Quote:
Originally Posted by Bill Howell
Sound great, but bankruptcy doesn't work that way. Those that lost money are creditors, and if you pay one, you would have to pay all. Tricky deal dealing with those bankruptcy laws. I am sure a good business person could find a way to help customers that lost money, but it couldn't be in the form of refunds.
I think there is some good value left in the company, but yes, it would have to be new management and I would want to know who had control of the checkbook.
I live 45 minutes from their building and would love to see this idea happen, but there are way too many questions to be answered before I would buy into the organization.
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Yes.. that would be a "perfect world" end result. If you read his proposal he claims to intend to do just that... fill all the orders... pay all the creditors. I'd love to see that happen but this scenario has played out enough times with different names on the letter head that I'm a skeptic.