Old Fashion PB and J Posted May 10, 2018 Share Posted May 10, 2018 2 minutes ago, Jaydogrules said: 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. Link to comment Share on other sites More sharing options...
Jaydogrules Posted May 10, 2018 Share Posted May 10, 2018 3 minutes ago, Ryan. said: Not if the original contract allowed for either party to terminate the agreement in the event of insolvency or acquisition and there was no language obligating that outstanding balances be paid. Metro could still file a claim but the payout would depend on how Beckett is positioning themselves as an acquirer of Voldy. This, of course, is based on the premise that Voldy and Metro actually put a formal contract in place and it wasn't a handshake deal between two non-legal reps. +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. Link to comment Share on other sites More sharing options...
HENRYSPENCER Posted May 10, 2018 Share Posted May 10, 2018 The lawsuit mentions ""CBCS Ops" out of North Carolina". What relation is this to CBCS the company we all know who operates out of Florida? Link to comment Share on other sites More sharing options...
namisgr Posted May 10, 2018 Share Posted May 10, 2018 (edited) 2 hours ago, Jaydogrules said: 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. Beckett should sue you for slander. You're not someone who's shown any ability or inclination to learn when something is pointed out to you, so I'll make only this single comment. In company acquisitions, the acquirer buys assets as specified by contract. In no way, shape, or form does the section you quoted provide any information on the solvency of the acquired company. Unless you can provide publicly available materials on a bankruptcy filing, you continue to speculate baselessly and be wrong about their financial status at the time of their acquisition. Edited May 10, 2018 by namisgr D84, Foley and Poka 3 Link to comment Share on other sites More sharing options...
Jaydogrules Posted May 10, 2018 Share Posted May 10, 2018 (edited) 7 minutes ago, namisgr said: Beckett should sue you for slander. You're not someone who's shown any ability or inclination to learn when something is pointed out to you, so I'll make only this single comment. In company acquisitions, the acquirer buys assets as specified by the contract. In no way, shape, or form does the section you quoted provide any information on the solvency of the acquired company. 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. Edited May 10, 2018 by Jaydogrules Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted May 10, 2018 Share Posted May 10, 2018 Link to comment Share on other sites More sharing options...
Mr.Mcknowitall Posted May 10, 2018 Share Posted May 10, 2018 3 minutes ago, Jaydogrules said: 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. "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. Under the proposed slander suit you have responded to, via your able clarification, would it not be a counter suit for corporate slander (treble damages?), available in your cupboard to use? Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted May 10, 2018 Share Posted May 10, 2018 Link to comment Share on other sites More sharing options...
Jaydogrules Posted May 10, 2018 Share Posted May 10, 2018 Just now, Mr.Mcknowitall said: Under the proposed slander suit you have responded to, via your able clarification, would it not be a counter suit for corporate slander (treble damages?), available in your cupboard to use? 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. Link to comment Share on other sites More sharing options...
Ryan. Posted May 10, 2018 Share Posted May 10, 2018 50 minutes ago, HENRYSPENCER said: The lawsuit mentions ""CBCS Ops" out of North Carolina". What relation is this to CBCS the company we all know who operates out of Florida? NC is likely where they are incorporated for taxation purposes, while Florida is where their physical HQ is located. HENRYSPENCER 1 Link to comment Share on other sites More sharing options...
Mr.Mcknowitall Posted May 10, 2018 Share Posted May 10, 2018 1 minute ago, Jaydogrules said: 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. Actually, I was backing you........and I don't collect comics, I just come here to learn about them and I do learn a lot. If you read my response a little slower, and not in anger and with a sense of satire, you may understand my position. It is OK. I am often misunderstood, ESPECIALLY by he who you responded to. I assure you the pack you propose would crumble under foot with the first joined step. I have never ever bought a slab but if I was to do so, however painful it may be for me to say it, I would seek the advice of Donut and Vintage. So there is that. Of course I would probably end up filing a lawsuit against both of them. RockMyAmadeus 1 Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted May 10, 2018 Share Posted May 10, 2018 Link to comment Share on other sites More sharing options...
Mr.Mcknowitall Posted May 10, 2018 Share Posted May 10, 2018 1 minute ago, The Resurrection said: I know. I am really starting to get confused about the whole thing....who's on first.... Old Fashion PB and J 1 Link to comment Share on other sites More sharing options...
Jaydogrules Posted May 10, 2018 Share Posted May 10, 2018 6 minutes ago, Mr.Mcknowitall said: Actually, I was backing you........and I don't collect comics, I just come here to learn about them and I do learn a lot. If you read my response a little slower, and not in anger and with a sense of satire, you may understand my position. It is OK. I am often misunderstood, ESPECIALLY by he who you responded to. I assure you the pack you propose would crumble under foot with the first joined step. I have never ever bought a slab but if I was to do so, however painful it may be for me to say it, I would seek the advice of Donut and Vintage. So there is that. Of course I would probably end up filing a lawsuit against both of them. Upon a further re-reading I see I was a tad to hasty in my smart azz response to you. Apologies. -J. Mystafo 1 Link to comment Share on other sites More sharing options...
Old Fashion PB and J Posted May 10, 2018 Share Posted May 10, 2018 1 minute ago, Mr.Mcknowitall said: I know. I am really starting to get confused about the whole thing....who's on first.... No, no... I just LOVE a good train wreck Link to comment Share on other sites More sharing options...
Mr.Mcknowitall Posted May 10, 2018 Share Posted May 10, 2018 2 minutes ago, Jaydogrules said: Upon a further re-reading I see I was a tad to hasty in my smart azz response to you. Apologies. -J. None needed at all. I realized you had just read a bit to fast. If I thought you were being serious, I would have sued your azz. (just in case). Link to comment Share on other sites More sharing options...
Mr.Mcknowitall Posted May 10, 2018 Share Posted May 10, 2018 5 minutes ago, The Resurrection said: No, no... I just LOVE a good train wreck Car slams into train. Train disintegrates... who woulda thunk? Old Fashion PB and J 1 Link to comment Share on other sites More sharing options...
namisgr Posted May 10, 2018 Share Posted May 10, 2018 (edited) Mergers and Acquisitions 101 An asset acquisition is the purchase of a company by buying its assets instead of its stock. Edited May 10, 2018 by namisgr Poka, D84 and jaybuck43 2 1 Link to comment Share on other sites More sharing options...
shadroch Posted May 10, 2018 Share Posted May 10, 2018 (edited) If CBGS or any other company were in bankruptcy proceedings, wouldn't there be a public record? If bankrupt, wouldn't there be an asset auction, open to the public? For some reason, I can't find any evidence of them seeking or being granted protection from the bankruptcy courts. Has jb ever produced any evidence for his bizarre attacks on the company? Edited May 10, 2018 by shadroch Larryw7 1 Link to comment Share on other sites More sharing options...
jaybuck43 Posted May 10, 2018 Share Posted May 10, 2018 3 minutes ago, shadroch said: If CBGS or any other company were in bankruptcy proceedings, wouldn't there be a public record? If bankrupt, wouldn't there be an asset auction, open to the public? Has jb ever produced any evidence for his bizarre attacks on the company? Yes, there is no way to keep a bankruptcy filing private. Link to comment Share on other sites More sharing options...
