Krell Moves to new location

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?

Obviously, the post above asks many questions that everyone is wondering about. Unfortunately, it seems, no one is answering them.

I also do not understand why Krell industries said they will communicate something to Stereophile but send nothing to their customers, retailers and vendors. This makes zero sense to me. When will Krell Industries send out an official release with the full details?

The previous communication from Krell Industries has little useful information and raised many more questions. Are there any employees left at Krell? Where is the equipment sent in for repair? When will Krell Industries communicate something to the public? Is Krell Industries out of business or in the process of going out of business? How is the Probate Court involved and when will they be finished?

When will we hear something useful from Krell Industries? My answer to these questions is I have no clue or additional information. A very sad situation!

in other words, Krell Industries has not yet issued a comprehensive public release addressing its current situation to customers, retailers, and vendors. While the company has shared limited updates through its new website and social media, many stakeholders remain frustrated by the lack of direct communication. A press release with full details has not been announced, leaving questions about their operational plans unanswered.