Keisler

[dhutton]

Anyone know what is going on with these guys? I gave them a $1000 deposit a month ago for a transmission kit due to ship early March. The $4000 balance was supposed to be charged two weeks before shipment. Today I got an email that they will be charging the balance tomorrow to guarantee a production slot with their supplier. My first reaction is they are having cash flow problems and I just read on the Corvette forum they are telling some folks they are having financial problems. The sales guy is referring folks to Shafi's email. Needless to say I am thinking about doing a chargeback to get my deposit back. Any similar experiences here on this forum?

Don

[NOPANTS68]

What are you trying to order from them?

[dhutton]

What are you trying to order from them?

4L60E kit for a Mopar 440. A bit of an oddball kit to find. Might have to figure out how to do it myself but this may exceed my limited expertise...

Don

[Ron in SoCal]

Run away fast.

[69*Goat]

Run away fast.

I was going to say the same thing, but I am new here, and did not know how that would be received.

[66SuperSport]

A friend of mine ordered a specially geared T-56 from Keisler in March '13. This would be the fourth trans that he had purchased direct from them, with never any problems in the past. A truck finally showed up in August and his wife accepted delivery. When he got home he cut the bands on the skid and opened the box. No Trans!!! Now Keisler hired the shipping company and charged my friends credit card, but are not stepping up and taking any responsibility. Special K has his money and is not doing anything. Every time he contacts Keisler my friend gets some line of bs that they are waiting for a case, they dont have the gears, it's going to ship next week, Special K is unavailable, ect..... He's out almost 4K and has nothing!
In my opinion i would not buy anything from Keisler, EVER!!!

[coolwelder62]

Give Mark Bowler(Bowler Performance) a call Awesome people and wont steal your money.

[GregWeld]

Get your deposit back as fast as you can and buy anything OTHER than from them. This has been nothing but trouble for a couple years now. A house of cards just waiting for the final breath of wind.

[214Chevy]

Run away fast.

Get your deposit back as fast as you can and buy anything OTHER than from them. This has been nothing but trouble for a couple years now. A house of cards just waiting for the final breath of wind.

Yes, run fast....very fast and don't look back. ^^^^^ What Greg and Ron said!!

I was going to say the same thing, but I am new here, and did not know how that would be received.

We are family here...brothers. No need to worry about that. Especially, if it can help one of us. Nonetheless, if someone asks on a forum, they have to be willing to accept all answers.

[chr2002ca]

Get your money back as soon as possible and walk away. Keisler's troubles are never-ending. I dealt with them once for something simple and it was a hassle. Never again.

[fleetus macmullitz]

Also from Corvette Forum...

http://forums.corvetteforum.com/transactions-feedback/3366092-keisler-update.html


Quote:
Originally Posted by Keisler Automotive
Ken,
I am aware of these problems and working to resolve it. We do not usually charge in full when there are backorders; instead we do not charge for the backorder items and there should be a bright colored paper in the box with the backorders and when they are to arrive. I will follow up on your order and be sure to get you the parts, or a refund. BTW, the system shows your clutch was shipped, so perhaps it went a day after the order but will check.
Please PM me for these issues, or better yet send me an email to the address on the footer.

Shafi Keisler
----------------------------------------------------------------------------------------

"So 6+ more weeks have gone by Shafi and still no refund for the flywheel I paid for in Oct. and never received. I've contacted you at your request but not reply. I've contacted your finance person, no reply. Dave promised me it would done last week, still not done and no reply from him now. My credit card company is of no help because you provide them with misleading information. What kind of circus are you running there???"

[canrc]

I had ordered a kit from them sometime back and I had the same issue -- deposit given with nothing but a complete run around. Charge it back and and like Greg said order from anyone other than them!

[Vegas69]

Get your money back, regardless of the avenue. I see they are no longer a sponsor here...

[GregWeld]

Get your money back, regardless of the avenue. I see they are no longer a sponsor here...




Yeah -- it costs money to be a sponsor - and then you actually have to pay your bill - Oh and then you have to be a decent vendor too!


HAHAHAHAHAHAHA

[Vegas69]

:lol: Is that all?

[Wissing72]

This sucks! I got a trans set up years back and they were good to deal with. I guess Shafi spent too much trying to expand too fast, build cars and be on t.v. and forgot where it all came from. Too bad. I agree, run.

[Shmoov69]

Give Mark Bowler(Bowler Performance) a call Awesome people and wont steal your money.

^^ THIS!!! ^^

[Bowtieracing]

Have bought 4 transmissions and one clutch from them. Everything went as supposed. I think they have best line in manuals, ss700, rs400-500 and tko500-600.

[dhutton]

Get your money back, regardless of the avenue. I see they are no longer a sponsor here...

The are a premium supporting vendor over on the Corvette forum. Threads like this are buried fast and buried deep....

Don

[GregWeld]

The are a premium supporting vendor over on the Corvette forum. Threads like this are buried fast and buried deep....

Don



Frank @ Prodigy was a supporting member here at one time... but if you run your business into the ground... or you don't deliver and take peoples money for months and months... Then a GOOD forum operator would give those kinds of vendors the boot.

[Bowtieracing]

Frank @ Prodigy was a supporting member here at one time... but if you run your business into the ground... or you don't deliver and take peoples money for months and months... Then a GOOD forum operator would give those kinds of vendors the boot.

Frank was an real scam artist. He did everything to keep right people happy and took the regular forumjoes money. And to make it even better, he had magazine project car going on same time :trophy-1302:

[RussMurco]

Isn't this the second transmission supplier with delivery issues popping up?

[Stuart Adams]

Anyone know what is going on with these guys? I gave them a $1000 deposit a month ago for a transmission kit due to ship early March. The $4000 balance was supposed to be charged two weeks before shipment. Today I got an email that they will be charging the balance tomorrow to guarantee a production slot with their supplier. My first reaction is they are having cash flow problems and I just read on the Corvette forum they are telling some folks they are having financial problems. The sales guy is referring folks to Shafi's email. Needless to say I am thinking about doing a chargeback to get my deposit back. Any similar experiences here on this forum?

Don

Thank goodness you asked!

[DOOM]

Give Mark Bowler(Bowler Performance) a call Awesome people and wont steal your money.

I'm with Scott on this one!!! And stay away from AMARICAN POWER TRAIN also !!!!!!!!!!!!!!!!!!!!

[DOOM]

:yes: :hello: :hello: :hello: :hello: Isn't this the second transmission supplier with delivery issues popping up?

[dhutton]

OK I cancelled the order. Will give them a week to process the deposit refund and then initiate a chargeback.

I have spoken with Phoenix who are highly recommended by Steve at Twist Machine and they can help me with this aside from the crossmember and shifter which I think are within my abilities. They are also local to me which is a bonus.

Thanks to everyone for the responses and PM's. I sincerely appreciate it.

Don

[Sieg]

OK I cancelled the order.
:thumbsup:

[canrc]

OK I cancelled the order. Will give them a week to process the deposit refund and then initiate a chargeback.

I have spoken with Phoenix who are highly recommended by Steve at Twist Machine and they can help me with this aside from the crossmember and shifter which I think are within my abilities. They are also local to me which is a bonus.

Thanks to everyone for the responses and PM's. I sincerely appreciate it.

Don

I don't know how long its been since you have given the deposit but I would initiate the chargeback right away as the credit card company does take sometime to process the chargeback and if in the meantime they credit your deposit back just let the CC company know its been resolved. That was the problem I was having with them -- they kept telling me that they couldn't credit my card and that they would mail a cheque to me, once I posted on the forums they were magically able to credit my card.

[dhutton]

I don't know how long its been since you have given the deposit but I would initiate the chargeback right away as the credit card company does take sometime to process the chargeback and if in the meantime they credit your deposit back just let the CC company know its been resolved. That was the problem I was having with them -- they kept telling me that they couldn't credit my card and that they would mail a cheque to me, once I posted on the forums they were magically able to credit my card.

My assumption was that I would have to give them a fair opportunity to give me a refund before initiating the chargeback but I will give the credit card company a call. It has only been 30 days so in theory I have another 60 days to get my chargeback.

Thanks,
Don

[tubbed69]

This is all sad to hear because I have bought 4 complete TKO 600 kits from them and just got one last month and they have been very accurate on everything and times that they have told me,good luck and hope you get your refund.

[Ummgawa]

Frank was an real scam artist. He did everything to keep right people happy and took the regular forumjoes money. And to make it even better, he had magazine project car going on same time :trophy-1302:

Let's get this straight: He did nothing to keep us (moderators) happy. He never got a seconds worth of protection from any of us. We called Frank out first and fastest, then kicked him to the curb.

[Ketzer]

I don't understand?

Apparently a good product?, in demand, folks paying thousands up front, waiting months past deadlines, new products being anxiously waited on, on all the forums, at the big shows.... and they're just mis-managing it into the gutter? WTF?



Jeff-

[DOOM]

I don't understand?

Apparently a good product?, in demand, folks paying thousands up front, waiting months past deadlines, new products being anxiously waited on, on all the forums, at the big shows.... and they're just mis-managing it into the gutter? WTF?



Jeff-

Jeff I had the exact same thing with APT! And your correct it all comes down to mismanagement .

[kimosabi]

Was looking at their kits today but if they are that slow and unreasonable with you guys, I can't even imagine how long it would take a Norwegian to actually recieve a shipment. Thanks!

[Bowtieracing]

Let's get this straight: He did nothing to keep us (moderators) happy. He never got a seconds worth of protection from any of us. We called Frank out first and fastest, then kicked him to the curb.

:cheers: yes i got support from Scott when i realized what Frank was. Luckily i lost only few hundred.

[68FBODY]

I will say, I have had a negative experience with them when ordering from their website.

However, I ordered my 5 spd. kit on eBay from them and I received it quite quickly and without any delay. My thought on that is they are under the power of the buyer on ebay and especially when using papal as well. Because you can hold their funds if things are not working out.

