|Posted on Saturday, December 12, 2015 - 02:06 pm: ||
From a good source,
A liquidator, Liquid Assets (Bill Melvin - liquidator) was the buyer at $1.6m - they are keeping it quiet waiting for the Judge to approve the sale this Monday in court - they don't want to create opposition to the sale by having employees show up to oppose the liquidation of EBR.
Anyone & everyone can speak to the Judge in court - it is a public hearing - if 10 to 20 employees would show up and tell the Judge how this effects them personally it would make a difference to buy more time - especially since there are other buyers interested in keeping the company intact rather than breaking it up - there is no reason why EBR had to be taken to auction so quickly.
if the employees can show up and tell the Judge the impact of liquidation on them personally - then ask the Judge for more time to find a buyer that would keep EBR intact ... it would have a significant impact -- especially since the creditors that are owed money are NOT forcing a quick sale of EBR (since they are take a BIG loss on what they are owed).
So we can help this. There are people trying to work out a deal to keep it together, just need more time.
|Posted on Monday, December 14, 2015 - 07:40 pm: ||
I really don't understand how a liquidation Judgement could benefit the creditors.
I had no knowledge of the man's story and his commitment to the art,until after buying my used 1125R. I bought it for a road trip i had been talking about for Too many years.
My decision was based principally on design concepts, merit of power plant and cost.
I don't think I've ever bought something that I couldn't rationally justify, but an 1190RX parked next to my 1125r . . . .
I hope the Judge read up on what he presides over, and allows the necessary stay in time for a recovery plan
The Very Best of wishes