[ARC5] Fair Radio Fades Into the Gathering Darkness

[Bob Camp]

Hi

One minor adjustment to that pretty detailed plan.

It is not at all uncommon have a long term lease on the building in a
transfer like this. That reduces the size of the bank loan required and 
gives the seller a nice constant flow of cash for years to come.

Even if the building becomes a warehouse, it’ may be that the net cost
of leasing the building is less than the cost of moving all the inventory
to a new home, putting up shelving there and paying rent on that new home. 

Another thing that often smooths out the cashflow a bit is that payment
for the business itself is often a three stage process. It might be spread out
over several years. Yes, the bulk will be paid before you take full possession.
It’s not going to be *that* big a spread. 

On the other side, don’t forget all those the fees to the lawyers. 

Bob

> On Aug 7, 2023, at 2:26 AM, Robert P. Meadows <rpmeadow at bellsouth.net> wrote:
> 
> David and others.
> 
> First off Fair radio is not chaos.  The folks who work there know what is
> there and just about right where it all  is.
> 
> All you folks want some one to go and "rescue" goods that most complained
> were too "expensive" for years.
> 
> As far as "cherry picking" items, haven't you any honor, morality or just
> plain smarts.  
> Phillip Sellati has been in the business or at least around it since it was
> started when he was a young lad of about 2 years.
> To go to Fair Radio and expect to purchase the plethora of really fine
> R390/390A radios for a few pennies a pound is not only foolish on your
> assumptions, but unless you purchase it ALL, that's right ALL, then don't
> expect the give away pricing.  I personally know the source of the last
> batch of those radios, and they were quite nice from a rabid collector who
> apparently had little regard for money when good radios were available.  It
> took about three years for the gear to be collected from that source by a
> good friend who then moved it on to Fair Radio.
> 
> If all you good folk want to "save" Fair Radio, form a company, either an
> LLC or full blown corporation, get a loan from your favourite bank, as I am
> rather certain you haven't the funds in your "piggy banks" go up to Lima
> with the funds in hand and make a reasonable offer, keeping in mind you must
> purchase the Real Estate as well, or have a good warehouse with retail
> spaces to put all the treasure.  Keep in mind that there are Triwalls, and
> if you don't know what that is, then you don't know the surplus business, of
> tubes and other equipment that have been "resting" awaiting opening since
> the late "50's-60's.  The folks there know what is out in them, as they are
> essentially reserve stock.
> 
> Further, a good deal of the surplus electronics are now on the DLA Demil
> list as DEMIL D, which means if the govt had it, it would only be sold as
> SCRAP, with total destruction required before release from govt custody.
> That equipment may not legally be exported without a proper Export License,
> and in some cases the gummit can require an EUC for the material if they get
> testy.  Such just makes the gear more expensive as there is NONE to be had
> from any government source as surplus. By the by, the R390A fits that
> category.  From some records I have reviewed, the R390A is still active
> within the US Government stock list system, which makes one wonder just
> where they are keeping or using them.  
> 
> Take lots of pictures of Ben Franklin and pay a reasonable price to save the
> treasure.
> 
> Robert
> W4RRD
> 
> -----Original Message-----
> From: arc5-bounces at mailman.qth.net <arc5-bounces at mailman.qth.net> On Behalf
> Of David Stinson
> Sent: Sunday, August 6, 2023 7:12 PM
> To: MMRCG at groups.io; ARC-5 <arc5 at mailman.qth.net>
> Subject: [ARC5] Fair Radio Fades Into the Gathering Darkness
> 
> I hate to say it, but Phil isn't going to move a significant fraction of
> that chaos even at pennies-a-pound.
> There just aren't enough of us left who have the room or money.
> 
> What he needs is a few knowledgeable, hard-headed guys who know what's truly
> "rare" and what's "common," cherry-pick those things out, along with the
> more sought-after connectors and popular accessories, then hire a back-hoe
> and contract a scrap dealer.
> 
> We could organize groups to "rescue" of some popular categories, like a
> group for Collins gear, a group for R-390, etc.-
>  groups of guys who would put in time and money to save their particular
> interest from the back-hoe.
> We'd also have to accept and forgive; saving it all, or even a significant
> fraction of it, is impossible.
> 
> I'm not optimistic; we have lots of people who will cry "Save it!  Save it!"
> but when it comes time to take action, they disappear- won't contribute a
> dollar or a weekend to save anything. As in any group of humans in any
> field: there are 1000 talkers for every "do-er."
> 
> If we can't organize such groups, I guess the only thing to do is go as
> individuals as soon as you can.
> 
> 73 Dave AB5S
> 
> 
> 
> 
> 
> 
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