[HELLCAMINO]

I orignally wanted the RS600, but read numerous threads that it had supplier issues with the gear sets for it. I decided to go with the RS500 since I knew that one was going into production (so I thought). I placed the order in Jan 2012, they never charged my account like I have read in the past (or present in this thread). It was around June of that year and I happen to check my account one day and I saw that $2300 was gone! I saw that they charged the whole amount in one shot. I called them up and they said that is how they are doing it and that is when they started building my trans. Ok.......It took 2 months (now August) to get it. It sat in my garage until March of 2013 when I finally got around to installing it. I placed the order for the driveshaft and within 2 weeks I had it on the road. So I can say neither good or bad from my experience with them, but I did have to make plenty of phone calls to them. I also ran into the sales rep twice at Carlisle spring and fall show and complained also during all this.

[Vince@Meanstreets]

I'm just curious Don, did you call them and ask them what the was going on? I know its easy to jump to conclusions and think the worst but just bailing without an explanation does two things.
one, Doesn't give them an opportunity to explain the situation if it was a justifiable issue do to a custom part.

two, lets them off the hook without repercussions if something was handled wrong or fraudulent.

Again, im just curious. I am not defending anyone here.

[dhutton]

Howdy Vince. I sent two emails to the person who sent the email requesting payment in full and another email to Shafi. All went unanswered. I also called her and their system terminated the call telling me to call back later after it rang for a while. Apparently she does not have voicemail or it was full.

When I read on the Corvette forum that Keisler employees are advising unhappy customers to contact Shafi and that they are having financial difficulties all the pieces point to problems. I think that when employees are to this point of telling customers they are having financial problems it might be time to worry.

Let's also keep in mind here this is a 4L60E and not one of their latest and greatest transmissions. It should not take 3 months to deliver nor payment in full two months in advance. Furthermore the price includes the bellhousing, flexplate, driveshaft, controller, trans crossmember, cooler lines, shifter, etc so getting the transmission in the production queue at the supplier should not require full payment. At the very least they should not be asking for their profit two months is advance of shipment...

Don

[Revved]

OK I cancelled the order. Will give them a week to process the deposit refund and then initiate a chargeback.

I have spoken with Phoenix who are highly recommended by Steve at Twist Machine and they can help me with this aside from the crossmember and shifter which I think are within my abilities. They are also local to me which is a bonus.

Thanks to everyone for the responses and PM's. I sincerely appreciate it.

Don

Yep... Phoenix is close to us down in Weatherford. I've used their products in the past and haven't had any issues. My machinist also has a local transmission shop he uses for his high performance builds and is very happy with them.

[Gregster1234]

His Ebay record is perfect. Seems odd. No complaints.

[dhutton]

As near as I can tell he only sold one transmission kit on ebay last year. The rest of the sales are parts and some personal items. The issues are related to transmission kit deliveries and payment, especially for their newer transmissions.

He has to be careful not to deliver on ebay because they will get the customers money back if he does not deliver as specified. The negative feedback will also impact sales.

Don

[dhutton]

Apparently Keisler Engineering has filed for Chapter 7 yesterday.

http://business-bankruptcies.com/cases/keisler-engineering-inc
Thanks again to those who advised me to cancel my order. This would have been a painful experience.

Don

[DOOM]

You didn't loose any money Don?

[dhutton]

You didn't loose any money Don?

Not sure yet, depends on the outcome of the chargeback. Either way, better $1000 than $5000.

Edit: I am on the list of creditors posted on the Corvette forum.

Don

[wiedemab]

Thank link didn't work for me, but I googled and found this - - not sure if the latest news of bankruptcy is true, but if I read this correctly, they've been there before.

http://www.tneb.uscourts.gov/sites/default/files/06-29-2009_shafi_keisler_and_kelly_dickens_08-34321_8.pdf

edit- - -just found this in my searches....

http://business-bankruptcies.com/cases/keisler-engineering-inc

[RoadRace Elco]

Thank link didn't work fore me, but I googled and found this - - not sure if the latest news of bankruptcy is true, but if I read this correctly, they've been there before.

http://www.tneb.uscourts.gov/sites/default/files/06-29-2009_shafi_keisler_and_kelly_dickens_08-34321_8.pdf

edit- - -just found this in my searches....

http://business-bankruptcies.com/cases/keisler-engineering-inc

BUMMER...so what about the guys that have there trans in there car! what if it needs rebuilding?:hairpullout:

[wiedemab]

It's hard to say what this actually means. Bankruptcy doesn't necessarily mean that they will cease to exist, but it may. They may restructure and continue to operate.

Edit: - - It appears that the most recent filing is Chapter 7. Thanks to GW for pointing that out below.

[GregWeld]

CHAPTER 7 is LIQUIDATION of assets


CHAPTER 11 is Reorganization

[wiedemab]

CHAPTER 7 is LIQUIDATION of assets


CHAPTER 11 is Reorganization

Good catch Greg. --- Yep - no reorg on this one. Yikes

[camcojb]

CHAPTER 7 is LIQUIDATION of assets


CHAPTER 11 is Reorganization
Yep, that'll make it tough to get your money back. I'd be contacting my credit card company if that's how you paid, at least for those of you that ordered recently.

[71RS/SS396]

BUMMER...so what about the guys that have there trans in there car! what if it needs rebuilding?:hairpullout:

I would contact Legend Gear since they are the ones actually building the transmissions. http://legendgt.com/

[DTM Racing]

I would contact Legend Gear since they are the ones actually building the transmissions. http://legendgt.com/

The Legend guys better get their website fixed quick, they're still directing folks to Keisler...

[71RS/SS396]

Dan they probably don't even know about Keisler filing yet.

[James OLC]

Quite a few familiar names on the creditor list - sucks to see good people get taken.

[badazz81z28]

Hard to succeed in a business when you are the middle man. I think Keislers problem is they were very vulnerable to their supplier. No transmissions to sell, no customers to buy. Take people's money and don't deliver the product for MONTHS! gets you a bad reputation quick! Less sales and lost sales...Ouch

These manual transmission places must be the worst business to have. How much money can you really make selling a badazz transmission when you have to pay someone else to make them and sell them competitively against Tremec and STILL MAKE MONEY???. Not to mention the 6 speed is a much more popular swap. Places like APT and Keilser try to sell the customer service BS, but it even isn't that great. Being that APTs employees are ex-Keisler employees no wonder its like dealing with the same company.

Now that Keisler is out of the game, I discourage service with APT too.

Give your money to someone who is more reliable.


Now makes me wonder.....what am I going to do when my Keisler slave/bearing goes bad....

[AUTODYNAMICS]

Use the McLeod piece

[TheJDMan]

If you need a transmission buy a Hurst Drivelines T56 Magnum from Summit Racing. Quick delivery and no drama!

[Efi69Cam]

Now makes me wonder.....what am I going to do when my Keisler slave/bearing goes bad....

I did not like the idea of being reliant on them and they acted like they had figured out cold fusion in terms of sharing information, so I redid the hydraulics on my transmission to use a GM bearing I can buy anywhere.

I still have the unused one from my kit, PM me if you're interested in a spare.

[DRJDVM's '69]

Hurst Driveline....great customer service.... that's where I would go..

[dhutton]

Shafi posted on Facebook:

https://www.facebook.com/pages/Keisler-Engineering/224383866884

Seems he blames everyone but himself....

Don

[Revved]

I've used Keisler hydraulics for several years on my projects with great results... it is an OE late model piece that they were machining the base round to fit through the bellhousings. I'm working on a replacement for my uses once I run out of the Keisler slaves I've got on hand.

[Sieg]

Shafi posted on Facebook:

https://www.facebook.com/pages/Keisler-Engineering/224383866884

Seems he blames everyone but himself....

Don
No surprise.

I sense we'll see attempts at lawsuits as well.

[GregWeld]

Shafi posted on Facebook:

https://www.facebook.com/pages/Keisler-Engineering/224383866884

Seems he blames everyone but himself....

Don




Everyone has competitors.... Get over it and become competitive or get your lunch eaten.


He blames "terms" changes and loss of Elite status.... YES -- that's what happens when you don't pay your bills on time.


He blames one parts supplier because said supplier had it's own credit issues - then goes on to say that he was past due to them by 300 GRAND... so yeah - the supplier probably did have a supply issue because YOU DIDN'T PAY THEM.


What a PUTZ.

[Revved]

Its sad but we've seen this so many times over the last decade in this business that I get nervous now anytime a vendor gets too far out on delivering. One thing I have definitely learned is that the squeaky wheel get the grease so if you've got parts way past due from a vendor and you've been more than reasonable with the benefit of the doubt... start putting pressure on them for answers. If they start blubbering with excuses its time to get nervous.

[GregWeld]

TWO WEEKS SHIPPING is TOO LONG....

[TheJDMan]

TWO WEEKS SHIPPING is TOO LONG....

I would tend to agree, which is the primary reason I purchase the bulk of my parts almost exclusively from Summit Racing, Jegs or Speedway Motors. I get parts delivered from any of these three in two to three days.

[72Z/28]

Hard to succeed in a business when you are the middle man. I think Keislers problem is they were very vulnerable to their supplier. No transmissions to sell, no customers to buy. Take people's money and don't deliver the product for MONTHS! gets you a bad reputation quick! Less sales and lost sales...Ouch

These manual transmission places must be the worst business to have. How much money can you really make selling a badazz transmission when you have to pay someone else to make them and sell them competitively against Tremec and STILL MAKE MONEY???. Not to mention the 6 speed is a much more popular swap. Places like APT and Keilser try to sell the customer service BS, but it even isn't that great. Being that APTs employees are ex-Keisler employees no wonder its like dealing with the same company.

Now that Keisler is out of the game, I discourage service with APT too.

Give your money to someone who is more reliable.


Now makes me wonder.....what am I going to do when my Keisler slave/bearing goes bad....

Man I am on the same boat as you are. I have recently installed my Keisler slave cylinder kit and gor read of the crappy Mcleod TOB that failed,

Now I am wondering if that bearing fails, then there is no spare for it

[Orange]

Man I am on the same boat as you are. I have recently installed my Keisler slave cylinder kit and gor read of the crappy Mcleod TOB that failed,

Now I am wondering if that bearing fails, then there is no spare for it

I believe that I read a place in Michgan called Liberty Gears (not the Liberty Gear in NC that was their supplier) bought all of their TKO stuff, try them to get a few spares.

