Join Date: Jun 2008
Location: Spring Hill, TN
Rep Power: 1
Maybe a bankruptcy attorney among us could explain... but...
Could this be a maneuver by the investment group to kick out the founders, wash the company of debt and acquire the intellectual property? They were at the point of manufacture so it would appear they could move into production relatively quickly with a renamed product.
Seems like the perfect time to step in and buy a product line for pennies on the dollar.