Popular Post Gerald Posted March 4 Popular Post Report Posted March 4 Of interest Teknatool US has declared Chapter 11 bankrupt. DuckSoup, Grandpadave52, Fred W. Hargis Jr and 3 others 1 5 Quote
lew Posted March 4 Report Posted March 4 I heard about this, too. DuckSoup, Grandpadave52 and Fred W. Hargis Jr 3 Quote
Steve Krumanaker Posted March 4 Report Posted March 4 I saw this earlier. I think they are a victim of their own success. Grandpadave52, DuckSoup, lew and 1 other 4 Quote
Gordon Posted March 4 Report Posted March 4 Hoping they come out of it rather than fade away. DuckSoup, Grandpadave52, lew and 1 other 4 Quote
HandyDan Posted March 4 Report Posted March 4 Never a good sign. Hope they pull through. lew, DuckSoup, Grandpadave52 and 1 other 4 Quote
kreisdorph Posted March 4 Report Posted March 4 This is only the US division of Teknatool. Teknatool global is not affected, I have read. I don't know how that will impact US sales. Certainly the news will steer people away from Nova for a period of time. Grandpadave52, Gordon, DuckSoup and 1 other 4 Quote
Popular Post lew Posted March 6 Popular Post Report Posted March 6 Just received this in an email- This is the link from the email- https://www.teknatool.com/products/ Fred W. Hargis Jr, Gordon, Grandpadave52 and 3 others 2 4 Quote
Gordon Posted March 6 Report Posted March 6 12 hours ago, lew said: Just received this in an email- It will be interesting to see how they market and handle direct sales. Speaking for myself, when I was shopping for a lathe I pretty much worked the list down to either the Nova or the Rikon. A dealer somewhat close to me had both on the show floor. With that it was a tough call, but if one was there and the other had to be ordered I would be the proud owner of the Rikon instead of the Nova. DuckSoup, lew, Headhunter and 1 other 4 Quote
RustyFN Posted March 15 Report Posted March 15 The Woodcraft by me is very low on Nova chucks and accessories. They are filling the spaces with Rikon chucks and accessories. Grandpadave52, DuckSoup, Fred W. Hargis Jr and 1 other 3 1 Quote
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