[Revved]

I have installed over 20 Keisler slaves in single and dual disk applications... 500 to 1000+ hp... I have never had one fail.

They were using an OE application slave-- late model Camaro or Mustang if I remember correctly so as long as you set up your stack height properly to match your clutch application heights (and account for some wear) you should get years of solid use out of that slave.

We used to deal with Gene years back and never got the full story of why he left or where he went but now more answers are coming out. Reading through Shafi's FB listing it does sound like he sold Liberty his jigs, info, etc on his modded TKOs so perhaps they are also reproducing the modified slaves. I'm just planning on reverse engineering it so I can cut them here for my cars.... I've got a hydraulic shop that I use to make lines so no headache there. We use them with a 3/4" Wilwood master and end up with a late model clutch pedal feel even on 1000+ hp blown big block dual disk applications.

[fleetus macmullitz]

@hotrodmagazine:

Keisler Engineering Files for Chapter 7 Bankruptcy - Hot Rod Blog: http://t.co/wJ2SMH1HRw #hotrodmagazine #soitgoes #tremec #ccrtv

[Code510]

There's a guy over on Team Chevelle, CGOcifer, building a 65 Chevelle. He ordered a Kiesler a month ago, gave $1000 deposit. Heard about the Bankruptcy and luckily was able to get his money back.

He's going with Hurst Driveline Conversions now, so I'll have to watch and see how it goes.

[Flash68]

Shari is a piece of work writing that rambling spewage.

[Revved]

There's a guy over on Team Chevelle, CGOcifer, building a 65 Chevelle. He ordered a Kiesler a month ago, gave $1000 deposit. Heard about the Bankruptcy and luckily was able to get his money back.

He's going with Hurst Driveline Conversions now, so I'll have to watch and see how it goes.

Some guys were lucky enough to reverse the charges on their CC. I've got a buddy that paid them almost a year ago for an RS and never got anything back.. he got on their FB an started making noise so they finally returned his calls and promised him a full refund. They sent him a credit statement for the refund and then filed bankruptcy the next day.

Someone told me that owner of Hurst Driveline had a scathing rebuttle to Shafi's letter but I haven't been able to find it... anyone seen it?

[captainofiron]

Some guys were lucky enough to reverse the charges on their CC. I've got a buddy that paid them almost a year ago for an RS and never got anything back.. he got on their FB an started making noise so they finally returned his calls and promised him a full refund. They sent him a credit statement for the refund and then filed bankruptcy the next day.

Someone told me that owner of Hurst Driveline had a scathing rebuttle to Shafi's letter but I haven't been able to find it... anyone seen it?

I would like to see that.

the Hurst Driveline guys have been very responsive everytime I email them, as well as a few other conversion houses.

Keisler... well their customer service got them in this situation

[dhutton]

Apparently Shafi is sending this out. They owe me money but I haven't received this yet...

Last Thursday January 16, I ceased operations of Keisler Engineering Inc by filing it into a Chapter 7 Liquidation Bankruptcy. This was a sad day for our customers, vendors, employees and families, many of which had been with us for 5-10 years. And this brought to a close a 22 year long run of the company I started in my garage in 1991 that grew to become the innovator and leader of the 5-speed overdrive transmission market for muscle cars and Corvette.

Why Close Keisler Engineering Now?

The decision to close Keisler Engineering Inc in Chapter 7 Liquidation is covered in some detail on our Facebook page here. Another reason why I decided to place the company into a Chapter 7 liquidation type bankruptcy was to cleanse the assets of the liabilities that were preventing the company from thriving financially as well as providing the highest level of customer service our customers deserved. The liabilities and overhead of KE coupled with my own personal financial liabilities that lingered from the $4 Million acquisition of GM's Muncie Transmission equipment purchase in 2006 made it impossible for me to bring in financing and working capital needed to get KE operating in the "sweet spot" where orders ship 100% complete and with quick delivery. It was time to hit the START OVER button - both for the company and myself to get out of the financial entanglements. As of January 16 2014, that process of start over has begun.

The closing of the company and the many vendors and customers affected rests completely on my shoulders as the President & CEO. There is no good time when it comes to closing a company, but it was my fiduciary duty to take the action needed to prevent further loss to the customers and vendors. From Dec 6 to approximately Jan 15, more than 122 transmission orders were shipped out the door, plus a whole lot of parts orders. We finished out the 2013 year with over 1,000 transmissions shipped. Had we completed all orders on the books at the time of closure the number would have been closer to 1,300 transmissions. About half of the unfilled units were SS700 which I came to the conclusion would be impossible to fill swiftly.

What Happens to Keisler Engineering in Chapter 7 Bankruptcy?

The court assigned Mr. John Newton of Mayer & Newton as the appointed Trustee to Keisler Engineering's case. Mr. Newton has determined it is in the best interest of the creditors that Keisler Engineering be sold as either:

1) Complete & Fully Intact Operation Asset, OR

2) grouped assets that comprise the whole operation

This means the Buyer(s) could purchase the Assets including the Trademarked name, website, customer list, designs and inventory ... everything - clean and free of any Liabilities or entanglements, and put them back to work at the same facility or a facility of the Buyer's election. There is more than $400,000 of Inventory assets. And there are important pieces of machinery such as the Spin Test Machine.

Mr. Newton further states that he would like to select a Buyer in the coming 4-6 weeks, and get the sale approved by the Court in swift fashion.

There is a small amount of component parts product ready to ship, like special order driveshafts, that Mr. Newton would like to get shipped to customers in the coming 1-2 weeks.

Who can be a Buyer of the Keisler Engineering Operation?

YOU can be a Buyer. There are NO restrictions. If you are a Creditor to KE in the Ch7 Schedule F, you can be a Buyer. But your Creditor claim amount does not serve to "credit bid" meaning new money would need to be provided.

The operation can be started in the existing facility immediately, or preferably relocated to a smaller facility nearby with lower overhead, or even moved out of state. Most of the Keisler Engineering employees are available to be hired as of January 23. I am also available to support the start-up and long term go-forward.

IF YOU WANT TO SEE A NEW COMPANY FORM TO CONTINUE THE PRODUCT LINE OF KEISLER ENGINEERING AND HELP CUSTOMERS GET THEIR ORDERS FILLED, then skip down to the next section now.

While we wait to see the outcome of the KE Operation Asset Sale, some of you may be seeking to purchase a Keisler transmission kit. In Dec 2013, I sold the Keisler PerfectFit TKO 5-speed and T56 6-speed kit lines to Craig Liberty at Liberty Gear, please contact:

Liberty's High Performance Products, Inc.
6390 Pelham Road
Taylor, Michigan 48180
Phone (313) 278-4040
Fax (313) 381-2411
www.libertysgears.com

Tremec ELITE Distributor

I will update everyone just as soon as possible with more developments.

ALL INQUIRIES ABOUT KEISLER PRODUCT OR TECHNICAL SUPPORT SHOULD BE DIRECTED TO ME. EMAIL REPLIES WILL BE SLOW AT THIS TIME. THE PHONES ARE NOT BEING MANNED AT THIS TIME. THE WEB REQUEST FOR QUOTE PAGE IS CURRENTLY NON-OPERATIONAL SINCE DEC 17 2013 AND WILL NOT BE FIXED AT THIS TIME. I am the only one manning the company at this time (with no compensation) until Trustee John Newton can implement more help. You may reach Mr. Newton at the following:

John Newton, Trustee for KE Inc Case 14-30100

Mayer and Newton

1111 N Northshore Dr, Knoxville, TN 37919
(865) 588-5111 ** do not call; email him only **

[email protected]

Again, I am sorry to bring this news and that I could not do a better job to maintain the KE Inc in operation. But, as you read my lengthy posts on Facebook, you will understand that closure of the company to move forward was in the best interest of everyone.

Happy Motoring,
Shafi Keisler, Pres/CEO [email protected]

Keisler Engineering, Inc.

*** EMAIL ONLY PLEASE - NO PHONE CALLS AT THIS TIME **

Celebrating 22 Years of Innovation 1991 - 2014 Jan 15

[dhutton]

Proposal for New Company Co-Operative Ownership by the Customers, Vendors & Management

Today I presented to Trustee John Newton a concept to gather buyers for the entire Keisler Engineering Operation Assets. He was agreeable for me to pitch this to you with the understanding that THIS BUYER GROUP APPROACH IS STRICTLY A PRIVATE TRANSACTION AND NOT AFFILIATED WITH THE TRUSTEE OR THE BANKRUPTCY PROTECTIONS PROVIDED TO CREDITORS. So here is the concept for your consideration:

A new Limited Liability Corporation company is formed with the sole purpose to purchase, own and operate the entire Keisler Engineering operation. Mission is to provide the performance aftermarket with class leading 5 & 6-Speed transmissions. Included in this mission is to fulfill the outstanding open orders of ALL Customer Creditors over a period of time, or a cash settlement over time for ALL Customers Creditors of Keisler Engineering Inc. Cancelled orders and refunds are not part of the outstanding open orders. At the time of closure, the cost for KE Inc to complete ALL Customer Creditor open orders including backorders, was approximately $476,399 for materials plus the direct labor and overhead to assemble, test, pack and ship.

To make this work, the new LLC shall be formed with Stock Shares types as defined below. Money to purchase the KE Operation Assets shall be raised from a portion of the sale of Preferred type Stock Shares. Monies raised shall be kept in an Escrow Account and not released until the court approves purchase of KE Operation Assets by the new LLC. The purchase amount for KE Operation Assets is unknown but must be the highest offer submitted to Trustee John Newton. There is no guarantee the new LLC would be able to make the highest offer; any other potential buyer group may ultimately outbid the new LLC group which would result in the escrowed funds being returned to every purchaser of Preferred type Stock Shares.

