Ch. 7 Bankruptcy Filed 9/6/18

@TLA Want to win an auction?

 

Man I have the cash on hand for that auction too. Too bad I'm on the wrong side of the country.

 

There is a part of me that loves the idea of someone(s) picking up the lot for cheap and getting this into the hands of the community for a steep discount

 

I think if a few guys went in as partners, they could still make it right for the people that got screwed (no CC refund) and sell the remaining lot and still make a profit.

 

How much do ya'll think it'll close at?

 

Judging by the pics, there's probably 20k ready to ship stuff and 20k in stuff that needs work done to it.

 

11k-12k

 

@Clarky4×4

 

Jokes on you guys, it’s a fake auction with pictures of the warehouse from when they were still in business. Pelfrey is just out to steal some more money and not deliver product.

 

lol

 

I'm sorry to anyone that got ripped off, but if I was in CA or could get everything shipped to me, I would be bidding.

 

Someone will be a vulture. You'll see auction booty on the WWW at slightly higher prices..

 

If I was home if be lining up some warehouse space and a shipping account

 

You need to put down a 5g deposit to ensure the warehouse gets cleaned up properly, it gets refunded once you have the place empty.

 

Jeez, there's boxes ready to be shipped. All they needed was a shipping label and to go out the door. Feel sorry for whoever's bumpers are in those boxes.

 

If anyone on here has any part in that auction or can get a hold of some inventory, I still want a swing out for my HC bumper.

 

There was a few of us that briefly discussed this very idea. Sell the equipment to pay off the bid, and robin hood the product inside. We decided against it because there is no way to make it right for everyone that got burned, and we weren't about to try and be judge and jury as to who got first rights.

 

But if you can't pay the freight bill, it's irrelevant. That's the downfall of most boom businesses, case in point. You can have all the sales in the world, but if you don't have the cash flow to cover stuff like freight NOW, that's the ball game.

 

Fully aware; zero dollars is zero dollars.
It sucks elephant fart right from the source and it's downright depressing, discouraging, infuriating to see.

 

I had the same initial thought as you. Then the accountant in me kicked in. You're right. Damn shame.