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    Thread: Seems like Stasis Motorsports really did a number on Eurojet...Shady dealings abound

    1. Member KC Jazz's Avatar
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      07-28-2012 09:51 PM #26
      Quote Originally Posted by Dynamic Rollover View Post
      I would agree with you to a point, however, I feel that the same goes for some lawyers as well.

      Once I was able to do the work myself and present my own side things began to drastically improve. The truth has no agenda. I found it quite simple to research the laws that pertained to this specific case and make my arguments and put them in motion form. That was the simple part.

      I'm well educated, I have degrees, and I speak multiple languages. But, this isn't my field, so from this point forward I have representation as to not make any procedural mistakes.

      If you have the time read the motions because they're full of great info.
      I spend enough time reading pleadings M-F, so I didn't put a whole lot of time into reading all of (presumably your) motions, but I will say that once they were being done, they were pretty squared away. Just to clarify, in no way, shape, or form am I offering actual legal advice via these posts, just making educated observations.

      I do wish you the best; it's clear that Stasis is a really ****ty company, and the comments by other co-workers only help to reiterate that. Good luck.
      Quote Originally Posted by Verebs1 View Post
      No. 50k miles is 80km.

      You don't seem to understand the concept of 'k'. It means thousand so its 50k and 80k not 8000k

    2. Member Basil Fawlty's Avatar
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      07-29-2012 01:36 AM #27
      I wonder if revo will fair any better?


    3. 07-29-2012 08:21 PM #28
      Quote Originally Posted by Basil Fawlty View Post
      I wonder if revo will fair any better?

      Wouldn't that be great? We all remember how revo got their shady start stealing from others.

    4. 07-29-2012 09:41 PM #29
      Quote Originally Posted by Rub-ISH View Post
      I just can't believe that I can think of a few audi dealerships that still say they can honor your warranty and tune your car with stasis.
      There are a few that do some stasis parts and some that promise and never deliver... I worked with two dealerships who did nothing but make promises they couldn't keep, then after getting the stasis regional rep involved I thought my car would be all taken care , but nope. Never followed through, I ended up ditching my stasis equipped Audi for a regular GTI.

    5. Member Golgo-13's Avatar
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      07-29-2012 09:51 PM #30
      am thinking of getting an s5 supercharger upgrade (pulley and ecu flash) via the audi dealership and stasis in the near future. should i not go with 'em? the warranty was what sounded appealing. but if apr is better/more reliable despite the warranty issue, then i'll go with them...

    6. Member taymk2's Avatar
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      07-29-2012 10:08 PM #31
      Ummmmm wow

    7. Member Dynamic Rollover's Avatar
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      07-29-2012 10:12 PM #32
      Quote Originally Posted by Golgo-13 View Post
      am thinking of getting an s5 supercharger upgrade (pulley and ecu flash) via the audi dealership and stasis in the near future. should i not go with 'em? the warranty was what sounded appealing. but if apr is better/more reliable despite the warranty issue, then i'll go with them...

      There is no such thing as a Stasis Pulley Upgrade.

      There is no such thing as an Audi Warranty through Stasis.

      Neither Audi of America, nor its affiliated companies, recognize ANY aftermarket supplier of performance parts as a “partner,” preferred vendor, or approved tuner. More specifically, no aftermarket supplier is currently approved, endorsed or otherwise sanctioned by Audi of America, or any of its affiliated companies. Regarding STaSIS, we have and will continue to work with them to make this clear in their marketing and communications.
      Your warranty is only as good as the company that stands behind the products it sells.

      I would recommend that you look into the APR packages that are currently available for your car and have them installed by one of their distributors.

      Find your peace of mind through quality parts and installations, not through a warranty program.

    8. Member Golgo-13's Avatar
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      07-29-2012 10:35 PM #33
      Quote Originally Posted by Dynamic Rollover View Post
      There is no such thing as a Stasis Pulley Upgrade.

      There is no such thing as an Audi Warranty through Stasis.



      Your warranty is only as good as the company that stands behind the products it sells.

      I would recommend that you look into the APR packages that are currently available for your car and have them installed by one of their distributors.

      Find your peace of mind through quality parts and installations, not through a warranty program.

    9. Member Thrasher's Avatar
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      07-29-2012 11:32 PM #34
      Quote Originally Posted by SlowGolf1 View Post
      I'm sure you are only going by Johnny's version. There are 3 people that knew what was going on at the time and you got one side
      Fair enough, still sucked in the end.
      This axe was made to grind.

