Krell Moves to new location

This was a probate hearing, intended to establish who would control the D’Agostino trust. Wil Buhler of "family holding company" JF Bicking had put forward a motion to have a third party administer the trust. Buhler apparently didn’t know that the proposed third-party administrator had already notified the court that he would not accept the role of trust administrator. The only alternative available to the judge was to allow Kris D’Agostino to administer his own trust.

Why is "family holding company" in scare quotes, I wonder?

@jmera It appears JF Bricking has lost the battle for controlling ownership. The most telling thing I see is that Javaherian set up the LLC and not Kristopher. Tech 9 Auto, Kris's shop, is only about 50 miles away from High Performance Stereo that Javaherian owns. I want to know if the hifi shop "down the road," has the resources to "jump start," Krell. Javaherian at least is a high-end audio dealer that sells Krell. He likely knows the market far better than JF Bricking. 

Also, JF Bricking was supposed to offer Kristopher D'Agostino a buyout. Guess that was not a worthy offer or we wouldn't be here now. My guess is JF Bricking is fighting for a "piece of the pie," some controlling ownership because there is no money to recover. That's the best they can do, get some percentage going forward.

JF Bricking has lost the battle for controlling ownership.

I think it's JF Bicking, but considering what they've done to Krell JF Bricking seems perfectly appropriate 😂🤣

@devinplombier  I have them kind of "tuned out," after the court decision. Didn't even notice. 

There are many players involved that include Kristopher D’Agostino, Tech 9 Auto, Steven Javaherian, High Performance Stereo (Krell Retailer), JF Bicking, Wil Buhler , Krell Industries, Krell Audio and the Delaware Probate Court. Of course in addition to the above, you have Krell workers, customers and retailers. And, yes, I probably forgot someone (maybe the building landlord).

All of the above have legal issues involved regarding gaining control of the probate assets, which are said to include at least 70% of Krell and the possible ownership by JF Bicking of the other 30% remaining assets. It is my understanding the Delaware Probate Court needs to resolve this ownership issue.

Assuming the Delaware Probate Court makes a decision allowing Krell to re-open, where is the capital going to come from to get Krell Industries back in operation. Obviously, that is another issue that needs to be resolved.

Based on the above Audiogon post, many Krell customers have equipment at Krell that need repair. Some of them have been waiting for a long time. How long will it take to resolve these issues? I have no clue.