Frankie's Comics files for chapter 11 bankruptcy18936
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 You can't get good wood on the ball every time.
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HotKeyComics private msg quote post Address this user | |
From their FB post: |
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 Where's his Bat-package?
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Byrdibyrd private msg quote post Address this user | |
| This is sad to hear, but at least the goal is to stay in business. Best of luck to Frankie's. | ||
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 Collector
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schmoff private msg quote post Address this user | |
| Big fan of Frankie’s hope they pull through | ||
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 I haven't aired it out. It's part of the provenance.
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Galen130 private msg quote post Address this user | |
| I did business with Frankie’s before I stopped subbing. At one point, they required actual accounts to purchase comics because of spam buyers, instead of buying as a ‘guest’. I walked away. I’m not surprised, or sympathetic. The entire comic collecting hobby has been turned on it’s head, especially with big comic stores. I hope they can survive, but greed can be destructive. Just my two cents…  |
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I haven't aired it out. It's part of the provenance.
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Galen130 private msg quote post Address this user | |
| I feel I should elaborate on my 'greed' comment above. This also applies to buyers. When a comic store, or entity if you will, charges $34.99 or more for a variant by a certain artist (Frankie's specialized in Jeehyung Lee artwork back when I was a customer) and people buy that stuff to turn a profit, the bubble has to burst eventually. Now, people can't afford them, or they aren't worth buying because the value isn't there anymore. I fell victim to this for a short period, but that's one of a handful of reasons why I got out of that market. It's not just the fault of Frankie's in any particular way, except maybe in general business practices. Customers create problems like this as well in most regards (comic collecting at least). If Frankie's survives, hopefully they learn some valuable lessons. No one's perfect, but there are perfect intentions. I'm done now.  |
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You can't get good wood on the ball every time.
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HotKeyComics private msg quote post Address this user | |
| I'm a little surprised at the 18 month timetable given... they weren't making profits from may 21 until may 22 when the market was just nuts? I can definitely see the last 6 months but 18 seems odd given the bubble. |
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Collector
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danberry75 private msg quote post Address this user | |
| For those who are interested in this kind of thing, I've taken a look at their creditors. Unlike Aftershock they only seem to owe $ to one creator...Ivan Tao. They owe $ to Diamond, Penguin Random House, and Lunar distribution companies also. Also Titan Publishing, Paypal, Shopify are listed as creditors. All this info is available through the US Government's PACER site FYI. |
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