Krell Moves to new location

@soix,

+1,000, "It’s a master class in exactly how NOT to handle a corporate crisis situation".  

Assuming the principals even intend to resume business in its current form.

The Buelher character blames Krell’s prolonged closure on some judicial process and claims the court’s permission is necessary to reopen the doors (and start returning gear to owners).

Usually probate courts aim to maintain the value of assets winding their way through the process. For instance, if the asset were a chicken farm, the court would allow the chickens to be fed, the eggs collected, etc. all actions necessary to maintain the asset value of the business.

But here, we have Krell allegedly being kept under court-ordered closure, allegedly forbidden to get anything into or out of its premises, ensuring its income is reduced to zero and severely jeopardizing its value as an ongoing concern. Makes sense.

What makes sense is your astute observations.

Ware will the money come from to pay employees when they open?

The probate courts are making no effort to preserve "Goodwill", which is a significant component of corporate valuation. Seizing expensive equipment in for repair, holding it for many months, then going radio silent, is not a way to preserve corporate value.

It’s not even clear if there are any employees currently working for Krell. The physical whereabouts of the to-be-repaired equipment is unknown, and there does not appear to be any timetable to return the equipment to its owners. But is it even on-site any more? Has it been sold at an estate sale? Where is it?