Nitromater

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Knoll motorsports auction

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HEre is the problem I always have with auctions like this .. based on what transpired with that company, what are the chances that all of that inventory is paid for ..

If I was owed money by him for supplies delivered, and not paid for .. I would be mad fi my stuff was showing up at auction.

Who is holding this auction? the courts, or the landlord? anyone know?

I have more experience with this kind of thing than I wish I had... :mad:

I'm sure it's a court -- the landlord has no claim to the contents, only any past due rent. Their claim goes in with all the other unsecured claims. So do all the suppliers that were unpaid (if any). The court sells the assets, puts the proceeds in escrow, and then parcels them out in proportion to the total amount owed. What's worse, if the supplier was paid in the last 90 days, the supplier has to pay it back to the court, and wait for the whole thing to be settled (years...) to get their portion of it back. :eek:
 
I suppose one could wear the sweatshirts inside out and get some use out of them.

Also, someone in the area would be very smart if they were to attend the auction and take possession of items that people bid on from a remote location, and then take care of shipping items to the buyers. For a nominal fee of course. Might be too late to execute that however.
 
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I have more experience with this kind of thing than I wish I had... :mad:

I'm sure it's a court -- the landlord has no claim to the contents, only any past due rent. Their claim goes in with all the other unsecured claims. So do all the suppliers that were unpaid (if any). The court sells the assets, puts the proceeds in escrow, and then parcels them out in proportion to the total amount owed. What's worse, if the supplier was paid in the last 90 days, the supplier has to pay it back to the court, and wait for the whole thing to be settled (years...) to get their portion of it back. :eek:

thanks. sorry that you have had to go through that .. it always sucks when people get caught up in stupid decisions made by other people.
 
thanks. sorry that you have had to go through that .. it always sucks when people get caught up in stupid decisions made by other people.

Oh, you betcha. I'm four plus years into waiting for what promises to be about ten cents on the dollar for a balance owed well into in seven digits... :eek: :mad:
 
If someone is in the area and willing to plastic wrap some stuff up and see it put into a shipping truck for a small fee, let me know.
Lots of stuff I would love to have surpluses of, but not worth driving back there for.
 
Looks like they were still buying toys this year. I wonder if all they had was 3 tanker trucks? Not much of a business.
 
I was wanting to bid on the Knoll Refinery! I looked thru all 20 pages and I couldn't find it.
 
I wonder if the guys who bought the Torco name will be bidding on this stuff. That would be a cheap way to stock up on some stuff.
 
Lots of Lucas and Amalie oil and lubricants. I wonder how much stuff left before the creditors locked the doors.
 
Where have these pro Knoll supporters gone??

I think the statement back in January to the people who were skeptical about Knoll was, "Did the wheels fall off the bash Knoll bandwagon" as we were called out. It is crystal clear the support Knoll wagon has lost all of it's wheels and the wagon is smoldering at the bottom of a cliff. :D
 
Looked like several nice snowmobiles (or is it "snow machines"?)... Wonder how that related to their business??
 
If anyone has bid and won an auction and needs help removing / shipping the item , please let me know.

Paul
 
Anybody know if you can find results of what the stuff brought? I would be curious to know or hear from anyone who was there. I would like to have gone, but too far to ride to Michigan to buy a bunch more crap I dont need!!:D
 
I think the statement back in January to the people who were skeptical about Knoll was, "Did the wheels fall off the bash Knoll bandwagon" as we were called out. It is crystal clear the support Knoll wagon has lost all of it's wheels and the wagon is smoldering at the bottom of a cliff. :D

What there was plenty of is the same thing I still occasionally see and have just given up on responding to. There's still the possibility that he wasn't in his right mind due to some brain injury. There's the possibility that the people who came out against him from minute one were correct. There was ALSO the usual going overboard with generalizing/stereotyping anyone who happens to have a few bucks. (the peak of the big thread for me being personal attacks followed by "I didn't mean anything personal." Sh*t.) Just because some of us are against throwing someone under the bus before all the facts come out doesn't also make us Evan Knoll supporters. THEY made us into Evan Knoll defenders. Mistrust peoples' intentions all you want on the inside. Publicly expanding on the then current facts with what was no more than speculation by some?

It's something I would have defended against had it been done to you. Now I wouldn't because I don't care. I'll see it, know it's wrong, and just go on because it's something that will never change on this board.
 
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