New TVR still under wraps! (Vol. 3)
Discussion
PuffsBack said:
Jon39 said:
Any ideas what value would be placed on the 2019 registered TVR Griffith (reported to cost over £10 million to develop and have built) ?
Is that vehicle being shown as a depreciating company asset, on the published TVR balace sheets ?
Well I am drooling constantly over the T440R thats for sale and working out if I sell the Sag and some other toys I could have it as my ultimate toy.Is that vehicle being shown as a depreciating company asset, on the published TVR balace sheets ?
And if the 2019 Griff comes up for sale, well I have £2.50 in my jeans pocket, because that's all that its worth to me. To be fair I would pay a lot more for the pleasure of using a sledge hammer to turn it back to its component parts and setting fire to the lot.
They never had a hope in hell of selling that pig ugly sorry excuse for a TVR
robsco said:
ant550lag said:
Its all academic now!
The only remaining loose thread is when and in what way will this debacle come to an end.
Our time and energy would be better spent debating that.
That’s all a little premature, haven’t you seen the full page spread in Sprint this month? There is exciting news coming up! The only remaining loose thread is when and in what way will this debacle come to an end.
Our time and energy would be better spent debating that.
Latest, comprehensive, update from TVR.
27/10/2018
"Well, the ‘Big News’ we are working on, as alluded to in our last update, is not quite ready to be divulged just yet "
"make no apology for ensuring we don’t trip over our shoelaces in finalising what will be the most important deal in the history of TVR, by a huge factor."
31/08/2019
"we thought we were ‘there’ with two counterparties (this in fact was the ‘Big News’ we alluded to in a previous update) but for the reasons above, the deals and the counterparties weren’t right."
and
" Luckily, the vast majority are willing to wait for a ‘great thing’…and we’re going to deliver it! Thanks to everybody who continues to be part of the history of TVR – you’re going to get a fantastic TVR-designed car, engineered by legendary Gordon Murray CBE, and powered by a mega V8 - what’s not worth waiting for??!"
How can anyone possibly doubt what the chairman says?
My guess is the latest 'exciting news' will be they are going to sign the lease (the 6 month storage lease runs out on Wednesday 22nd).
sixor8 said:
baconsarney said:
...So, so much for new Griff and TVR roaring back. At least the ill fated De Lorean had a starring role in some Hollywood block busters.... Great Scott
The De Lorean was actually in production at least. 
Viper201 said:
31/08/2019
"we thought we were ‘there’ with two counterparties (this in fact was the ‘Big News’ we alluded to in a previous update) but for the reasons above, the deals and the counterparties weren’t right."
"we thought we were ‘there’ with two counterparties (this in fact was the ‘Big News’ we alluded to in a previous update) but for the reasons above, the deals and the counterparties weren’t right."
Ah well, that has put me straight then.
Financial investment is simply about putting out money today, with an expectation of getting more money back in the future.
I had thought, that potential 'new' TVR investors, must have realised they wouldn't get more money back in the future.
In fact, they must have even feared they would probably lose all of the money.
However, I now accept that I was wrong.
We now know the true reason, "... the deals and the counterparties weren’t right".
Funny, think I just saw a pig fly by.
LucyP said:
Classic Chim: Do you just make things up? Do you like being sued for defamation?
I'm the last person on here to defend TVR, but how can you say that they had "little or no interest in building another 500". You can't say that. You simply don't know. It's potentially defamatory.
Once again - you don't know how business works do you?
You criticise TVR for taking deposits for a car that you say that they could not build without outside backers.
That's how business works!
Let's keep this simple again. Have you ever seen Dragon's Den on BBC2? It's been on for years. Basically, a person comes on with some product that they have invented, which they think that there is a market for. They don't have enough money to get it to the market, produce it, etc. etc. and they pitch their idea to the panel and see who will invest a sum of money in their business, in return for a stake in that business.
If the panel think the product is flawed, or the sales forecast is unrealistic, etc. then they tell the inventor so, and there is no investment and that is probably the end of the road.
If they do invest, then that can result in massive success. For example, they invested £50,000 into one man's food sauce business. That sauce is now stocked in most supermarkets and the business is now valued at £30 million. Without that "outside backer", the man might never have produced or sold any sauce.
