for some action on your part ...

I'll never own a car again that has a small after market following. The options for the Z are zero to overpriced when it comes to TT.

I believe they got the money from Sam's bank, it took 3 attempts though in the space of 2 weeks.

I think if it declined 1 more time they were going to credit me the money and take on the debt collection themselves.

So wait a second... you guys are saying that the financed equipment does not get repossessed?

I think it will if the financiers don't agree to the payback terms presented in court. its kind of a 'stop everything', until the judge hears the case and makes decisions. Everyone who paid for turbo kits and other stuff though, is at the bottom of the pile and pretty much SOL, unfortunately.

I talked to my tuner today and sent them a heads-up that GTM filed.

Their response was, "oh yeah, we haven't given them a dime in 2 years".

I have dealt w a few bankruptcies you do not need a lawyer but you will need to file a claim. The claim of what was owed so you would normally put monetary amount owed, for example their landlord would out $xxxx for rent due. Others for leased equipment, I know normally all leased equipment gets picked up very fast....

Forgot to mention there X amount of days that you have to file or you will not be able to file a claim or even attempt to collect anything later, usually they pay out cents to the dollar with a small company like this there probably is 0 left and all accounts have been bled dry.

I'd imagine GTM went forth with this group buy with absolute knowledge of their sinking financial issues. Yet GTM continued accepting money for a product that was never to be produced.

Like mentioned earlier, they will get off without having to pay any debt back and begin a new business under new name.

The American dream.

Again can someone please explain to me why they are still allowed to be a sponsor on this forum. This forum should belong to us, the members for which it was created, not for shady, greedy, irresponsible businesses like gtm. How can we stand for this?? Will someone please explain the reasoning behind this?? Surely it can't be as simple as "they paid their dues" somebody please say it ain't so. By allowing them to remain on this forum the administration is making it easier for them to victimize more of us. I know our admins are good people so it has to be complicated. Someone please enlighten me. I've asked this question before but it hasn't been answered yet

This happens all the time...or they crash...

I've enjoyed reading this entire thread...

You sir have made a great donation!

We need to make sure if GTM starts back up we (370z's/G37's) do not support them!! I do not think GTM will come back to us. They will target another car, BRZ...

Im glad I bailed on GTM and went Boosted Performance. I dodged a bullet on that one.

Same here.:tup:

They should not even be considered a sponsor on this forum after all that has happened then then again it all boils down to money and greed. After all that has happened the admins would step up and make a judgment call to protect any other non-suspecting z owners from buying anything from gtm. There I said it ...

At this point the forum is just getting free money from them... So why not? The forum needs money to operate.
I doubt GTM is making any sales off the forum

Well maybe if we keep talking about it we will get a response from someone who can give a clear cut answer. Something that makes sense. If not then I think that is an answer in itself

Please! Please do not take this the wrong way but I'm honestly surprised to hear you say that. I think its really clear why not. Its a matter of decency and respect for the members that make up this family. If I'm the father of a family (admin.) And someone is taking advantage of my children or extended family then I would take steps to protect my own. I would think it would be a no-brainer, a knee-jerk reaction. Or at least call bullshi*!!!

No what will happen is this thread will be lcoked and deleted as many others have in the past. There are a lot of people who have no idea of gtm business practices. If sam had taken my money if I participated in this GB I would be making a trip to cali... You can count on that.

It's funny because I was actually one of the first to start to complain about gtm and was even threatened to be banned if I continued to tell what actually happened to me...

I know one of the admins owns a gtr so I seriously doubt he is hurting for money so it basically boils down to legit business practices on all ends...

Are you freaking serious???? That's really disappointing.

No this won't be locked or deleted, Have you looked? You'd find all of GTM's threads good and bad posts.

I thought I pointed that out in the other GTM thread where same allegations about admins were made. Honestly I don't know what say anymore.


Do you remember how at time there wasn't all this info there is now? How are WE going to know an isolated issue to unhappy customer when at time other members were getting parts or service. Fast forward now and there is no question there are big problems with GTM and I would expect AK to deal with it. I can't do anything once again

Correction a Moderator, and HE MC (Matt) is on here to primarily share GTR info and thats ALL. He has nothing to do with GTM here so lets not start jumping to assumptions.

On the conduct of GTM I agree But to hold a forum whom has no responsibility in the business transactions of a buyer and seller sure we try to help sometimes But if one party doesn't cooperate what more can be done? Trash them now what?, Lets not forget that a buyer has to do his homework, and if he doesn't! WHY is it the fault of a forum, Will we blame the internet if the same people bought from their website, and ended up with the same results? of course not. GTM's caused all this and lets remember that. I again have been pretty straight up and anyone that knows me knows I have nothing to hide or gain here with ANY vendor But to keep things humming along as best as possible albeit it alone most of the time. I rarely get thanks for all I do here from members, But an occasional spat on. I was told along time ago Modding isn't easy since you sometimes can't win no matter what side your on. But rest assure Im on the members side as hard as you might think. I can only hope those whom are owed money get it back one way or another.

Well let me start by saying I certainly appreciate you and all the people that make this forum possible. My comment you quoted was in response to Cosmo saying he was threatened which surprised the hell out of me. I agree that you guys aren't responsible for the actions of others I'm only speaking to after the fact. I'm just surprised that gtm seems to get away with taking people's hard earned money and using this forum as a medium to do it. I didn't mean to personally offend you or anyone like I said I appreciate all the work that goes into making this forum what it is and its that same love and appreciation that angers me when the people who make up this family get taken advantage of. I'm just surprised that nothing has been done. I'm sure gtm has some sort of legal rights considering there was some sort of binding agreement when they submitted payment but I think that at some point enough should be enough.

I don't know how ak370 does it. Its gotta be crazy trying to hold down a job a family and this family as well! Props!

This is my post from yesterday on another thread.

No harm No foul :tup:
I totally agree, But that has a price and We all know what it is now. :ugh2:

Trips I think your doing a Great job and you should be told more.. He is right, no one knew gtm would be a total complete failure in the long run.. We all need to make sure if and when they do file for bankruptcy and decide to open up in a different name we know and can find out... They had such a good thing going at one time, what a shame..

Just wondering as I only have this and a few older threads to go off of...

Did GTM show any sign of failure previous to this group buy? Did GTM have a community in the 350z market?

When a new member joins the forum and observes the listed forum sponsors on here, the normal assumption is this is a legitimate business.

After all this mayhem with GTM, please remove them so future Z members don't make this mistake.

I remember this

I would have to agree with you. Even if they aren't getting many sales from the members on this forum something should be done to make an example out of them. It would also mean a lot to the people who were taken advantage of if they were reprimanded. It would say to them that this kind of treatment of our members won't be tolerated! Even a simple statement would go a long way and I don't think I'm alone in this. I'm not saying a mob beating is in order or even an apology is owed I'm just saying the regulars on this forum feel a great sense of camaraderie when together. We often refer to ourselves as a family and I know I'm one of those people so when something like this happens it would go a long way if we were made to feel more important than a shady sponsor who robs people of their honest, hard earned money. This is in no way meant to point fingers or offend I'm just giving a suggestion and its merely my personal opinion and we all know opinions are like A-holes everyone has one!

Beating a dead horse... Just move on.

Refer to the last line on my previous post

What you're saying has already been said before. Just read some of the responses tough guy. Like cosmo said people can get in to trouble about it. So to help you out, just try to not to worry about that part. Good luck.