RE:Aerotech Auction

Surely a group as powerful as rmr could throw together $30k to buy the company and control the industry....

Just a thought.

Aerotech, surrendered all shares to Rosenfield for liability reduction reasons in December. So Rosenfield now owns Aerotech/ISP in whole.

Aerotech from the fire, Rosenfield (as RCS) tried to buy the shell of Aerotech for $30K from bankruptcy.

rejected for not meeting several legal requirements for an insider purchase.

assets of Aerotech. There were multiple requests for business information to the trustee as the bankruptcy paperwork was incomplete. Most of it has or will be provided. A new auction date has been set for end of next month to allow all requested information to be disseminated and inspected.

Hang on.... I'm visualizing, THAT board meeting........ ; )

ROFL! : )

Randy

And Kurt says:

Now wait just a minute...30k AIN'T chicken feed, you know.

Do realize that Gary Rosenfeld personally owns the Aerotech production facility. Aerotech leases the facility from Gary.

Anyone buying Aerotech would either need to spend up to $2 million on another production facility or negotiate a lease with Gary.

Gary might not want any part of Aerotech if he doesn't own it, but on the other hand he needs revenue to pay off the building he owns.

Brian Elfert

I think pi$$ing up a rope would be more productive, but not more entertaining.

John

We don't feed no chickens, we EAT chickens.

Bwaa ha ha ha ha

John

surrendered all shares to Rosenfield for liability reduction reasons in December. So Rosenfield now owns Aerotech/ISP in whole.

from the fire, Rosenfield (as RCS) tried to buy the shell of Aerotech for $30K from bankruptcy.

for not meeting several legal requirements for an insider purchase.

Aerotech. There were multiple requests for business information to the trustee as the bankruptcy paperwork was incomplete. Most of it has or will be provided. A new auction date has been set for end of next month to allow all requested information to be disseminated and inspected.

How nuch did Jerry offer for AT, and is all the paperwork legaly transferable?

Alan

Seems to me that if folks wanted out, they'd have just taken a cash settlement from the insurance company after the fire...

Bob Kaplow NAR # 18L TRA # "Impeach the TRA BoD" >>> To reply, remove the TRABoD!

I don't think the investors in Aerotech realized they would be spending $600,000 on legal fees when they decided to rebuild.

Brian Elfert

Sounds like a real sleazy way to do business - even if it is with a lawyer.

This details are probably public record if anyone cares.

surrendered all shares to Rosenfield for liability reduction reasons in December. So Rosenfield now owns Aerotech/ISP in whole.

from the fire, Rosenfield (as RCS) tried to buy the shell of Aerotech for $30K from bankruptcy.

for not meeting several legal requirements for an insider purchase.

Aerotech. There were multiple requests for business information to the trustee as the bankruptcy paperwork was incomplete. Most of it has or will be provided. A new auction date has been set for end of next month to allow all requested information to be disseminated and inspected.

This explains why Jerry is not posting ?

Aerotech, surrendered all shares to Rosenfield for liability reduction reasons in December. So Rosenfield now owns Aerotech/ISP in whole.

Aerotech from the fire, Rosenfield (as RCS) tried to buy the shell of Aerotech for $30K from bankruptcy.

rejected for not meeting several legal requirements for an insider purchase.

assets of Aerotech. There were multiple requests for business information to the trustee as the bankruptcy paperwork was incomplete. Most of it has or will be provided. A new auction date has been set for end of next month to allow all requested information to be disseminated and inspected.

what? and leave commercial rocketry ala TRA/NAR stranded? That would'nt have been politically correct

better to wait until a few more EM and AMW motors were certified, and CTI just had a K, L and M motor added to their mix

but what would a buyer be getting apart from the trademark? wouldn't the patents have been auctioned off to pay the creditors?

- iz

Hope Jerry is gonna keep makin' those G008s :-)

AT for $30k? Do they take checks?

Mark Simpson NAR 71503 Level II God Bless our peacekeepers

Do you have any idea what you are talking about??? Seriously???

Have faith grasshopper.

Got the cash where do I go?

Aerotech, surrendered all shares to Rosenfield for liability reduction reasons in December. So Rosenfield now owns Aerotech/ISP in whole.

Aerotech from the fire, Rosenfield (as RCS) tried to buy the shell of Aerotech for $30K from bankruptcy.

rejected for not meeting several legal requirements for an insider purchase.

assets of Aerotech. There were multiple requests for business information to the trustee as the bankruptcy paperwork was incomplete. Most of it has or will be provided. A new auction date has been set for end of next month to allow all requested information to be disseminated and inspected.

what would have been the impact if AT threw up their hands when they closed their doors with the fire, telling the rocketry community that they had no intention of "recovering" as a supplier and that the market was on its own?

- iz

Yeah, but what does that have to do with political correctness??