V1 Europe bankrupt ?

N1ko

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Hi dear friends,

i’m looking to buy new RD and yesterday i wrote to V1 Europe and look what i got for an answer.

1.jpg

What do you thing ? Is it possible or its some fraud ? :)
 
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RedRocket

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It could be possible, but here in USA there has been no official announcement confirming what you have Posted.
 

Tallyho

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Not possible. There is no "V1 Europe".

This is not complicated. The V1 is only officially sold in the United States by a single manufacturer and single distributor, Valentine Research.

People love to complicate and dramatize things.


This is just an importer who capitalized on the European market and doesn't have the integrity to tell his customer base that he never had an agreement with VR to ever sell the V1. His product source dried up and now he looks bad so he's looking for ways to fill the gap. He will likely have another excuse when VR starts manufacturing them again.
 
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aim4squirrels

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My guess (only a speculative guess at that) is that V1 Europe was not actually affiliated with Valentine Research here in the States. I'll wager they may have made massive orders from V1 USA and supported the product themselves to European clients interested in the device.

V1 USA has been without product for 9 months or so, but the have not closed their doors yet.

The owner of V1 Europe likely couldn't sustain his business without product and he had to move on to a different supplier in Genevo. The long years old tech comment is likely just to pitch the Genevo Max as a better device overall to his customers.

In a way, I can't blame him if you gotta put food on the table and your customer base needs a device, but he is fabricating the part about bankruptcy.
 
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XDA

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The capital drain on Boeing due to the 737 Max is horrible. The capital drain on VR for not selling units since last spring is material but certainly survivable. Mike & his wife are of substantial means. Even if he had to cover things with debt for a while, he would certainly be bankable. And as a V1 user I can testify that my unit, paired with an app, is not outdated.
 

Mushin

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Jag42

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VR is alive and well. They will release the new platform this year.
 

Transporter

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@N1ko Sorry but that person that replied to you is completely wrong and a liar. Valentine Research is open daily Monday through Friday 9AM to 5 PM EST. Don't take my word for it, feel free to call 1-513-984-8900 from Europe during those times and somebody will be happy to answer the phone and take your order for anything except for the currently out of stock V1!

Valentine Research is NOT out of business nor are they Bankrupt. In fact in 2019 alone. Michael (Mike) and Margaret (Peg) gave over 16.5 Million Dollars in direct donations to charities (5.5 Million to Mike's alma mater, 10 Million Dollars to the Cincinnati Ballet and Orchestra)! Not exactly something a bankrupt company does.

.
 
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nomore55

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The title of this thread needs to be changed from:

V1 Europe bankrupt ?

to:

Mere speculation: V1 Europe bankrupt
 

Mushin

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How do you know?
@DrHow knows because he talks with Mike and has built a relationship with Mike over the years. It's a lost art with social media and influencers in today's world. But then again, Mike is old school.
 

Bloovy One

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The information discussed here on RDF about VR is not the only information available.
There are other groups. :)
 

aim4squirrels

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Yay more drama. Valentine is not bankrupt. He will begin selling detectors again when they’re ready.
Man, I don't see this as drama at all. I see it as a new member to our forum from the European market who needed to fact check some information he received from a retailer and sought out a source from which to check some information he received.

The drama is our current membership's hostility toward this new member, and that's what we should really chastise, IMHO.

This particular subforum is one of the least friendly ones to visit on all of RDF to new membership and I just don't know why, it doesn't have to be. Again, that's my opinion. And there are some members here that try very hard to be welcoming and understanding to new members, but there's also some real "sticks in the mud" that jump any negative posts about the V1 and turn the problem onto the poster immediately even if they can't perform an adequate diagnosis from across the internet to support their position.

Why do we have to be so mean to new folks? Is it really necessary?
 

LouG

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Man, I don't see this as drama at all. I see it as a new member to our forum from the European market who needed to fact check some information he received from a retailer and sought out a source from which to check some information he received.

