Krell Moves to new location


hiend2

Showing 2 responses by goodlistening64

Probate court in Pennsylvania generally lasts 6 months to a year. Owner died in June of last year. Assume timeline is about right for the Krell case in whatever state is conducting it. 

When a company is in probate court it is unlawful for anyone to disclose information therein. Probate court is a private matter and disclosure of any details could lead to additional delays and legal action to those that provide data during the probate process.

Gleaning information by any means is destined to fail. No one can tell you anything of significance. Much of what is discussed here (a lot to do about nothing) leads to the development of conspiracy theories and most who attempt to provide information are causing unnecessary angst for those that have equipment at Krell for repair.

Hence, no one should expect to receive any information on future intentions or even information on what assets are being held. It is unlawful for those that you are inquiring to give you details, but it would seem to me that those still affiliated with Krell are doing what they can to restart when this process ends. 

Important to remember that a company can be bought while in the probate process and when that happens it becomes quite complex and thus, requires more time to finalize. It would seem feasible for them to be ripe for the taking by any number of large companies looking to expand on their offerings, and while Krell is not as widely known as McIntosh, they have a premium brand name.

Apparently while CT is resolved the conflict is not. A family holding company, J.F. Bicking, owns 30% and has tried to buy the 70% his son holds. 

If Bicking cannot buy him out, then Bicking is going to want the value of 30% of the company, and that, I would assume is the sticking point. What is the value of the company? Krell is said to have more debt than assets, so it is mystifying as to what value there may be; if any at all.

It would seem plausible that since the son has control to do what he wants, he has put the company out to the highest bidder and Bicking is going to walk away with 30% of that paltry figure.

Harman or Bose would seem to be a feasible landing spot but there may be some guy on Wall Street with a Krell Amp at home who wants to retire and requires a project that he can get passionate about. Free audio equipment is a perk.

The inheritance of Krell may be more of a thorn than a prize.