Krell Moves to new location

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?

@devinplombier 

No!  Based on the above post, I assumed KRELL INDUSTRIES is closed.  I do not know and no one has officially said they are open or closed.  In other words, I have no clue.

@devinplombier

Perplexity AI reports the following but the posts above say the same thing. The most important statement below is “Krell’s ultimate success depends on resolving these issues and securing sufficient resources to restart operations effectively”.

“Krell Industries is currently in a state of transition. The company temporarily closed on June 18, 2024, following the unexpected death of its CEO, Rondi D’Agostino. The reopening process is complicated by probate issues and negotiations with the new majority shareholder. Despite these challenges, Krell aims to restart operations soon.

The company faces hurdles, including past financial instability, strained relationships with stakeholders, customer equipment in for repair and delays caused by the probate process. Additionally, competition for control over reopening adds complexity.

While progress is being made, the ultimate success depends on resolving these issues and securing sufficient resources to restart operations effectively”.

I have no further info regarding what is going on at Krell Industries. I have no equipment in for repair and am not in contact with anyone at Krell Industries.  What a mess this is.  

@thecarpathian 

Stored?? Or do you mean where ex-employees that got stung sold off gear for five cents on the dollar out the back door? Who knows where hundreds upon hundreds of items are this far along in the fiasco and who knows who to go after for anything missing. Pretty standard behavior of sinking ships.