However, Spectravideo quickly ran into trouble. By December 1983 its stock had fallen to 75 cents per share. In March 1984, the company agreed to sell a 60% stake of itself to Hong Kong-based Bondwell Holding in a deal that would have also required the resignation of president Harry Fox and vice-president Alex Weiss. That deal was set aside when Spectravideo was unable to restructure about $2.6 million worth of debt, and another deal where Fanon Courier U.S.A. Inc. would have purchased 80% of the company was struck in July.