It hasn't worked out for TVR. The reasons have been rehearsed on here so often, that we don't need another rehearsal, but Les Edgar is no amateur businessman. He was a major player in the video games industry and he merged his business with EA before he left. The current market capitalisation of EA is over US$36 billion.
I don't think that you placed a deposit for the new TVR did you? Therefore you don't know what was said to deposit holders. What we do know is that the deposit was fully refundable and we know from comments on here that people have requested and received that refund, so where is the prejudice?
Even if they were told nothing, it was pretty obvious to those customers that the business was a start-up, that it had no factory, no workforce, and it only had one prototype, produced by a 3rd party, which needed further development to comply with the rules and customer expectations before it could be sold. They must have known that they may never get a car.
Those customers must have known that it wasn't the same as walking into a Porsche showroom, ordering a car, paying the deposit, and the salesperson telling them what allocation the dealership had for each variant of the model, and depending upon the chosen variant, what date the customer's factory build slot would be.
You have completely ignored the fact Les told us umpteen times new Tvr was going to start production on this date then the next then the next and so on.I'm the last person on here to defend TVR, but how can you say that they had "little or no interest in building another 500". You can't say that. You simply don't know. It's potentially defamatory.
Once again - you don't know how business works do you?
You criticise TVR for taking deposits for a car that you say that they could not build without outside backers.
That's how business works!
Let's keep this simple again. Have you ever seen Dragon's Den on BBC2? It's been on for years. Basically, a person comes on with some product that they have invented, which they think that there is a market for. They don't have enough money to get it to the market, produce it, etc. etc. and they pitch their idea to the panel and see who will invest a sum of money in their business, in return for a stake in that business.
If the panel think the product is flawed, or the sales forecast is unrealistic, etc. then they tell the inventor so, and there is no investment and that is probably the end of the road.
If they do invest, then that can result in massive success. For example, they invested £50,000 into one man's food sauce business. That sauce is now stocked in most supermarkets and the business is now valued at £30 million. Without that "outside backer", the man might never have produced or sold any sauce.
It hasn't worked out for TVR. The reasons have been rehearsed on here so often, that we don't need another rehearsal, but Les Edgar is no amateur businessman. He was a major player in the video games industry and he merged his business with EA before he left. The current market capitalisation of EA is over US$36 billion.
I don't think that you placed a deposit for the new TVR did you? Therefore you don't know what was said to deposit holders. What we do know is that the deposit was fully refundable and we know from comments on here that people have requested and received that refund, so where is the prejudice?
Even if they were told nothing, it was pretty obvious to those customers that the business was a start-up, that it had no factory, no workforce, and it only had one prototype, produced by a 3rd party, which needed further development to comply with the rules and customer expectations before it could be sold. They must have known that they may never get a car.
Those customers must have known that it wasn't the same as walking into a Porsche showroom, ordering a car, paying the deposit, and the salesperson telling them what allocation the dealership had for each variant of the model, and depending upon the chosen variant, what date the customer's factory build slot would be.
That’s clearly been shown to be pie in the sky and lies.
Taking deposits at that stage after suggesting and even giving rough dates is immoral is it not?
Just read the comments from people after your post which confirms much of this even if you have a bug to bare with me, really I don’t need to answer to any of your comments just like most people tend to ignore your vulgar attempts to insult anyone who doesn’t agree with you.
I understand making up garbage to support your business aspirations is not good business and now we have all realised it’s all rubbish.
Imagine going to the Dragons and giving them this load of old bull, them investing to later find out your a lying son of a,,,, oh I better be careful what I say next
Yes I know they would do there due diligence and realise it’s all a myth.
Edited by Classic Chim on Monday 20th November 19:06
Edited by Classic Chim on Tuesday 21st November 10:11
In the early days this topic was like those heist films where the crims go doolalley with joy at seeing the loot and shout about how they’re going to spend it, ignoring that it’s not safe in their banks, they have no escape route and theres half a dozen swat teams bearing down on them.