Assuming the new LLC can make the highest offer and purchase the assets, the funds from Escrow will be released into the new LLC, and the purchase will be made, and at some point shortly thereafter Creditors of KE Inc will receive their distribution of this money pro-rata.

The first order of business for the new LLC is to create the cash flow projections and determine how much additional working capital, if any, will be required. Additional working capital may come from the sale of more Preferred Stock Shares (best way, no debt), or a working line of capital from a bank loan or private lending source. Once the required amount of working capital is funded, execution of start up shall begin. From my experience, the new LLC can be started up with a minimum of full time personnel - just myself (Shafi Keisler), one (1) straight commission technical salesman, one (1) customer service/shipping and two (2) production associates. The remainder of staffing (additional production plus financial, purchasing, engineering) would be part time contractors until the sales and work load requires full time support.

The Product Line would be streamlined into the following:

PerfectFit Tremec TKO & T56 transmissions enhanced by Liberty Gear for superior shift quality of Keisler's previous Tremec offering. Liberty Gear is a Tremec Elite Distributor and they invested several hundred thousand dollars in 2013 to purchase the Keisler PerfectFit designs, inventory and equipment in an effort to maintain supply of the product to the market. Craig Liberty, the owner, has offered to DONATE all of his inventory at KE to the new LLC and allow all of the equipment he purchased to remain in place as his further Good Will to help all of us affect a start up under my leadership.

Rallye Sport, Super Sport - these current product lines will run until the tool up of the brand new replacement 5 & 6-Speed versions in-process are complete and into production. My chief engineer at KE, Dick McCord, and I have completed the all new SS 5-speed design (not to be confused with Legend Gear & Transmission LGT-700; not the same product). And the SS 6-speed version needs approximately 6 months of preparation to complete design and validation testing. These new designs take the current RS & SS technology to the next level for features, fit and torque capacity. The best gear manufacturer I have experience with resides in Detroit, and they have offered to tool up the entire gearset for the 5 & 6-speed product lines and hold the inventory at their expense. This is a tremendous offering from this supplier, who has a near perfect performance record for quality and delivery AND whose price is less than any other US manufacturer I have used to date. Already, they have hundreds of gears on the shelf for this product line.

All the Accessories - from Hydraulic Clutch Kits, to Pedals, Shifter Handles, Knobs and much more. These proven accessories complement the transmission kit, and provide a bottom line profit and value that is unmatched in the industry.

Ownership in the new LLC will be represented by Stock Shares of three types:
1) Preferred type stock shares - purchased with new money and may be privately traded with few restrictions. The price is $1 (one US dollar) per share. 2) Customer Creditor type stock shares - non-traded shares that represent the final claim amount, less final distributions by the Trustee. As the new LLC fills the open orders of Customer Creditor or provides a cash settlement, the Customer Creditor Stock Shares are converted to Management Stock Shares until there is no remaining Customer Creditor Stock Shares. It is the goal of Management to fill all the open orders as soon as possible, and thereby increasing its ownership share in the company.
3) Management type stock shares - non-traded shares representing Shafi Keisler and company management. This would be established at a minority share position of to be determined. The Preferred Stock Share Holders and Customer Creditor Stock Share Holders in total would be the Majority Owners of the new LLC at the time of start-up.

A board of directors would be set up to provide oversight to the company. These would be selected from members of each Stock Share type - Preferred, Creditor and Management.

VALUATION of the new LLC

All monies raised thru sale of Preferred Stock Shares prior to operation start-up will determine the value of the new company. For example, if a total of 600,000 shares of Preferred Stock in new LLC are sold at $1 per share, for a total of $600,000, then the initial value of the company is $600,000.

PURCHASE of Preferred Stock Shares of the new LLC

The minimum level of investment for Customers is no less than three thousand dollars ($3000.00) for three thousand shares (3,000 shares). The minimum level of investment for Vendors is five thousand dollars ($5,000.00) for five thousand shares (5,000 shares).

SUMMARY

This new LLC company has the ability to start up quickly and build proven product by proven people but with much better management, financial stability and customer service. New sales will build profitability, of which a portion will be used to fill open customer orders of KE Inc at the time of its closing Jan 15.

The historical proven Cost of Goods including direct labor is approximately 60% which leaves a Gross Margin of approximately 40%. Sales would be approximately $4 million dollars or more in the first (1st) year, growing to $8 million dollars or more by the third (3rd) year. These sales projections are speculative estimates which match the actual sales revenues of KE Inc from 2007-2013. Given the fact that no other company has the highly engineered product line, brand recognition, customer base or supplier base, this new LLC could and should out perform Keisler Engineering Inc in every way, for any historical sales year - even the high mark when net profits were close to 1 Million dollars.

Please contact Shafi Keisler by email HERE ([email protected]) if you wish to consider participation in the new go forward business opportunity. Numerous details will be cannot be covered in this announcement, and I am certain you will have questions.

Let's try to make this happen ... together!

Best Regards,
Shafi Keisler

Keisler TKO Kit Holding Strong - 7 YEARS Later!

[Shark Racer]

I feel bad for all the customers involved. My 78 has a TKO 600-.64 from APT.

APT ultimately delivered on everything they promised, although they were quite slow. Start to finish was between 3 and 6 months. The kit was not totally complete (no sheet metal for converting my auto for a manual which was required as my year car has a different floor pan) and not much by way of instructions on wiring up a neutral safety switch (I worked that up from other people's projects).

Overall though, I'm happy. Decent price for the kit, everything bolted up well and the car was driving great once all was said and done.

I did have a problem with the bellhousing not having a square mating flange (can't remember how warped it was, but it was 0.010" +/- .002 on the block-bell flange). A skilled machinist buddy cleaned it up on a mill for me.

If I had to do it all over again, I would consider ordering from APT again but I'd plan on it taking some time. I got some promises that things would be done by a certain time period and started my build - then held up my friend's home garage when parts didn't arrive (lesson learned).

But honestly, I'd skip the TKO entirely and go with a T56. The 2-3 shift thing is garbage, mine will act up if I'm just barely getting into it and my current engine is not a high RPM screamer by any stretch. Since I already have the TKO, I'll have one of the guys who do the upgrades upgrade it, but I'd definitely recommend having it done first if you already have a TKO or are pretty serious about getting one. Again, if you haven't put the $$ out for one, and you can fit it, get a T56. Bypass all the arguments about whether to do a .82 or .64 O/D and have both, especially if you get one of the trans with the more aggressive ratios (GTO).

dhutton - good luck and I hope you get your $1k back.

[camcojb]

I can't imagine anyone buying that operation as Keisler; the name is toxic, there's no "goodwill" at all, it's actually a big negative.

[Flash68]

I can't imagine anyone buying that operation as Keisler; the name is toxic, there's no "goodwill" at all, it's actually a big negative.

You got that straight.

[SixFivePost]

Hey guys, its me "cgocifer" with the 65 build thread on team Chevelle. I was able to get the deposit back from my cc company but that could be reversed due to bankruptcy law b.s. cc company is looking into it.

I did receive a letter yesterday from the bankruptcy lawyer warning about laws. Can't contact them and demand return of money, can't stop payment for items, etc etc. There is some meeting for all creditors in Kentucky in a few weeks... yeah, not traveling there for a meeting.

As noted above, just ordered a deluxe TKO 600 kit from Hurst Driveline. They have been great so far. They made it very clear that I will not be charged a dime until my stuff ships. As it should be.

Saved some $$ with the TKO and though they aren't as smooth as the Keisler trannys, they are supported everywhere and the tko 600 is rated for higher HP/tq than the rs 500 and costs less. I need to cut and modify the tunnel a bit but no biggie.

[71RS/SS396]

I can't imagine anyone buying that operation as Keisler; the name is toxic, there's no "goodwill" at all, it's actually a big negative.

I agree and nobody in their right mind would want to keep him around or buy stocks and have him run it.

[DOOM]

I agree and nobody in their right mind would want to keep him around or buy stocks and have him run it.

Tim trust me this guy will be right back in the buisness. And never skip a beat!

[71RS/SS396]

Tim trust me this guy will be right back in the buisness. And never skip a beat!

Mario, I don't doubt that's what he's trying to do. I'm just not sure who would be foolish enough to financially back him with him at the controls. I could see the value in the assets at the right price and possibly keeping him in the background as a tech adviser depending on how much of that is actually him versus his engineering dept. which would become clear in a short period of time. I wouldn't sign any long term agreement to guarantee him a position without knowing this.

[Sieg]

Tim trust me this guy will be right back in the buisness. And never skip a beat!
How many times have we all witnessed crooks leverage the bankruptcy laws in this country? :bur2:

[Revved]

Mario, I don't doubt that's what he's trying to do. I'm just not sure who would be foolish enough to financially back him with him at the controls. I could see the value in the assets at the right price and possibly keeping him in the background as a tech adviser depending on how much of that is actually him versus his engineering dept. which would become clear in a short period of time. I wouldn't sign any long term agreement to guarantee him a position without knowing this.

I get that from his letter as well... Sounds like he expects us "little guys" to pony up for stock in the company in a company who's business plan has already proven flawed. Why would anyone fund the same management group to run the same business back into the ground? There is definite value in what he has developed and I hate to see anyone go out of business but it has to be done the right way. Best thing that could happen there is an investment group buy it out, change the management, bring in technical advisors, change the name, move forward, fill all the back orders or issue refunds.

[Bill Howell]

..... fill all the back orders or issue refunds.

Sound great, but bankruptcy doesn't work that way. Those that lost money are creditors, and if you pay one, you would have to pay all. Tricky deal dealing with those bankruptcy laws. I am sure a good business person could find a way to help customers that lost money, but it couldn't be in the form of refunds.

I think there is some good value left in the company, but yes, it would have to be new management and I would want to know who had control of the checkbook.
I live 45 minutes from their building and would love to see this idea happen, but there are way too many questions to be answered before I would buy into the organization.

[Sieg]

but there are way too many questions to be answered before I would buy into the organization.
That would be like trying to get a straight answer out of the White House.

