Skully is no more.

[iamjacob]

So it looks like Skully may be closing their doors and leaving all of their customers in the wind.

https://techcrunch.com/2016/07/26/on...share=facebook

Sorry to anyone that pre-ordered.

[Ghostt]

Hopefully someone else will continue their work. It's only natural evolution of the helmet to join the 21st century.

[allanoue]

[nickjpass]

Stinks for everyone who invested.

[Abu_Mishary]

"The shutdown leaves several vendors and Skully’s manufacturer Flextronics with unpaid bills and at least 50 full-time employees out of a job. It’s unclear if any of the vendors will be paid.

That also means the more than 3,000 people who pre-ordered a helmet may never get one – and one source tells us it’s doubtful any of them will be receiving a refund."

Can they actually do this?

I thought when a company went down the drain, they still have to fulfill any orders which they acquired prior? The CEO walked out for about 10 days before the company dissolved.. Drag that sucker's arse for leaving it hanging without proper solution for its customers.

[Snake]

I'm very disappointed, they looked like very nice helmets.

[nickjpass]

Originally Posted by Abu_Mishary

"The shutdown leaves several vendors and Skully’s manufacturer Flextronics with unpaid bills and at least 50 full-time employees out of a job. It’s unclear if any of the vendors will be paid.

That also means the more than 3,000 people who pre-ordered a helmet may never get one – and one source tells us it’s doubtful any of them will be receiving a refund."

Can they actually do this?

I thought when a company went down the drain, they still have to fulfill any orders which they acquired prior? The CEO walked out for about 10 days before the company dissolved.. Drag that sucker's arse for leaving it hanging without proper solution for its customers.

Yes, they invested in the helmet, and there was no guarantee that they'd be made.

[Yakaru]

Originally Posted by Abu_Mishary

Can they actually do this?

I thought when a company went down the drain, they still have to fulfill any orders which they acquired prior? The CEO walked out for about 10 days before the company dissolved.. Drag that sucker's arse for leaving it hanging without proper solution for its customers.

"What you have stands for what you owe" even in a corporate context. Meaning the preorders will, at best, be seen as liabilities for the company and anything the company still owns will be auctioned off to help pay those people back proportionally.

If they had a warehouse of helmets they couldn't "close" the company and reopen it under a different name to avoid filling the orders, but if the helmets and/or refunds aren't there -- you're out of luck.

[Abu_Mishary]

Thanks Yakaru for the clarification. Thanks Nicky for the thought too.

My first impression was that they just close down and leave.

But what Yakaru said was correct. Any prior business engagement with customers will be seen as liabilities to the company. Company assets may be auctioned to pay up debts. But why didn't the company offer itself for sale?

Just asking. Not too familiar with this company.

[InvisiBill]

Originally Posted by Abu_Mishary

Thanks Yakaru for the clarification. Thanks Nicky for the thought too.

My first impression was that they just close down and leave. :D

But what Yakaru said was correct. Any prior business engagement with customers will be seen as liabilities to the company. Company assets may be auctioned to pay up debts. But why didn't the company offer itself for sale?

Just asking. Not too familiar with this company.

Did you read the article? It mentions a number of these things...

There's question about the details regarding the CEO leaving.

According to a source, Weller botched a possible acquisition deal with Chinese company LeSports before leaving the company last week. Another source inside the company said at the time Weller did not ruin the relationship with LeSports and that the deal might still happen now that the former CEO was out of the picture.

However, Weller counters that story, telling TechCrunch he and his brother were forced out of the company after investors disagreed with the LeSports deal he brought to the table, opting instead for an inside round. Another source familiar with the matter confirms his story that he brought in the LeSports deal but said Skully was rapidly running out of cash and it was down to the eleventh hour determining if the numbers added up.

It looks like they're still working to keep it going, if possible.

Update: though it seems an official shut down looms imminent, some within the leadership are holding out hope still.

“The SKULLY executive team is working diligently on closing a round of funding so that we can continue to fulfill our pre-orders and delight our customers,” marketing VP Carlos Rodriguez told TechCrunch late Tuesday night.

The website is still up, which is a good sign (they've been saying it would go offline soon).


