RE:RE:RE:RE:RE:RE:RE:OlieBollenBilly and the Wisguy One thing you should always keep in mind:
It’s much easier putting an offer in on a failed business as opposed to a successful one. Great scrutiny is applied by the prospective purchaser towards the reasons for failure. And the seller knows it. The odds of overpaying for assets from a failed business are greatly reduced.
A successful business on the other hand can often mask fatal errors in the business (Operations and asset deficiencies) that are often detected when it’s too late. Fortunately, the issues with the MOY assets under Receivership are not hidden - they are fully exposed.
There is absolutely no reason to prevent Novo from cherry picking what it needs, what requires adjustment, from what it wants to avoid. And taking all the needed time to do it.
The advantage of Novo’s position is obvious.
Tx