[Jay Hilliard]

That would be like trying to get a straight answer out of the White House.

Amen on that. It would be easier to find a unicorn.

[Revved]

Sound great, but bankruptcy doesn't work that way. Those that lost money are creditors, and if you pay one, you would have to pay all. Tricky deal dealing with those bankruptcy laws. I am sure a good business person could find a way to help customers that lost money, but it couldn't be in the form of refunds.

I think there is some good value left in the company, but yes, it would have to be new management and I would want to know who had control of the checkbook.
I live 45 minutes from their building and would love to see this idea happen, but there are way too many questions to be answered before I would buy into the organization.

Yes.. that would be a "perfect world" end result. If you read his proposal he claims to intend to do just that... fill all the orders... pay all the creditors. I'd love to see that happen but this scenario has played out enough times with different names on the letter head that I'm a skeptic.

[Bill Howell]

Yes.. that would be a "perfect world" end result. If you read his proposal he claims to intend to do just that... fill all the orders... pay all the creditors. I'd love to see that happen but this scenario has played out enough times with different names on the letter head that I'm a skeptic.
You don't file Chapter 7 if that is your plan, sorry. There are other plans that let you do that, but 7 wipes the slate clean, de-solves the company, and you start over. People that file chapter 7 tend to forget past debts anyway, sad but true.

[GregWeld]

In a bankruptcy --- any creditor that was paid within 90 days of the filing -- will be subject to a clawback... So if you were lucky enough to be paid -- you're giving the money back -- and the money will be divided by the court as an "asset"....


Sucks but that's the way the game is played. Keeps people that are intending to file -- from paying a preferential party... to the exclusion of others.

[DOOM]

Mario, I don't doubt that's what he's trying to do. I'm just not sure who would be foolish enough to financially back him with him at the controls. I could see the value in the assets at the right price and possibly keeping him in the background as a tech adviser depending on how much of that is actually him versus his engineering dept. which would become clear in a short period of time. I wouldn't sign any long term agreement to guarantee him a position without knowing this.
I hear ya Tim!!!
How many times have we all witnessed crooks leverage the bankruptcy laws in this country? :bur2:

Sieg I'll never understand it. I've seen it and had it happen to me . Lost $30,000 and the guy is still operating to this day . That was 5 years ago and he's pulled it off several times since. Still has the big house 5 nice cars couple of Harley's boats all the toys. The guy just keeps screwing people and using the laws to protect him. It's amazing!!!! I guess one of the former members/ sponsors from this board is doing the same thing . His son has another car business and he's still living fat with all the the toys. How the f@ck do you live with yourself?

[Sieg]

How the f@ck do you live with yourself?
2009......3 home builders and one developer filed, each owing us between 20-40K.

The most prolific was posting pictures on facebook of his vacation in the Bahama's at the time and his new recreational boat with 3 axle trailer.........and his Harley's of course.

Since then he opened a restaurant strung the landlord out on lease payments for 15 months then filed bankruptcy again, now he has a newer bigger restaurant across from the U of O's new basketball arena.

The guy should be in jail considering $2,500 counts as a felony.

[glassman]

2009......3 home builders and one developer filed, each owing us between 20-40K.

The most prolific was posting pictures on facebook of his vacation in the Bahama's at the time and his new recreational boat with 3 axle trailer.........and his Harley's of course.

Since then he opened a restaurant strung the landlord out on lease payments for 15 months then filed bankruptcy again, now he has a newer bigger restaurant across from the U of O's new basketball arena.

The guy should be in jail considering $2,500 counts as a felony.


What I really dont understand, is one, why/how can they keep getting credit/loans? #2, if not loans, then why isn't the irs siezing personal assets (piercing the corporate veil)?
If you put these jokers on the street, and they go hungry for a few, and see their kids go hungry, you'd think they'd change (course they probably could see their own kids go hungry). Boy, i hate to say it, but Mob rules aren't always that bad...

[GregWeld]

Boyd Coddington was right in there with how many bankruptcies.... and he just kept on going and living large.

[Tom.A]

In a bankruptcy --- any creditor that was paid within 90 days of the filing -- will be subject to a clawback... So if you were lucky enough to be paid -- you're giving the money back -- and the money will be divided by the court as an "asset"....


Sucks but that's the way the game is played. Keeps people that are intending to file -- from paying a preferential party... to the exclusion of others.

Yes that is a bummer. I had a third party procurement company for Chevron Oil burn us on this. However the original bill/payment was 32k. When the lawyer came calling we stalled them and settled for 20k so you can work them but I suspect on $2 or 3k they might not budge.

[Vegas69]

Bankruptcy=Complicated from of entitlement. Start a business with somebody elses money and fail. Then we'll let you off the hook. :headspin:

[waynieZ]

I got the same E Mail from them. I'm better off then most of the others He only owes me a drive shaft and the correct T56 bell housing.
I hope some of this gets taken care of.

[214Chevy]

Hey guys, this is America. If people can get away with murder of another human being, surely a guy/company can get away with swindling a few measly dollars.

[Shark Racer]

Hey guys, its me "cgocifer" with the 65 build thread on team Chevelle. I was able to get the deposit back from my cc company but that could be reversed due to bankruptcy law b.s. cc company is looking into it.

I did receive a letter yesterday from the bankruptcy lawyer warning about laws. Can't contact them and demand return of money, can't stop payment for items, etc etc. There is some meeting for all creditors in Kentucky in a few weeks... yeah, not traveling there for a meeting.

As noted above, just ordered a deluxe TKO 600 kit from Hurst Driveline. They have been great so far. They made it very clear that I will not be charged a dime until my stuff ships. As it should be.

Saved some $$ with the TKO and though they aren't as smooth as the Keisler trannys, they are supported everywhere and the tko 600 is rated for higher HP/tq than the rs 500 and costs less. I need to cut and modify the tunnel a bit but no biggie.

I really recommend having the trans upgraded for smoother shifting before you go about doing the install. I'm mostly happy with the TKO swap, but the 2-3 shift is godawful. Reverse can be hard to get when the thing is cold, too. You know, backing it out of the garage. :( (Reverse isn't synchronized on the TKOs)

[SixFivePost]

Not too worried about it, should be fine for what I'm going to use the car for. Many of the issues people have with the TKO results from misalignment of the trans. They are very sensitive. I'm sure it will shift better than the old Muncie did before it was rebuilt.

I know guys with huge HP running TKOs in autocross that love em.

We shall see.

Thanks for the tips. By the way, what kind of upgrades are u recommending?

[Shark Racer]

Not too worried about it, should be fine for what I'm going to use the car for. Many of the issues people have with the TKO results from misalignment of the trans. They are very sensitive. I'm sure it will shift better than the old Muncie did before it was rebuilt.

I know guys with huge HP running TKOs in autocross that love em.

We shall see.

Thanks for the tips. By the way, what kind of upgrades are u recommending?

I installed with 0.0015 runout, which is 30% of the max .005. I had to use .014 dowels and also machine the bellhousing straight.

Are these guys hitting 3rd in autocross? Most autocross courses around here rarely top out 2nd let alone touch 3rd.

That said, it could be hit or miss on the trans itself as it comes from Tremec. I am running a ~330 net crank HP 350 that I never spin much past 5500. If I'm on it relatively hard (3/4 throttle or more) shifting 2nd to 3rd is an impossible dream for me. I'm not talking about powershifting or trying to shift as fast as possible, just a controlled, quick shift into third. I do not drag race and I always give the syncros time to do their work. 1st->2nd is never an issue, nor have I had this issue with any other transmission I've driven hard (numerous T56s, TR6060s, TR3650, whatever they put in Boxster/Caymans and a few others). I've only driven 1 car with a TKO, so it could be my trans, but I can't imagine anything we did wrong with the install. We did the bellhousing runout measurements until we were sick of being sick of it. :)

Liberty gear is one of the places that does the upgrades; includes new shift forks, blocker plates and they do some improvements on the internal linkage.

There's some good info here on the problem in a Mustang: http://www.w8ji.com/tko_600_shifting_problems.htm

As a disclaimer, I haven't used Liberty Gear yet so I am not vouching for them. When it comes time to do an engine in the 78 I will likely send my TKO off to be upgraded by them (cheaper now than doing a T56 swap, which I would have done in the first place had I known I was getting myself into this).

[Solid LT1]

Libertys Gears has bought the rights from Kiesler for "Direct Fit" transmissions according to their web site. My TKO600 in my wife's 70 LT-1 roadster shifts fairly well but I guess I'm probably shipping my TKO off to Libertys for upgrades before it installs behind my 72 LS3 project.

[Vegas69]

Some like them, some don't. I think it all comes down to expectation. Personally, I always felt mine belonged in a farm tractor. But I had a 666 hp big block with an aluminum flywheel that sang to 6800. I found it to be the most troublesome with wheel spin and quick downshifts.

[Shark Racer]

Libertys Gears has bought the rights from Kiesler for "Direct Fit" transmissions according to their web site. My TKO600 in my wife's 70 LT-1 roadster shifts fairly well but I guess I'm probably shipping my TKO off to Libertys for upgrades before it installs behind my 72 LS3 project.

I'm assuming you do a lot of aggressive 2-3 shifts, right? I know you and I wouldn't be surprised. You like your cars and you like using them properly. :)

[HELLCAMINO]

Can still get a trans from these guys.
http://www.sprakerracing.com/

Hoping that if I need anything fixed on my RS500 that these guys can hook me up?

[badazz81z28]

TKO shifting issues is partially if you don't align the bell housing (alot of people just bolt on and go, but mostly shifting habits.

When I first got my TKO 600, I had the 2-3 shift problem at the drag strip. After thousands of miles later, the problem went away once I got use to it.

The Carbon fiber blocker rings don't do crap. It did not improve my shifting capabilities at all.

[Shark Racer]

TKO shifting issues is partially if you don't align the bell housing (alot of people just bolt on and go, but mostly shifting habits.

When I first got my TKO 600, I had the 2-3 shift problem at the drag strip. After thousands of miles later, the problem went away once I got use to it.

