Reply to post: I wonder what the """real""" reason for the initial sale was?

I wonder what the """real""" reason for the initial sale was?

I bet it some schmuck beancounter thinking that they could offload a """sinking ship""" for a boatload of cash; thus reclaiming some invested capital, and buying back those assets at a """"fire sale price""" in the future when the new owners got tired of the losses.

Not too unlike those "sale-leaseback" transactions where CAPEX is shifted into OPEX.