Saturday, January 15, 2022

Express Grain Update

It appears the Colemans went on a golf cart-buying spree just before Express Grain filed bankruptcy.  Express Grain asked the bankruptcy court's permission to sell 15 brand spanking-new golf carts and a truck yesterday.  The motion and invoices are posted below.

 

13 comments:

Anonymous said...

Reunion has made a preemptive offer so probably no auction

Anonymous said...

These people suck so much.

4:31, In the motion the buyer is listed as "Dodd Turner of Turner Auto Group." Who said anything about an auction?

Anonymous said...

Weird, the only buyer they could find for the golf carts was next door to Dr. Coleman's office?

Mike said...

Read closely. These are lifted off-road carts. Not traditional golf carts. Can’t see Reunion or other golf resorts wanting them.

John Pittman Hey said...

January 15, 2022 at 5:44 PM

Isn't Turner Auto Group next door to the China Blossom restaurant? Coleman's office is way down the road from there.

Dodd is offering fair market value for the carts - basically the same as EG paid for them.

Anonymous said...

Tee it up-

Anonymous said...

I wonder how easy it is to authenticate an invoice from a Chinese company. These people (allegedly) submitted fraudulent audit reports to their own regulating agency. They do merit the benefit of the doubt.

Anonymous said...

I don't belong to the silk-stocking-tennis-golf-set. So, tell me what a lifted off road golf cart is.

Er, John Pittman Hey - Newsflash! Fair market value is NEVER what somebody initially paid for something. Remember that old saying...'as soon as you leave the dealership's parking lot'?

Anonymous said...

They had to liquidate what is available. There are a lot of lawyers now on the payroll.

Anonymous said...

I meant "do not." In other words, I would not take the invoice at face value. 12:18 a.m.

Anonymous said...

Had to have some means for hauling all that product in the grain elevators that the bank owns!

Anonymous said...

These would be great for Jackistan's third world streets, as they are lifted.

Anonymous said...

Gots to have transportation for the hookers.



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