    10. Member SlowGolf1's Avatar
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      07-29-2012 11:42 PM #35
      Quote Originally Posted by Thrasher View Post
      Fair enough, still sucked in the end.

      Not denying it one bit

    11. Member eurotekms's Avatar
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      07-30-2012 12:18 AM #36
      Quote Originally Posted by Exhaustdd View Post
      Regardless of the content, I hate hearing about a system where the side with more money inevitably
      "wins"
      Well, in a lot of the cases the company with more money was the smarter one in business.

      I'm a bit surprised by how much "Eurojet guy" posted up on that blog. No confidentiality paperwork? I'm not a lawyer but I would think some of the comments would be considered libel.

      Anyway, atleast he'll come away learning some things, and maybe do better in business in the future.
      x

    12. Member Dynamic Rollover's Avatar
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      07-30-2012 06:54 AM #37
      It's all public information that's been docketed and entered into the Court. How is it libel?

    13. Moderator rs4-380's Avatar
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      07-30-2012 08:58 AM #38
      sounds like someone either needed to get a lawyer or get a lawyer that actually knew what they were doing BEFORE everything was signed.
      Dave

    14. Member freedomgli's Avatar
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      07-30-2012 09:18 AM #39
      IMO West Virginia is a horrible state in which to do business. So I'm not surprised that certain shady businesses are all too happy to setup shop where labor is cheap and buying off public servants is even cheaper! It is a shame that a state with such beautiful geography and a vulnerable populace who has long received the short end of the stick are subject to such a terrible state government run by powerful business interests. It's so bad there the US Attorney has established the WV Public Corruption Hotline (1-855-WVA-FEDS (1-855-982-3337), and the email address is wvafeds@usdoj.gov) to help combat the problem.

      See also http://www.stateintegrity.org/west_virginia

      Consumers should not only vote with their pocketbook but also with their conscience. Do your research first and don't support bad companies or else the bad behavior will continue unabated.

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      07-30-2012 09:34 AM #40
      i was never a fan of Stasis, and if this is all true, I am REALLY not a fan...that's what I hate big companies..most of them are bastards like that.
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    16. Member Yak Meat's Avatar
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      07-30-2012 09:38 AM #41
      Well im getting into the audi game and ill be sure to trash their products whenever someone buys them and also make sure not to purchase them.

      I liked eurojet a lot when I had my GLI. Had their intercooler and a number of other parts. Good people!

      Stassis, apparently not so much...
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      Nothing makes sense on this forum anymore. So I'm going to go masturbate.

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      07-30-2012 09:40 AM #42
      Quote Originally Posted by eurotekms View Post
      Well, in a lot of the cases the company with more money was the smarter one in business.
      .
      You're right, people don't become wealthy and stay wealthy by being dumb on the business end. Unfortunately smart and ethical don't always go hand and hand, combine that with a legal system that rewards the wealthy and you get a steep up hill battle for the "little guy".

    18. Member jmj's Avatar
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      07-30-2012 09:48 AM #43
      Quote Originally Posted by eurotekms View Post
      I'm not a lawyer but I would think some of the comments would be considered libel.
      Even non-lawyers know the maxim that the truth is a defense to actions of libel and slander. If they were libelous statements I would think Stasis' lawyer would have taken action in that regard.
      Quote Originally Posted by Taipei_E92 View Post
      If you generalize...you are always going to get it wrong.

    19. Member MCTB's Avatar
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      07-30-2012 10:10 AM #44
      Quote Originally Posted by eurotekms View Post
      Well, in a lot of the cases the company with more money was the smarter one in business.
      While this is true, not everyone gets into business to make money. Some people get into the business to offer support and good products to owners and enthusiasts. Stasis just seems to me like they want to build a large, over reaching company with many brands and do it at any cost. Sucks. I had a few Eurojet things on my Jetta and GLI.
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    20. 07-30-2012 11:21 AM #45
      Guys,

      Let this be a lesson to anyone thinking of going into business.

      Basically, it sounds like Eurojet was a nice lifestyle business, wherein the owner enjoyed the work and made a comfortable living off of it.

      With promises of a "get rich quick" scheme, the owner then sold his business AND LIVELIHOOD for $50,000 in cash. This amount of cash is likely less than one year's worth of profit from Eurojet.

      FORGET THE STOCK. If it's a private company, value it at a substantial discount to the cash component. Rule of thumb: if you are ever selling to a private company, take 100% cash up front. HAVE THEM PUT IT IN ESCROW and DO NOT sign anything until your lawyer confirms the cash is in an escrow account. Upon signing, the cash will be released into your bank account. I can get into the reasons why if you want, but needless to say, the Eurojet outcome is one example of how things can go wrong.

