Ecotech joins BRS as a sister company..

[Lost in the Sauce]

Rally, I'm not lying! LOL

Nobody's calling you a liar but the game is telephone exists and there have been dozens of incorrect posts saying xyz bought PDQ. It really means nothing until the companies release it.

 

[VanDalsenReef]

Same. Not calling OP a liar. I’ll just believe an official statement before something a CS rep blurts out.

personally, I’m not bothered either way. Only ecotech I have is a vectra m1 I got used. Other than that I’m a coralvue and reefbreeders guy. Nothing against ecotech, just not my cup of tea.

Same. I'll have a used mp40 never been a fan but I guess I'll see how they work. Always been a maxpect gyre and nero fan so we'll see

 

[VanDalsenReef]

Nobody's calling you a liar but the game is telephone exists and there have been dozens of incorrect posts saying xyz bought PDQ. It really means nothing until the companies release it.

Exactly. I want to hear it from Ryan

 

[Mirkus]

where is BRS getting all this money??? Neptune, MarineDepot, Ecotech/AI

 

[Lost in the Sauce]

where is BRS getting all this money??? Neptune, MarineDepot, Ecotech/AI

They had a large influx of money from a VC firm

 

[VanDalsenReef]

where is BRS getting all this money??? Neptune, MarineDepot, Ecotech/AI

That banking company. That's not the correct word but something along that line. It was a year or two ago I believe

 

[VanDalsenReef]

They had a large influx of money from a VC firm

Firm. Yess, that's the word

 

[Lost in the Sauce]

Exactly. I want to hear it from Ryan

I want to see the Bloomberg press release like they have done with every other recent acquisition.

 

[BeltedCoyote]

Bertram Capital sunk something like $80mil in BRS..

 

[Lost in the Sauce]

Firm. Yess, that's the word

The Venture Capital Firm is Bertram Capital.

 

[Kfactor]

***** just hitting the fans lately it sucks all the stuff is getting bought up. I hope this helps the feeding world and not the opposite

 

[BeltedCoyote]

The Venture Capital Firm is Bertram Capital.

 

[Lost in the Sauce]

***** just hitting the fans lately it sucks all the stuff is getting bought up. I hope this helps the feeding world and not the opposite

Would you rather they have let those other companies die out?

Brs is buying companies for 2-3x forward earnings. That shows no growth in the company and no working capital to change that.

 

[atlantean]

So they now own AquaIllumination, Ecotech, and Neptune lights.

 

[m.kristoff]

Would you rather they have let those other companies die out?

Brs is buying companies for 2-3x forward earnings. That shows no growth in the company and no working capital to change that.

I don't care who buys who. I just want to see innovative products that are quality. My interest is automation and products that make reef keeping easier.

 

[BeltedCoyote]

So they now own AquaIllumination, Ecotech, and Neptune lights.

they own marine depot and Neptune systems. Without an official press release stating ecotech/AI was acquired, I wouldn’t hold to that idea as truth

 

[Kfactor]

Would you rather they have let those other companies die out?

Brs is buying companies for 2-3x forward earnings. That shows no growth in the company and no working capital to change that.

Didn’t ecotech just build a new warehouse? It would be weird to dump a bunch of money in knowing there going to flop. The only reason why companies like that would flop is because of bad business and bad customer service . I have dealt with ecotech and there customer service is a joke dido on Neptune

 

[Schraufabagel]

If AI truly is part of it now, would love to see a battery backup for AI Nero pumps

 

[flagg37]

Just because one company acquires another doesn’t mean the one was on the verge of failure. It could simply be a mutually beneficial deal.

 

[bnord]

Companies invest in things like new warehouses and expansion of capacity in order to raise their value and make an acquition for the founders, investors more valuable to the investment group.
at the end its Bertram Capital that would be buying them
does not mean they were bought out of bankruptcy

but i too would like to see the press release

have too many eco tech products and i too have had very variable customer service support