InvestorsHub Logo
Followers 0
Posts 19
Boards Moderated 0
Alias Born 02/27/2017

Re: emhaigh1 post# 336

Tuesday, 03/07/2017 6:31:46 PM

Tuesday, March 07, 2017 6:31:46 PM

Post# of 387
All good questions. I've discussed this topic with my lawyer and the answer is that the Barber's personal assets can't be the target of any lawsuit involving Oakridge. In the US, one creates a company for just that purpose, to shield the investor's personal property from liabilities suffered by a corporation. If the management has broken any laws, there could be criminal prosecution of the officers of the company but it seems incompetence is not a crime.

As far as inventory, there is none. There was no production last year save a few golf cart battery prototypes. There is some cell making equipment, probably left behind in the padlocked building in Palm Bay or in storage. And the company claims to have a patent portfolio. I guess a bankruptcy judge will have to determine who gets what crumbs are left behind. Used battery making equipment sells at a deep discount at auction, I would not expect millions from Oakridge's stuff. The value of the patents is unknown.

Many would be interested to know if Steve Barber was the owner of the cars and HD motorcycles used by him or if they were company property. Employees tell me they were seen in a Dodge Charger Hellcat and a BMW. Several HD motorcycles were parked in the company garage.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.