Jaydogrules

....as is the butthurt. -J.

Yesss.. Now I can check off the RMA/Lazyboy/Darkstar/etc. slot on my bingo card. Just one more to go. ;) -J.

As I've already said, that is the most reasonable conclusion to be reached based on the overwhelming evidence that is currently available publicly. But sure, if you feel comfortable buying and owning the slabs of a company that struggled the entire time of its existence until it finally had to participate in an "asset sale" once it became "insolvent", more power to you. Me, I like companies that don't do those things. -J.

Anyone else see this 9.2 sell for $8600? https://www.ebay.com/itm/Teenage-Mutant-Ninja-Turtles-1-CGC-9-2-THIS-IS-A-FIRST-PRINTING-FROM-1984/323239239316?hash=item4b428f5e94:g:shwAAOSw8S9a63oQ&redirect=mobile That's a new GPA high by a whole lot for the grade. -J.

Apples and oranges. 7% is pathetic given the upfront capital and inevitable large and reoccurring business expenses that no doubt went into even getting the thing started. Hence why PGX is still able to stay afloat with as little as 2% market share and Voldy went bankrupt and liquidated with 7% (again, not good). Oh and I only need two more of you to respond to complete my "most insufferable, condescending know- it-all boardie" bingo card now (with continuing apoogies to Mr.McKnowitall). -J.

I would as well. And that apparent 7% market share is a recent peak. As recently as just a few months ago it was much less than that even. You're not going to be able to stay in business for long with that unless you're working in some dude's basement like PGX supposedly does. -J.

Cool. Now let's see this overall pittance of sales with the CGC line. Lol -J.

Do I have a bankruptcy petition that I can link you to ? Of course not. Nor would I if the proceedings have been sealed. But....this has all of the hallmarks- and I mean all of them- of a bankruptcy including but not limited to what has been alleged in Metros lawsuit. -J.

I can't. Obviously. Especially if it has been sealed at least for now (it may very well become unsealed later as jaybuck so adroitly pointed out). Just follow the bread crumbs though. The company was already publicly struggling. Then out of the blue Beckett decides to step in and purchase outright a company that is struggling? Really? Sure. And Voldy still struggling now with Beckett taking things over. The substance of the lawsuit as I read it is that Beckett is trying to weasel out of a prior existing contract that was with Voldy. The lawsuit even hints at potential back room deals being made during the bankruptcy liquidation that they were kept out of the loop from. The lawsuit also refers to more than one bankruptcy buzzwords like "asset sale" and "insolvency". Sure you can sit back and hope, despite all publicly available evidence to the contrary that we do have that this was a normal business sale. When clearly, it was not. -J.

Okay that's funny. Touche. -J.

"Asset sale". Who woulda thunk? (Anybody paying attention actually) https://www.inforuptcy.com/articles/363-bankruptcy-asset-sales-overview -J.

Lol Spare me guru. I'm still trying to figure out how I fell for believing that mergers and acuisitions comment was a link to an actual thread that supported anything you apparently believe. Silly me. -J.

Oh okay so then people should just believe what "you" say rather than an unbiased business article that is completely on point. And I know you're probably heavily invested in trashy Voldy slabs as well but really is it any surprise to anyone that the company went bankrupt and got liquidated in an asset sale ? I mean seriously, outrageous turn times, virtually no presence at cons, slabs that routinely sell for a significant discount to comparably graded CGC slabs, and a market share that struggled to get just beyond infinitesimal would certainly lead one to believe that bankruptcy was the inevitability. Which is why I never went bargain hunting to buy any of them. -J.

Actually, corporate bankruptcies can be sealed. https://business-finance-restructuring.weil.com/professionals/can-you-keep-a-secret-can-the-bankruptcy-court-bankruptcy-courts-must-adequately-demonstrate-the-basis-for-sealing-proceedings-from-the-public-media/ -J.

Upon a further re-reading I see I was a tad to hasty in my smart azz response to you. Apologies. -J.

Seriously, is this an upcoming cover or just a doddle the guy wanted to show off ? -J.

Oh look and here's another all knowing comic guru that travels in the same pack with the other guy. Well at least you admit what you think you are in your username. Lol I just need to hear from two or three more of you before I can complete my bingo card. Oh and to you, I will also extend my condolences for clearly buying too many slabs from this bankrupt company. -J.

Yes, yes I know. You're another one of those "all knowing comic gurus" that are never wrong about anything and should never be questioned. Whatever gets you through the night, bud. And I will leave you with a reiteration of this comment: This is referred to as an "asset sale" for a reason, just as it is not referred to as simply a "sale of assets" in your imaginary scenario for a reason. "Asset sales" happen when an individual or a company go BANKRUPT. Which is quite clearly what this article explains: https://www.inforuptcy.com/articles/363-bankruptcy-asset-sales-overview You obviously have bought more Voldy slabs than prudence or common sense should have dictated. Sorry to hear that. But a duck is still a duck. -J.

+1 I agree with all of this. But of course if there is a contract and it's silent on matters of bankruptcy/insolvency and/or acquisition, then Beckett "should" be on the hook for what Metro is claiming. -J.

And what kool-aid are you drinking? The article specifically refers to an "asset sale". Beckett did not simply buy out Voldy, Voldy was acquired through an asset sale. "Asset sales" are what happen when companies and individuals go bankrupt. You seem to have a thing for kool-aid. How do you like this kool-aid? https://www.inforuptcy.com/articles/363-bankruptcy-asset-sales-overview -J.

Beckett is bound to honour any pre-existing contracts from the now bankrupt and liquidated Voldy. At least that's my understanding of Chapter 7/11 law. -J.

It certainly does. Yes, I know it's not anything you want to believe or accept. But it is what it is. Voldy was a complete and total bust. -J.

This was my reading as well. Also, this confirms that Voldy indeed completely failed. It went bankrupt and was purchased through a receivership by Beckett. Metro is trying to stop them from becoming completely insolvent before they get what they're owed, as it appears Beckett is attempting to not honor the terms of an agreement that the previous, now dead company made with them. Unfortunately for Beckett, the law will not be on their side on this. I'm just glad I never went bargain hunting on any cut-rate Voldy slabs. -J.

Damn man that is nice. You are on a roll of late. -J.

This book looks to be heating up big time (along with other early ASM keys). -J.