Q&A: Catalina Will Reopen, Reardon Says – Loose Cannon
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This is a text exchange with Michael Reardon that happened after I asked him to comment on today’s main story, Michael Reardon’s Year of Living Dangerously. Loose Cannon: Michael, Peter Swanson here. I’m writing a story about what a bad year 2025 has been for you, and I have a few things to run by you. I have a tape on which you tell Catalina’s workers that there might be a solution their pay dilemma. You refer to the D100 tranfer to Europe: “I just delivered a 100-foot boat to France for Daedalus company. We haven’t received our final payment—as we should have—yet. A few technical issues need to be resolved on the boat.” How can you tell them you expected a final payment when there was probably a year’s worth of work to be done on that boat before it could seatrial? Michael Reardon: You only know 20 percent of a story, and have even less facts yet report it as gospel. The 100 is being fit out in France to avoid 25 percent tarrifs on European goods, i.e. all the interior and systems. You have previously reported in the worst way. Cease and desist. I am in confidentiality agreements from commenting further. L.C.: Why did you tell the folks at Catalina you would be getting a final payment for the D100? Reardon: The boat is still in construction, ergo payments incomplete. End! This is all I have left for you. Cease and desist! L.C.: With Catalina and Daedalus closed abruptly, why would anyone have the trust to put a down payment on a new Tartan? Reardon: Daedalus was not closed abruptly. It was a planned transfer. Catalina will reopen. L.C.: How? Reardon: None of your business, negative-news man. Run a positive news story on the largest export sailing yacht out of America in a decade. Then ask me for an interview in person. L.C.: Ex-Daedulus workers say the Muffs (Reardon’s financial backers) pulled out because you started a fight on the factory floor. Is that true? Reardon: $2.5 million savings on systems is the reason. Bye, bye now. L.C.: The part about the fight is true though. It’s on video. Reardon: You have only a portion. You don’t see the preemptive, where a worker is fired, then pushes me to the floor. You only see my reaction after. Again negative sell. Run a positive price, then we can have a news story L.C.: Just curious. Why did prosecutors drop the charges after you ran from local police in your car? Reardon: There was no run. I pulled in at the closest safe point on the two-lane road with no shoulder. Hence, charges dismissed. LOOSE CANNON covers hard news, technical issues and nautical history. Sometimes he tries to be funny. Subscribe for free to support the work. If you’ve been reading for a while—and you like it—consider upgrading to paid. You’re currently a free subscriber to LOOSE CANNON. For the full experience, upgrade your subscription.
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