The Carbon fiber blocker rings don't do crap. It did not improve my shifting capabilities at all.

I do open palm shifts 2-3. Works in every car I've ever driven except the 78 - and this is like 3/4 throttle shifts, not WOT and quick.

Seems there was more than just carbon blockers done in the Mustang article... some kind of modification to the shift rails as well.

[Vegas69]

TKO shifting issues is partially if you don't align the bell housing (alot of people just bolt on and go, but mostly shifting habits.

When I first got my TKO 600, I had the 2-3 shift problem at the drag strip. After thousands of miles later, the problem went away once I got use to it.

The Carbon fiber blocker rings don't do crap. It did not improve my shifting capabilities at all.

Mine was dialed in and I tried the palm deal. I had to much car for the trans.

[wiedemab]

Sorry for the long post, but I just saw this email pop into my account......

Dear BRANDON,

To everyone affected by the closing of Keisler Engineering Inc .... I am very very sorry for this event. It has impacted many people - customers, vendors, families and employees. And my wife and kids have also been affected as we lost our home, farm and savings and other personal assets. These are tough times, but I am now working very hard to assemble a group of investors to purchase the KE Inc assets (Inventory, Equipment, Tooling, Designs, Trademarks, Phone Numbers, Website, more) from the Bankruptcy Court and start a new company. I need to raise approximately $500,000 to start the brand new company that will allow me to FILL ALL OPEN SALES ORDERS of KE. IF we can raise $800,000 in total, we can move the market forward with the build of the newly designed Super Sport 6-speed that Chief Engineer Dick McCord and I recently completed in 2013. PLEASE HELP ME BRING THE AMERICAN INNOVATION OF KEISLER ENGINEERING INC BACK TO THE MARKET by referring potential investors to me here: [email protected]

NOTE FEB 4 2014 : THE EMAIL ANNOUCEMENT BELOW WAS SENT JANUARY 23. I AM RESENDING IT AGAIN BECAUSE SOME CUSTOMERS WERE NOT ON THE MAILING LIST. ALSO, I HAVE ADDED A SECTION ABOUT THE DRIVESHAFTS FOR THOSE NEEDING THEIR DRIVESHAFT.

Last Thursday January 16, I ceased operations of Keisler Engineering Inc by filing it into a Chapter 7 Liquidation Bankruptcy. This was a sad day for our customers, vendors, employees and families, many of which had been with us for 5-10 years. And this brought to a close a 22 year long run of the company I started in my garage in 1991 that grew to become the innovator and leader of the 5-speed overdrive transmission market for muscle cars and Corvette.

Why Close Keisler Engineering Now?

The decision to close Keisler Engineering Inc in Chapter 7 Liquidation is covered in some detail on our Facebook page here. Another reason why I decided to place the company into a Chapter 7 liquidation type bankruptcy was to cleanse the assets of the liabilities that were preventing the company from thriving financially as well as providing the highest level of customer service our customers deserved. The liabilities and overhead of KE coupled with my own personal financial liabilities that lingered from the $4 Million acquisition of GM's Muncie Transmission equipment purchase in 2006 made it impossible for me to bring in financing and working capital needed to get KE operating in the "sweet spot" where orders ship 100% complete and with quick delivery. It was time to hit the START OVER button - both for the company and myself to get out of the financial entanglements. As of January 16 2014, that process of start over has begun.

The closing of the company and the many vendors and customers affected rests completely on my shoulders as the President & CEO. There is no good time when it comes to closing a company, but it was my fiduciary duty to take the action needed to prevent further loss to the customers and vendors. From Dec 6 to approximately Jan 15, more than 122 transmission orders were shipped out the door, plus a whole lot of parts orders. We finished out the 2013 year with over 1,000 transmissions shipped. Had we completed all orders on the books at the time of closure the number would have been closer to 1,300 transmissions. About half of the unfilled units were SS700 which I came to the conclusion would be impossible to fill swiftly.

What Happens to Keisler Engineering in Chapter 7 Bankruptcy?

The court assigned Mr. John Newton of Mayer & Newton as the appointed Trustee to Keisler Engineering's case. Mr. Newton has determined it is in the best interest of the creditors that Keisler Engineering be sold as either:
1) Complete & Fully Intact Operation Asset, OR
2) grouped assets that comprise the whole operation

This means the Buyer(s) could purchase the Assets including the Trademarked name, website, customer list, designs and inventory ... everything - clean and free of any Liabilities or entanglements, and put them back to work at the same facility or a facility of the Buyer's election. There is more than $400,000 of Inventory assets. And there are important pieces of machinery such as the Spin Test Machine.

Mr. Newton further states that he would like to select a Buyer in the coming 4-6 weeks, and get the sale approved by the Court in swift fashion.

There is a small amount of component parts product ready to ship, like special order driveshafts, that Mr. Newton would like to get shipped to customers in the coming 1-2 weeks.

Who can be a Buyer of the Keisler Engineering Operation?

YOU can be a Buyer. There are NO restrictions. If you are a Creditor to KE in the Ch7 Schedule F, you can be a Buyer. But your Creditor claim amount does not serve to "credit bid" meaning new money would need to be provided.

The operation can be started in the existing facility immediately, or preferably relocated to a smaller facility nearby with lower overhead, or even moved out of state. Most of the Keisler Engineering employees are available to be hired as of January 23. I am also available to support the start-up and long term go-forward.

IF YOU WANT TO SEE A NEW COMPANY FORM TO CONTINUE THE PRODUCT LINE OF KEISLER ENGINEERING AND HELP CUSTOMERS GET THEIR ORDERS FILLED, then skip down to the next section now.

While we wait to see the outcome of the KE Operation Asset Sale, some of you may be seeking to purchase a Keisler transmission kit. In Dec 2013, I sold the Keisler PerfectFit TKO 5-speed and T56 6-speed kit lines to Craig Liberty at Liberty Gear, please contact:
NOTE: Liberty's Gears DID NOT PURCHASE OPEN SALES ORDERS OF KEISLER ENGINEERING, INC.. Please do not ask them for parts or warranty support as they have no obligation for KE Inc orders. They spent nearly several hundred thousand dollars to secure the Keisler PerfectFit TKO & T56 product lines.
Liberty's High Performance Products, Inc.
6390 Pelham Road
Taylor, Michigan 48180
Phone (313) 278-4040
Fax (313) 381-2411
www.libertysgears.com
Tremec ELITE Distributor

I will update everyone just as soon as possible with more developments.

ALL INQUIRIES ABOUT KEISLER PRODUCT OR TECHNICAL SUPPORT SHOULD BE DIRECTED TO ME. EMAIL REPLIES WILL BE SLOW AT THIS TIME. THE PHONES ARE NOT BEING MANNED AT THIS TIME. THE WEB REQUEST FOR QUOTE PAGE IS CURRENTLY NON-OPERATIONAL SINCE DEC 17 2013 AND WILL NOT BE FIXED AT THIS TIME. I am the only one manning the company at this time (with no compensation) until Trustee John Newton can implement more help. You may reach Mr. Newton at the following:
John Newton, Trustee for KE Inc Case 14-30100
Mayer and Newton
1111 N Northshore Dr, Knoxville, TN 37919
(865) 588-5111 ** do not call; email him only **
[email protected]

Again, I am sorry to bring this news and that I could not do a better job to maintain the KE Inc in operation. But, as you read my lengthy posts on Facebook, you will understand that closure of the company to move forward was in the best interest of everyone.

Sincerely,

Shafi Keisler, Pres/CEO [email protected]
Keisler Engineering, Inc.
*** EMAIL ONLY PLEASE - NO PHONE CALLS AT THIS TIME **
Celebrating 22 Years of Innovation 1991 - 2014 Jan 15
Proposal for New Company Co-Operative Ownership by the Customers, Vendors & Management

[wiedemab]

Today I presented to Trustee John Newton a concept to gather buyers for the entire Keisler Engineering Operation Assets. He was agreeable for me to pitch this to you with the understanding that THIS BUYER GROUP APPROACH IS STRICTLY A PRIVATE TRANSACTION AND NOT AFFILIATED WITH THE TRUSTEE OR THE BANKRUPTCY PROTECTIONS PROVIDED TO CREDITORS. So here is the concept for your consideration:

A new Limited Liability Corporation company is formed with the sole purpose to purchase, own and operate the entire Keisler Engineering operation. Mission is to provide the performance aftermarket with class leading 5 & 6-Speed transmissions. Included in this mission is to fulfill the outstanding open orders of ALL Customer Creditors over a period of time, or a cash settlement over time for ALL Customers Creditors of Keisler Engineering Inc. Cancelled orders and refunds are not part of the outstanding open orders. At the time of closure, the cost for KE Inc to complete ALL Customer Creditor open orders including backorders, was approximately $476,399 for materials plus the direct labor and overhead to assemble, test, pack and ship.

To make this work, the new LLC shall be formed with Stock Shares types as defined below. Money to purchase the KE Operation Assets shall be raised from a portion of the sale of Preferred type Stock Shares. Monies raised shall be kept in an Escrow Account and not released until the court approves purchase of KE Operation Assets by the new LLC. The purchase amount for KE Operation Assets is unknown but must be the highest offer submitted to Trustee John Newton. There is no guarantee the new LLC would be able to make the highest offer; any other potential buyer group may ultimately outbid the new LLC group which would result in the escrowed funds being returned to every purchaser of Preferred type Stock Shares.

Assuming the new LLC can make the highest offer and purchase the assets, the funds from Escrow will be released into the new LLC, and the purchase will be made, and at some point shortly thereafter Creditors of KE Inc will receive their distribution of this money pro-rata.

The first order of business for the new LLC is to create the cash flow projections and determine how much additional working capital, if any, will be required. Additional working capital may come from the sale of more Preferred Stock Shares (best way, no debt), or a working line of capital from a bank loan or private lending source. Once the required amount of working capital is funded, execution of start up shall begin. From my experience, the new LLC can be started up with a minimum of full time personnel - just myself (Shafi Keisler), one (1) straight commission technical salesman, one (1) customer service/shipping and two (2) production associates. The remainder of staffing (additional production plus financial, purchasing, engineering) would be part time contractors until the sales and work load requires full time support.

