*NEW* Front Sight Members Check-In Here!

[VolvoWrench]

Ok boys,
I just got back from a 2 day private with my wife and although there wasn't much else going on there, we had a blast.

Our instructor was top notch and professional. We even had some small talk about what is going on with Dr. Pizza but, this guy was still positive. I gotta say, I've never had better training! I DG'd 4DDHG and my wife, who isn't all that into it got a G.

Unfortunately, the near future for F.S. doesn't look good based on the amount of cars in the parking lot for those 2 days but, all the staff was exactly the same as they ever had been.

[Vinnie Boombatz]

I can attest to this as well. Every time I have been there the instructors have encouraged students to brach out and take classes at other places in addition to attending classes at FS.

[rodralig]

When I hear an instructor puts down another school during class, is the minute I start doubting his professionalism.

[beanz2]

He borrowed millions from investors, took millions out in the form of interest free loans instead of using it to build up the investors investment! This is not lack of transparency, this is fraud. He also lied to the members he was begging for money from. FS was his personal toy bank its bankrupt now and he deserves everything that happens to him. Best the world now knows that he was and always will be the POS that people said he was and proof is here and now! He made fun of all other way more credible gun training companies and now they got the last laugh. And they are laughing at him.

[tanks]

Once this is over, I have shares in the Brooklyn bridge for sale to FS ex-investors.

Come on, those that invested thousands in FS, you did not see the end of this Ponzi scheme coming? No due diligence there for sure.

How did Villas in the middle of the desert came across as an appealing idea?

Caveat Emptor.

[w00dmaster]

loans

He borrowed millions from investors, took millions out in the form of interest free loans instead of using it to build up the investors investment! This is not lack of transparency, this is fraud. He also lied to the members he was begging for money from. FS was his personal toy bank its bankrupt now and he deserves everything that happens to him. Best the world now knows that he was and always will be the POS that people said he was and proof is here and now! He made fun of all other way more credible gun training companies and now they got the last laugh. And they are laughing at him.

[SWalt]

Not sure about embezzlement, as the LLC can provide loans to the members. I think this is just more about not being transparent. I have no problem with Dr. P. making whatever he makes. It's just when you always have your hand out asking for more money and making promises based on speculation rather than facts, it is a little dishonest.

Personally, he promised me training. I got that. Everything beyond that, the resort, the hotels and condo's, the nameplates on the outcropping overlooking the resort, that did not happen. And at this point, never will unless the new owner wants to develop it.

If everything was done properly, sure you can, but if he was just using it as his personal piggy bank that is a different story. He had a fiduciary duty to FS not to himself.

[NorthBay Shooter]

If true, and I don't have doubts it is, Piazza should be charged with embezzlement. AFAIK 1st rule of having a Corp or other business entity other than a sole proprietorship is what ever monies the business generates belongs to the business. If you improperly take monies out of a Corp, LLC, etc its embezzlement.

Not sure about embezzlement, as the LLC can provide loans to the members. I think this is just more about not being transparent. I have no problem with Dr. P. making whatever he makes. It's just when you always have your hand out asking for more money and making promises based on speculation rather than facts, it is a little dishonest.

Personally, he promised me training. I got that. Everything beyond that, the resort, the hotels and condo's, the nameplates on the outcropping overlooking the resort, that did not happen. And at this point, never will unless the new owner wants to develop it.

[SWalt]

If true, and I don't have doubts it is, Piazza should be charged with embezzlement. AFAIK 1st rule of having a Corp or other business entity other than a sole proprietorship is what ever monies the business generates belongs to the business. If you improperly take monies out of a Corp, LLC, etc its embezzlement.

[Doctor_Chicago]

Thanks very much! I have a fair sized chunk of $$$$ involved also. I'm hoping they can come up with a functional plan going forward.

Yeah I saw your Name on the List. We are doing everything possible to help the Membership.

[VolvoWrench]

This thread is now doing double posts.

[VolvoWrench]

Any chance we can write off what we've paid to F.S. as "bad debt" if they go under?

A long time ago I paid a guy $4K for something I never got and my tax guy wrote it off as "bad debt".

[ShootTargetFun]

Just saying

But what about the claims of front sight being profitable every year? If that is true, then offering a free resort and free training, would be possible. being profitable means you can sustain what you offer. Not rocket science. That's my point. Plain and simple, they are all lies. No emotion. They took my money and did not deliver

[LV_G22]

Pre-Bankruptcy Frontsight Management LLC was a company that sold lifetime memberships which included Free training.

Many of us realized for many years that this business model may not last forever.

Pre-Bankruptcy Frontsight Management LLC honored these lifetime free memberships, up until the day that it went bankrupt. "Lifetime" refers to the members lifetime and/or the company's lifetime. Pre-Bankruptcy Frontsight Management LLC's "life" has ended.

The Bankruptcy court will evaluate all of the filings presented by Frontsight, Las Vegas Land Development LLC, and any other affected parties and render decisions - including how pre-bankruptcy petition memberships will be treated.

Just factual, no emotion.....

P.S. - I had a great day of Private training at Frontsight TODAY. Tactical Rifle and pistol with Wyatt as RM

[LV_G22]

Pre-Bankruptcy Frontsight Management LLC was a company that sold lifetime memberships which included Free training.

Many of us realized for many years that this business model may not last forever.

Pre-Bankruptcy Frontsight Management LLC honored these lifetime free memberships, up until the day that it went bankrupt. "Lifetime" refers to the members lifetime and/or the company's lifetime. Pre-Bankruptcy Frontsight Management LLC's "life" has ended.

The Bankruptcy court will evaluate all of the filings presented by Frontsight, Las Vegas Land Development LLC, and any other affected parties and render decisions - including how pre-bankruptcy petition memberships will be treated.

Just factual, no emotion.....

P.S. - I had a great day of Private training at Frontsight TODAY. Tactical Rifle and pistol with Wyatt as RM