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Results 16 to 29 of 29
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23rd March 2024, 12:06 PM #16
They are gone, but not gone.
The liquidation is voluntary as the partners could not agree on something. So, no bullets were dodged as they are (or will be) still in business at 9, Boron Street, Sumner, 4074
It is possible that one of the brothers will buy back some machinery from the auction at lower prices that they paid for it originally.
I suppose that it depends on how much capital he has
We will see.Bob Willson
The term 'grammar nazi' was invented to make people, who don't know their grammar, feel OK about being uneducated.
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24th March 2024, 01:47 PM #17Senior Member
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- Jun 2018
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- Brisbane
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It is possible that one of the brothers will buy back some machinery from the auction at lower prices that they paid for it originally.
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24th March 2024, 03:45 PM #18
It is completely legal and very moral.
They went into voluntary liquidation, not because they could not pay their debts, but because the owner partners could not come to an agreement on how to split the business between themselves. And so this way, an independent party controls the sell off for a fee, and then splits the money from the asset sales between the partners according to the agreement that they signed between themselves
They do not owe any money, (actually, they may, I don't really know), they are just liquidating the assets so they can all go their own ways each with money from the sale of everything.
If they do owe money for stock etc., then that would be paid to the creditors before they get anything themselves.Bob Willson
The term 'grammar nazi' was invented to make people, who don't know their grammar, feel OK about being uneducated.
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24th March 2024, 03:52 PM #19Senior Member
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- Jun 2018
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- Brisbane
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Thank you - interesting, and as I specifically said, I cast no aspersions in this case.
However, I can definitely imagine use-cases in which the unscrupulous would not be 'very moral' at all... Plainly I have a jaundiced world-view based on my personal experience.
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24th March 2024, 03:58 PM #20
I share your jaundiced view, it just happens that in this case I know the main protagonist.
Bob Willson
The term 'grammar nazi' was invented to make people, who don't know their grammar, feel OK about being uneducated.
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24th March 2024, 05:10 PM #21GOLD MEMBER
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- Aug 2011
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- bilpin
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24th March 2024, 05:15 PM #22
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24th March 2024, 08:21 PM #23
From Facebook Market place today, seems the auctions start Thursday 28/3/24
Gregory Machinery Liquidation Auction - Pickles AU
I used to be an engineer, I'm not an engineer any more, but on the really good days I can remember when I was.
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25th March 2024, 08:13 AM #24
Interesting the auction starts on the 28th and inspection isn’t until the 2 and 3rd.
H.Jimcracks for the rich and/or wealthy. (aka GKB '88)
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27th March 2024, 02:41 PM #25GOLD MEMBER
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- Aug 2011
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1st April 2024, 01:04 PM #26
Transport options?
A mate and I are interested in machines in the auction.
Just looking at options for transport to Sydney.
Is anyone interested in sharing freight costs or is there any companies that will pick up single items from the auction?Scally
__________________________________________
The ark was built by an amateur
the titanic was built by professionals
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2nd April 2024, 03:30 PM #27Novice
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- Jan 2014
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- sunshine coast qld
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Unfortunately they have closed down.
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3rd April 2024, 09:27 AM #28
Looks to be a few things worth buying
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7th April 2024, 02:04 PM #29SENIOR MEMBER
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- Jun 2003
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- Brisbane, Qld
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Any Brisbanites picking up machinery from the auction interested in teaming up for mutual help with loading and unloading? I'll have an afternoon free, probably doing two trips from the southside.