Quoted from frankmac:Looks like Flipping out has a few for sale.
I would consider one if there were parts available. Unfortunately it could turn into a paperweight.
Quoted from frankmac:Looks like Flipping out has a few for sale.
I would consider one if there were parts available. Unfortunately it could turn into a paperweight.
Quoted from kool1:I would consider one if there were parts available. Unfortunately it could turn into a paperweight.
We've had this discussion a few pages back. These games will never turn into paperweights. The electronics are FAST, the flipper mechs are BLY/WMS.
The highest risk in my mind is dropping the playfield so hard that it cracks the plastic - a real concern as the rear of the playfield has wheels and there is no prop rod. But I do think conversion to a wood playfield is possible if required.
Quoted from gold1:Serious the only idiot comment lies with yours.Did Punkin force anyone to purchase a machine? He put money down not like many posters on here that have come over from the pinball is boring thread to throw vitriol around and trying to big note themselves.Others like myself have lost money in the venture.Rather than blaming and putting people down how about being proactive and try to change the way pinballs are sold.That to me is the biggest flaw in the system.
There you have it folks.
Haggis not to blame.
It’s “the system.”
I knew something was fishy in pinball!!
Quoted from Damonator:We've had this discussion a few pages back. These games will never turn into paperweights. The electronics are FAST, the flipper mechs are BLY/WMS.
The highest risk in my mind is dropping the playfield so hard that it cracks the plastic - a real concern as the rear of the playfield has wheels and there is no prop rod. But I do think conversion to a wood playfield is possible if required.
They would have really had to come up with a robust prop for this. The playfield is quite heavy. You need support on both sides at the same time. Even using the single prop on our Centaur at our club feels sketch to me.
Quoted from gold1:Serious the only idiot comment lies with yours.Did Punkin force anyone to purchase a machine? He put money down not like many posters on here that have come over from the pinball is boring thread to throw vitriol around and trying to big note themselves.Others like myself have lost money in the venture.Rather than blaming and putting people down how about being proactive and try to change the way pinballs are sold.That to me is the biggest flaw in the system.
Aren't you the guy who sent me a bunch of love letters when I was warning people that haggis could be a scam? Telling me I was an idiot and troll and whatever dumb names you could think of via PM for speaking out? Saying how wrong I was, and that I'd see and feel really stupid when Haggis triumphed over everyone? I, for the life of me, cannot fathom (no pun intended) the level of ignorance it takes for guys like you and gilligan to come in here and keep acting like you guys are being victimized and everyone should just forget about your bad behavior and move on. Its like taking a giant dump and gassing everyone out of the place then trying to act like you're walking through a rose garden. To Punkin's credit, at least he is the only one who hasn't been going around acting like a complete knob after the thing happened that we all thought was going to happen. He's at least keeping his mouth shut, which is better than whatever wacky stuff you 2 guys have been up to.
Punkin talked a good game but when it came time to pay up he ran out the door. Haggis’s fanboy to the very end…
Quoted from Stuieb84:This was on Facebook, a portion of the Haggis "no words" video so I ripped and uploaded a copy:
A lot of people with no words to say now.
Haggis sure had a lot of money to spend on fancy playfield shipping boxes, Christmas ornaments and slick videos. One thing that set off alarm bells in my head.
Quoted from CubeSnake:Deleted post
Honestly I'm surprised he's not on here doing his tough guy shtick but hiding with your tail between your legs is certainly preferable to spewing ignorance
wow.... interesting reading from liquidators
2.6 million owed unsecured.... that cant be right???
80k secured creditors
only 120k in assets .... but only 18k auction value
but after liquidators 50k cost.... nothing left
haggis was in contact with liquidators back in may....
Quoted from srt-8:wow.... interesting reading from liquidators
2.6 million owed unsecured.... that cant be right???
80k secured creditors
only 120k in assets .... but only 18k auction value
but after liquidators 50k cost.... nothing left
haggis was in contact with liquidators back in may....
I just got the email as well
Quoted from MiniPinHead:Can you link the source? Eye-popping info
lot of private info in the email......
over 40 pages ..... has peoples (creditors) addresses etc
presume everyone with an interest in it will get the email.....
he must have been trading while insolvent to get THAT far behind!
employees hadnt been paid either and parts suppliers etc
Quoted from LORDDREK:Punkin talked a good game but when it came time to pay up he ran out the door. Haggis’s fanboy to the very end…
Someone named Punkin’s Brew lost 14,500 AUD to Haggis, so there’s that….
Yeah it has all of our personal information for those of us that paid in full or made deposits. Hopefully it doesn’t get posted here.
Quoted from fastpinball:FAST didn't make the list because I hadn't invoiced Haggis for the 3 Centaur boardsets I had sent them...
