Is Hales finished for Good?


I knew Wadia and Hales were in trouble but it was my understanding at least Hales was predicted to survive.I went into Soundworks in Roch.NY today and I was told they both were bankrupt/dead.I was told many customers were waiting on Rev.3's and may have trouble getting their money back from Hales/Wadia as many prepaid for speakers etc. but the cash was tied up.Anytruth to all this?
david99
I heard that Wadia was purchased two weeks ago and will be back in business. Anyone else know anything?
Too bad about Hales. I recently had a chance to hear the T8's. Damn fine speakers.
Sorry I forgot to comment on Wadia. There is an effort to bring back Wadia. At this time this looks like it will happen. Sadly this effort doesn't effect Hales as well. FYI, this and the above info was attained Friday from a Hales/Wadia dealer(also a friend of Paul). Although this is positive, proably still should cross our fingers....LR
i used the opportunity to pick up t8's t1's and a center channel for slightly less than half price each.i think the hales are wonderful speakers,very real,great soundstage and lots of bass that doesn't get mushy.i am just tonight installing new home theater equipment purchased with money saved because of the fire sale prices on the remaining hales stock .i think all the hales have been terrific values in their corresponding price range and now are too cheap to let go by,if you can find what you are looking for.