People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
GeneralBanter said:
In the early days this topic was like those heist films where the crims go doolalley with joy at seeing the loot and shout about how they’re going to spend it, ignoring that it’s not safe in their banks, they have no escape route and theres half a dozen swat teams bearing down on them.
People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
Well that took you a while People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
baconsarney said:
GeneralBanter said:
In the early days this topic was like those heist films where the crims go doolalley with joy at seeing the loot and shout about how they’re going to spend it, ignoring that it’s not safe in their banks, they have no escape route and theres half a dozen swat teams bearing down on them.
People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
Well that took you a while People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
Classic Chim said:
LucyP said:
Classic Chim: Do you just make things up? Do you like being sued for defamation?
I'm the last person on here to defend TVR, but how can you say that they had "little or no interest in building another 500". You can't say that. You simply don't know. It's potentially defamatory.
Once again - you don't know how business works do you?
You criticise TVR for taking deposits for a car that you say that they could not build without outside backers.
That's how business works!
Let's keep this simple again. Have you ever seen Dragon's Den on BBC2? It's been on for years. Basically, a person comes on with some product that they have invented, which they think that there is a market for. They don't have enough money to get it to the market, produce it, etc. etc. and they pitch their idea to the panel and see who will invest a sum of money in their business, in return for a stake in that business.
If the panel think the product is flawed, or the sales forecast is unrealistic, etc. then they tell the inventor so, and there is no investment and that is probably the end of the road.
If they do invest, then that can result in massive success. For example, they invested £50,000 into one man's food sauce business. That sauce is now stocked in most supermarkets and the business is now valued at £30 million. Without that "outside backer", the man might never have produced or sold any sauce.
It hasn't worked out for TVR. The reasons have been rehearsed on here so often, that we don't need another rehearsal, but Les Edgar is no amateur businessman. He was a major player in the video games industry and he merged his business with EA before he left. The current market capitalisation of EA is over US$36 billion.
I don't think that you placed a deposit for the new TVR did you? Therefore you don't know what was said to deposit holders. What we do know is that the deposit was fully refundable and we know from comments on here that people have requested and received that refund, so where is the prejudice?
Even if they were told nothing, it was pretty obvious to those customers that the business was a start-up, that it had no factory, no workforce, and it only had one prototype, produced by a 3rd party, which needed further development to comply with the rules and customer expectations before it could be sold. They must have known that they may never get a car.
Those customers must have known that it wasn't the same as walking into a Porsche showroom, ordering a car, paying the deposit, and the salesperson telling them what allocation the dealership had for each variant of the model, and depending upon the chosen variant, what date the customer's factory build slot would be.
You have completely ignored the fact Les told us umpteen times new Tvr was going to start production on this date then the next then the next and so on.I'm the last person on here to defend TVR, but how can you say that they had "little or no interest in building another 500". You can't say that. You simply don't know. It's potentially defamatory.
Once again - you don't know how business works do you?
You criticise TVR for taking deposits for a car that you say that they could not build without outside backers.
That's how business works!
Let's keep this simple again. Have you ever seen Dragon's Den on BBC2? It's been on for years. Basically, a person comes on with some product that they have invented, which they think that there is a market for. They don't have enough money to get it to the market, produce it, etc. etc. and they pitch their idea to the panel and see who will invest a sum of money in their business, in return for a stake in that business.
If the panel think the product is flawed, or the sales forecast is unrealistic, etc. then they tell the inventor so, and there is no investment and that is probably the end of the road.
If they do invest, then that can result in massive success. For example, they invested £50,000 into one man's food sauce business. That sauce is now stocked in most supermarkets and the business is now valued at £30 million. Without that "outside backer", the man might never have produced or sold any sauce.
It hasn't worked out for TVR. The reasons have been rehearsed on here so often, that we don't need another rehearsal, but Les Edgar is no amateur businessman. He was a major player in the video games industry and he merged his business with EA before he left. The current market capitalisation of EA is over US$36 billion.
I don't think that you placed a deposit for the new TVR did you? Therefore you don't know what was said to deposit holders. What we do know is that the deposit was fully refundable and we know from comments on here that people have requested and received that refund, so where is the prejudice?
