Krell Moves to new location

In retrospect, my Florida comment was too blunt and too harsh.

Florida, particularly the northern part, actually has a lot of pretty cool things to see and do. I happened to write that when I was still angry about having to deal, long distance, with yet another dishonest, incompetent company down there. Unfortunately in my experience, that's more the rule than the exception. I spend part of my time down there because I have unseverable ties to one particular area.

I should have said, between the two states, I'll take Connecticut every time.

For me personally, it's better by every measure. In Florida, everyone has to habitually spread poison on their yards in their ever continuing battle with fire ants. Then there's rattlesnakes, black widows, brown recluse spiders, armadillo's tearing up your lawn,  mosquitos, Palmetto bugs, poisonous caterpillars, etc. etc.

The air is so humid and thick, it's like someone already breathed it in before you. The water is undrinkable unless your house has an elaborate filtration system, the soil is so poor if you want to plant something you have to dig a big hole, get rid of what passes for dirt down there, and buy dirt to fill the hole you just dig. The heat is unbearable, so forget any extended outdoor activities most of the year. There's no change of seasons, so everything looks pretty much the same year round. You get this instead- soul crushingly hot and still too hot. It's nice for about a month. Storms and heat just keep getting more severe, and anytime a few shingles get blown off someone's house anywhere in the state, my insurance goes up. Wages are chronically  low, yet gas and groceries are more expensive. My auto insurance is ridiculous because I apparently have to subsidize all the horrendous drivers and high percentage of uninsured vehicles bumping into each other. I could go on, but I bet few of you have read this far.

Suffice it to say Connecticut, as well as the rest of New England has that beat in every way. Natural beauty, the magic of the ever changing landscape of the seasons, simply spectacular. The air is better, the water is purer, the soil can actually sustain life. Wages are high as this is a very wealthy state. For me personally, the quality of life is better in every way. Restaurants, parks, beaches right there, mountains a half days drive, a Broadway show two hours west, historic Boston an hour north. Beautiful colonial hamlets, history everywhere you go. Ok, Im done. Could go on and on. If you live in Florida and love it, I think that's great. It's simply not for me.

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.

@goodlistening64 The case in Connecticut is resolved. Her only son owns Krell.

Yes, I thought that was already known.

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.