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  • EBT Posts: 62
    Stock Poster EBT
    03 Jul 2019 06:44 PM
    Hi to all forum members.
    NOTE: We put up a post a few days ago but I have had to remove some content due to ongoing legal action.

    I need to clear the air and let everyone know what is happening with us. You would probably know us as Eastern Big Twin in Bayswater Vic and a forum sponsor for many years. You may notice my banner has been removed and our website and Facebook site has shut down.

    We have had so many challengers over the past years but nothing like we had to deal with late last year.

    With the help from family, friends and my amazing wife we have started up a new shop in Pakenham. Considerably downsized from my old shop. It has been a testing past 7 months and we have built a new Dyno room and we are setup just to be a Harley Dyno tuning shop. I wont be putting on any staff to carryout the general motorcycle work as we have done in the past. We are just concentrating on engine performance and Dyno tuning. 
    I have invested in the latest Dyno Tuning and diagnostic equipment so we can keep up to date with all the latest technology coming out of Harley Davidson.

    We have had literally hundreds of customers over the past 8 years bring their bikes to me for Dyno Tuning via referrals through this forum. Thank You all for your support. 

    I haven't disappeared just moved to Pakenham with a new business name. EBT Performance. After all that has happened over the past 12 months I still love my work. Dyno Tuning Harleys. I actually still get a kick out of the results I can achieve in the Dyno room. If anyone is looking for a Dyno tune please don't hesitate to give us a call. 

    Unit 21 No. 23 Commercial Drive Pakenham. PH 03 5941 4017.
    Regards,
    Brian and Tracey Lennon.
  • paulybronco Posts: 11834
    Forum Legend paulybronco
    03 Jul 2019 07:38 PM
    Quoting EBT on 03 Jul 2019 06:44 PMedited: 10 Jul 2019 10:37 AM
    Hi to all forum members.
    NOTE: We put up a post a few days ago but I have had to remove some content due to ongoing legal action.

    I need to clear the air and let everyone know what is happening with us. You would probably know us as Eastern Big Twin in Bayswater Vic and a forum sponsor for many years. You may notice my banner has been removed and our website and Facebook site has shut down.

    We have had so many challengers over the past years but nothing like we had to deal with late last year.

    With the help from family, friends and my amazing wife we have started up a new shop in Pakenham. Considerably downsized from my old shop. It has been a testing past 7 months and we have built a new Dyno room and we are setup just to be a Harley Dyno tuning shop. I wont be putting on any staff to carryout the general motorcycle work as we have done in the past. We are just concentrating on engine performance and Dyno tuning. 
    I have invested in the latest Dyno Tuning and diagnostic equipment so we can keep up to date with all the latest technology coming out of Harley Davidson.

    We have had literally hundreds of customers over the past 8 years bring their bikes to me for Dyno Tuning via referrals through this forum. Thank You all for your support. 

    I haven't disappeared just moved to Pakenham with a new business name. EBT Performance. After all that has happened over the past 12 months I still love my work. Dyno Tuning Harleys. I actually still get a kick out of the results I can achieve in the Dyno room. If anyone is looking for a Dyno tune please don't hesitate to give us a call. 

    Unit 21 No. 23 Commercial Drive Pakenham. PH 03 5941 4017.
    Regards,
    Brian and Tracey Lennon.
    Umm Brian your accountant and advisor should carry professional indemnity insurance....seek advice regarding the loss of  business and reputation from a legal firm. Your basic explanation gives me reason to believe that little or zero diligence was undertaken by either yourself or your acc/advisor regarding this shelf company That is not an issue in a claim as you relied on "Professional" advice and therefore is claimable under his/her policy. PM me if your unsure.
  • DocGreen Posts: 282
    Illawarra NSW
    Stage 1 Poster DocGreen
    03 Jul 2019 07:48 PM
    Quoting EBT on 03 Jul 2019 06:44 PMedited: 10 Jul 2019 10:37 AM
    Hi to all forum members.
    NOTE: We put up a post a few days ago but I have had to remove some content due to ongoing legal action.

    I need to clear the air and let everyone know what is happening with us. You would probably know us as Eastern Big Twin in Bayswater Vic and a forum sponsor for many years. You may notice my banner has been removed and our website and Facebook site has shut down.

    We have had so many challengers over the past years but nothing like we had to deal with late last year.

    With the help from family, friends and my amazing wife we have started up a new shop in Pakenham. Considerably downsized from my old shop. It has been a testing past 7 months and we have built a new Dyno room and we are setup just to be a Harley Dyno tuning shop. I wont be putting on any staff to carryout the general motorcycle work as we have done in the past. We are just concentrating on engine performance and Dyno tuning. 
    I have invested in the latest Dyno Tuning and diagnostic equipment so we can keep up to date with all the latest technology coming out of Harley Davidson.

    We have had literally hundreds of customers over the past 8 years bring their bikes to me for Dyno Tuning via referrals through this forum. Thank You all for your support. 

    I haven't disappeared just moved to Pakenham with a new business name. EBT Performance. After all that has happened over the past 12 months I still love my work. Dyno Tuning Harleys. I actually still get a kick out of the results I can achieve in the Dyno room. If anyone is looking for a Dyno tune please don't hesitate to give us a call. 

