What is crazy to me is there are several investors to get the business back going and I have heard a # that 80 blocks were owed and most paid a 50% deposit. This is only about $250k. In the grand scheme of things all 80 blocks would only be $500k retail( before price increase). What is this business worth???
Well it was less than zero, or maybe some small amount after a liquidation. Value of tooling, name brand(maybe not worth much after the bs), possibly real estate. If no real estate the amount was certainly around zero as tooling for something this niche isn't going to bring a premium price. Real head scratcher as to how/why a deal for less than half interest was reached. I'll speculate it was for far less money than most think and with the intent to profit from the building of the engines. Recapitalize just enough to restart production for their ends to be met and hope nobody sues.
