Solly
Member
Hello Everyone,
First of all I am alive and well. Thank God. I have not visited this site for over 2 years and tonight I somehow clicked on it's link on my tool bar and the first thing that pops in front of me is this thread about the Pulsar Aircraft asserts offered for sale for two million USD.
Sadly, The Pulsar story went sour after I had sold my 50% of the company "The Pulsar Aircraft Corp" to my financial partner Mr. Degani and left the company. For the lack of proper financing and especially after the 9/11 event, In the five years I managed the company I practically did everything. Development, building the company's airplane, Production, Training employees in production, Marketing, Internet Portal, Accounting, dealing with suppliers and ordering materials for production, setting up inventory, Customer's support, Sales, Exhibiting at Oshkosh and Sun n' Fun, Taking potential customers for a flight and everything else. The promised proper funding never came. It was trickled in a fashion that I could only keep the doors open and sadly prevented me to move the company forward as per my vision. What I had developed from the excellent design of the Pulsar by Mark Brown, into the Super Pulsar 100 was the best flying experimental airplane out there. I had taken the Super Cruiser design which we had purchased from Rich Trickle and was a great aircraft but a bit old fashion and developed a new tail for it to make it more appealing. I had plans to use the newly designed reinforced fuse and mate it to a fast tapered wing for a Super Cruiser 300 with a 350 HP motor. A version that would compete with the Lancair 4 but weight 700 lbs. less.
An LSA version of the SP100 was conceptualized but unfortunately I got burnt out after 5 years of 16 hours a work day full week and realized the funding will never come. I simply sold my 50% share for peanuts and walked away.
I pretty much knew the company would not get far ahead because the company was me, my love for Experimental aircraft and my vision.
I had set up Distributors with orders in Brazil and Russia and teamed Rich with Mr. Degany as his production manager in El Salvador before I left the company. Rich had left the company after a while and moved to work in Brazil developing the the Volare 400 which is a direct duplicate of the new Super Cruiser fuselage I had developed.
I must say it is a very nice four seater. The Volare 200 is a hybrid of the Super Pulsar 100 and the TR1. On their portal Volato presents Rich as the developer of the SP100 and it's a total BS.
To sum it all up, this venture was the most satisfying and fulfilling experience in my life.
Getting back to the 2 million dollar price I think the assets worth is around $100,000 and it'll take another $100,000 to relocate everything. They will be sitting another 20 years on it and then realize it's worth zero dollars.
I think aviation is moving fast towards new concepts and totally new powerplants, ie, Electric and hybrid.
Yellowhammer, This is Volato's portal: Volato Aeronaves: Produzido e fabricado no Brasil
I am now happily retired in Israel but the bug is still in me and who knows, I might come up with something.
Happy landings everyone
Solly
[email protected]
First of all I am alive and well. Thank God. I have not visited this site for over 2 years and tonight I somehow clicked on it's link on my tool bar and the first thing that pops in front of me is this thread about the Pulsar Aircraft asserts offered for sale for two million USD.
Sadly, The Pulsar story went sour after I had sold my 50% of the company "The Pulsar Aircraft Corp" to my financial partner Mr. Degani and left the company. For the lack of proper financing and especially after the 9/11 event, In the five years I managed the company I practically did everything. Development, building the company's airplane, Production, Training employees in production, Marketing, Internet Portal, Accounting, dealing with suppliers and ordering materials for production, setting up inventory, Customer's support, Sales, Exhibiting at Oshkosh and Sun n' Fun, Taking potential customers for a flight and everything else. The promised proper funding never came. It was trickled in a fashion that I could only keep the doors open and sadly prevented me to move the company forward as per my vision. What I had developed from the excellent design of the Pulsar by Mark Brown, into the Super Pulsar 100 was the best flying experimental airplane out there. I had taken the Super Cruiser design which we had purchased from Rich Trickle and was a great aircraft but a bit old fashion and developed a new tail for it to make it more appealing. I had plans to use the newly designed reinforced fuse and mate it to a fast tapered wing for a Super Cruiser 300 with a 350 HP motor. A version that would compete with the Lancair 4 but weight 700 lbs. less.
An LSA version of the SP100 was conceptualized but unfortunately I got burnt out after 5 years of 16 hours a work day full week and realized the funding will never come. I simply sold my 50% share for peanuts and walked away.
I pretty much knew the company would not get far ahead because the company was me, my love for Experimental aircraft and my vision.
I had set up Distributors with orders in Brazil and Russia and teamed Rich with Mr. Degany as his production manager in El Salvador before I left the company. Rich had left the company after a while and moved to work in Brazil developing the the Volare 400 which is a direct duplicate of the new Super Cruiser fuselage I had developed.
I must say it is a very nice four seater. The Volare 200 is a hybrid of the Super Pulsar 100 and the TR1. On their portal Volato presents Rich as the developer of the SP100 and it's a total BS.
To sum it all up, this venture was the most satisfying and fulfilling experience in my life.
Getting back to the 2 million dollar price I think the assets worth is around $100,000 and it'll take another $100,000 to relocate everything. They will be sitting another 20 years on it and then realize it's worth zero dollars.
I think aviation is moving fast towards new concepts and totally new powerplants, ie, Electric and hybrid.
Yellowhammer, This is Volato's portal: Volato Aeronaves: Produzido e fabricado no Brasil
I am now happily retired in Israel but the bug is still in me and who knows, I might come up with something.
Happy landings everyone
Solly
[email protected]
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