Black ovis/camofire going out of business?

[Gonewest]

The bank seized everything

 

[TandKHunting]

Looking at a rebrand maybe? Odd way to rebrand, but alright I guess…

That Camo Fire Vault has been a thing for a while now. It's just a VIP program.

On another note. There was a post on Facebook with a now former employee saying yesterday was the last day of Camo Fire and Black Ovis being in business.

As for inventory. It's possible some other entity purchased all of the inventory, or the companies themselves offered to buy the products back at a lower cost than what they sold them to Camo Fire / Black Ovis for.

 

[roadrunner]

Yup. Even if you're bringing in revenue every month, by the end of the 3rd quarter, if you're negative cash flow, it's gonna catch up to you eventually. If there's a decrease in revenue or an increase in input costs, that'll accelerate.

Not necessarily.

 

[Taco John]

As more, and more people understand the ponzi point schemes, and realize they aren't getting a tag, they're going to drift off to something else.

The bubble will collapse at some point.

 

[Hnthrdr]

That Camo Fire Vault has been a thing for a while now. It's just a VIP program.

On another note. There was a post on Facebook with a now former employee saying yesterday was the last day of Camo Fire and Black Ovis being in business.

I'm guessing here, but this doesn't really look like a traditional buy out. It looks like a "we are closed forever. good bye."

As for inventory. It's possible some other entity purchased all of the inventory, or the companies themselves offered to buy the products back at a lower cost than what they sold them to Camo Fire / Black Ovis for. It's also possible for inventory to be used as collateral to secure a loan or line of credit funding. It may not be their property to sell anymore.

That makes a lot of sense

 

[Hnthrdr]

The bank seized everything

Possibly, seems banks would want them to sell the stuff they don’t like to hold real estate much less hunting gear… t&k had the best explanation so far of what might have happened

 

[CodeMonkey]

Well that came out of no where.

 

[The_Yetti]

Glad I got my puffy's from them last week. I guess this will save me money now, lol

 

[roadrunner]

As for inventory. It's possible some other entity purchased all of the inventory, or the companies themselves offered to buy the products back at a lower cost than what they sold them to Camo Fire / Black Ovis for.

A lot of the BO brand was manufactured overseas.

Name brand stuff on CF normally were items being discontinued or were surplus so the originating company sold it at discounted wholesale prices to clear their balance sheets.

I don't know why a company would buy back products they already sold at whatever price when they know they won't flip it because it's not in the marketing campaign budgets.

 

[Robinhood21]

I use a ton of their merino products, wore the crap out of them and never had any issues. Glad I got my hands on a Mesa hoody just last week! It’ll be too bad if they’re all said and done. I really liked them as a company.

 

[Hnthrdr]

As more, and more people understand the ponzi point schemes, and realize they aren't getting a tag, they're going to drift off to something else.

The bubble will collapse at some point.

Man that would be sweet, but I don’t think it’s likely…

 

[TandKHunting]

A lot of the BO brand was manufactured overseas.

Name brand stuff on CF normally were items being discontinued or were surplus so the originating company sold it at discounted wholesale prices to clear their balance sheets.

I don't know why a company would buy back products they already sold at whatever price when they know they won't flip it because it's not in the marketing campaign budgets.

I know they had name brand stuff, but a lot of other branded gear was sold on BO too. Including ours at one point. I wasn’t really including CF in that as I knew the purpose of CF was to move slow sellers for companies.