I love technology, but I'm not sure how much I like this product. The tech is all integrated into an expensive helmet. When you get a new helmet in 5 years, you're throwing all this away. I'd prefer a system where you can install it into your own helmet (which may not even be possible in reality). This would let you pick the helmet you prefer (brand, shape, color, features, etc.) and transfer the Skully tech when you get a new one. Other than the HUD (which is obviously a major feature), my phone and $150 Sena headset can do basically everything the Skully can.

For the rearview, I think I prefer Reevu's system. It's a simple optical reflection system, so there's not really anything to go wrong with it and it doesn't require power. It's just a reflector above your view, very similar to a car's rearview mirror.

[allanoue]

Originally Posted by InvisiBill

Did you read the article? It mentions a number of these things...

There's question about the details regarding the CEO leaving.


It looks like they're still working to keep it going, if possible.


The website is still up, which is a good sign (they've been saying it would go offline soon).


I love technology, but I'm not sure how much I like this product. The tech is all integrated into an expensive helmet. When you get a new helmet in 5 years, you're throwing all this away. I'd prefer a system where you can install it into your own helmet (which may not even be possible in reality). This would let you pick the helmet you prefer (brand, shape, color, features, etc.) and transfer the Skully tech when you get a new one. Other than the HUD (which is obviously a major feature), my phone and $150 Sena headset can do basically everything the Skully can.

For the rearview, I think I prefer Reevu's system. It's a simple optical reflection system, so there's not really anything to go wrong with it and it doesn't require power. It's just a reflector above your view, very similar to a car's rearview mirror.

The HUD is the only thing
I have a Reevu. To look in the helmet mirror you need to take your eyes off the road and refocus your eyes. With a Skully you would not. The other biggest reason I take my eyes off the road is to look at the speedo, again Skully puts it in front with no need to refocus.

I still have hope, just not much.

It does look like I will be getting a new Reevu before I can get a Skully.

[Yakaru]

Originally Posted by allanoue

The HUD is the only thing
I have a Reevu. To look in the helmet mirror you need to take your eyes off the road and refocus your eyes. With a Skully you would not. The other biggest reason I take my eyes off the road is to look at the speedo, again Skully puts it in front with no need to refocus.

I still have hope, just not much.

It does look like I will be getting a new Reevu before I can get a Skully.

Yeah, a visor integrated HUD I see as the thing I really want. The rest of what Skully did I have covered.

[iamjacob]

Yup,

I was interested until I put a lot of thought into it. The price of the helmet was too much to do with the technology and not the helmet. I want a proven helmet with additional tech.

I couldn't imagine having to bin a helmet with over $1000 of fully functional tech inside because you went down in it. An aftermarket HUD for a helmet would be the way to go.

[csmith12]

A product like google glass had an opportunity here but alas... The tech must be disconnected from the helmet or the cost isn't really justified for your average rider.

[NevadaWolf]

This was actually my first thought about Google Glass, before the obvious questions of safety. Would make for an awesome HUD inside the helmet.

[Abu_Mishary]

According to a source, Weller botched a possible acquisition deal with Chinese company LeSports before leaving the company last week. Another source inside the company said at the time Weller did not ruin the relationship with LeSports and that the deal might still happen now that the former CEO was out of the picture.

"According to a source" is not a definitive decision to where the company is heading. Besides, the article also mentioned on the dismissal of Weller;

However, Weller counters that story, telling TechCrunch he and his brother were forced out of the company after investors disagreed with the LeSports deal he brought to the table, opting instead for an inside round. Another source familiar with the matter confirms his story that he brought in the LeSports deal but said Skully was rapidly running out of cash and it was down to the eleventh hour determining if the numbers added up.

And the addition of how the board saw Weller;

Adding to that, we’ve been told the board thought Weller has been so difficult to deal with since leaving, they now don’t see the point in salvaging the company he started.

There are too many contradictions in this article. Weller was said to have botched a deal but he said that the deal was rejected and informed that he was kicked out instead...

The board said that Weller is difficult to deal with after leaving and another "source" said that some investors are thinking it's better to shut down the whole company instead. I do not think they are serious about "putting the company up for sale".

[cbinker]

Motorcycling is already a small percent of the population, and a small percent of that population could afford that price tag.

[InvisiBill]

Originally Posted by allanoue

The HUD is the only thing
I have a Reevu. To look in the helmet mirror you need to take your eyes off the road and refocus your eyes. With a Skully you would not. The other biggest reason I take my eyes off the road is to look at the speedo, again Skully puts it in front with no need to refocus.

I still have hope, just not much.

