@breezinup posted:Those are logical explanations. There was a comment, however (don't remember now who made it, but someone close to the manufacturering end), that it was fairly well known in the industry that MW had been trying to sell the company for quite a while (I think it was a year, perhaps a little more, don't remember for sure, but I remember being surprised that this had been going on for so long). If that's correct, proceeding with the development of a new factory (even if arrangements were already well underway) when there had been little interest expressed from any prospective purchaser, seems illogical.
Logic seldom has anything to do with it. It's all about the Benjamins.
A Telcom equipment manufacturer (here in the USA) company I worked for had purchased a smaller company in another state with the "latest and greatest" technology. The section in the home office I worked with was assigned work with them. A couple of months later, the whole project was scrapped and the entire division in both locations (including myself,) were laid off in the first of several layoffs.
The mortal remains of the company is now a shadow of its former self, they buy someone else's equipment and slap their name on it.
If Mike is unable to sell the company, either separately or as a whole, it's better just to let it go. He'll probably get a good tax break writing off the loss.
Rusty
