Yellow | Some questions ????

[7.62mm]

I heard some interesting rumors from someone I trust. I am curious about a few things.
1. Were all of the remaining terminals [ 46 owned/ 147 leased] up for auction in the second round 12/18-12/19? Or were the 23 that sold the only terminals offered in the auction?
2. Was the first auction a binding contract? Did the purchaser have the right to back out of finalizing the deal after the judge approved the auction on 12/12?
3. Does anyone have any details about the second offer From Next Century Logistics?

 

[BIG R GUY]

If you trust the person who you, heard the rumors from, it must be all true.

 

[macdoodle]

Next Century Logistics is still in the game.

 

[7.62mm]

If you trust the person who you, heard the rumors from, it must be all true.

I was a steward for years and I like to verify things. I trust the guy...but that doesn't mean I BELIEVE everything. Truck drivers would never be wrong or embellish anything right??? So I figured I could get some answers from some of the people here who know more about auctions then I do.

 

[BIG R GUY]

I was a steward for years and I like to verify things. I trust the guy...but that doesn't mean I BELIEVE everything. Truck drivers would never be wrong or embellish anything right??? So I figured I could get some answers from some of the people here who know more about auctions then I do.

Believe me Ted, if the honest answers to your questions were out there, you would see the news link posted here.

 

[seabreeze]

I was a steward for years and I like to verify things. I trust the guy...but that doesn't mean I BELIEVE everything. Truck drivers would never be wrong or embellish anything right??? So I figured I could get some answers from some of the people here who know more about auctions then I do.

You've come to the right place, everyone here is either a lawyer, rocket scientist, or a former assistant manager at the Golden Arches, we can help.

 

[Steward of the Rock]

You've come to the right place, everyone here is either a lawyer, rocket scientist, or a former assistant manager at the Golden Arches, we can help.

I was a Dietician. But after my first two clients (Bertha and Puddin’), it was obvious that I had made a bad career choice!!!

 

[BIG R GUY]

You've come to the right place, everyone here is either a lawyer, rocket scientist, or a former assistant manager at the Golden Arches, we can help.

What about myself, and my -15 percent less driving, team partner? You bastard.

 

[seabreeze]

What about myself, and my -15 percent less driving, team partner? You bastard.

Read my post again.
I didn't leave you out, I know you were both assistant managers at McDonald's

 

[EX396]

I heard some interesting rumors from someone I trust. I am curious about a few things.
1. Were all of the remaining terminals [ 46 owned/ 147 leased] up for auction in the second round 12/18-12/19? Or were the 23 that sold the only terminals offered in the auction?
2. Was the first auction a binding contract? Did the purchaser have the right to back out of finalizing the deal after the judge approved the auction on 12/12?
3. Does anyone have any details about the second offer From Next Century Logistics?

1. All remaining were up for auction.

2. Once the auction hammer falls all parties (seller, buyer and auctioneer) have entered into a binding contract. There are still duties to perform to execute that contract. If one party fails to execute their contractual obligations action will be taken for damages. Bottom line, they can't back out just because they changed their mind. If they back out there will be legal proceedings.

3. Somebodies do, I certainly don't.

Almost all the info you could want are available to view in the dockets.

 

[crazysandy]

1. All remaining were up for

Only question I have couldn't find it. When or what do you think will happen to the other owned terminals. Was the auction done were reserves not met? I could be dumb and just not have found it, usually decent googler.

 

[BIG R GUY]

Read my post again.
I didn't leave you out, I know you were both assistant managers at McDonald's

No, Wong was, loose meat sandwich maker, and I was assistant, to the assistant manager at the Maid Rite in Grinnell, Iowa.

 

[crazysandy]

No, Wong was, loose meat sandwich maker, and I was assistant, to the assistant manager at the Maid Rite in Grinnell, Iowa.

Thanks for clearing that up.If I have any pressing loose meat questions I'll be hitting up you or Wong. Not sure I really want to know.

 

[victor93]

No, Wong was, loose meat sandwich maker, and I was assistant, to the assistant manager at the Maid Rite in Grinnell, Iowa.

Not to be outdone, we have a Maid Rite next to our defunct New Penn terminal in Scranton

 

[crazysandy]

Not to be outdone, we have a Maid Rite next to our defunct New Penn terminal in Scranton

I had no clue I truly am lame... thankfully there is Google I didn't know that was a thing. I would actually like a loose meat sandwich

 

[BIG R GUY]

Not to be outdone, we have a Maid Rite next to our defunct New Penn terminal in Scranton

Look in the store yearbook, 1990. Our pictures should be in the employees of the month section for July.

 

[Cab Lizzard]

You've come to the right place, everyone here is either a lawyer, rocket scientist, or a former assistant manager at the Golden Arches, we can help.

I am a master embalming specialist and undertaker.
Always looking for a few new costumers.
I can fix loose meat problems with a quick pipe drain. No extra charge!

 

[Cab Lizzard]

Not to be outdone, we have a Maid Rite next to our defunct New Penn terminal in Scranton

Nothing wrong with gettin the Maid done Right.

 

[ltltrkr]

1. All remaining were up for auction.

2. Once the auction hammer falls all parties (seller, buyer and auctioneer) have entered into a binding contract. There are still duties to perform to execute that contract. If one party fails to execute their contractual obligations action will be taken for damages. Bottom line, they can't back out just because they changed their mind. If they back out there will be legal proceedings.

3. Somebodies do, I certainly don't.

Almost all the info you could want are available to view in the dockets.

there were some back up bids ( like 10-12) for some of the original terminals sold. I guess there are some reasonable reasons to back out but probably with a penalty.

 

[Cab Lizzard]

If their are fuel pumps on site lots of fuel in the ground to clean up $$$$