It does look like I will be getting a new Reevu before I can get a Skully.

I have a $60 GPS speedo HUD from Amazon. It works great, except that it doesn't work... It does exactly what it's supposed to, but the angle of the 500's windscreen means I have to put my eyes in my stomach to actually see the reflection of the HUD.

But when you're lined up with it, it's perfect.


I wonder if I could mount it in my helmet and use the visor for the projection surface. Hmmmmmm...

[JohnnyBravo]

That would be cool!

[InvisiBill]

Originally Posted by Abu_Mishary

"According to a source" is not a definitive decision to where the company is heading.

I don't think there's any dispute that they were looking into buyers or additional funding. The details are fuzzy (with both sides claiming to be trying to do what's best and the other side disrupting their work), but they didn't just say, "Oops, we're out of money. We give up." It may or may not work out in the end, via one or more methods of getting more money into the company, but the executives are/were at least considering it.

Originally Posted by Abu_Mishary

Besides, the article also mentioned on the dismissal of Weller;



And the addition of how the board saw Weller;


There are too many contradictions in this article. Weller was said to have botched a deal but he said that the deal was rejected and informed that he was kicked out instead...

That was exactly my point. There are conflicting stories about his departure. At this point, it's not a simple fact that he just walked out on the company (even if one side claims that).

Originally Posted by Abu_Mishary

My first impression was that they just close down and leave.

This is what I was addressing. It's not that he just bailed from the company right before it crashed, and the company just bailed on its investors/customers. It's a lot more complex than that, as evidenced by all the conflicting claims shown in just this one story.

[Abu_Mishary]

Originally Posted by InvisiBill

You got to ride tuck in behind the windshield all the time in order to make it "work".. whether you're about to stop or even running for some errands...

[allanoue]

No hope
SKULLY Ceases Operations
It is with great regret we must announce that SKULLY will formally cease operations, effective immediately. Over the past several weeks our management team has worked feverishly to raise additional capital but unforeseen challenges and circumstances, beyond our control, made this effort impossible. What this means now is that SKULLY will no longer be able to ship AR-1 Units or process refunds directly.


Substantially all of the assets of SKULLY are now subject to liens held by a secured creditor. The management team does not know if there will be any value above the amount of the secured debt. In addition, at this time, we are not aware whether there will be any distribution amounts available to unsecured creditors. SKULLY now plans to file a Chapter 7 Bankruptcy case within the next several weeks. You will receive notice from the Bankruptcy Court and instructions on how to file a claim.


Our team is devastated and deeply saddened that our valued partners, vendors, employees and customers have been negatively affected by what has transpired. We realize there are many unanswered questions and that this is a very upsetting situation. We are truly sorry.

-SKULLY

[Abu_Mishary]

I guess the best lesson to learn from SKULLY is that to buy from well established companies? Feel sorry for the customers.

[JohnnyBravo]

Ouch

[csmith12]

booooooo

[allanoue]

Lawsuit claims startup founders used company money to pay for strip club, groceries, and rent

http://www.businessinsider.com/lawsu...ub-rent-2016-8

[JohnnyBravo]

So it was business as usual!.?

[kdogg2077]

Revzilla is covering the lawsuit too.

http://www.revzilla.com/common-tread...ooting-company

Vipers, motorcycles, and strippers oh my!

[JohnnyBravo]

I'm gonna start a corporation anybody wanna contribute?

[cbinker]

Originally Posted by JohnnyBravo

I'm gonna start a corporation anybody wanna contribute?

need partners?

[JohnnyBravo]

Originally Posted by cbinker

need partners?

Might as well... You like vipers, motorcycles, and strippers?

[Abu_Mishary]

Originally Posted by allanoue

Lawsuit claims startup founders used company money to pay for strip club, groceries, and rent

http://www.businessinsider.com/lawsu...ub-rent-2016-8

I guess this benefit was not covered in his letter of appointment.. lol.

Some companies in Malaysia DO PAY for the CEO's accommodation, including company car with a driver, phone bills, internet access, daily newspapers. They just need to bring their arse to work daily! lol.

They are treated as if they are a deity of some sort...

[cbinker]

Originally Posted by JohnnyBravo

Might as well... You like vipers, motorcycles, and strippers?

do you really need to ask?

[JohnnyBravo]

Originally Posted by cbinker

do you really need to ask?

no but it's usually funnier when you do ask