Go Back   Hardware Canucks > NEWS & REVIEWS > Rumor Mill

    
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old December 15, 2017, 10:48 AM
Hall Of Fame
 
Join Date: May 2011
Location: Calgary
Posts: 2,655

My System Specs

Default NCIX bankrupt?

I saw on a Facebook post that NCIX is bankrupt? Is this true?
__________________
__________________________________________________ __________
"Lesson's cost money... good ones costs lots" -Tony Beets (gold rush)
__________________________________________________ __________
Mah Rig now
Mah Rig before
My stuff for sale.
Reply With Quote
  #2 (permalink)  
Old December 15, 2017, 10:56 AM
Rookie
 
Join Date: Oct 2017
Location: Winnipeg,MB
Posts: 11
Default

yes it is.
Reply With Quote
  #3 (permalink)  
Old December 15, 2017, 10:58 AM
lowfat's Avatar
Moderator
 
Join Date: Feb 2007
Location: Grande Prairie, AB
Posts: 9,004

My System Specs

Default

http://www.hardwarecanucks.com/forum...tml#post857818
__________________
The Crippled God WIP
Queen of Dreams WIP
Big Lian Li
Complete
Forever Alone Complete
Reply With Quote
  #4 (permalink)  
Old December 15, 2017, 08:54 PM
Hall Of Fame
 
Join Date: May 2011
Location: Calgary
Posts: 2,655

My System Specs

Default

cheers. I heard 40 million in debt... but who knows.
__________________
__________________________________________________ __________
"Lesson's cost money... good ones costs lots" -Tony Beets (gold rush)
__________________________________________________ __________
Mah Rig now
Mah Rig before
My stuff for sale.
Reply With Quote
  #5 (permalink)  
Old December 16, 2017, 07:15 PM
Mr. Friendly's Avatar
Hall Of Fame
 
Join Date: Nov 2007
Location: British Columbia
Posts: 1,404

My System Specs

Default

bankruptcy papers showed just over $35 million in debt. not pocket change for sure!!! :(
Reply With Quote
  #6 (permalink)  
Old January 2, 2018, 01:00 PM
Rookie
 
Join Date: Jan 2018
Posts: 4
Default

guess all those super cheap prices caught up with them...
Reply With Quote
  #7 (permalink)  
Old January 2, 2018, 01:20 PM
Cannon Fodder's Avatar
MVP
 
Join Date: May 2010
Location: Mission, BC
Posts: 257
Default

Quote:
Originally Posted by Mr. Friendly View Post
bankruptcy papers showed just over $35 million in debt. not pocket change for sure!!! :(
It's actually closer to $36 mil. - $35,794,510.32
Reply With Quote
  #8 (permalink)  
Old January 2, 2018, 02:02 PM
FreeKnight's Avatar
Hall Of Fame
F@H
 
Join Date: Jul 2009
Location: Edmonton, AB
Posts: 1,695

My System Specs

Default

There's been very little news on their status over the holidays. I'd be curious if they made any real money over that period and how their bankruptcy proceedings are going. *Maybe* they've begun righting the ship enough to stabilize, but I highly doubt it.
Reply With Quote
  #9 (permalink)  
Old January 2, 2018, 03:41 PM
Cannon Fodder's Avatar
MVP
 
Join Date: May 2010
Location: Mission, BC
Posts: 257
Default

Yeah, I seriously doubt they've made any headway in "righting the ship" over the holiday period. When I read the blurb from Steve Wu, in the bankruptcy pdf, it seems as though they want to sell some/all of the company, and somehow come back from the dead that way.

I don't know enough about this sort of thing, but from what I've heard, from someone that does know more on this topic, it's somewhat common for some companies that have too much debt, to simply dissolve the company, and escape their debt, and later resurface under another name, and start over as though they're a completely new company..... whether that sort of scenario has any basis in reality, in this situation, I have no idea....
Reply With Quote
  #10 (permalink)  
Old January 5, 2018, 11:43 AM
Delavan's Avatar
Hall Of Fame
 
Join Date: May 2007
Location: AB
Posts: 1,165
Default

I swear I bought 95% of my computer hardware from 2004+ from NCIX online. I also recommended them to family and friends for parts or builds. I almost always pricematched the items using shopb*t and was accepted 99% or the time.

Business is business, but it is sad in the end. I never cared about brick & mortar in this case, those were too far away (I was living out East back then). My last purchase was a 1070, but because I live in AB now, MEM ex is closer and faster....
__________________
i7 4770K @ 4.0GHz / Corsair H100i / MSI Z97A Gaming 6 / 16GB Kingston Hyper X 1.5V 1600 / MSI GTX1070 FE / Samsung 850 Evo 500gb / Corsair Performance Pro 128GB SSD / Intel 520 120GB SSD / WD Black 640 GB storage / XFX 850 watts Black Edition PSU

ROG G53SX laptop: i7 2630QM / 12GB DDR3 / GTX560m 2GB / 750GB 7200rpm (14 000 3Dmarks06)
Reply With Quote
Reply


Thread Tools
Display Modes

Similar Threads
Thread Thread Starter Forum Replies Last Post
OCZ Going Bankrupt geokilla Storage 24 October 14, 2012 01:48 PM
Chimp Challenge - NCIX and HWC to fold under team NCIX banner this year? JayDeeHobbit HardwareCanucks F@H Team 121 March 4, 2011 08:24 PM
What's up with NCIX...? Synth Off Topic 16 September 5, 2008 03:31 PM
New rad in NCIX Dashock Water Cooling 17 June 24, 2008 03:43 PM