Aaron
FAST Pinball
pretty sure there are many more that are not on the list yet
Quoted from srt-8:pretty sure there are many more that are not on the list yet
I'll bet.
I have been talking to distributors to let them know that FAST is here to help them support their customers on FAST electronics in Fathom. Just trying to find manageable ways to help support those left unsupported on FAST-powered games.
If you are/were a Fathom distributor and we haven't spoken yet, please reach out.
Aaron
FAST Pinball
my name is in there.... probably best not to share the doc.
Sorry to a known US distro, thats a chunk... I wonder though if they didn't do the currency conversions properly for USA creditors. The numbers are very round.
Not that it will matter much, the major creditors are listed as themselves, and the amount to recoup is a couple of cents on the dollar....
Quoted from srt-8:creditors
damien 621k
hartsco 388k
So, you see, we now know who the biggest victim was
Quoted from srt-8:creditors
damien 621k
hartsco 388k
ato 153k
cba bank 95k
amex 57
planatary 56k
wow!
So Damian has claimed $1,009,000 for himself.
Common practise in these cases but always pisses me off. Owners/directors should not be allowed to join the unsecured creditors pool with everyone else. They should have another category that sits at the very bottom called "Creditors Directly Responsible For The Failure And Collapse Of This Business That Should Also Be Subject To A Public Flogging".
On top of that he syphoned off any assets worth anything anyway.
Fraudulent.
Not that it would make any difference - there is no distribution coming.
And I cant believe he is still sending out C&D demands to protect his so called "reputation". Honestly, even the most offensive public slander would have to be a net benefit to his reputation at this point.
Quoted from cooked71:So Damian has claimed $1,009,000 for himself.
Common practise in these cases but always pisses me off. Owners/directors should not be allowed to join the unsecured creditors pool with everyone else. They should have another category that sits at the very bottom called "Creditors Directly Responsible For The Failure And Collapse Of This Business That Should Also Be Subject To A Public Flogging".
On top of that he syphoned off any assets worth anything anyway.
Fraudulent.
Not that it would make any difference - there is no distribution coming.
And I cant believe he is still sending out C&D demands to protect his so called "reputation". Honestly, even the most offensive public slander would have to be a net benefit to his reputation at this point.
totally agree in situation like these the law should allow liquidation of the multiple companies that he put things in - like machinery under Hartsco and probably deposits to his Super Fund business (speculation), then go after his property - shouldn't be allowed to run any business... now and in the future.
Reading the list of names and businesses makes me feel sick.
Hopefully it's ok to post this. I have removed all addresses + distributor/personal names and bunched the totals together.
For those that are curious, so the file with everyone's details doesn't get passed around too much
The middle column is what I am guessing the creditor amount is for. Quite a big one being Business fuel - which looks to be a company that provide loans.
Quoted from Stuieb84:Many of us in this thread have likely worked for bosses with questionable morals.
I'm reserving judgement on Marty and sitting on the fence, based on the limited information that we have available as at 1 August 2024. I think that the fairest thing is to not to have a view and be pragmatic, at least until more information is in the public domain.
EDIT: yes the warning signs were there. I'm not saying that Marty has 0% responsibility, just trying to keep the conversation based on what what can be verified vs. speculation
MARTY wasn't 3 floors away from Damien working in some multi tiered corporation. They were holding each others hand the whole way. He knew exactly what was going down.... for a while too. Yet still banged away on his podcast that everything was roses.
Sorry no reservation of judgement here. Based on common sense, facts, and logic.
thanks for sharing FalconPunch
that is alot of deposits / full payments stolen.....
$850k to customers.
These sorts of collapses also affect other manufacturers. I know of a couple of definite Spooky sales that were ready to go ahead but had to pull out because of what they lost to this.
Then there is the lack of trust and confidence and general mood in the hobby.
Quoted from visualmagic:One crazy page in this document is the 'hourly rate ex GST'. How can it be correct that admin is $150/hr, Supervisors $520/hr, Principal $770/hr. There is not a position listed in this page under $150/hr. It must be a mistake...
... wasnt that the lawyers/liquidators fees?
Yeah, I wondered that - I had to actually send in my proof of creditor. And hence, I am listed. What about those who didn't, would they all be listed?
Quoted from srt-8:... wasnt that the lawyers/liquidators fees?
I realized that on a re-read and had already removed my post - you must have managed to get the quote in before my edit!
Quoted from visualmagic:I realized that on a re-read and had already removed my post - you must have managed to get the quote in before my edit!
Also, these are in AUD. But yeh, insolvency accountancy is lucrative.
Quoted from FalconPunch:Reading the list of names and businesses makes me feel sick.
Hopefully it's ok to post this. I have removed all addresses + distributor/personal names and bunched the totals together.