The Product Line would be streamlined into the following:
PerfectFit Tremec TKO & T56 transmissions enhanced by Liberty Gear for superior shift quality of Keisler's previous Tremec offering. Liberty Gear is a Tremec Elite Distributor and they invested several hundred thousand dollars in 2013 to purchase the Keisler PerfectFit designs, inventory and equipment in an effort to maintain supply of the product to the market. Craig Liberty, the owner, has offered to DONATE all of his inventory at KE to the new LLC and allow all of the equipment he purchased to remain in place as his further Good Will to help all of us affect a start up under my leadership.
Rallye Sport, Super Sport - these current product lines will run until the tool up of the brand new replacement 5 & 6-Speed versions in-process are complete and into production. My chief engineer at KE, Dick McCord, and I have completed the all new SS 5-speed design (not to be confused with Legend Gear & Transmission LGT-700; not the same product). And the SS 6-speed version needs approximately 6 months of preparation to complete design and validation testing. These new designs take the current RS & SS technology to the next level for features, fit and torque capacity. The best gear manufacturer I have experience with resides in Detroit, and they have offered to tool up the entire gearset for the 5 & 6-speed product lines and hold the inventory at their expense. This is a tremendous offering from this supplier, who has a near perfect performance record for quality and delivery AND whose price is less than any other US manufacturer I have used to date. Already, they have hundreds of gears on the shelf for this product line.
All the Accessories - from Hydraulic Clutch Kits, to Pedals, Shifter Handles, Knobs and much more. These proven accessories complement the transmission kit, and provide a bottom line profit and value that is unmatched in the industry.
Ownership in the new LLC will be represented by Stock Shares of three types:

1) Preferred type stock shares - purchased with new money and may be privately traded with few restrictions. The price is $1 (one US dollar) per share.
2) Customer Creditor type stock shares - non-traded shares that represent the final claim amount, less final distributions by the Trustee. As the new LLC fills the open orders of Customer Creditor or provides a cash settlement, the Customer Creditor Stock Shares are converted to Management Stock Shares until there is no remaining Customer Creditor Stock Shares. It is the goal of Management to fill all the open orders as soon as possible, and thereby increasing its ownership share in the company.
3) Management type stock shares - non-traded shares representing Shafi Keisler and company management. This would be established at a minority share position of to be determined. The Preferred Stock Share Holders and Customer Creditor Stock Share Holders in total would be the Majority Owners of the new LLC at the time of start-up.


A board of directors would be set up to provide oversight to the company. These would be selected from members of each Stock Share type - Preferred, Creditor and Management.

VALUATION of the new LLC
All monies raised thru sale of Preferred Stock Shares prior to operation start-up will determine the value of the new company. For example, if a total of 600,000 shares of Preferred Stock in new LLC are sold at $1 per share, for a total of $600,000, then the initial value of the company is $600,000.

PURCHASE of Preferred Stock Shares of the new LLC
The minimum level of investment for Customers is no less than three thousand dollars ($3000.00) for three thousand shares (3,000 shares). The minimum level of investment for Vendors is five thousand dollars ($5,000.00) for five thousand shares (5,000 shares). In order to meet the minimum goal of $500K, we also need some large investors that can bring $100,000 or more each.

DEBT
The new company could potentially secure a line of working capital debt. Perhaps 33% of the total dollar amount raised in sale of Stock Shares could be raised in the form of a working line of capital. For example, if we raise $600,000 in equity then perhaps an additional $200,000 of working capital line of credit could be raised. It is better to have no debt, but a 3:1 ratio of equity to debt is reasonable.

PRIVATE STOCK OFFERING
As Shafi Keisler is raising this as a principle of the new company, this is a private offering. This offering is not governed by the securities laws for a Public Offering. With that being said, ANY INVESTMENT HAS RISK, AND ANY MONIES PLACED INTO THIS PRIVATE OFFERING MUST BE DESCRETIONARY SPENDING THAT WILL NOT MATERIALLY IMPACT ONE'S FINANCIAL CONDITION IF THE INVESTMENT FAILS. Take it from me, you do not want to risk your retirement, your savings, get a second mortgage on your home or any of the mistakes one can make.


SUMMARY
This new LLC company has the ability to start up quickly and build proven product by proven people but with much better management, financial stability and customer service. New sales will build profitability, of which a portion will be used to fill open customer orders of KE Inc at the time of its closing Jan 15.
The historical proven Cost of Goods including direct labor is approximately 60% which leaves a Gross Margin of approximately 40%. Sales would be approximately $4 million dollars or more in the first (1st) year, growing to $8 million dollars or more by the third (3rd) year. These sales projections are speculative estimates which match the actual sales revenues of KE Inc from 2007-2013. Given the fact that no other company has the highly engineered product line, brand recognition, customer base or supplier base, this new LLC could and should out perform Keisler Engineering Inc in every way, for any historical sales year - even the high mark when net profits were close to 1 Million dollars.

Please contact Shafi Keisler by email HERE ([email protected]) if you wish to consider participation in the new go forward business opportunity. Numerous details will be cannot be covered in this announcement, and I am certain you will have questions.

Let's try to make this happen ... together!

Best Regards,

Shafi Keisler

[wiedemab]

Customers Need Their Driveshaft Order Filled
As you know, Keisler Engineering Inc. is currently in Chapter 7 Bankruptcy and not in operation. If you have not received your custom built driveshaft, it is unlikely KE Inc will provide it. Instead, at some point later in the year you will receive payment from the distribution of funds from the KE Inc Trustee, Mr. John Newton. These funds... will likely be less than the cost of your driveshaft. I am very sorry for the failure of the company - it is tragic for all of my customers to suffer any financial loss. Again, I am very sorry and I mean this from the bottom of my heart.
I want to help you get your driveshaft built so that you can complete your project. It will require you to pay for the driveshaft out of pocket. The distribution from Trustee Newton would help to offset your out of pocket expense.

Ferguson Driveshaft, an authorized Dana Spicer distributor located in Morristown Tennesse, is the supplier used to build our driveshafts in recent years. Fill out the driveshaft measuring sheet, then call James Ferguson and provide him your data. He will build your driveshaft to the Keisler specifications, pack and ship it to you at wholesale cost plus shipping.
James Ferguson
Ferguson Driveshaft
Morristown, TN
[email protected]
423-586-1597
423-586-1715 FAX

[Sieg]

The distribution from Trustee Newton would help to offset your out of pocket expense.

......and the chances of anyone getting that distribution is........???

[wiedemab]

I certainly wasn't thinking that anyone here would be interested in investing, but thought the group may want to see the message for what it's worth. If it's too lengthy and doesn't add any informational value, you can feel free to delete it. I honestly didn't realize how long it was until I started pasting it in.

[Sieg]

I certainly wasn't thinking that anyone here would be interested in investing, but thought the group may want to see the message for what it's worth. If it's too lengthy and doesn't add any information value, you can feel free to delete it. I honestly didn't realize how long it was until I started pasting it in.

Good information to share in my opinion.

Personally it appears the smoke and mirrors business strategy is carrying forward. This country's bankruptcy laws create more victims than they aide. :shakehead:

[Ron in SoCal]

I certainly wasn't thinking that anyone here would be interested in investing, but thought the group may want to see the message for what it's worth. If it's too lengthy and doesn't add any information value, you can feel free to delete it. I honestly didn't realize how long it was until I started pasting it in.

No Brandon, I think you were right in posting this up. It shows what dream world this guy lives in. No qualified investor would give him a nickel. Think about it...I just screwed you, my track record sucks, and now I want you to invest more money (in a losing proposition no doubt) because you're the only chump I can find to put your hard earned money down.

No thanks, Shaft-ie.

Wait till Greg gets ahold of this :lol:

[wiedemab]

No Brandon, I think you were right in posting this up. It shows what dream world this guy lives in. No qualified investor would give him a nickel. Think about it...I just screwed you, my track record sucks, and now I want you to invest more money (in a losing proposition no doubt) because you're the only chump I can find to put your hard earned money down.

No thanks, Shaft-ie.

Wait till Greg gets ahold of this :lol:

I was lucky enough to not be involved with them financially. Somehow I ended up on their email distribution list. I wish I could find the one from a few years ago - where he was selling cheap Chinese 4-wheelers etc.. It made no sense?

Edit - - I found the email dated 8/10/2011, but's it's a bunch of embedded pics. That email was a bit of turning point for me to say - - - Really not sure I understand what the hell they are doing, so I'm going to steer clear.

[Damn True]

Yeesh, what a $hit$show.

Glad I didn't have any money out to that guy.

That aside, I'm excited to see what Bowler & Legend are able to do with their partnership.

[GregWeld]

Couldn't run one so let's start up another with OPM!! (OPM - Other Peoples Money).














Greetings!

To everyone affected by the closing of Keisler Engineering Inc .... I am very very sorry for this event. It has impacted many people - customers, vendors, families and employees. And my wife and kids have also been affected as we lost our home, farm and savings and other personal assets. These are tough times, but I am now working very hard to assemble a group of investors to purchase the KE Inc assets (Inventory, Equipment, Tooling, Designs, Trademarks, Phone Numbers, Website, more) from the Bankruptcy Court and start a new company. I need to raise approximately $500,000 to start the brand new company that will allow me to FILL ALL OPEN SALES ORDERS of KE. IF we can raise $800,000 in total, we can move the market forward with the build of the newly designed Super Sport 6-speed that Chief Engineer Dick McCord and I recently completed in 2013. PLEASE HELP ME BRING THE AMERICAN INNOVATION OF KEISLER ENGINEERING INC BACK TO THE MARKET by referring potential investors to me here: [email protected]

NOTE FEB 4 2014 : THE EMAIL ANNOUCEMENT BELOW WAS SENT JANUARY 23. I AM RESENDING IT AGAIN BECAUSE SOME CUSTOMERS WERE NOT ON THE MAILING LIST. ALSO, I HAVE ADDED A SECTION ABOUT THE DRIVESHAFTS FOR THOSE NEEDING THEIR DRIVESHAFT.