The drama is our current membership's hostility toward this new member, and that's what we should really chastise, IMHO.

This particular subforum is one of the least friendly ones to visit on all of RDF to new membership and I just don't know why, it doesn't have to be. Again, that's my opinion. And there are some members here that try very hard to be welcoming and understanding to new members, but there's also some real "sticks in the mud" that jump any negative posts about the V1 and turn the problem onto the poster immediately even if they can't perform an adequate diagnosis from across the internet to support their position.

Why do we have to be so mean to new folks? Is it really necessary?
Could it be the interminable trolling and meaningless irrational speculation over several threads for the past 10 months based on no real information that have made the V1 forum less than welcoming for even die hard V1 users?
Most of the complainers about VR's lack of product are probably not, nor ever will be, V1 users.
 

aim4squirrels

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Could it be the interminable trolling and meaningless irrational speculation over several threads for the past 10 months based on no real information that have made the V1 forum less than welcoming for even die hard V1 users?
Most of the complainers about VR's lack of product are probably not, nor ever will be, V1 users.
Possibly, but should we take our ire out on new members who haven't contributed even a little bit to that?

I've seen the same behavior in the Uniden forum as well when flaws or critiques of it's performance came up, but it's not as quick strike and rampant as it appears to be here.

The only thing remotely close is the bagging on Escort products for their performance in the last 4 years, but Escort sort of brought that on itself by making inferior products with superior claims that didn't pan out when tested.

As to your last sentence, I'm confused. I'm sure there are members here that have no intention of buying a V1 even if a new improved version comes out, but the only complaints of lack of product are by people who posted they would like to purchase a new unit but can't due to no product to sell. Truth or not, I feel I kinda have to take their words at face value, because it's not like I can look across the internet thru their monitor to judge their honesty or intention.
 

PointerCone

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The capital drain on Boeing due to the 737 Max is horrible. The capital drain on VR for not selling units since last spring is material but certainly survivable. Mike & his wife are of substantial means. Even if he had to cover things with debt for a while, he would certainly be bankable. And as a V1 user I can testify that my unit, paired with an app, is not outdated.
Until you run with an R7, then the V1 seems a bit dated. Perhaps dated, but not outdated. Let's just say VR needs to do "something" as the old V1 is getting long in the tooth.
Post automatically merged:

The title of this thread needs to be changed from:

V1 Europe bankrupt ?

to:

Mere speculation: V1 Europe bankrupt
V1 Europe: V1 Bankrupt

Mike V: Hold my Beer
 
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thefrog1394

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Could it be the interminable trolling and meaningless irrational speculation over several threads for the past 10 months based on no real information that have made the V1 forum less than welcoming for even die hard V1 users?
Most of the complainers about VR's lack of product are probably not, nor ever will be, V1 users.
I for one would likely be a V1 user if they, you know, actually were still selling V1s! It's pretty lame to hold it against folks that they don't own a product that has been mysteriously out of stock and two weeks away from being sold for the past year.
 

CobawLT2010

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Man, I don't see this as drama at all. I see it as a new member to our forum from the European market who needed to fact check some information he received from a retailer and sought out a source from which to check some information he received.

The drama is our current membership's hostility toward this new member, and that's what we should really chastise, IMHO.

This particular subforum is one of the least friendly ones to visit on all of RDF to new membership and I just don't know why, it doesn't have to be. Again, that's my opinion. And there are some members here that try very hard to be welcoming and understanding to new members, but there's also some real "sticks in the mud" that jump any negative posts about the V1 and turn the problem onto the poster immediately even if they can't perform an adequate diagnosis from across the internet to support their position.

Why do we have to be so mean to new folks? Is it really necessary?
It is drama. You can call Valentine One and find out they’re still in business, answering calls with their lights still on.

The problem is people don’t go straight to the horses mouth anymore and this is how this stuff gets started.

Not even sure why you’d buy your V1 through a 3rd party. I get used sales but past that...
 

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