For those that are curious, so the file with everyone's details doesn't get passed around too much
The middle column is what I am guessing the creditor amount is for. Quite a big one being Business fuel - which looks to be a company that provide loans.
[quoted image]
Man that's crazy. Over $720,000 USD of distributor's and customer's hard earned money gone.
Quoted from visualmagic:I realized that on a re-read and had already removed my post - you must have managed to get the quote in before my edit!
Playing pinball develops fast reaction times!
Quoted from Stuieb84:Damian is still continuing to trade under his other privately owned companies that he is a shareholder and director of like nothing ever happened with Haggis Pinball:
* Hartsco Pty Ltd (IT sales & consulting); and
* EME Property Developments Pty Ltd (subdivision and building townhouses).
Could you register a caveat or similar over his development (if you are out of pocket) and make him take steps to remove?
Quoted from FalconPunch:Reading the list of names and businesses makes me feel sick.
Hopefully it's ok to post this. I have removed all addresses + distributor/personal names and bunched the totals together.
For those that are curious, so the file with everyone's details doesn't get passed around too much
The middle column is what I am guessing the creditor amount is for. Quite a big one being Business fuel - which looks to be a company that provide loans.
[quoted image]
in nz directors still remain personally liable for gst and tax owed by limited company so there is a sliver hope Damian may be held liable for that cost / absolutely heart broken though for those customers that lost their hard earned money - the time line of this one is very curious and I doubt if anything other than moving assets physically and off the books was happening after May - my own opinion is that they are both guilty of misleading and deceptive conduct. There is an absolute standup operator and nice guy in our little country who got burnt by these a-holes / I feel for everyone that has lost out.
I spoke to the liquidators and asked if they pursue 'insolvent while trading' which goes beyond the company protections, and can bring the director to civil and in some cases, actual criminal charges. The representative indicated that they likely will on this one, it seemed from the chat, based on requests for payments in January, with such a long creditor list, and in some cases will send out an email for 'votes' whether they pursue it or not, but the order of things usually does the liquidation first.
In other words, this will likely continue for the directors personally, but it is not an overnight process.
Some more on those potential consequences are here - https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/#consequences-of-insolvent-trading
As I believe there exists strong support to see a penalty eventuate, I imagine there will be a push from the liquidators, or to ASIC directly from creditors, to see a satisfactory outcome, beyond us just bending over, and losing our collective shirts.
.....with financials like this, the overseas trips to the Texas Pinball Festival are pretty terrible
Quoted from Stuieb84:.....with financials like this, the overseas trips to the Texas Pinball Festival are pretty terrible
and that 146k business loan must have had some interesting spin on the financials to get it
Quoted from visualmagic:I spoke to the liquidators and asked if they pursue 'insolvent while trading' which goes beyond the company protections, and can bring the director to civil and in some cases, actual criminal charges. The representative indicated that they likely will on this one, it seemed from the chat, based on requests for payments in January, with such a long creditor list, and in some cases will send out an email for 'votes' whether they pursue it or not, but the order of things usually does the liquidation first.
In other words, this will likely continue for the directors personally, but it is not an overnight process.
Some more on those potential consequences are here - https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-directors/#consequences-of-insolvent-trading
As I believe there exists strong support to see a penalty eventuate, I imagine there will be a push from the liquidators, or to ASIC directly from creditors, to see a satisfactory outcome, beyond us just bending over, and losing our collective shirts.
True .... don't think the liquidators realized initially the scale of this... and yes, if it goes to ASIC (noticed they need to notify them in the email), ASIC has VERY long arms
Wow.
How do those “always back an Aussie” quotes hold up?
Awful to see how many people will be left out of pocket by this fiasco.
If there were crimes committed by those in charge of Haggis Pinball, I truly hope they are held to account.
So looks like it really cost $20k a game to manufacture in Australia as 250 games made and 2.5 million in debt means a loss of $10k for each game manufactured.
Quoted from Ballypinball:So looks like it really cost $20k a game to manufacture in Australia as 250 games made and 2.5 million in debt means a loss of $10k for each game manufactured.
Yeah wow, really? I genuinely think he went in with good intentions but had zero idea of how to cost such an undertaking, and then unfortunately rolled the dice trying to sell his way out of trouble rather than waiving the white flag early.
Quoted from Ballypinball:So looks like it really cost $20k a game to manufacture in Australia as 250 games made and 2.5 million in debt means a loss of $10k for each game manufactured.
Were 250 actually produced? Will make that amount per game higher if 150 were made.
Wanna join the discussion? Please sign in to reply to this topic.
Great to see you're enjoying Pinside! Did you know Pinside is able to run without any 3rd-party banners or ads, thanks to the support from our visitors? Please consider a donation to Pinside and get anext to your username to show for it! Or better yet, subscribe to Pinside+!