      Receiving stock in a public company is comparable to receiving cash, as you can sell the stock eventually to cash out. You can NOT do this in a private company and are at the whim of the officers and directors - who may or may not have your best interest at heart.

      So essentially, Stasis was able to acquire Eurojet for next to nothing. They paid the owner a salary which was probably less than the profits being generated at Eurojet, and made the deal seem more interesting by handing over a whack load of over priced illiquid stock.

      Stasis probably made back the $50,000 in cash within 6 months of acquiring Eurojet.

      All in all, this was a REALLY bad deal. Everybody learn from this. Do your due diligence (get a lawyer involved!) on the acquirer and if anything at all bad comes up, RUN the other way. This all could have been prevented.
      Last edited by Rob; 07-30-2012 at 11:27 AM.

    21. 07-30-2012 11:31 AM #46
      Joel isn't known for telling the truth, his website only tells HIS side of the story. Take it with a grain of salt. If someone had leg to stand on legally, they keep their mouth shut and wait to have their day in court.

    22. Member kevin splits's Avatar
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      07-30-2012 11:59 AM #47
      Quote Originally Posted by PatientlyWaiting View Post
      Joel isn't known for telling the truth, his website only tells HIS side of the story. Take it with a grain of salt. If someone had leg to stand on legally, they keep their mouth shut and wait to have their day in court.
      Bingo.

      Eurojet was not a standup business. They did everything in their power to discredit the fact their product, well just simply failed, and I was not the only one with the issue.

      (baffle fell out of the valve cover and became mangled in my cams)

      They then told other users that I was full of crap that they replaced my part and had mine sitting on a desk in some office. I have the vc and baffle still sitting here, so we then figured out I'm not the only one which EJ said I was, so another lie there.

      But I had their header, amazing product, still using the catchcan.

      I will say this tho. My issue with the valve cover bullsh*t was during there tenure with stasis and a few weeks before the lawsuit broke news here. So maybe that had a play in the situation, high stress or whatever.

      But I will forever gladly tell anyone my experience, that so many relate to.
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    23. Moderator j. Kush's Avatar
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      07-30-2012 12:24 PM #48
      Quote Originally Posted by PatientlyWaiting View Post
      If someone had leg to stand on legally, they keep their mouth shut and wait to have their day in court.
      This.

      I've dealt with STaSIS on several occasions. Been to their facility at Summit Point and driven multiple cars with their components. Nothing but good things to say about their staff, customer service, and products.
      -jarredK

    24. Member cryption's Avatar
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      07-30-2012 12:26 PM #49
      I've had products from both companies that were fine. Sucks to hear about such bad business practices, but I'm not surprised. Shaddy businessmen exist in all industries, not just banking and finance.
      Team 30k Jetta - Frat Boys

    25. Member Dynamic Rollover's Avatar
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      07-30-2012 12:32 PM #50
      Fair assessment. Tough Pill to swallow, but we live and learn.

      Quote Originally Posted by Rob View Post
      Guys,

      Let this be a lesson to anyone thinking of going into business.

      Basically, it sounds like Eurojet was a nice lifestyle business, wherein the owner enjoyed the work and made a comfortable living off of it.

      With promises of a "get rich quick" scheme, the owner then sold his business AND LIVELIHOOD for $50,000 in cash. This amount of cash is likely less than one year's worth of profit from Eurojet.

      FORGET THE STOCK. If it's a private company, value it at a substantial discount to the cash component. Rule of thumb: if you are ever selling to a private company, take 100% cash up front. HAVE THEM PUT IT IN ESCROW and DO NOT sign anything until your lawyer confirms the cash is in an escrow account. Upon signing, the cash will be released into your bank account. I can get into the reasons why if you want, but needless to say, the Eurojet outcome is one example of how things can go wrong.

      Receiving stock in a public company is comparable to receiving cash, as you can sell the stock eventually to cash out. You can NOT do this in a private company and are at the whim of the officers and directors - who may or may not have your best interest at heart.

      So essentially, Stasis was able to acquire Eurojet for next to nothing. They paid the owner a salary which was probably less than the profits being generated at Eurojet, and made the deal seem more interesting by handing over a whack load of over priced illiquid stock.

      Stasis probably made back the $50,000 in cash within 6 months of acquiring Eurojet.

      All in all, this was a REALLY bad deal. Everybody learn from this. Do your due diligence (get a lawyer involved!) on the acquirer and if anything at all bad comes up, RUN the other way. This all could have been prevented.

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