Aptera liquidation process

[Epic]

Because Aptera has no spokesman now, and there has been no communication on what will happen post closing, I feel it is important for me to clear the air a bit.

Aptera has closed its doors and has been placed into a trust with a very well respected Managed Liquidation Company. Their responsibility is to maximize the value of the remaining assets for the benefit of debt and share holders. There are no employees at Aptera and no Board of Directors. Everything that is Aptera, in terms of assets and IP, are now held by the Managed Liquidation Company.

This process to establish how the liquidation will occur has begun, but will take several weeks to be fully defined. Eventually, the assets will be auctioned off to the highest bidder to do with what they choose. The Managed Liquidation Company will come forth with details once available and I will make sure those details are made available on the Forum as soon as they are released.

It is the responsibility of the managed liquidation company to protect Aptera's assets and maximize their value now. They were there when the doors were closed and hold the only access to these assets now.

Nothing will be destroyed, taken away, or otherwise impacted in a way that value will be decreased.

In an effort to inform others passionate about the preservation of our dream of efficient transportation, I will contact various media outlets to inform them of this process as well.

/Chris Anthony - Founder - Aptera, Epic EV, Flux Power

[aptera1213]

Thanks Chris...and good luck in whatever endevours you take.

Obviously I would love to see some form of Team A complete their early vision...

Take care and happy holidays...

Gavin


Ps...let me know when I win that Amp.

[Epic]

This could really be "where the FUN starts"

[steve]

@Epic- Indeed.

[byplug]

Originally Posted by Epic

This could really be "where the FUN starts"

...post December 02....
...It's like after a long grey cold never ending hopeless winter, every thing below minimums...
...and finally ...The sun came out and it was CAVU....
...and it is only December 03.

[KarenRei]

*Click*

Sounds like the sound of an IP prison door being unlocked.

[byplug]

Originally Posted by KarenRei

*Click*

Sounds like the sound of an IP prison door being unlocked.

Good to hear from you.
...fingers and toes crossed that things happen... Happy Holidays

[motornature]

Sad ending, though it had been expected for many months now. Let's hope someone ambitious and imaginative buy all the car parts and turn them into something...

[SEGsby]

Thanks very much for the detailed update, Chris!

Good to see Karen's posts, too!!!

[dfbvt]

Posted by Epic

Aptera has closed its doors and has been placed into a trust with a very well respected Managed Liquidation Company. Their responsibility is to maximize the value of the remaining assets for the benefit of debt and share holders. There are no employees at Aptera and no Board of Directors. Everything that is Aptera, in terms of assets and IP, are now held by the Managed Liquidation Company.

AH HAA!!! So this really IS a Chapter 7 bankruptcy and not a Chapter 11 bankruptcy. I kind of suspected that it was a C-7 and not a C-11 from the rantings of Truth"Paul"Seeker but I wasn't fully sure. Now I can sleep well tonight knowing there won't be any "camp fires" or other such nonsense like chain saws roaring through fiberglass or paper shredding tonight, tomorrow or any other day. Chris, thank you for clearing that up.

This process to establish how the liquidation will occur has begun, but will take several weeks to be fully defined. Eventually, the assets will be auctioned off to the highest bidder to do with what they choose. The Managed Liquidation Company will come forth with details once available and I will make sure those details are made available on the Forum as soon as they are released.

And thank you for saying you will keep us in the info loop.

Wow! this has been quite a day. We are hearing from several formerly active forum members (welcome back Karen) and both the founders and waving by (not "good by") to others - all in 24 hours. Gee wiz, this is getting exciting again. And to think I almost didn't bother to check in this morning because I'd pretty much had given up.

I say: LET THE NEW GAMES BEGIN!!

Dave Bowles