Last Thursday January 16, I ceased operations of Keisler Engineering Inc by filing it into a Chapter 7 Liquidation Bankruptcy. This was a sad day for our customers, vendors, employees and families, many of which had been with us for 5-10 years. And this brought to a close a 22 year long run of the company I started in my garage in 1991 that grew to become the innovator and leader of the 5-speed overdrive transmission market for muscle cars and Corvette.

[GregWeld]

Yeesh, what a $hit$show.

Glad I didn't have any money out to that guy.

That aside, I'm excited to see what Bowler & Legend are able to do with their partnership.




Yep --- Where there is a "void" --- someone will come along and fill it. By the time Shafti gets back in business.... all those "sold orders" will have been filled by someone else.

[214Chevy]

I got the same long, drawn out email too. :lostmarbles: :hitaxeonthehead:

[GregWeld]

Just to be sure ---- HE filed personal Chapter 11 back in 2009....





http://www.tneb.uscourts.gov/sites/default/files/06-29-2009_shafi_keisler_and_kelly_dickens_08-34321_8.pdf

[dstryr]

What a ****ing crook....

As a machining business we have been on the hook twice when stuff like this happens... Then the company gets "bought" by a larger place (Assets only...not liabilities of course).

[Vince@Meanstreets]

So let me get this right....nope...can't even wrap my tiny brain around it.

[fleetus macmullitz]

That has a nice, Nigerian email flavor to it...

:bigun2:

[captainofiron]

That has a nice, Nigerian email flavor to it...

:bigun2:

Shafti might as well have said, hey you won the lottery overseas, send me money and I will send you your lottery check

lol

[Vegas69]

:beathorse Here's an idea, move on with your life! Clearly the whole driveline thing isn't working out.

[Sieg]

PRIVATE STOCK OFFERING
As Shafi Keisler is raising this as a principle of the new company, this is a private offering. This offering is not governed by the securities laws for a Public Offering. With that being said, ANY INVESTMENT HAS RISK, AND ANY MONIES PLACED INTO THIS PRIVATE OFFERING MUST BE DESCRETIONARY SPENDING THAT WILL NOT MATERIALLY IMPACT ONE'S FINANCIAL CONDITION IF THE INVESTMENT FAILS.
I'm sure this helps him sleep better at night. :rolleyes:

[GregWeld]

:beathorse Here's an idea, move on with your life! Clearly the whole driveline thing isn't working out.



For certain guys -- they never do figure out that the issues they always run into are THEMSELVES... You know... the little things -- like spending too much -- or customer service -- or managing cash flow -- or actually what it takes to make a profit....


Just simple stuff really. Well... that is... unless you don't get it. LOL

[GregWeld]

I sure this helps him sleep better at night. :rolleyes:



Ah the old "disclaimer".....



Private placement investments -- are the most illiquid investments PERIOD. Thus the old 5% rule applies. In other words NEVER invest more than 5% of your investable funds in ANY ONE INVESTMENT... the reason for that is - anyone can "afford" to lose 5%.

What happens in many of these is that they hit up all their friends and family -- and people put in 25 and 50 grand.... most under 100 grand... and when it goes south -- it doesn't pay the investor to sue.

For instance... It cost me over 50 grand in attorney fees just to look over the paperwork and finances of a company that I invested in. So you have to have some funds to throw around just to see if there's anything to recover. In my case I brought suit against the companies Directors and Officers... and I was 250K in attorneys fees before the insurance company (who you're really suing - and they'll defend vigorously) settled. In my case what I really wanted was the fact that each D&O would have to disclose that they had been sued. So any other company thinking about them sitting on their board etc - would see that on their 'record' as they would have to disclose this info. They'd also have to disclose what they were sued for - and the outcome (THEY LOST). Yes -- sometimes I'm an awhole. Certain people DESERVE to have people like me bite their azz.


Sometimes failure is not the sole responsibility of the owner/operator. Sometimes there are simply outside factors that come into play. In this case - if you read his sob letter - he blames EVERYONE under the sun except himself or anything HE did -- such as investing in stuff that didn't pan out - or failure to manage overhead or failure to generate sufficient sales... or failure to maintain good customer service -- resulting in lost sales... He clearly blames COMPETITION. Well yeah -- the world is competitive. Eat or be eaten. My sense is there were MANY reasons for his failure.

[RussMurco]

In my case what I really wanted was the fact that each D&O would have to disclose that they had been sued. So any other company thinking about them sitting on their board etc - would see that on their 'record' as they would have to disclose this info. They'd also have to disclose what they were sued for - and the outcome (THEY LOST). Yes -- sometimes I'm an awhole. Certain people DESERVE to have people like me bite their azz...

I'm grateful that there are people like you who can afford to do that, there are too many walls around the truth sometimes and that's what ends up biting investors and companies...

[Fluid Power]

Use the McLeod piece

Please don't, those units are junk.

[Flash68]

I got the email blast as well. I sent a personal reply to Shafi. Here was his response:

"I will file your reply with the other replies from a**holes"

:lol:

I'll bet he's sent out a lot of those replies. :rolleyes:

[captainofiron]

I got the email blast as well. I sent a personal reply to Shafi. Here was his response:

"I will file your reply with the other replies from a**holes"

:lol:

I'll bet he's sent out a lot of those replies. :rolleyes:

LOL

what is he expecting
:G-Dub:

[medbali76]

Do you guys have any idea of who can fill up the gap for service parts for the RS transmission family? Especially for the RS600
I know there a few guys here also with the RS tranny.

[GregWeld]

I got the email blast as well. I sent a personal reply to Shafi. Here was his response:

"I will file your reply with the other replies from a**holes"

:lol:

I'll bet he's sent out a lot of those replies. :rolleyes:





The correct response from a clueless man. Everybody but him is an a hole. The world is wrong and only he is right.

[fleetus macmullitz]

The correct response from a clueless man. Everybody but him is an a hole. The world is wrong and only he is right.

X 1,000,000.

He's not interested in his past customers' money he's blown through, just the new money that's out there that he KNOWS HE DESERVES ... to somehow, someway put in his pocket.

:bigun2:

[GregWeld]

Just to show how clueless he is -- he's looking for a "minimum" of $500K --- which will fill $467K of business and overhead costs.....


Pretty optimistic... and shows why he's broke. There's NO MARGIN in his business plan. Who could operate a business on 33 grand of capital. There's absolutely no room for any hiccups... He's going to have himself and one other guy - and "contract" employees.... and one guy on commission? Who's going to supply him with anything? Would you? If he just filed BK, and owed you a small fortune? Or would you tell him to # sand and ship the goods to a valuable reseller that actually pays their bills - and whose business just got better because there's one less competitor.

Reading his entire "prospectus" - which was NOT professionally constructed - tells it all... grasping at straws. I will say that reading the prospectus - as shoddy as it was/is - tells me he came out with NOTHING. Many guys that have personal money at least hire lawyers to construct a professional prospectus. My guess is he might still owe the lawyers... LOL

[wiedemab]

Reading his entire "prospectus" - which was NOT professionally constructed - tells it all... grasping at straws.

My thoughts exactly Greg.

[Vegas69]

For certain guys -- they never do figure out that the issues they always run into are THEMSELVES... You know... the little things -- like spending too much -- or customer service -- or managing cash flow -- or actually what it takes to make a profit....


Just simple stuff really. Well... that is... unless you don't get it. LOL

Couldn't agree more buddy....:thumbsup:

[GregWeld]

Couldn't agree more buddy....:thumbsup:



Is that a 9 second car?



LOL

[glassman]

Ahhh, one thing i love about reputation, you cant buy one, either good or bad, there earned!

[SilverOverdrives]

BUMMER...so what about the guys that have there trans in there car! what if it needs rebuilding?:hairpullout:

Call us. SST now owns all of the KEI assets and we have full tear down/rebuild capability.

RS 500/600
TKO 500/600
SS700
T56 Magnum

[SilverOverdrives]

I did not like the idea of being reliant on them and they acted like they had figured out cold fusion in terms of sharing information, so I redid the hydraulics on my transmission to use a GM bearing I can buy anywhere.

I still have the unused one from my kit, PM me if you're interested in a spare.

SST now offers the same hydraulic kits and service parts.

[SilverOverdrives]

I got the same E Mail from them. I'm better off then most of the others He only owes me a drive shaft and the correct T56 bell housing.
I hope some of this gets taken care of.

SST has special terms for KEI customers that never received their driveshaft. Please call and we'll be happy to assist.

To be clear, they are not free. KEI's liabilities were too great and we did not take those on.

[GregWeld]

Just let it be known you can change the "name" of ownership but it's still Shaffi Kiesler behind the curtain.

[SilverOverdrives]

Just let it be known you can change the "name" of ownership but it's still Shaffi Kiesler behind the curtain.

Shafi has no connection to this business and if he did, I would not have returned to work for Mr. Silver.

I have posted a reply in another thread that addresses this very same misunderstanding: http://www.lateral-g.net/forums/showthread.php4?t=46543&highlight=keisler

[GregWeld]

Okay! Good to know Jeff. Because as you are no doubt aware Shafi was sending out copious emails and posts claiming to be back in business as usual. So on your word I wish you well!






Just let it be known you can change the "name" of ownership but it's still Shaffi Kiesler behind the curtain.

[SSTCEO]

Hi Greg,
Thank you for your response about Silver Sport Transmissions. As Jeff stated, we have NO relationships to Mr. Keisler in any manner.

We have the great technology, but a completely different business model.

I would be glad to discuss the formation and ownership of SST with anyone.
Sincerely,
Jack Silver
President/CEO

[SilverOverdrives]

Okay! Good to know Jeff. Because as you are no doubt aware Shafi was sending out copious emails and posts claiming to be back in business as usual. So on your word I wish you well!

Thank you and we're off to a good start so far!

Yes, I'm aware of his hot air and I think everyone is wise enough at this point not to fall for it.