Quoted from Noodlebox:The prototype was then sold by Old Bumper to New Bumper as part of the buyout of stock and equipment in the business sale
For those trying to make the maths add up, I'm sorry but it won't.
That is the purpose of a corporate restructure - to transfer assets between entities and quarantine liabilities. Almost always, a company is stripped of assets prior to its liquidation (through legitimate commercial transfers) at less than fair market value. Liabilities typically stay with first entity and then offer limited recourse for anyone chasing their money or goods.
As an EXAMPLE only, Entity A sells $1m worth or equipment, stock and intangible assets to Entity B for $50k - suddenly $0.95m has disappeared. Other than those sums already flagged which had been sent to JJP, any additional deposits monies would have been used for operating cashflow to buy equipment, stock, pay employees, pay dividends to directors, or whatever....
The piece that is missing here are the terms under which assets were transfered from Bumper 2 to Bumper 3.
Simple question Noodle - given you want to put things out in the open what assets were bought from Bumper 2 and for how much? I'm betting Bumper 3 bought all stock, equipment, licence/distribution rights (and anything of value) at cents in the dollar. If that is the case, then sadly everyone's deposits (or some of it more correctly) has morphed into discounted stock and equipment sitting in the 4 walls of Bumper 3!!!