Even if they were told nothing, it was pretty obvious to those customers that the business was a start-up, that it had no factory, no workforce, and it only had one prototype, produced by a 3rd party, which needed further development to comply with the rules and customer expectations before it could be sold. They must have known that they may never get a car.
Those customers must have known that it wasn't the same as walking into a Porsche showroom, ordering a car, paying the deposit, and the salesperson telling them what allocation the dealership had for each variant of the model, and depending upon the chosen variant, what date the customer's factory build slot would be.
That’s clearly been shown to be pie in the sky and lies.
Taking deposits at that stage after suggesting and even giving rough dates is immoral is it not?
Just read the comments from people after your post which confirms much of this even if you have a bug to bare with me, really I don’t need to answer to any of your comments just like most people tend to ignore your vulgar attempts to insult anyone who doesn’t agree with you.
I understand making up garbage to support your business aspirations is not good business and now we have all realised it’s all rubbish.
Imagine going to the Dragons and giving them this load of old bull, them investing to later find out your a lying son of a,,,, oh I better be careful what I say next
Yes I know they would do there due diligence and realise it’s all a myth.
I find you come across as a very sad person who appears to have a bad mental attitude towards TVR so please find something you do like and go support it as that might be better for your health.
Have a good day and life but don’t attempt to talk to me again as I can’t be arsed and have better things to do with my time.
Edited by Classic Chim on Monday 20th November 19:06
Gazza, OMG man, someone’s hijacked your account and put up an almost sensible post… how did it happen? Will it happen again? Can you stop it? Are we all at risk? What will you do next? Are you and Lucy a thing? These are the things we need to know… hope you get better soon man…..
All the best,
Bacon
All the best,
Bacon
glow worm said:
baconsarney said:
GeneralBanter said:
In the early days this topic was like those heist films where the crims go doolalley with joy at seeing the loot and shout about how they’re going to spend it, ignoring that it’s not safe in their banks, they have no escape route and theres half a dozen swat teams bearing down on them.
People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
Well that took you a while People were even discussing interior trim, colour options and all sorts which was incredibly naive but understandable (to an extent). But there was not even a factory.
I was literally laughed out for defending TVR, and when it got really silly (4-5 years ago) I gave up being an ardent supporter of New TVR.
I mean how can anyone still support or believe this tissue of rubbish that spills so easily in the sickly candy flossed missives ??
They've made an absolute mockery of the marque and are zilch to do with Proper TVR (1948-2007). They’ve piggy backed the name and used it to poorly promote what? A fantasy - and we’ve all been fools for going along with it.
Clunk
Zzzz…
It looks like TVR has 'forgotten' to inform the local council that they are 'occupying' part of the factory. The 'revenues visiting officer' went to the factory where she spoke with the guard on the gate who told her there was no one there. The government had sent her a copy concerning the 6 month lease for storage purposes which expires today.
Money must be really tight then.
Money must be really tight then.
Viper201 said:
It looks like TVR has 'forgotten' to inform the local council that they are 'occupying' part of the factory. The 'revenues visiting officer' went to the factory where she spoke with the guard on the gate who told her there was no one there. The government had sent her a copy concerning the 6 month lease for storage purposes which expires today.
Money must be really tight then.
Money must be really tight then.
Failure to formally renew that lease (even if rent £0.00) presumably ends any further right to 'occupy'.
Would that now mean the government can remove all the contents and sell, or dispose ?
Any guesses about what TVR might have been storing in their part of the factory?
Perhaps there might be some repossessed (new) TVR Griffith brochures appearing on ebay soon.
Or, maybe there was nothing stored there at all. Simply a way of fooling everyone into thinking, TVR is very busy doing storage activity, in preparation for ................ .
Is this part of the factory, the same part where prototyping work was being/to be undertaken ?
The Welsh government claim to be experienced, expert, organisational managers. Even Mr. (don't call me Sir) Starmer, says everything is run better in Wales. We should therefore very shortly see the proposed TVR factory advertised for sale, or letting. Surely with their excellent reputation to uphold, the government would not just ignore this asset.
Edited by Jon39 on Tuesday 21st November 14:31
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