Quote:
Originally Posted by grindy
^Okay, this is just insane. What the serious ****?
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Without getting into specifics, we had to sell off a division to get money to help fund the ongoing lawsuit. The MEGAHUGE acquisition firm that bought it usually buys out companies in the 40-500 million dollar range.
They only paid 4.5 million for our division. It's such a tiny amount of money for them that the top dogs are not paying enough attention and they just turned it over to these guys, who are running it into the ground.
Sucky part for us is that part of the buyout included a quarterly payment based on a small percentage of their gross sales for the next 4 years. Since we're running on fumes that was going to be a nice help.