As We’ve Noteed Repeatedly, The Auction For Diamond Comics Distribts Assets Got Underway This Morning at 10 am at the offices of Raymond James, The Finance Company that is handling the auction.
With One of the Mostaus Days in Comics History Taking Place Less than A Mile From where i live, There was no way i was’t going to try to cover it.
BankruptCy Auctions Can Be Public, which is part of the reason Notes have to be posted. However, Vary Procedures, and for This One, A Vary Large, Complex and Valuable Affair, You had to have registered as a bidder ahead of time, As Spelled Out in the Diamond Bankruptcy Philings. I Contact The Raymond James Media Office Ahead of Time, and They Were Super Nice But Didn’t Really Have Any Guidance Eithher Way. So i Just Showed Up This Morning.
There Was One Oher Non-Bidder in the Lobby As I Arrived, One of Diamond’s Creditors, Who Will Remain Anonymous. I have runs a small comics publishing company that has not yet Found Alternate Distribution. He was local and just as curious as I to see how it all plays out, and we did go up to the 12th floor where the proceedings were Taking Place. Raymond James You have a Lovely Office With One of the Most Up To Date Coffee Machines I’ve Ever Seen – An iPad Controls A Faucet Coming Out of A Counter Which Can Provide Hot Or Cold Water and A Variety of Coffee Beverages. Magic!
The Creditor and I Had ample Opportunity to See This Coffee Machine In Action As no Was Quito Sure What To do with us. While We Waited, Nearly to Dozen Middle Aged Businessmen in Suits Arrived for the Auction But no One I Collect. Eventually We Were Told, Vray Politely and Nicely, That Creditors Could Attend But Needed to have registered in Advance. And do not reporters allowed, which is pretty a lot of what I expectate. But already know i tried!
I’M Now relieved that i was’t allowed to attend, beset the auction took all day and is expectted to go into a second day. As a Reminder, there are 12 separate business units involved in the auction, and they could be sold separately.
-
Business Name Description 1 Diamond Comic Distributors Division of Debtor Diamond Comic Distributors, Inc., That Distributs Comic Books, Graphic Novels, Toys, Games, and Other Pop Culture-Related Merchandise. 2 Diamond Book Distribts Division of Debtor Diamond Comic Distributors, Inc., that distributs English-Language Graphic Novels, Manga, Games, and Merchandise. 3 Alliance Game Distributors Division of Debtor Diamond Comic Distributors, Inc., That Distributs Board Games, Card Games, Role-Playing Games, Miniatures, and Other Gaming Products. 4 Collecible Graring Authority (CGA) Division of Debtor Diamond Comic Distributors, Inc., That Provides Professional Evaluation, Authentication, and Grading Services of Vintage and Modern Toys, Video Games, and Other Related Collecible Assets. 5 Fandomworld Division of Debtor Diamond Comic Distributors, Inc., That Operates A Direct-to-Consumer E-Commerce Platform Offering A Range of Collecible Merchandise for Sale. 6 FreeComicbookday.com Division of Debtor Diamond Comic Distributors, Inc., That Operates Annual Promotional Event WHERE PARTICIPATING COMIC BOOKSTORES Give Away Free Comic Books To Drive Product Awareness and Attract New Customers. 7 Diamond Select Toys & Collectibles, LLC Collectible manufactures Toys and Animated-Style Statues Based on Intellectual Property from Companies Like Disney, Marvel, and Warner Bros. 8 Gentle Giant Ltd. DIVISION OF DEBTOR DIAMOND SELECT TOYS & COLLECTABLE, LLC, THAT MANUFACTURES COLLECIBLE TOYS AND STATUES BASED ON INTELECTUAL PROPERTY FROM, AMONG OTHERS, DISNEY AND MARVEL. 9 Ironguard Supplies Division of Debtor Diamond Select Toys & Collectibles, LLC, That Manufactures Card Supplies, Comic Supplies, and Displays, Including Card Bioners, Card Sleeves, Magna-Armor, Backer Boards, and Comic Bags. 10 Comic Export, Inc. Holding Company That Owns 50% of Non-Debtor Diamond Comic Distribts UK, to Distributor of Comic Books, Collectibles, and Related Merchandise in the United Kingdom. 11 Comic Holdings, Inc. Holding Company That Owns 50% of Non-Debtor Diamond Comic Distribts UK, to Distributor of Comic Books, Collectibles, and Related Merchandise in the United Kingdom. 12 Diamond Comic Distributors UK Distribute Comic Books, Collectibles, and Related Merchandise in the United Kingdom.
And so… .the waiting game continues.
