srace1

Responses from srace1

Krell Moves to new location
Yeah generally no mandate for private companies to have a Board of Directors, although it  can vary by state as to what functions a company must have. In a situation like Krell has gone through, I'm not surprised Rondi did not constitute a Board. ... 
Krell Moves to new location
Yeah generally no mandate for private companies to have a Board of Directors, although it  can vary by state as to what functions a company must have. In a situation like Krell has gone through, I'm not surprised Rondi did not constitute a Board. ... 
Krell Moves to new location
Lynn_olsen is largely correct but bankruptcy is a bit more complex depending upon the state and the type of bankruptcy. Most bankruptcies start out as a Chapter 11 meaning they will get some money from an outside source in exchange for basically f... 
Krell Moves to new location
Jea48 I didn’t wanna make the communication on this form very personal since I didn’t want to come off as any sort of know at all. However, perhaps some of my work background will be appropriate and give some perspective on why I have made the com... 
Krell Moves to new location
The case citation from jea48 is from 15 years ago and while it shows a litigious past for Krell, it has no bearing on the current situation. Interestingly, it put a value on Krell at $3MM in 2009 ( 40% was bought for $1.2MM). Doubt it is worth tha... 
Krell Moves to new location
Well, it looks like our hopes for a Krell “reopening” as Will Buhler suggested in his communication to us on Audiogon are the of coal in our Christmas stocking. They have the same lame press announcement for months now on their revised website. I ... 
What's going on at Krell
I just checked the Krell industries website thinking there would be an update after the long weekend. No such luck. Having read the Wil Buhler response I thought he meant they would be up again at the end of November. He was a vague about which mo... 
Krell Moves to new location
To thecarpathian and hgeifman- thanks for your efforts and research, but I am a bit confused. I was under the impression Krell rented the building along with others and was not the owner of the structure. Hard to believe it was sold to a new buyer... 
Krell Moves to new location
All- thanks for the responses. I have a set of 575 mono amps in for repair (on one unit) and an upgrade on both. They have been there since late March. Repeated emails go unanswered and calls to any number in their phone tree are met with a messag... 
What's going on at Krell
Thanks to all who have responded but the net of all this is remarkable uncertainty. We don’t mourn US Presidents for 5 months with flags at half mast. There should be some sort of minimal life support at Krell even if for  poor planning purposes t...