I was wondering the same thing. They would be better offering $80K and then take time to find a private buyer or shop it around the industry. Don't smoke so have no opinion of Renegade's former brands, hence no idea of the value of the trademarks.
Will be sold to Westgage Distribution for $200K per filing Sept 4, 2013 and need to pony up the balance by COB today (they already put down $80K deposit). BCAR approved the sale. They are the sole lien holders.