Ok Im still a bit green and dont mind my rookie status but having finished my 2nd HP kit Im thinking Id like my next bird to be my own design. It seems theres at least a decent variety of airframes out there. So , Im asking ....where are the best deals on airframes etc found ? I guess Im not necessary looking for the highest quality materials out there but the best value and should be of at least "decent" quality. Anyone have any recommendations ?
I have been quite impressed with LOC's paper body tubes for MPR and HPR (when you glass it). They are quite strong. Although I've never used them to date, I've heard nothing BUT good things about PML's Phenolic tubing. This is the best overall tubing for HPR, IMHO. You've got to glass it, though, since it can be quite brittle. I've heard about, but never seen, fiberglass tubing. This tubing is only going to cost you more $$$$, so, you might want to stay away from it until you get into the more extreme projects.
Also, I'd like to invite you to join us at The Rocketry Forum,
, where you will find fully moderated, rocketry-related discussion. You'd like it if you think all RMR is good for is a laugh from time to time. Yeah...yeah...that was cold...so what! RMR has gone from a helpful place for rocketeers on the web to "The Jerry Irvine Show", IMO. Come check us out there - over 1000 friendly members.
I think that was sort of a side effect of the "all-or-nothing" nature of the bankruptcy system. They had to include their ordinary commercial accounts-payable (along with the claims being pressed by other parties that were also damaged in the fire - which were really the debts from which they needed relief) in their aggregate statement of "total debts" for the bankruptcy filing.
Please don't misunderstand me. I don't condone bankruptcy. I've been in severe financial straits myself, and bankruptcy would have been the 'easy' solution, but it's not the one I took.
My point is that there IS a legal mechanism in place that they followed. Was it ethical? No. Was it legal? Yes. Was what RAH (apparently) did ethical or legal? No to both.
As long as the mechanism for bankruptcy is part of the legal system, people will take advantage of it. Don't like it? Vote for legislators who will change it.
Do I think the employees got the raw end of the deal? Yes, certainly. However, there may be some mechanisms in place that protect them more than other creditors (I don't know). Frankly, though, the employees have a better 'window' on what's going on than outside vendors did, and thus have the ABILITY to protect themselves a little bit better. If Aerotech was paying on a Net30 basis, for example, they easily had 30 days before any vendors would have even become suspicious (and in reality it would have been more like 60-90 days). The employees were probably (assumption here) paid on a bi-weekly basis, and if they missed a paycheck, that's one heck of a "heads up" that financial problems are looming.
In the longer term, the employees (if they don't get fully paid) also have the future option of not working for the new, re-branded Aerotech if they feel that any 'new' terms are not acceptable to them (such as a 'bonus' that might reimburse them, etc.). Given current economic conditions, the 'price' of maintaining their job might have been to simply go forward and forget the back pay (again, this is all pure speculation).