Krell Moves to new location

@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.

Whose paying the rent on the building where everyone's gear is stored?

The delays have greatly diminished the value of the business, thus minimizing any inheritance taxes.

However, while it isn't worth much as a standalone business, it could be sold for significantly more to a deep pocketed high end company who could rejuvenate it and reestablish the brand.

Assuming the Delaware Probate Court makes a decision allowing Krell to re-open

@hgeifman do you have it on good authority that Krell was shut down by court order in the first place?