Wait a second. A judge blocked the Onion from buying the site at auction because… he thinks it should have sold for more? My brother in Christ, do you understand what an auction is?!
Specifically, he thought the trustee should have allowed the other LLC (which is totally not affiliated with him yet only exists to shelter his supplement business) more time to counteroffer.
Why does that make no sense? He has debts to pay, can’t cover them, and so his assets are sold at auction to pay them off. Same thing happens to people every day via civil forfeiture.
Edit: clearly people cannot read. The Onion should have been sold the website for the winning bid that they submitted at an auction. End of story.
Wait a second. A judge blocked the Onion from buying the site at auction because… he thinks it should have sold for more? My brother in Christ, do you understand what an auction is?!
Specifically, he thought the trustee should have allowed the other LLC (which is totally not affiliated with him yet only exists to shelter his supplement business) more time to counteroffer.
But that makes no sense. It’s an auction. There’s a time limit. It’s not an acquisition. You’re being forced to sell something.
You know what else makes no sense? Letting someone bid on his former property using money he owes to the people selling.
Why does that make no sense? He has debts to pay, can’t cover them, and so his assets are sold at auction to pay them off. Same thing happens to people every day via civil forfeiture.
Edit: clearly people cannot read. The Onion should have been sold the website for the winning bid that they submitted at an auction. End of story.
Because he’s trying to use the money he owes to buy back his stuff, when it should have been seized too
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