They cannot sell assets that are being held by the trustee.[/quote]
They can if the trustee authorizes it. Besides the sale could likely be from the Trustee to hospital or airport while Eric makes it sound like a company sale. That might be the situation. When a debtor becomes bankrupt, a trustee is appointed and all of the bankrupt's assets are vested in the trustee to administer, manage. Assets are sold for the creditors. We are dealing in part, I believe, with licensed technology. We don't know the arrangements made for the licensee, if any. Eric is likely purchasing his assets from the trustee. Not sure how GestureTek can realize any income themselves until the creditor's are satisfied, unless they were. And on the bankruptcy they listed no assets which is peculiar because Eric says he is purchasing assets. I am pursuing to find out why the bankruptcy listed no assets.
I do not understand they are working with WNBD and reporting back to them, nor access any inventory that were taken from them. You lost me there. It does not matter if some hospitals want the technology if they don't have the financial means to supply and support it. That is the main point, how is Eric going to fund the operations. I am all ears.
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