climbnjump
Member
I feel their intent is to sell off the physical assets of the Ilion and Tennessee plants and the Remington name and any IP later. Depending on what the liabilities are, that might be the only way to make any money off the deal.
That might be the case, I don't know. BUT... It can't happen for a while.
As I mentioned in a post above, if you check the terms of Roundhill's bid, they are REQUIRED to offer employment to at least 200 union workers at the Ilion facility within 75 days after the close of the sale.
Perhaps they will employ them only long enough to close down the facility and liquidate the assets. But that isn't a can of worms that a simple property management company would likely want to get involved in.