[Peter_Spaeth]

Originally Posted by Oscar_Stanage

See my next comment below. Post eBay I am guessing the revenue dried up and they were on their way out of business. That’s good enough for a token price.
Not sure I get why there would be a huge debt ? Why would loans be non performing with a huge haircut? If you read the public articles, there is a hedge fund financing all this . They are asset based lenders , they lend against collateral- machines , cars, paintings , baseball cards. they don’t take risk, its all about the haircut

That's why I am thinking a rational hedge fund did not make these loans, Brent did or at least took on some significant risk and did not do proper valuations. We need to find someone who borrowed and see what the arrangement was.