Greentree3D wrote:Harman is not even operating in the new factory, it's being leased to a plastics company. The new owners don't want to get burned like Dane did after Katrina by investing millions in inventory and supplies and then losing contracts. That's why he had to sell as Coal Berner said several posts earlier.
According to an in law who works at Harman and also a guy I work with (who sat next to Dane Harman and several members of the Kimmel Coal family a few weeks ago at a wedding), this is the way business is going to be done from now on. Harman is not going to try and keep pace with a rush of orders and risk losing money. They are going to produce at their own pace and hope that the name "Harman" keeps people buying their stoves.
It's ashame since Dane built the business from the ground up but as someone else said a few bad business decisions and then bam! all of a sudden the banks are knocking on your door real quick looking for their money back and you've don't have many options.
Thanks Greentree 3D I forgot about the Plastic company being in the New Harman Factory It is Not like this Just Happend
to harman The 3 Overseas contracts that where loss where a few years ago before the new Factory was even built
Not very good Business sense on his Part It is a shame for him But he did get 29.5 millon and does get a % of stove sales
I can't feel that bad for Him