View Single Post
      03-11-2018, 12:59 PM   #60
TRZ06
Lieutenant Colonel
TRZ06's Avatar
United_States
629
Rep
1,755
Posts

Drives: 16' M3
Join Date: Apr 2007
Location: Bay Area, CA

iTrader: (0)

Quote:
Originally Posted by The__J__Factor View Post
Quote:
Originally Posted by TRZ06 View Post
Yep. Basically off loading a business in the red heading for bankruptcy.

Restarting with no debt.

Shitty practices and I have no respect for it
You don't think the buyers would have seen the books and then agreed on a price that suited their evaluation?

The Dinan name and bmw connection is valuable in itself and obviously the buyers thought they could continue/improve/grow the business they were buying.
And how many vendors got shafted and had to take a loss in bad debt??

It's a shitty practice.
__________________
18? Camaro 2SS 1LE
16' M3 MG Ext. /SO Int. (DCT, Ohlin R/T, 19" wheels)
15' Audi S4
13' Audi TTRS (APR stage 1, MSS springs)
09' C6 Z06
08' M3 Interlagos Blue: 6sp, Tech.
Appreciate 0