    Unit 21 No. 23 Commercial Drive Pakenham. PH 03 5941 4017.
    Regards,
    Brian and Tracey Lennon.
    Quoting paulybronco on 03 Jul 2019 07:38 PM
    Umm Brian your accountant and advisor should carry professional indemnity insurance....seek advice regarding the loss of  business and reputation from a legal firm. Your basic explanation gives me reason to believe that little or zero diligence was undertaken by either yourself or your acc/advisor regarding this shelf company That is not an issue in a claim as you relied on "Professional" advice and therefore is claimable under his/her policy. PM me if your unsure.
    Good advice PB and kudos for the offer.
    Brian, best of luck for your new venture mate and credit for starting again.  Can't imagine the stress you and your family would have been through. 
    DocGreen
  • tussuck Posts: 1970
    Melbourne
    Motor Head tussuck
    03 Jul 2019 09:57 PM
    A VERY brave accountant to be fucking around with Harley riders...  Just saying..thats all.
  • Jack Russell Posts: 41
    Stock Poster Jack Russell
    05 Jul 2019 11:52 PM
    Quoting tussuck on 03 Jul 2019 09:57 PM
    A VERY brave accountant to be fucking around with Harley riders...  Just saying..thats all.
    How’s that?
  • fatbat Posts: 2840
    Forum Legend fatbat
    07 Jul 2019 07:50 AM
    To sell/transfer an encumbered shelf company is not incompetent but criminal. Hope you’re reporting the person or firm that did this although it can be a bit tricky given the industry is largely self regulated (often by association or institute) and asic is unhelpful particularly with small business related complaints. If your advisor is a member of one of the industry associations or institutes, that would be worth following up. I’m sure you’ve already done it but it’d be interesting to do the free public search for the history of the shelf company you bought to see who was involved and what links there are to your advisor. 

    Sorry it’s happened and hope you recover ok from it. 
  • paulybronco Posts: 11834
    Forum Legend paulybronco
    07 Jul 2019 08:02 AM
    Quoting fatbat on 07 Jul 2019 07:50 AM
    To sell/transfer an encumbered shelf company is not incompetent but criminal. Hope you’re reporting the person or firm that did this although it can be a bit tricky given the industry is largely self regulated (often by association or institute) and asic is unhelpful particularly with small business related complaints. If your advisor is a member of one of the industry associations or institutes, that would be worth following up. I’m sure you’ve already done it but it’d be interesting to do the free public search for the history of the shelf company you bought to see who was involved and what links there are to your advisor. 

    Sorry it’s happened and hope you recover ok from it. 
    Two words "Due diligence"
  • Grease Monkey Posts: 720
    Performance Poster Grease Monkey
    07 Jul 2019 05:50 PM
    Quoting fatbat on 07 Jul 2019 07:50 AM
    To sell/transfer an encumbered shelf company is not incompetent but criminal. Hope you’re reporting the person or firm that did this although it can be a bit tricky given the industry is largely self regulated (often by association or institute) and asic is unhelpful particularly with small business related complaints. If your advisor is a member of one of the industry associations or institutes, that would be worth following up. I’m sure you’ve already done it but it’d be interesting to do the free public search for the history of the shelf company you bought to see who was involved and what links there are to your advisor. 

    Sorry it’s happened and hope you recover ok from it. 
    Quoting paulybronco on 07 Jul 2019 08:02 AM
    Two words "Due diligence"
    But who's PB? If like me you don't have a clue and pay someone to see to it then that payment should make them liable if it's a shit deal surely?

    Anyway that aside, glad you are back at it Brian, all the best for the future.
  • paulybronco Posts: 11834
    Forum Legend paulybronco
    07 Jul 2019 07:39 PM
    Quoting fatbat on 07 Jul 2019 07:50 AM
    To sell/transfer an encumbered shelf company is not incompetent but criminal. Hope you’re reporting the person or firm that did this although it can be a bit tricky given the industry is largely self regulated (often by association or institute) and asic is unhelpful particularly with small business related complaints. If your advisor is a member of one of the industry associations or institutes, that would be worth following up. I’m sure you’ve already done it but it’d be interesting to do the free public search for the history of the shelf company you bought to see who was involved and what links there are to your advisor. 

    Sorry it’s happened and hope you recover ok from it. 
    Quoting paulybronco on 07 Jul 2019 08:02 AM
    Two words "Due diligence"
    Quoting Grease Monkey on 07 Jul 2019 05:50 PM
    But who's PB? If like me you don't have a clue and pay someone to see to it then that payment should make them liable if it's a shit deal surely?

    Anyway that aside, glad you are back at it Brian, all the best for the future.
    Sadly Hilly "Due Diligence" relies on you as a consumer/purchaser to have a basic understanding of the product/ service that is being supplied. A court will appoint blame/liability on a pro rata or percentage baseis in the event of a claim should it reach that stage. The onus in this matter is for the business owner to prove that the person who provided the service/advice  did so in a reckless manner (no due diligence) and with no regard to the reputation and good name associated to that business. Should that be proven then the business affected would POSSIBLY be awarded 100% of the claim. All this litigation takes time, money and a personal toll on people and that's why most people simply move on.

    We did have a member on this forum that had the latin phrase "caveat emptor".........as his little catch phrase at the bottom of his comments......Buyer Beware! I rest my case your honour!    
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