360 FORGED UPDATE...
also i agree with what FrankW said, there is no reason for you guys to be taking new orders right now with 150+ backed up and all these people waiting for what they actually paid for months ago. take care of the past due before you even start to think about taking on more work. why should a new customer get their wheels in 4-6 weeks when some have been waiting 7-9 months???
i am filing this under the, "believe it when you see it" column but under no circumstances would i be sending this company any money regardless of any new leadership or anything they say at this point.
As far as any previous orders and refunds, I am addressing the issues and funding them out of my own personal pocket. I'm not rich, nor do I have investors - many of you know me and I'm just a normal working guy who drives a pick up truck 5 days a week, so with that being said, I will be in contact with everyone on the backorder list to ensure that #1 they receive their wheels, and #2 any refunds owed. However please realize that this cannot be done all at one time and I am making realistic timeframes for all of these customers and will be informing them of the dates and details. As of right now to be totally honest we've managed to clean up most of the mess, however there are still quite a few open issues and trust me when I say that every single day they are being worked on and every customer is informed and we are working with them. All I can say is that I am personally doing everything in my power to clean it up, but in no way are the backed up sets and refunds my personal responsibility, I am only funding it to keep faith in the product and to not do anyone wrong. I have only assumed production, and the product line, not the company and it's debt - this is my choice to help everyone, not a mandatory debt that I've been forced to deal with.
All I can assure everyone is that there will be no future delays whatsoever on new orders and that EVERY SINGLE person who is owed as much as a penny or a center cap will get what they paid for or are owed.
As far as new orders, one thing has nothing to do with another: We have a backorder batch of sets that are being worked through every week, and we have new production orders which are put into manufacturing as just that, NEW ORDERS with no back up on machining or delay in finishing, or any other issues. It is unfortunate that some customers got caught in the backorder situation, but like I said I am personally working though it every day and they will all be taken care of.
Last edited by FORGED DST; Apr 16, 2009 at 11:16 AM.
you cant expect people to just forget what has happened and 100% trust you bc you seem like a normal responsible person. lets not forget that you have just stepped into this mess, we are still waiting to hear from people to find out if in fact you actually do make good on your word. that will be 100% more convincing than ANYTHING you can post here.
just remember: actions speak louder than words. you can come on here and post whatever you want about how you are a normal guy that drives a pickup truck or whatever else but until actual customers come forward and tell us that you made things right i don't think people are just going to jump back on your bandwagon.
i think you should be happy some of us are at least giving you a chance, most companies who commit serious fraud dont get too many extra chances.
you cant expect people to just forget what has happened and 100% trust you bc you seem like a normal responsible person. lets not forget that you have just stepped into this mess, we are still waiting to hear from people to find out if in fact you actually do make good on your word. that will be 100% more convincing than ANYTHING you can post here.
just remember: actions speak louder than words. you can come on here and post whatever you want about how you are a normal guy that drives a pickup truck or whatever else but until actual customers come forward and tell us that you made things right i don't think people are just going to jump back on your bandwagon.
i think you should be happy some of us are at least giving you a chance, most companies who commit serious fraud dont get too many extra chances.
You are absolutely right - actions speak louder than words and in time you will see action taken.
As far as Jordan goes - as stated before, he is a responsible business man who was faced with some uncontrollable issues. I am not a partner of his, nor is he responsible for any actions of FORGED DISTRIBUTING, Inc.
In earlier posts, you said that you and Jordan were 50/50 partners, and that he bought you out (or at least gained a majority shareholding). My reading is that he then brought you back in to handle the customer-facing roles while he does the design and manufacturing. Is that what happended, or did you buy him out?
The quoted statement above implies that Forged Distributing (which you own?) has bought out 360 Forged and so Jordan is now your employee? Is that right?
Fact is, I wouldn't give Jordan money to fetch a loaf a bread at the corner market - he might stop on the way to buy a Hot Wheels Ferrari with my money. But the wheel designs look great - if he did that, then I can understand a new owner keeping him on as an EMPLOYEE. Is that what he is now?
The Best of Mercedes & AMG
To the OP, I believe you are going to have a tough time as long as Jordan is still involved in any way.
As far as Jordan goes - as stated before, he is a responsible business man who was faced with some uncontrollable issues. I am not a partner of his, nor is he responsible for any actions of FORGED DISTRIBUTING, Inc.
how can you honestly justify him posting pics of his bling bling, new watches, cars, parties, etc while this whole thing was going down? is that what a responsible business man does in the face of rampant accusations of fraud/theft?? and then you saying the situation was "uncontrollable" on his part makes even less sense. seems like to all of us that watched the situation unravel that while the proverbial poo was hitting the fan this guy was still spending other people's $$$ and making sure we all knew it too.
i think not... this cannot be the true (or full) story... greed got in the way and for that reason you guys have a long way to go... regardless, i will never order from 360...
360 Forged has a very tarnished reputation around here and other internet sites...... many people got burned and it will be very hard to re-gain trust from customers.
Last edited by MB_Forever; Apr 16, 2009 at 02:42 PM.
i think not... this cannot be the true (or full) story... greed got in the way and for that reason you guys have a long way to go... regardless, i will never order from 360...
As long as Jordan's there, it's going to be impossible to fix the supply chain issues, because he stiffed a lot of other businesses and they won't want to negotiate the debt or do any new projects as long as he's still around.
And they all talk to each other at trade shows, so even if you find a new one, the business will still be liquidity constrained because nobody is going to extend NET-30, 60, 90, whatever, terms while Jordy is still hanging around.
Same deal with the banks and credit card processors, they're not dumb, and the biz will have a hard time borrowing if he still has any interest in the ownership structure, because now that he got his house foreclosed and like 5 $100k cars repo'd his credit sucks. And this "new company" in the same location, making the same products, etc., isn't going to fool anybody.
And same with the customers. He stiffed a lot of them, and as long as he's there, you're going to have a big section of people that won't even consider doing business with this company.
Honestly, I know these two guys are buds, but if he really wants to make this biz. work he's got to get Jordan out of there. Maybe he can come back after a couple years, when everything has settled down. But for now, keeping him around is going to give everybody (suppliers, dealers, customers, you name it) a major case of the creeps. It's like telling people that you hired Ken Lay, and oh by the way Arthur Andersen is doing the books...nothing to worry about here!
All I can assure everyone is that there will be no future delays whatsoever on new orders and that EVERY SINGLE person who is owed as much as a penny or a center cap will get what they paid for or are owed.
Bottom line buy your 360 forged wheels *directly* from COR. That's what i and a few other members have done and Tony is taking great care of us. Better Prices too.
Regards,
360 and anyone affiliated, in any means is like a nuclear bomb. You avoid it at all costs, and move very far away from it. Not to knock you at all, but the credibility is GONE. It's dead, and won't be coming back, especially from the sites where 360 was banned from.
These are tough economic times, and you have to analyze the situation for what it is. People are moving on very quickly when scams, fraud, problems, (or whatever you want to call them) that 360 has had, and it is what it is. This is thousands of dollars that people are out of, some for well over 11 months. Then to add, we can't forget the customers who posted the absolutely crazy and non-professional manner in which they were handled. Forcing someone to keep wheels of the wrong size, rusty, etc, and even one that never got his rims, but was refused a refund back and was told he could not get his money back until the rims (which were told to said customer they were delivered the week he asked for refund) were sold to someone else. Is that a trait of a honest business person? I hope not.
Bottom line, I hope you can make everyone whole but it won't be easy.
Last edited by bigben320e; Apr 16, 2009 at 05:54 PM.








